SNC-Lavalin wins $660-million transit contract from Ottawa (the city, not the feds) as bidding future remains uncertain

SNC-Lavalin wins $660-million transit contract from Ottawa (the city, not the feds) as bidding future remains uncertain

Embattled construction and engineering company SNC-Lavalin has won a $660-million contract from Ottawa — the city, not the federal government — to extend a light-rail transit line. The City of Ottawa selected SNC to build a 12-kilometre extension to the Trillium Line and a 4-kilometre connection to the airport, a project that includes maintenance of…

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Katanga pays $28.5 million to settle disclosure allegations brought by OSC

Katanga pays $28.5 million to settle disclosure allegations brought by OSC

Katanga Mining Ltd., a subsidiary of Anglo-Swiss commodities and mining conglomerate Glencore PLC, has paid $28.5 million to settle allegations that it issued materially misleading financial information and that it failed to adequately disclose the risks of doing business with associates of an Israeli businessman in the Democratic Republic of Congo. Entities associated with Dan…

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Couple with $2.9 million in assets and no debt think they won’t be able to make ends meet in retirement

Couple with $2.9 million in assets and no debt think they won’t be able to make ends meet in retirement

Situation: Couple in their late 50s with poor investments fears a financial squeeze in retirement Solution: Raise returns by selling real estate and improve their investment plans In British Columbia, a couple we’ll call Henry, who is 56, and Julia, who is 58, have complicated financial lives. Henry runs his own consulting company. It makes…

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