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Unifor head says pension trade-off needed to secure GM deal - The Globe and Mail + MORE Sep 20th
The Globe and MailUnifor head says pension trade-off needed to secure GM dealThe Globe and MailGiving up a more secure pension scheme to reach a tentative labor deal with General Motors Co was a worthwhile trade-off because workers will benefit from new investment in Canadian plants, the head of the.... More »
At the open: TSX rises, helped by jump in shares of Aecon Group + MORE Oct 26th
Dow, S&P higher as earnings gather pace
.... More »
Trump not doing enough to avoid conflicts over business dealings: ethics experts + MORE Jan 11th
Trump is still balking at doing what ethics experts insist he should: sell everything he owns or put any assets that might pose a conflict into a blind trust
.... More »
Buffett annual letter reveals $1.6 billion profit from Apple shares Feb 25th
Berkshire Hathaway revealed that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2 million shares for a total of $6.75 billion
.... More »
COVID-19: Should you buy a home now, or wait? Jun 22nd
It almost goes without saying that COVID-19 has had a far-reaching impact on the Canadian economy and healthcare system in the first half of 2020. As expected, the spring housing market was much cooler than 2019, with the Canadian Real Estate Association (CREA) confirming that May 2020 recorded the .... More »
Gender diversity regulations show little results in Canada's boardrooms
– theglobeandmail.com
According to a report, there was only a modest increase in women on TSX company boardrooms since 2015
Weight Watchers CEO James Chambers steps down after 3 years
– canadianbusiness.com
NEW YORK, N.Y. – Weight Watchers CEO James Chambers is stepping down as the weight-loss program operator struggles to build on the momentum it garnered from an alliance with Oprah Winfrey.
The New York company said Monday that Chambers, who has led Weight Watchers since 2013, is resigning at the end the month. He will also leave the company’s board of directors.
The board has established a committee that includes Winfrey to search for a permanent CEO.
Weight Watchers International Inc. said it has created an interim office of the chief executive officer, which will include Chief Financial Officer Nicholas Hotchkin, and director Christopher Sobecki and Thilo Semmelbauer, the company’s former chief operating officer and a new director.
Chambers, 58, didn’t give a specific reason for his resignation but touted accomplishments including a return to growth, the launch of the Beyond the Scale holistic program and a five-year partnership with Winfrey.
The news of Winfrey’s involvement in the company more than doubled the value of Weight Watchers’ shares when it was announced last October, but the stock has since retreated…
The New York company said Monday that Chambers, who has led Weight Watchers since 2013, is resigning at the end the month. He will also leave the company’s board of directors.
The board has established a committee that includes Winfrey to search for a permanent CEO.
Weight Watchers International Inc. said it has created an interim office of the chief executive officer, which will include Chief Financial Officer Nicholas Hotchkin, and director Christopher Sobecki and Thilo Semmelbauer, the company’s former chief operating officer and a new director.
Chambers, 58, didn’t give a specific reason for his resignation but touted accomplishments including a return to growth, the launch of the Beyond the Scale holistic program and a five-year partnership with Winfrey.
The news of Winfrey’s involvement in the company more than doubled the value of Weight Watchers’ shares when it was announced last October, but the stock has since retreated…
US to 'sharpen' economic pressure on North Korea in aftermath of latest nuclear test – CBC.ca
– news.google.ca
CBC.caUS to 'sharpen' economic pressure on North Korea in aftermath of latest nuclear testCBC.caThe U.S. will do all it can with financial tools to oppose North Korea's nuclear weapons policy, because co-ordinated economic sanctions have been shown to work, U.S. Treasury Secretary Jack Lew said on Monday. "I think sanctions have effectively cut …China holds the key to the North Korean conundrumThe Globe and MailCould North Korea's nuclear missiles reach Canada?Globalnews.caNorth Korea does not intend to abandon its nuclear programs no mater what the US doesBusiness InsiderRT -Daily Mail -Hamilton Spectator -Al-Arabiyaall 414 news articles »
Expect tougher mortgage rules by November
– moneysense.ca
(Getty Images / Nigel Carse)Home buyers should expect tougher mortgage rules to kick in as early as November 1 of this year.
In an announcement released today by the nation’s financial regulator, banks and lenders that offer mortgage financing will face stricter regulations and this will translate into tougher lending rules for home buyers.
Hot markets prompt tougher rules for banks
“These changes aim to reinforce the need for banks to exercise prudent underwriting and proper due diligence when originating insured mortgages,” the Office of the Superintendent of Financial Institutions (OSFI) said in a statement. OSFI continued by stating: These proposed changes to mortgage lending “reflect the changing risks in the Canadian mortgage market.”
In the last year, policymakers have warned that Canada’s housing market is overvalued in some cities, such as Vancouver and Toronto. As such, the current Liberal government has been keen to limit taxpayer exposure to any potential price correction and real estate market downturn…
CPPIB targets boomer wave with cruise company investment
– theglobeandmail.com
The deal had to meet all of the criteria that would usually be applied to a private equity deal at CPPIB
