Economy of Ontario

OMERS Infrastructure Agrees to Purchase 19.4% Stake in Azure Power

Retrieved on: 
Friday, July 30, 2021
Articles, Economy of Ontario, OMERS, ONTARIO, Azure Power, Renewable energy

Founded in 2008, Azure Power is a leading independent renewable power producer located in India, with an asset base of ~2 GW of operational capacity and ~5 GW of capacity under construction or awarded.

Key Points: 
  • Founded in 2008, Azure Power is a leading independent renewable power producer located in India, with an asset base of ~2 GW of operational capacity and ~5 GW of capacity under construction or awarded.
  • This agreement to invest in Azure Power demonstrates OMERS strong global interest in high-quality renewable power and energy transition assets, as well as our interest in India as an investment destination and Asia-Pacific more broadly, said Annesley Wallace, Executive Vice President and Global Head of OMERS Infrastructure.
  • OMERS is proud to be working with the management and our fellow investors to help Azure Power achieve its goals, said Prateek Maheshwari, Managing Director, Asia, OMERS Infrastructure.
  • Ambit Private Limited acted as financial advisor to OMERS Infrastructure.

Kinross receives approval for share buyback program

Retrieved on: 
Wednesday, July 28, 2021
Kinross Gold, S&P/TSX 60, Mining, Financial markets, Economy of Ontario, Share repurchase, Dividend, Toronto Stock Exchange, Tasiast Gold Mine, Chirano Gold Mine

TORONTO, July 28, 2021 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross” or the “Company”) (TSX: K, NYSE: KGC) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to establish a normal course issuer bid (“NCIB”) program.

Key Points: 
  • TORONTO, July 28, 2021 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (Kinross or the Company) (TSX: K, NYSE: KGC) is pleased to announce that the Toronto Stock Exchange (the TSX) has accepted the notice filed by the Company to establish a normal course issuer bid (NCIB) program.
  • Kinross is committed to enhancing shareholder returns through programs such as a share buyback and its quarterly dividend, which are underpinned by the Companys investment grade balance sheet, strong free cash flow and growing production profile from its global portfolio.
  • This strong foundation places Kinross in an excellent position to continue generating substantial value for its shareholders.
  • Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Intact Financial Corporation Chief Executive Officer Charles Brindamour to hold Virtual Fireside Chat with CIBC

Retrieved on: 
Wednesday, July 28, 2021
Insurance, Intact Financial, Finance, Economy of Ontario, Canadian Imperial Bank of Commerce, Toronto Stock Exchange, General insurance, Intact

TORONTO, July 28, 2021 /CNW/ - Charles Brindamour, Chief Executive Officer of Intact Financial Corporation (TSX: IFC), will join CIBC Analyst, Paul Holden in a virtual fireside chat to discuss the company's second quarter results, on Thursday, July 29, 2021 at 11:00 AM ET.

Key Points: 
  • TORONTO, July 28, 2021 /CNW/ - Charles Brindamour, Chief Executive Officer of Intact Financial Corporation (TSX: IFC), will join CIBC Analyst, Paul Holden in a virtual fireside chat to discuss the company's second quarter results, on Thursday, July 29, 2021 at 11:00 AM ET.
  • The full video webcast replay will be archived in the Events and Presentations section of Intact Financial Corporation's website following the event.
  • Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty (P&C) insurance in Canada, a leading provider of global specialty insurance, and, with RSA, a leader in the U.K. and Ireland.
  • In Canada, Intact distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly-owned subsidiary BrokerLink, and directly to consumers through belairdirect.

Brookfield Infrastructure Partners Submits Written Consent to the TSX as Evidence of Brookfield Infrastructure Corporation Security Holder Approval of the Inter Pipeline Ltd. Offer and Share Issuance

Retrieved on: 
Tuesday, July 27, 2021
Brookfield Asset Management, Brookfield Infrastructure Partners, Toronto Stock Exchange, Economy of Ontario, Economy of Canada, Toronto

This written consent satisfies the BIPC security holder approval requirement of the TSX.

Key Points: 
  • This written consent satisfies the BIPC security holder approval requirement of the TSX.
  • The Offer is being effected at arms length and the issuance of BIPC Shares is not expected to materially affect control of BIPC.
  • The BIPC Share Issuance and the Offer are expected to close not earlier than five (5) business days after dissemination of this press release.
  • Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.

CIBC and CIBC Asset Management Launch a New Suite of Sustainable ETFs on the NEO Exchange

Retrieved on: 
Monday, July 19, 2021
Finance, Energy, Environment, Professional services, Other Energy, Economy of Toronto, Finance, Canadian Imperial Bank of Commerce, S&P/TSX 60, Economy of Ontario, NEO Exchange, Exchange-traded funds, CIBC Mellon, the NEO Exchange, CIBC, CIBC Asset Management (CIBC AM), THE NEO EXCHANGE, CIBC, CIBC ASSET MANAGEMENT (CIBC AM)

NEO is proud to welcome CIBC Asset Management (CIBC AM), the asset management subsidiary of CIBC, for their first-ever listings on the NEO Exchange with the launch of six actively managed, sustainable ETFs.

Key Points: 
  • NEO is proud to welcome CIBC Asset Management (CIBC AM), the asset management subsidiary of CIBC, for their first-ever listings on the NEO Exchange with the launch of six actively managed, sustainable ETFs.
  • David Stephenson, Head of ETF Strategy at CIBC Asset Management shared his own sentiments about the ETF launch: Launching innovative solutions requires partnering with innovators.
  • We are honoured that CIBC and CIBC Asset Management chose the NEO Exchange as their preferred listing partner for this suite of ETFs.
  • CIBC AM, the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors.

Sienna Announces July Dividend

Retrieved on: 
Thursday, July 15, 2021
Sienna Senior Living, Toronto Stock Exchange, Economy of Canada, Economy of Ontario, Corporate finance, Dividends

MARKHAM, Ontario, July 15, 2021 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (Sienna or the Company) (TSX: SIA) today announced a dividend of $0.078 per common share of the Company (each, a Common Share) for the month of July 2021, representing $0.936 per Common Share on an annualized basis.

Key Points: 
  • MARKHAM, Ontario, July 15, 2021 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (Sienna or the Company) (TSX: SIA) today announced a dividend of $0.078 per common share of the Company (each, a Common Share) for the month of July 2021, representing $0.936 per Common Share on an annualized basis.
  • The dividend will be payable on August 13, 2021 to shareholders of record as at July 30, 2021.
  • Sienna Senior Living Inc. (TSX:SIA) offers a full range of seniors living options, including independent living, assisted living, long-term care, and specialized programs and services.
  • Siennas approximately 13,000 employees are passionate about helping residents live fully every day.

Globex Sells Tarmac Gold Property to Wesdome

Retrieved on: 
Monday, July 12, 2021
Wesdome Gold Mines, Mining, Rouyn-Noranda, Economy of Ontario, Noranda, GMX

ROUYN-NORANDA, Qubec, July 12, 2021 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX Toronto Stock Exchange, G1MN Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF OTCQX International in the US) is pleased to inform shareholders that it has sold its Tarmac Gold Property (the Property) located in Dubuisson Township, Quebec to Wesdome Gold Mines Ltd. (WDO-TSX)(Wesdome) for one million dollars ($1,000,000) and a 1% Gross Metal Royalty.

Key Points: 
  • ROUYN-NORANDA, Qubec, July 12, 2021 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX Toronto Stock Exchange, G1MN Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF OTCQX International in the US) is pleased to inform shareholders that it has sold its Tarmac Gold Property (the Property) located in Dubuisson Township, Quebec to Wesdome Gold Mines Ltd. (WDO-TSX)(Wesdome) for one million dollars ($1,000,000) and a 1% Gross Metal Royalty.
  • The Property consists of 6 claims covering 94 hectares located entirely within Wesdomes Kiena Mine Complex and less than 2 kilometers northeast of the Kiena underground mine, all located beneath Lac De Montigny.
  • Globex has maintained the Property since the 1996 drilling program due to the evident economic potential.
  • The Property is surrounded on all sides by Wesdome claims, thereby positioning the company to facilitate the potential exploration and advancement of these claims.

Hydro One Second Quarter 2021 Results Release August 10, 2021 Before Markets Open

Retrieved on: 
Monday, July 12, 2021
Economy of Ontario, ONTARIO, Ontario electricity policy, Hydro One, Ontario Hydro, Economy of Toronto, Economy of Canada, New York Stock Exchange, Toronto Stock Exchange

ET

Key Points: 
  • ET
    TORONTO, July 12, 2021 /PRNewswire/ - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its second quarter financial results the morning of August 10, 2021 before North American financial markets open.
  • A summary of the results will be distributed by newswire and the complete MD&A and financial statements will be posted at hydroone.com/investors and www.sedar.com .
  • Hydro One's management will host a teleconference with the investment community at 8 a.m.
  • Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE.

United Engineers & Constructors Joint Venture, The Steam Generating Team, Awarded Steam Generator Replacement Contract for Units 3 and 4 at Bruce Nuclear Generating Station

Retrieved on: 
Friday, July 9, 2021
Engineering, Other Energy, Utilities, Environment, Manufacturing, Energy, Nuclear, Nuclear power stations, Électricité de France, Nuclear technology, Bruce Nuclear Generating Station, OMERS, Ontario Power Generation, Ontario electricity policy, Framatome, Economy of Ontario, Bruce Power, Electric generator, Power station, United, Framatome, UNITED, FRAMATOME

The Steam Generating Team (SGT), a partnership between Framatome and United Engineers & Constructors, Inc. (United), recently announced that the Steam Generator Replacement Team (SGRT) was awarded an approximately CA$350 million (US$284 million) contract with Bruce Power to replace steam generators at Units 3 and 4 of the Bruce Nuclear Generating Station in Ontario, Canada.

Key Points: 
  • The Steam Generating Team (SGT), a partnership between Framatome and United Engineers & Constructors, Inc. (United), recently announced that the Steam Generator Replacement Team (SGRT) was awarded an approximately CA$350 million (US$284 million) contract with Bruce Power to replace steam generators at Units 3 and 4 of the Bruce Nuclear Generating Station in Ontario, Canada.
  • With our partners at SGRT, we are proud to support Bruce Power on its Major Component Replacement Project and its continued delivery of reliable, low-carbon electricity.
  • In 2017, SGRT signed a long-term Preferred Supplier Agreement for steam generator replacements at the plants remaining five units as part of the Major Component Replacement Project.
  • www.ueci.com
    Framatome is an international leader in nuclear energy recognized for its innovative solutions and value added technologies for the global nuclear fleet.

First Quantum Provides Notice of Second Quarter 2021 Results

Retrieved on: 
Friday, July 9, 2021
Copper mining in the Democratic Republic of the Congo, First Quantum Minerals, S&P/TSX 60, Toronto Stock Exchange, Economy of Canada, Economy of Ontario, Companies

TORONTO, July 09, 2021 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (FQM or the Company) (TSX: FM) will release second quarter 2021 financial and operating results on Tuesday, July 27, 2021 after the close of the Toronto Stock Exchange.

Key Points: 
  • TORONTO, July 09, 2021 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (FQM or the Company) (TSX: FM) will release second quarter 2021 financial and operating results on Tuesday, July 27, 2021 after the close of the Toronto Stock Exchange.
  • The Company will host a conference call and webcast to discuss the results on Wednesday, July 28, 2021 at 9:00 am (ET).
  • Conference call and webcast details: