There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
US stocks and dollar slide after Trump attacks Fed chair Powell - BBC + MORE Apr 22nd
US stocks and dollar slide after Trump attacks Fed chair Powell BBCUS dollar hits three-year low after Trump intensifies attack on Fed chair Powell – business live The GuardianStock markets tumble as investors pull back from American assets CBCTrump warns U.S. econ.... More »
Women and money: Taking control of your personal finances May 11th
They’re “Mom” to their kids and “boss” to everyone else. Across Canada, women continue to break the glass ceiling in their careers and in business. We’re occupying more board seats at public companies—more than a quarter in 2022, compared to just over 20% in 2020, according to the most.... More »
Uber selling Southeast Asian business to regional rival Grab + MORE Mar 27th
BANGKOK _ Ride-hailing giant Uber is selling its business in Southeast Asia to regional rival Grab while gaining a robust stake in the fast-growing ridesharing, food delivery and financial services business.
Grab said Monday that Uber will take a 27.5 per cent stake and a seat on its board as part o.... More »
SNC-Lavalin '100-per-cent' focused on court battle, CEO says as company reports fourth-quarter loss - The Globe and Mail Feb 23rd
SNC-Lavalin '100-per-cent' focused on court battle, CEO says as company reports fourth-quarter loss The Globe and MailSNC-Lavalin CEO says company plans to vigorously defend itself as political scandal unfolds CBC NewsSNC-Lavalin slashes dividend by 65%, reports $1.6B fourth-qu.... More »
Wealthsimple review 2020 Sep 17th
Maybe you’re here for our Wealthsimple review because its slick ads featuring frank talk on finances from Hollywood actors, such as Mark Duplass and Aubrey Plaza, made you curious. Or maybe its highly relatable celebrity social media posts, like Queer Eye’s Jonathan Van Ness declaring his First .... More »
Lennar, Atmel, Denbury, Weatherford and GoPro are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Lennar Corp., down 16 cents to $51.59
The homebuilder reported a boost in fiscal third-quarter profit, with earnings and revenue beating Wall Street expectations.
Denbury Resources Inc., up 4 cents to $2.94
The oil and gas company is suspending its dividend beginning in the fourth quarter as the industry contends with lower oil prices.
Weatherford International PLC, down $1.71 to $8.41
The drilling equipment company launched a $1 billion stock offering and will use proceeds for acquisitions and general purposes.
Nasdaq
Atmel Corp., up 92 cents to $8.19
The semiconductor developer and manufacturer is being acquired by Dialog Semiconductor for $4.6 billion in a cash-and-stock deal.
Plug Power Inc., up 28 cents to $2.17
The fuel cell and alternative energy company’s technology is being used at a new Home Depot distribution centre in Ohio.
Zillow Group Inc…
NYSE
Lennar Corp., down 16 cents to $51.59
The homebuilder reported a boost in fiscal third-quarter profit, with earnings and revenue beating Wall Street expectations.
Denbury Resources Inc., up 4 cents to $2.94
The oil and gas company is suspending its dividend beginning in the fourth quarter as the industry contends with lower oil prices.
Weatherford International PLC, down $1.71 to $8.41
The drilling equipment company launched a $1 billion stock offering and will use proceeds for acquisitions and general purposes.
Nasdaq
Atmel Corp., up 92 cents to $8.19
The semiconductor developer and manufacturer is being acquired by Dialog Semiconductor for $4.6 billion in a cash-and-stock deal.
Plug Power Inc., up 28 cents to $2.17
The fuel cell and alternative energy company’s technology is being used at a new Home Depot distribution centre in Ohio.
Zillow Group Inc…
Rates fall at weekly US Treasury bill auction; 3-month bill at lowest rate ever
– canadianbusiness.com
WASHINGTON – Interest rates on short-term Treasury bills fell in Monday’s auction, with the rate on three-month bills hitting its lowest level ever and the rate on six-month bills the lowest since mid-July.
The Treasury Department auctioned $20 billion in three-month bills at a discount rate of 0.005 per cent, its lowest level ever and down from 0.055 per cent last week. Another $20 billion in six-month bills was auctioned at a discount rate of 0.115 per cent, down from 0.260 per cent last week.
The Federal Reserve ended weeks of speculation Thursday by keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets. Financial markets had been zigzagging with anxiety this summer as investors tried to figure out whether the Fed would start phasing out the period of extraordinarily low borrowing rates it launched at a time of crisis.
The six-month Treasury bill rate in Monday’s auction was the lowest since those bills averaged 0…
The Treasury Department auctioned $20 billion in three-month bills at a discount rate of 0.005 per cent, its lowest level ever and down from 0.055 per cent last week. Another $20 billion in six-month bills was auctioned at a discount rate of 0.115 per cent, down from 0.260 per cent last week.
The Federal Reserve ended weeks of speculation Thursday by keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets. Financial markets had been zigzagging with anxiety this summer as investors tried to figure out whether the Fed would start phasing out the period of extraordinarily low borrowing rates it launched at a time of crisis.
The six-month Treasury bill rate in Monday’s auction was the lowest since those bills averaged 0…
Business Highlights
– canadianbusiness.com
___
Volkswagen rocked by US emissions scandal as stock slides 17 per cent
BERLIN (AP) — Volkswagen, the world’s top-selling automaker, lost a stunning 17.1 per cent of its value Monday after admitting that it intentionally rigged nearly half a million cars to defeat U.S. smog tests.
The Obama administration, meanwhile, announced it is expanding its investigation of what it’s calling “defeat devices” in diesel vehicles, to make sure other manufacturers aren’t using similar schemes to thwart federal Clean Air laws.
Volkswagen has now admitted that it intentionally installed software programmed to switch engines to a cleaner mode during official emissions testing. The software then switches off again, enabling cars to drive more powerfully on the road while emitting as much as 40 times the legal pollution limit.
___
As turbulence shakes markets, experts suggest sitting tight
NEW YORK (AP) — Whenever disaster strikes people run for safety. They race outside when a house catches fire and head to the basement when a tornado tears through town…
Volkswagen rocked by US emissions scandal as stock slides 17 per cent
BERLIN (AP) — Volkswagen, the world’s top-selling automaker, lost a stunning 17.1 per cent of its value Monday after admitting that it intentionally rigged nearly half a million cars to defeat U.S. smog tests.
The Obama administration, meanwhile, announced it is expanding its investigation of what it’s calling “defeat devices” in diesel vehicles, to make sure other manufacturers aren’t using similar schemes to thwart federal Clean Air laws.
Volkswagen has now admitted that it intentionally installed software programmed to switch engines to a cleaner mode during official emissions testing. The software then switches off again, enabling cars to drive more powerfully on the road while emitting as much as 40 times the legal pollution limit.
___
As turbulence shakes markets, experts suggest sitting tight
NEW YORK (AP) — Whenever disaster strikes people run for safety. They race outside when a house catches fire and head to the basement when a tornado tears through town…
NBCNews.comRussia starts Syria drone surveillance missions: US officialsReuters CanadaWASHINGTON (Reuters) – Russia has started flying drone aircraft on surveillance missions in Syria, U.S. officials said on Monday, in what appeared to be Moscow's first military air operations there since staging a rapid buildup at a Syrian air base.Father Raymond J. de Souza: Might the refugee crisis also be 'solved' with …National PostMorse: Russia puts pressure on U.S. with Syrian interferenceOttawa CitizenRussia to Start Bombing in Syria ASAPDaily BeastIrish Times -The Australian -The Australian Financial Reviewall 844 news articles »
The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.
