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Articles Written by: GARY NORRIS
TORONTO Timminco Ltd. will rise again when the outlook for the solar energy industry brightens, the chairman-CEO of the beaten-down provider of silicon for solar cells told shareholders Friday.
Despite this assurance, Timminco shares tumbled to a ...
From GARY NORRIS,
Globe and Mail,
15 May 2009
TORONTO Pay television is the bright spot in a glum over-all picture for Canadian media operators, executives of Astral Media Inc. said Thursday as Canada's leading pay-TV player reported a 2 per cent rise in quarterly revenue to $209.3-million.
“In ...
From GARY NORRIS,
Globe and Mail,
9 Apr 2009
TORONTO Biovail Corp. and founder Eugene Melnyk “tried to do the right thing at the right time” after a 2003 truck crash that the Ontario Securities Commission alleges was used as an excuse to provide misleading information to investors, Mr. Melnyk's ...
From GARY NORRIS,
Globe and Mail,
5 Mar 2009
TORONTO The recession will be long and deep but Fairfax Financial Holdings Ltd. is investing avidly in U.S. tax-exempt bonds, beaten-down corporate bonds and cut-price common stocks, chairman and CEO Prem Watsa said Friday.
Mr. Watsa, regarded as one ...
From GARY NORRIS,
Globe and Mail,
20 Feb 2009
TORONTO Canada's largest auto, home and business insurance company is preparing a new corporate face after formally declaring independence from Netherlands-based ING Group.
The hard-pressed Dutch financial conglomerate reaped gross proceeds of ...
From GARY NORRIS,
Globe and Mail,
19 Feb 2009
TORONTO Canada's largest home insurance provider has been hit by a fire sale, as hard-pressed Dutch financial-services conglomerate ING Group surrenders its majority interest in ING Canada Inc. at a steep discount.
ING Canada shares fell as much as 15 ...
From GARY NORRIS,
Globe and Mail,
4 Feb 2009
TORONTO - The restructuring of the Canadian asset-backed commercial paper market is over at last, after 17 months, with the reincarnation of $32 billion worth of notes.
However, the pain will linger for years for many institutional and corporate ...
Jim Flaherty says Canadians are in for a difficult year with continued jobs losses and the government will provide help with training and education for the unemployed. THE CANADIAN PRESS/Nathan Denette
THORNHILL, Ont. - The federal finance minister ...
TORONTO - It's largely business as usual for lending by Canadian banks but there's no doubt the country is undergoing a credit crunch as other loan sources evaporate, the chief executive of the Royal Bank of Canada (TSX:RY) says.
And as the economy ...
For Rick Jamieson, CEO of a 135-employee maker of brake pads, the credit slowdown couldn't be starker.
“Fourteen years ago when we started up in business, the banks lent us huge sums of money, really just on a business plan,” says Mr. Jamieson, a ...
From GARY NORRIS,
Globe and Mail,
7 Jan 2009
