Monday's Canadian Stock Highlights

The transcript discusses several financial and market updates. It begins with Cinven receiving its first payment from a Canadian drugmaker, which was delisted from the NASDAQ Biotech index due to market capitalization issues. Bombardier's stock performance improved significantly, attributed to reduced capital spending and increased orders. Lastly, Mitel Networks shifted its focus to cloud-based communications, approved a buyback program, and anticipated a significant write-down in the fourth quarter.

What was the reason for the Canadian drugmaker's removal from the NASDAQ Biotech index?

• Failure to meet market capitalization parameters

• Insufficient liquidity

• High debt levels

• Regulatory issues

What financial action did the Canadian drugmaker take regarding its acquisition?

• Made its first payment

• Increased its debt

• Sold off assets

• Issued new shares

What factor contributed to Bombardier's stock rally?

• Increased marketing efforts

• New leadership

• Reduced capital spending

• Partnership with a tech company

What strategic change did Mitel Networks make?

• Acquisition of a competitor

• Focus on cloud-based communications

• Expansion into mobile business

• Launch of a new product line

What did Mitel Networks' board approve in relation to its business strategy?

• An increase in capital spending

• A buyback program

• A new marketing campaign

• A merger with another company