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Toronto's housing market tightened in March despite falling prices Apr 7th
Toronto's real estate board says it's too hard to say if prices have 'bottomed out,' but sales ticked up in March while new listings fell by double digits..... More »
Socialist Jeremy Corbyn elected U.K. opposition Labour leader + MORE Sep 12th
Karl Marx admirer triumphed on a message of promising to increase government investment though money-printing and renationalizing vast swathes of the economy..... More »
S. Korea to halt work at joint industrial park with N. Korea + MORE Feb 10th
SEOUL, South Korea – South Korea said Wednesday that it would suspend operations at a joint industrial park with North Korea in response to the North’s recent rocket launch, the first time in the park’s decade of operation that Seoul has halted work there.
The move comes after Nort.... More »
Mainstream moderate Portuguese parties expected to prevail in election despite more austerity Oct 4th
LISBON, Portugal – Moderate mainstream parties were expected to triumph in Portugal’s general election Sunday, after more radical alternatives failed to exploit public discontent over austerity measures.
The centre-right coalition government was close to re-election, opinion polls indica.... More »
Can I set up RESPs for my kids without telling my ex? + MORE Feb 27th
Q: I am divorced and my wife has custody of our kids. I want to set up an RESP for them but I don’t want my ex-wife to know about it. I’m worried she’ll find out if I use their actual address when I open it. Can I use my mine instead?
—Kris
A: I don’t like secrets in prin.... More »
Citizens Bank to pay $34.5 million in refunds, penalties over deposit credit discrepancy
– canadianbusiness.com
WASHINGTON – Citizens Bank has been ordered to pay $34.5 million in refunds and penalties for shortchanging customers on their full deposits.
Federal regulators said Wednesday the Providence, Rhode Island-based bank kept the difference when deposit slips and the actual amount of money transferred didn’t match.
The Consumer Financial Protection Bureau, FDIC and Office of the Comptroller of the Currency ordered Citizens Bank to pay $14 million in refunds to customers and $20.5 million in penalties.
Regulators say Citizens Bank only looked into discrepancies greater than $25 or $50. More than 475,000 business and consumer accounts were affected between January 2008 and November 2013.
Regulators called the bank’s actions unfair and deceptive.
Citizens Bank says it has corrected its system for handling mistaken deposit slips and has adequate reserves to cover refunds and fines.
The bank operates in 11 states.
The post Citizens Bank to pay $34.5 million in refunds, penalties over deposit credit discrepancy appeared first on Canadian Business – Your Source For Business News.
Federal regulators said Wednesday the Providence, Rhode Island-based bank kept the difference when deposit slips and the actual amount of money transferred didn’t match.
The Consumer Financial Protection Bureau, FDIC and Office of the Comptroller of the Currency ordered Citizens Bank to pay $14 million in refunds to customers and $20.5 million in penalties.
Regulators say Citizens Bank only looked into discrepancies greater than $25 or $50. More than 475,000 business and consumer accounts were affected between January 2008 and November 2013.
Regulators called the bank’s actions unfair and deceptive.
Citizens Bank says it has corrected its system for handling mistaken deposit slips and has adequate reserves to cover refunds and fines.
The bank operates in 11 states.
The post Citizens Bank to pay $34.5 million in refunds, penalties over deposit credit discrepancy appeared first on Canadian Business – Your Source For Business News.
Before the Bell: Stocks to rally in volatile market
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
Cineplex gets box-office bump from Avengers, Jurassic and Furious sequels
– canadianbusiness.com
TORONTO – The owner of Canada’s largest chain of movie theatres says its second-quarter revenue hit a record-high $345.5 million, after rising 6.8 per cent from last year.
Cineplex Inc. (TSX:CGX) says it saw increases from all its sources of revenue, which include sales of tickets, food and drink, amusement games, advertising and alternative programming.
Its top three box office draws were the latest instalments of the Avengers, Jurassic and Furious movies, accounting for 43.5 per cent of all ticket sales during the quarter.
It says “The Avengers: Age of Ultron,” “Jurassic World” and “Furious 7″ are ranked in the top 10 of all time in terms of sales.
Box office revenue per patron slipped by four cents to $9.19 but concession revenues increased by 5.7 per cent to a record high $5.35 per patron, from $5.06 in last year’s second quarter.
Cineplex says its net income grew 9.8 per cent to $25.5 million and its earnings per share rose to 40 cents from 37 cents…
Cineplex Inc. (TSX:CGX) says it saw increases from all its sources of revenue, which include sales of tickets, food and drink, amusement games, advertising and alternative programming.
Its top three box office draws were the latest instalments of the Avengers, Jurassic and Furious movies, accounting for 43.5 per cent of all ticket sales during the quarter.
It says “The Avengers: Age of Ultron,” “Jurassic World” and “Furious 7″ are ranked in the top 10 of all time in terms of sales.
Box office revenue per patron slipped by four cents to $9.19 but concession revenues increased by 5.7 per cent to a record high $5.35 per patron, from $5.06 in last year’s second quarter.
Cineplex says its net income grew 9.8 per cent to $25.5 million and its earnings per share rose to 40 cents from 37 cents…
Canadian Tire revenue, profit edge higher in second quarter
– theglobeandmail.com
Retail posts earnings per share of $2.15 in the latest quarter, up from $2.12 a year earlier
