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'All Sorts Of Doors' Open As Blackberry Restructures Debt: Analyst

BlackBerry’s announcement that it will be restructuring its debt is “smart financial management,” one tech industry analyst says, CTV News reported. “It gives BlackBerry even more runway as it continues to manage its way through what’s become a very prot ...

Daily Headline - global.abi.org - 08/28/2016 - 18:24 - 0 comments

Venezuela Ordered To Pay Canadian Miner Rusoro More Than $1.2 Billion

An international arbitration tribunal has ordered Venezuela to pay a Vancouver-based mining company more than $1.2 billion ($1.5 billion Cdn.) for expropriating its gold mines. Venezuela took over Rusoro Mining’s investments in the country as part of a n ...

Daily Headline - global.abi.org - 08/23/2016 - 22:52 - 0 comments

CMHC Gave Maple Bank Green Light Before Insolvency

Canada's national housing agency gave Maple Bank GmbH's Canadian branch the green light during a financial review, just one month before the federal banking watchdog seized the company's assets amid a German tax investigation, documents sh ...

Daily Headline - global.abi.org - 08/18/2016 - 22:33 - 0 comments

Pacific Exploration Says Creditors Approve Restructuring Plan

Canadian oil producer Pacific Exploration & Production Corp said on Wednesday it a majority of its creditors approved a restructuring plan, which will help it emerge from bankruptcy, Reuters reported. The company had filed for creditor protection in ...

Daily Headline - global.abi.org - 08/17/2016 - 23:57 - 0 comments

Tervita to Seek New Credit After Debt Restructuring Complete

Tervita Corp., a Canadian provider of waste management services to the oil industry, plans to seek new credit after completing restructuring talks with lenders to slash its C$2.5 billion ($1.9 billion) worth of obligations, Bloomberg News reported. The c ...

Daily Headline - global.abi.org - 08/16/2016 - 22:38 - 0 comments

KPMG's M&A Digest - July 2016

May 5, 2016 – Timbercreek Mortgage Investment Corporation and Timbercreek Senior Mortgage Investment Corporation announced they have entered into an arrangement agreement to combine and create a leading non-bank commercial real estate lender. The company ...

Resource Article - twallace@abiwor... - 08/10/2016 - 11:08 - 0 comments - 0 attachments

IFRS Breaking News - July 2016

Revenue – Optimizing your transition to the new standard As the effective date of IFRS 15 is fast approaching, one key decision needs to be made soon – how and when to transition to the new standard. Identifying the optimal approach depends on a ...

Resource Article - twallace@abiwor... - 08/10/2016 - 11:05 - 0 comments - 0 attachments

LICAT, Evolving Insurance Regulation, Transformation in the industry, IFRS and more

Latest in Insurance June/July 2016 Welcome to the June/July issue of our monthly insurance newsletter. We have a particularly exciting variety of material for you this month starting with our latest global survey – Empowered for the future: Insur ...

Resource Article - twallace@abiwor... - 08/10/2016 - 11:04 - 0 comments - 0 attachments

The Brexit process, CIO survey and much more

Many banks have embraced the digital movement and are confident they are making strides to keep pace with emerging fintech competitors, according to a new banking report by KPMG LLP, the U.S. audit, tax and advisory firm. Read more. (Canada) ...

Resource Article - twallace@abiwor... - 08/10/2016 - 10:59 - 0 comments - 0 attachments

Valeant Posts a Loss, Says It Will Retool

Just a year after its stock rocketed to an all-time high, Valeant Pharmaceuticals International Inc. looks like an entirely different company, The Wall Street Journal reported. About $80 billion of the Canadian drugmaker’s market value has been erase ...

Daily Headline - global.abi.org - 08/09/2016 - 22:42 - 0 comments

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