Canadian Pacific Railway Ltd. surged the most in six months after reporting first-quarter profit that beat analysts’ estimates, as a drop in benefits and compensation spending helped blunt weather-related costs.
Bank of Montreal, which advised on deals involving two Canadian premier hockey teams in the past five years, is targeting North America’s sports industry to bolster its U.S. mergers-and-acquisitions business.
The U.S. Securities and Exchange Commission won a freeze on the assets of John Babikian, a Bugatti-driving man originally from Montreal, who regulators say operated a “pump-and-dump” scheme using penny-stock websites.
To those who were expecting rising bond yields by now, you’re in good company. The fits and starts in economic growth has primary dealers grasping at straws for the moment, as Lisa Abramowicz and Daniel Kruger report today.
Kevin Tychon joined Canadian Imperial Bank of Commerce in Calgary as director of investment banking from Cormark Securities Inc., according to Vlaad and Co., a Toronto-based financial services recruiting firm.