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Fixed-income trading buoys National Bank’s capital-markets results + MORE Jun 1st
‘We can’t complain, but the quarter is still very young,’ head of financial markets at institution says
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U of T receives $35 million investment to study high-risk pathogens - The Medium - The Medium Dec 5th
U of T receives $35 million investment to study high-risk pathogens - The Medium The Medium.... More »
Housing sales fall in most markets across Canada - The Globe and Mail + MORE Jul 17th
The Globe and MailHousing sales fall in most markets across CanadaThe Globe and MailHouse sales fell in a majority of markets across Canada in June, suggesting the real estate sector is cooling just as interest rates are starting to climb and Ottawa is proposing tougher mortgage rules. Sales fell in.... More »
Trump's 'America First' looks more and more like America alone - Washington Post Nov 11th
Washington PostTrump's 'America First' looks more and more like America aloneWashington PostHANOI — On his third day in office, President Trump signed an executive memorandum withdrawing the United States from a 12-nation Asia-Pacific trade accord that had been painstakingly negotia.... More »
So, you want to be rich? Here’s how to get started Jan 6th
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Regulators propose huge overhaul of debt collection industry
– canadianbusiness.com
NEW YORK, N.Y. – The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what’s owed, and give people more ability to dispute their bills.
It would be the biggest overhaul of the debt collection industry since Congress passed the Fair Debt Collections Practices Act nearly 40 years ago. Regulators estimate roughly 70 million Americans are contacted by debt collectors each year, and more Americans submit complaints to state and federal agencies about unfair or deceptive practices than any other part of the consumer financial system.
“This is about bringing better accuracy and accountability to a market that desperately needs it,” said CFPB Director Richard Cordray.
Like payday loans and so-called binding arbitration agreements — two parts of the U.S. financial system that the CFPB has proposed regulating more tightly — the new proposals from are likely to be resisted strongly by the industry and its allies in Washington…
It would be the biggest overhaul of the debt collection industry since Congress passed the Fair Debt Collections Practices Act nearly 40 years ago. Regulators estimate roughly 70 million Americans are contacted by debt collectors each year, and more Americans submit complaints to state and federal agencies about unfair or deceptive practices than any other part of the consumer financial system.
“This is about bringing better accuracy and accountability to a market that desperately needs it,” said CFPB Director Richard Cordray.
Like payday loans and so-called binding arbitration agreements — two parts of the U.S. financial system that the CFPB has proposed regulating more tightly — the new proposals from are likely to be resisted strongly by the industry and its allies in Washington…
AstraZeneca says 2Q earnings fell 22 per cent
– canadianbusiness.com
LONDON – Anglo-Swedish drugmaker AstraZeneca says second-quarter earnings fell 22 per cent after sales of its blockbuster cholesterol drug Crestor dropped sharply after a generic alternative came on the market in the United States.
Core operating profit, which excludes one-time items such as restructuring costs and impairments, dropped to $1.41 billion from $1.81 billion in the second quarter of 2015.
AstraZeneca reported a net loss of $3 million compared with a profit of $697 million a year earlier.
The drugmaker previously announced plans to cut costs so it can devote more resources to cancer drugs. It has warned that investment in research and development to boost the drug pipeline would hurt earnings this year.
CEO Pascal Soriot says the figures were in line with expectations “reflecting the near-term patent expiry challenges.”
The post AstraZeneca says 2Q earnings fell 22 per cent appeared first on Canadian Business – Your Source For Business News.
Core operating profit, which excludes one-time items such as restructuring costs and impairments, dropped to $1.41 billion from $1.81 billion in the second quarter of 2015.
AstraZeneca reported a net loss of $3 million compared with a profit of $697 million a year earlier.
The drugmaker previously announced plans to cut costs so it can devote more resources to cancer drugs. It has warned that investment in research and development to boost the drug pipeline would hurt earnings this year.
CEO Pascal Soriot says the figures were in line with expectations “reflecting the near-term patent expiry challenges.”
The post AstraZeneca says 2Q earnings fell 22 per cent appeared first on Canadian Business – Your Source For Business News.
Canada’s national housing agency rang more alarm bells about Vancouver’s real estate sector after it released a report Wednesday saying there is now strong evidence of problematic conditions in the city.
Lexpert: Perceived conflict won't protect minority shareholders
– theglobeandmail.com
The B.C. Court of Appeal’s recent decision on Jaguar Financial v. Alternative Earth Resources has raised the ante for litigants attacking the conduct of boards during takeover proceedings
Infor deal with ECN Capital is making heads spin
– theglobeandmail.com
One of six Canadian SPACs that collectively raised $1-billion over the past year, the company announced plans on Monday to be acquired by ECN Capital, a specialty lender that is being spun out of Element Financial
