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Elon Musk accused of breaking law while buying Twitter stock - CP24 Toronto's Breaking News Apr 12th
Elon Musk accused of breaking law while buying Twitter stock CP24 Toronto's Breaking NewsTwitter Shareholders Are Suing Elon Musk. Here We Go. Pajiba Entertainment NewsWhat happens now that Elon Musk is not joining Twitter's board? CTV NewsWill Elon Musk Buy More Twi.... More »
The best GIC rates in Canada for 2025 + MORE Jan 27th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Can CP Rail still flourish without Bill Ackman or Hunter Harrison? + MORE Dec 7th
(Robert Harding/Getty)
On the same day that Canadians celebrate the country’s 150th birthday, a venerable national institution will get a new leader. Next July 1, Keith Creel will take over as CEO of Canadian Pacific Railway Ltd. (TSX: CP), where he’ll have to continue writing one of corporate C.... More »
Canadian Natural Resources blames NDP for financial loss + MORE Aug 6th
A prominent Alberta oil and gas company is blaming the provincial NDP government for a loss this quarter, saying its tax hike is the reason why it was not able to post a profit..... More »
Why beating forecasts is largely irrelevant in this U.S. earnings season + MORE Jul 26th
Measuring earnings against expectations is mostly a distraction. Instead, keep your eye on the longer-term trend in profit growth
.... More »
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.
120 days – 1.70%
– 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.
Steep drop in high-flying technology stocks stirs debate about stock market’s direction
– canadianbusiness.com
SAN FRANCISCO – The stock market’s laws of gravity are inflicting pain on its highest fliers.
Just look at the list of technology trailblazers whose values have plummeted from record highs during the past few weeks. Investors have re-focused on safer sectors such as utilities, health care and consumer staples instead of companies that promise potential growth from online services that are building huge audiences.
Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 per cent to 45 per cent below their recent peaks. The steep downfall is raising questions about whether this is just a fleeting fit of fickleness or the foreshadowing of another market bubble about to burst.
The optimists point out that technology remains a bright spot in an otherwise dreary economy as software, computers, mobile devices and the Internet fill increasingly instrumental roles in work, entertainment and communications.
“Tech is where the action is,” says longtime industry analyst Roger Kay…
Just look at the list of technology trailblazers whose values have plummeted from record highs during the past few weeks. Investors have re-focused on safer sectors such as utilities, health care and consumer staples instead of companies that promise potential growth from online services that are building huge audiences.
Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 per cent to 45 per cent below their recent peaks. The steep downfall is raising questions about whether this is just a fleeting fit of fickleness or the foreshadowing of another market bubble about to burst.
The optimists point out that technology remains a bright spot in an otherwise dreary economy as software, computers, mobile devices and the Internet fill increasingly instrumental roles in work, entertainment and communications.
“Tech is where the action is,” says longtime industry analyst Roger Kay…
Canadian government announces state funeral for former longtime finance minister Jim Flaherty
– canadianbusiness.com
TORONTO – Canada’s prime minister has announced a state funeral for former longtime finance minister Jim Flaherty.
Flaherty died Thursday of a massive heart attack just three weeks after stepping down from the job. He spent eight years in the role, the longest-serving finance minister among the Group of Seven leading industrial economies.
Prime Minister Stephen Harper’s office said the funeral will take place Wednesday in Toronto.
Flaherty was Harper’s only finance minister since Harper took power in 2006. He is credited with getting Canada back on track to a balanced budget after pumping stimulus money into the economy following the 2008 financial crisis.
Politicians from all parties have been paying tribute to Flaherty. Finance ministers of the G-20 honoured Flaherty at the start of their meetings in WashingtonThursday
The post Canadian government announces state funeral for former longtime finance minister Jim Flaherty appeared first on Canadian Business.
Flaherty died Thursday of a massive heart attack just three weeks after stepping down from the job. He spent eight years in the role, the longest-serving finance minister among the Group of Seven leading industrial economies.
Prime Minister Stephen Harper’s office said the funeral will take place Wednesday in Toronto.
Flaherty was Harper’s only finance minister since Harper took power in 2006. He is credited with getting Canada back on track to a balanced budget after pumping stimulus money into the economy following the 2008 financial crisis.
Politicians from all parties have been paying tribute to Flaherty. Finance ministers of the G-20 honoured Flaherty at the start of their meetings in WashingtonThursday
The post Canadian government announces state funeral for former longtime finance minister Jim Flaherty appeared first on Canadian Business.
Tech stocks take another hit, sending Nasdaq to a 3rd straight losing week; JPMorgan slides
– canadianbusiness.com
NEW YORK, N.Y. – Technology stocks are dropping for a second day in a row as investors flee highflying Internet and biotechnology companies.
The Nasdaq composite closed out its third losing week in a row.
The Nasdaq lost 54 points, or 1.3 per cent, to end at 3,999 Friday. It was only the second time this year the index has closed below 4,000. It’s down 8 per cent from the high it reached in early March.
The Standard & Poor’s 500 fell 17 points, or 1 per cent, to 1,815. The Dow Jones industrial average fell 143 points, or 0.9 per cent, to 16,026.
JPMorgan Chase fell 4 per cent after reporting weaker earnings. Other big banks also fell, including Bank of America.
Bond prices rose. The yield on the benchmark 10-year Treasury note fell to 2.62 per cent.
The post Tech stocks take another hit, sending Nasdaq to a 3rd straight losing week; JPMorgan slides appeared first on Canadian Business.
The Nasdaq composite closed out its third losing week in a row.
The Nasdaq lost 54 points, or 1.3 per cent, to end at 3,999 Friday. It was only the second time this year the index has closed below 4,000. It’s down 8 per cent from the high it reached in early March.
The Standard & Poor’s 500 fell 17 points, or 1 per cent, to 1,815. The Dow Jones industrial average fell 143 points, or 0.9 per cent, to 16,026.
JPMorgan Chase fell 4 per cent after reporting weaker earnings. Other big banks also fell, including Bank of America.
Bond prices rose. The yield on the benchmark 10-year Treasury note fell to 2.62 per cent.
The post Tech stocks take another hit, sending Nasdaq to a 3rd straight losing week; JPMorgan slides appeared first on Canadian Business.
