Doug Alexander
Financial Post
Toronto, ON, Canada
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Past articles by Doug:
Iconic Canadian space company is returning to the stock market
Article content The Canadian space technology firm best known for developing the robotic arm used on the International Space Station aims to raise $500 million in its stock market return. MDA Ltd. is looking to sell 25 million to 31.25 million shares for between $16 and $20 each in an initial public offering in Canada, the company said Monday in a regulatory filing. The Brampton, Ontario-based… → Read More
Topaz slips in TSX debut after completing biggest Canadian energy IPO since 2017
Article content Topaz Energy Corp. shares fell abut 0.5 per cent in its Toronto Stock Exchange trading debut after completing Canada’s biggest energy initial public offering in three years. Shares of the Calgary-based royalty and energy infrastructure traded at $12.94 at 12:18 pm on an “if, as and when issued basis,” slightly below its $13 IPO price. Topaz Energy and Tourmaline Oil Corp., its… → Read More
IGM Financial hires James O’Sullivan as CEO as Jeff Carney steps down
Carney stepping down after being diagnosed with Alzheimer's disease → Read More
Canadian payment firm Nuvei files for IPO in surging tech market
Public offering expected to boost $2 billion valuation → Read More
CIBC pares virus impact with 67% surge in capital markets profit
Earnings at the bank's CIBC Capital Markets division climbed 67 per cent to $392 million → Read More
Scotiabank misses expectations as loan loss provisions hit new high
Bank of Nova Scotia is setting aside more money than planned for souring loans → Read More
Workers strike at Loblaw's Dominion stores in Newfoundland
About 1,400 unionized workers at 11 Dominion grocery stores are on strike → Read More
Canadian banks are about to report one of the worst quarters in modern banking history
Profits expected to plunge for a second straight quarter, but there are signs of improvement → Read More
Sun Life nears deal to buy Crescent Capital
Crescent, based in Los Angeles, invests in bank loans, high-yield bonds and other debt securities → Read More
Sun Life becomes latest company to keep workers home for the rest of 2020
Insurer cites uncertainty surrounding COVID-19 coupled with rising cases and parents grappling with decisions about sending children back to school → Read More
Royal Bank of Canada follows Scotiabank, TD in telling staff to work from home into 2021
Bank says a small number of employees may return in September, but most to stay at home → Read More
Scotiabank headquarters employees to work from home until 2021
Scotiabank will let a small number of head-office employees return earlier, mostly in its capital-markets division → Read More
RBC signs solar-power agreement in a first for a Canadian bank
Agreement will support construction of two solar farms in southeast Alberta → Read More
Torstar deal hits snag as judge hears rival bidder’s objection
Lawyers cite concerns about disclosure and ‘misleading’ information on the counter proposal → Read More
Activist investor Eric Rosenfeld seeks seat on Canaccord Genuity board
Canaccord Genuity also nominated Gillian Denham, a former executive at Canadian Imperial Bank of Commerce, for a director position → Read More
Toronto Star takeover clears competition hurdle
Competition Bureau clears Torstar Corp. takeover, financed by a firm that also backs other newspaper and media companies → Read More
Torstar takeover bid prompts investor complaints to securities regulator
Torstar accepted a sweetened $60 million takeover offer from NordStar Capital on July 11 after receiving an unsolicited bid from an investor group earlier that week → Read More
BMO says 80% of its employees may switch to blended home-office work
Bank made a sweeping reappraisal of workplace policies after it found being in the office was not essential to getting things done → Read More
Canoe Financial Seals Deal for Fiera Mutual Fund Assets
(Bloomberg) — Canadian investment firm Canoe Financial LP said it will acquire the rights to manage retail mutual funds from Fiera Capital Corp. in a deal encompassing about C$1.14 billion ($820 million) in assets. → Read More
Built in Weeks, Relief System for Canadian Businesses Goes Live
For Canada’s small businesses, this is the first day they can tap their banks for interest-free loans under a C$25 billion ($18 billion) government relief program meant to counter disruptions from the coronavirus pandemic. For Andrew Irvine, it will be a test. → Read More