The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Average Canadian house price rose 13% to record $509460 in May - CBC.ca + MORE Jun 15th
CBC.caAverage Canadian house price rose 13% to record $509460 in MayCBC.caThe average price of a Canadian home sold in May was $509,460, a 13 per cent increase in the past year and the highest figure on record. The strong gains are largely tied to hot markets in Ontario and British Columbia, accordi.... More »
UK central bank to help economy through Brexit with stimulus + MORE Aug 3rd
LONDON – With the British economy in its deepest trouble since the global financial crisis in the wake of the vote to leave the European Union, the Bank of England is expected to unveil Thursday stimulus measures including a rate cut and, possibly, the creation of billions in new money.
Early .... More »
This tax perk for wealthy CEOs will cost Canada $840M this year + MORE Mar 20th
It’s called the stock option deduction — a tax break for employees that critics claim largely benefits wealthy corporate executives. They say it's time for Ottawa to claw back the benefit in this week's budget..... More »
How to become a digital nomad—and not go broke Jun 28th
A silver lining of the pandemic is that work has become more flexible than ever—leading more Canadians to take “workations” or relocate to other countries for weeks or months at a time. It’s more than just a change of scenery. Planned carefully, working abroad can mean seeing the world affor.... More »
To save money, Canadians are buying more private-label grocery brands + MORE Oct 3rd
Over the past few years, consumers have been buying more private-label products at the grocery store to save money—and the trend may be here to stay.
Amid renewed investment by grocers in their store-branded offerings, studies show many shoppers no longer see store brands as lower quality than .... More »
Initial public offerings scheduled to debut next week
– canadianbusiness.com
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of October 19:
Dimension Therapeutics Inc. – Cambridge, Mass., 5.5 million shares, priced $14 to $16, managed by Goldman Sachs, and Citigroup. Proposed Nasdaq symbol DMTX. Business: Developing novel, liver-directed gene therapies for rare genetic disorders.
Ferrari N.V. – Maranello, Italy, 17.2 million shares, priced $48 to $52, managed by UBS, and BofA Merrill Lynch. Proposed NYSE symbol RACE. Business: Italian luxury sports car manufacturer spun out of Fiat Chrysler.
Multi Packaging Solutions International Ltd. – New York, but incorporated in Bermuda, 18.8 million shares, priced $15 to $17, managed by BofA Merrill Lynch, Barclays, and Citigroup. Proposed NYSE symbol MPSX. Business: Global manufacturer of paper packaging for consumer and health care products.
Below issues were previously scheduled and did not price:
Adesto Technologies Corp…
Week of October 19:
Dimension Therapeutics Inc. – Cambridge, Mass., 5.5 million shares, priced $14 to $16, managed by Goldman Sachs, and Citigroup. Proposed Nasdaq symbol DMTX. Business: Developing novel, liver-directed gene therapies for rare genetic disorders.
Ferrari N.V. – Maranello, Italy, 17.2 million shares, priced $48 to $52, managed by UBS, and BofA Merrill Lynch. Proposed NYSE symbol RACE. Business: Italian luxury sports car manufacturer spun out of Fiat Chrysler.
Multi Packaging Solutions International Ltd. – New York, but incorporated in Bermuda, 18.8 million shares, priced $15 to $17, managed by BofA Merrill Lynch, Barclays, and Citigroup. Proposed NYSE symbol MPSX. Business: Global manufacturer of paper packaging for consumer and health care products.
Below issues were previously scheduled and did not price:
Adesto Technologies Corp…
Why there is No Such Thing as A Free Gift
– macleans.ca
NO SUCH THING AS A FREE GIFT
Linsey McGoey
The Bill and Melinda Gates Foundation is the largest private foundation in the world, with an endowment valued around US$41 billion—with Warren Buffett and Gates pledging much of their fortunes, it will grow bigger—and a total annual grant of around $4 billion. This puts it in the same weight category as the World Health Organization—if the WHO’s budget were controlled by one couple. McGoey’s new book is a timely criticism of a society that allows an individual to accumulate such a distorting amount of financial power; it is an indictment of unaccountable power in general and of the Gates Foundation in particular.
Compared with the originals, Andrew Carnegie and David Rockefeller, who bought goodwill with charity envelopes while calling in the National Guard to shoot striking workers, McGoey finds contemporary “philanthrocapitalists” too comfortable with pursuing self-interest and the public too distracted by one side of the account…
Standard and Poor’s says credit outlook worsens for some Canadian energy firms
– canadianbusiness.com
CALGARY – Standard and Poor’s says the picture is getting worse for six Canadian oil and gas names.
The credit rating agency says it has taken what it calls negative ratings actions on two big companies — Cenovus Energy (TSX:CVE) and Husky Energy (TSX:HSE) — along with four smaller ones.
Husky and Cenovus maintain their investment-grade ratings, but Cenovus’ rating has been lowered a notch and the outlook for Husky has been changed from stable to negative.
Standard and Poor’s says the changes reflect the greater risk resulting from persistent weakness in oil and natural gas prices.
The agency has also singled out four so-called speculative Canadian energy firms: Harvest Operations, Jupiter Resources, Bellatrix Exploration (TSX:BXE) and Lightstream Resources (TSX:LTS).
Harvest, Jupiter and Bellatrix have had their ratings lowered, while Lightstream’s outlook has changed from stable to negative.
Follow @LaurenKrugel on Twitter
The post Standard and Poor’s says credit outlook worsens for some Canadian energy firms appeared first on Canadian Business – Your Source For Business News.
The credit rating agency says it has taken what it calls negative ratings actions on two big companies — Cenovus Energy (TSX:CVE) and Husky Energy (TSX:HSE) — along with four smaller ones.
Husky and Cenovus maintain their investment-grade ratings, but Cenovus’ rating has been lowered a notch and the outlook for Husky has been changed from stable to negative.
Standard and Poor’s says the changes reflect the greater risk resulting from persistent weakness in oil and natural gas prices.
The agency has also singled out four so-called speculative Canadian energy firms: Harvest Operations, Jupiter Resources, Bellatrix Exploration (TSX:BXE) and Lightstream Resources (TSX:LTS).
Harvest, Jupiter and Bellatrix have had their ratings lowered, while Lightstream’s outlook has changed from stable to negative.
Follow @LaurenKrugel on Twitter
The post Standard and Poor’s says credit outlook worsens for some Canadian energy firms appeared first on Canadian Business – Your Source For Business News.
General Electric profit beats expectations, buoyed by aviation
– theglobeandmail.com
The conglomerate overall reported third-quarter earnings of $2.51-billion
Volkswagen hires compliance exec from competitor Daimler to help deal with emissions scandal
– canadianbusiness.com
FRANKFURT – Automaker Volkswagen is hiring a top anti-corruption manager from competitor Daimler as it struggles to clean up a scandal over cheating on U.S. diesel emissions tests.
The company said Friday it would hire lawyer Christine Hohmann-Dennhardt as an executive on the company’s top management body tasked with integrity and legal affairs effective from Jan. 1.
Before working for Daimler, Hohmann-Dennhardt, 65, served as a judge on Germany’s Federal constitutional Court and as justice minister in the state of Hesse in southwestern Germany.
Daimler said it was agreeing to release her from her contract as compliance executive in the interests of good corporate governance.
Naming a compliance executive was a step taken by Daimler AG and German industrial equipment maker Siemens after bribery scandals at those companies. The idea is to put someone responsible for clean business practices at the very top level of management. German corporations are run by a management board comprised of the top executives such as the CEO and chief financial officer…
The company said Friday it would hire lawyer Christine Hohmann-Dennhardt as an executive on the company’s top management body tasked with integrity and legal affairs effective from Jan. 1.
Before working for Daimler, Hohmann-Dennhardt, 65, served as a judge on Germany’s Federal constitutional Court and as justice minister in the state of Hesse in southwestern Germany.
Daimler said it was agreeing to release her from her contract as compliance executive in the interests of good corporate governance.
Naming a compliance executive was a step taken by Daimler AG and German industrial equipment maker Siemens after bribery scandals at those companies. The idea is to put someone responsible for clean business practices at the very top level of management. German corporations are run by a management board comprised of the top executives such as the CEO and chief financial officer…
