OMERS Private Equity acquires a U.S. dermatology services chain in the American Midwest and mid-Atlantic states, while selling control of Marketwired based in Toronto. ...
Author Archives: John Valorzi
Seen: New manufacturing training centre opens at Seneca College
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Heard: CPP Investment Board buys half of U.K. shopping centre
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Hydro One profit slumps as revenue hit by warm weather
First results as a publicly traded company hit by balmy winter, and lower demand for power; CEO says the utility not ready to jump into acquisitions as it seeks to become 'a performance-focused commercial organization.' ...
Essar Steel Algoma puts itself up for sale under bankruptcy restructuring
Essar is the second major Ontario steel producer on the block in a battered steel industry. ...
TransCanada share of Bruce Power refurb is $6.5 billion
Energy giant TransCanada will face a $6.5-billion capital bill for the refurbishment of six nuclear reactors at the Bruce Power station over the next two decades, after raising its stake in the nuclear operator to 48.5 p ...
Heard: Mowat report says governments need policies on driverless cars
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Canada Pension Plan grows to $282.6 billion in third quarter
CPPIB reports it generated investment returns of 4.5 per cent for quarter ended Dec. 31, as Canada's largest pension fund benefited from foreign currency gains and a recovery in global stock markets. ...
Happening: Elections Ontario to use new polling system for byelection
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Seen: ArcelorMittal signs deal with steelworkers in Quebec
A unit of ArcelorMittal, Ontario's biggest steel producer, has signed a new contract for 800 of its workers in Quebec. ArcelorMittal Long Products Canada management and the United Steelworkers-FTQ union have agree ...
Tahoe Resources expands into northern Ontario with Lake Shore Gold deal
Tahoe Resources makes $945 million share swap deal to buy Lake Shore Gold, expanding its presence in the Timmins gold belt of northeastern Ontario ...
Seen: Province spends $375,000 on new research into sexual violence
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Fraser report ranks Wynne poorly on fiscal management
Despite poor ranking, Finance Minister Charles Sousa continually reminds opposition critics that Ontario ranks lowest in Canada on per-capita government spending. ...
TransCanada signs deal to supply Energy East pipeline, add 210 jobs in Quebec
The deal with ABB to build electrical equipment for the pipeline project comes after TransCanada signed a deal with GE Canada in late 2014 to supply motors for the pipeline, adding 250 jobs in Ontario ...
Happening: Province finances new skills training projects
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What was said at the finance committee Tuesday
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Wine in grocery stores coming this fall, LCBO to expand e-commerce options
Wine sales in Ontario grocery stores could come as early as this fall as the LCBO works on a plan to further liberalize and modernize its operations ...
Pre-budget submissions to the Finance and Economic Affairs Committee
Advocacy groups representing Ontario's hospitals, post-secondary students, elementary school teachers and others submitted their pre-budget recommendations Monday. ...
Hawthorne to retire this year as CEO of Bruce Power
President and CEO Duncan Hawthorne is retiring this year after 15 years at the helm of Bruce Power, the world's biggest nuclear power producer, which generates nearly a third of Ontario's electricity. ...
Seen: Steelworkers call for government to fight illegal foreign steel trade
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Hydro One in $373-million deal for Great Lakes power business
The first major acquisition for Hydro One since its $1.83-billion IPO means the utility will operate 98 per cent of Ontario's transmission capacity. ...
OMERS unit buys stake in Spanish oil refiner
A first investment in Spain that adds to its European infrastructure portfolio in Britain, Germany, Sweden, Finland and the Czech Republic. ...
Province chooses Maureen Jensen to head Ontario Securities Commission
Finance Ministry chooses Maureen Jensen, the chief administrative officer of the Ontario Securities Commission, as the new president and CEO of the provincial stocks regulator ...
Ontario business confidence drops to five-year low, Chamber of Commerce says
Emerging Stronger report finds that only 30 per cent of businesses are confident in Ontario’s economy, compared to 47 per cent in 2012. ...
Heard: Province sets up OPP unit to fight contraband tobacco
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Barrick Gold could take US$3 billion writedown
Barrick Gold could write down the value of its assets and goodwill by up to US$3 billion when it reports financial results next month ...
ORPP dispute a lesson for feds and provinces, says report
Mowat Centre calls on Finance Minister Bill Morneau to make CRA a jointly run agency. ...
Heard: Utility owner Capstone Infrastructure sold for $480 million
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OPG fined by nuclear regulator over Pickering plant operations
In citing actions not in compliance with operating licence, Canadian Nuclear Safety Commission warns of 'behavior' that could 'result in unreasonable risks to national security, the health and safety of persons and the e ...
Suncor and Canadian Oil Sands agree to friendly takeover deal
Suncor Energy strikes friendly deal to buy Canadian Oil Sands Ltd., the biggest owner of the Syncrude oilsands project in northern Alberta ...
Heard: Devlin to retire as president and CEO of Humber River Hospital
Rueben Devlin had held the top position Humber River Hospital since 1999 ...
Heard: Province provides jobs grants for Cambridge plants
The provincial government is providing more than $2 million in grants to three Cambridge-based companies to create 130 jobs in southwestern Ontario's industrial economy. The money from the southwestern Ontario reg ...
Heard: CUPE asks Hoskins to review cuts to eastern Ontario hospital
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Sears Canada to sell GTA warehouse for $100 million
Sale of Vaughan distribution centre part of a strategy to unlock value of asset base 'all within the context of revitalizing Sears Canada's core retail business and maintaining a strong balance sheet,' chairman says. ...
Barrick sells non-core Nevada mines for US$720 million
Barrick strikes deals to sell Nevada mines, including to Toronto miner Kinross Gold, as it continues to pay down debt. ...
Steelworkers want federal, provincial help for battered industry
In letter to Justin Trudeau, union leader asks: 'Will this government continue its predecessor's record of neglecting our industrial and manufacturing base, or will it take meaningful action ...?' ...
Heard: Essar Steel Algoma files for protection from creditors
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Half a billion dollars in deals reached on Wynne trade mission’s Shanghai leg
Ontario companies in the cleantech and science and technology industries ink deals with Chinese firms and research groups. ...
Seen: Ontario adds $27 million in youth jobs programs
The Liberal government is spending $27 million more over two years on programs to foster training, mentoring and skills programs for young people. The programs include: Youth Business Accelerator Program: to ...
Heard: Grand & Toy partners with native business group
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What was asked in question period
What was asked in question period, Thursday, Nov. 5 ...
Heard: OPG to hold aboriginal trade fair at Darlington
Ontario Power Generation will host a trade fair at its Darlington complex on Saturday to help First Nations businesses get more contracts with the utility. "This is a fantastic opportunity for young aboriginal peopl ...
Heard: OPS workers ratify new deal with province by 78 per cent vote
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Goldcorp loss more than quadruples to US$192 million in Q3
Miner sees asset writedowns offset record output and rising revenues ...
GFL makes $800-million deal in waste disposal business in eastern Ontario
GFL Environmental buys TransForce's waste disposal business in Ottawa, Quebec ...
Seen: Barrick Gold loses US$264 million in Q3 as revenues drop
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Province aims to end chronic homlessness in 10 years
Government commited to ensuring 'that no one is left behind and that every Ontarian can achieve their full potential,' Treasury Board president Deb Matthews says. ...
Seen: Richmont studies expanded output at Northern Ontario mine
A junior mining company says it is assessing a plan to expand its gold mine located 80 kilometres northeast of Wawa in a remote part of Northern Ontario. Richmont Mines says a preliminary economic assessment of ex ...
CPP Board and BC Partners to buy stake in Cablevision
In a separate announcement, CPP Board opens an office in Mumbai to focus on investment opportunities across the Indian subcontinent ...
Seen: Unifor pushes for changes to employment standards
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