JHVEPhoto Royal Bank of Canada (NYSE:RY), or RBC for short, will split one of its operating units into two and reshuffle some of its top executives as it seeks to spark its next phase of growth, the bank said on Thursday. RBC will separate its Personal & Commercial Banking intoContinue Reading
flowersandclassicalmusic/iStock via Getty Images Major U.S. streaming players are pressing a Canadian court to intervene in Canada’s plans to compel them to turn over 5% of their in-country sales to fund local broadcast news. The Motion Picture Association-Canada — the trade group representing streamers including Disney (NYSE:DIS), Netflix (NASDAQ:NFLX), Paramount+Continue Reading
BeyondImages/iStock via Getty Images Teck Resources (NYSE:TECK) +2.4% pre-market Friday after Canada’s government approved Glencore’s (OTCPK:GLCNF) (OTCPK:GLNCY) US$6.9B acquisition of a 77% stake in Teck’s metallurgical coal business. Industry Minister Francois-Philippe Champagne said Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) accepted several conditions to protect local jobs and keep executive offices in western Canada,Continue Reading
Pendopharm, a division of Pharmascience, said it has signed an exclusive distribution agreement with Denmark-based biopharmaceutical company Ascendis Pharma A/S (ASND). Under the terms of the agreement, Pendopharm is responsible for regulatory approval and commercialization of Ascendis’ hypoparathyroidism treatment TransCon PTH in Canada. Financial terms of the agreement are not disclosed.Continue Reading
olddays UBS assigned buy ratings to Royal Bank of Canada (RY)(RY:CA) and National Bank of Canada (NA:CA)(OTCPK:NTIOF) as it initiated coverage of Canadian banks, saying it’s “cautiously optimistic” about the Big Six group of lenders in the country. Canada’s macro picture looks “challenging” with slow economic growth, rising unemployment andContinue Reading
Alvin Man Air Canada (TSX:AC:CA) Tuesday reported an agreement with BOC Aviation Limited for the placement of eight Boeing 737-8 aircraft. “We look forward to these aircraft entering into service next year, upon the completion of some required modifications,” said Michael Rousseau, President and Chief Executive Officer of Air CanadaContinue Reading
Sundry Photography/iStock Editorial via Getty Images Walmart Canada became the first major retailer in Canada to introduce a hydrogen fuel cell electric semi-truck to its fleet, with the Nikola Hydrogen Fuel Cell EV Class 8 tractor now on the road. The Nikola Hydrogen Fuel Cell EV Class 8 tractor hasContinue Reading
Scott Barbour/Getty Images News Shell (NYSE:SHEL) said Wednesday it made a final investment decision to build two carbon capture and storage projects in Canada, citing the projects as important steps in reducing emissions from its operations. Shell (SHEL) said the Polaris carbon capture project at the Shell Energy and ChemicalsContinue Reading
tylim Health Canada has authorized Eli Lilly’s atopic dermatitis treatment Ebglyss (lebrikizumab). The biologic is a first-line therapy for those 12 years and older. Ebglyss is given every four weeks, and trials showed that skin clearance and itch relief was seen as soon as four weeks. Ebglyss was approved inContinue Reading
