Report on Business - The Globe and Mail

At midday: TSX climbs on broad-based gains

At midday: TSX climbs on broad-based gains

snc-lavalin

SNC-Lavalin received billions in support from federal export agency

Export Development Canada issued SNC-Lavalin or its customers at least $2-billion in 19 loans since 2002, with at least $800-million coming after news broke of an RCMP investigation into alleged corruption

Trudeau says he only removed Wilson-Raybould from Justice Minister role due to cabinet shuffle

Prime Minister does not explain why it had been necessary to move her specifically

Must we save SNC-Lavalin? It depends which solitude’s side you’re on

The divide in public opinion on the scandal between Quebec and the rest of the country complicates what is already the biggest political controversy yet faced by Justin Trudeau

Konrad Yakabuski

Konrad Yakabuski

utilities

Hydro One chair defends compensation plan after province rejects CEO pay proposal

Hydro One chairman Tom Woods says the pay package is necessary to attract top candidates

Ontario government rejects Hydro One’s proposal for CEO pay of up to $2.775-million

Under the Hydro One Accountability Act passed last August, the provincial government − which owns 47 per cent of Hydro One − must approve the utility’s compensation plan

He’s a smart guy – so why didn’t Hydro One’s CEO see Doug Ford coming?

Mayo Schmidt never seemed to believe that Ford would follow through on his threat; he thought – wrongly – that Ford could be reasoned with

Cannabis

Aphria reveals some directors in Latin American acquisition had ‘conflicts’

Aphria’s special committee said the purchase price was in line with similar acquisitions made by its competitors, but made no mention of pursuing legal options against the short-sellers

SEC, OSC examine short-sellers’ tactics

The U.S. Securities and Exchange Commission has been meeting with companies that allege they have been victimized by the practice, while the Ontario Securities Commission is engaged in dialogue with ‘several knowledgeable parties to discuss allegations of abusive short-selling’

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Featured

Duplex-conversion projects running into red tape

Business Briefing The heady days are clearly over: A 5-year forecast for house prices in 33 Canadian cities

ETF Rob Carrick’s 2019 ETF Buyer’s Guide: Best bond funds

Tax Matters Take heed of the 80-per-cent rule this RRSP season Tim Cestnick

Tim Cestnick

Friday’s analyst upgrades and downgrades

Tax Matters Take heed of the 80-per-cent rule this RRSP season Tim Cestnick

Tim Cestnick

Top Links ‘What has Mr. Buffett been buying (and selling) lately?’

The week’s most oversold and overbought stocks on the TSX Scott Barlow

Scott Barlow

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BMO hires Scott Brison for senior investment banking role Former president of the Treasury Board takes to become vice-chair in corporate and investment banking

Canaccord Genuity acquires U.S. boutique dealer for $60-million Petsky Prunier offers merger and acquisition advisory services to mid-sized companies in the technology, internet, media and health-care sectors

Canaccord Genuity Group Inc.

Lexpert: Lawyers discuss Namaska Lithium’s complex $1.1-billion financing Nemaska Lithium’s $1.1-billion financing required a ‘staggering’ number of agreements

Lexpert roundup: Morgan Stanley to buy Solium Capital; Brookfield eyes India’s Reliance Industries; Lyft founders to increase voting control

Canada’s banking regulator relaxes new deposit rules amid industry outcry The new rules still target banks and mortgage lenders that attract large volumes of deposits from unaffiliated brokers

REUTERS

Invest Like a Legend: The world’s best investors reveal how to make money in 2019 Welcome to our annual guide to making money. This year, we talked to Bay Street powerhouse Kiki Delaney about the trials of value investing, low-fee evangelist Burton Malkiel on the enduring legacy of his investing classic, master of emerging markets Mark Mobius on why good governance pays off, and Fidelity’s Joel Tillinghast on why the future is small-cap.

The $450,000 car Ford still builds by hand in Ontario The good news: Ford is making 350 more of its sleek GTs. The bad news: There are thousands already on the waiting list

Donald Trump’s ‘blame the Fed’ game gets dangerous The President says the Federal Reserve is responsible for everything from the market slump to plant closings at GM. It’s an easy scapegoat, perhaps, but can the Fed maintain its credibility? Brian Milner

TD’s Bharat Masrani on managing through chaos and his bank’s bright future Masrani helped Canada’s second-largest bank weather the storms of 2008. Can he keep his cool for what’s coming in 2019?

No bargains allowed: Why is the Competition Bureau going after WestJet for cutting prices? In Canada, where flights are among the most expensive in the world, this is the last thing the bureau should be investigating Rita Trichur

Download the February 2019 edition of Report on Business magazine Read the full issue, exclusively for subscribers

From the archives: The inside story of SNC-Lavalin’s Gadhafi disaster In 2012, Canadian and Swiss authorities zeroed in on a jet-setting SNC-Lavalin executive accused of bribes in Libya. The Globe and Mail’s Greg McArthur and Graeme Smith untangled his complicated story

Power Outage: Inside the epic battle between Doug Ford and Hydro One Doug Ford vowed that if he were elected Ontario Premier, it would be lights out for Hydro One CEO Mayo Schmidt. So why didn’t an experienced operator like Schmidt see what was coming?

TD’s Bharat Masrani on managing through chaos and his bank’s bright future Masrani helped Canada’s second-largest bank weather the storms of 2008. Can he keep his cool for what’s coming in 2019?

Invest Like a Legend: The world’s best investors reveal how to make money in 2019 Welcome to our annual guide to making money. This year, we talked to Bay Street powerhouse Kiki Delaney about the trials of value investing, low-fee evangelist Burton Malkiel on the enduring legacy of his investing classic, master of emerging markets Mark Mobius on why good governance pays off, and Fidelity’s Joel Tillinghast on why the future is small-cap.

Invest Like a Legend: Kiki Delaney

Latest Business news

Aphria reveals some directors in Latin American acquisition had ‘conflicts’ February 15

PepsiCo says higher advertising costs, new product investments will dent profit this year February 15

Aphria says review reveals conflict of interest of some directors in Latin American acquisition February 15 Updated

Eight Vale employees arrested over deadly dam disaster February 15 Updated

Cineplex profit drops as theatre attendance declines February 15 Updated

Could Trump’s next trade move be a tariff on imported cars? February 15 Updated

Urban Mobility Who should fuel the EV revolution? February 15

Leadership Lab How to get passion out of your work Nina Spencer February 15

Business video

Hustle in the oil patch: How large oil companies shed millions from their books A booming trade of unprofitable oil and gas wells in Western Canada is allowing companies to evade cleanup costs. Just a few years after the oil boom, energy companies are shedding distressed wells in Alberta, B.C. and Saskatchewan for next to nothing. And it’s going virtually unchecked by regulators. Who will pay to clean it up? Visit tgam.ca/wells for more (for subscribers).

Vale tailings dam breaks in Brazil, no deaths reported Neighbors of an iron ore mine belonging to Brazilian miner Vale SA were evacuated on Friday in southeastern Minas Gerais state, when a tailings dam ruptured, pouring out mud into the surrounding area, the company and authorities said. Rough Cut (no reporter narration).

The life cycle of a marijuana plant Step inside the Ontario facilities of a licensed pot producer and see the various life stages of cannabis – from seedling to flower to processing and packaging.

Carrick Talks Money: It's okay to spend some savings during your healthiest retirement years The Globe's Rob Carrick has always stressed saving for retirement, but given the limited period of peak health after age 65 it's important to spend wisely and enjoy yourself.

Carrick Talks Money: Bonds not doing it for you? Try these alternatives Personal finance columnist Rob Carrick offers some ideas for conservative investors in a rising interest rate world

Carrick Talks Money: What is F.I.R.E.? Be prepared to save your brains out Independent Financial Adviser, Darryl Brown, answers some reader questions with Rob Carrick on one of the newest retirement planning strategies called F.I.R.E., Financial Independence Retire Early.

How to manage your home equity line of credit Personal finance columnist Rob Carrick outlines the best ways to manage a home equity line of credit. Rob says that figures suggest too many Canadians are using a line of credit as an ATM to fund lifestyle purchases such as electronics.

In case you missed it

The curious case on Toronto’s Bay Street: $500,000 Super Bowl pot goes missing

Doughnut dynasty: The high school dropout turned billionaire force behind Tim Hortons

Streetwise Battered oil patch could face further financial woes after Supreme Court cleanup ruling

Crypto chaos: From Vancouver to Halifax, tracing the mystery of Quadriga’s missing millions

Friday’s small-cap stocks to watch

The brief, shining moment of rising rates for savers and conservative investors is over Rob Carrick

Getty Images/iStockphoto

Investor Newsletter Why profit margins could unexpectedly impress investors, the two oversold stocks on the TSX, and the outlook turns brighter for oil

Telus warns of cost of possible Huawei ban

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Montreal developer pulls condo marketing campaign after Indigenous community protests

Food industry outcry reshapes children’s ad rules

Small Business Resource Centre Dazzling or simple? The best website for your small business

International Business

Shell buying German solar battery company sonnen

U.S. retail sales post largest drop since 2009, while unemployment claims rise

China offers to end market-distorting subsidies but won’t say how

North American Trade Hit by a surprise U.S. tariff, this is what Toronto exporter Giant Containers did

Financial tech firms hopeful federal reforms will force banks to share client data

Report on Small Business Newsletter: New ‘use-it-or-lose-it’ parental leave poses challenges for businesses

LEADERSHIP LAB Soft skills needed in the technology sector too

Power Points Seeking replenishment after a busy week? Treat your weekend like a vacation

How your core values can guide you in your daily decisions

ROB Features

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