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Canada needs an agency to handle real estate bubbles + MORE Aug 27th
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One of Bank of Canada Governor Stephen Poloz’s deputies spoke about housing this week. Lawrence Schembri was disarmingly calm while tackling a subject that can easily lead to hysteric.... More »
Big banks fined more than $5B for rigging currency markets - CTV News + MORE May 20th
CTV NewsBig banks fined more than $5B for rigging currency marketsCTV NewsWASHINGTON -- A group of global banks will pay more than $5 billion in penalties and plead guilty to rigging the world's currency market, the first time in more than two decades that major players in the financial industr.... More »
Sears Canada's court monitor opposes priority for pensioners over other creditors + MORE Sep 11th
A court-appointed monitor for the Sears Canada bankruptcy process says it opposes a proposal that would effectively allocate all the failed retailer's remaining assets to the company's underfunded pensions..... More »
Fears winds could spread BC wildfires as some evacuees return home - News1130 Jul 23rd
News1130Fears winds could spread BC wildfires as some evacuees return homeNews1130Smoke is seen rising in front of the sun as a wild fire burns near Little Fort, B.C., on July 11, 2017. THE CANADIAN PRESS/Jonathan Hayward. Summary. Environment Canada says wind gusts of about 50 kilometres per hour c.... More »
Your Next Home May Be in the Metaverse Jul 7th
Krista Kim’s dream home didn’t exist, so she built it herself—in the metaverse. In 2020, cooped up with her two kids in a Toronto condo during the Covid lockdown, the digital artist began designing her perfect escape, leaving no detail overlooked. She sketched out a glassed-walled bungalow vil.... More »
Ukraine seeking breakthrough for deal to get Russian gas for winter
– canadianbusiness.com
BRUSSELS – The European Union’s energy chief is hoping talks between Ukraine and Russia will yield the breakthrough needed to guarantee Russian gas will continue to flow to Ukraine and, by extension, parts of the EU this winter.
After inconclusive talks last week, Wednesday’s negotiations between the energy chiefs of the two nations were seen as a last-ditch attempt to stave off another crisis that could leave Ukraine without sufficient heating in the dead of winter.
EU Energy Commissioner Guenther Oettinger said that the key outstanding issue was where to find the money for cash-strapped Ukraine to pay for deliveries.
Earlier this month, Russian President Vladimir Putin and his Ukrainian counterpart, Petro Poroshenko, agreed on a broad outline of a deal, but financial issues have since bogged down talks.
The post Ukraine seeking breakthrough for deal to get Russian gas for winter appeared first on Canadian Business.
After inconclusive talks last week, Wednesday’s negotiations between the energy chiefs of the two nations were seen as a last-ditch attempt to stave off another crisis that could leave Ukraine without sufficient heating in the dead of winter.
EU Energy Commissioner Guenther Oettinger said that the key outstanding issue was where to find the money for cash-strapped Ukraine to pay for deliveries.
Earlier this month, Russian President Vladimir Putin and his Ukrainian counterpart, Petro Poroshenko, agreed on a broad outline of a deal, but financial issues have since bogged down talks.
The post Ukraine seeking breakthrough for deal to get Russian gas for winter appeared first on Canadian Business.
Goodyear beats 3Q profit expectations, misses revenue forecasts
– canadianbusiness.com
AKRON, Ohio – AKRON, Ohio (AP) _ The Goodyear Tire & Rubber Co. (GT) on Wednesday reported earnings of $161 million in its third quarter.
On a per-share basis, the Akron, Ohio-based company said it had net income of 58 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 87 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The tire maker posted revenue of $4.66 billion in the period, falling short of Street forecasts. Analysts expected $4.95 billion, according to Zacks.
Goodyear shares have decreased 2 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 8 per cent. The stock has increased 6 per cent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. GT stock research report from Zacks.
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Keywords:Goodyear,Earnings Report,Priority Earnings
The post Goodyear beats 3Q profit expectations, misses revenue forecasts appeared first on Canadian Business.
On a per-share basis, the Akron, Ohio-based company said it had net income of 58 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 87 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The tire maker posted revenue of $4.66 billion in the period, falling short of Street forecasts. Analysts expected $4.95 billion, according to Zacks.
Goodyear shares have decreased 2 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 8 per cent. The stock has increased 6 per cent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. GT stock research report from Zacks.
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Keywords:Goodyear,Earnings Report,Priority Earnings
The post Goodyear beats 3Q profit expectations, misses revenue forecasts appeared first on Canadian Business.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
Cameco Corp. announced Wednesday it posted a $146-million net loss in the third quarter as revenue fell 57 per cent from a year earlier.
UK’s Serious Fraud Office starts criminal investigation in Tesco accounting procedures
– canadianbusiness.com
LONDON – Britain’s Serious Fraud Office has launched a criminal investigation into accounting procedures at Tesco, in a case in which the retailer acknowledged it had overstated its projected profits.
Tesco had already launched an internal investigation after discovering its first-half earnings estimate had been inflated by about 263 million pounds ($423 million) due to alleged accounting errors at the company, the second largest retailer after Walmart. Eight executives have been suspended while the inquiry takes place.
The SFO’s inquiry underscores the seriousness of the matter, though it remains unclear as to whether the accounting issues were mistakes or a deliberate effort to massage the results amid troubles in facing down increasing competition.
Just moments after the SFO probe was announced Wednesday, the Financial Conduct Authority ended its inquiry.
The post UK’s Serious Fraud Office starts criminal investigation in Tesco accounting procedures appeared first on Canadian Business.
Tesco had already launched an internal investigation after discovering its first-half earnings estimate had been inflated by about 263 million pounds ($423 million) due to alleged accounting errors at the company, the second largest retailer after Walmart. Eight executives have been suspended while the inquiry takes place.
The SFO’s inquiry underscores the seriousness of the matter, though it remains unclear as to whether the accounting issues were mistakes or a deliberate effort to massage the results amid troubles in facing down increasing competition.
Just moments after the SFO probe was announced Wednesday, the Financial Conduct Authority ended its inquiry.
The post UK’s Serious Fraud Office starts criminal investigation in Tesco accounting procedures appeared first on Canadian Business.
