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Q2, 2020 Tesla Earnings: Despite Coronavirus, Musk Delivers, TSLA Has An Amazing Quarter - Transport Evolved Jul 23rd
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The best savings and investment accounts in Canada for 2024 + MORE May 1st
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The best savings and investment accounts in Canada for 2024
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Clothing retailer Roots prices shares in IPO at between $14 and $16 + MORE Oct 2nd
Clothing retailer Roots Corp. says it is looking to price its initial public offering at between $14 and $16 per share, and says the total size of the offering could be as much as $230 million..... More »
Home Capital taps $1B from credit line as customers pull deposits
– canadianbusiness.com
Home Capital says it expects to receive an initial $1 billion on Monday from the $2 billion credit line it was provided last week as more customers pulled their savings out of the struggling mortgage lender.
Shares of the Toronto-based lender tumbled last week following allegations from Ontario’s securities watchdog that it misled investors, accusations it says are without merit and has promised to defend itself against. The news spurred many savers to withdraw their deposits, which Home Capital uses to fund its lending.
The stock tumbled another 20.77 per cent, or $1.67, shortly after the Toronto Stock Exchange opened Monday and was trading at $6.37.
Home Capital (TSX:HCG) says it expects the total amount in its high-interest savings accounts will dwindle to about $391 million by the end of Monday, a decline of about $1 billion from a week ago.
It also says the balance of total guaranteed investment certificates has fallen to $12.86 billion as of Friday, down from $13.01 billion as of last Monday…
Shares of the Toronto-based lender tumbled last week following allegations from Ontario’s securities watchdog that it misled investors, accusations it says are without merit and has promised to defend itself against. The news spurred many savers to withdraw their deposits, which Home Capital uses to fund its lending.
The stock tumbled another 20.77 per cent, or $1.67, shortly after the Toronto Stock Exchange opened Monday and was trading at $6.37.
Home Capital (TSX:HCG) says it expects the total amount in its high-interest savings accounts will dwindle to about $391 million by the end of Monday, a decline of about $1 billion from a week ago.
It also says the balance of total guaranteed investment certificates has fallen to $12.86 billion as of Friday, down from $13.01 billion as of last Monday…
Is Home Capital stock a buying opportunity?
– theglobeandmail.com
The struggling stock is attracting a group of investors who see healthy returns in the future
Valeant shares get lift after it pays down extra US$220 million from asset sales
– canadianbusiness.com
Valeant Pharmaceuticals shares got a lift Monday after the drugmaker announced it had trimmed its hefty debt by an extra US$220 million.
On the Toronto Stock Exchange, the Quebec-based company’s shares (TSX:VRX) gained almost five per cent at $13.27 in morning trading, though that’s still far off its peak of nearly $350 in August 2015.
The company says it was able to cut its debt thanks to the early closing of the sale of three skincare brands to L’Oreal and the sale of a manufacturing facility in Brazil.
Since the first quarter of 2016, Valeant says it has reduced its debt by about US$3.6 billion to around US$30 billion.
It has set a goal of paying down US$5 billion in debt by February 2018 from asset sales and earnings.
The company holds its annual meeting Tuesday in Laval, Que., with first-quarter results to be reported a week later.
The post Valeant shares get lift after it pays down extra US$220 million from asset sales appeared first on Canadian Business – Your Source For Business News.
On the Toronto Stock Exchange, the Quebec-based company’s shares (TSX:VRX) gained almost five per cent at $13.27 in morning trading, though that’s still far off its peak of nearly $350 in August 2015.
The company says it was able to cut its debt thanks to the early closing of the sale of three skincare brands to L’Oreal and the sale of a manufacturing facility in Brazil.
Since the first quarter of 2016, Valeant says it has reduced its debt by about US$3.6 billion to around US$30 billion.
It has set a goal of paying down US$5 billion in debt by February 2018 from asset sales and earnings.
The company holds its annual meeting Tuesday in Laval, Que., with first-quarter results to be reported a week later.
The post Valeant shares get lift after it pays down extra US$220 million from asset sales appeared first on Canadian Business – Your Source For Business News.
Have a Home Capital mortgage? Here's what you need to know
– theglobeandmail.com
Uncertainty breeds fear, so it’s time to look at some of the major concerns following the parent company’s stock price drop
CBC.caThis is what Toronto's downtown looked like during an electrical fireCBC.caThe subway grates rattled and the sky filled with black, brown and purple smoke as a series of explosions shook King Street West Monday afternoon. Explosion. Crews were able to contain the fire within about an hour, Platoon Chief Kevin Shaw told CBC …RBC building evacuated after hydro vault fire causes explosion, closes King Street in financial districtCP24 Toronto’s Breaking NewsBlasts in Toronto's financial district caused by hydro vault fire, police sayThe Globe and MailExplosions beneath grate on sidewalk shut down busy stretch of Toronto's financial districtNational PostToronto Sun -Globalnews.ca -680 News -London Free Pressall 59 news articles »
