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Why companies are looking to Alberta to produce plastic + MORE Jul 31st
Work is well underway on a $3.5-billion petrochemical complex northeast of Edmonton — the first major petrochemical plant to be built in the province in nearly two decades. Industry analysts say there is good reason to believe there's plenty more investment on the way..... More »
Bank of Montreal boosts dividend, reports $1.25B quarterly profit May 30th
The Bank of Montreal joined its peers in delivering second-quarter profits that beat expectations as Canada's Big Five banks earned a collective $10.6 billion — up nearly 11 per cent from a year ago..... More »
Money in the bank: Ottawa looks for new ways to tax dormant accounts + MORE Jan 13th
Ottawa wants to reform and expand its national registry of "unclaimed balances" — money in financial accounts that Canadians have forgotten they own. The proposal would add unclaimed pensions to the registry, but critics say that with about $6 billion in dormant assets up for grabs.... More »
Top 10 most expensive homes in Metro Vancouver (PHOTOS) - Daily Hive + MORE Jan 2nd
Top 10 most expensive homes in Metro Vancouver (PHOTOS) Daily HiveIt should be no surprise that Metro Vancouver's most valuable residential real estate is located in the Westside area of the city of Vancouver, but here is a ...View full coverage on Google News.... More »
Estate planning considerations for single parents + MORE Nov 22nd
If you are a single parent, here are key questions you should consider:
1. Are your estate plan and related documents up to date? The death of a spouse or separation or divorce generally triggers a significant change in intentions on death. If you are widowed or if you no longer want your for.... More »
Be wary of private capital markets
– moneysense.ca
(Illustration by Sebastien Thibault)When Ontario became the first province to loosen restrictions for investing in private capital markets earlier this year, it opened the floodgates to millions who may not have qualified previously. As of April 30, similar changes are also coming to Alberta, Saskatchewan, Quebec, New Brunswick and Nova Scotia. Until now, it’s primarily been the wealthy who have had access to alternative investments in private markets. While returns with these products can be higher, so too can the risks.
In the past, an investor required financial assets of at least $1 million, income in excess of $200,000 in the past two years ($300,000 combined with a spouse), or a net worth of over $5 million to get into private capital markets. Now anybody can invest up to $10,000 annually—and so-called “eligible investors” can invest up to $30,000 provided they have $75,000 of personal income in the past two years ($125,000 combined with a spouse), or $400,000 in total net assets…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,497.07, down 124.23 points):
Pengrowth Energy Corp. (TSX:PGF). Oil and gas. Up 11 cents, or 8.46 per cent, to $1.41 on 47.6 million shares.
OceanaGold Corp. (TSX:OGC). Miner. Up 15 cents, or 4.21 per cent, to $3.71 on 34.4 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up five cents, or 4.03 per cent, to $1.29 on 33.3 million shares.
Athabasca Oil Corp. (TSX:ATH). Oil and gas. Miner. Down three cents, or 2.48 per cent, to $1.18 on 26 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up three cents, or 0.74 per cent, to $4.09 on 21.5 million shares.
Trinidad Drilling Ltd. (TSX:TDG). Oil and gas. Up seven cents, or 3.89 per cent, to $1.87 on 19.2 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering, construction. Down 70 cents, or 1.48 per cent, to $46.46 on 707,250 shares. SNC-Lavalin is eliminating 950 jobs around the world, including 600 in Canada…
Toronto Stock Exchange (13,497.07, down 124.23 points):
Pengrowth Energy Corp. (TSX:PGF). Oil and gas. Up 11 cents, or 8.46 per cent, to $1.41 on 47.6 million shares.
OceanaGold Corp. (TSX:OGC). Miner. Up 15 cents, or 4.21 per cent, to $3.71 on 34.4 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up five cents, or 4.03 per cent, to $1.29 on 33.3 million shares.
Athabasca Oil Corp. (TSX:ATH). Oil and gas. Miner. Down three cents, or 2.48 per cent, to $1.18 on 26 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up three cents, or 0.74 per cent, to $4.09 on 21.5 million shares.
Trinidad Drilling Ltd. (TSX:TDG). Oil and gas. Up seven cents, or 3.89 per cent, to $1.87 on 19.2 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering, construction. Down 70 cents, or 1.48 per cent, to $46.46 on 707,250 shares. SNC-Lavalin is eliminating 950 jobs around the world, including 600 in Canada…
The Columbia stock that’s not rallying on TransCanada's buyout
– theglobeandmail.com
TransCanada said nothing about its plans for Columbia Pipeline Partners LP, whose owners expect it to grow in value and pay out higher distributions at a pace of about 20 per cent a year
Starwood and Columbia Pipeline climb on deals, Adobe rises
– canadianbusiness.com
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Starwood Hotels & Resorts Worldwide Inc. (HOT), up $4.18 to $80.57
The hotel chain accepted a $14 billion buyout offer from a group led by Anbang Insurance Group of China.
Columbia Pipeline Group Inc. (CPGX), up $1.33 to $24.84
TransCanada Corp. agreed to buy the company for $10 billion, or $25.50 per share, in an attempt to expand further into the U.S.
Tiffany & Co. (TIF), up $2.07 to $72.19
The jewelry retailer had a difficult fourth quarter, but its profit was larger than investors expected.
JPMorgan Chase & Co. (JPM), up $1.73 to $60.48
The bank said it will buy back another $1.88 billion in company stock, and got a boost from rising oil prices.
Textron Inc. (TXT), up $1.20 to $36.17
The weakening dollar could make Textron’s products, including Cessna small planes and Bell helicopters, more affordable overseas.
Bank of America Corp. (BAC), up 39 cents to $13…
NYSE
Starwood Hotels & Resorts Worldwide Inc. (HOT), up $4.18 to $80.57
The hotel chain accepted a $14 billion buyout offer from a group led by Anbang Insurance Group of China.
Columbia Pipeline Group Inc. (CPGX), up $1.33 to $24.84
TransCanada Corp. agreed to buy the company for $10 billion, or $25.50 per share, in an attempt to expand further into the U.S.
Tiffany & Co. (TIF), up $2.07 to $72.19
The jewelry retailer had a difficult fourth quarter, but its profit was larger than investors expected.
JPMorgan Chase & Co. (JPM), up $1.73 to $60.48
The bank said it will buy back another $1.88 billion in company stock, and got a boost from rising oil prices.
Textron Inc. (TXT), up $1.20 to $36.17
The weakening dollar could make Textron’s products, including Cessna small planes and Bell helicopters, more affordable overseas.
Bank of America Corp. (BAC), up 39 cents to $13…
These income-producing products turned out to be not such a safe investment after all
– theglobeandmail.com
But don’t ignore those who have strong sponsors, good pipeline of acquisitions, analysts say
