Tag: bid

Canada’s Couche-Tard drops $35b Carrefour bid

“Food stuff safety is strategic for our region so that is why we do not offer a significant French retailer. My response is very apparent: We are not in favour of the offer. The no is well mannered but it truly is a very clear and closing no,” Le Maire explained.

Couche-Tard was hoping to win the government’s blessing by featuring commitments on the two jobs and France’s foods supply chain and by maintaining the merged entity shown in the two Paris and Toronto, with Carrefour manager Alexandre Bompard and his Couche-Tard counterpart Brian Hannasch major it as co-CEOs, one particular of the resources explained.

The approach involved a pledge to hold the new entity’s world-wide strategic functions in France and having French nationals on its board, he said.

Couche-Tard, encouraged by Rothschild, was also likely to pump about 3 billion euros of investments into the French retailer which was

Canada rejects Shandong Gold’s bid to buy Arctic gold mine

The Canadian governing administration has turned down Shandong Gold Mining’s bid to obtain Canada’s financial debt-saddled TMAC Means, the corporations said, with the Chinese miner including that the sale was blocked on nationwide stability grounds.

As the COVID-19 pandemic has induced economic dislocation, countries from Australia to Canada have enhanced scrutiny on bargains by point out-operate Chinese miners this calendar year.

In a filing to the Shanghai Stock Trade on Tuesday, Shandong Gold, 1 of China’s most important gold miners, mentioned it experienced gained see of a decision by Canadian authorities on Dec. 18 that it should really not commence with the offer.

In its have submitting late on Monday, TMAC also mentioned it been knowledgeable of this sort of an order underneath the Financial investment Canada Act.

Shandong Gold claimed in Might it would shell out C$230 million ($179 million) to receive TMAC, which operates the Doris mine in

Transat AT studies enormous loss in Q4 as shareholders weigh Air Canada takeover bid

MONTREAL – Transat AT Inc.’s shares fell by as considerably as 10 for each cent in intraday buying and selling on Monday, as the organization noted disappointing earnings results for its most current quarter.

The Montreal-primarily based tour operator capped an unparalleled calendar year by getting rid of $238.1 million attributable to shareholders in the fourth quarter, with revenues down a gorgeous 96 for each cent from the year prior to.

“No company is created to run at shut to zero earnings for nine months,” reported Jean-Marc Eustache, president and CEO of Transat, on a simply call with analysts Monday.

“The mere truth that we are still standing is attributable to how stable a balance sheet we experienced prior to the pandemic strike and how promptly we adjusted ourselves to shield our money.”

The earnings contact arrives a day in advance of Transat shareholders are scheduled to vote on a

Canada rejects bid by China’s Shandong for Arctic gold mine on security grounds

By Tom Daly and Jeff Lewis



a close up of a rock: FILE PHOTO: Gold nuggets are displayed at the PDAC annual conference in Toronto


© Reuters/CHRIS HELGREN
FILE Picture: Gold nuggets are shown at the PDAC annual convention in Toronto

(Reuters) -Canada rejected Shandong Gold Mining’s bid for indebted TMAC Assets, the providers claimed, amid issues about a Chinese point out-owned entity functioning in the country’s sensitive Arctic area.

Canada and Australia have elevated scrutiny on offers by condition-operate Chinese miners this 12 months amid economic dislocation induced by the coronavirus pandemic.

Ottawa’s decision could additional strain Canadian-Chinese relations, already destroyed by Canada’s December 2018 arrest of Huawei Technologies Co Ltd Main Economical Officer Meng Wanzhou at the request of the United States.

“There were fears about a Chinese condition-owned business using over a mine in the considerably north and it was eventually turned down,” an Ottawa resource familiar with the matter reported on Tuesday. The supply declined to say what those people worries had been.

Shandong Gold,

Canada rejects Shandong Gold’s bid to purchase Arctic gold mine

Chinese miner planned to purchase TMAC Sources for C$230 mln

Canada had been conducting countrywide stability evaluate of the offer

Adds TMAC statement, background

Dec 22 (Reuters)The Canadian govt has turned down Shandong Gold Mining’s bid to get Canada’s TMAC Resources TMR.TO, the companies mentioned, with the Chinese miner introducing that the sale was blocked on countrywide safety grounds.

As the COVID-19 pandemic has prompted financial dislocation, nations around the world from Australia to Canada have enhanced scrutiny on deals by point out-operate Chinese miners this calendar year.

In a filing to the Shanghai Stock Exchange on Tuesday, Shandong Gold 600547.SS, 1787.HK, just one of China’s biggest gold miners, reported it experienced been given notice of a choice by Canadian authorities on Dec. 18 that it need to not continue with the offer.

In its individual filing late on Monday, TMAC also explained it

Federal government plans international purchasers tax in bid to make very affordable housing

TORONTO — The Liberal govt states it will take methods around the next calendar year to tax international home owners who dwell outside of Canada as aspect of a program to decreased housing price ranges.

It really is an notion that has been developing in acceptance in excess of the final handful of many years in provinces this sort of as British Columbia, Ontario and Prince Edward Island, but some authorities problem how helpful these types of a program would be.

In this week’s fiscal update, the government says the system will profit 1st-time homebuyers and place a lot more properties on the market place by taxing home owners who use Canada to passively keep prosperity in housing.

Primary Minister Justin Trudeau reported very last yr his government would introduce these a tax, praising a very similar measure in British Columbia during his most the latest election marketing campaign.

The

Government strategies international customers tax in bid to make inexpensive housing

TORONTO — The Liberal government states it will acquire actions in excess of the next calendar year to tax foreign home owners who stay exterior of Canada as element of a strategy to reduced housing charges.

It is an idea that has been increasing in reputation about the past couple several years in provinces such as British Columbia, Ontario and Prince Edward Island, but some gurus issue how effective such a approach would be.

The federal government states the plan will gain first-time homebuyers and place extra properties on the current market by taxing property owners who use Canada to passively store wealth in housing.

Tsur Somerville, an associate professor at the Sauder College of Organization at the College of British Columbia, states international consumers are not a nationwide difficulty for household affordability, pointing to Canadian trip locations that inspire visitor paying.

Andrey Pavlov, professor of finance at the Beedie

Liberals strategy foreign purchasers tax in bid to develop economical housing

In this week’s fiscal update, the govt suggests the system will benefit initial-time homebuyers and place additional houses on the marketplace by taxing householders who use Canada to passively retailer wealth in housing.

Primary Minister Justin Trudeau stated last yr his governing administration would introduce such a tax, praising a identical evaluate in British Columbia through his most recent election marketing campaign.

The B.C. federal government mentioned previous yr its speculation and vacancy tax raised $115 million, paid out mainly by owners centered abroad, with Finance Minister Carole James crediting the tax as a factor powering the 5.6% tumble in residence prices in the very first element of 2019.

Tsur Somerville, an associate professor at the Sauder College of Organization at the University of British Columbia, explained that while price ranges did drop in the Vancouver space soon after the introduction of overseas buyers’ taxes, the plan is not a

Governing administration designs international customers tax in bid to create reasonably priced housing

TORONTO – The Liberal govt states it will just take steps about the up coming 12 months to tax international owners who dwell outside of Canada as part of a plan to reduce housing prices.

It is an idea that has been rising in recognition about the very last several decades in provinces these as British Columbia, Ontario and Prince Edward Island, but some industry experts dilemma how efficient this sort of a approach would be.

In this week’s fiscal update, the authorities says the strategy will profit initially-time homebuyers and place much more residences on the market place by taxing home owners who use Canada to passively retail outlet prosperity in housing.

Key Minister Justin Trudeau mentioned previous year his government would introduce this sort of a tax, praising a very similar evaluate in British Columbia during his most the latest election marketing campaign.

The B.C. federal government explained

Transat AT reviews huge decline in Q4 as shareholders weigh Air Canada takeover bid

By Jon Victor, The Canadian Press on December 14, 2020.

Air Transat self service examine-in kiosks are seen at Montreal-Trudeau Intercontinental Airport in Montreal, on Friday, July 31, 2020. THE CANADIAN Press/Paul Chiasson

MONTREAL – Transat AT Inc.’s shares fell by as substantially as 10 for each cent in intraday investing on Monday, as the firm noted disappointing earnings final results for its most up-to-date quarter.

The Montreal-based tour operator capped an unprecedented calendar year by shedding $238.1 million attributable to shareholders in the fourth quarter, with revenues down a spectacular 96 per cent from the year ahead of.

“No firm is developed to operate at shut to zero profits for 9 months,” explained Jean-Marc Eustache, president and CEO of Transat, on a connect with with analysts Monday.

“The mere fact that we are even now standing is attributable to how reliable a stability sheet we experienced prior to the