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The wealth gap in Canada has reached a record high of 49% in 2025, according to newly released data from Statistics Canada. That’s the highest it’s been since the agency began collecting this data in 1999. Now, Canadian households in the top 20% of the income distribution own more than two-third.... More »
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Video: How the Bank of Canada’s interest rate affects you Apr 12th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
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Best all-in-one ETFs for Canadian investors 2026 + MORE Apr 29th
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A Tax Reform for Growth
– online.wsj.com
The GOP bill will spur investment and make the U.S. more competitive.Linamar stock has best day in weeks in wake $1.2 billion of MacDon deal
– canadianbusiness.com
GUELPH, Ont. _ Linamar Corp. stock was up about 10 per cent at midday, following its agreement to buy Winnipeg-based agriculture equipment maker MacDon Industries Ltd. for $1.2 billion.
Shares of the Guelph, Ont.-based auto parts company (TSX:LNR) were at $72.01 at about noon, up $6.99 from Thursday’s close.
It’s Linamar’s best day on the market since Nov. 7, when it reported a drop in third-quarter earnings compared with a year ago and missed analyst estimates.
The MacDon deal will allow Linamar to further diversity its operations, which make precision metallic parts for a range of sectors including automobiles.
Linamar says the acquisition will also complement its existing agricultural harvesting business in Hungary.
CIBC analyst Todd Coupland says that agricultural equipment businesses generally trade at higher valuations than auto parts suppliers.
CIBC also estimates MacDon will add about 70 cents per share of earnings to its 2018 estimate for Linamar.
The company has 59 manufacturing facilities globally and about 24,500 employees…
Shares of the Guelph, Ont.-based auto parts company (TSX:LNR) were at $72.01 at about noon, up $6.99 from Thursday’s close.
It’s Linamar’s best day on the market since Nov. 7, when it reported a drop in third-quarter earnings compared with a year ago and missed analyst estimates.
The MacDon deal will allow Linamar to further diversity its operations, which make precision metallic parts for a range of sectors including automobiles.
Linamar says the acquisition will also complement its existing agricultural harvesting business in Hungary.
CIBC analyst Todd Coupland says that agricultural equipment businesses generally trade at higher valuations than auto parts suppliers.
CIBC also estimates MacDon will add about 70 cents per share of earnings to its 2018 estimate for Linamar.
The company has 59 manufacturing facilities globally and about 24,500 employees…
Toronto stock index shows moderate gain in broad based advance, loonie down
– canadianbusiness.com
TORONTO _ Canada’s main stock index moved forward today in a broad-based advance, while those on Wall Street closed at record highs.
The Toronto Stock Exchange’s S&P/TSX composite index gained 25.52 points to 16,041.98, led by a double-digit jump in the worth of Linamar Corp.’s shares.
Linamar (TSX:LNR) stock rose 11.50 per cent or $7.48 to $72.50 as the company announced it would buy Winnipeg-based agriculture equipment maker MacDon Industries Ltd. for $1.2 billion. The deal will allow the company to further diversity its operations and resulted in its best day on the market since Nov. 7.
In New York, the three major indices all reached new highs as investor confidence grew that the U.S. President Donald Trump’s tax bill was making progress in Congress. Potential hold out Senator Marco Rubio signalled he now intends to support the bill, which boosted the likelihood it could pass.
The Dow Jones industrial average advanced 143.08 points to 24,651.74, the S&P 500 index rose 23…
The Toronto Stock Exchange’s S&P/TSX composite index gained 25.52 points to 16,041.98, led by a double-digit jump in the worth of Linamar Corp.’s shares.
Linamar (TSX:LNR) stock rose 11.50 per cent or $7.48 to $72.50 as the company announced it would buy Winnipeg-based agriculture equipment maker MacDon Industries Ltd. for $1.2 billion. The deal will allow the company to further diversity its operations and resulted in its best day on the market since Nov. 7.
In New York, the three major indices all reached new highs as investor confidence grew that the U.S. President Donald Trump’s tax bill was making progress in Congress. Potential hold out Senator Marco Rubio signalled he now intends to support the bill, which boosted the likelihood it could pass.
The Dow Jones industrial average advanced 143.08 points to 24,651.74, the S&P 500 index rose 23…
Canadian regulators look to curb misleading financial results
– theglobeandmail.com
Move is meant to decrease the number of companies using non-GAAP results to persuade analysts, investors of high earnings
Canadian exporters feel pessimistic on NAFTA uncertainty, seeking new solutions
– canadianbusiness.com
TORONTO _ Nearly one-quarter of Canadian exporters believe they are negatively affected by looming NAFTA renegotiation uncertainty and are turning to creative solutions to succeed even if the free trade agreement fails, according to a poll by Export Development Canada.
The federal agency supporting export-oriented companies reported Friday that among the 23 per cent of firms surveyed that said they were negatively affected, several are contemplating strategies including moving operations south of the border, diversifying away from the U.S. or delaying investment or hiring.
Canada and the United States both expressed their hope in late summer that a new North American Free Trade Agreement agreement could be reached by year-end, but tense and combative discussions have necessitated extending negotiations to a March 2018 deadline.
However, Scotiabank economists believe even the March deadline is unlikely given that NAFTA negotiations have stumbled on several major U.S. demands, including a new requirement to increase U…
The federal agency supporting export-oriented companies reported Friday that among the 23 per cent of firms surveyed that said they were negatively affected, several are contemplating strategies including moving operations south of the border, diversifying away from the U.S. or delaying investment or hiring.
Canada and the United States both expressed their hope in late summer that a new North American Free Trade Agreement agreement could be reached by year-end, but tense and combative discussions have necessitated extending negotiations to a March 2018 deadline.
However, Scotiabank economists believe even the March deadline is unlikely given that NAFTA negotiations have stumbled on several major U.S. demands, including a new requirement to increase U…
