CGI believes it’s poised to take advantage of rising technology spending

CGI believes it’s poised to take advantage of rising technology spending
MONTREAL — Despite global business tensions, companies will continue to invest in technology and CGI Group Inc. is well-positioned to take advantage of the growing market, chief executive George Schindler said Wednesday. In his view, both consumers and other citizens want access to a more digital experience, prompting companies and governments to take action. “This is really not a situation where... Read More

Sprott backed Aben Resources at the International Precious Metals & Commodities Show

Sprott backed Aben Resources at the International Precious Metals & Commodities Show
MUNICH – The International Precious Metals & Commodities show will take place this Friday and Saturday in Munich. The conference, which has taken place since 2005, is exclusively dedicated to investments in precious metals and commodities, expecting both institutional and retail investors. Just like the years prior, exciting programs in collaboration with national and international speakers await attendees. Peter Spina, founder... Read More

MEC CEO David Labistour to step down in June after 11 years with the company

MEC CEO David Labistour to step down in June after 11 years with the company
VANCOUVER — Mountain Equipment Co-op’s chief executive office David Labistour will be stepping down from his role in June. The outdoor gear brand also known as MEC has not given a reason for Labistour’s forthcoming departure or announced who will replace him, but says he has spent 11 years at the company. Labistour became CEO in January 2008, but first joined the company... Read More

SaaS sector continues to grow; investors move in rapidly

SaaS sector continues to grow; investors move in rapidly
As the Software as a Service (SaaS) sector continues to gain traction and fills the headlines of some of the largest digital business publications – such as Forbes, TechInAsia, Investors.com – investors find themselves more and more attracted to learn and place their capital in the trending tech sector. SaaS technologies have been growing at a rapid rate over the... Read More

Parmalat to acquire Kraft’s natural cheese division for $1.62B

Parmalat to acquire Kraft’s natural cheese division for $1.62B
TORONTO — Parmalat Group says it has reached an agreement valued at $1.62 billion to acquire Kraft Heinz Canada’s natural cheese division. The deal would see Parmalat Canada take stewardship of the cheese brands Cracker Barrel, P’tit Quebec and Amooza. It would also include the purchase of Kraft’s Ingleside, Ont., processing plant, which employs nearly 400 people who would be transferred to Parmalat. The company says... Read More

U.S. stocks surge following midterm elections, Toronto stocks also gain ground

U.S. stocks surge following midterm elections, Toronto stocks also gain ground
TORONTO — The technology and consumer staples sectors helped Canada’s main stock index to increase in late-morning trading, while U.S. stocks surged higher in the wake of the midterm elections. The S&P/TSX composite index was up 44.96 points at 15,337.67. In New York, the Dow Jones industrial average was up 285.93 points at 25,920.94. The S&P 500 index was up... Read More

Randgold shareholders vote in favour of merger with Barrick Gold

Randgold shareholders vote in favour of merger with Barrick Gold
TORONTO — Shareholders of Randgold Resources Ltd. have voted in favour of a merger with Barrick Gold Corp. Randgold says just over 95 per cent votes cast were in favour of the deal, representing about 70 per cent of outstanding shares. The proposed combination, announced in September, will add gold mine properties in Mali, Senegal, Ivory Coast and the Democratic... Read More

Home Capital shares soar in Toronto on third-quarter profit beat

Home Capital shares soar in Toronto on third-quarter profit beat
TORONTO — Shares of Home Capital Group surged as much as 25 per cent after the alternative mortgage lender beat profit expectations for the third quarter. The Toronto-based company reported net income of $32.6 million during the three months ended Sept. 30, up from $30 million during same period a year earlier. Home Capital says the profit amounted to 41 cents... Read More

Imperial Oil going ahead with construction of $2.6B Aspen oilsands project

Imperial Oil going ahead with construction of $2.6B Aspen oilsands project
CALGARY — Imperial Oil Ltd. says it will go ahead with its $2.6-billion Aspen oilsands project. Construction will begin this year, with the project expected to start up in 2022. The Aspen project, located about 45 kilometres northeast of Fort McMurray, Alta., is expected to produce about 75,000 barrels of bitumen per day. It will use new oilsands recovery technology designed to lower... Read More