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Toronto and Vancouver among global cities at greatest risk of housing bubble: UBS + MORE Sep 28th
ZURICH _ Toronto has topped the list of major global cities most at risk of a housing bubble with Vancouver ranking fourth, according to a new report by UBS Group AB.
It’s the first time Toronto has cracked the annual rankings compiled for the UBS Global Real Estate Bubble Index, where other t.... More »
Find the best mortgage rates in Canada Oct 22nd
Mortgage rate comparison tool
Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
Why the Choice-CREIT deal is likely to be a long-term winner for investors + MORE Mar 14th
Here’s why I’ll happily exchange the Canadian Real Estate Investment Trust units in my model portfolio for units of a bigger and better Choice Properties REIT
.... More »
Best online brokers in Canada for 2025 + MORE May 20th
Not sure if you’re with the right online broker? Or just starting out on your self-directed investing journey and overwhelmed by the noise? We’re here again in 2025 to help you cut through the clutter and find the right platform to buy, sell and hold stocks, exchange-traded funds (ETFs) and othe.... More »
Unique ideas for your last will and testament Dec 1st
When you write a will, it is your opportunity to ensure your final financial and other wishes are carried out by your executors. given how many people have no will at all, I am happy to see technology is making it easier to prepare and sign a will without having to leave home. But there are circumst.... More »
Caisse snags Australian port, looks to Asia for growth
– theglobeandmail.com
With latest infrastructure investment, the Quebec pension group is taking its first ever stake in a port
Australia rejects US giant Archer Daniels Midland’s $3.1 billion takeover bid for GrainCorp
– canadianbusiness.com
CANBERRA, Australia – Australia on Friday blocked the 3.4 billion Australian dollar ($3.1 billion) takeover bid by U.S. food giant Archer Daniels Midland Co. for GrainCorp Ltd.
Treasurer Joe Hockey, invoking a rarely used power to veto foreign investment, said he rejected the 100 per cent takeover of GrainCorp because it would not be in the Australian national interest.
ADM, which owns a nearly 20 per cent stake in GrainCorp, offered to buy the remaining 80 per cent of the company last year. A sweetened offer in May amounted to 12.20 Australian dollars ($12.63) a share in cash, giving GrainCorp a value of AU$3.4 billion.
The application was the most contentious foreign takeover bid since previous governments blocked the sale of the Australian Securities Exchange to the Singapore Exchange in 2011 and Royal Dutch Shell PLC was barred from buying Australian oil and gas rival Woodside Petroleum Ltd. In 2001.
GrainCorp’s share price tumbled 22 per cent to AU$8.72 on Friday. The price was about the same as it was in October 2012 when ADM first launched its takeover bid…
Treasurer Joe Hockey, invoking a rarely used power to veto foreign investment, said he rejected the 100 per cent takeover of GrainCorp because it would not be in the Australian national interest.
ADM, which owns a nearly 20 per cent stake in GrainCorp, offered to buy the remaining 80 per cent of the company last year. A sweetened offer in May amounted to 12.20 Australian dollars ($12.63) a share in cash, giving GrainCorp a value of AU$3.4 billion.
The application was the most contentious foreign takeover bid since previous governments blocked the sale of the Australian Securities Exchange to the Singapore Exchange in 2011 and Royal Dutch Shell PLC was barred from buying Australian oil and gas rival Woodside Petroleum Ltd. In 2001.
GrainCorp’s share price tumbled 22 per cent to AU$8.72 on Friday. The price was about the same as it was in October 2012 when ADM first launched its takeover bid…
From mobile to Denver Broncos scoreboard; small company helps Twitter make money
– canadianbusiness.com
DENVER – Twitter just issued its IPO but a lingering question is how the popular worldwide microblog company will turn a profit. One Colorado-based company thinks it has found one way to help Twitter, and itself, make money.
Wayin has partnered up with the Denver Broncos to project tweeted photos and tweets from fans onto the Sports Authority Field at Mile High’s Thundervision 2, the stadium’s marquee 40-foot high, by 220 foot wide video scoreboard.
The software allows ads to be placed next to the tweets to generate revenue. It’s unclear how that could impact Twitter’s bottom line. None of the companies would discuss how much money is generated through the deal.
The Broncos rolled out Wayin’s software during the game versus division rival Kansas City Chiefs on Nov. 17.
The team uses the software to search terms or so-called hashtags to find tweets by category from the thousands sent about the game and then pick the ones to send to the scoreboard and 1,100 television screens throughout the stadium, as well as to the Broncos social media hub on the Web…
Wayin has partnered up with the Denver Broncos to project tweeted photos and tweets from fans onto the Sports Authority Field at Mile High’s Thundervision 2, the stadium’s marquee 40-foot high, by 220 foot wide video scoreboard.
The software allows ads to be placed next to the tweets to generate revenue. It’s unclear how that could impact Twitter’s bottom line. None of the companies would discuss how much money is generated through the deal.
The Broncos rolled out Wayin’s software during the game versus division rival Kansas City Chiefs on Nov. 17.
The team uses the software to search terms or so-called hashtags to find tweets by category from the thousands sent about the game and then pick the ones to send to the scoreboard and 1,100 television screens throughout the stadium, as well as to the Broncos social media hub on the Web…
Pembina Pipeline boosting 2014 capital budget 56% to a record $1.5B
– canadianbusiness.com
CALGARY – Pembina Pipeline Corp. (TSX:PPL) is boosting its capital spending program to a record $1.5 billion in 2014.
Calgary-based Pembina said Thursday that the 56 per cent increase over 2013 is being largely driven by its success in securing growth opportunities during the year.
Approximately $1.3 billion, or 85 per cent of the total capital, is associated with previously announced projects, it said.
“Pembina’s capital spending plan for 2014 is indicative of the substantial suite of growth projects we have before us, the majority of which are under long-term, fee-for-service agreements,” president and CEO Mick Dilger said.
“This investment is directly aligned with our goal of providing long-term and sustainable value to our shareholders.”
Pembina plans to spend approximately $670 million, or 44 per cent of the budget, in its conventional pipelines business.
About $510 million, or 33 per cent, is going to midstream on initiatives that will increase its fee-for-service business…
Calgary-based Pembina said Thursday that the 56 per cent increase over 2013 is being largely driven by its success in securing growth opportunities during the year.
Approximately $1.3 billion, or 85 per cent of the total capital, is associated with previously announced projects, it said.
“Pembina’s capital spending plan for 2014 is indicative of the substantial suite of growth projects we have before us, the majority of which are under long-term, fee-for-service agreements,” president and CEO Mick Dilger said.
“This investment is directly aligned with our goal of providing long-term and sustainable value to our shareholders.”
Pembina plans to spend approximately $670 million, or 44 per cent of the budget, in its conventional pipelines business.
About $510 million, or 33 per cent, is going to midstream on initiatives that will increase its fee-for-service business…
Most actively traded companies on the TSX, TSX Venture Exchange markets
– canadianbusiness.com
TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,370.83 up 8.77 points):
Ram Power Corp. (TSX:RPG). Geothermal energy. Down three cents, or 25 per cent, at nine cents on 5.81 million shares.
Colossus Minerals Inc. (TSX:CSI). Miner. Up five cents, or 22.22 per cent, at 27.5 cents on 3.65 million shares. The gold sector was up 0.50 per cent at 159.62 points.
DIRTT Environmental Solutions Ltd. (TSX:DRT). Construction. Down 33 cents, or 11 per cent, at $2.67 on 3.06 million shares. The Calgary-based company completed its initial public offering Thursday at 15 million common shares at $3 for gross proceeds of $45 million.
Detour Gold Corp. (TSX:DGC). Miner. Up 50 cents, or 13.77 per cent, at $4.13 on 2.69 million shares.
DHX Media Ltd. (TSX:DHX). Entertainment. Up $1.02, or 24.46 per cent, at $5.19 on 2.63 million shares. The Halifax-based company has a deal to acquire Family and three other children’s TV channels from Bell Media for $170 million cash…
Toronto Stock Exchange (13,370.83 up 8.77 points):
Ram Power Corp. (TSX:RPG). Geothermal energy. Down three cents, or 25 per cent, at nine cents on 5.81 million shares.
Colossus Minerals Inc. (TSX:CSI). Miner. Up five cents, or 22.22 per cent, at 27.5 cents on 3.65 million shares. The gold sector was up 0.50 per cent at 159.62 points.
DIRTT Environmental Solutions Ltd. (TSX:DRT). Construction. Down 33 cents, or 11 per cent, at $2.67 on 3.06 million shares. The Calgary-based company completed its initial public offering Thursday at 15 million common shares at $3 for gross proceeds of $45 million.
Detour Gold Corp. (TSX:DGC). Miner. Up 50 cents, or 13.77 per cent, at $4.13 on 2.69 million shares.
DHX Media Ltd. (TSX:DHX). Entertainment. Up $1.02, or 24.46 per cent, at $5.19 on 2.63 million shares. The Halifax-based company has a deal to acquire Family and three other children’s TV channels from Bell Media for $170 million cash…
