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Real Matters picks bankers, aims for $125-million in IPO + MORE Apr 21st
The company is targeting an enterprise valuation of more than $1-billion with the offering, sources say
.... More »
Meet Canada’s All-Star Stocks + MORE Nov 7th
This is Kickstart—the daily morning management briefing on innovation, leadership, technology and the economy from the editors of Canadian Business. Sign up to get it directly to your inbox each weekday at 6 AM Eastern.
Good morning! Here’s what’s on our radar at the moment:
Meet Canadaâ€.... More »
Ambrose asks federal watchdogs to investigate Liberal fundraisers + MORE Dec 6th
Interim Conservative leader Rona Ambrose asks a question during question period in the House of Commons on Parliament Hill in Ottawa on Tuesday, April 19, 2016. THE CANADIAN PRESS/Sean Kilpatrick
OTTAWA – Interim Conservative leader Rona Ambrose is asking the federal lobbying and ethics watchd.... More »
The best GIC rates in Canada for 2025 Mar 10th
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
The best GIC rates in Canada for 2025 + MORE Jan 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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
4 changes in B.C.’s hot real estate market
– moneysense.ca
(Lucidio Studio, Inc. / Getty Images)After weeks of acrimonious headlines and months of finger-pointing, there’s been a few developments that should eventually help ease skyrocketing Vancouver home prices.
Triple the fine
At the end of March, the president of Real Estate Board of Greater Vancouver (REBGV), the provincial trade association that represents British Columbia’s realtors, wrote an open letter to B.C. Premier Christy Clark, criticizing the government’s decision to take steps to end the controversial practice of shadow flipping. During that same week, REBGV members (all of whom are licensed realtors) gathered at their annual general meeting. At the meeting, 80% of the members voted to increase the fines for realtor misconduct.
Up until now, the maximum fine that could be levied against a realtor that had ethically or legally strayed from regulations that govern their conduct was $10,000. Starting early April, this fine tripled to $30,000, said new REBGV president, Dan Morrison…
CNNMoneyTrump will testify after election in Trump University suitTheChronicleHerald.caSAN DIEGO — Donald Trump will testify after the presidential election on a class-action lawsuit that accuses the billionaire businessman and his now-defunct Trump University of defrauding people who paid up to $35,000 for real estate seminars, his …The Latest: Trump will testify after election on lawsuitOttawa CitizenDonald Trump to testify in Trump University fraud lawsuit — after the electionLos Angeles TimesJudge to consider timing of Trump University trial680 NewsCNNMoney -Bristol Herald Courier (press release) (blog) -The San Diego Union-Tribune -The Hill (blog)all 28 news articles »
A Trump proposal for national debt would send rates soaring
– canadianbusiness.com
WASHINGTON – In the event that the U.S. economy crashed, Donald Trump has floated a recovery plan based on his own experience with corporate bankruptcy: Pay America’s creditors less than full value on the U.S. Treasurys they hold.
Experts see it as a reckless idea that would send interest rates soaring, derail economic growth and undermine confidence in the world’s most trusted financial asset.
The presumptive Republican presidential nominee suggested in a phone interview Thursday with CNBC that he would stimulate growth through borrowing. If trouble arose, he added, he could get investors to accept reduced payments for their Treasury holdings.
Trump later clarified that comment to say he would offer to buy the bonds back at a discount from investors in hopes of refinancing them at lower rates.
“I would borrow, knowing that if the economy crashed, you could make a deal,” Trump told CNBC.
Such a move, never before attempted by the U.S. government, would likely spook investors whose trust in Treasury notes keeps global financial markets operating…
Experts see it as a reckless idea that would send interest rates soaring, derail economic growth and undermine confidence in the world’s most trusted financial asset.
The presumptive Republican presidential nominee suggested in a phone interview Thursday with CNBC that he would stimulate growth through borrowing. If trouble arose, he added, he could get investors to accept reduced payments for their Treasury holdings.
Trump later clarified that comment to say he would offer to buy the bonds back at a discount from investors in hopes of refinancing them at lower rates.
“I would borrow, knowing that if the economy crashed, you could make a deal,” Trump told CNBC.
Such a move, never before attempted by the U.S. government, would likely spook investors whose trust in Treasury notes keeps global financial markets operating…
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 (13,701.47, up 69.46 points):
Kinross Gold Corp. (TSX:K). Miner. Up 38 cents, or 5.56 per cent, to $7.21 on 9.5 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up seven cents, or 0.76 per cent, to $9.31 on 8.4 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 14 cents, or 2.26 per cent, to $6.06 on 7.5 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Unchanged at $2.01 on 7.4 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 30 cents, or 5.20 per cent, to $6.07 on 7.1 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down five cents, or 0.62 per cent, to $8.06 on seven million shares.
Companies reporting major news:
Hydro One Ltd. (TSX:H). Utilities. Up 17 cents, or 0.72 per cent, to $23.92 on 1.1 million shares. Hydro One says a mild winter and storm-related costs weakened financial results in the electric utility’s first full quarter as a publicly traded company…
Toronto Stock Exchange (13,701.47, up 69.46 points):
Kinross Gold Corp. (TSX:K). Miner. Up 38 cents, or 5.56 per cent, to $7.21 on 9.5 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up seven cents, or 0.76 per cent, to $9.31 on 8.4 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 14 cents, or 2.26 per cent, to $6.06 on 7.5 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Unchanged at $2.01 on 7.4 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 30 cents, or 5.20 per cent, to $6.07 on 7.1 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down five cents, or 0.62 per cent, to $8.06 on seven million shares.
Companies reporting major news:
Hydro One Ltd. (TSX:H). Utilities. Up 17 cents, or 0.72 per cent, to $23.92 on 1.1 million shares. Hydro One says a mild winter and storm-related costs weakened financial results in the electric utility’s first full quarter as a publicly traded company…
The Latest: Trump will testify after election on lawsuit
– canadianbusiness.com
SAN DIEGO – The Latest on a class-action lawsuit against Donald Trump and his now-defunct Trump University (all times local):
2:25 p.m.
Donald Trump will testify after the presidential election on a class-action lawsuit that accuses the billionaire businessman and his now-defunct Trump University of defrauding people who paid up to $35,000 for real estate seminars.
A federal judge in San Diego on Friday set a Nov. 28 trial. Trump lawyer Daniel Petrocelli says the presumptive GOP nominee plans to attend most, if not all, of trial and will take the witness stand.
The lawsuit is one of three that accuse Trump University of fleecing students with unfulfilled promises to teach secrets of success in real estate.
Trump’s attorneys resisted the idea bringing the six-year-old case to trial while the real estate mogul was in the race. Plaintiffs had suggested a June trial.
___
11:55 p.m.
A federal judge in San Diego has said he wanted a trial by the middle of this year in a class-action lawsuit against Donald Trump by students of Trump University who say they were defrauded…
2:25 p.m.
Donald Trump will testify after the presidential election on a class-action lawsuit that accuses the billionaire businessman and his now-defunct Trump University of defrauding people who paid up to $35,000 for real estate seminars.
A federal judge in San Diego on Friday set a Nov. 28 trial. Trump lawyer Daniel Petrocelli says the presumptive GOP nominee plans to attend most, if not all, of trial and will take the witness stand.
The lawsuit is one of three that accuse Trump University of fleecing students with unfulfilled promises to teach secrets of success in real estate.
Trump’s attorneys resisted the idea bringing the six-year-old case to trial while the real estate mogul was in the race. Plaintiffs had suggested a June trial.
___
11:55 p.m.
A federal judge in San Diego has said he wanted a trial by the middle of this year in a class-action lawsuit against Donald Trump by students of Trump University who say they were defrauded…
