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Canadians are in better financial shape than the pessimists think + MORE Jun 8th
Two reports over the past week provide fresh evidence that Canadians are reasonable savers, with strongly rising levels of wealth and good prospects for enjoyable retirements
.... More »
AI-fuelled scams on the rise as holiday shopping begins Nov 18th
As the holiday shopping season approaches, one expert says there are some scam trends emerging that consumers need to watch out for. Larry Zelvin, the head of the financial crimes unit at BMO Financial Group, said new technologies like artificial intelligence are making fraud harder to detect. “T.... More »
Feds pledge $15.3M for opioid research, harm reduction - CTV News Apr 25th
Feds pledge $15.3M for opioid research, harm reduction CTV NewsThe federal government announced an investment Wednesday of more than $15 million earmarked for opioid research and harm reduction initiatives..... More »
SNC-Lavalin CEO earned $5 million in 2014 despite asking for no bonus + MORE Apr 9th
MONTREAL – SNC-Lavalin CEO Robert Card earned nearly $5 million in compensation last year despite not being paid a bonus because of the engineering and construction company’s weak financial performance.
“In light of these disappointing financial results, the CEO requested to forgo .... More »
Are investment fees tax deductible? + MORE Aug 23rd
Q: I pay a few thousand dollars in monthly fees to the various RRSP funds that I have—all with one institution and at a preferred rate. Since these fees are to earn money, are they an allowable tax deduction?
—Jerry
A: Fees paid to a financial institution may be tax deductible, Jerry. It depe.... More »
5.5 year – 2.70%
– 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.
Gabriel Resources stock plunges amid possible setback in Romanian mine
– canadianbusiness.com
TORONTO – Gabriel Resources Ltd. shares plunged to their lowest in more than a year Monday after reports that the Romanian government may move to block the company’s Rosia Montana gold project.
The Toronto-based company (TSX:GBU) says it’s seeking clarification after reports cited the Romanian prime minister and other ministers saying the government will use an emergency procedure to halt debate of draft legislation in the two houses of parliament.
Gabriel shares were down 96 cents or 65 per cent at 51 cents on the Toronto Stock Exchange, even though the company urged markets not to read too much into the news, saying it would “advise caution in the trading of its shares.”
The stock’s previous 52-week low was $1.11.
Gabriel Resources says the threat to block debate comes despite government approval of the draft legislation in August, as well as polls that suggest support for the project, and is looking into the matter to find out what was actually said…
The Toronto-based company (TSX:GBU) says it’s seeking clarification after reports cited the Romanian prime minister and other ministers saying the government will use an emergency procedure to halt debate of draft legislation in the two houses of parliament.
Gabriel shares were down 96 cents or 65 per cent at 51 cents on the Toronto Stock Exchange, even though the company urged markets not to read too much into the news, saying it would “advise caution in the trading of its shares.”
The stock’s previous 52-week low was $1.11.
Gabriel Resources says the threat to block debate comes despite government approval of the draft legislation in August, as well as polls that suggest support for the project, and is looking into the matter to find out what was actually said…
Aramark files paperwork to take food company public for a third time
– canadianbusiness.com
Aramark Corp. has filed paperwork to take the foodservice company public for its third time.
The Philadelphia-based company first went private in 1984 to thwart a hostile takeover, then listed on the New York Stock Exchange in 2001.
It was taken private for the second time in 2007, in a $6.3 billion buyout by an investment group led by then-CEO Joseph Neubauer. The group included the private equity units of Goldman Sachs and JPMorgan, along with private investment firm Thomas H. Lee Partners.
Aramark did not specify the offering’s size or timing in regulatory filing Monday. It plans to use proceeds to repay debt.
The company provides food, uniforms and other services to schools, hospitals and businesses nationwide.
Aramark earned $104 million in 2012 on revenue of $13.5 billion.
The post Aramark files paperwork to take food company public for a third time appeared first on Canadian Business.
The Philadelphia-based company first went private in 1984 to thwart a hostile takeover, then listed on the New York Stock Exchange in 2001.
It was taken private for the second time in 2007, in a $6.3 billion buyout by an investment group led by then-CEO Joseph Neubauer. The group included the private equity units of Goldman Sachs and JPMorgan, along with private investment firm Thomas H. Lee Partners.
Aramark did not specify the offering’s size or timing in regulatory filing Monday. It plans to use proceeds to repay debt.
The company provides food, uniforms and other services to schools, hospitals and businesses nationwide.
Aramark earned $104 million in 2012 on revenue of $13.5 billion.
The post Aramark files paperwork to take food company public for a third time appeared first on Canadian Business.
Icahn ends fight for PC maker Dell days before shareholders vote on founder’s buyout offer
– canadianbusiness.com
Billionaire investor Carl Icahn is giving up his bitter takeover fight for Dell Inc. a few days before shareholders are scheduled to consider the latest buyout offer from the struggling computer maker’s founder Michael Dell.
Icahn said Monday in a letter to shareholders that he still thinks Michael Dell’s bid to take his company private undervalues the business and freezes shareholders out of any future gains. But Icahn also said it would be “almost impossible” to defeat that offer in a vote scheduled for Thursday.
Icahn and another major Dell shareholder, Southeastern Asset Management, said they won’t pursue additional efforts to defeat it.
“We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it),” Icahn wrote in the letter.
Michael Dell’s $24.8 billion bid to take his company private includes an offer of $13.75 per share plus a 13-cent dividend. Dell raised that bid last month after previous offers also drew strong criticism from Icahn and other major Dell Inc…
Icahn said Monday in a letter to shareholders that he still thinks Michael Dell’s bid to take his company private undervalues the business and freezes shareholders out of any future gains. But Icahn also said it would be “almost impossible” to defeat that offer in a vote scheduled for Thursday.
Icahn and another major Dell shareholder, Southeastern Asset Management, said they won’t pursue additional efforts to defeat it.
“We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it),” Icahn wrote in the letter.
Michael Dell’s $24.8 billion bid to take his company private includes an offer of $13.75 per share plus a 13-cent dividend. Dell raised that bid last month after previous offers also drew strong criticism from Icahn and other major Dell Inc…
Ontario fast-tracks creation of watchdog to examine provincial spending – The Globe and Mail
– news.google.ca
CBC.caOntario fast-tracks creation of watchdog to examine provincial spendingThe Globe and MailThe Ontario government will fast-track the creation of a new budget watchdog to assess public spending. The governing Liberals agreed last spring to hire a financial accountability officer, in order to secure the support of the New Democratic Party for their …Ontario Liberals to create new financial watchdogCBC.caOntario government creates spending watchdogToronto StarFall session of Ontario legislature underway680 NewsCityNews -Victoria Times Colonistall 18 news articles »
