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Manitoba government to hand out cheques to help with rising food, fuel costs - CBC.ca + MORE Jan 26th
Manitoba government to hand out cheques to help with rising food, fuel costs CBC.caManitoba premier announces second round of inflation cheques Global NewsManitoba premier to announce new round of cheques to combat rising cost of living CBC.caSecond round of Manitoba.... More »
Calgary discussing pop-up vaccination clinics with province for communities with low uptake, city's mayor says - Calgary Herald May 19th
Calgary discussing pop-up vaccination clinics with province for communities with low uptake, city's mayor says Calgary HeraldCity wants to freeze Calgary taxes next year, but that would require more cuts CBC.caA third zero property tax increase could threaten City of Calgary se.... More »
What rising bond rates tell us about the future Mar 8th
If one were to make a ranked list of which asset classes and securities are most fun to watch, fixed income would be near the bottom, just ahead of money market funds. You certainly won’t find any Redditors calling for bonds to rocket to the moon. However, the impression that bonds are boring is n.... More »
Before the Bell: Stocks at risk of losing gains for the week + MORE Dec 18th
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
.... More »
Business Highlights + MORE Apr 25th
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Fed will likely keep rates unchanged in face of global slump
WASHINGTON (AP) — The U.S. job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this week, it seems in no mood to resume raising interest rates from ultra-lows.
With the g.... More »
4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
ICBC, Bank of China post higher profits on higher loan, fee income even as No. 2 economy slows
– canadianbusiness.com
HONG KONG – Two of China’s major state-owned banks posted higher half-year profits Thursday even as the world’s No. 2 economy slows and authorities seek to cool a credit boom.
Industrial & Commercial Bank of China, the country’s biggest state-owned lender and one of the world’s biggest banks, said that January-June profit rose 12.4 per cent to 138.5 billion yuan ($22.6 billion). Bank of China said its profit grew nearly 13 per cent to 80.7 billion yuan ($13 billion).
Both banks posted higher earnings from loans and fees in the first half of the year compared with the same period in 2012.
ICBC said net interest income climbed 11 per cent to 137.3 billion yuan while fee and commission income rose by a third to 45.5 billion yuan.
Bank of China said net interest income rose 11 per cent to 137.3 billion yuan while fees and commissions rose by a third to 45.5 billion yuan. Controls on deposit and lending rates have traditionally guaranteed bumper profits for state-owned banks…
Industrial & Commercial Bank of China, the country’s biggest state-owned lender and one of the world’s biggest banks, said that January-June profit rose 12.4 per cent to 138.5 billion yuan ($22.6 billion). Bank of China said its profit grew nearly 13 per cent to 80.7 billion yuan ($13 billion).
Both banks posted higher earnings from loans and fees in the first half of the year compared with the same period in 2012.
ICBC said net interest income climbed 11 per cent to 137.3 billion yuan while fee and commission income rose by a third to 45.5 billion yuan.
Bank of China said net interest income rose 11 per cent to 137.3 billion yuan while fees and commissions rose by a third to 45.5 billion yuan. Controls on deposit and lending rates have traditionally guaranteed bumper profits for state-owned banks…
Co-operative bank reports after-tax loss of $1.2 billion
– canadianbusiness.com
LONDON – Co-operative Bank reported a net loss of 781.5 million pounds ($1.2 billion) for the first half versus a 45.3 million pounds loss a year earlier as it struggles to rectify problems arising from the financial crisis.
The bank — a part of Britain largest mutual business — wrote off 496 million pounds in bad loans taken on in the 2009 acquisition of Britannia Building Society.
In its statement Thursday, the bank claimed it was turning things around. A rescue plan has been announced, with parent Co-Op Group pledging to fill a 1.5 billion pound ($2.3 billion) hole in the balance sheet by converting bonds into shares.
Moody’s has downgraded the bank’s debt and deposit ratings to junk status, arguing that Co-op failed to assess the losses from the Britannia portfolio.
The post Co-operative bank reports after-tax loss of $1.2 billion appeared first on Canadian Business.
The bank — a part of Britain largest mutual business — wrote off 496 million pounds in bad loans taken on in the 2009 acquisition of Britannia Building Society.
In its statement Thursday, the bank claimed it was turning things around. A rescue plan has been announced, with parent Co-Op Group pledging to fill a 1.5 billion pound ($2.3 billion) hole in the balance sheet by converting bonds into shares.
Moody’s has downgraded the bank’s debt and deposit ratings to junk status, arguing that Co-op failed to assess the losses from the Britannia portfolio.
The post Co-operative bank reports after-tax loss of $1.2 billion appeared first on Canadian Business.
RBC posts record profit of $2.3-billion, hikes dividend
– theglobeandmail.com
Latest quarter marks second time this year bank’s profit has topped $2-billion
Association expects downturn in aquaculture output in Newfoundland
– canadianbusiness.com
ST. JOHN’S, N.L. – The head of the Newfoundland Aquaculture Industry Association says a move by Gray Aquaculture to file for bankruptcy protection is indicative of a slight downturn in the industry.
However, Cyr Couturier says he’s confident the overall industry will remain strong in the province.
Couturier says Gray represents about 10 to 15 per cent of the province’s overall salmon production.
The company took a financial hit after a number of recent cases of Infectious Salmon Anemia forced it to destroy its stocks.
Couturier says there will be a downturn in the overall output of farmed salmon this year and next.
He says production this year should be in the range of 20 to 25 thousand tonnes.
(VOCM)
The post Association expects downturn in aquaculture output in Newfoundland appeared first on Canadian Business.
However, Cyr Couturier says he’s confident the overall industry will remain strong in the province.
Couturier says Gray represents about 10 to 15 per cent of the province’s overall salmon production.
The company took a financial hit after a number of recent cases of Infectious Salmon Anemia forced it to destroy its stocks.
Couturier says there will be a downturn in the overall output of farmed salmon this year and next.
He says production this year should be in the range of 20 to 25 thousand tonnes.
(VOCM)
The post Association expects downturn in aquaculture output in Newfoundland appeared first on Canadian Business.
