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The Fall of the House of Sharpe: What Exactly Happened to Bridging Finance? Oct 10th
When they started out in the ’90s, David Sharpe and Natasha Hilfer were both both fiercely smart and exceedingly ambitious, with eyes on the finance sector. But both believed they had to overcome, as David once said, the implicit need-not-apply sign Bay Street hung to ward off anyone who was diffe.... More »
Aritzia’s profit soars in Q3 Jan 11th
Aritzia Inc.’s net income jumped by almost 72% over the last year as the company’s e-commerce and U.S. revenues soared, but some of its financial figures also showed softness in the Canadian market.
The Vancouver-based apparel retailer announced Wednesday that its third-quarter net income tot.... More »
Endo reports 1st-quarter loss, trims full-year guidance + MORE May 6th
DUBLIN – Shares of Endo International PLC plunged in extended trading Thursday after the drugmaker slashed its full-year outlook because of increasing competition and regulatory delays.
Endo now expects full-year earnings of $4.50 to $4.80 per share, with revenue of $3.87 billion to $4.03 bill.... More »
The best high-interest savings accounts in Canada for 2026 + MORE May 11th
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Debunking the myths you think you know about baby boomers + MORE Feb 14th
Boomerpreneurs: Forty per cent workers over 65 are self-employed, according to the latest figures from Industry Canada. (Thomas Barwick/Getty Images)
This post is sponsored by TD
Baby Boomers have had a bad rap. Popular wisdom has it that the “Me Generation” grabbed all the attention when they w.... More »
Before the Bell: Stocks set to plunge on weak China data
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
Portugal moves to Plan B in effort to sell rescued bank after talks with 1st bidder collapse
– canadianbusiness.com
LISBON, Portugal – Portugal is having trouble selling Novo Banco, the so-called good bank salvaged from last year’s collapse of major lender Banco Espirito Santo.
The Bank of Portugal said Tuesday it had missed its own Aug. 31 deadline for the sale after failing to reach agreement with a potential buyer, which it didn’t identify.
The central bank said in a statement it was starting talks with another bidder, also unnamed. It said a third bid remains on the table.
Novo Banco received 4.9 billion euros ($5.5 billion) from a so-called bank resolution fund, a mechanism adopted during the eurozone debt crisis to support the financial sector.
The Portuguese Treasury provided 3.9 billion euros of that, with other Portuguese banks providing the rest, and those lenders want to recoup their money.
The post Portugal moves to Plan B in effort to sell rescued bank after talks with 1st bidder collapse appeared first on Canadian Business – Your Source For Business News.
The Bank of Portugal said Tuesday it had missed its own Aug. 31 deadline for the sale after failing to reach agreement with a potential buyer, which it didn’t identify.
The central bank said in a statement it was starting talks with another bidder, also unnamed. It said a third bid remains on the table.
Novo Banco received 4.9 billion euros ($5.5 billion) from a so-called bank resolution fund, a mechanism adopted during the eurozone debt crisis to support the financial sector.
The Portuguese Treasury provided 3.9 billion euros of that, with other Portuguese banks providing the rest, and those lenders want to recoup their money.
The post Portugal moves to Plan B in effort to sell rescued bank after talks with 1st bidder collapse appeared first on Canadian Business – Your Source For Business News.
Penn West cuts 400 jobs, mostly in Calgary; suspends dividend, delays projects
– canadianbusiness.com
CALGARY – Penn West Petroleum Ltd. (TSX:PWT) is cutting its workforce by 400 full-time employees and contractors — most of them working at company headquarters in Calgary.
Most of the job cuts are effective immediately and the rest will be complete by the end of this year, the company said Tuesday.
The jobs represent 35 per cent of the total workforce at Penn West, a prominent mid-sized oil and gas producer.
The workforce reduction is part of Penn West’s response to a recent decline in oil prices. It’s also suspending dividend payments to its shareholders after its next payment in October and reducing compensation for its board of directors.
It has also identified a further $75 million of capital spending that will be put off, reducing this year’s capital budget to $500 million — a 40 per cent reduction from its original plan to spend $840 million in 2015.
For next year, Penn West will aim to keep its capital spending within cash flow generated from operations, with a focus on its light oil properties in the Viking and Cardium shale formations in Western Canada…
Most of the job cuts are effective immediately and the rest will be complete by the end of this year, the company said Tuesday.
The jobs represent 35 per cent of the total workforce at Penn West, a prominent mid-sized oil and gas producer.
The workforce reduction is part of Penn West’s response to a recent decline in oil prices. It’s also suspending dividend payments to its shareholders after its next payment in October and reducing compensation for its board of directors.
It has also identified a further $75 million of capital spending that will be put off, reducing this year’s capital budget to $500 million — a 40 per cent reduction from its original plan to spend $840 million in 2015.
For next year, Penn West will aim to keep its capital spending within cash flow generated from operations, with a focus on its light oil properties in the Viking and Cardium shale formations in Western Canada…
Penn West to cut 35% of work force, suspend dividend on oil slump – The Globe and Mail
– news.google.ca
The Globe and MailPenn West to cut 35% of work force, suspend dividend on oil slumpThe Globe and MailCanada's Penn West Petroleum Ltd. cut its 2015 capital budget for the third time this year, suspended its dividend and said it would lay off about 35 per cent of its work force as it copes with the slump in crude oil prices. The oil and gas producer …Penn West cuts 400 jobs, mostly in Calgary; suspends dividend, delays projectsEdmonton JournalPenn West cuts 400 jobs, mostly in CalgaryCalgary HeraldPenn West to Cut Head Count 35%, Suspend DividendWall Street JournalReuters -Bloombergall 50 news articles »
More than half of Canadians have less than $10K set aside for emergencies: BMO – Vancouver Sun
– news.google.ca
CTV NewsMore than half of Canadians have less than $10K set aside for emergencies: BMOVancouver SunTORONTO – Canadians on average are socking away more money for potential financial emergencies than in the past, but a new survey has found that almost a quarter are still living paycheque to paycheque. The survey, conducted by Pollara for the Bank of …Average Emergency Savings Fund up 18 per cent From 2014; One Quarter Living …MarketWatchall 21 news articles »
