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Saudi Arabia freezes new trade, investment after Canada demands activists be freed - CBC.ca + MORE Aug 6th
CBC.caSaudi Arabia freezes new trade, investment after Canada demands activists be freedCBC.caSaudi Arabia says it has ordered Canada's ambassador to leave the country, and is freezing all new trade and investment transactions with Canada in a spat over human rights. Ottawa is 'seeking gre.... More »
Red Hat stock up 47% after $34B US takeover by IBM Oct 29th
Shares of Red Hat skyrocketed 47 per cent at the opening of trading in New York Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company..... More »
90 days - 1.75% + MORE Sep 29th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
Canada’s Best Jobs: Real Estate & Financial Manager + MORE May 29th
(Rawpixel/Shutterstock)
Median Salary:
$103,376
Salary Growth (2010–2016):
+29%
Total Employees:
21,600
Change in Employees (2010–2016):
+8%
Job Description:
These managers of real estate and finance firms are often involved in insurance, commodities trading, and brokering m.... More »
Japan’s Rakuten to buy cash-back site Ebates for $1 billion, aiming to expand product line-up + MORE Sep 9th
TOKYO – Japanese e-commerce giant Rakuten Inc. says it plans to buy the U.S. based cash-back purchasing site Ebates for $1 billion.
The company said Tuesday that it aims to build the world’s largest product line-up, ranging from niche to luxury products.
Rakuten, which competes with Amaz.... More »
5.5 year – 2.80%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Lawyers prepare to battle over $7.3B in Nortel assets in cross-border trial
– canadianbusiness.com
TORONTO – A complex trial to determine how billions of dollars in Nortel Networks Corp.’s remaining assets are to be divided begins Monday in a pricey cross-border hearing that’s considered the first of its kind.
Lawyers for former employees, pensioners and creditors will descend on two courtrooms — one in Toronto and the other in Delaware — to argue over who gets a share of $7.3 billion from the sale of the former technology giant’s patents and other assets from its international operations.
What’s unique is the sheer magnitude of the proceeding, which is considered one of the biggest bankruptcy trials in Canadian history, and the escalating costs associated with it.
The cost of the Nortel case has climbed to US$1.185 billion since early 2009, according to an estimate from Diane Urquhart, an independent adviser assisting former Nortel employees.
Expenses range from legal fees to cutting-edge technology that links both courtrooms that are expected to be filled mostly with lawyers…
Lawyers for former employees, pensioners and creditors will descend on two courtrooms — one in Toronto and the other in Delaware — to argue over who gets a share of $7.3 billion from the sale of the former technology giant’s patents and other assets from its international operations.
What’s unique is the sheer magnitude of the proceeding, which is considered one of the biggest bankruptcy trials in Canadian history, and the escalating costs associated with it.
The cost of the Nortel case has climbed to US$1.185 billion since early 2009, according to an estimate from Diane Urquhart, an independent adviser assisting former Nortel employees.
Expenses range from legal fees to cutting-edge technology that links both courtrooms that are expected to be filled mostly with lawyers…
Traders look for direction, TSX snaps winning streak, earnings season winds up
– canadianbusiness.com
The Toronto stock market could be in for more choppy action this week as the first-quarter earnings season winds down and investors consider what has made the TSX one of the top market performers in early 2014 and whether those reasons are still valid.
It is also a relatively light week for market-moving economic data.
The Toronto market had a negative week last week after three weeks of gains that pushed the TSX up about 8.4 per cent year to date and within about 300 points of its all-time high from the summer of 2008.
But cracks started to appear last week and the TSX fell 1.57 per cent, still leaving it up 6.7 per cent year to date while the Dow industrials had gained just 0.43 per cent.
It is also a gain that many analysts thought the TSX would register for the whole year.
Bob Gorman, chief portfolio strategist at TD Waterhouse, didn’t think the decline last week had much to do with the recent slew of earnings reports, pronouncing them by and large “pretty solid”.
Rather, it is that some of the sectors that sustained the biggest declines last year have staged impressive comebacks for good reasons and it’s hard to see what can drive those components higher…
It is also a relatively light week for market-moving economic data.
The Toronto market had a negative week last week after three weeks of gains that pushed the TSX up about 8.4 per cent year to date and within about 300 points of its all-time high from the summer of 2008.
But cracks started to appear last week and the TSX fell 1.57 per cent, still leaving it up 6.7 per cent year to date while the Dow industrials had gained just 0.43 per cent.
It is also a gain that many analysts thought the TSX would register for the whole year.
Bob Gorman, chief portfolio strategist at TD Waterhouse, didn’t think the decline last week had much to do with the recent slew of earnings reports, pronouncing them by and large “pretty solid”.
Rather, it is that some of the sectors that sustained the biggest declines last year have staged impressive comebacks for good reasons and it’s hard to see what can drive those components higher…
