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You love your iPhone. But should you invest in Apple? + MORE Sep 27th
Financial planners caution against buying stock solely because of a company’s brand-name recognition..... More »
How much you need to retire at age 55 in small-town Ontario + MORE Dec 3rd
Chris P. and his wife Anne are both 36 years old and live in a small rural town in northern Ontario. Chris is a safety inspector and Anne works as an administrative assistant. The couple also has three boys under the age of eight. “We’re busy,” says Chris, whose wife Anne just returned to w.... 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 »
TD misses estimates with US retail hurt by interest rate cuts - BNNBloomberg.ca Feb 27th
TD misses estimates with US retail hurt by interest rate cuts BNNBloomberg.caTD Bank hikes dividend, profit falls short of forecasts The Globe and MailTD Bank misses expectations with U.S. retail hit by interest-rate cuts Financial PostNational Bank reports Q1 profit.... More »
How to Workish from home like a pro + MORE Jul 26th
From boosting employee engagement to the freedom of telecommuting to saving costs on Splenda for the break room, companies other than IBM are embracing the notion of performing jobs from far-off distances like the J.J. Bean on Davie.
But working from home can be like visiting Toronto’s la.... More »
Reasons why Flaherty was both a great and not-so-great finance minister
– canadianbusiness.com
OTTAWA – History will judge Jim Flaherty highly.
Economists in the private sector and in academia agree that the impish lawyer from Main Street — working-class Whitby, not tony Rosedale — should be judged as one of the most important and best finance ministers in the country’s history.
Being Canada’s third-longest serving finance minister made him notable; navigating one of the most serious financial crises of the past six decades — and reaching calmer waters ahead of his peers — puts him in elite company.
But no one who held the role for eight years, most of them in a minority government, could avoid the odd slip-up — and Flaherty was no exception.
Based on interviews with private-sector economists and academics, here are the Top 5 reasons Flaherty should be considered among Canada’s best three finance ministers of the post-Second World War era, as well as his five most glaring missteps.
Handling of the 2008-09 crisis. Canada’s recession was shallower than in other G7 nations, and the recovery came faster and stronger, thanks in part to Canada’s stronger fundamentals — robust banks and a government in surplus…
Economists in the private sector and in academia agree that the impish lawyer from Main Street — working-class Whitby, not tony Rosedale — should be judged as one of the most important and best finance ministers in the country’s history.
Being Canada’s third-longest serving finance minister made him notable; navigating one of the most serious financial crises of the past six decades — and reaching calmer waters ahead of his peers — puts him in elite company.
But no one who held the role for eight years, most of them in a minority government, could avoid the odd slip-up — and Flaherty was no exception.
Based on interviews with private-sector economists and academics, here are the Top 5 reasons Flaherty should be considered among Canada’s best three finance ministers of the post-Second World War era, as well as his five most glaring missteps.
Handling of the 2008-09 crisis. Canada’s recession was shallower than in other G7 nations, and the recovery came faster and stronger, thanks in part to Canada’s stronger fundamentals — robust banks and a government in surplus…
Boyd Group buying 25 auto repair shops in three U.S. states for $32.5M
– canadianbusiness.com
WINNIPEG – Boyd Group Income Fund (TSX:BYD.UN) will pay about $32.5 million to buy Dora Holdings, Inc., owner and operator of 25 collision repair centres in Illinois, Indiana and Florida under the trade name Collision Revision.
Winnipeg-based Boyd Group said Monday that the acquisition of the repair centres, which generated sales of some US$50 million in 2013, will immediately add to earnings.
Twenty-three of the 25 locations are in Illinois, including 15 in the Chicago area, while two others are in Fort Wayne, Ind. and Fort Myers, Fla.
With the new locations, Boyd will operate 288 collision repair locations across 15 U.S. states and five Canadian provinces.
“We are very pleased to announce another multi-shop acquisition to further our geographic footprint,” said president and CEO Brock Bulbuck. ” . . . This is our seventh major multi-shop acquisition since 2010 and reinforces our position as the largest multi-shop operator in North America in terms of number of locations…
Winnipeg-based Boyd Group said Monday that the acquisition of the repair centres, which generated sales of some US$50 million in 2013, will immediately add to earnings.
Twenty-three of the 25 locations are in Illinois, including 15 in the Chicago area, while two others are in Fort Wayne, Ind. and Fort Myers, Fla.
With the new locations, Boyd will operate 288 collision repair locations across 15 U.S. states and five Canadian provinces.
“We are very pleased to announce another multi-shop acquisition to further our geographic footprint,” said president and CEO Brock Bulbuck. ” . . . This is our seventh major multi-shop acquisition since 2010 and reinforces our position as the largest multi-shop operator in North America in terms of number of locations…
Of all the ways to experience identity theft, the loss of a SIN is among the more serious, as that is a user’s official thumbprint on government networks and the one that is most often used to authenticate people in the financial system, too.
Relativity’s last-minute bid for Maker rebuffed; sale to Disney to close in weeks
– canadianbusiness.com
LOS ANGELES, Calif. – Relativity Media, a film financier and movie distributor, was rebuffed in a last-minute bid for Maker Studios, the YouTube video creator that had agreed to be bought by The Walt Disney Co. last month.
Privately held Relativity offered cash and stock worth $525 million for Maker, plus up to $500 million in cash and stock if performance targets were met. Relativity also offered stock worth up to $75 million to key Maker talent and executives who did not have a stake in Maker.
Maker said Monday that its board and the majority of its shareholders had approved the sale to Disney and expects that deal to close in the next few weeks.
Maker’s deal with Disney was for $500 million in cash plus $450 million for meeting performance goals.
The post Relativity’s last-minute bid for Maker rebuffed; sale to Disney to close in weeks appeared first on Canadian Business.
Privately held Relativity offered cash and stock worth $525 million for Maker, plus up to $500 million in cash and stock if performance targets were met. Relativity also offered stock worth up to $75 million to key Maker talent and executives who did not have a stake in Maker.
Maker said Monday that its board and the majority of its shareholders had approved the sale to Disney and expects that deal to close in the next few weeks.
Maker’s deal with Disney was for $500 million in cash plus $450 million for meeting performance goals.
The post Relativity’s last-minute bid for Maker rebuffed; sale to Disney to close in weeks appeared first on Canadian Business.
AlarmForce boosts annual dividend to 12 cents; 3-cent quarterly payout May 20
– canadianbusiness.com
TORONTO – AlarmForce Industries Inc. (TSX:AF) is increasing its annual cash dividend to 12 cents from 10 cents per share.
The company, which provides alarm monitoring, video surveillance and emergency response monitoring to residential and commercial customers in both Canada and the United States, says its new quarterly dividend of three cents per share will be payable May 20 to shareholders of record on April 30.
Based on the company’s closing share price Monday or $11.24, up four cents, the higher dividend would provide an annual yield of just over one per cent.
“The board’s decision to increase the dividend reflects the company’s strong cash position and confidence in AlarmForce’s ability to continue generating profits and cash flows,” interim president and CEO Anthony Pizzonia said in a release after markets closed.
“This is in line with our strategy to deliver consistent returns to our shareholders and give them an additional opportunity to benefit from our operational strength…
The company, which provides alarm monitoring, video surveillance and emergency response monitoring to residential and commercial customers in both Canada and the United States, says its new quarterly dividend of three cents per share will be payable May 20 to shareholders of record on April 30.
Based on the company’s closing share price Monday or $11.24, up four cents, the higher dividend would provide an annual yield of just over one per cent.
“The board’s decision to increase the dividend reflects the company’s strong cash position and confidence in AlarmForce’s ability to continue generating profits and cash flows,” interim president and CEO Anthony Pizzonia said in a release after markets closed.
“This is in line with our strategy to deliver consistent returns to our shareholders and give them an additional opportunity to benefit from our operational strength…
