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This Toronto nurse recently graduated with $50K of debt. He works more 60 hours a week during the pandemic. He’s in a rush to pay off his OSAP loan and move out. Can he do it? Aug 3rd
Fresh out of nursing school, with a lot of debt, Ali is seeking advice from Millennial Money’s financial expert on paying down his debt and saving..... More »
Amazon MGM Studios Plans Toronto Production Hub With Five Stages Leased From Pinewood Group (Exclusive) - Hollywood Reporter Jan 17th
Amazon MGM Studios Plans Toronto Production Hub With Five Stages Leased From Pinewood Group (Exclusive) Hollywood ReporterAmazon MGM Studios makes deal to use Pinewood Toronto Studios CP24Amazon establishes Ontario production hub in 'multi-year' Canadian studio commitment .... More »
Brexit white paper seeks free movement for skilled workers and students - The Guardian + MORE Jul 12th
The GuardianBrexit white paper seeks free movement for skilled workers and studentsThe GuardianBusinesses should be able to move “their talented people” from the UK to the European Union – and vice versa – after Brexit, according to the government's strategy white paper, which was publi.... More »
Toronto stock market a rare bright spot as U.S. indexes, loonie, oil and gold fall + MORE Aug 30th
TORONTO – The Toronto stock market was a rare bright spot in morning trading today as American indexes, oil, gold and the loonie all lost ground.
The S&P/TSX composite index rose 52.47 points to 14,733.44.
The Dow Jones industrial average was down by 57.15 points to 18,445.84, the broader .... More »
Heading to college or university? Follow these smart money habits Aug 13th
New-found freedom and an early taste of adulthood await many young adults starting post-secondary education this fall.
With freedom comes responsibilities: attending classes and studying while also maintaining a social life and making time for chores, meals and maybe even a part-time job—all .... More »
With debt payment looming, House weighs Puerto Rico bill
– canadianbusiness.com
WASHINGTON – With a $2 billion debt payment looming, House leaders and President Barack Obama are pressuring lawmakers in both parties to support legislation to help ease Puerto Rico’s financial crisis.
The House is scheduled to begin debate Thursday on a bill that would create a financial control board and restructure some of the U.S. territory’s $70 billion debt. House Republican and Democratic leaders support it, as does the Obama administration. But it faces opposition from some bondholders, unions and island officials who have lobbied against the bill.
Speaker Paul Ryan has argued the legislation is the only way to avoid an eventual taxpayer bailout for the island.
Obama is also pushing for the bill, summoning House Democrats with ties to Puerto Rico to a meeting in the Oval Office Wednesday.
The post With debt payment looming, House weighs Puerto Rico bill appeared first on Canadian Business – Your Source For Business News.
The House is scheduled to begin debate Thursday on a bill that would create a financial control board and restructure some of the U.S. territory’s $70 billion debt. House Republican and Democratic leaders support it, as does the Obama administration. But it faces opposition from some bondholders, unions and island officials who have lobbied against the bill.
Speaker Paul Ryan has argued the legislation is the only way to avoid an eventual taxpayer bailout for the island.
Obama is also pushing for the bill, summoning House Democrats with ties to Puerto Rico to a meeting in the Oval Office Wednesday.
The post With debt payment looming, House weighs Puerto Rico bill appeared first on Canadian Business – Your Source For Business News.
Ottawa doing ‘deep dive’ into country’s housing markets
– macleans.ca
TORONTO – The federal government is conducting an in-depth examination of the country’s real estate markets as it decides whether more changes are needed to rein in escalating prices or curb the impact of foreign investment on housing affordability, Finance Minister Bill Morneau said Wednesday.
“What we’re doing right now is we’re making sure that we have a deep dive into the information to ensure that any considerations we have for change are evidence-based,” Morneau said after giving a speech at an economic conference in Toronto.
“Our ongoing goal is to ensure that we understand the market in all of its complexity, that we consider all the evidence to determine what measures are necessary, on an ongoing basis, to ensure that Canadians have the ability to buy homes.”
The government has faced growing calls from researchers, bankers and other housing sector observers in recent days to address soaring prices and mounting household debt, particularly in Toronto and Vancouver…
“What we’re doing right now is we’re making sure that we have a deep dive into the information to ensure that any considerations we have for change are evidence-based,” Morneau said after giving a speech at an economic conference in Toronto.
“Our ongoing goal is to ensure that we understand the market in all of its complexity, that we consider all the evidence to determine what measures are necessary, on an ongoing basis, to ensure that Canadians have the ability to buy homes.”
The government has faced growing calls from researchers, bankers and other housing sector observers in recent days to address soaring prices and mounting household debt, particularly in Toronto and Vancouver…
Denmark’s Dong Energy sees share price jump in market debut
– canadianbusiness.com
COPENHAGEN – Denmark’s Dong Energy, which focuses on wind power generation, has seen its shares jump on the first day of trading, bringing its market value to 98 billion kroner ($15 billion) — the most of any listed company in the country.
Shares in the utility opened at 235 kroner ($36) on the Nasdaq Copenhagen stock market and rose 10 per cent in early trading Thursday.
In all, 72.83 million shares were floated, or 17.4 per cent of Dong Energy’s share capital.
The aim was to reduce the Danish government’s stake in the company from 58.8 per cent to 50.1 per cent. Goldman Sachs currently holds about 18 per cent. The IPO was made with broad support in Parliament.
More than half of Copenhagen-based Dong’s electricity and heat generation comes from renewable sources, including offshore wind power.
The post Denmark’s Dong Energy sees share price jump in market debut appeared first on Canadian Business – Your Source For Business News.
Shares in the utility opened at 235 kroner ($36) on the Nasdaq Copenhagen stock market and rose 10 per cent in early trading Thursday.
In all, 72.83 million shares were floated, or 17.4 per cent of Dong Energy’s share capital.
The aim was to reduce the Danish government’s stake in the company from 58.8 per cent to 50.1 per cent. Goldman Sachs currently holds about 18 per cent. The IPO was made with broad support in Parliament.
More than half of Copenhagen-based Dong’s electricity and heat generation comes from renewable sources, including offshore wind power.
The post Denmark’s Dong Energy sees share price jump in market debut appeared first on Canadian Business – Your Source For Business News.
Cara Operations CEO Bill Gregson on taking over a family business
– canadianbusiness.com
Cara Operations CEO Bill Gregson. (Portrait by Thomas Dagg)Turnarounds are a bit of a specialty for Bill Gregson. In 2009, he became CEO of the Brick at a time when the company was reeling from the recession. With support from Fairfax Financial, Gregson repaired the company’s balance sheet and sold the revitalized chain to rival Leon’s in 2012. Cara Operations was in a similar spot when he joined a year later. A privatization by the founding Phelan family left Cara saddled with debt and unable to invest adequately in its restaurant portfolio. Cara is on better financial ground today, thanks to a 2015 IPO, also supported by Fairfax. Now Gregson has to ensure the company’s 11 brands stay relevant to Canadian diners.
The 9 restaurant chains Cara Operations has built its IPO on
Cara recently purchased St-Hubert, the Quebec-based rotisserie chicken chain. For founder Jean-Pierre Léger, that company is his baby. So what makes Cara the right fit for St-Hubert?
Yeah, it’s his whole life…
The federal government is conducting an in-depth examination of the country’s real estate markets as it decides whether more changes are needed to rein in escalating prices or curb the impact of foreign investment on housing affordability, Finance Minister Bill Morneau said Wednesday.
