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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 »
BlackBerry to end internal hardware development, work to be outsourced + MORE Sep 28th
WATERLOO, Ont. – BlackBerry says it plans to end all internal hardware development — signalling a strategic shift for a company that built its reputation on innovative smartphone technology created at its base in Waterloo, Ont.
The hardware development work will be outsourced to BlackBerry&#.... More »
2022’s year in Review: The financial highs, lows and what’s in store for 2023 + MORE Dec 22nd
Investors started 2022 celebrating the record highs of 2021. The S&P 500, Dow Jones and NASDAQ were all up double digits. The S&P 500 achieved the greatest gains in 2021, ending the year up nearly 27%. The feeling was “onward and upward”—then macro issues took over and that changed eve.... More »
Warren Buffett becomes Bank of America’s top shareholder + MORE Aug 29th
Berkshire Hathaway exercised its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago
.... More »
Location is top factor for job hunters faced with steep housing costs Oct 28th
Sky-high real estate prices are making location-based career decisions increasingly common..... More »
Canadian dollar was down and U.S index futures point to lower stock markets
– canadianbusiness.com
TORONTO – The Canadian dollar and U.S. stock index futures were negative early Tuesday morning.
The Dow Jones industrial futures were down 254.0 points at 16,202.0, the S&P 500 futures declined 31.90 points to 1,931.2 and the Nasdaq futures lost 83.5 points to 4,257.8.
The Canadian dollar was down 0.18 of a U.S. cent at 75.32 cents US.
On the commodity markets, the December gold contract fell $4.10 to US$1,128.70 an ounce, the November crude contract was down $1.20 at US$45.76 and the October contract for natural gas was up two cents at US$2.57.
On Monday, Toronto’s S&P/TSX index closed up 132.54 points at 13,779.44, although well off its highs of earlier in the day.
The post Canadian dollar was down and U.S index futures point to lower stock markets appeared first on Canadian Business – Your Source For Business News.
The Dow Jones industrial futures were down 254.0 points at 16,202.0, the S&P 500 futures declined 31.90 points to 1,931.2 and the Nasdaq futures lost 83.5 points to 4,257.8.
The Canadian dollar was down 0.18 of a U.S. cent at 75.32 cents US.
On the commodity markets, the December gold contract fell $4.10 to US$1,128.70 an ounce, the November crude contract was down $1.20 at US$45.76 and the October contract for natural gas was up two cents at US$2.57.
On Monday, Toronto’s S&P/TSX index closed up 132.54 points at 13,779.44, although well off its highs of earlier in the day.
The post Canadian dollar was down and U.S index futures point to lower stock markets appeared first on Canadian Business – Your Source For Business News.
Before the Bell: Stocks set to take a hit, but no need to panic
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
Cymax is betting that you’ll buy your next couch online
– canadianbusiness.com
(Illustration by Miguel Montaner)This is one in a series of profiles of the PROFIT 500—Canada’s Fastest-Growing Companies. For more, go to PROFIT500.com.
Arash Fasihi and his wife wanted a TV stand. The couple had just bought a condo, but the particular piece of furniture they needed to bring the place together wasn’t available in Vancouver. So Fasihi turned to the Internet, only to find that the one U.S. retailer that had the item in stock wouldn’t ship it across the border.
So Fasihi registered audio-videofurniture.com, loaded the site with an array of TV stands and other electronic fittings, and left it out there to test if other consumers had similar needs. Six months later, in December 2004, the site made its first sale.
Fast-forward a decade, and Fasihi is CEO of Cymax Stores Inc., an e-commerce furniture retailer on track to earn $180 million this year. The company, based in Burnaby, B.C., grew 71% over the past five years and is now a multi-brand retailer showcasing the products of more than 200 North American manufacturers, and handling shipping and delivery operations on their behalf…
Swedish utility Vattenfall sells its German coal plants, a major source of greenhouse gases
– canadianbusiness.com
STOCKHOLM – Vattenfall AB says it is selling off its German coal plants, a major source of greenhouse gases, and its mining assets as the Swedish utility seeks to adjust its energy strategy.
The company says potential buyers can bid for four power plants as well as corresponding mining activities. Buyers can also bid for 10 hydropower plants, adding that these power plants will not be sold separately.
Tuesday’s move comes after Vattenfall had made large write-downs related to its operations in Germany. The Swedish government also has pressured the company to exit its coal-fired power generation in Germany.
Vattenfall stressed it “remains fully committed” to its other energy operations in Germany, including district heating, electricity distribution and wind energy.
The post Swedish utility Vattenfall sells its German coal plants, a major source of greenhouse gases appeared first on Canadian Business – Your Source For Business News.
The company says potential buyers can bid for four power plants as well as corresponding mining activities. Buyers can also bid for 10 hydropower plants, adding that these power plants will not be sold separately.
Tuesday’s move comes after Vattenfall had made large write-downs related to its operations in Germany. The Swedish government also has pressured the company to exit its coal-fired power generation in Germany.
Vattenfall stressed it “remains fully committed” to its other energy operations in Germany, including district heating, electricity distribution and wind energy.
The post Swedish utility Vattenfall sells its German coal plants, a major source of greenhouse gases appeared first on Canadian Business – Your Source For Business News.
The Canada Pension Plan Investment Board said on Tuesday it has voted to strip Bank of America Corp. CEO Brian Moynihan of his chairman’s title, the biggest shareholder so far to declare its intentions in a closely watched corporate governance contest.
