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GameStop profits create $150-million pay windfall for executive of Canadian company

At GameStop store in San Rafael, Calif., on Dec. 8, 2021.Justin Sullivan/Getty Images The wild trading in shares of GameStop GME-N in early 2021 created one of the biggest paydays in history for an executive of a Canadian public company. Richard Mashaal, a vice-president of little-known Montreal-headquartered investment company Senvest Capital Inc., SEC-T received just …

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Tuesday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions Air Canada‘s (AC-T) 28% stock decline over the past three months has created an attractive buying opportunity not seen since the heart of the pandemic, according to Canaccord Genuity analyst Matthew Lee, who upgraded his rating on the airline to “buy” from “hold.” “With …

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Monday’s small-cap stocks to watch

Our roundup of Canadian small-caps of between $100-million and $2.5-trillion in market capitalization making news enerflex ltd. (EFX-T) announced the restatement of its earnings to reclassify certain amounts within its statement of cash flows. The company restated its cash in operating activities to a loss of $22.7-million compared to a profit of $2.6-million previously reported …

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Industry Minister to meet with telecoms after ‘unacceptable’ Rogers outage

Tony Staffieri, CEO of Rogers Communications Inc. attends the CRTC hearing Nov. 22, 2021, in Gatineau.Dave Chan/The Globe and Mail The federal Industry Minister will meet with the CEOs of Rogers Communications Inc. RCI-A-T and other major telecommunications companies on Monday to discuss improving network reliability, after a massive outage late last week that shut …

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Knix majority stake sold to Sweden-based hygiene brand Essity

Knix CEO Joanna GriffithsHayley Ng/Handout One of Canada’s best-known e-commerce startups, Knix Wear Inc., is being acquired by Swedish hygiene products giant Essity in a $410-million deal that will take the Toronto-based company’s leakproof women’s underwear to global markets. Essity announced on Friday that it will purchase an 80-per-cent stake in Knix, which also sells …

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Wednesday’s small-cap stocks to watch

Our roundup of Canadian small-caps of between $100-million and $2.5-trillion in market capitalization making news The Paper Excellence Group has signed a deal to buy Resolute Forest Products Inc. (RFP-T) in an agreement that values ​​the company at US$2.7-billion. Under the proposal, the parent company of Domtar Corp. will pay US$20.50 per Resolute share, a …

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