All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Canada needs to do more to protect data from U.S. in NAFTA talks: industry + MORE Sep 29th
OTTAWA _ Concern is growing that federal negotiators aren’t doing enough to protect the personal information of Canadians from prying U.S. interests at the North American Free Trade Agreement negotiations.
Information technology companies and other digital economy insiders say federal negotiat.... More »
AUGMENTED WORLD EXPO ANNOUNCES 2026 AUGGIE AWARD WINNERS, BEST IN SHOW AND XR HALL OF FAME LEGENDS - PR Newswire Jun 18th
AUGMENTED WORLD EXPO ANNOUNCES 2026 AUGGIE AWARD WINNERS, BEST IN SHOW AND XR HALL OF FAME LEGENDS PR NewswireSnap unveils $2,195 AR glasses as CEO Evan Spiegel bets on post-smartphone future CNBCIntroducing SPECS Augmented Reality Glasses Snap NewsroomSnap Inc. Debu.... More »
Swiss Lonza buys US diet supplement supplier InterHealth + MORE Aug 15th
BERLIN – Pharmaceutical supplier Lonza of Switzerland says it is buying InterHealth Nutraceuticals, Inc., a California-based company that makes ingredients for use in dietary supplements, in a deal worth up to $300 million.
InterHealth, a portfolio company of Kainos Capital, is based in Benici.... 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 »
Spotify wins more fans in Wall Steet debut as stock surges + MORE Apr 4th
SAN FRANCISCO _ Spotify picked up more fans on Wall Street on Tuesday as investors gave the unprofitable company a warm welcome in its stock market debut.
After several hours of anticipation, Spotify’s shares traded as high as $169 before falling back slightly. By the early afternoon, the stoc.... More »
US Treasury Secretary demands action on Puerto Rico’s crisis
– canadianbusiness.com
SAN JUAN, Puerto Rico – U.S. Treasury Secretary Jacob Lew urged Congress on Friday to pass legislation by March to help ease Puerto Rico’s economic crisis before it’s too late.
Lew made the request in a letter to U.S. House Speaker Paul Ryan, a Wisconsin Republican, as he announced an upcoming trip to the island to meet with government officials and business leaders to talk about the financial situation.
“Although there are many ways this crisis could escalate further, it is clear that Puerto Rico is already in the midst of an economic collapse,” Lew wrote. “It is time for Congress to act to provide order to a chaotic and worsening situation.”
Puerto Rico is struggling with $72 billion in public debt that the governor has said is unpayable and needs restructuring. The island recently defaulted on $37 million in interest on bonds and faces its first lawsuit over how it has diverted funds to meet certain bond payments. Gov. Alejandro Garcia Padilla has already warned that Puerto Rico doesn’t have money for upcoming bond payments including $400 million due in May…
Lew made the request in a letter to U.S. House Speaker Paul Ryan, a Wisconsin Republican, as he announced an upcoming trip to the island to meet with government officials and business leaders to talk about the financial situation.
“Although there are many ways this crisis could escalate further, it is clear that Puerto Rico is already in the midst of an economic collapse,” Lew wrote. “It is time for Congress to act to provide order to a chaotic and worsening situation.”
Puerto Rico is struggling with $72 billion in public debt that the governor has said is unpayable and needs restructuring. The island recently defaulted on $37 million in interest on bonds and faces its first lawsuit over how it has diverted funds to meet certain bond payments. Gov. Alejandro Garcia Padilla has already warned that Puerto Rico doesn’t have money for upcoming bond payments including $400 million due in May…
Global stock markets slide, oil falls below $30 a barrel
– canadianbusiness.com
U.S. stocks are sharply lower, led by steep declines in energy companies as the price oil takes another tumble.
The price of oil sank below $30 a barrel Friday and is trading at its lowest level since 2003.
The sharp slump in crude from over $100 a barrel in the summer of 2014 has eviscerated energy company profits and made it much harder for them to pay off their debts.
Intel dropped 9 per cent as earnings from its PC business continue to slump.
The Dow Jones industrial average plunged 373 points, or 2.3 per cent, to 16,003 as of 11:45 a.m. Eastern time.
The Standard & Poor’s 500 index fell 47 points, or 2.5 per cent, to 1,873. The Nasdaq composite fell 144 points, or 3.25 per cent, to 4,469.
The post Global stock markets slide, oil falls below $30 a barrel appeared first on Canadian Business – Your Source For Business News.
The price of oil sank below $30 a barrel Friday and is trading at its lowest level since 2003.
The sharp slump in crude from over $100 a barrel in the summer of 2014 has eviscerated energy company profits and made it much harder for them to pay off their debts.
Intel dropped 9 per cent as earnings from its PC business continue to slump.
The Dow Jones industrial average plunged 373 points, or 2.3 per cent, to 16,003 as of 11:45 a.m. Eastern time.
The Standard & Poor’s 500 index fell 47 points, or 2.5 per cent, to 1,873. The Nasdaq composite fell 144 points, or 3.25 per cent, to 4,469.
The post Global stock markets slide, oil falls below $30 a barrel appeared first on Canadian Business – Your Source For Business News.
TORONTO — The Canadian dollar was trading below 69 cents US early Friday for the first time since 2003 as crude oil futures dropped below US$30 a barrel and overseas stock markets fell sharply.
The loonie traded as low as 68.74 cents US about five hours before the Toronto Stock Exchange open at 9:30 a.m.. The dollar was higher at 7:30 a.m., at 68.88 cents US — about three-quarters of a U.S. cent below the Thursday closing price.
Canada’s dollar — which hasn’t been below 69 cents since April 2003 — was also down Friday against the euro, British pound and Japanese yen.
On the commodity markets, February crude oil futures briefly traded at US$29.53 a barrel at about 7:30 a.m. The falling price of crude — from more than US$100 a barrel in the summer of 2014 — has been a major reason for the loonie’s fall.
With about two hours to go before regular trading on North American stock exchanges at 9:30 a.m., index futures had turned from solidly positive to negative: Dow Jones futures were down 247…
The loonie traded as low as 68.74 cents US about five hours before the Toronto Stock Exchange open at 9:30 a.m.. The dollar was higher at 7:30 a.m., at 68.88 cents US — about three-quarters of a U.S. cent below the Thursday closing price.
Canada’s dollar — which hasn’t been below 69 cents since April 2003 — was also down Friday against the euro, British pound and Japanese yen.
On the commodity markets, February crude oil futures briefly traded at US$29.53 a barrel at about 7:30 a.m. The falling price of crude — from more than US$100 a barrel in the summer of 2014 — has been a major reason for the loonie’s fall.
With about two hours to go before regular trading on North American stock exchanges at 9:30 a.m., index futures had turned from solidly positive to negative: Dow Jones futures were down 247…
The Toronto Stock Exchange’s S&P/TSX index was down 341.68 points — 2.8% — shortly after the opening bell at 9:30 a.m. ET, joining declines in Asia, Europe and the United States.
Swiss govt denies report that it’s fleecing refugees
– canadianbusiness.com
BERLIN – Swiss authorities on Friday rejected criticism over their practice of seizing cash from refugees, saying it’s based on a decades-old law and only affects a small number of people.
A widely cited report Thursday by Swiss public broadcaster SRF, detailing how one Syrian man had to hand over more than half his family’s money to police, has prompted criticism from refugee groups.
But a spokeswoman for the Swiss State Secretariat for Migration said the rule was neither new nor disproportionate.
“There’s an article that’s been in our asylum law for more than 20 years … that if asylum seekers arrive in Switzerland, any assets above 1,000 Swiss francs ($996) can be taken off them,” Lea Wertheimer said.
The measure affected just 112 out of 45,000 refugees last year, and generated 210,000 francs.
“Most asylum-seekers are penniless,” she told The Associated Press, adding that jewelry and other personal items aren’t taken away…
A widely cited report Thursday by Swiss public broadcaster SRF, detailing how one Syrian man had to hand over more than half his family’s money to police, has prompted criticism from refugee groups.
But a spokeswoman for the Swiss State Secretariat for Migration said the rule was neither new nor disproportionate.
“There’s an article that’s been in our asylum law for more than 20 years … that if asylum seekers arrive in Switzerland, any assets above 1,000 Swiss francs ($996) can be taken off them,” Lea Wertheimer said.
The measure affected just 112 out of 45,000 refugees last year, and generated 210,000 francs.
“Most asylum-seekers are penniless,” she told The Associated Press, adding that jewelry and other personal items aren’t taken away…
