Rogers investors advised not to support heir Edward as chair
BNN Bloomberg
Rogers Communications Inc. investors shouldn’t vote in favour of the reappointment of Chairman Edward Rogers because there aren’t enough women on the telecommunications company’s board, two proxy advisory firms said.
Only three of 14 directors on this year’s director slate are women — short of the minimum target of 30 per cent set by proxy advisory firms Institutional Shareholder Services Inc. and Glass Lewis & Co.
In January, Martha Rogers and Melinda Rogers-Hixon stepped down from the board as part of a settlement to a long-running feud with Edward Rogers. The three are the children of late founder Ted Rogers; Edward holds sway over the company, which is Canada’s largest wireless provider and owns extensive cable television and sports assets.
Glass Lewis said shareholders should withhold their votes for three other directors as well as Rogers: Trevor English, Robert Gemmell and David Robinson. ISS advised withholding votes for English and real estate magnate Michael Cooper — in the latter case because it believes he’s on too many other boards.
Bank of Montreal said on Tuesday it plans to roll out tokenized cash capabilities in collaboration with CME Group and Google Cloud, as it seeks to meet rising demand for real‑time payments amid a global shift toward around‑the‑clock trading.
From rolled steel to kitchen cabinets, Canadian businesses hit by targeted U.S. tariffs are struggling to respond as the trade war drags into its second year.
Global benchmarks mostly rebounded Tuesday, in a mood of cautious relief after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war.
It’s that time of the year again, tax time, a time to file your annual return with the Canadian Revenue Agency.
Gold seen as overbought as Iran tensions ease, with falling oil prices lifting stocks and shifting investor sentiment toward risk assets.
Stock markets in Canada and the U.S. rallied after President Donald Trump said the United States has talked with Iran about a possible end to the war.
A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war.
A pipeline leak in Sarnia, Ont., has been located more than a week after a sheen reportedly turned up on the St. Clair River.
U.S. President Donald Trump on Monday said the U.S. was talking with a “respected” Iranian leader and claimed the Islamic Republic was eager for a deal to end the war. He also extended a deadline for Iran to reopen the crucial Strait of Hormuz or face attacks on its power plants, saying it has an additional five days.
Berkshire Hathaway, the conglomerate built by Warren Buffett, is buying a 2.49 per cent stake in Japanese insurer Tokio Marine Holdings for about US$1.8 billion as part of a new strategic partnership, deepening its financial commitment to Japan.
Relief is ripping through financial markets after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war, despite Iran’s denials.
Asset management giant BlackRock’s CEO Larry Fink urged clients to stay invested despite ongoing market volatility, and highlighted that artificial intelligence is reshaping investment strategies and the broader economy.