All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
CIBC boosts dividend after posting third-quarter net income of $1.1B + MORE Aug 24th
CIBC is reporting nearly $1.1 billion of net income for its fiscal third quarter, and an increase to its quarterly dividend..... More »
Imperial Oil’s Q1 profit falls 55% to $421 million due to lower oil prices + MORE Apr 30th
CALGARY – Imperial Oil Ltd. (TSX:IMO) says its first-quarter net income was down 55 per cent from a year ago, dropping to $421 million as a result of the global decline in oil prices.
The Calgary-based oil and gas company said that it partially offset the effect of lower crude prices with high.... More »
Red Hat stock up 47% after $34B US takeover by IBM Oct 29th
Shares of Red Hat skyrocketed 47 per cent at the opening of trading in New York Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company..... More »
How to use equity to buy a second home + MORE Sep 24th
Whether it’s for a cottage, a vacation home or a rental property, using your home’s equity can be an excellent way to buy that second home you’ve been dreaming of.
“Potential buyers may not have the cash they require to pay for an asset like a second home in part or in full,” says.... More »
Man to plead guilty in Disney insider information case, pay $801,000 to securities regulators + MORE Apr 16th
LOS ANGELES, Calif. – A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney’s $4 billion acquisition of Marvel Entertainment in 2009.
According to the deal filed in Los Angeles federal court Wednesday, Toby Scam.... More »
Canada’s IPO Market Faces Slowdown Risk for Rest of 2013
– blogs.wsj.com
The number of Canadian IPOs was down in the third quarter, and the outlook is uncertain for the rest of the year, PwC says.
ADB slashes emerging Asia forecast on weakness in China, India and US stimulus jitters
– canadianbusiness.com
HONG KONG – The Asian Development Bank cut its economic growth forecast for developing Asia on Wednesday, citing weakness in region’s two largest economies China and India and jitters over plans to scale back U.S. stimulus that destabilized financial markets.
The Manila-based lender said it expects the region’s emerging economies to grow by 6 per cent this year, down from 6.6 per cent predicted in April.
The ADB also cut its 2014 growth forecast, to 6.2 per cent from 6.7 per cent.
“Developing Asia is challenged to sustain its growth momentum,” the bank said in an update to its Asian Development Outlook report, which covers 45 developing or newly industrialized countries in Asia and the Pacific but excludes Japan.
The ADB said growth in China is softening after authorities took action to rein in credit growth and the shadow banking industry, part of a wider effort to reorient the economy away from exports and investment and toward more sustainable domestic consumption…
The Manila-based lender said it expects the region’s emerging economies to grow by 6 per cent this year, down from 6.6 per cent predicted in April.
The ADB also cut its 2014 growth forecast, to 6.2 per cent from 6.7 per cent.
“Developing Asia is challenged to sustain its growth momentum,” the bank said in an update to its Asian Development Outlook report, which covers 45 developing or newly industrialized countries in Asia and the Pacific but excludes Japan.
The ADB said growth in China is softening after authorities took action to rein in credit growth and the shadow banking industry, part of a wider effort to reorient the economy away from exports and investment and toward more sustainable domestic consumption…
Interac e-Transfer having technical problems; customers unable to deposit
– canadianbusiness.com
TORONTO – Interac says it is experiencing technical problems with its Interac e-Transfer service.
Interac spokeswoman Caroline Hubberstey says the problem is mainly affecting deposits, but a few financial institutions are having problems sending funds.
Hubberstey says most people are able to send an Interac e-Transfer but when the notification for deposit arrives at the receiver, the receiver may be unable to deposit the funds.
Hubberstey said Tuesday night that Interac was working to resolve the issue and hoped to have systems restored soon.
She says the service is affected across the country and the problem was first noticed on Tuesday morning.
She says all other Interac services — Interac Debit, Interac Cash and Interac Online — are operating normally.
The post Interac e-Transfer having technical problems; customers unable to deposit appeared first on Canadian Business.
Interac spokeswoman Caroline Hubberstey says the problem is mainly affecting deposits, but a few financial institutions are having problems sending funds.
Hubberstey says most people are able to send an Interac e-Transfer but when the notification for deposit arrives at the receiver, the receiver may be unable to deposit the funds.
Hubberstey said Tuesday night that Interac was working to resolve the issue and hoped to have systems restored soon.
She says the service is affected across the country and the problem was first noticed on Tuesday morning.
She says all other Interac services — Interac Debit, Interac Cash and Interac Online — are operating normally.
The post Interac e-Transfer having technical problems; customers unable to deposit appeared first on Canadian Business.
B.C. Premier says province close to deal on LNG taxes
– theglobeandmail.com
Christy Clark says agreement on liquefied natural gas exports would pave the way for billions of dollars in new investment from the energy sector
How far will Quebec go to nurture its video game industry?
– theglobeandmail.com
At some point, province must cut off generous tax credits which reward French developer’s investment
