The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Calum Marsh: As coronavirus panic mounts, grocery shopping starts to look apocalyptic - National Post Mar 13th
Calum Marsh: As coronavirus panic mounts, grocery shopping starts to look apocalyptic National Post'It's crazy': Customers crowd Winnipeg grocery stores in wake of COVID-19 pandemic CTV NewsCoronavirus fears prompt Londoners to stock up at Costco Global NewsStores se.... More »
Should you invest in an RRSP or a TFSA? + MORE Feb 15th
In a perfect world, people would have enough money to top up both their RRSP and TFSA accounts. But that's probably not the case..... More »
Judge approves $12 million settlement for unpaid overtime class action suit + MORE Aug 22nd
TORONTO – A $12 million settlement in an unpaid overtime class action suit against BMO Nesbitt Burns Inc. is now final after the appeal period expired Monday.
An Ontario Superior Court justice granted judicial approval for the settlement in July, putting an end to more than six years of legal .... More »
How retired parents can use the FHSA to help their adult children Mar 23rd
If you’re a retiree or close to retiring, you probably have a paid-off principal residence, or should be close to having one.
However, many retirees—including me—have grown children struggling to get onto the first rung of the real estate ladder. Coming up with a down payment is still diffi.... More »
Stock Bull Run Powers Ahead as US Economy Roars: Markets Wrap - Yahoo Finance + MORE Feb 2nd
Stock Bull Run Powers Ahead as US Economy Roars: Markets Wrap Yahoo FinanceStock market today: S&P 500 hits record high after jobs report, tech earnings thrill investors Yahoo FinanceBull Market in Stocks Powers Even as the Big-Tech Trade Splinters BloombergScorc.... More »
Netflix ending ‘poison pill’ plan meant to ward off hostile takeover 2 years early
– canadianbusiness.com
LOS GATOS, Calif. – Netflix says it’s ending a move meant to help ward off hostile takeovers almost two years early.
The online video company adopted the shareholder rights plan, also known as a poison pill, in November 2012 after activist investor Carl Icahn disclosed a stake of almost 10 per cent in the company.
The poison pill was scheduled to expire in November 2015, but the company terminated it effective Monday.
According to FactSet, Icahn now owns a 4.5 per cent stake in Netflix Inc.
Netflix stock fell 51 cents to close at $366.99 on Monday. The Los Gatos, Calif.-based company’s shares have nearly quadrupled in value this year.
The post Netflix ending ‘poison pill’ plan meant to ward off hostile takeover 2 years early appeared first on Canadian Business.
The online video company adopted the shareholder rights plan, also known as a poison pill, in November 2012 after activist investor Carl Icahn disclosed a stake of almost 10 per cent in the company.
The poison pill was scheduled to expire in November 2015, but the company terminated it effective Monday.
According to FactSet, Icahn now owns a 4.5 per cent stake in Netflix Inc.
Netflix stock fell 51 cents to close at $366.99 on Monday. The Los Gatos, Calif.-based company’s shares have nearly quadrupled in value this year.
The post Netflix ending ‘poison pill’ plan meant to ward off hostile takeover 2 years early appeared first on Canadian Business.
John Levin: Secret Buybacks Are Unfair to Shareholders
– online.wsj.com
A company about to purchase a director’s stock should, at the least, file notice beforehand.
Hyperinflation: The worst investment call of the past five years
– theglobeandmail.com
According to the inflation scaremongers, after years of expansionary monetary policy, we in North America should be living in some sort of modern-day Weimar Republic, Boyd Erman writes
Berkshire Hathaway to trade about $1.4B of its Phillips 66 stock for 1 of refiner’s units
– canadianbusiness.com
OMAHA, Neb. – Warren Buffett’s company has agreed to trade roughly $1.4 billion of its stock in Phillips 66 for one of the refiner’s chemical businesses.
Houston-based Phillips 66 said Monday that Berkshire Hathaway will give up about 19 million of its 27.2 million Phillips 66 shares to acquire a business that makes additives that help crude oil flow through pipelines.
The exact number of shares will be determined by the price of the Houston-based company’s stock when the deal closes. That’s expected to happen in the first half of 2014.
Buffett says the business Berkshire is acquiring delivers consistently strong financial performance. He says Berkshire’s Ohio-based specialty chemical maker, Lubrizol, will oversee the unit’s strategic direction.
Phillips 66′s stock closed at $74.72 on Monday.
The post Berkshire Hathaway to trade about $1.4B of its Phillips 66 stock for 1 of refiner’s units appeared first on Canadian Business.
Houston-based Phillips 66 said Monday that Berkshire Hathaway will give up about 19 million of its 27.2 million Phillips 66 shares to acquire a business that makes additives that help crude oil flow through pipelines.
The exact number of shares will be determined by the price of the Houston-based company’s stock when the deal closes. That’s expected to happen in the first half of 2014.
Buffett says the business Berkshire is acquiring delivers consistently strong financial performance. He says Berkshire’s Ohio-based specialty chemical maker, Lubrizol, will oversee the unit’s strategic direction.
Phillips 66′s stock closed at $74.72 on Monday.
The post Berkshire Hathaway to trade about $1.4B of its Phillips 66 stock for 1 of refiner’s units appeared first on Canadian Business.
Cracker Barrel says it won’t consider a sale, turning down proposal from Biglari
– canadianbusiness.com
LEBANON, Tenn. – Cracker Barrel says it won’t consider selling itself, rejecting a push from its biggest shareholder.
The company said Monday that it will continue pursuing its own business strategies.
Last week shareholder Sardar Biglari said he was willing to make a bid for the company and urged it to consider selling itself.
Biglari, through his investment firm Biglari Holdings, owns nearly 20 per cent of Cracker Barrel Old Country Store Inc.’s shares. He has tried and failed multiple times to win a seat on the board. Shareholders also recently rejected his proposal for a $20-per-share special dividend.
Shares of Cracker Barrel lost $1.06 to $110.20 on Monday. The stock is up 72 per cent in 2013.
The post Cracker Barrel says it won’t consider a sale, turning down proposal from Biglari appeared first on Canadian Business.
The company said Monday that it will continue pursuing its own business strategies.
Last week shareholder Sardar Biglari said he was willing to make a bid for the company and urged it to consider selling itself.
Biglari, through his investment firm Biglari Holdings, owns nearly 20 per cent of Cracker Barrel Old Country Store Inc.’s shares. He has tried and failed multiple times to win a seat on the board. Shareholders also recently rejected his proposal for a $20-per-share special dividend.
Shares of Cracker Barrel lost $1.06 to $110.20 on Monday. The stock is up 72 per cent in 2013.
The post Cracker Barrel says it won’t consider a sale, turning down proposal from Biglari appeared first on Canadian Business.
