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What 12 powerful women have learned about money + MORE Dec 3rd
This week, Chatelaine released the results of an exclusive survey of 1,000 Canadian women between the ages of 35 and 45. For This is 40(ish), they asked respondents to tell them what it’s like to be smack-dab in the middle of their lives and to share their thoughts on everything from their c.... More »
Air Canada stock falls 12% after it posts record earnings + MORE Feb 17th
Air Canada is reporting a record adjusted net profit of $1.2 billion for 2015, but its stock plunged 12 per cent in Wednesday trading after a challenge to short-term investors from CEO Calin Rovinescu..... More »
China memory chipmaker CXMT's shares soar in a blockbuster share listing in Shanghai Jul 27th
HONG KONG (AP) — Shares of CXMT, China's largest memory chipmaker, soared Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years..... More »
Has Trudeau reached a tipping point? A new poll shows his support slipping. + MORE Mar 7th
Justin Trudeau returned from India with some new investment agreements, an embarrassing diplomatic incident to sort out, and according to a new poll, less support from voters.
In the latest edition of Abacus Data’s regular survey, 36 per cent of committed voters said they’d mark the box beside b.... More »
House rich, cash poor: When a reverse mortgage might make sense Jul 15th
Reverse mortgages were at one time considered the Wild West of financial products, associated with aggressive and even predatory sales tactics targeting seniors in the United States. Fairly or not, that reputation has instilled some wariness in Canada, where regulations have long been more stringen.... More »
Chinese chemical firm warns investors that its auditor is questioning its financial statements
– canadianbusiness.com
WASHINGTON – A Morgan Stanley-backed Chinese chemical manufacturer that was the subject of an Associated Press investigation last year has informed investors that auditors may not stand behind the company’s financial statements.
In November, the AP report cited discrepancies in the tax records and customer relationships of Tianhe Chemicals Group Ltd.
Hong Kong regulators suspended trading in Tianhe (pronounced TYEN’-huh) four months after concerns by auditor Deloitte Touche Tohmatsu Ltd. prevented the company from releasing its 2014 financial report. In a new statement to investors, Tianhe said Deloitte was proposing to disclaim, or disown, its audit opinion over questions about its tax payments, bank statements and vendor relationships.
Such a disclaimer is tantamount to the auditor saying that it was unable to do a thorough job. Tianhe said it had co-operated with Deloitte and “is considering the auditor’s proposed opinion in light of all the work performed…
In November, the AP report cited discrepancies in the tax records and customer relationships of Tianhe Chemicals Group Ltd.
Hong Kong regulators suspended trading in Tianhe (pronounced TYEN’-huh) four months after concerns by auditor Deloitte Touche Tohmatsu Ltd. prevented the company from releasing its 2014 financial report. In a new statement to investors, Tianhe said Deloitte was proposing to disclaim, or disown, its audit opinion over questions about its tax payments, bank statements and vendor relationships.
Such a disclaimer is tantamount to the auditor saying that it was unable to do a thorough job. Tianhe said it had co-operated with Deloitte and “is considering the auditor’s proposed opinion in light of all the work performed…
Stream hires one of National Bank’s top oil and gas bankers
– theglobeandmail.com
Arun Chandrasekaran has joined Calgary-based Stream, which started up last year as a vehicle to invest in so-called midstream assets
Business Highlights
– canadianbusiness.com
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More millennials stuck renting for years before buying home
WASHINGTON (AP) — Home ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.
Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in life.
The typical first-timer now rents for six years before buying, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. The median first-time buyer is age 33 — in the upper range of the millennial generation, which roughly spans ages 18 to 34. A generation ago, the median first-timer was about three years younger.
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Amazon’s data-driven approach becoming more common
NEW YORK (AP) — Amazon isn’t the only company that is using data on employees to improve productivity.
A New York Times article over the weekend portrayed Amazon’s work culture as “bruising” and “Darwinian” in part because of the way it uses data to manage its staff…
More millennials stuck renting for years before buying home
WASHINGTON (AP) — Home ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.
Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in life.
The typical first-timer now rents for six years before buying, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. The median first-time buyer is age 33 — in the upper range of the millennial generation, which roughly spans ages 18 to 34. A generation ago, the median first-timer was about three years younger.
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Amazon’s data-driven approach becoming more common
NEW YORK (AP) — Amazon isn’t the only company that is using data on employees to improve productivity.
A New York Times article over the weekend portrayed Amazon’s work culture as “bruising” and “Darwinian” in part because of the way it uses data to manage its staff…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,251.53, down 26.35 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down four cents, or 2.96 per cent, to $1.31 on 7.6 million shares.
RMP Energy Inc. (TSX:RMP). Oil and gas. Up 11 cents, or 7.28 per cent, to $1.62 on 5.1 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 43 cents, or 4.83 per cent, to $8.47 on 4.3 million shares.
Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 12 cents, or 9.09 per cent, to $1.20 on four million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Up four cents, or 3.25 per cent, to $1.27 on 3.8 million shares.
Eldorado Gold Corp. (TSX:ELD). Miner. Up 32 cents, or 6.24 per cent, to $5.45 on 3.3 million shares.
Companies reporting major news:
Barrick Gold Corp. (TSX:ABX). Miner. Up 23 cents, or 2.28 per cent, to $10.30 on 2.6 million shares. Barrick Gold Corp. says one of its two co-presidents will retire from the company at the end of this year and a number of other senior executives are getting new responsibilities…
Toronto Stock Exchange (14,251.53, down 26.35 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down four cents, or 2.96 per cent, to $1.31 on 7.6 million shares.
RMP Energy Inc. (TSX:RMP). Oil and gas. Up 11 cents, or 7.28 per cent, to $1.62 on 5.1 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 43 cents, or 4.83 per cent, to $8.47 on 4.3 million shares.
Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 12 cents, or 9.09 per cent, to $1.20 on four million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Up four cents, or 3.25 per cent, to $1.27 on 3.8 million shares.
Eldorado Gold Corp. (TSX:ELD). Miner. Up 32 cents, or 6.24 per cent, to $5.45 on 3.3 million shares.
Companies reporting major news:
Barrick Gold Corp. (TSX:ABX). Miner. Up 23 cents, or 2.28 per cent, to $10.30 on 2.6 million shares. Barrick Gold Corp. says one of its two co-presidents will retire from the company at the end of this year and a number of other senior executives are getting new responsibilities…
The Globe and MailTSX plays defense as oil price falls to near 2009 lowReuters CanadaTORONTO (Reuters) – Canada's main stock index retreated on Monday, with heavyweight energy and banking stocks reacting negatively to a fall in the price of U.S. crude to near a 2009 low and disappointing data from Japan and New York. Gains among …The close: TSX ends lower as energy, banking stocks weighThe Globe and MailCANADA STOCKS-TSX ends lower as energy, banking stocks weighReutersMARKET REPORT: Effects of downward oil trend remain a dragTheChronicleHerald.caDispatch Times -Times Colonistall 50 news articles »
