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’Tis the season for tax-loss selling in Canada + MORE Dec 8th
With 2023’s year-end fast approaching, late December is a critical period for Canadian investors and their money managers. Now that we’re in the fourth quarter, this is the time to take inventory of your investments—and specifically taxable non-registered investment accounts—with an eye to m.... More »
Balancing personal and financial goals as you build a new life in Canada + MORE Nov 19th
Starting over in a new country can feel like being handed a blank canvas and a long to-do list. There’s the excitement of exploring your new surroundings, trying new foods, and building a life from scratch. But alongside that is the very real pressure of needing to get your finances in order.
F.... More »
The best student credit cards in Canada for 2024 + MORE Oct 7th
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
Canada’s Best Dividend Stocks 2021 + MORE Jan 22nd
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Canadian seniors, watch out for these scams + MORE Mar 29th
You don’t have to be a senior to be aware that scams of all sorts abound in both the physical and—increasingly—the cyber world. Sadly, the rise of artificial intelligence (AI) has exacerbated frauds of all kinds. While anyone can fall prey to technology-enabled schemes to separate them from th.... More »
Canaccord Genuity’s top 24 stock picks for 2018
– theglobeandmail.com
Here are the analysts’ selections arranged by sector
Montreal’s real estate market sizzled in 2017 with sales hitting 10 year high
– canadianbusiness.com
Montreal was one of Canada’s hottest real estate markets last year as low unemployment and economic growth translated into the area’s best sales growth in a decade.
Total sales in the Greater Montreal Area increased eight per cent to 44,448 on the strength of condominium sales and good overall activity on the Island of Montreal.
Sales growth exceeded 20 per cent in five of the city’s most popular boroughs.
That compared with sales decreases of 18 per cent in the Greater Toronto Area and 10 per cent in Greater Vancouver.
Unlike Toronto and Vancouver, Montreal doesn’t have a foreign buyers tax.
More than 14,000 condos changed hands across the Island of Montreal and nearby communities during the year, marking a 17 per cent increase from 2016.
“It’s on fire,” said Paul Cardinal, manager market analysis for the Quebec Federation of Real Estate Boards.
The overall sales growth far exceeded his expectations. He said the last time growth in Montreal sales outpaced Toronto and Vancouver was in 1998…
Total sales in the Greater Montreal Area increased eight per cent to 44,448 on the strength of condominium sales and good overall activity on the Island of Montreal.
Sales growth exceeded 20 per cent in five of the city’s most popular boroughs.
That compared with sales decreases of 18 per cent in the Greater Toronto Area and 10 per cent in Greater Vancouver.
Unlike Toronto and Vancouver, Montreal doesn’t have a foreign buyers tax.
More than 14,000 condos changed hands across the Island of Montreal and nearby communities during the year, marking a 17 per cent increase from 2016.
“It’s on fire,” said Paul Cardinal, manager market analysis for the Quebec Federation of Real Estate Boards.
The overall sales growth far exceeded his expectations. He said the last time growth in Montreal sales outpaced Toronto and Vancouver was in 1998…
Quebec government settles lawsuits over two large Montreal hospitals
– canadianbusiness.com
MONTREAL _ The Quebec government is paying $233 million to settle lawsuits over extra costs related to the construction of two large Montreal hospitals, including one that is at the centre of bribery allegations involving a former chief executive of SNC-Lavalin.
The province will pay $125 million to the Centre Hospitalier du Universite de Montreal (CHUM) and its partner, Collectif Sante Montreal (CSM). The group had claimed $367 million in its lawsuit.
Quebec will also pay $108 million to the McGill Health Real Estate Group, a partnership between SNC-Lavalin (TSX:SNC) and Innisfree Ltd., to settle the $360 million claim of two lawsuits over the McGill University Health Centre.
The first settlement was reached more than a year ago, but kept confidential to avoid interfering with the McGill suit. It covers two phases of the $3-billion downtown project. The first opened in September and a second one is to be completed in 2021.
SNC-Lavalin (TSX:SNC) filed suit in 2016 against the McGill University Health Centre and the government over extra costs to build the $1…
The province will pay $125 million to the Centre Hospitalier du Universite de Montreal (CHUM) and its partner, Collectif Sante Montreal (CSM). The group had claimed $367 million in its lawsuit.
Quebec will also pay $108 million to the McGill Health Real Estate Group, a partnership between SNC-Lavalin (TSX:SNC) and Innisfree Ltd., to settle the $360 million claim of two lawsuits over the McGill University Health Centre.
The first settlement was reached more than a year ago, but kept confidential to avoid interfering with the McGill suit. It covers two phases of the $3-billion downtown project. The first opened in September and a second one is to be completed in 2021.
SNC-Lavalin (TSX:SNC) filed suit in 2016 against the McGill University Health Centre and the government over extra costs to build the $1…
CIBC acquires tech savvy Wellington Financial, launches CIBC Innovation Banking
– canadianbusiness.com
TORONTO _ CIBC has signed a deal to acquire Wellington Financial as part of its plan to grow its business in the fast-moving technology sector.
Financial terms of the deal were not immediately available.
The specialty finance firm will become part of CIBC Innovation Banking, a new business for the big bank (TSX:CM) focused on providing strategic advice and funding to technology sector clients.
Wellington Financial chief executive Mark McQueen will become president and executive managing director of CIBC Innovation Banking.
Founded in 2000, Wellington Financial has been focused on providing growth capital to early and mid-stage technology companies.
It is based in Toronto with offices in New York and California.
The post CIBC acquires tech savvy Wellington Financial, launches CIBC Innovation Banking appeared first on Canadian Business – Your Source For Business News.
Financial terms of the deal were not immediately available.
The specialty finance firm will become part of CIBC Innovation Banking, a new business for the big bank (TSX:CM) focused on providing strategic advice and funding to technology sector clients.
Wellington Financial chief executive Mark McQueen will become president and executive managing director of CIBC Innovation Banking.
Founded in 2000, Wellington Financial has been focused on providing growth capital to early and mid-stage technology companies.
It is based in Toronto with offices in New York and California.
The post CIBC acquires tech savvy Wellington Financial, launches CIBC Innovation Banking appeared first on Canadian Business – Your Source For Business News.
Lululemon raising fourth quarter guidance following holiday season
– canadianbusiness.com
VANCOUVER _ Lululemon Athletica Inc. is raising its sales and earnings guidance for its fourth quarter.
The retailer says it now expects net revenue will be in the range of $905 million to $915 million for the quarter based on a total comparable sales increase in the high single digits on a constant dollar basis.
The revised forecast compares with its earlier guidance for net revenue in the range of $870 million to $885 million for the fourth quarter based on a total comparable sales increase in the mid-single digits on a constant dollar basis.
Lululemon also says it now expects diluted earnings per share of $1.24 to $1.26 for the fourth quarter. Excluding the impact of the restructuring of its Ivivva operations, it expects adjusted diluted earnings per share in the range of $1.25 to $1.27.
That is up from earlier guidance for diluted earnings per share of $1.18 to $1.21, or $1.19 to $1.22 excluding the Ivivva restructuring.
The guidance did not include the impact of the U.S. tax reform which was enacted late last year…
The retailer says it now expects net revenue will be in the range of $905 million to $915 million for the quarter based on a total comparable sales increase in the high single digits on a constant dollar basis.
The revised forecast compares with its earlier guidance for net revenue in the range of $870 million to $885 million for the fourth quarter based on a total comparable sales increase in the mid-single digits on a constant dollar basis.
Lululemon also says it now expects diluted earnings per share of $1.24 to $1.26 for the fourth quarter. Excluding the impact of the restructuring of its Ivivva operations, it expects adjusted diluted earnings per share in the range of $1.25 to $1.27.
That is up from earlier guidance for diluted earnings per share of $1.18 to $1.21, or $1.19 to $1.22 excluding the Ivivva restructuring.
The guidance did not include the impact of the U.S. tax reform which was enacted late last year…
