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Stock Market & Financial Investment News

News Breaks
January 8, 2013
07:58 EDTCM, BMO, TD, RY, NTIOF, BNSRBC Capital to host a conference
Canadian Bank CEO Conference is being held in Toronto on January 8.
News For RY;BMO;BNS;TD;CM;NTIOF From The Last 14 Days
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March 27, 2015
07:17 EDTTDToronto-Dominion open to small U.S. buys to accelerate rollout, Reuters says
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06:03 EDTBMOBMO announces partnership with Shell Canada
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March 19, 2015
08:24 EDTBNSCliffs Natural says Bank of Nova Scotia files lawsuit against company
Cliffs Natural (CLF) said in a filing that as previously disclosed, on January 27, the company announced that Bloom Lake General Partner Limited and certain of its affiliates, including Cliffs Québec Iron Mining ULC commenced restructuring proceedings in Montreal, Québec, under the Companies’ Creditors Arrangement Act. Certain obligations of the Bloom Lake Group, including equipment loans, are guaranteed by the Company. On March 16, The Bank of Nova Scotia (BNS) filed a lawsuit in the U.S. District Court for the Northern District of Ohio, Eastern Division, against the company, asserting that the company breached its obligations under a guaranty of certain equipment loans pursuant to a Master Loan and Security Agreement, dated September 27, 2013, among certain members of the Bloom Lake Group and Key Equipment Finance Inc.. BNS is seeking an award of $52.6M plus unpaid accrued interest and expenses. Among other defenses to this litigation, the company is current in its payment obligations under the Equipment Loans.

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