GFM Network News


Canada keen to boost ties, seal trade pact with India

Gandhinagar, India | Reuters –– Canada is keen to boost its business ties with India and is moving forward with attempts to seal a trade pact, Canada’s minister of infrastructure and communities told Reuters. “There is an emphasis on signing a trade agreement with India,” Amarjeet Sohi said in an interview Tuesday. “The process was […] Read more



CP revises hostile bid for Norfolk Southern, again

Reuters — Canadian Pacific Railway slammed railway Norfolk Southern on Wednesday, accusing it of misleading investors even as CP executives rolled out a new bid with increased shareholder protections to acquire the U.S.-based railroad. Executives from Canada’s second-largest railroad said the deal is now in the hands of Norfolk Southern’s shareholders, and urged its board […] Read more






Maple Leaf Foods explores sale Of Canada Bread stake

Maple Leaf Foods said on Monday it may sell its controlling stake in Canada Bread Company as it determines whether to exit the bakery business and focus on meat products. Toronto-based Maple Leaf said it has recently completed a comprehensive review of opportunities to accelerate profitable growth across its bakery business. But before committing resources, […] Read more

Strike looms as talks between union, CN break down

Talks between the railroad workers’ union and Canadian National Railway have broken down, raising the possibility of a strike or a lockout by Oct. 28 at the country’s largest railroad operator, the union said Monday. The Teamsters Canada Rail Conference (TCRC), which represents some 3,300 conductors, trainmen, yardmen and traffic co-ordinators, said the company rejected […] Read more


Proxy fight brewing for Agrium board

The drawn out battle between Agrium and its largest shareholder Jana Partners looked set for a bruising proxy battle on Tuesday, a day after the activist hedge fund rejected Agrium’s call for a truce. The fertilizer maker and farm products retailer threw down the gauntlet late on Monday by nominating David Everitt and Mayo Schmidt […] Read more

Agrium pressured for change in proxy battle

Hedge fund Jana Partners on Monday escalated its effort to overhaul fertilizer and ag retail giant Agrium, by nominating a slate of board candidates to buttress its demand that the fertilizer company split up its wholesale and retail divisions. New York-based Jana, Agrium’s largest shareholder, has been pressuring the fertilizer maker and farm products retailer […] Read more