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BMO, Scotiabank top earnings forecasts but sound wary note for road ahead - The Globe and Mail Aug 27th
BMO, Scotiabank top earnings forecasts but sound wary note for road ahead The Globe and MailCanada’s Big Banks Expected to See Revenue Boost From Solid Capital Markets The Wall Street Journal'Uncertainty meter has gone down': Bank execs hope for economic 'green shoots' after .... More »
After the biggest stock market sell-off in history, what's next for Facebook? Jul 28th
After a market meltdown this week that saw Facebook lose $100 billion of shareholder value, it's worth asking whether the giant could be headed — albeit very slowly — for the same fate that befell its high-tech ancestors like Myspace..... More »
Liberals turn to pasta to move past 3 months of fuss and fury over tax fairness - CBC.ca + MORE Oct 17th
CBC.caLiberals turn to pasta to move past 3 months of fuss and fury over tax fairnessCBC.caWhen the prepared statements were finished and the floor was opened for questions, the first reporter in line wanted to question Bill Morneau, about not just the government's tax changes, but also whether.... More »
Should you buy a vacation property? Aug 25th
The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or extended winter stay for a snowbird.
There are many emotion-driven reason.... More »
‘Let them do their dirty work’: School trustees react as Ford government takes over 4 boards, including Toronto public and Catholic, over finances - Toronto Star Jun 27th
‘Let them do their dirty work’: School trustees react as Ford government takes over 4 boards, including Toronto public and Catholic, over finances Toronto StarOntario Taking Action to Restore School Board Financial Stability ontario.caFord government sends supervisors into .... More »
U.S. banks’ dismal first quarter may spell trouble
– theglobeandmail.com
Analysts forecast a 20-per-cent decline on average in earnings from the six biggest U.S. banks, according to Thomson Reuters I/B/E/S data
Cameron in Parliament for 1st time since offshore funds row
– canadianbusiness.com
LONDON – British Prime Minister David Cameron, under pressure over his admission of a past investment in an offshore fund, is about to face lawmakers for the first time since the Panama Papers scandal shed light on the tax-haven tactics of the rich and famous.
Opposition leaders say they will grill Cameron over his tax affairs when he delivers a parliamentary speech Monday on cracking down on tax evasion. In advance of his remarks, Cameron says his government plans to introduce a bill that would hold employers criminally liable if they permit employees to promote tax-dodging schemes.
Cameron says in a statement Monday that his 6-year-old administration “has done more than any other to take action against corruption in all its forms, but we will go further.”
The post Cameron in Parliament for 1st time since offshore funds row appeared first on Canadian Business – Your Source For Business News.
Opposition leaders say they will grill Cameron over his tax affairs when he delivers a parliamentary speech Monday on cracking down on tax evasion. In advance of his remarks, Cameron says his government plans to introduce a bill that would hold employers criminally liable if they permit employees to promote tax-dodging schemes.
Cameron says in a statement Monday that his 6-year-old administration “has done more than any other to take action against corruption in all its forms, but we will go further.”
The post Cameron in Parliament for 1st time since offshore funds row appeared first on Canadian Business – Your Source For Business News.
World Bank: China’s growth to ease to 6.7 % in 2016
– canadianbusiness.com
MANILA, Philippines – The World Bank says China’s slowing economy will remain the main driver of growth in Asia this year, helped by sustained expansions in many developing economies.
The U.S.-led development bank forecast Monday that developing East Asia will grow at a still robust pace of 6.3 per cent this year, down from 6.5 per cent in 2015. It said the Philippines and Vietnam will lead growth, with economies expanding by more than 6 per cent.
Indonesia, the biggest economy in Southeast Asia, is forecast to grow by 5.1 per cent in 2016 and 5.3 per cent in 2017.
China is shifting from export and investment-led growth to a greater reliance on consumer spending. The World Bank’s latest estimate puts growth at 6.7 per cent this year and 6.5 per cent in 2017, down from 6.9 per cent in 2015.
The post World Bank: China’s growth to ease to 6.7 % in 2016 appeared first on Canadian Business – Your Source For Business News.
The U.S.-led development bank forecast Monday that developing East Asia will grow at a still robust pace of 6.3 per cent this year, down from 6.5 per cent in 2015. It said the Philippines and Vietnam will lead growth, with economies expanding by more than 6 per cent.
Indonesia, the biggest economy in Southeast Asia, is forecast to grow by 5.1 per cent in 2016 and 5.3 per cent in 2017.
China is shifting from export and investment-led growth to a greater reliance on consumer spending. The World Bank’s latest estimate puts growth at 6.7 per cent this year and 6.5 per cent in 2017, down from 6.9 per cent in 2015.
The post World Bank: China’s growth to ease to 6.7 % in 2016 appeared first on Canadian Business – Your Source For Business News.
Asian markets meander on weak China inflation data
– canadianbusiness.com
TOKYO – Shares meandered in Asia on Monday, after China reported consumer prices were steady but wholesale prices fell in March. Japan’s announcement of mixed trends in machinery orders did little to improve sentiment given the continued strengthening of the Japanese yen.
KEEPING SCORE: Tokyo’s Nikkei 225 stock index fell 1.3 per cent to 15,620.43 and Australia’s S&P/ASX 200 edged 0.1 per cent lower to 5,011.80. South Korea’s Kospi was flat at 1,971.00 and shares fell in Indonesia and Singapore. Hong Kong’s Hang Seng index gained 0.6 per cent to 20,500.78 and the Shanghai Composite Index jumped 2.1 per cent to 3,046.98.
ANALYST VIEWPOINT: “Strong gains in the oil market and a solid close in U.S. markets should see a positive open to the trading week this morning,” said Rick Spooner, chief market analyst at CMC Markets. But in the longer term, he noted, “Yen buying is essentially signalling that further stimulus by the BOJ and ECB will have limited impact…
KEEPING SCORE: Tokyo’s Nikkei 225 stock index fell 1.3 per cent to 15,620.43 and Australia’s S&P/ASX 200 edged 0.1 per cent lower to 5,011.80. South Korea’s Kospi was flat at 1,971.00 and shares fell in Indonesia and Singapore. Hong Kong’s Hang Seng index gained 0.6 per cent to 20,500.78 and the Shanghai Composite Index jumped 2.1 per cent to 3,046.98.
ANALYST VIEWPOINT: “Strong gains in the oil market and a solid close in U.S. markets should see a positive open to the trading week this morning,” said Rick Spooner, chief market analyst at CMC Markets. But in the longer term, he noted, “Yen buying is essentially signalling that further stimulus by the BOJ and ECB will have limited impact…
