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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 »
This Toronto condo in the Entertainment District is going for $800K. Here’s why it’s a hard sell + MORE Mar 11th
A rare, larger condo in the city, this 800-square-foot unit listing is also steps away from the Financial and Entertainment Districts, nightlife and transit..... More »
BP bets on U.S. shale growth with bid for assets of BHP Billiton Jul 6th
BP PLC is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion US, people familiar with the matter said on Friday..... More »
Darryl White officially takes reins at Bank of Montreal as chief executive + MORE Nov 1st
TORONTO _ Darryl White officially started his new job as chief executive at the Bank of Montreal today.
White takes over from Bill Downe, who retired after more than a decade in the top job.
BMO (TSX:BMO) named White, who had been the bank’s chief operating officer, as Downe’s successor .... More »
How to Improve Your Employees’ Financial Wellness Apr 3rd
In today’s challenging economy, Canadians seek ways to stretch their hard-earned dollars and minimize financial strain. But learning how to make the most of every paycheque isn’t always clear or easy, which can cause added stress. Employers can help empower their employees to achieve financial w.... More »
Strong evidence of problematic conditions persists in real estate market: CMHC
– canadianbusiness.com
TORONTO _ Strong evidence of problematic conditions continues to exist in the national housing market, as accelerating prices spill out from Canada’s two most expensive cities to surrounding areas, according to the federal housing agency.
The surging costs have spread from Toronto to Hamilton and from Vancouver to Victoria, as many homebuyers have found themselves priced out of the larger cities, Canada Mortgage and Housing Corp. said in its latest report.
“There seems to be a fanning out of those price pressures,” CMHC’s chief economist Bob Dugan told reporters during a conference call Thursday.
“Homebuyers in these centres should be prudent to ensure that their purchases are aligned with their needs, as well as the long-term market outlook.”
CMHC has also found evidence of price acceleration in Toronto and Vancouver spreading to a number of other areas that aren’t covered by the housing market assessment, such as Barrie, Ont., Oshawa, Ont., and Kelowna, B…
The surging costs have spread from Toronto to Hamilton and from Vancouver to Victoria, as many homebuyers have found themselves priced out of the larger cities, Canada Mortgage and Housing Corp. said in its latest report.
“There seems to be a fanning out of those price pressures,” CMHC’s chief economist Bob Dugan told reporters during a conference call Thursday.
“Homebuyers in these centres should be prudent to ensure that their purchases are aligned with their needs, as well as the long-term market outlook.”
CMHC has also found evidence of price acceleration in Toronto and Vancouver spreading to a number of other areas that aren’t covered by the housing market assessment, such as Barrie, Ont., Oshawa, Ont., and Kelowna, B…
Toronto’s main stock index slips but still near record high, loonie down
– canadianbusiness.com
TORONTO _ Canada’s largest stock market moved lower in late-morning trading, but remained just below its record high.
The S&P/TSX composite index fell 17.15 points at 15,626.69, after 90 minutes of trading.
Earlier, it had been as high as 15,652.19 _ a few points short of its record high close set in September 2014.
In New York, the Dow Jones industrial average gained 31.38 points at 20,099.89, but the other major U.S. indexes moved lower. The S&P 500 slipped 0.8 of a point at 2,297.57 and the Nasdaq composite fell 5.97 points to 5,650.37.
The Canadian dollar was at 76.27 cents US, down 0.25 of a U.S. cent from Wednesday.
The March crude oil contract gained 98 cents at US$53.73 per barrel and March natural gas climbed 13 cents at US$3.48 per mmBtu.
The February gold contract fell $11.90 to US$1,185.90 an ounce and March copper contracts lost one cent at US$2.70 a pound.
The post Toronto’s main stock index slips but still near record high, loonie down appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index fell 17.15 points at 15,626.69, after 90 minutes of trading.
Earlier, it had been as high as 15,652.19 _ a few points short of its record high close set in September 2014.
In New York, the Dow Jones industrial average gained 31.38 points at 20,099.89, but the other major U.S. indexes moved lower. The S&P 500 slipped 0.8 of a point at 2,297.57 and the Nasdaq composite fell 5.97 points to 5,650.37.
The Canadian dollar was at 76.27 cents US, down 0.25 of a U.S. cent from Wednesday.
The March crude oil contract gained 98 cents at US$53.73 per barrel and March natural gas climbed 13 cents at US$3.48 per mmBtu.
The February gold contract fell $11.90 to US$1,185.90 an ounce and March copper contracts lost one cent at US$2.70 a pound.
The post Toronto’s main stock index slips but still near record high, loonie down appeared first on Canadian Business – Your Source For Business News.
Rogers Communications is reporting a $9 million net loss in the fourth quarter, primarily because of its decision to shelve a development project and adopt Comcast’s platform for the next generation of cable TV delivery systems.
PotashCorp hit some difficult financial times in its end of the year financial results.
Hunter Harrison sells CP Rail shares for $35-million
– theglobeandmail.com
Outgoing CEO Hunter Harrison has sold all common stock in CP as he prepares to move to Florida-based railway CSX Corp.
