Ontario Revamps Financial Regulatory Companies

Referring to a call for modernization, the Finance Minister of Ontario revealed on Tuesday the government’s plan to overhaul some of the financial regulatory bodies in the province to create a new watchdog with its center of attention on consumers.

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Ontario overhauling on Finance

Ontario government is overhauling with some of the financial regulatory bodies.

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The Trendlines Group Ltd. Files Final Prospectus and Announces Pricing for Initial Public Offering of Ordinary Shares

The Trendlines Group Ltd. ("Trendlines" or the "Company") has filed a final prospectus with the securities regulatory authorities in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba and Nova Scotia in connection with the initial public offering (the "Offering") of its ordinary shares. A copy of the final prospectus is available on the SEDAR website at www.sedar.com.

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Canadian social reading community Wattpad pockets $48M in Series C funding

Ontario, Canada-based social reading community Wattpad pocketed $48 million in its Series C funding from its existing investors to expand its workforce and develop its product.

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CRIBE invests C$1.5M to increase capacity of Ensyn's biofuels facility in Canada

Ontario, Canada-based non-profit research organiztion Centre for Research and Innovation in the Bio-Economy (CRIBE) invested C$1.5 million to increase the annual capacity of renewable liquid fuels producer Ensyn Technologies from 3 million liters to 13 million liters.

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Kitchener to shell out $1M to provide offices for new local startups

Councillors of the city of Kitchener in Ontario, Canada have agreed to shell out $1 million for the next five years to help owners of underused spaces turn their properties into a new landing pad fro startups just out from incubators.

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BBM executive Andrew Bocking exits BlackBerry

Andrew Bocking, the Executive Vice President of BBM, exited Ontario, Canada-based smartphone and enterprise software maker BlackBerry, with the said division to be folded into Global Enterprise Solutions under the leadership of John Sims.

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Principal of Ontario's CleanTech steps down, exits stake to avoid conflict

Andrew Horsman, the principal of Canada-based green technology firm CleanTech Capital Inc resigned and is exiting his stake after the investment was reported by the Star, to avoid conflict of interest with his position as the head of the tire recycling programs in Ontario.

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Ontario Premier Kathleen Wynne introduces Northleaf Venture Catalyst Fund

Ontario Premier Kathleen Wynne has unveiled a new public-private venture capital fund known as Northleaf Venture Catalyst Fund for the province's tech sector, CBCNews reported.

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CSIQ arm sells Ontario solar power plant to TRP for $57.4M

Canadian Solar Solutions Inc, a unit of Canadian Solar Inc (CSIQ), has concluded the sale of Mississippi Mills solar power plant in Ontario, Canada for over $57.4 million (C$61 million).

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Cominar REIT buys Beloeil's Montenach Mall for $60 M

Cominar Real Estate Investment Trust, Quebec's biggest commercial property owner and manager, has bought Montenach Mall in the Beloeil suburb for $60 million. The said mall has an area of 328,050 sq. ft. and is 93.2% rented.

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Co-founder Lazaridis cuts stake in BlackBerry

Mike Lazaridis, co-founder of Canadian smartphone maker BlackBerry, has sold 3.5 million shares in the troubled company for $26 million, according to documents filed with US regulators.

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Canadian gold miner Claude sells Madsen Gold Project to Laurentian Goldfields for a combination of cash and equity

Claude Resources has agreed to sell its Madsen Gold Project to Laurentian Goldfields for about C$9 million in cash. Claude will also receive shares representing 19.9% shares outstanding in Laurentian as part of the deal.

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Two more executives to leave Canada's beleaguered BlackBerry

Sources told the Wall Street Journal that BlackBerry's executive vice president of global sales and official in charge of its mergers and acquisitions strategy will be departing the struggling smartphone maker in weeks.

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Ford to spend CAD700 million to expand production in Canada

According to Ford Americas President Joe Hinrich, this investment would expand their Oakville plant near Toronto, Canada.

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