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Fear grips investors as stock markets plunge, loonie down - CTV News Mar 12th
Fear grips investors as stock markets plunge, loonie down CTV NewsTSX, Wall Street keep dropping after triggering 2nd trading halt in a week Global NewsTSX falls by 12%, now back to where it was in 2016 CBC.caCanadian stocks on brink of biggest drop since 1940 amid g.... More »
Uber to continue 'outside the law' in Toronto - The Globe and Mail Oct 2nd
The Globe and MailUber to continue 'outside the law' in TorontoThe Globe and MailThe day after a Toronto City Council vote made Uber's services illegal – at least, for the time being – Mayor John Tory said he is not happy with the company operating against the law, but he is willi.... More »
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You’ve applied for a new credit card, hopeful for the convenience and benefits it could bring, only to receive notice that your application has been declined. It’s a situation that may stir up a mix of emotions—frustration, confusion, and perhaps even a bit of embarrassment. But rather than b.... More »
Are women getting the right advice about RESPs? Apr 30th
When my first child was born in early 2011, I wanted to set up a registered education savings plan (RESP) as soon as possible. My husband didn’t have any student debt of his own, but I’d left university with over $40,000 owing on a line of credit—a huge number that I carried into our marriage .... More »
What the recession means for your portfolio
– moneysense.ca
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The R-word. Two consecutive quarters of negative growth mean Canada is in recession. What does that mean for portfolios?
Real GDP contracted at an annual pace of 0.5% in the second quarter of the year, which followed a revised decline of 0.8% during the first three months of 2015. The last time the economy contracted over two consecutive quarters was 2009, when GDP fell 8.7% in the first quarter and 3.6% in the second.
On the positive side, Canada’s economy did bounce back in June: GDP grew 0.5% for that month.
What it means
The economy’s modest contraction in the first half of the year “almost entirely reflects a dramatic cutback in investment in the energy sector,” Robert Kavcic, senior economist at BMO Capital Markets in Toronto, told Advisor.ca in an email.
“Other areas of the economy such as consumer spending, residential construction and net exports were actually still growing…
Before the Bell: Markets set to bounce after selloff
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
CTV NewsTrudeau details plan to invest heavily in green infrastructureCTV NewsTROIS-RIVIERES, Que. — Justin Trudeau is providing a window into how his infrastructure investment pie will be divided in the years to come if the Liberals form government this fall. Speaking in Trois-Rivieres, Que., Trudeau detailed how the party …and more »
Valeant to buy U.S. surgical device supplier to enhance Bausch + Lomb business
– canadianbusiness.com
LAVAL, Que. – Valeant Pharmaceuticals International, Inc. (TSX:VRX) has made a friendly deal to acquire Synergetics USA Inc., a supplier of precision surgical devices that Valeant says will enhance its Bausch and Lomb eye-care business.
Valeant is offering US$6.50 per share in cash per Synergetics share (NASDAQ:SURG), which is 48 per cent above the pre-announcement price for the stock, and up to $1 per share of additional payments if certain sales milestones are achieved.
In pre-market trading, Synergetics shares rose to US$6.63 from Tuesday’s closinig price of US$4.39, which valued the company at US$110 million prior to Valeant’s announcement.
David Hable, Synergetics president and CEO, said the offer is good for its shareholders and customers.
“The combined strengths of both companies will expand the breadth of our offerings and create a more effective competitor that is better able to meet our customers’ needs in the ophthalmology and neurosurgery markets,” Hable said in a joint statement with Valeant…
Valeant is offering US$6.50 per share in cash per Synergetics share (NASDAQ:SURG), which is 48 per cent above the pre-announcement price for the stock, and up to $1 per share of additional payments if certain sales milestones are achieved.
In pre-market trading, Synergetics shares rose to US$6.63 from Tuesday’s closinig price of US$4.39, which valued the company at US$110 million prior to Valeant’s announcement.
David Hable, Synergetics president and CEO, said the offer is good for its shareholders and customers.
“The combined strengths of both companies will expand the breadth of our offerings and create a more effective competitor that is better able to meet our customers’ needs in the ophthalmology and neurosurgery markets,” Hable said in a joint statement with Valeant…
Survey: US businesses hired at steady pace last month; solid gains in construction, factories
– canadianbusiness.com
WASHINGTON – U.S. businesses added jobs at a steady pace last month, with construction and manufacturing showing solid gains, a private survey found.
Payroll processor ADP says that businesses added 190,000 jobs last month, up from 177,000 in July, but below a six-month high in June of 231,000.
The figures suggest that turmoil in the financial markets and worries about faltering growth in China have not yet had much impact on the U.S. job market. The government will release its official jobs report for August on Friday. Economists forecast it will show that employers added 220,000 jobs, and the unemployment rate slipped to 5.2 per cent from 5.3 per cent.
The ADP survey covers only private businesses, however, and frequently diverges from the official figures.
The post Survey: US businesses hired at steady pace last month; solid gains in construction, factories appeared first on Canadian Business – Your Source For Business News.
Payroll processor ADP says that businesses added 190,000 jobs last month, up from 177,000 in July, but below a six-month high in June of 231,000.
The figures suggest that turmoil in the financial markets and worries about faltering growth in China have not yet had much impact on the U.S. job market. The government will release its official jobs report for August on Friday. Economists forecast it will show that employers added 220,000 jobs, and the unemployment rate slipped to 5.2 per cent from 5.3 per cent.
The ADP survey covers only private businesses, however, and frequently diverges from the official figures.
The post Survey: US businesses hired at steady pace last month; solid gains in construction, factories appeared first on Canadian Business – Your Source For Business News.
