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Bombardier founding family loses hundreds of millions on share price collapse + MORE Apr 1st
MONTREAL – Bombardier’s stock price collapse cost its controlling family hundreds of millions of dollars last year even as they collectively spent some $50 million to increase their stake in the embattled transportation company.
Most of the loss was felt by four senior members of the Bom.... More »
One of Canada's biggest translation firms faces financial ruin amid a global trail of debts Feb 13th
Able Translations was once one of the biggest companies of its kind in Canada, but a CBC investigation has unearthed the vast extent of the firm's financial delinquency — and its machinations for dealing with it..... More »
Berkshire Hathaway 4th-quarter profit up 32 per cent + MORE Feb 27th
OMAHA, Neb. – Berkshire Hathaway reported a 32 per cent jump in fourth-quarter earnings on Saturday, as its eclectic collection of subsidiaries mostly performed well.
The conglomerate based in Omaha, Nebraska, that Warren Buffett leads earned $5.48 billion, or $3,333 per Class A share. That.... More »
UK Brexit minister: Leaving EU won’t mean economic isolation + MORE Dec 1st
LONDON – Britain’s minister for leaving the European Union tried to reassure businesses on Thursday that exiting the bloc won’t cut the U.K. off from much-needed international workers and investment.
Brexit Secretary David Davis said the U.K. was seeking “the freest possible .... More »
Are stock markets loaded for bear? + MORE Feb 8th
As 2018 progresses, business leaders and market participants should – and undoubtedly will – bear in mind that we are moving ever closer to the date when payment for today’s recovery will fall due
.... More »
Canadian stock market retreats amid resources slump – Shanghai Daily (subscription)
– news.google.ca
CBC.caCanadian stock market retreats amid resources slumpShanghai Daily (subscription)TORONTO, Dec. 22 (Xinhua) — Canada's main stock market retreated Monday from a solid rally last week, as sharp selloffs in resource shares, triggered by oil and gold slump, weighed on investor sentiment ahead of the Christmas break. Toronto Stock …CANADA STOCKS-TSX edges lower as oil slip hurts energy companiesReutersToronto Stocks Close LowerWall Street JournalCanada Stocks Drop as Commodity Producers Tumble With OilBloombergLethbridge Heraldall 72 news articles »
The FDIC's Bank Holding Company Heist
– online.wsj.com
Recapitalizing a failing subsidiary bank with the assets of the parent firm is contrary to law.Year End Financial Housekeeping
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
The marketing campaigns are in full swing and people at work are becoming more edgy by the day. Yup, it’s Christmas time again!
Kidding aside this is a great time of year and I’m looking forward to the holidays with family. Christmas signals the end of some old and the birth of something new. It’s also a great time of year to address some year end tax issues, give to charity and revisit some financial stuff before it’s too late. Here are some year end financial housekeeping tips based on what we’ve done.
Realize capital losses – I sold one investment earlier this year because I wanted to offset some capital gains. Regarding the capital gains, I contributed some investments “in-kind” to my TFSA in 2014. When I did that those investments were considered sold for market value and subject to any capital gains as part of this tax year. Selling losers can be a good tax management strategy, it can make great sense if you reported capital gains on your 2013, 2012 or 2011 tax returns since you can carry back losses up to three years to offset capital gains…
The marketing campaigns are in full swing and people at work are becoming more edgy by the day. Yup, it’s Christmas time again!
Kidding aside this is a great time of year and I’m looking forward to the holidays with family. Christmas signals the end of some old and the birth of something new. It’s also a great time of year to address some year end tax issues, give to charity and revisit some financial stuff before it’s too late. Here are some year end financial housekeeping tips based on what we’ve done.
Realize capital losses – I sold one investment earlier this year because I wanted to offset some capital gains. Regarding the capital gains, I contributed some investments “in-kind” to my TFSA in 2014. When I did that those investments were considered sold for market value and subject to any capital gains as part of this tax year. Selling losers can be a good tax management strategy, it can make great sense if you reported capital gains on your 2013, 2012 or 2011 tax returns since you can carry back losses up to three years to offset capital gains…
Goldman Sachs sells controversial metals business to Swiss investment firm Reuben Brothers
– canadianbusiness.com
NEW YORK, N.Y. – Goldman Sachs says it has sold Metro International Trade Services, a metals storage business that drew lawsuits and congressional scrutiny.
The buyer is a unit of Switzerland-based investment firm Reuben Brothers. Goldman did not say what the deal’s value was. Reuben Brothers did not immediately respond to emails seeking details.
Wall Street banks have faced scrutiny for their involvement in businesses that store and transport commodities.
A Senate report in November found that Goldman Sachs Group Inc. used its stockpile of aluminum, held in warehouses near Detroit, to cause delivery delays that created shortages and inflated the metal’s price. The report said that raised prices for beverage makers and consumers.
New York-based Goldman has said that there has been no aluminum shortage and prices have fallen substantially since 2008.
The post Goldman Sachs sells controversial metals business to Swiss investment firm Reuben Brothers appeared first on Canadian Business.
The buyer is a unit of Switzerland-based investment firm Reuben Brothers. Goldman did not say what the deal’s value was. Reuben Brothers did not immediately respond to emails seeking details.
Wall Street banks have faced scrutiny for their involvement in businesses that store and transport commodities.
A Senate report in November found that Goldman Sachs Group Inc. used its stockpile of aluminum, held in warehouses near Detroit, to cause delivery delays that created shortages and inflated the metal’s price. The report said that raised prices for beverage makers and consumers.
New York-based Goldman has said that there has been no aluminum shortage and prices have fallen substantially since 2008.
The post Goldman Sachs sells controversial metals business to Swiss investment firm Reuben Brothers appeared first on Canadian Business.
Encana sells Western Canadian Montney assets to Veresen and KKR
– theglobeandmail.com
Companies agree to invest up to $5-billion to support future production in Montney formation
