Domestic oil and natural gas producers are behind the best annual start in at least a decade for Canadian energy deals as companies such as Canadian Natural Resources Ltd. fill a void left by state-owned firms.
BlackBerry Ltd.’s withering smartphone business means potential acquirers will pick over its more alluring assets, including software and patents, which together may be worth about $5 billion, roughly in line with the company’s current market value.
National Bank of Canada, the country’s sixth-largest lender, said quarterly profit fell 4 percent on costs tied to acquisitions and severance. The firm raised its dividend 5.7 percent to 92 cents a share and announced a two-for-one stock split.
AGF Management Ltd. Chief Executive Officer Blake Goldring said Canada’s third-largest independent investment manager by market value plans to reverse a 35 percent plunge in assets by doubling business from institutional clients and introducing new products.