
IMCO Gained 9.9% Last Year, Fueled by Stocks and Private Equity
Investment Management Corp. of Ontario returned 9.9% last year, driven mainly by gains in stocks and private equity holdings.
The results for the Canadian pension manager 'reflect the strength of our disciplined, long-term approach to investing,' Chief Executive Officer Bert Clark said Wednesday in a statement.

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Hamilton Spectator
30 minutes ago
- Hamilton Spectator
Don't regulate us like radio, music streamer Spotify tells CRTC
OTTAWA - Music streamer Spotify says Canada's federal broadcast regulator shouldn't impose rules meant for radio on streaming services. Appearing before a CRTC hearing Friday, company representatives compared regulating Spotify like a radio station to treating Uber like a horse and buggy operation. 'To apply yesterday's tools to today's platforms risks dulling Canada's success on the global music stage,' said Xenia Manning, Spotify's director of global music policy. 'It is essential to assess whether a real problem exists that justifies regulatory intervention. In our view, the evidence is clear. There is no market failure in audio streaming that would warrant intervention by the CRTC.' In its written submission, Spotify argued the CRTC doesn't have the jurisdiction to extend rules governing commercial negotiations and disputes in the broadcast sector to online players. Spotify said the Broadcasting Act doesn't give the CRTC the authority to 'regulate the terms of trade between online undertakings, including good faith negotiations and commercial disputes.' It said the CRTC's proposals 'would see it imposing dispute resolution and commercial negotiation requirements on online undertakings that are plainly outside the scope of broadcasting.' The CRTC is holding a hearing on market dynamics as part of its work to implement the Online Streaming Act, which updated broadcasting laws to capture online platforms. During the hearing, large telecom and broadcasting companies like Bell and Rogers called on the CRTC to loosen existing rules for traditional players. They took aim at regulations governing how cable channels must be packaged and disputes about carriage of cable channels. Bell, which appeared Wednesday, asked the CRTC to get rid of the rule the regulator implemented nearly a decade ago requiring companies to offer a $25 basic cable package. In its opening statement Friday, Rogers asked the CRTC to dramatically reduce regulation of cable companies. Colette Watson, president of Rogers' media division, said less than half of Canadian households now subscribe to cable, satellite or IPTV service. 'Canadian ownership groups cannot survive another decade of disproportionate regulation,' she said. The CRTC is holding a series of hearings as part of its work under the Online Streaming Act. Spotify, along with Amazon and Apple, is fighting in court an earlier order requiring streamers to make CRTC-ordered financial contributions to Canadian content and news. This report by The Canadian Press was first published June 20, 2025.


Hamilton Spectator
43 minutes ago
- Hamilton Spectator
Jane Silverstone Segal Increases Number of Shares of DAVIDsTEA Inc. Under Her Control
MONTREAL, June 20, 2025 (GLOBE NEWSWIRE) — Jane Silverstone Segal, Chair of the Board of Directors of DAVIDsTEA Inc. ('DAVIDsTEA') (TSXV: DTEA), announces that on June 20, 2025, she received shares of Rainy Day Investments Ltd. ('RDI') by way of bequest from her late husband Mr. Herschel Segal, as a result of which Jane Silverstone Segal has voting control of RDI. RDI owns 12,012,538 common shares of DAVIDsTEA, representing 44.51% of DAVIDsTEA's issued and outstanding common shares, which shares are now controlled by Jane Silverstone Segal. Immediately prior to the transfer of shares described above, Jane Silverstone Segal held 127,087 common shares of DAVIDsTEA, representing 0.47% of its 26,985,738 issued and outstanding common shares. Immediately after the transfer of shares described above, Mrs. Segal holds or exercises control, directly or indirectly, over 12,139,625 common shares, representing 44.99% of DAVIDsTEA's issued and outstanding common shares. As a result of the transfer of shares described above, Mrs. Segal's holdings of DAVIDsTEA's common shares increased to 44.99% from 0.47%. The late Mr. Herschel Segal also held 1,523 common shares of DAVIDsTEA directly, representing 0.006% of the issued and outstanding shares. The 1,523 shares will be transferred to Jane Silverstone Segal by way of bequest in due course, following which she will hold or exercise control, directly or indirectly, over 12,141,148 common shares, representing 44.99% of DAVIDsTEA's issued and outstanding common shares. In accordance with applicable securities laws, Mrs. Segal may, from time to time and at any time, acquire additional DAVIDsTEA shares and/or other equity, debt or other securities or instruments (collectively, 'Securities') of DAVIDsTEA in the open market or otherwise, and Mrs. Segal reserves the right to dispose of any or all of her Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the DAVIDsTEA and other relevant factors. A copy of an early warning report filed by Jane Silverstone Segal in connection with the transfer described above is available on SEDAR+ under DAVIDsTEA's profile. This news release is issued under the early warning provisions of Canadian securities legislation. To obtain a copy of the early warning report filed by Jane Silverstone Segal, please contact: Frank Zitella President, Chief Operating and Chief Financial Officer DAVIDsTEA Inc. 5775 Ferrier Street Mount Royal, Québec H4P 1N3 Telephone: 514-839-1580
Yahoo
5 hours ago
- Yahoo
Highland Copper Engages Velocity Trade Capital for Market Making Services
VANCOUVER, British Columbia, June 20, 2025 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) ('Highland' or the 'Company') is pleased to announce that it has engaged Velocity Trade Capital Ltd. ('Velocity Trade') to provide market making services to the Company in accordance with applicable securities laws and the policies of the TSX Venture Exchange ("Exchange"). Velocity Trade will participate in trading of the Company's shares from time to time in order to maintain an orderly market, with a view to reducing trading volatility and improving the liquidity of the Company's shares. The funding and securities required for these services undertaken will be provided by Velocity Trade. In consideration of the market liquidity services, Highland has agreed to pay Velocity Trade a monthly fee equal to $6,000 per month, and after a period of sixty days, either party may terminate the contract by providing the other with 30 days prior written notice of termination. Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ontario, and is registered for trading in the provinces of Ontario, Quebec, British Columbia, Alberta, and Manitoba. Velocity Trade is a member of the TMX, and of the Canadian Investment Regulatory Organization (CIRO). Additionally, the firm and its affiliate companies are regulated internationally by the UK's Financial Conduct Authority (FCA), the Authority for Financial Markets (AFM) in the Netherlands, the Australian Securities and Investments Commission (ASIC), South Africa's Financial Sector Conduct Authority (FSCA), and the Monetary Authority of Singapore (MAS), among others. Velocity Trade and Highland are not related parties and have no other agreements other than the market liquidity agreement which is the subject of this news release. The engagement of Velocity Trade to provide market liquidity services to Highland is subject to acceptance of the TSX Venture Exchange. About Highland Copper Company Highland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. The Company owns the Copperwood deposit through long-term mineral leases and 34% of the White Pine North project through a joint venture with Kinterra Copper USA LLC. The Company also owns surface rights securing access to the Copperwood deposit and providing space for infrastructure at Copperwood as required. The Company has 736,363,619 common shares issued and outstanding. Its common shares are listed on the TSX Venture Exchange under the symbol "HI" and trade on the OTCQB Venture Market under the symbol "HDRSF." More information about the Company is available on the Company's website at and on SEDAR+ at Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information or media requests, please contact: Barry O'Shea, CEOEmail: info@ in to access your portfolio