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Latest News
Starbucks workers in Buffalo, N.Y., vote to unionize, a 1st for the company in U.S. - CBC News Dec 9th
Starbucks workers in Buffalo, N.Y., vote to unionize, a 1st for the company in U.S. CBC NewsIn a first, Starbucks workers agree to union in Buffalo, NY - Business News Castanet.netStarbucks baristas are so burned out from mobile app orders that it's sparked a union drive &.... More »
Millennials thinking small for affordable housing + MORE Feb 21st
The real estate market is ballooning and young buyers in their 20s and 30s are faced with huge costs for a first home. In pursuit of affordability, many millennials are adapting their expectations, seeking housing that, in some cases, is downright tiny..... More »
Months after AshleyMadison's hack, little has changed in terms of cybersecurity Dec 25th
Far from the wake-up call some expected, the data breach that aired the personal dealings and financial information of Ashley Madison clients has yet to spur concrete changes in web security or the online dating industry..... More »
Rogers doubles financial award for Writers’ Trust Fiction prize + MORE Sep 26th
(iStock)
This morning the Writers’ Trust of Canada and Rogers Communications announced that the telecommunications and media giant was doubling its annual financial commitment to the Rogers Writers’ Trust Fiction Prize, one of the country’s three major national literary awards. This year’s w.... More »
News group claims huge trove of data on offshore accounts + MORE Apr 3rd
BERLIN – An international coalition of media outlets on Sunday published what it said was an extensive investigation into the offshore financial dealings of the rich and famous, based on a vast trove of documents provided by an anonymous source.
The International Consortium of Investigative Jo.... More »
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Aviva paid out record $190 million in water damage claims last year
– canadianbusiness.com
CALGARY – Aviva Canada says it paid out a whopping $190 million in water damage claims last year — and the insurance provider says it’s part of an upward trend.
Severe flooding in Alberta and Toronto had a lot to do with the record amount — but not everything, Aviva said in a release Tuesday.
“The flooding in Alberta and Toronto certainly played a big part in the increase, but the general trend is upward. And, as severe weather events are growing in frequency, we expect to see more situations like this in the future,” said Wayne Ross, vice-president of property claims.
Even with the two high-profile natural disasters taken out of the equation, water damage still would have made up 40 per cent of Aviva’s property claims in 2013. Overall, half of last year’s property claims were related to water damage.
Aviva also said the average cost of a water damage claim rose to $20,537 last year — a 130 per cent increase from 10 years ago.
“The increasing investment Canadians are putting into their basements, combined with more frequent severe weather events and an aging sewer system that is unable to deal with large amounts of water within a short time period, results in a lot of homes experiencing damage,” said Ross…
Severe flooding in Alberta and Toronto had a lot to do with the record amount — but not everything, Aviva said in a release Tuesday.
“The flooding in Alberta and Toronto certainly played a big part in the increase, but the general trend is upward. And, as severe weather events are growing in frequency, we expect to see more situations like this in the future,” said Wayne Ross, vice-president of property claims.
Even with the two high-profile natural disasters taken out of the equation, water damage still would have made up 40 per cent of Aviva’s property claims in 2013. Overall, half of last year’s property claims were related to water damage.
Aviva also said the average cost of a water damage claim rose to $20,537 last year — a 130 per cent increase from 10 years ago.
“The increasing investment Canadians are putting into their basements, combined with more frequent severe weather events and an aging sewer system that is unable to deal with large amounts of water within a short time period, results in a lot of homes experiencing damage,” said Ross…
Montreal GazetteCouillard pledges to release details of his financial holdingsMontreal GazetteTROIS-RIVIÈRES — Quebec Liberal Party leader Philippe Couillard pledged Tuesday to release all the details of his financial holdings — including those of his wife — ahead of Thursday's televised debate, and he called on the leaders of the other political …As poll shows Liberals widening lead, Marois steps up attack on Couillard …National PostCouillard to publish tax returns; Marois says existing declarations sufficeCTV NewsCouillard on the offensive as Leger poll shows Liberals in the leadGlobalnews.caToronto Sun -CJAD -The Globe and Mailall 261 news articles »
Carnival, Walt Disney, Walgreen, Sonic and Luxottica are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Walgreen Co., up $2.11 to $66.42
Wall Street looked past a quarterly earnings miss, focusing instead on rising sales at established stores and bigger sales receipts.
Carnival Corp., down $1.98 to $38.02
Rising costs are weighing on the world’s largest cruise ship operator, which told investors to expect a loss this quarter.
The Walt Disney Co., up 6 cents to $79.55
Chasing younger viewers, the entertainment company agreed to spend $500 million acquiring YouTube channel operator Maker Studio.
Alpha Natural Resources Inc., down 18 cents to $4.34
Jefferies & Co. downgrades the coal miner, citing weak demand and the potential for falling natural gas prices.
Luxottica Group SpA, up $2.34 to $56.20
The Italian eyewear maker will create designs for Google Glass, which the company says could help produce annual growth of 5 to 10 per cent.
Nasdaq
G-III Apparel Group Ltd…
NYSE
Walgreen Co., up $2.11 to $66.42
Wall Street looked past a quarterly earnings miss, focusing instead on rising sales at established stores and bigger sales receipts.
Carnival Corp., down $1.98 to $38.02
Rising costs are weighing on the world’s largest cruise ship operator, which told investors to expect a loss this quarter.
The Walt Disney Co., up 6 cents to $79.55
Chasing younger viewers, the entertainment company agreed to spend $500 million acquiring YouTube channel operator Maker Studio.
Alpha Natural Resources Inc., down 18 cents to $4.34
Jefferies & Co. downgrades the coal miner, citing weak demand and the potential for falling natural gas prices.
Luxottica Group SpA, up $2.34 to $56.20
The Italian eyewear maker will create designs for Google Glass, which the company says could help produce annual growth of 5 to 10 per cent.
Nasdaq
G-III Apparel Group Ltd…
