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Montreal’s financial sector tested by the black-hole pull of Toronto + MORE May 19th
Ottawa’s decision to put Canada Infrastructure Bank on Bay Street only adds to the rising sense of concern
.... More »
Constellation Energy Stock Surges on Deal to Buy Calpine - Barron's Jan 10th
Constellation Energy Stock Surges on Deal to Buy Calpine Barron'sCPPIB sells stake in U.S. energy producer Calpine The Globe and MailConstellation Energy Jumps On $26 Billion Deal. But There's Risk. Investor's Business DailyCPP Investments to Sell Stake in Calpine Co.... More »
Stock market news for investors: Canadian banks report Q1 earnings + MORE Feb 28th
Companies that reported earnings this week
BMO
Scotiabank
National Bank
CIBC
RBC
TD
Laurentian
Also read
.... More »
The only fail-proof way to reach your financial goals is to save more + MORE Jul 25th
When low interest rates play havoc with your investment planning, it’s the only fail-proof way to reach financial goals
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Five things to watch for in the Canadian business world in the coming week + MORE Oct 25th
TORONTO – Five things to watch in Canadian business this week:
Earnings galore: It’s a huge week for earnings reports, with a slew of oilpatch companies — including Suncor and Canadian Oil Sands, locked in a hostile takeover battle — reporting their third-quarter results. Among other.... More »
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Consortium including Brookfield Property Partners set to buy Canary Wharf owner
– canadianbusiness.com
TORONTO – A consortium including Brookfield Property Partners (TSX:BPY.UN) appears set to win control of London’s Canary Wharf real estate development with a bid that values majority owner Songbird Estates at C$5 billion.
Songbird said Wednesday the several of its major shareholders plan to accept offer of 3.5 pound per share made by the consortium, which includes the Qatar Investment Authority and Brookfield.
The London-based company said QIA and Brookfield will hold at least an 85.6 per cent stake in Songbird once they acquire stock currently held by its major shareholders.
Songbird said Wednesday that it believed the offer undervalued the company but recommended that its minority shareholders accept it in light of the decision by the major shareholders.
QIA and Brookfield welcomed the announcement.
“QIA and Brookfield urge all other Songbird shareholders who have not yet accepted the Songbird Offer to do so,” the companies said in a joint announcement.
Before making the offer for Songbird, QIA held a 29 per cent stake in the company…
Songbird said Wednesday the several of its major shareholders plan to accept offer of 3.5 pound per share made by the consortium, which includes the Qatar Investment Authority and Brookfield.
The London-based company said QIA and Brookfield will hold at least an 85.6 per cent stake in Songbird once they acquire stock currently held by its major shareholders.
Songbird said Wednesday that it believed the offer undervalued the company but recommended that its minority shareholders accept it in light of the decision by the major shareholders.
QIA and Brookfield welcomed the announcement.
“QIA and Brookfield urge all other Songbird shareholders who have not yet accepted the Songbird Offer to do so,” the companies said in a joint announcement.
Before making the offer for Songbird, QIA held a 29 per cent stake in the company…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
Stock market rises at midday after strong earnings from Apple; investors await Fed statement
– canadianbusiness.com
NEW YORK, N.Y. – The U.S. stock market is rising slightly at midday as investors wait for the Federal Reserve’s latest policy statement.
The Dow Jones industrial average rose 55 points, or 0.3 per cent, to 17,442 as of 12:02 p.m. Eastern time Wednesday. The Standard & Poor’s 500 rose two points, or 0.1 per cent, to 2,031. The Nasdaq gained 17 points, or 0.4 per cent, to 4,699.
The Fed statement, due later Wednesday, is widely expected to repeat the pledge that the central bank will be “patient” in raising interest rates. Low rates are a key driver of the nearly six-year bull market for stocks.
Apple jumped 7 per cent after reporting record iPhone sales and earnings in its latest quarter. Boeing rose 6 per cent after commercial-jet demand boosted its latest quarterly profit.
The post Stock market rises at midday after strong earnings from Apple; investors await Fed statement appeared first on Canadian Business.
The Dow Jones industrial average rose 55 points, or 0.3 per cent, to 17,442 as of 12:02 p.m. Eastern time Wednesday. The Standard & Poor’s 500 rose two points, or 0.1 per cent, to 2,031. The Nasdaq gained 17 points, or 0.4 per cent, to 4,699.
The Fed statement, due later Wednesday, is widely expected to repeat the pledge that the central bank will be “patient” in raising interest rates. Low rates are a key driver of the nearly six-year bull market for stocks.
Apple jumped 7 per cent after reporting record iPhone sales and earnings in its latest quarter. Boeing rose 6 per cent after commercial-jet demand boosted its latest quarterly profit.
The post Stock market rises at midday after strong earnings from Apple; investors await Fed statement appeared first on Canadian Business.
