Maiya Keidan

Toronto-based hedge fund firm Donville Kent Asset Management said Reitmans Canada Ltd <a href=“https://www.reuters.com/markets/companies/RETa.V” target=“_blank”>(RETa.V)</a> would make good use of capital if it eliminated its dual-class share structure and bought back stock, resulting in the Reitman family regaining control, according to a letter seen by Reuters.

Canadian Finance Minister Chrystia Freeland will <a href=”/world/americas/canada-finance-minister-challenge-albertas-potential-pension-plan-exit-friday-2023-10-31/”>seek</a> to challenge Alberta Premier Danielle Smith’s plan to pull her province out of the Canada Pension Plan (CPP), in a meeting with provincial and territorial counterparts on Friday.

Canada’s Brookfield Asset Management <a href=“https://www.reuters.com/markets/companies/BAM.TO” target=“_blank”>(BAM.TO)</a> has fired Cushman & Wakefield <a href=“https://www.reuters.com/markets/companies/CWK.N” target=“_blank”>(CWK.N)</a> from handling its office and logistics listings in the United States, a spokesperson for the real estate brokerage firm confirmed on Thursday.

U.S. corporates and private equity firms are increasingly eyeing Canadian oil and gas companies for acquisition, drawn by lower valuations, ample fossil fuel reserves, and improving market access, according to dealmakers and analysts.

Canada will face rising economic uncertainty if the province of Alberta carries out a threat to withdraw from the Canada Pension Plan (CPP), federal Finance Minister Chrystia Freeland said on Friday.

Canadian firm Davie Shipbuilding has completed the purchase of Helsinki Shipyard, maker of Arctic icebreaking vessels, from Russian-owned Algador Holdings after securing regulatory approval, Davie said on Friday.

An Ontario court on Friday placed Canadian hedge fund Traynor Ridge Capital and the funds it manages in receivership after the sudden death of its sole director, as the provincial securities regulator probes millions of dollars of trading losses incurred by brokers.

McKesson Corp is planning to sell Canadian drugstore chain Rexall Pharmacy Group, a source familiar with the process told Reuters on Friday, seven years after the U.S. drug distributor bought the business for about C$3 billion ($2.2 billion).

Six of Canada's biggest pension funds managing C$1.3 trillion ($965.47 billion) in assets have begun a major expansion into private credit, moving into an area previously dominated by banks.

Canadian green bond issuance is poised for a rebound this year as market conditions improve, after offerings more than halved last year to their lowest in four years, as higher interest rates and tight labour market hindered sustainable projects.