PrairieSky Royalty Ltd., the Encana Corp. unit that allows investors to share in oil and natural gas production payments, surged 32 percent in its trading debut, a gain that may spur others to separate operations.
Canadian investors are pulling money out of exchange-traded funds for a second year as concern grows that a rally in energy and mining that helped drive equities to the best performance among the world’s largest markets has run its course.
BlackBerry Ltd. co-founder Mike Lazaridis’s potential bid for the struggling smartphone maker would face a battle for financing with Canadian investor Prem Watsa, who’s looking to take it private with his own buyout.
BCE Inc. and Telus Corp. beat profit and subscriber forecasts while shares of the wireless carriers languish near lows for the year. Verizon Communications Inc.’s potential plans for Canada explain why.
Rona Inc., the home-improvement retailer with the lowest market valuation in North America, would give potential suitors the chance to profit as Canada’s economy adds new homes and jobs at the fastest pace in more than three years.
Ken Lewenza is stepping down as president of the Canadian Auto Workers as the union prepares to join with the Communications, Energy and Paperworkers Union of Canada to form a group representing more than 300,000 workers.