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Buying pre-construction: What if your home is worth less than you paid? + MORE Jan 26th
Many Canadians bought pre-construction homes and condos at the height of the real estate market, as ultra-low interest rates fuelled a steady climb in Canadian real estate prices. Now some of those buyers are walking away from their purchases, unable to close on properties worth less than they paid .... More »
Policy change means women giving birth away from reserve aren’t alone + MORE Apr 10th
Minister of Health Jane Philpott speaks with the media during a break in meetings at the Finance Ministers meeting in Ottawa, Monday, December 19, 2016. (Adrian Wyld/CP)
OTTAWA — Health Minister Jane Philpott says Ottawa will now pay for someone to travel with indigenous women who need to leave th.... More »
Initial public offerings scheduled to debut next week + MORE Jun 26th
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of June 29:
ConfirMIS Inc. – Bedford, Mass., 9 million shares, priced $14 to $16, managed by J.P. Morgan, and Deuts.... More »
DC plans once you retire: What do you do with them? + MORE Jun 26th
Two questions, two experts share their answers on what to do with a defined contribution (DC) pension plan when Canadians retire.
What to do with a DC plan when you’re about to retire
Ask MoneySense
My husband has an DC RPP through an insurance company and will retire within the next year. .... More »
Greece bailout: Merkel ally urges rethink for MPs who voted against Greek talks - The Australian Financial Review + MORE Jul 18th
The Australian Financial ReviewGreece bailout: Merkel ally urges rethink for MPs who voted against Greek talksThe Australian Financial ReviewThe parliamentary leader of Angela Merkel's conservatives rejected criticism of Wolfgang Schaeuble's suggestion that Greece might be better off takin.... More »
Valeant extends hostile US$50B takeover bid for Allergan until Dec. 31
– canadianbusiness.com
LAVAL, Que. – Valeant Pharmaceuticals International, Inc. (TSX:VRX) is extending the deadline for its more than US$50-billion hostile takeover bid for Botox-maker Allergan (NYSE:AGN).
Quebec-based Valeant, whose cash-and-stock offer was set to expire on Friday, announced after markets closed Friday that it was extending the bid until 5 p.m. ET on Dec 31.
Valeant, backed by activist investor Bill Ackman, whose Pershing Square Capital Investment holds some 10 per cent of Allergan stock, originally announced its takeover bid back in April and has since boosted it twice to some US$53 billion.
Valeant said on Friday that all other terms and conditions of the bid remain unchanged under the extension.
Meanwhile, Allergan has steadfastly rejected the offer, at times disparaging both the bid and Valeant’s business model.
And on Aug. 1 it filed a lawsuit accusing Valeant and Pershing Square Capital of using fraud and insider trading to further their hostile takeover attempt of the California-based drug company…
Quebec-based Valeant, whose cash-and-stock offer was set to expire on Friday, announced after markets closed Friday that it was extending the bid until 5 p.m. ET on Dec 31.
Valeant, backed by activist investor Bill Ackman, whose Pershing Square Capital Investment holds some 10 per cent of Allergan stock, originally announced its takeover bid back in April and has since boosted it twice to some US$53 billion.
Valeant said on Friday that all other terms and conditions of the bid remain unchanged under the extension.
Meanwhile, Allergan has steadfastly rejected the offer, at times disparaging both the bid and Valeant’s business model.
And on Aug. 1 it filed a lawsuit accusing Valeant and Pershing Square Capital of using fraud and insider trading to further their hostile takeover attempt of the California-based drug company…
Tesla Motors extends drive-unit warranty for Model S sedan to 8 years, unlimited miles
– canadianbusiness.com
PALO ALTO, Calif. – Electric car maker Tesla Motors says it has extended the drive-unit warranty for its Model S sedan to make it good for eight years and unlimited miles.
The drive-unit warranty, now matching that for the battery pack, will apply retroactively to all Model S vehicles and all owners. Tesla CEO Elon Musk said in a blog posting Friday that the move reflects the company’s belief that electric motors are more reliable than gasoline engines.
He wrote that the warranty extension will have “a moderately negative effect” on Tesla’s earnings in the short term as its reserves to cover warranties are increased.
Tesla, based in Palo Alto, California, is preparing for the launch of a new SUV and a massive new battery plant.
The post Tesla Motors extends drive-unit warranty for Model S sedan to 8 years, unlimited miles appeared first on Canadian Business.
The drive-unit warranty, now matching that for the battery pack, will apply retroactively to all Model S vehicles and all owners. Tesla CEO Elon Musk said in a blog posting Friday that the move reflects the company’s belief that electric motors are more reliable than gasoline engines.
He wrote that the warranty extension will have “a moderately negative effect” on Tesla’s earnings in the short term as its reserves to cover warranties are increased.
Tesla, based in Palo Alto, California, is preparing for the launch of a new SUV and a massive new battery plant.
The post Tesla Motors extends drive-unit warranty for Model S sedan to 8 years, unlimited miles appeared first on Canadian Business.
We help families get five-figure refunds: Roseman
– thestar.com
We helped a family recover a large credit card balance paid by a widow left without assets. We also got a $12,000 refund on a heating system.
CALGARY – Some of the world’s costliest energy projects are in Alberta’s oilsands and some could be cancelled without higher oil prices, according to a new report by a London-based financial think-tank that focuses on climate risk.
The study by the Carbon Tracker Initiative highlighted 20 of the biggest projects around the world that need a minimum oil price of US$95 a barrel to be economically viable.
Most on the list require prices well north of US$110 a barrel and a few in the oilsands even need prices higher than US$150, said the report.
Crude for September delivery was at around US$97 a barrel in New York on Friday.
In total, the 20 projects represent close to $91 billion in capital spending over the next decade.
The report’s authors question whether those funds should be invested in risky projects.
“This analysis demonstrates the worsening cost environment in the oil industry and the extent to which producers are chasing volume over value at the expense of returns,” said CTI analyst Andrew Grant…
The study by the Carbon Tracker Initiative highlighted 20 of the biggest projects around the world that need a minimum oil price of US$95 a barrel to be economically viable.
Most on the list require prices well north of US$110 a barrel and a few in the oilsands even need prices higher than US$150, said the report.
Crude for September delivery was at around US$97 a barrel in New York on Friday.
In total, the 20 projects represent close to $91 billion in capital spending over the next decade.
The report’s authors question whether those funds should be invested in risky projects.
“This analysis demonstrates the worsening cost environment in the oil industry and the extent to which producers are chasing volume over value at the expense of returns,” said CTI analyst Andrew Grant…
Alberta Investment Management Corp. says it has acquired a $520.3-million mortgage portfolio from the Ontario Municipal Employees Retirement System, commonly known as OMERS.
