Proxy battles loom as Canadian activists grow edgy

TORONTO (Reuters) – Underperforming Canadian companies should brace for a wave of shareholder activism as investors try to wring value from portfolios that have been battered in a global market slump. In the last few weeks alone, three top companies – BlackBerry maker Research In Motion , grain handler Viterra Inc and Canadian Pacific Railway – have faced highly public investor agitation, once a rarity in Canada. In all three cases investors are unhappy with management strategies to reverse falling stock prices. …