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Canadian bank earnings forecast bright but housing, NAFTA cloud outlook + MORE Feb 20th
The forecast for Canada's biggest banks is bright thanks to U.S. tax reform and higher interest rates, but as they report first-quarter results this week, domestic mortgage demand and the North American Free Trade Agreement could cloud the long-term outlook, analysts say..... More »
Paying back CERB, CEBA: Some Canadians facing financial troubles - CTV News Toronto Mar 11th
Paying back CERB, CEBA: Some Canadians facing financial troubles CTV News TorontoView Full Coverage on Google News.... More »
Stock futures inch higher as S&P 500 and Nasdaq face worst month in 2023: Live updates - CNBC + MORE Sep 28th
Stock futures inch higher as S&P 500 and Nasdaq face worst month in 2023: Live updates CNBCThe close: Stocks higher as bond yield surge pauses ahead of U.S. inflation report The Globe and MailStocks Tread Water Before the Open as Investors Await Key U.S. GDP Data, Nike Earn.... More »
Young investors are swarming to TikTok for financial advice — but should they? + MORE Oct 4th
There’s a lot of lousy financial advice swirling around on TikTok. But there’s good advice too. Here’s how to tell the difference..... More »
Toronto stock index crawls higher as shares in Bombardier soar after Airbus deal + MORE Oct 17th
TORONTO – Canada’s main stock index eked out a minor gain today, as shares of Bombardier Inc. soared following its CSeries deal with Airbus.
Shares in Bombardier (TSX:BBD.B) were the most heavily traded stock on the Toronto Stock Exchange as they gained nearly 16 per cent or 37 cents at .... More »
Just a few weeks after making its stock market debut, fast-casual eatery chain Freshii Inc. has unveiled plans for expansion into the United Kingdom.
Canadian, British regulators agree to help fintechs expand
– theglobeandmail.com
The agreement between the U.K.’s Financial Conduct Authority and the OSC is meant to help fintech startups navigate regulations
Saputo poised to gain full control of Australia’s Warrnambool dairy
– canadianbusiness.com
Canadian dairy giant Saputo Inc. is poised to gain full ownership of Warrnambool Cheese and Butter Factory Co. after Lion Dairy and Drinks accepted a sweetened offer to sell its minority stake in the Australian cheese and dairy producer.
Lion, a subsidiary of Japanese beverage firm Kirin, said Wednesday it formally accepted Saputo’s improved offer of A$9.05 per share cash (C$9.17 at current exchange rates) for each of the remaining shares. Saputo took control of the company in 2014 after a hard-fought takeover battle.
Lion said it will make a small profit on the sale of its 10.2 per cent stake acquired in 2013. The company sold its cheese assets to Warrnambool in 2015 as part of its focus on core dairy and juice categories.
“Today’s sale to Saputo is therefore a logical step and a positive outcome for Lion,” it said in a news release.
Lion said the sale of shares won’t affect contracts with Warrnambool, including its supply of parmesan cheese.
Saputo (TSX:SAP) said the acquisition of Lion’s stake raises its ownership in Warrnambool to more than 98 per cent…
Lion, a subsidiary of Japanese beverage firm Kirin, said Wednesday it formally accepted Saputo’s improved offer of A$9.05 per share cash (C$9.17 at current exchange rates) for each of the remaining shares. Saputo took control of the company in 2014 after a hard-fought takeover battle.
Lion said it will make a small profit on the sale of its 10.2 per cent stake acquired in 2013. The company sold its cheese assets to Warrnambool in 2015 as part of its focus on core dairy and juice categories.
“Today’s sale to Saputo is therefore a logical step and a positive outcome for Lion,” it said in a news release.
Lion said the sale of shares won’t affect contracts with Warrnambool, including its supply of parmesan cheese.
Saputo (TSX:SAP) said the acquisition of Lion’s stake raises its ownership in Warrnambool to more than 98 per cent…
Garth Drabinsky is a changed man, lawyer tells Ontario securities regulator
– canadianbusiness.com
Garth Drabinsky should not be further penalized for a fraud committed two decades ago because he is a changed man, his lawyer told the Ontario Securities Commission on Wednesday.
The province’s securities regulator began opening submissions in the long-running case against the disgraced theatre mogul, one of the central figures in the Livent Entertainment financial fraud scandal.
Drabinsky declined comment on his way into the hearing room of the OSC, which launched its regulatory cases against him and two others in 2001. Those cases were put on hold while criminal charges against the three worked their way through the courts.
“The gentleman that is sitting in this room today is not the gentleman you heard about in the course of those proceedings,” lawyer Richard Shekter told the OSC’s three-member panel.
“He has acknowledged culpability, he feels terrible about what he did and he has made it his life mission to fix it and to contribute to Canadian society.”
Drabinsky was found guilty of fraud in 2009 and sentenced to a four-year prison term for his role in a kickback scheme that cost investors an estimated $500 million…
The province’s securities regulator began opening submissions in the long-running case against the disgraced theatre mogul, one of the central figures in the Livent Entertainment financial fraud scandal.
Drabinsky declined comment on his way into the hearing room of the OSC, which launched its regulatory cases against him and two others in 2001. Those cases were put on hold while criminal charges against the three worked their way through the courts.
“The gentleman that is sitting in this room today is not the gentleman you heard about in the course of those proceedings,” lawyer Richard Shekter told the OSC’s three-member panel.
“He has acknowledged culpability, he feels terrible about what he did and he has made it his life mission to fix it and to contribute to Canadian society.”
Drabinsky was found guilty of fraud in 2009 and sentenced to a four-year prison term for his role in a kickback scheme that cost investors an estimated $500 million…
