Provinces brush off market jitters as companies pass on bond issuance

Corporate issuance has taken a break amid increased volatility in global markets and spreads widening from a decade low.Richard Drew/AP Photo Canadian provinces and government-related issuers took a serene approach to the recent turmoil in global markets, carrying on with bond issuance even as companies have stayed away from the primary market. Canada Housing Trust …

Move over Big Mac: McDonald’s wants to become new Chicken King in ‘transformational’ poultry push

McDonald’s has already vowed to stop serving chicken with antibiotics and removed artificial preservatives from nuggets.Kiyoshi Ota/Bloomberg CHICAGO — Forget those old chicken patties. McDonald’s Corp. has a master plan to become the new Chicken King. Decades after adding chicken sandwiches to its menu, the Golden Arches has made becoming a “credible chicken player” one …

The cloud is the latest frontier in Walmart’s battle with Amazon for e-commerce domination

Walmart's online sales have been on a tear for the last three consecutive quarters, far outpacing wider industry growth levels.Scott Olson SAN BRUNO/SUNNYVALE, Calif. — One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields. These facilities, which cost Walmart …

Regulation is adapting to a world with cryptocurrencies and pot

Bitcoin, center and right, and Litecoin, left, are among the cryptocurrencies which use emerging technology.Luke MacGregor/Bloomberg Maybe it’s nothing more than the inevitable outcome when the creativity of issuers runs up against the objectives of the regulators — all of which makes the capital-raising business more complicated. In some cases that’s a good thing: operating …

Sears retirees seek trustee to help recoup part of $3 billion in dividends paid to shareholders

Sears Canada filed for insolvency in June 2017.Darren Makowichuk/Postmedia Network TORONTO — Sears Canada creditors could be a step closer in their attempt to recoup some of the $3 billion in controversial dividends paid out to the company’s shareholders — most notably, Sears Holdings Corp. chief executive Edward Lampert — years prior to the defunct retailer’s insolvency filing …

Canada should cut corporate tax rate, incentivize high-tech investments in wake of U.S. tax reforms: Mintz

Experts say the U.S. tax reform bill has considerably eroded Canada’s favourable corporate taxation position, giving the U.S. an edge.Peter J. Thompson/National Post MONTREAL — The Canadian government needs to shave a bit off the corporate tax rate and provide financial incentives for investments in artificial intelligence and robotics following U.S. tax reforms, says a …

A look behind Sherritt’s double financing victory

David Pathe, President and CEO of Sherritt InternationalPeter J. Thompson/National Post It looks like a classic win-win, now that the second part of a financing package unveiled one month back by Sherritt International has closed: the issuer raised more equity than originally intended and bought back more debt than anticipated — and at a slightly …