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Canadian companies take advantage of debt demand + MORE Oct 2nd
As our country’s credit markets open to domestic companies with weak ratings, more bonds will come from those without investment-grade designations
.... More »
Weekend Reading – Evil index funds, housing affordability, #MyMakeItHappen and #money stuff Aug 12th
Save, invest, prosper with My Own Advisor.
Weekend Reading Welcome to my latest Weekend Reading edition. I hope you had a great week. Here are my articles from this week: My latest dividend income update. Check out my review and book giveaway: The Ten Roads to Riches. Enjoy these articles I foun.... More »
In July, B.C. was Canada's bright spot for jobs - Globalnews.ca + MORE Aug 5th
Globalnews.caIn July, B.C. was Canada's bright spot for jobsGlobalnews.caUnemployment in B.C. has been falling consistently since December of last year, with job growth driven in part by construction and real estate, StatCan's numbers show. Story continues below. Related. real estate signs.... More »
Rio Tinto doubles first half earnings, adds $1-billion share buyback + MORE Aug 2nd
Global miner cites strong demand for industrial commodities
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“A way to leapfrog”: AWS executive says regulated industries moving fastest on AI + MORE Jul 5th
As a wave of companies rush to embed artificial intelligence into their operations, Matt Wood has noticed the technology’s fastest adopters are businesses more typically described as slow to change.
Matt Wood, Amazon Web Services global VP of AI products (The Canadian Press / HO-Amazon Web Serv.... More »
World Bank urges China to embrace basic financial reforms to keep growth on track
– canadianbusiness.com
BEIJING, China – The World Bank has urged China to carry out fundamental reform of its state-dominated financial system to keep economic growth on track.
The bank said Wednesday that the communist government needs to address wasteful investment, over-indebtedness and weak regulation of its shadow banking system. It said failure to do that could “deflect the economic trajectory” of the country.
The recommendations echo those of private sector analysts who say Beijing needs to overhaul a government-run banking system that subsidizes state industry at the expense of savers and that provides little credit to entrepreneurs and emerging industries.
The World Bank said Beijing needs to separate its roles as owner of China’s banks, regulator and strategic planner and to construct a system that channels more lending to productive industries and manages risks better.
The post World Bank urges China to embrace basic financial reforms to keep growth on track appeared first on Canadian Business – Your Source For Business News.
The bank said Wednesday that the communist government needs to address wasteful investment, over-indebtedness and weak regulation of its shadow banking system. It said failure to do that could “deflect the economic trajectory” of the country.
The recommendations echo those of private sector analysts who say Beijing needs to overhaul a government-run banking system that subsidizes state industry at the expense of savers and that provides little credit to entrepreneurs and emerging industries.
The World Bank said Beijing needs to separate its roles as owner of China’s banks, regulator and strategic planner and to construct a system that channels more lending to productive industries and manages risks better.
The post World Bank urges China to embrace basic financial reforms to keep growth on track appeared first on Canadian Business – Your Source For Business News.
Greece defaults on IMF loan despite last-ditch financial rescue plan
– theglobeandmail.com
The surprise bid to keep Greece’s lifelines open from the European Union came as Greece’s banks remained closed for the second day, with ATM withdrawals limited to €60.
China’s manufacturing weak in June, more jobs cut, in new sign of economic weakness
– canadianbusiness.com
BEIJING, China – Two surveys show China’s manufacturing was weak in June and employers cut more jobs in a new sign of weakness in the world’s second-largest economy.
HSBC Corp. said Wednesday its purchasing managers’ index stood at 49.4, largely unchanged from May’s 49.2 on a 100-point scale on which numbers below 50 show activity contracting. A separate index by an industry group, the Chinese Federation for Logistics & Purchasing, was unchanged from May’s 50.2 on a similar 100-point scale.
HSBC’s survey showed manufacturing employment declined at its fastest rate since February 2009 in the aftermath of the global financial crisis.
The Chinese government has cut interest rates four times since November and launched mini-stimulus efforts to shore up economic growth that slowed to 7 per cent in the first quarter.
The post China’s manufacturing weak in June, more jobs cut, in new sign of economic weakness appeared first on Canadian Business – Your Source For Business News.
HSBC Corp. said Wednesday its purchasing managers’ index stood at 49.4, largely unchanged from May’s 49.2 on a 100-point scale on which numbers below 50 show activity contracting. A separate index by an industry group, the Chinese Federation for Logistics & Purchasing, was unchanged from May’s 50.2 on a similar 100-point scale.
HSBC’s survey showed manufacturing employment declined at its fastest rate since February 2009 in the aftermath of the global financial crisis.
The Chinese government has cut interest rates four times since November and launched mini-stimulus efforts to shore up economic growth that slowed to 7 per cent in the first quarter.
The post China’s manufacturing weak in June, more jobs cut, in new sign of economic weakness appeared first on Canadian Business – Your Source For Business News.
With Prime Advisors acquisition, Sun Life broadens asset management business
– theglobeandmail.com
The acquisition is the latest in a series of deals that have formed a North American platform for Sun Life Investment Management
Tens of thousands of Canadians travel to Greece each year, but many are struggling to make sense of the uncertainty fuelling the financial crisis in their ancestral homeland.
