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Musk says Tesla shareholders voting yes for his $56 billion pay package - Yahoo Canada Finance + MORE Jun 13th
Musk says Tesla shareholders voting yes for his $56 billion pay package Yahoo Canada FinanceMusk says Tesla shareholders voting yes for his $56 bln pay package ReutersTesla stock pops 7% as Elon Musk declares victory in $46 billion pay vote QuartzMusk says he has Tes.... More »
Making sense of the markets this week: October 4, 2021 Oct 1st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Will the energy crunch turn into an energy crisis?
The energy story is dominating headlines these days, described as a crunch or even an energy crisis .... More »
How prorogation will impact capital gains tax changes in Canada + MORE Jan 6th
Justin Trudeau’s decision to step down and prorogue parliament will keep his government from implementing its proposed changes to capital gains for now, but Canadians might not be off the hook with tax collectors just yet.
The changes would raise the portion of capital gains on which companies .... More »
Apple rejected Meta’s proposal to use Llama AI for iPhones over security concerns - Firstpost Jun 25th
Apple rejected Meta’s proposal to use Llama AI for iPhones over security concerns FirstpostWill Meta Help Power Apple Intelligence? Meta Stock Gains After Report Investor's Business DailyExclusive | Apple, Meta Have Discussed an AI Partnership The Wall Street Journ.... More »
The best GIC rates in Canada for 2026 Jul 21st
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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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Boeing wins delay in duty ruling on petition against Bombardier CSeries
– canadianbusiness.com
Bombardier will have to wait an extra two months to find out if its CSeries commercial jets will be hit by punishing U.S. duties.
The U.S. Commerce Department on Wednesday granted Boeing’s request to delay its preliminary determination on the aircraft giant’s petition until Sept. 25 from July 21.
A final determination is still expected later this year.
In April, Boeing petitioned the U.S. Commerce Department and U.S. International Trade Commission, alleging that the Montreal company has been selling CSeries planes in the U.S. below cost thanks to public subsidies in violation of trade rules.
Bombardier (TSX:BBD.B) has rejected the allegations and argued that their CSeries planes never competed with Boeing in a key sale to Delta Airlines.
Boeing said respondents such as Bombardier have been granted several extensions and that the complexity of the financial support provided to Bombardier requires that the investigation take more time.
“It is important that the department have sufficient time to investigate each of these subsidies thoroughly,” Boeing wrote in its letter…
The U.S. Commerce Department on Wednesday granted Boeing’s request to delay its preliminary determination on the aircraft giant’s petition until Sept. 25 from July 21.
A final determination is still expected later this year.
In April, Boeing petitioned the U.S. Commerce Department and U.S. International Trade Commission, alleging that the Montreal company has been selling CSeries planes in the U.S. below cost thanks to public subsidies in violation of trade rules.
Bombardier (TSX:BBD.B) has rejected the allegations and argued that their CSeries planes never competed with Boeing in a key sale to Delta Airlines.
Boeing said respondents such as Bombardier have been granted several extensions and that the complexity of the financial support provided to Bombardier requires that the investigation take more time.
“It is important that the department have sufficient time to investigate each of these subsidies thoroughly,” Boeing wrote in its letter…
Loonie soars on hawkish BoC comments, as financials help lead TSX gainers
– canadianbusiness.com
The Canadian dollar surged to a four-month high today amid a hawkish tone on interest rates by Bank of Canada governor Stephen Poloz.
The loonie jumped 0.74 of a U.S. cent to an average price of 76.57 cents US.
The currency’s ascent helped send financials stocks higher, with that sector leading gainers on the Toronto’s S&P/TSX composite index, which climbed 74.36 points to 15,355.58.
It was a similarly positive day in New York as the Dow Jones industrial average gained 143.95 points to 21,454.61. The S&P 500 index added 21.31 points to 2,440.69 and the Nasdaq composite index was ahead 87.79 points to 6,234.41.
In commodities, the August crude contract advanced 50 cents at US$44.74 per barrel and the August natural gas contract was up three cents at US$3.09 per mmBTU.
The August gold contract gained $2.20 to US$1,249.10 an ounce and the September copper contract climbed a penny at US$2.68 a pound.
The post Loonie soars on hawkish BoC comments, as financials help lead TSX gainers appeared first on Canadian Business – Your Source For Business News.
The loonie jumped 0.74 of a U.S. cent to an average price of 76.57 cents US.
The currency’s ascent helped send financials stocks higher, with that sector leading gainers on the Toronto’s S&P/TSX composite index, which climbed 74.36 points to 15,355.58.
It was a similarly positive day in New York as the Dow Jones industrial average gained 143.95 points to 21,454.61. The S&P 500 index added 21.31 points to 2,440.69 and the Nasdaq composite index was ahead 87.79 points to 6,234.41.
In commodities, the August crude contract advanced 50 cents at US$44.74 per barrel and the August natural gas contract was up three cents at US$3.09 per mmBTU.
The August gold contract gained $2.20 to US$1,249.10 an ounce and the September copper contract climbed a penny at US$2.68 a pound.
The post Loonie soars on hawkish BoC comments, as financials help lead TSX gainers appeared first on Canadian Business – Your Source For Business News.
Ontario is proposing banning the practice of double ending, in which a real estate agent represents both a buyer and a seller in a transaction.
The top stock picks from two Wall Street giants with wildly different views
– theglobeandmail.com
Depending on risk tolerance and time horizons, investors can win by accepting neither is totally right nor completely out to lunch
Blue Apron slices share price range, hinting at tough market
– canadianbusiness.com
Meal-kit delivery company Blue Apron on Wednesday slashed the price it expects to sell its shares in an initial public offering, a sign that it may be having trouble attracting investors.
The price chop for Blue Apron’s IPO comes as competition to deliver groceries heats up.
Blue Apron already has many meal kit competitors, including HelloFresh and Plated, which ship boxes to customer’s doorsteps with all the raw ingredients needed to make home-cooked meals. E-commerce giant Amazon.com Inc. is expected to shakeup the industry after announcing plans to buy organic grocer Whole Foods earlier this month. And Amazon already sells meal kits in some cities with recipes created by media mogul and TV cook Martha Stewart.
Blue Apron said that it now expects its IPO to be between $10 and $11 per share, down from its forecast a week ago between $15 and $17. The New York company still expects to sell 30 million shares, raising as much as $330 million in its IPO under the new range. That’s down from the $510 million it would have raised at the high end of its previous IPO range…
The price chop for Blue Apron’s IPO comes as competition to deliver groceries heats up.
Blue Apron already has many meal kit competitors, including HelloFresh and Plated, which ship boxes to customer’s doorsteps with all the raw ingredients needed to make home-cooked meals. E-commerce giant Amazon.com Inc. is expected to shakeup the industry after announcing plans to buy organic grocer Whole Foods earlier this month. And Amazon already sells meal kits in some cities with recipes created by media mogul and TV cook Martha Stewart.
Blue Apron said that it now expects its IPO to be between $10 and $11 per share, down from its forecast a week ago between $15 and $17. The New York company still expects to sell 30 million shares, raising as much as $330 million in its IPO under the new range. That’s down from the $510 million it would have raised at the high end of its previous IPO range…
