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Home ownership rates slide as more choose to rent, census shows + MORE Oct 25th
From afar, Calgary real estate may be looking like a good buy
OTTAWA – Not everyone wants to own a home these days, Evan Siddall concedes – not even his own millennial-age son. For the head of the Canada Mortgage and Housing Corp., that’s really saying something.
But Siddall’s experi.... More »
Canada's Big 5 bank CEOs pay rises 6.5% to $54M in 2018 Mar 13th
The chief executives of Canada's five largest banks collectively earned roughly $63.2 million in total compensation during the 2018 financial year, up about 12 per cent from the previous year..... More »
Extortions, staged collisions, drive-by shootings: Peel police announce 18 arrests in 'major' investigation into towing violence Jun 17th
Police seized $4.2 million in assets including 18 tow trucks, five stolen vehicles, six firearms, 586 rounds of ammunition and various weapons..... More »
The best TD credit cards in Canada 2020 + MORE Aug 21st
Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s most storied big five banks. It offers a wide array of financial services including an impressive portfolio of more than two dozen credit cards. We break down the best TD credit ca.... More »
US stocks and dollar slide after Trump attacks Fed chair Powell - BBC + MORE Apr 22nd
US stocks and dollar slide after Trump attacks Fed chair Powell BBCUS dollar hits three-year low after Trump intensifies attack on Fed chair Powell – business live The GuardianStock markets tumble as investors pull back from American assets CBCTrump warns U.S. econ.... More »
North American stock indexes closed higher on Thursday as crude oil futures soared and signs of strength in the U.S. economy boosted investor sentiment.
China says economy making steady progress despite weak data
– canadianbusiness.com
BEIJING, China – A Chinese official tried Friday to reassure companies and investors that economic growth is stable despite unexpectedly weak July activity but acknowledged it faces pressure from lacklustre global demand.
Weakness in factory output, imports and other activity was due partly to summer flooding that caused 200 billion yuan ($35 billion) in losses and other one-time factors, said Sheng Laiyun, spokesman for the National Bureau of Statistics.
The poor performance prompted suggestions the Chinese economy might be cooling despite repeated government stimulus efforts. Growth held steady at 6.7 per cent for the three months ending in July, though that was the weakest quarterly performance since the aftermath of the 2008 global crisis.
“The trend is good,” Sheng told a news conference. “Even though economic growth dropped slightly, the economy is stable and making steady progress, and the steady trend toward improvement has not changed.”
Sheng acknowledged, however, that China faces “downward pressure” from weak global demand as Beijing carries out a marathon effort to nurture consumer-driven growth and reduce reliance on trade and investment…
Weakness in factory output, imports and other activity was due partly to summer flooding that caused 200 billion yuan ($35 billion) in losses and other one-time factors, said Sheng Laiyun, spokesman for the National Bureau of Statistics.
The poor performance prompted suggestions the Chinese economy might be cooling despite repeated government stimulus efforts. Growth held steady at 6.7 per cent for the three months ending in July, though that was the weakest quarterly performance since the aftermath of the 2008 global crisis.
“The trend is good,” Sheng told a news conference. “Even though economic growth dropped slightly, the economy is stable and making steady progress, and the steady trend toward improvement has not changed.”
Sheng acknowledged, however, that China faces “downward pressure” from weak global demand as Beijing carries out a marathon effort to nurture consumer-driven growth and reduce reliance on trade and investment…
Caisse invests $125 million to take control of over budget Quebec cement project
– canadianbusiness.com
MONTREAL – Quebec’s pension fund manager is taking over a cement plant under construction from the family that controls Bombardier after the project’s $1-billion budget was exceeded by more than $500 million.
Along with its own investment of $125 million in the plant, which is situated in the Gaspe region of the province, Caisse de depot et placements du Quebec said BlackRock Alternative Investors will also join the project through a $125-million debenture.
Together, the $250 million in new financing will be enough to complete the project, the Caisse said in a news release Thursday.
The new cement plant, with its modern facilities and equipment, is expected to benefit from lower operating costs and direct access to a marine terminal.
The Caisse noted that market conditions are improved from when the project was launched a few years ago. The institutional investor said there is substantially higher North American demand, a strong U.S. dollar and cement shortages — all while plants in Canada and the U…
Along with its own investment of $125 million in the plant, which is situated in the Gaspe region of the province, Caisse de depot et placements du Quebec said BlackRock Alternative Investors will also join the project through a $125-million debenture.
Together, the $250 million in new financing will be enough to complete the project, the Caisse said in a news release Thursday.
The new cement plant, with its modern facilities and equipment, is expected to benefit from lower operating costs and direct access to a marine terminal.
The Caisse noted that market conditions are improved from when the project was launched a few years ago. The institutional investor said there is substantially higher North American demand, a strong U.S. dollar and cement shortages — all while plants in Canada and the U…
Canadian markets need a cure for Valeant’s poisonous effects
– theglobeandmail.com
The company, which does most of its business in the United States, has been a drag on many Canadian portfolios because of its listing on the Toronto Stock Exchange and presence in the S&P/TSX composite index
