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Home Capital: Finance billionaire Smith bets Canada’s housing slump won’t last - BNN Bloomberg Nov 21st
Home Capital: Finance billionaire Smith bets Canada’s housing slump won’t last BNN BloombergAlternative mortgage lender Home Capital to be bought by Smith Financial for $1.7-billion The Globe and MailHome Capital's current share price worth below $30/share is a worse case s.... More »
The best high-interest savings accounts in Canada for 2026 + MORE May 11th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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What is the Saskatchewan Pension Plan? May 12th
The Saskatchewan Pension Plan (SPP) was introduced in 1986 and was originally intended to help part-time workers, the self-employed, or others without access to a pension to save for retirement. Over time, it has evolved and become more appealing to both individuals and businesses.
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The best GIC rates in Canada for 2026 Jul 27th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Why your bond ETF isn’t losing money + MORE May 28th
I frequently get asked questions about bonds. One reader named Andrew recently asked me: “I have been investing using your Couch Potato strategy for just over three years now,” he wrote. “However, does it still make sense to invest in bonds when they are continually losing money?”
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Fortis to buy U.S. electric transmission company ITC
– macleans.ca
ST. JOHN’S, N.L. — Fortis Inc. has a friendly US$11.3-billion deal to buy U.S. electric transmission company ITC, an acquisition that extends the Newfoundland-based utility company’s already vast reach south of the border.
The proposed agreement announced Tuesday — which requires various approvals — includes US$6.9 billion in cash and stock and US$4.4 billion in assumed debt. Shareholders in ITC would have a 27 per cent stake in the combined company.
Fortis president and CEO Barry Perry said the acquisition of the Michigan-based company strengthens its business in the United States, giving it access to more than 25,000 kilometres of transmission lines.
“This deal has it all for Fortis and was a bull’s-eye for us when we were looking at how it fit our company,” Perry said in a conference call with analysts.
Although Fortis (TSX:FTS) has a low public profile, it has expanded beyond its base as owner of Newfoundland Power and owns extensive operations across North America…
The proposed agreement announced Tuesday — which requires various approvals — includes US$6.9 billion in cash and stock and US$4.4 billion in assumed debt. Shareholders in ITC would have a 27 per cent stake in the combined company.
Fortis president and CEO Barry Perry said the acquisition of the Michigan-based company strengthens its business in the United States, giving it access to more than 25,000 kilometres of transmission lines.
“This deal has it all for Fortis and was a bull’s-eye for us when we were looking at how it fit our company,” Perry said in a conference call with analysts.
Although Fortis (TSX:FTS) has a low public profile, it has expanded beyond its base as owner of Newfoundland Power and owns extensive operations across North America…
NFL owner buys historic Waggoner Ranch, largest in US
– canadianbusiness.com
VERNON, Texas – A billionaire NFL owner has purchased a Texas mega-ranch that has been operated by one family for nearly a century.
The heirs of cattle baron W.T. Waggoner said Tuesday that a judge permitted the sale to Rams owner Stan Kroenke for an undisclosed sum. The ranch had been listed for $725 million when it hit the market in August 2014.
The Waggoner Ranch is about 175 miles northwest of Dallas. It’s the largest behind one fence in the United States.
Kroenke said in a statement that he would “protect and preserve” what broker Bernie Uechtritz called the “Statue of Liberty” of cowboy culture.
Waggoner granddaughter Electra Waggoner Biggs filed a lawsuit in 1991 to liquidate the estate, setting off a decadeslong courtroom battle among the heirs.
The post NFL owner buys historic Waggoner Ranch, largest in US appeared first on Canadian Business – Your Source For Business News.
The heirs of cattle baron W.T. Waggoner said Tuesday that a judge permitted the sale to Rams owner Stan Kroenke for an undisclosed sum. The ranch had been listed for $725 million when it hit the market in August 2014.
The Waggoner Ranch is about 175 miles northwest of Dallas. It’s the largest behind one fence in the United States.
Kroenke said in a statement that he would “protect and preserve” what broker Bernie Uechtritz called the “Statue of Liberty” of cowboy culture.
Waggoner granddaughter Electra Waggoner Biggs filed a lawsuit in 1991 to liquidate the estate, setting off a decadeslong courtroom battle among the heirs.
The post NFL owner buys historic Waggoner Ranch, largest in US appeared first on Canadian Business – Your Source For Business News.
NASCAR allows franchise system to give team owners value
– canadianbusiness.com
CHARLOTTE, N.C. – NASCAR announced a dramatic overhaul to its business model Tuesday, shifting to a franchise-like system that is intended to provide actual value and financial stability to team owners after decades of heavy reliance on sponsors.
The change gets away from the independent contractor model that had been used since NASCAR’s 1948 inception. A car owner was responsible for all the financial obligations to race each week, depending on sponsorship to help foot the bills. When a sponsor pulled its funding, a car owner could go broke and be left with nothing but racing equipment.
Michael Waltrip Racing had nothing but old cars, used equipment and a building to sell when it closed its doors in November. Now MWR has two of the 36 coveted “charters” and the ability to sell them to the highest bidder. A charter guarantees revenue and a position in what will now be a 40-car Sprint Cup field, down from 43.
MWR co-owner Rob Kauffman, the architect of the Race Team Alliance group that brokered the deal with NASCAR, indicated his two charters will be sold before the Feb…
The change gets away from the independent contractor model that had been used since NASCAR’s 1948 inception. A car owner was responsible for all the financial obligations to race each week, depending on sponsorship to help foot the bills. When a sponsor pulled its funding, a car owner could go broke and be left with nothing but racing equipment.
Michael Waltrip Racing had nothing but old cars, used equipment and a building to sell when it closed its doors in November. Now MWR has two of the 36 coveted “charters” and the ability to sell them to the highest bidder. A charter guarantees revenue and a position in what will now be a 40-car Sprint Cup field, down from 43.
MWR co-owner Rob Kauffman, the architect of the Race Team Alliance group that brokered the deal with NASCAR, indicated his two charters will be sold before the Feb…
CBC.caOil dips below $28 US a barrel, dragging TSX down 300 pointsCBC.caThe price of a barrel of oil sold off heavily today, bottoming out near $28 US a barrel amid more signs the world is still drowning in excess crude. A barrel of the North American crude oil benchmark was down $1.78 to $27.96 a barrel Tuesday afternoon …Oil slumps 7% on expected US crude build, slowdown fearThe Globe and MailOil prices tumble 7% as fears of record high U.S. stockpiles growFinancial PostOil settles below $US28 a barrelThe AustralianBangkok Post -Arab Newsall 408 news articles »
Viacom CEO defends self in testy exchange on 1Q results
– canadianbusiness.com
LOS ANGELES, Calif. – Viacom Inc. CEO Philippe Dauman defended himself in a testy exchange with analysts during a quarterly earnings conference call after the media company behind MTV and Paramount Pictures missed revenue expectations for the fifth quarter in a row.
The call occurred as 92-year-old chairman emeritus Sumner Redstone — who has a speech impediment in part due to life-support apparatus — was said to be listening in. It came just a few days after Dauman replaced Redstone as executive chair to go along with his job as CEO, and three weeks after Viacom awarded Dauman a $17 million contract renewal bonus that boosted his overall pay 22 per cent to $54.2 million last year.
In reaction to the weak quarter and a call that didn’t inspire investor confidence, shares fell more than 17 per cent to a 52-week low Tuesday and were trading at $34.44, more than 60 per cent below the peak in July 2014.
“Given the exceedingly poor performance of Viacom over the last few years … just wondering if you could give us colour on why you were the board’s choice to be both chairman and CEO?” asked Rich Greenfield, an analyst with BTIG…
The call occurred as 92-year-old chairman emeritus Sumner Redstone — who has a speech impediment in part due to life-support apparatus — was said to be listening in. It came just a few days after Dauman replaced Redstone as executive chair to go along with his job as CEO, and three weeks after Viacom awarded Dauman a $17 million contract renewal bonus that boosted his overall pay 22 per cent to $54.2 million last year.
In reaction to the weak quarter and a call that didn’t inspire investor confidence, shares fell more than 17 per cent to a 52-week low Tuesday and were trading at $34.44, more than 60 per cent below the peak in July 2014.
“Given the exceedingly poor performance of Viacom over the last few years … just wondering if you could give us colour on why you were the board’s choice to be both chairman and CEO?” asked Rich Greenfield, an analyst with BTIG…
