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The Canadian mortgage stress test, explained Jul 18th
The Canadian mortgage stress test applies to anyone applying for a mortgage, refinancing their current home loan, or renegotiating the terms of their mortgage contract with a federally regulated lender. And while provincially regulated lenders have more flexibility when it comes to mortgage app.... More »
3 Visual Storytelling Tips to Give Your Online Brand an Edge Apr 30th
Content that includes a visual gets 94% more views than pure text alone. In other words, visual storytelling should be a huge part of your company’s marketing strategy.
But many businesses feel overwhelmed by creating visual assets. It can be intimidating, but these tips will help you out.
Ch.... More »
Elon Musk says talking to Saudi fund, others on Tesla buyout Aug 13th
Tesla Inc. chief executive Elon Musk said on Monday a July 31 meeting with Saudi Arabia's sovereign wealth fund convinced him he could secure funding to take the electric car-maker private, but that he was still talking to the fund and other investors as he seeks to nail down fina.... More »
Selling stocks at a loss in a TFSA: What it means for your contribution room Apr 11th
Ask MoneySense
I lost $20,000 dollars in my TFSA account in the market correction, and my broker sold the losing stocks. Can I put more money in to bring me back up the to the limit the government allows?—Wayne
Capital losses in a TFSA
A capital loss is when you sell an investment at a lowe.... More »
4000 people in B.C. getting COVID-19 vaccine by end of next week, premier says - CTV News Vancouver Dec 8th
4000 people in B.C. getting COVID-19 vaccine by end of next week, premier says CTV News VancouverYou can apply for the B.C. Recovery Benefit — worth up to $1,000 — starting Dec. 18, government says CBC.caDetails released on how to apply for B.C.’s COVID-19 recovery benefi.... More »
Engineering company Aecom to buy URS for $4 billion
– canadianbusiness.com
LOS ANGELES, Calif. – Engineering design company Aecom Technology Corp. said Sunday it is buying URS Corp. for $4 billion in cash and stock, or about $56.31 per URS share.
The price is 8 per cent above URS’s closing stock price of $52.02 on Friday, but 19 per cent above the average price for the last 30 days. Shares spiked and retreated on Friday on a report that URS was looking to sell.
The California-based companies said the combination was necessary to building an integrated infrastructure services company that can operate globally and provide services including design, financing, construction and operation of buildings. The combined firm will be headquartered in Los Angeles.
The companies had worked together on projects such as the Barclays Center in Brooklyn and the World Trade Center in New York.
Aecom CEO Michael Burke said the deal will give Aecom a broader portfolio of services and access to URS’ strong client relationships in the oil and gas, power and government services sectors…
The price is 8 per cent above URS’s closing stock price of $52.02 on Friday, but 19 per cent above the average price for the last 30 days. Shares spiked and retreated on Friday on a report that URS was looking to sell.
The California-based companies said the combination was necessary to building an integrated infrastructure services company that can operate globally and provide services including design, financing, construction and operation of buildings. The combined firm will be headquartered in Los Angeles.
The companies had worked together on projects such as the Barclays Center in Brooklyn and the World Trade Center in New York.
Aecom CEO Michael Burke said the deal will give Aecom a broader portfolio of services and access to URS’ strong client relationships in the oil and gas, power and government services sectors…
Whiting to become No. 1 Bakken region producer in deal to buy Kodiak for $6 billion in stock
– canadianbusiness.com
DENVER – Whiting Petroleum Corp. said Sunday it is buying Kodiak Oil & Gas Corp. for $6 billion in stock, worth $13.90 per share, in a deal that will make it the largest producer in the booming Bakken region of North Dakota and Montana.
The combined company had over 107,000 barrels of oil equivalent production per day in the first quarter.
The merger is meant to take advantage of cost savings through technological expertise, complementary drilling areas and better access to capital. It also gives it a stronger credit profile.
Whiting CEO James Volker said both companies’ shareholders will benefit from the combination. Next year, the company is expected to produce 152,000 barrels of oil equivalent per day, he said.
The deal will increase earnings per share starting in 2015.
Kodiak shareholders will get 0.177 shares of Whiting stock for every share they hold. The value is about 5 per cent above the average price over the last 60 trading days. After the transaction, Whiting shareholders will own about 71 per cent of the company, while Kodiak shareholders will own about 29 per cent…
The combined company had over 107,000 barrels of oil equivalent production per day in the first quarter.
The merger is meant to take advantage of cost savings through technological expertise, complementary drilling areas and better access to capital. It also gives it a stronger credit profile.
Whiting CEO James Volker said both companies’ shareholders will benefit from the combination. Next year, the company is expected to produce 152,000 barrels of oil equivalent per day, he said.
The deal will increase earnings per share starting in 2015.
Kodiak shareholders will get 0.177 shares of Whiting stock for every share they hold. The value is about 5 per cent above the average price over the last 60 trading days. After the transaction, Whiting shareholders will own about 71 per cent of the company, while Kodiak shareholders will own about 29 per cent…
