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Smaller towns may not benefit from infrastructure bank: Morneau + MORE Nov 23rd
THE CANADIAN PRESS/Justin Tang
OTTAWA – Finance Minister Bill Morneau is suggesting that small municipalities won’t see much – if any – benefit from the federal government’s proposed new infrastructure bank.
The bank, to be launched next year, is intended to attract billions in pri.... More »
Warren Buffett says U.S. shouldn’t use ‘trade as a weapon’ as Berkshire Hathaway holds meeting - The Globe and Mail May 3rd
Warren Buffett says U.S. shouldn’t use ‘trade as a weapon’ as Berkshire Hathaway holds meeting The Globe and MailWarren Buffett says ‘trade should not be a weapon’ at annual Berkshire meeting CNNLive: Berkshire Hathaway Earnings and Annual Meeting Bloomberg.... More »
TransCanada earnings drop 35% + MORE Apr 29th
TransCanada Corp. reported a first-quarter profit of $252 million, down from a year ago, as it was hit by a number of one-time charges..... More »
Toronto Blue Jays flex financial muscle to secure George Springer, the player they wanted all along - TSN Jan 20th
Toronto Blue Jays flex financial muscle to secure George Springer, the player they wanted all along TSNBlue Jays land top off-season target George Springer with historic contract Sportsnet.caAP source: Springer agrees to $150M, 6-year deal with Jays Taiwan NewsThe Ja.... More »
Crown abandons theft retrial in Bridle Path real estate partnership gone wrong — ‘One billion, here we come’ Apr 5th
“One billion, here we come,” Toronto “Diet Doctor” Stanley Bernstein wrote to his business partner in 2013 — before their partnership fell apart..... More »
How technology helps fund managers get bigger returns with lower fees
– canadianbusiness.com
(Illusration by Serge Bloch)After the Great Recession erased their portfolio gains in 2008, many investors started to wonder whether active management was really worth it. If stock-picking managers couldn’t keep their funds afloat in tough times, then what was the point? At the same time, study after study was showing that most actively managed mutual funds could not beat their benchmarks, mainly because of the management fees (averaging over 2%) embedded in their returns.
How Canadian startups are changing the way we bank
That opened a door for low-fee, technology-enabled alternatives, such as exchange-traded funds (ETFs) and online “robo-advisers,” that build portfolios with a minimum of human interference and at a cost typically less than 1% of the value of assets under management per year. They were all about passive investing at first—using index funds to match the returns of stock and bond benchmarks like the S&P 500. Their adherents slept well knowing that they’d still do better than most of their neighbours, who shelled out big fees to chase elusive “alpha,” or above-market returns…
Brookfield to spin off 35% of business-services operations
– theglobeandmail.com
The dividend is worth about 50 cents a share, or about $500 million, the Toronto-based company said
Canada-wide real estate search site, BuzzBuzzHome plans to launch a “buy now” button, allowing Canadians to instantly purchase a new construction home online with nothing more than a credit card.
Saudi billionaire Prince Alwaleed and his investment firm double ownership of Twitter stock
– canadianbusiness.com
RIYADH, Saudi Arabia – Saudi billionaire Prince Alwaleed bin Talal and his investment company have doubled their ownership of Twitter’s publicly traded shares in the past six weeks.
A joint statement released Wednesday by the prince and the Riyadh-based Kingdom Holding Company says their combined shares represent more than 5 per cent of Twitter’s common stock, with a market value of $1 billion.
The prince and KHC, which he chairs, originally invested $300 million in Twitter in 2011 before the micro-blogging site went public two years later.
With the most recent investments, Prince Alwaleed holds roughly 30,100,000 shares in Twitter and KHC has nearly 4,850,000 shares.
The post Saudi billionaire Prince Alwaleed and his investment firm double ownership of Twitter stock appeared first on Canadian Business – Your Source For Business News.
A joint statement released Wednesday by the prince and the Riyadh-based Kingdom Holding Company says their combined shares represent more than 5 per cent of Twitter’s common stock, with a market value of $1 billion.
The prince and KHC, which he chairs, originally invested $300 million in Twitter in 2011 before the micro-blogging site went public two years later.
With the most recent investments, Prince Alwaleed holds roughly 30,100,000 shares in Twitter and KHC has nearly 4,850,000 shares.
The post Saudi billionaire Prince Alwaleed and his investment firm double ownership of Twitter stock appeared first on Canadian Business – Your Source For Business News.
