All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Freed Israeli hostage describes 'hell' of abduction by Hamas - CBC.ca Oct 24th
Freed Israeli hostage describes 'hell' of abduction by Hamas CBC.caNow freed, an Israeli hostage describes the 'hell' of harrowing Hamas attack and terrifying capture CP24UPDATE: Hostages Freed, Barclays Earnings Disappoint, and UK Jobs BloombergOpinion: Daily Despat.... More »
Financial watchdog says too early to tell impact of cap-and-trade in Ontario + MORE Nov 23rd
TORONTO – Ontario’s government spending watchdog says there are too many uncertainties for it to determine the financial impact of the Liberal government’s cap-and-trade program to fight climate change.
The financial accountability office says it’s too early to say if the pro.... More »
Colleges and universities face job cuts, deficits amid international student cap - CP24 Nov 23rd
Colleges and universities face job cuts, deficits amid international student cap CP24Ontario colleges face biggest financial hit from Ottawa’s international student clampdown The Globe and MailColleges and universities ring financial alarm over foreign student caps .... More »
Converting mutual funds: The benefits, the risks and the costs Jan 25th
My wife and I have been educating ourselves on the merits of ETF vs traditional mutual funds after deciding to make a switch from our personal financial advisor. We were late starters in saving and we have another 15- to 20-year investment horizon ahead of us before retirement stares at us.
.... More »
Justin Bieber Might Just Make Tim Hortons Relevant Again Nov 19th
After 57 years in business, Tim Hortons is giving people what they never knew they wanted: Timbiebs. Starting on November 29, coffee lovers across Canada and the U.S. can order three flavours of Justin Bieber-designed Timbits: chocolate white fudge, sour cream chocolate chip and birthday cake waffle.... More »
$54 million Alberta ranch sets property listing record for province
– canadianbusiness.com
CALGARY – A sprawling cattle ranch south of Calgary has set a record for the most expensive residential property ever listed on Alberta’s MLS system, according to Sotheby’s Canada Inc.
Sotheby’s has listed the 6,000-hectare Bar-N Ghost Pine Ranch for a hefty US$42.5 million, or $54 million Canadian.
“People that are looking to buy this type of ranch are people that are not really affected by what’s happening here with the economy,” said Renata Reid, the Sotheby’s real estate agent selling the property.
The property sits near the town of Claresholm, about an hour and a half drive south of Calgary and an hour north of the U.S. border.
The Bar-N Ghost ranch has 800 cattle and 36 Angus cross bulls and all the barns, corrals and sheds needed for a working ranch. The property includes 3,660 hectares of deeded land and 2,300 hectares of leased land.
There is also a 5,200-square-foot ranch home, a guest home, and four village houses for a full crew.
“The type of buyer is a food-chain operator that is looking to supplement their beef supply,” said Reid…
Sotheby’s has listed the 6,000-hectare Bar-N Ghost Pine Ranch for a hefty US$42.5 million, or $54 million Canadian.
“People that are looking to buy this type of ranch are people that are not really affected by what’s happening here with the economy,” said Renata Reid, the Sotheby’s real estate agent selling the property.
The property sits near the town of Claresholm, about an hour and a half drive south of Calgary and an hour north of the U.S. border.
The Bar-N Ghost ranch has 800 cattle and 36 Angus cross bulls and all the barns, corrals and sheds needed for a working ranch. The property includes 3,660 hectares of deeded land and 2,300 hectares of leased land.
There is also a 5,200-square-foot ranch home, a guest home, and four village houses for a full crew.
“The type of buyer is a food-chain operator that is looking to supplement their beef supply,” said Reid…
Newmont agrees to buy Colorado’s largest gold mine from South Africa’s Anglo Gold Ashanti
– canadianbusiness.com
COLORADO SPRINGS, Colo. – Colorado-based Newmont Mining Corp. has agreed to buy the state’s largest gold mine for $820 million.
Newmont announced Monday that it would sell 29 million shares of stock to raise money for the deal to buy the Cripple Creek & Victor gold mine from South Africa’s Anglo Gold Ashanti Ltd. The sale must still be approved by regulators in both countries.
Newmont is based in the Denver suburb of Greenwood Village and is one of the world’s largest gold producers.
The Gazette newspaper of Colorado Springs (http://bit.ly/1QkfgnW ) reports that the company plans to keep the mine’s 570 workers and continue a $500 million mine expansion that’s already underway.
AngloGold announced nearly two years ago that it would cut its $3.1 billion debt by $1 billion because of lower gold prices.
___
This story has been corrected to show that the mine expansion is worth $500 million, not $500.
___
Information from: The Gazette, http://www.gazette…
Newmont announced Monday that it would sell 29 million shares of stock to raise money for the deal to buy the Cripple Creek & Victor gold mine from South Africa’s Anglo Gold Ashanti Ltd. The sale must still be approved by regulators in both countries.
Newmont is based in the Denver suburb of Greenwood Village and is one of the world’s largest gold producers.
The Gazette newspaper of Colorado Springs (http://bit.ly/1QkfgnW ) reports that the company plans to keep the mine’s 570 workers and continue a $500 million mine expansion that’s already underway.
AngloGold announced nearly two years ago that it would cut its $3.1 billion debt by $1 billion because of lower gold prices.
___
This story has been corrected to show that the mine expansion is worth $500 million, not $500.
___
Information from: The Gazette, http://www.gazette…
Online real estate brokerage Zoocasa will cease to exist as of June 22.
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,817.71, up 74.38 points):
Royal Bank of Canada (TSX:RY). Bank. Down 71 cents, or 0.90 per cent, to $77.92 on 5.5 million shares.
Iamgold Corp. (TSX:IMG). Miner. Up nine cents, or 3.36 per cent, to $2.77 on 4.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down one cent, or 0.40 per cent, to $2.50 on 4.2 million shares.
Toronto-Dominion Bank (TSX:TD). Bank. Up 93 cents, or 1.74 per cent, to $54.44 on 4.04 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Up 20 cents, or 0.85 per cent, to $23.63 on 3.9 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Up seven cents, or 2.82 per cent, to $2.55 on 2.9 million shares.
Companies reporting major news:
Telus Corp. (TSX:T). Communication services. Down two cents, or 0.05 per cent, to $41.56 on 1.01 million shares. Photography chain Blacks is shuttering all of its 59 stores in Canada after nearly 70 years in business…
Toronto Stock Exchange (14,817.71, up 74.38 points):
Royal Bank of Canada (TSX:RY). Bank. Down 71 cents, or 0.90 per cent, to $77.92 on 5.5 million shares.
Iamgold Corp. (TSX:IMG). Miner. Up nine cents, or 3.36 per cent, to $2.77 on 4.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down one cent, or 0.40 per cent, to $2.50 on 4.2 million shares.
Toronto-Dominion Bank (TSX:TD). Bank. Up 93 cents, or 1.74 per cent, to $54.44 on 4.04 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Up 20 cents, or 0.85 per cent, to $23.63 on 3.9 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Up seven cents, or 2.82 per cent, to $2.55 on 2.9 million shares.
Companies reporting major news:
Telus Corp. (TSX:T). Communication services. Down two cents, or 0.05 per cent, to $41.56 on 1.01 million shares. Photography chain Blacks is shuttering all of its 59 stores in Canada after nearly 70 years in business…
How the Next Financial Crisis Will Happen
– online.wsj.com
Dodd-Frank’s capital and liquidity rules might lead to a liquidity crunch when the economy needs it most.
