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FTX collapse: OTPP writes down investment to zero - CTV News + MORE Nov 18th
FTX collapse: OTPP writes down investment to zero CTV NewsView Full Coverage on Google News.... More »
Zoocasa to stop publishing home sale data + MORE Feb 27th
Move by web-based real estate brokerage follows Toronto Real Estate Board warning
.... More »
Low oil prices force CHC Group into bankruptcy protection + MORE May 5th
IRVING, Texas – CHC Group Ltd., the parent company of Vancouver-based CHC Helicopter, is the latest company to feel the squeeze from the downtown in oil prices.
It has filed for bankruptcy protection in Texas as part of a restructuring to strengthen its financial position by reducing long-term.... More »
Alberta government to flesh out details of royalty review panel + MORE Aug 28th
EDMONTON – More details are coming today on the Alberta government’s review of oil and gas royalties and on those who will conduct it.
Industry players will be keenly interested in who will be joining Dave Mowat, head of Crown-owned bank ATB Financial, on the panel.
Mowat and Energy Mini.... More »
CSA takes big step towards ban on embedded commissions + MORE Jun 30th
CSA has released a notice indicating that securities regulators are on course to ban embedded commissions.
“After thorough examination, the CSA finds that the prevailing practice of remunerating dealers and their representatives for mutual fund sales through commissions, including sales and trail.... More »
Fund linked to Apollo Global buys 18 European hotels from Ivanhoe Cambridge
– canadianbusiness.com
MONTREAL – The real estate subsidiary of the Quebec pension fund (Caisse de depot et placement du Quebec) has sold 18 hotels in Europe to an investment fund affiliated with Apollo Global Management.
Terms of the deal between real estate company Ivanhoe Cambridge and Apollo European Principal Finance Fund II were not disclosed.
The hotels include 11 in Germany, two in Spain, two in the Netherlands and one each in Austria, Belgium and France. They operate under the Crowne Plaza banners, Holiday Inn and Holiday Inn Express IHG .
“This transaction is in line with our strategy of rationalizing our overall hotel exposure and reinvesting our capital in our core asset classes and in key markets globally,” said Ivanhoe Cambridge vice-president Sylvain Fortier.
“This sale brings to a conclusion a long-term investment for Ivanhoe Cambridge, and we are very pleased with the transaction process.”
Ivanhoe Cambridge has $40 billion in assets primarily in Canada, the United States , Europe , Brazil and Asia…
Terms of the deal between real estate company Ivanhoe Cambridge and Apollo European Principal Finance Fund II were not disclosed.
The hotels include 11 in Germany, two in Spain, two in the Netherlands and one each in Austria, Belgium and France. They operate under the Crowne Plaza banners, Holiday Inn and Holiday Inn Express IHG .
“This transaction is in line with our strategy of rationalizing our overall hotel exposure and reinvesting our capital in our core asset classes and in key markets globally,” said Ivanhoe Cambridge vice-president Sylvain Fortier.
“This sale brings to a conclusion a long-term investment for Ivanhoe Cambridge, and we are very pleased with the transaction process.”
Ivanhoe Cambridge has $40 billion in assets primarily in Canada, the United States , Europe , Brazil and Asia…
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.
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.
Lloyds underlying profits up 22 per cent, shows greater signs of rehabilitation after crisis
– canadianbusiness.com
LONDON – Lloyds Banking Group Plc is showing further signs of getting stronger.
The group, which was bailed out during the 2008 financial crisis, has made steady progress in recent months, with the government stake in the institution now at 25 per cent.
Underlying profit for the quarter ending in March rose 22 per cent to 1.8 billion pounds ($3 billion) from 1.479 billion pounds in the same period the year before.
The bank said Thursday it is on track to float off its TSB business by the summer and expects to apply for permission to start paying dividends again in the second half of the year.
Britain injected billions of pounds into its banks to shore up the system during the crisis.
The post Lloyds underlying profits up 22 per cent, shows greater signs of rehabilitation after crisis appeared first on Canadian Business.
The group, which was bailed out during the 2008 financial crisis, has made steady progress in recent months, with the government stake in the institution now at 25 per cent.
Underlying profit for the quarter ending in March rose 22 per cent to 1.8 billion pounds ($3 billion) from 1.479 billion pounds in the same period the year before.
The bank said Thursday it is on track to float off its TSB business by the summer and expects to apply for permission to start paying dividends again in the second half of the year.
Britain injected billions of pounds into its banks to shore up the system during the crisis.
The post Lloyds underlying profits up 22 per cent, shows greater signs of rehabilitation after crisis appeared first on Canadian Business.
Video: Market View: Two solitudes: The rich and the ROC
– theglobeandmail.com
As a country, Canada is rich, Michael Babad reports. But the reality is the top 1 per cent of Canadians are making the greatest wealth gains
