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Stock market news for investors: Canadian banks report Q1 earnings + MORE Feb 28th
Companies that reported earnings this week
BMO
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RBC
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The best GIC rates in Canada for 2024 Sep 3rd
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Frank Stronach sues daughter Belinda for allegedly mismanaging family fortune Oct 11th
An Ontario business magnate is suing his daughter, two grandchildren and others for allegedly mismanaging the family's assets and trust funds..... More »
Red Hat stock up 47% after $34B US takeover by IBM Oct 29th
Shares of Red Hat skyrocketed 47 per cent at the opening of trading in New York Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company..... More »
Canadian tech firm Lightspeed walloped by short-seller attack - CBC.ca Sep 30th
Canadian tech firm Lightspeed walloped by short-seller attack CBC.caLightspeed responds to short-seller attack that caused stock to drop Yahoo Canada FinanceMore than $2-billion in market cap zapped as short-seller takes aim at Lightspeed The Globe and MailLightspeed.... More »
Ford hires 400 for Canadian connected car research
– canadianbusiness.com
Ford Motor Co. will hire approximately 400 employees from embattled communications company BlackBerry Ltd. as part of sizable new investments in Canada that include a connected-vehicle research centre in Ottawa, the smartphone maker said Thursday.
Ford said the Ottawa research centre is part of a $500 million Canadian (US $376 million) investment. The company also plans to increase sustainability and fuel economy research at its Windsor and Oakville operations. The company said it will hire approximately 300 engineers in Canada and 100 additional hardware and software engineers in the U.S. to support the work of the Canadian team.
The new Ottawa Research and Engineering Centre in Canada will focus on research and development across infotainment, in-vehicle modems, gateway modules, driver-assist features and autonomous vehicles, said Ford. Additional facilities will be located in Waterloo and Oakville, Ontario, as well as Cary, North Carolina and Sunrise, Florida. It will be Ford’s first centre focused on connectivity research and advanced technology in Canada…
Ford said the Ottawa research centre is part of a $500 million Canadian (US $376 million) investment. The company also plans to increase sustainability and fuel economy research at its Windsor and Oakville operations. The company said it will hire approximately 300 engineers in Canada and 100 additional hardware and software engineers in the U.S. to support the work of the Canadian team.
The new Ottawa Research and Engineering Centre in Canada will focus on research and development across infotainment, in-vehicle modems, gateway modules, driver-assist features and autonomous vehicles, said Ford. Additional facilities will be located in Waterloo and Oakville, Ontario, as well as Cary, North Carolina and Sunrise, Florida. It will be Ford’s first centre focused on connectivity research and advanced technology in Canada…
TD Bank reviewing concerns about sales practices: CEO
– moneysense.ca
TORONTO — TD Bank says it is reviewing concerns about its sales practices in light of reports that some employees allegedly broke the law in order to meet sales targets and keep their jobs.
CEO Bharat Masrani says the bank received “a few hundred complaints” last year regarding its sales practices that were escalated.
Masrani says less than 100 of those complaints affecting customers had compliance concerns, and all of them were investigated and addressed.
He made his comments during the bank’s annual shareholder meeting, several weeks after the CBC reported that unnamed bank employees alleged they used aggressive, and in some cases illegal, sales practices.
The Financial Consumer Agency of Canada has launched an investigation into business practices among federally regulated financial sector following the reports.
The post TD Bank reviewing concerns about sales practices: CEO appeared first on MoneySense.
CEO Bharat Masrani says the bank received “a few hundred complaints” last year regarding its sales practices that were escalated.
Masrani says less than 100 of those complaints affecting customers had compliance concerns, and all of them were investigated and addressed.
He made his comments during the bank’s annual shareholder meeting, several weeks after the CBC reported that unnamed bank employees alleged they used aggressive, and in some cases illegal, sales practices.
The Financial Consumer Agency of Canada has launched an investigation into business practices among federally regulated financial sector following the reports.
The post TD Bank reviewing concerns about sales practices: CEO appeared first on MoneySense.
0330 rb im shufelt tsx
– theglobeandmail.com
No description available
The close: Nasdaq sets record closing high; TSX pulls back as Cenovus tumbles
– theglobeandmail.com
Canada’s main stock index pulled back from a one-month high on Thursday as deal-related news pressured shares of Cenovus and CIBC.
Shares in Cenovus Energy were down 11 per cent shortly after markets opened Thursday following its announcement to acquire Canadian assets belonging to Houston-based ConocoPhillips.
