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Ex Amaya CEO asks court to order the release of details in insider trading case + MORE Dec 14th
MONTREAL _ Former Amaya CEO David Baazov’s lawyer says the Quebec securities regulator’s disclosure of more than one million documents isn’t helping to defend against insider trading charges.
Sophie Melchers told a Quebec Court judge on Tuesday that although l’Autorite des ma.... More »
Global markets fall as fears of a coronavirus outbreak rise | Power & Politics - CBC News Feb 27th
Global markets fall as fears of a coronavirus outbreak rise | Power & Politics CBC NewsDow plunges 1,191 points on coronavirus fears, and S&P 500 posts its worst day since 2011 Business InsiderWall Street flirts with correction amid pandemic fears Investing.c.... More »
Say Good-bye to Foot Pain: Kick Your Bunion to the Curb Aug 26th
Few, if any, investments are more important than the investment you make in your health. If you are experiencing aches and pains caused by bunions, it’s time to take action. But first, it’s important to find out if bunions are the true cause of your discomfort. Contact a specialist to find out, .... More »
Scotiabank hikes dividend as third-quarter profits rise to $1.98B - BNNBloomberg.ca Aug 27th
Scotiabank hikes dividend as third-quarter profits rise to $1.98B BNNBloomberg.caScotiabank raises dividend as international banking strength gives profit a boost The Globe and MailScotiabank hikes dividend as third-quarter profits rise to $1.98 billion Yahoo Canada .... More »
Hong Kong, London, New York shortlisted for Aramco IPO, Toronto out: sources + MORE Jan 11th
Either individually or in combination, the three exchanges are believed to be in consideration for the international portion of the listing of the Saudi national oil company
.... More »
Small space holiday decorating tips that are light on the wallet
– moneysense.ca
Want to keep this holiday season merry? Consider sticking to your budget.
But that doesn’t mean you need to be miserly and skip the holiday decorations. Instead, consider some small space holiday decorating tips that are light on the wallet, and make a plan for Christmas shopping.
Seneca College professor and certified financial planner Sam Albanese suggests keeping a list and checking it way more than twice when it comes to holiday purchases. One good way to avoid overspending is to avoid spontaneous purchases and consider keeping a separate “holiday” bank account, which gets depleted with each bill and purchase.
This doesn’t mean you can’t use a credit card, just make sure you have the money to pay it off—immediately. Albanese explains that a credit card debt of $2,000, with an interest rate of 19.9%, could easily take more than 20 years to fully repay if only the minimum payment is made each month.
For those celebrating in tiny spaces, here’s a few tips for small-space decorations (that are also light on the wallet):
But that doesn’t mean you need to be miserly and skip the holiday decorations. Instead, consider some small space holiday decorating tips that are light on the wallet, and make a plan for Christmas shopping.
Seneca College professor and certified financial planner Sam Albanese suggests keeping a list and checking it way more than twice when it comes to holiday purchases. One good way to avoid overspending is to avoid spontaneous purchases and consider keeping a separate “holiday” bank account, which gets depleted with each bill and purchase.
This doesn’t mean you can’t use a credit card, just make sure you have the money to pay it off—immediately. Albanese explains that a credit card debt of $2,000, with an interest rate of 19.9%, could easily take more than 20 years to fully repay if only the minimum payment is made each month.
For those celebrating in tiny spaces, here’s a few tips for small-space decorations (that are also light on the wallet):
brightcove…
US consumer spending and incomes show solids gains while yearly inflation posts big jump
– canadianbusiness.com
WASHINGTON – U.S. consumer spending rebounded in November after a weak showing in October, while a key inflation gauge posted the fastest year-over-year increase in 11 months.
Spending increased 0.3 per cent in November after an essentially flat reading in October and a 0.2 per cent gain in September, the Commerce Department said Wednesday. Personal income rose a solid 0.3 per cent in November, reflecting solid gains in wages and salaries, after a 0.4 per cent October increase.
Economists are predicting that further improvement in the job market will support consumer spending in coming months.
Paul Ashworth, chief U.S. economist at Capital Economics, said that the new economic data supported his view that the overall economy will expand at a moderate 2 per cent rate in the current October-December quarter, helped by solid growth in consumer spending.
“Even if investment ends up being a bit weaker than we were expecting, real consumption growth is on track for a 2.5 per cent annualized gain in the fourth quarter,” Ashworth said in a research note…
Spending increased 0.3 per cent in November after an essentially flat reading in October and a 0.2 per cent gain in September, the Commerce Department said Wednesday. Personal income rose a solid 0.3 per cent in November, reflecting solid gains in wages and salaries, after a 0.4 per cent October increase.
Economists are predicting that further improvement in the job market will support consumer spending in coming months.
Paul Ashworth, chief U.S. economist at Capital Economics, said that the new economic data supported his view that the overall economy will expand at a moderate 2 per cent rate in the current October-December quarter, helped by solid growth in consumer spending.
“Even if investment ends up being a bit weaker than we were expecting, real consumption growth is on track for a 2.5 per cent annualized gain in the fourth quarter,” Ashworth said in a research note…
Loonie surges, stock markets advance
– canadianbusiness.com
TORONTO – The Canadian dollar surged Wednesday morning as North American stock markets and the price of oil advanced.
The loonie was up 0.28 of a cent at 72.03 cents US as the Toronto Stock Exchange’s S&P/TSX index rose 92.19 points to 13,175.05.
The Dow Jones average of 30 stocks was up 111.84 points at 17,529.11, the broader S&P 500 index advanced 14.43 points to 2,053.40 and the Nasdaq gained 33.05 points to 5,034.16 at mid-morning.
On the commodity markets, the February gold contract fell $5.40 to US$1,068.70 an ounce, the February crude contract was up 92 cents at US$37.06 per barrel and the January contract for natural gas was unchanged at US$1.89.
The post Loonie surges, stock markets advance appeared first on Canadian Business – Your Source For Business News.
The loonie was up 0.28 of a cent at 72.03 cents US as the Toronto Stock Exchange’s S&P/TSX index rose 92.19 points to 13,175.05.
The Dow Jones average of 30 stocks was up 111.84 points at 17,529.11, the broader S&P 500 index advanced 14.43 points to 2,053.40 and the Nasdaq gained 33.05 points to 5,034.16 at mid-morning.
On the commodity markets, the February gold contract fell $5.40 to US$1,068.70 an ounce, the February crude contract was up 92 cents at US$37.06 per barrel and the January contract for natural gas was unchanged at US$1.89.
The post Loonie surges, stock markets advance appeared first on Canadian Business – Your Source For Business News.
Before the Bell: Futures move sharply higher; oil climbs
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
Orders for US durable goods nearly flat in November, as weak global economy hits manufacturing
– canadianbusiness.com
WASHINGTON – Factory orders for long-lasting goods such as autos, airplanes and electronics were flat in November, as the impact of a strong dollar and struggling global economy weigh on U.S. manufacturers.
Orders for durable goods were nearly unchanged in November after a 2.9 per cent increase in October, the Commerce Department said Wednesday. Demand for autos, electronic products and fabricated metals accelerated last month, but their gains were offset by declines in machinery and non-defence aircraft. Orders for capital goods not including aircraft — a key proxy for business investment — fell 0.4 per cent.
Durable goods orders have tumbled 3.7 per cent year-to-date. Slow economic growth among major U.S. trading partners — including Europe, China and Japan — has caused the dollar to rise in value, making U.S. goods more expensive overseas and less competitive. Lower oil prices have also squeezed demand for pipelines and equipment by energy companies.
“The manufacturing sector still looks fairly weak — weaker than non-manufacturing, reflecting more exposure to declining exports, a plunge in oil-related investment and an inventory cycle” where wholesalers are reducing their stockpiles, said Jim O’Sullivan, chief U…
Orders for durable goods were nearly unchanged in November after a 2.9 per cent increase in October, the Commerce Department said Wednesday. Demand for autos, electronic products and fabricated metals accelerated last month, but their gains were offset by declines in machinery and non-defence aircraft. Orders for capital goods not including aircraft — a key proxy for business investment — fell 0.4 per cent.
Durable goods orders have tumbled 3.7 per cent year-to-date. Slow economic growth among major U.S. trading partners — including Europe, China and Japan — has caused the dollar to rise in value, making U.S. goods more expensive overseas and less competitive. Lower oil prices have also squeezed demand for pipelines and equipment by energy companies.
“The manufacturing sector still looks fairly weak — weaker than non-manufacturing, reflecting more exposure to declining exports, a plunge in oil-related investment and an inventory cycle” where wholesalers are reducing their stockpiles, said Jim O’Sullivan, chief U…
