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The Crypto Crash Is Particularly Bad for Black Investors + MORE Nov 18th
After cryptocurrency values started crashing hard this year, headlines of people losing millions, their life savings or retirement funds flooded the news. When crypto bank Celsius Network filed for bankruptcy this summer its customers alone lost US$5 billion. Even digital-asset evangelists like Bina.... More »
CMHC to pay $4B special dividend to federal government + MORE Jun 29th
Canada Mortgage and Housing Corp. said Thursday it will pay a $4-billion special dividend to the federal government in instalments within the next two years..... More »
Aurora Cannibas Is Now a Penny Stock. Why One Analyst Thinks It’s Still a Buy. - Barron's Apr 13th
Aurora Cannibas Is Now a Penny Stock. Why One Analyst Thinks It’s Still a Buy. Barron'sView Full coverage on Google News.... More »
Contributing to your grandchild’s RESPs: What grandparents need to know + MORE Dec 1st
You’ve likely heard the saying “It takes a village to raise a child.” Well, with the cost of college and university tuition rising every year, it just might take a village to pay for post-secondary education, too. That’s where grandparents can help with registered education savings plans (RE.... More »
Linamar stock jumps in wake of $1.2-billion MacDon deal + MORE Dec 15th
It’s Linamar’s best day on the market since Nov. 7, when it reported a drop in third-quarter earnings compared with a year ago and missed analyst estimates
.... More »
Former Maple Leaf Foods executive chosen as finance chief for Hydro One
– canadianbusiness.com
TORONTO – Ontario’s government-owned electricity distributor has hired a former senior executive of Maple Leaf Foods to be its chief financial officer.
Michael Vels is expected to play a key role in Hydro One’s plan to sell shares to outside investors through an initial public offering.
His appointment is effective July 1.
The chairman of Hydro One’s board of directors, David Denison, says Vels has experience in mergers and acquisitions that will be valuable as the utility firm undergoes the transition to a publicly traded company.
The Ontario government hopes to raise $9 billion from the partial sale of Hydro One, with $5 billion earmarked for hydro debt and $4 billion going to public transit projects.
Prior to joining the Canada Bread bakery arm of Maple Leaf Foods in 1991, Vels worked in the United Kingdom and trained in South Africa as a chartered accountant.
Vels left Maple Leaf (TSX:MFI) last year after it sold Canada Bread to Grupo Bimbo of Mexico, one of the world’s biggest bakery companies…
Michael Vels is expected to play a key role in Hydro One’s plan to sell shares to outside investors through an initial public offering.
His appointment is effective July 1.
The chairman of Hydro One’s board of directors, David Denison, says Vels has experience in mergers and acquisitions that will be valuable as the utility firm undergoes the transition to a publicly traded company.
The Ontario government hopes to raise $9 billion from the partial sale of Hydro One, with $5 billion earmarked for hydro debt and $4 billion going to public transit projects.
Prior to joining the Canada Bread bakery arm of Maple Leaf Foods in 1991, Vels worked in the United Kingdom and trained in South Africa as a chartered accountant.
Vels left Maple Leaf (TSX:MFI) last year after it sold Canada Bread to Grupo Bimbo of Mexico, one of the world’s biggest bakery companies…
Trashed Blackberry phones sit in a bucket during the NBC Today Show in New York April 21, 2008. The phones were to be used by students in an art piece and then recycled for Green Week. (Lucas Jackson/Reuters)WATERLOO, Ont. — BlackBerry Ltd. (TSX:BB) delivered another loss in the first quarter as the company struggled to sell its smartphones, but investors appeared pleased with some of the headway made with its turnaround effort.
The Waterloo, Ont.-based company’s stock was ahead nine per cent to US$10.04 in pre-market trading in New York, as BlackBerry managed to grow its software licensing revenue by 150 per cent.
That appeared to be a bright spot in an earnings report which showed other areas of weakness.
BlackBerry posted an adjusted loss of US$28 million or five cents per share, which compared with expectations of a three-cent per share loss, according to a survey by Thomson Reuters.
Revenues of $658 million were also softer than the $679 million analysts anticipated. Total revenue was down from US$966 million a year earlier, but about steady with the previous quarter ended Feb…
Darden Restaurants Inc said it intends to separate some of its restaurants into a publicly traded real estate investment trust (REIT) as part of a plan to pay down about US$1 billion of debt.
FP Watchlist: Top money stories for June 23
– canoe.ca
Jonathan Ratner runs through the top financial stories for June 23.
US new-home sales rose 2.2 per cent in May; strong buying in the Northeast and West fuel gains
– canadianbusiness.com
WASHINGTON – Purchases of new U.S. homes surged in the Northeast and West in May, as steady job growth over the past year has lifted the real estate sector.
The Commerce Department said Tuesday that new-home sales rose 2.2 per cent last month to a seasonally adjusted annual rate of 546,000, the strongest pace in more than seven years.
Sales of new homes have soared 24 per cent year-to-date, helped by the additional incomes from the employers hiring 3.1 million workers in the past 12 months and relatively low mortgage rates. The sharp increase in purchases could help drive more employment in the construction sector and broader economic growth, potentially offsetting the setbacks to growth in the manufacturing sector caused by cheaper oil prices and a stronger dollar that has hurt exports.
Last month’s sales gains were concentrated in the Northeast, where sales jumped 87.5 per cent. New-home sales increased 13.1 per cent in the West, but slipped in the Midwest and South.
The median sales price has fallen slightly, dipping 1 per cent over the past 12 months to $282,800…
The Commerce Department said Tuesday that new-home sales rose 2.2 per cent last month to a seasonally adjusted annual rate of 546,000, the strongest pace in more than seven years.
Sales of new homes have soared 24 per cent year-to-date, helped by the additional incomes from the employers hiring 3.1 million workers in the past 12 months and relatively low mortgage rates. The sharp increase in purchases could help drive more employment in the construction sector and broader economic growth, potentially offsetting the setbacks to growth in the manufacturing sector caused by cheaper oil prices and a stronger dollar that has hurt exports.
Last month’s sales gains were concentrated in the Northeast, where sales jumped 87.5 per cent. New-home sales increased 13.1 per cent in the West, but slipped in the Midwest and South.
The median sales price has fallen slightly, dipping 1 per cent over the past 12 months to $282,800…
