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Japan official says government ready to act if necessary to quell market volatility + MORE Aug 25th
TOKYO – A senior Japanese official says the government is prepared to “take appropriate measures,” if necessary, to quell volatility in the financial markets.
Chief Cabinet Secretary Yoshihide Suga said Tuesday that Japan’s economy remains “on track for a moderate recov.... More »
Best in show: How to find and invest in market leaders Apr 5th
Canadians approach retirement planning in many different ways, but there’s one thing we can all benefit from: a strategy to save enough to retire comfortably and even generate income after we stop working.
But many of us don’t feel financially ready to stop working. According to a 2022 survey.... More »
Vancouver home sales hit four-year low in wake of foreign-buyers tax - The Globe and Mail + MORE Sep 3rd
The Globe and MailVancouver home sales hit four-year low in wake of foreign-buyers taxThe Globe and MailHome sales in the Vancouver region hit their lowest August levels in four years as the real estate market grappled with the shock around the B.C. government's new tax on foreign buyers. There.... More »
Morneau to weigh in on OSFI's ‘bank’ branding crackdown + MORE Jul 25th
Canadian banking regulator announced plan to levy penalties against non-bank financial institutions using terms such ‘banking’ and ‘banker’ last month, drawing credit-union trade group’s ire
.... More »
Cost-benefit analysis alone shouldn’t guide Olympic bid decision + MORE Jan 25th
As an economist, perhaps I should find it satisfying that every public-policy decision we make demands an economic justification. What’s the cost-benefit analysis of the project? What’s the return on investment of building a new tunnel or library? ...
.... More »
World stocks mostly down as markets awaits jobs report for verdict on Fed stimulus withdrawal
– canadianbusiness.com
World stock markets mostly retreated Thursday as investors awaited a U.S. jobs report that might deliver a verdict on whether the Federal Reserve’s withdrawal of stimulus was warranted.
KEEPING SCORE: France’s CAC 40 was down 0.5 per cent at 4,185.90 and Germany’s DAX shed 0.5 per cent to 9,271.35. Britain’s FTSE 100 fell 0.5 per cent to 6,506.14. Future pointed to losses on Wall Street. Dow futures were down 0.2 per cent at 17,385 and S&P 500 futures dropped 0.2 per cent to 2,014.20.
JOBS REPORT: A strong report on U.S. hiring from payrolls processor ADP suggested Friday’s official monthly employment figures will show robust employment growth. If that is the case, it will allay lingering worries that the Fed’s recent decision to withdraw its extraordinary stimulus, provided through a massive program of bond buying, was premature. Intended to spur economic recovery after the global recession, the stimulus helped markets defy gravity even in the face of poor company earnings or bad economic news…
KEEPING SCORE: France’s CAC 40 was down 0.5 per cent at 4,185.90 and Germany’s DAX shed 0.5 per cent to 9,271.35. Britain’s FTSE 100 fell 0.5 per cent to 6,506.14. Future pointed to losses on Wall Street. Dow futures were down 0.2 per cent at 17,385 and S&P 500 futures dropped 0.2 per cent to 2,014.20.
JOBS REPORT: A strong report on U.S. hiring from payrolls processor ADP suggested Friday’s official monthly employment figures will show robust employment growth. If that is the case, it will allay lingering worries that the Fed’s recent decision to withdraw its extraordinary stimulus, provided through a massive program of bond buying, was premature. Intended to spur economic recovery after the global recession, the stimulus helped markets defy gravity even in the face of poor company earnings or bad economic news…
Train and machinery maker Siemens sees profit rise in Q4, offers cautious outlook
– canadianbusiness.com
FRANKFURT – Industrial equipment maker Siemens AG says net profit rose 40 per cent in the fourth quarter but issued a cautious outlook for the coming year, saying global tensions would affect its business and predicting flat revenue.
Siemens also said Thursday it was selling its hearing-aid business to the investment company EQT and Germany’s Struengmann family of entrepreneurs for 2.15 billion euros.
Net income for the quarter, the company’s fiscal fourth, rose to 1.498 billion euros ($1.872 billion) from 1.068 euros in the same quarter a year ago. Revenue was flat at 20.559 billion euros.
The Munich-based maker of heavy equipment such as trains and power turbines said that the business environment would be “complex” in 2015, among other things due to geopolitical tensions.
The post Train and machinery maker Siemens sees profit rise in Q4, offers cautious outlook appeared first on Canadian Business.
Siemens also said Thursday it was selling its hearing-aid business to the investment company EQT and Germany’s Struengmann family of entrepreneurs for 2.15 billion euros.
Net income for the quarter, the company’s fiscal fourth, rose to 1.498 billion euros ($1.872 billion) from 1.068 euros in the same quarter a year ago. Revenue was flat at 20.559 billion euros.
The Munich-based maker of heavy equipment such as trains and power turbines said that the business environment would be “complex” in 2015, among other things due to geopolitical tensions.
The post Train and machinery maker Siemens sees profit rise in Q4, offers cautious outlook appeared first on Canadian Business.
3.5 year – 2.20%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-10-20. Click on the link above to get more details or apply online.
Honda to invest $800-million at Ontario manufacturing plant
– theglobeandmail.com
The investment is a shot in the arm for the province, which has been a bystander in recent years as new investment by auto makers flooded into Mexico and the southern United States.
60 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
