Stephen Jarislowsky, the billionaire investor who tangled with Conrad Black and Research In Motion Ltd. over corporate governance and fought to protect Canadian firms from foreign takeovers, will step down as head of the money management firm he co-founded almost six decades ago.
Robert Card spent his first day at the helm of SNC-Lavalin Group Inc. meeting with shareholders about the payments scandal that spawned criminal probes, chopped market value by 22 percent and spurred demands for management change at Canada’s largest construction company.
Canadian Tire Corp. Ltd., the country’s largest auto-parts and sporting-goods retailer, is planning to wring savings in contract talks with store dealers as competition looms from U.S. discount chain Target Corp.
Billionaire investor Stephen Jarislowsky prefers the bid for TMX Group Inc., which owns bourses in Toronto and Montreal, from a group of Canadian banks and pensions instead of London Stock Exchange Group Plc’s agreement to purchase the company.
BHP Billiton Ltd’s takeover of Potash Corp. of Saskatchewan Inc. would represent a “major loss” and a “mistake” for Canada, said Stephen Jarislowsky, chief executive officer of Jarislowsky Fraser Ltd., a money manager and Potash shareholder based in Montreal. Jarislowsky spoke in an interview today on BNN Television.