Snapchat owner to choose NYSE over Nasdaq for IPO, sources say + MORE Jan 31st

The selection comes as Snap prepares to make its earnings public this week ahead of the IPO that is expected in March

Gail Vaz-Oxlade, right, and Victoria Ryce, co-authors of “The CEO of Everything” are pictured in Toronto as they promote their book on Thursday January 12, 2017. THE CANADIAN PRESS/Chris Young
TORONTO — After years devoted to dispensing financial know-how, Gail Vaz-Oxlade is delving into more personal territory to help a sizable demographic: individuals feeling adrift after the abrupt end of their marriages.
The longtime financial writer, bestselling author and former TV host teamed with friend and collaborator Victoria Ryce on the book “CEO of Everything” (Collins), drawing on their own experiences navigating the unexpected hardships of newly single life.
“I think part of this whole thing is there is a group of people out there that are suddenly single — which we are both members of — and whether you come to it from divorce or you come to it through widowhood, that … sense of having the rug dragged out from under you,” said Vaz-Oxlade, a three-time divorcee…

U.S. stocks are falling Monday morning, following global stock indexes lower, as energy and technology companies take sharp losses. Airlines skidded after President Donald Trump ordered impose a travel ban on seven Muslim-majority countries, which lead to protests and disruption at airports. Banks and basic materials companies also fell, and energy companies declined with oil prices.
KEEPING SCORE: The Dow Jones industrial average fell 141 points, or 0.7 per cent, to 19,952 as of 10:18 a.m. Eastern time. The Standard & Poor’s 500 index lost 19 points, or 0.8 per cent, to 2,275. The Nasdaq composite dropped 70 points, or 1.2 per cent, to 5,590 after closing at an all-time high Friday.
TRUMP TRAVEL TROUBLE: Late Friday Trump signed an executive order that suspended the U.S. refugee program for 120 days and blocked travel to the U.S. by citizens of seven countries. The move, which is being challenged in court, triggered protests and confusion at U.S. airports, and airline stocks traded lower…

A new bank report says the protectionist policies of Donald Trump’s U.S. administration could chop the growth of Canada’s gross domestic product by as much as 1.5 per cent.
The analysis by the National Bank Financial Markets says Trump’s arrival could be good for Canada’s energy sector because of plans to revive the Keystone XL pipeline.
But it says that will be offset by big losses in exports because of possible changes to the North American Free Trade Agreement and proposed new border taxes.
The report says if the U.S. imposes a 10 per cent border adjustment tax on imports, it would result a nine per cent drop in Canadian exports, causing a 1.5 per cent decline in GDP growth.
The report says Ontario and New Brunswick could be hit the hardest because their growth has come mainly from exports to the U.S. and not internal trade with other provinces.
The report suggests Trump adviser Stephen Schwarzman’s recent reassurances on NAFTA should not be taken at face value because the softwood lumber dispute might unleash a round of tit-for-tat tariffs…

A tote board displays the closing figure for the TSX in Toronto THE CANADIAN PRESS
TORONTO—The Toronto stock market suffered its biggest loss so far this year Monday as investors grew skittish over the political and economic ramifications of U.S. President Donald Trump’s recent immigration policy.
The S&P/TSX composite index fell 170.69 points, or 1.1 per cent, to 15,405.12, with all of its sectors finishing the day in the red. Energy, metals and industrials stocks took the biggest hit as nearly all commodities declined.
The Canadian dollar gained 0.10 of a U.S. cent at 76.22 cents US.
It was similarly bleak on Wall Street, as the Dow Jones industrial average lost 122.65 points at 19,971.13, while the S&P 500 dropped 13.79 points at 2,280.90. The Nasdaq composite fell 47.07 points at 5,613.71.
Late Friday, Trump signed an executive order banning travellers from seven Muslim-majority countries from entering the U.S. for 90 days and suspending the U.S. refugee program for 120 days…