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Valeant shakeup continues, hires Zoetis's Paul Herendeen as CFO - The Globe and Mail + MORE Aug 22nd
The Globe and MailValeant shakeup continues, hires Zoetis's Paul Herendeen as CFOThe Globe and MailThe shakeup in the executive ranks at Valeant Pharmaceuticals International Inc. continues with the appointment of a new chief financial officer. The Laval, Que.-based drug giant said on Monday it.... More »
Sears Canada board members have earned more than $600K since retailer's demise — and are still being paid Aug 2nd
The law firm representing former employees will appear in court this month to aruge that Sears' Canada's board of directors is a financial drain and should be disbanded..... More »
Finance leaders pledge effort to boost global growth Apr 17th
WASHINGTON – Global finance officials are vowing to try to reinvigorate a lacklustre global economy and urging governments to embrace free trade and do more to fight tax evasion.
Concluding biannual meetings by the world finance leaders, the 189-nation International Monetary Fund said in a sta.... More »
How Canada’s economy went from boom to recession so fast + MORE Jul 16th
Two hours before the street racing movie Fast and Furious 7 was released in China in April, Tang Wentian, a 21-year-old man, wrecked his Lamborghini driving the streets of central Beijing at speeds of up to 179 km/h. Locals were enraged at what they thought were spoiled, second-generation rich kids.... More »
Bernice is debt free and has savings, but wonders if she should start investing in the stock market + MORE Jan 30th
The 35-year-old millennial has her financial house largely in order, says investment adviser Jason Heath, but she may want to consider stock investments in addition to her TFSA and savings accounts.... More »
5.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-28. Click on the link above to get more details or apply online.
Caisse sells Empress Hotel in Victoria; purchase price not disclosed
– canadianbusiness.com
VICTORIA, Minn. – Ivanhoe Cambridge, the real estate arm of Quebec pension fund manager the Caisse de depot, has sold The Empress Hotel in Victoria to real estate developer Nat Bosa and his wife Flora.
Cushman & Wakefield, which acted on behalf of Ivanhoe Cambridge, did not disclose the sale price in making the announcement Thursday.
“The Empress is one of the great hotels — truly a national treasure,” said Curtis Gallagher, vice president of hotel investments for Cushman & Wakefield. “It is beyond being just an asset — it is a landmark and we’re pleased that we’ve found buyers who appreciate the hotel for what it is.”
The Empress, which opened in 1908 as a railway hotel servicing the Canadian Pacific’s steamship line, has 477 rooms, four restaurants and a conference facility, which was added in 1989.
The deal is the latest to be announced by the Caisse, which said back in May that it was getting out of the hotel business except for three luxury locations in its home province…
Cushman & Wakefield, which acted on behalf of Ivanhoe Cambridge, did not disclose the sale price in making the announcement Thursday.
“The Empress is one of the great hotels — truly a national treasure,” said Curtis Gallagher, vice president of hotel investments for Cushman & Wakefield. “It is beyond being just an asset — it is a landmark and we’re pleased that we’ve found buyers who appreciate the hotel for what it is.”
The Empress, which opened in 1908 as a railway hotel servicing the Canadian Pacific’s steamship line, has 477 rooms, four restaurants and a conference facility, which was added in 1989.
The deal is the latest to be announced by the Caisse, which said back in May that it was getting out of the hotel business except for three luxury locations in its home province…
Billions of unclaimed dollars available for recovery by Canadians
– theglobeandmail.com
Experts estimate unclaimed assets across the country could top $4-billion to $7-billion.
BlackBerry has agreed to sell its German-based research and development assets to a subsidiary of Volkswagen that deals with how modern cars interact with the driver and the world around them.
The close: Dow breezes past 17,000 but TSX slips
– theglobeandmail.com
U.S. jobs numbers blow past expectations, but gold stocks hold back Toronto stocks
