Foreign demand for Canadian cottages booming, ReMax says + MORE Jun 25th

ARESE, Italy – Fiat Chrysler CEO Sergio Marchionne has unveiled the long-awaited Alfa Romeo Giulia sedan meant to power the premium sports car brand’s return to the United States and his ambitions to make Italy a hub for luxury car-making.
On the strength of the flagship Giulia, Marchionne aims to boost Alfa Romeo sales to 400,000 a year from 2018, from below 68,000 last year.
Marchionne has missed targets on relaunching the 110-year-old brand in the past, but he said Wednesday that the merger last year of Fiat with Chrysler has given Alfa Romeo the necessary financial resources, the technical capability and a global distribution network.
Alfa Romeo returned to the United States after a 20-year absence last year with the two-seater 4C sports car, aimed at familiarizing younger drivers with the brand.
The post Alfa Romeo unveils new flagship sedan, the long-awaited Giulia, to boost US entry appeared first on Canadian Business – Your Source For Business News.

An estimated 21 million square feet of retail real estate will be vacant this year

RBC is Canada’s most profitable company. (Machado Noa/LightRocket/Getty)
Canadian Business’s annual Investor 500 stock ranking typically sorts stocks by their one-year return on investment, but there are lots of other ways to rank the leading companies of the TSX.
Here are the most profitable publicly traded companies in Canada:

RankCompanyTicker1-Year* Profit (millions)

1Royal Bank of CanadaRY$9,277
2Toronto-Dominion BankTD$7,794
3Bank of Nova ScotiaBNS$7,095
4Bank of MontrealBNO$4,215
5Canadian Natural Resources Ltd.CNQ$3,929
6Encana Corp.ECA$3,704
7Manulife Financial Corp.MFC$3,501
8Brookfield Asset Management Inc.BAM.A$3,445
9Imperial Oil Ltd.IMO$3,260
10Canadian National Railway Co.CNR$3,248
11CIBCCM$2,964
12Great-West Lifeco Inc.GWO$2,668
13BCE Inc.BCE$2,422
14Power Financial Corp.PWF$2,268
15Thomson Reuters Corp.TRI$2,205

*Most recent four reported quarters, as of May 1, 2015

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As Notley’s adviser, the ex-central bank governor likely to urge the province to borrow money to pay for infrastructure investment

The weak Canadian dollar has caused Canada’s recreational property and cottage market to heat up, one of the biggest sellers of real estate says.