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Activist investor Carl Icahn.
Activist investor Carl Icahn.
(CHIP EAST/REUTERS)

How Canada stacks up in global shareholder activism

When it comes to global proxy battles, Canada is one of the hot spots, according to an annual report by London-based data provider Activist Insight.

Nine per cent more companies were publicly targeted by activist investors around the world in 2013 than a year earlier, the report noted. And although Canada makes up just 6 per cent of the 237 target companies tracked – compared to 71 per cent for the U.S. – the country has been referred to as the “promised land” for activist activity.