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MEC to be acquired by Kingswood Capital through CCAA proceeding - CTV News Vancouver Sep 14th
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Valeant shakeup continues, hires Zoetis's Paul Herendeen as CFO - The Globe and Mail + MORE Aug 22nd
The Globe and MailValeant shakeup continues, hires Zoetis's Paul Herendeen as CFOThe Globe and MailThe shakeup in the executive ranks at Valeant Pharmaceuticals International Inc. continues with the appointment of a new chief financial officer. The Laval, Que.-based drug giant said on Monday it.... More »
Rising dollar, falling sales: Dollar squeezes US corporate profits from Apple to Wal-Mart
– canadianbusiness.com
NEW YORK, N.Y. – The biggest obstacle for Coca-Cola and Pepsi these days isn’t tied to taste tests, the declining popularity of sugary drinks or even their century-long rivalry. It’s the surging U.S. dollar.
The two soda giants rely on overseas customers for roughly half of their revenue. When they turned in their quarterly results last week, both reported a drop in sales. The strong dollar made all the difference: strip it out and shrinking sales suddenly rise.
The dollar has been a source of constant complaint this earnings season. Global corporations from Avon Products to Yum Brands have said their quarterly results would have been much better if it hadn’t been for the rising dollar. For some, the currency’s strength has meant the difference between a profit and a loss.
“It has really hit earnings,” said Jack Ablin, chief investment officer at BMO Private Bank.
Over the past year, the dollar has climbed 17 per cent against major currencies. The surging dollar and plunging oil prices are the main reasons analysts keep cutting their forecasts for corporate profits even though economists expect the U…
The two soda giants rely on overseas customers for roughly half of their revenue. When they turned in their quarterly results last week, both reported a drop in sales. The strong dollar made all the difference: strip it out and shrinking sales suddenly rise.
The dollar has been a source of constant complaint this earnings season. Global corporations from Avon Products to Yum Brands have said their quarterly results would have been much better if it hadn’t been for the rising dollar. For some, the currency’s strength has meant the difference between a profit and a loss.
“It has really hit earnings,” said Jack Ablin, chief investment officer at BMO Private Bank.
Over the past year, the dollar has climbed 17 per cent against major currencies. The surging dollar and plunging oil prices are the main reasons analysts keep cutting their forecasts for corporate profits even though economists expect the U…
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
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.
Moody’s cuts Russia’s credit rating to ‘junk’ grade, cites Ukraine crisis, falling oil prices
– canadianbusiness.com
NEW YORK, N.Y. – Moody’s Investors Service says it has cut Russia’s credit rating to junk grade, citing the crisis in Ukraine and a slide in oil prices and the ruble.
The credit rating agency said late Friday that it expects those challenges will plunge Russia into a deep recession this year and continued contraction next year.
Moody’s downgraded Russia’s rating from Baa3 to Ba1, or one notch below investment grade.
Standard & Poor’s downgraded Russia’s rating to junk last month.
Russia’s economy has been hit by the double impact of weaker energy prices as well as Western sanctions over its role in Ukraine.
The Russian economy is expected to contract by 4 to 5 per cent this year for the first time since President Vladimir Putin took the helm in 2000.
The post Moody’s cuts Russia’s credit rating to ‘junk’ grade, cites Ukraine crisis, falling oil prices appeared first on Canadian Business.
The credit rating agency said late Friday that it expects those challenges will plunge Russia into a deep recession this year and continued contraction next year.
Moody’s downgraded Russia’s rating from Baa3 to Ba1, or one notch below investment grade.
Standard & Poor’s downgraded Russia’s rating to junk last month.
Russia’s economy has been hit by the double impact of weaker energy prices as well as Western sanctions over its role in Ukraine.
The Russian economy is expected to contract by 4 to 5 per cent this year for the first time since President Vladimir Putin took the helm in 2000.
The post Moody’s cuts Russia’s credit rating to ‘junk’ grade, cites Ukraine crisis, falling oil prices appeared first on Canadian Business.
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.
