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Oil prices plunge below $30; analysts fear further drops to come + MORE Jan 16th
The idea of $20-a-barrel crude – derided as investment-bank sensationalism just a few months ago – is becoming far more realistic
.... More »
Is this a good time to buy a home in Canada? + MORE Sep 11th
Before the Bank of Canada (BoC) began lowering its benchmark interest rate earlier this year, some analysts predicted that falling rates would spark a significant turnaround in the real estate market. But even after three consecutive rate cuts, that scenario hasn’t played out.
“Markets’ r.... More »
Diversify Your Portfolio By Turning Bitcoin Into Silver And Gold + MORE Dec 27th
Bitcoin holders have seen massive gains in only a matter of months and that’s sending many of them scrambling for places to put their new-found wealth in the event of a crash. One of the safest places to put money right now is gold and silver bullion and with increasing acceptance of Bitcoin as a .... More »
Calgary Is Converting Abandoned Offices Into Housing Oct 16th
When Maxim Olshevsky stepped inside 909 5th Ave. SW, a 10-storey building in downtown Calgary, he could have sworn he was looking at the aftermath of a zombie apocalypse. Frayed cubicle walls loomed over piles of expired contracts; name tags lay abandoned on dust-blanketed desks. To most, this would.... More »
Who inherits a selfie? States seek to fill privacy law gaps + MORE Oct 2nd
SPRINGFIELD, Ill. – States are passing laws dealing with how to release information from online accounts to relatives when people die.
Google, Facebook and other companies have said a federal privacy law approved decades before digital storage became common prevents them from releasing electro.... More »
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,493.68 down 6.71 points):
Osisko Mining Corp. (TSX:OSK). Miner. Down 27 cents, or 3.38 per cent, to $7.73 on 17.1 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Unchanged at $4.01 on 9.8 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 22 cents, or 2.51 per cent, to $8.54 on 6.3 million shares.
Connacher Oil and Gas Ltd. (TSX:CLL). Oil and gas. Down 0.5 of a cent, or 1.47 per cent, to 33.5 cents on 4.8 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Down 78 cents, or 3.94 per cent, to $19.03 on 4.4 million shares. Barrick Gold’s long courtship with another of North America’s largest gold producers is reportedly on the rocks despite the attractiveness of a merger fuelled by lower precious metal prices. News reports from the Wall Street Journal, Bloomberg and others said the two sides had been working towards completing a deal around the time of their respective annual meetings this month, but that the talks had his some snags…
Toronto Stock Exchange (14,493.68 down 6.71 points):
Osisko Mining Corp. (TSX:OSK). Miner. Down 27 cents, or 3.38 per cent, to $7.73 on 17.1 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Unchanged at $4.01 on 9.8 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 22 cents, or 2.51 per cent, to $8.54 on 6.3 million shares.
Connacher Oil and Gas Ltd. (TSX:CLL). Oil and gas. Down 0.5 of a cent, or 1.47 per cent, to 33.5 cents on 4.8 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Down 78 cents, or 3.94 per cent, to $19.03 on 4.4 million shares. Barrick Gold’s long courtship with another of North America’s largest gold producers is reportedly on the rocks despite the attractiveness of a merger fuelled by lower precious metal prices. News reports from the Wall Street Journal, Bloomberg and others said the two sides had been working towards completing a deal around the time of their respective annual meetings this month, but that the talks had his some snags…
Caterpillar cut CEO’s 2013 compensation 32 per cent to $12 million as profit and sales fell
– canadianbusiness.com
DALLAS – Caterpillar Inc. cut the value of its CEO’s pay package by 32 per cent to $12 million in 2013, a year when the heavy machinery maker saw its profits fall by a third, according to an Associated Press analysis.
Chairman and CEO Douglas Oberhelman got a small raise in salary last year, but the more important parts of his compensation — cash incentives and stock options — fell.
The AP analysis of Oberhelman’s compensation considered salary, bonus, perks and the estimated value of stock and option grants that the company reported Monday to the U.S. Securities and Exchange Commission. The calculation excluded changes in the present value of the CEO’s pension benefits, which makes the total differ from the one that Caterpillar reported in a summary table of Monday’s filing.
Oberhelman’s salary rose 2 per cent to $1.6 million. However, his cash incentive payment fell by more than half, to $2.24 million from $5.05 million in 2012 based partly on the company’s 2013 performance and partly on 2011-2013 numbers…
Chairman and CEO Douglas Oberhelman got a small raise in salary last year, but the more important parts of his compensation — cash incentives and stock options — fell.
The AP analysis of Oberhelman’s compensation considered salary, bonus, perks and the estimated value of stock and option grants that the company reported Monday to the U.S. Securities and Exchange Commission. The calculation excluded changes in the present value of the CEO’s pension benefits, which makes the total differ from the one that Caterpillar reported in a summary table of Monday’s filing.
Oberhelman’s salary rose 2 per cent to $1.6 million. However, his cash incentive payment fell by more than half, to $2.24 million from $5.05 million in 2012 based partly on the company’s 2013 performance and partly on 2011-2013 numbers…
After relative’s death, some borrowers find they must repay entire student loan tab
– canadianbusiness.com
WASHINGTON – Some student loan borrowers who had a parent or grandparent co-sign the note are finding that they must immediately pay the loan in full if the relative dies.
The Consumer Financial Protect Board says lenders have clauses in their contract that explain this could happen, but many borrowers are not aware of them.
The agency’s ombudsman, Rohit Chopra, said complaints related to this issue are growing more common because the practice is catching so many consumers by surprise. Some borrowers told to pay back the loan in full have been making timely payments, Chopra said.
While it’s unclear how prevalent it is; Chopra said it appears to be the practice among many private student loan lenders. It has affected borrowers not just when the co-signer has died, but when the co-signer has declared bankruptcy.
“We do have some concerns that with an aging population and with very long terms on certain private student loans, that this could actually increase over time,” Chopra said…
The Consumer Financial Protect Board says lenders have clauses in their contract that explain this could happen, but many borrowers are not aware of them.
The agency’s ombudsman, Rohit Chopra, said complaints related to this issue are growing more common because the practice is catching so many consumers by surprise. Some borrowers told to pay back the loan in full have been making timely payments, Chopra said.
While it’s unclear how prevalent it is; Chopra said it appears to be the practice among many private student loan lenders. It has affected borrowers not just when the co-signer has died, but when the co-signer has declared bankruptcy.
“We do have some concerns that with an aging population and with very long terms on certain private student loans, that this could actually increase over time,” Chopra said…
Barclays to join the commodities exodus
– theglobeandmail.com
The expected announcement by Barclays is part of an overhaul of its investment bank aimed at slashing costs and boosting recent lacklustre profits
Outcry as Syria sets presidential election date – Toronto Star
– news.google.ca
Toronto StarOutcry as Syria sets presidential election dateToronto StarBEIRUT—Syria set a date Monday for a presidential election widely expected to cement President Bashar Assad's increasingly confident position at the helm of the war-torn nation. The opposition immediately dismissed the announcement of the June 3 vote …Syria's Assad regime accused of using First World War-type gas against rebelsNational PostSyria elections a 'parody of democracy', say criticsABC OnlineSyria conflict: Assad election plan 'parody of democracy'BBC NewsThe Australian Financial Review -Zee News -Wall Street Journalall 705 news articles »
