Marketing

Pension giant PSP Investments and Bank of Montreal are backing the latest venture fund from Yaletown Partners aimed at financing Canadian startups that help corporations reduce their impact on climate change.The Vancouver-based venture capital firm, one of Canada’s oldest in operation, is announcing Wednesday that it has raised $130-million so...

A company that aims to assemble a national network of renewable natural gas plants at landfill and compost sites is set to begin trading on Wednesday in a $20-million initial public offering.Vancouver-based EverGen Infrastructure Corp. was formed last year by a group of finance, private-equity and infrastructure professionals. The company...

Canadian securities regulators are establishing a new self-regulatory organization that will oversee the country’s investment industry, consolidating the functions of two existing entities – the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).The creation of the new regulator, announced Tuesday, is the...

H&R Real Estate Investment Trust is unloading its ownership in the Bow, Calgary’s signature office tower and once the pride of Encana Corp., in a multifaceted deal designed to decrease its exposure to the city’s troubled office market and slash its debt burden.H&R, which owns a mix of office, industrial,...

Canada’s two largest railways say they are unlikely to repeat the record grain shipments they posted in 2020 due to unfavourable weather conditions over the summer.Canadian National Railway Co. moved 31 million tonnes as of the end of July, beating the previous record of 29.4 million tonnes a year earlier.That’s...

Canaccord Genuity Corp. generated more than half-a-billion dollars in revenue last quarter – an increase of almost 40 per cent from the same quarter a year ago – driven mostly by a surge in fee revenue from its advisory business.The Toronto-based investment bank raked in a profit of $81-million on...

Facebook Inc. has struck partnerships with three Canadian publishers, including The Globe and Mail, to expand a platform that sees the social network pay for news content.As part of an initiative to ensure its 24 million Canadian users have access to reliable, authoritative news, Facebook has added The Globe, Glacier...

When shared electric kick scooters appeared overnight on street corners in U.S. cities in 2018, the companies leading the charge promised they’d change how we get to work.But by the time COVID-19 hit this spring, several cities worldwide, including Montreal, had already pulled the plug on their scooter pilots.Cities griped...

Bird Canada has landed a deep-pocketed backer for its planned cross-country rollout of shared electronic scooters and e-bicycles.Toronto-based Bird Canada has raised money from Montreal-based MKB, a private-equity fund that invests in sustainable transportation and energy projects, as well as from three of its current institutional backers, to expand a...

McDonald’s Corp and more than 20 of its largest U.S. suppliers – including beef producer Cargill and chicken processor Tyson Foods – on Thursday said they will increase diversity among their providers.The burger chain, which reports second quarter earnings on Wednesday, vowed to boost U.S. spending with diverse suppliers and...

Jordan Gnat will freely admit his foreign-language skills aren’t his best calling card.“As my kids say, my Sesame Street Spanish isn’t going to be very helpful,” said Mr. Gnat, 49, in an interview. And how is his Portuguese? “Obrigado,” he responds with a self-effacing laugh. “That’s about as good as...

For Sun Life Financial Inc., the COVID-19 pandemic has delivered an unexpected boost to business.First, the spread of the virus triggered higher demand for life insurance among many young people, typically a tough market to win over for the industry. And physicaldistancing measures forced the company to move faster in...

It’s not hard to understand why, more than a year after Black Lives Matter protests, Canadian firms are spearheading new ways to support diversity and inclusivity in the workplace.Recent surveys have found Canadians not only believe systemic racism exists in the country, but that local institutions and businesses should do...

BHP expects to present its board with a decision in a few months on whether to go ahead with its Jansen potash project in Canada after choosing between two port options, a company executive said on Thursday.The world’s biggest miner has estimated the project in Saskatchewan would cost up to...

BHP Group Ltd. is in discussions with the Saskatchewan government about possible tax breaks as it nears a construction decision on the giant Jansen potash mine, two sources familiar with the talks said.Australia’s BHP has already sunk US$4-billion into building mine shafts at the site, 140 kilometres east of Saskatoon,...

BHP Group Ltd. has reached a friendly agreement to acquire Ring of Fire explorer Noront Resources Ltd. for $325-million, trumping an earlier unsolicited approach from Australian private equity firm Wyloo Metals Pty Ltd.Melbourne-based BHP said it intends to pay 55 cents a share in cash for Toronto-based Noront, 69-per-cent higher...

BHP Group Ltd. had designs on Ring of Fire exploration company Noront Resources Ltd . as early as the spring, but on two occasions its plans were stymied by Wyloo Metals Ltd., Noront’s biggest stakeholder.Melbourne-based BHP on Tuesday made a $0.55 a share takeover offer for Noront, obliterating a previous...

An auction for highly coveted 5G airwaves that, according to sources, has raised a record-breaking $8-billion will leave Canada’s Big Three telecoms more indebted as they look for ways to monetize the newest generation of wireless technology, analysts say.The total proceeds, first reported by The Globe and Mail on Wednesday,...

Shaw Communications Inc. and Quebecor’s Videotron Ltd. discussed a potential network sharing agreement before Shaw struck a dealin March to be acquired by Rogers Communications Inc. , according to court documents.The negotiations between Western Canadian cable company Shaw and Montreal-based Videotron are disclosed in documents filed with the Federal Court...

Dominion Energy Inc abandoned the sale of a natural gas pipeline to unit of Warren Buffett’s Berkshire Hathaway Inc because of uncertainty over whether antitrust regulators would approve it, the companies said on Monday.Berkshire Hathaway Energy had planned to acquire Dominion’s Questar Pipelines for $1.3-billion in cash and the assumption...