The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Canadian Women's Hockey League to close down over financial difficulties + MORE Mar 31st
The Canadian Women's Hockey League announced Sunday it would be discontinuing operations as of May 1 because of a business model that proved to be "economically unsustainable.".... More »
Can I withdraw from RRSPs to pay bills? + MORE Apr 13th
What are the cons to withdrawing RRSP savings of $25,000 to pay off some unexpected bills I have incurred?—Anonymous
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing .... More »
Modi assures business leaders New Delhi’s cutting bureaucracy + MORE Apr 17th
Indian PM seeks to convince business execs his government is trimming bureaucracy and that it has taken steps to lighten the investment climate
.... More »
Canadian pleads guilty in massive U.S. penny stock fraud case + MORE Jul 18th
Sandy Winick, 57, pleaded guilty to conspiring to commit wire fraud
.... More »
Canadians are falling deeper into debt: Statistics Canada - BNN Bloomberg Sep 12th
Canadians are falling deeper into debt: Statistics Canada BNN BloombergDebt-to-disposable income ratio rises to 182%, StatsCan says CBC NewsCanada Q2 household debt-to-income ratio widens to new record high ReutersMortgage volume fell in Q2 as credit card debt rose: .... More »
TD’s Colleen Johnston: Making her mark on Bay Street
– theglobeandmail.com
Lured away from Scotiabank by Ed Clark, TD's chief financial officer has a knack for attracting the attention of Canada’s most powerful business leaders
Cascades greening Quebec cardboard plant ahead of planned capacity expansion
– canadianbusiness.com
MONTREAL – Recycled paper producer Cascades is making its corrugated cardboard plant in Cabano, Que., more environmentally friendly in a first step to expanding the mill’s output and creating jobs.
The company (TSX:CAS) will spend $26 million — including $14.4 million from the federal and provincial governments — on a new system that will produce pulp by boiling wood chips instead of baking them with chemicals.
The process, described as the first in Canada and the second in the world, extracts hemicellulose, a natural polymer found in plant cell walls that can be converted to biofuel, ethanol and a natural sugar.
The biofuel could be used to heat the water, along with bark that is burned, reducing the plant’s energy costs.
Cascades CEO Mario Plourde said the investment will eliminate the use of sodium carbonate-based chemicals trucked into the plant, which is both ecologically and economically beneficial.
“It’s economical to operate this so I think it’s good news for our industry overall,” he said in an interview from Temiscouata-sur-le-lac, near Edmundston, N…
The company (TSX:CAS) will spend $26 million — including $14.4 million from the federal and provincial governments — on a new system that will produce pulp by boiling wood chips instead of baking them with chemicals.
The process, described as the first in Canada and the second in the world, extracts hemicellulose, a natural polymer found in plant cell walls that can be converted to biofuel, ethanol and a natural sugar.
The biofuel could be used to heat the water, along with bark that is burned, reducing the plant’s energy costs.
Cascades CEO Mario Plourde said the investment will eliminate the use of sodium carbonate-based chemicals trucked into the plant, which is both ecologically and economically beneficial.
“It’s economical to operate this so I think it’s good news for our industry overall,” he said in an interview from Temiscouata-sur-le-lac, near Edmundston, N…
Appetite for Cara shares exceeds Tim Hortons’ IPO
– theglobeandmail.com
Vaughan, Ont.-based company made its Toronto Stock Exchange debut Friday after a red-hot initial public offering that was about 20 times oversubscribed
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,388.43, up 62.12 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 1.54 per cent, to $2.64 on 16.5 million shares. A news report, later denied by a Quebec government minister, suggested the transportation giant was looking to either sell or spin off of its railway division in a deal that could be worth up to US$5 billion.
Suncor Energy Inc. (TSX:SU). Oil and gas. Up 31 cents, or 0.79 per cent, to $39.68 on 9.7 million shares.
Mandalay Resources Corp, (TSX:MND). Miner. Up six cents, or 7.41 per cent, to 87 cents on 7.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up three cents, or 0.14 per cent, to $22.13 on 6.9 million shares.
Goldcorp Inc. (TSX:G). Miner. Up 63 cents, or 2.66 per cent, to $24.29 on 6.4 million shares.
Tethys Petroleum Limited (TSX:TPL). Oil and gas. Down five cents, or 45.45 per cent, to six cents on 5.7 million shares…
Toronto Stock Exchange (15,388.43, up 62.12 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 1.54 per cent, to $2.64 on 16.5 million shares. A news report, later denied by a Quebec government minister, suggested the transportation giant was looking to either sell or spin off of its railway division in a deal that could be worth up to US$5 billion.
Suncor Energy Inc. (TSX:SU). Oil and gas. Up 31 cents, or 0.79 per cent, to $39.68 on 9.7 million shares.
Mandalay Resources Corp, (TSX:MND). Miner. Up six cents, or 7.41 per cent, to 87 cents on 7.1 million shares.
Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up three cents, or 0.14 per cent, to $22.13 on 6.9 million shares.
Goldcorp Inc. (TSX:G). Miner. Up 63 cents, or 2.66 per cent, to $24.29 on 6.4 million shares.
Tethys Petroleum Limited (TSX:TPL). Oil and gas. Down five cents, or 45.45 per cent, to six cents on 5.7 million shares…
Netflix hikes CEO’s 2014 compensation by 43 per cent to $11.1M as video service wins new fans
– canadianbusiness.com
SAN FRANCISCO – Netflix boosted CEO Reed Hastings’ pay by 43 per cent to $11.1 million last year as the Internet video service raised its prices and still added the most subscribers in its history.
The compensation package disclosed in a Friday regulatory filing included stock options valued at $8.1 million. Those options could end up being worth more or less depending on how Netflix Inc.’s stock fares during the next few years.
Hastings also received a $3 million salary.
Netflix raised its monthly rates by $1 for new U.S. subscribers in May while keeping them at $8 per month for existing customers.
The Los Gatos, California, company still ended last year with 57.4 million worldwide subscribers, a gain of 13 million from 2013. Netflix’s stock, though, fell by 7 per cent last year.
The post Netflix hikes CEO’s 2014 compensation by 43 per cent to $11.1M as video service wins new fans appeared first on Canadian Business.
The compensation package disclosed in a Friday regulatory filing included stock options valued at $8.1 million. Those options could end up being worth more or less depending on how Netflix Inc.’s stock fares during the next few years.
Hastings also received a $3 million salary.
Netflix raised its monthly rates by $1 for new U.S. subscribers in May while keeping them at $8 per month for existing customers.
The Los Gatos, California, company still ended last year with 57.4 million worldwide subscribers, a gain of 13 million from 2013. Netflix’s stock, though, fell by 7 per cent last year.
The post Netflix hikes CEO’s 2014 compensation by 43 per cent to $11.1M as video service wins new fans appeared first on Canadian Business.
