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Too many bankers? Toronto has a financial services skills surplus, report finds + MORE Aug 9th
Meanwhile, skills that are scarce include health-care management, education and construction
.... More »
High borrowing costs, record completions lead to condo oversupply Sep 12th
Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.
A report by TD economist Rishi Sondhi said sales activity hasn’t been absorbing supply fast enough.... More »
Before the Bell: Futures flat, expect a year-end rally + MORE Nov 2nd
Our equities analyst looks ahead to the investment day
.... More »
Should this DIY investor go all in on this international ETF? May 29th
Ask MoneySense
I am seriously considering investing in ETFs. Is there a penalty or limit into investing solely on an international ETF such as XAW?—Michael
Exchange-traded funds (ETFs) can be a great investment tool, Michael. There are over 900 ETFs listed on the TSX right now, according to th.... More »
Cancer rates require new investment in PEI health system - CBC.ca + MORE May 27th
CBC.caCancer rates require new investment in PEI health systemCBC.caThe number of new cancer cases on Prince Edward Island, and across Canada, will rise dramatically over the next 15 years, according to a new study by the Canadian Cancer Society. In the report released Wednesday, the society predict.... More »
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.
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.
Steep drop in high-flying technology stocks stirs debate about stock market’s direction
– canadianbusiness.com
SAN FRANCISCO – The stock market’s laws of gravity are inflicting pain on its highest fliers.
Just look at the list of technology trailblazers whose values have plummeted from record highs during the past few weeks. Investors have re-focused on safer sectors such as utilities, health care and consumer staples instead of companies that promise potential growth from online services that are building huge audiences.
Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 per cent to 45 per cent below their recent peaks. The steep downfall is raising questions about whether this is just a fleeting fit of fickleness or the foreshadowing of another market bubble about to burst.
The optimists point out that technology remains a bright spot in an otherwise dreary economy as software, computers, mobile devices and the Internet fill increasingly instrumental roles in work, entertainment and communications.
“Tech is where the action is,” says longtime industry analyst Roger Kay…
Just look at the list of technology trailblazers whose values have plummeted from record highs during the past few weeks. Investors have re-focused on safer sectors such as utilities, health care and consumer staples instead of companies that promise potential growth from online services that are building huge audiences.
Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 per cent to 45 per cent below their recent peaks. The steep downfall is raising questions about whether this is just a fleeting fit of fickleness or the foreshadowing of another market bubble about to burst.
The optimists point out that technology remains a bright spot in an otherwise dreary economy as software, computers, mobile devices and the Internet fill increasingly instrumental roles in work, entertainment and communications.
“Tech is where the action is,” says longtime industry analyst Roger Kay…
Canadian government announces state funeral for former longtime finance minister Jim Flaherty
– canadianbusiness.com
TORONTO – Canada’s prime minister has announced a state funeral for former longtime finance minister Jim Flaherty.
Flaherty died Thursday of a massive heart attack just three weeks after stepping down from the job. He spent eight years in the role, the longest-serving finance minister among the Group of Seven leading industrial economies.
Prime Minister Stephen Harper’s office said the funeral will take place Wednesday in Toronto.
Flaherty was Harper’s only finance minister since Harper took power in 2006. He is credited with getting Canada back on track to a balanced budget after pumping stimulus money into the economy following the 2008 financial crisis.
Politicians from all parties have been paying tribute to Flaherty. Finance ministers of the G-20 honoured Flaherty at the start of their meetings in WashingtonThursday
The post Canadian government announces state funeral for former longtime finance minister Jim Flaherty appeared first on Canadian Business.
Flaherty died Thursday of a massive heart attack just three weeks after stepping down from the job. He spent eight years in the role, the longest-serving finance minister among the Group of Seven leading industrial economies.
Prime Minister Stephen Harper’s office said the funeral will take place Wednesday in Toronto.
Flaherty was Harper’s only finance minister since Harper took power in 2006. He is credited with getting Canada back on track to a balanced budget after pumping stimulus money into the economy following the 2008 financial crisis.
Politicians from all parties have been paying tribute to Flaherty. Finance ministers of the G-20 honoured Flaherty at the start of their meetings in WashingtonThursday
The post Canadian government announces state funeral for former longtime finance minister Jim Flaherty appeared first on Canadian Business.
Tech stocks take another hit, sending Nasdaq to a 3rd straight losing week; JPMorgan slides
– canadianbusiness.com
NEW YORK, N.Y. – Technology stocks are dropping for a second day in a row as investors flee highflying Internet and biotechnology companies.
The Nasdaq composite closed out its third losing week in a row.
The Nasdaq lost 54 points, or 1.3 per cent, to end at 3,999 Friday. It was only the second time this year the index has closed below 4,000. It’s down 8 per cent from the high it reached in early March.
The Standard & Poor’s 500 fell 17 points, or 1 per cent, to 1,815. The Dow Jones industrial average fell 143 points, or 0.9 per cent, to 16,026.
JPMorgan Chase fell 4 per cent after reporting weaker earnings. Other big banks also fell, including Bank of America.
Bond prices rose. The yield on the benchmark 10-year Treasury note fell to 2.62 per cent.
The post Tech stocks take another hit, sending Nasdaq to a 3rd straight losing week; JPMorgan slides appeared first on Canadian Business.
The Nasdaq composite closed out its third losing week in a row.
The Nasdaq lost 54 points, or 1.3 per cent, to end at 3,999 Friday. It was only the second time this year the index has closed below 4,000. It’s down 8 per cent from the high it reached in early March.
The Standard & Poor’s 500 fell 17 points, or 1 per cent, to 1,815. The Dow Jones industrial average fell 143 points, or 0.9 per cent, to 16,026.
JPMorgan Chase fell 4 per cent after reporting weaker earnings. Other big banks also fell, including Bank of America.
Bond prices rose. The yield on the benchmark 10-year Treasury note fell to 2.62 per cent.
The post Tech stocks take another hit, sending Nasdaq to a 3rd straight losing week; JPMorgan slides appeared first on Canadian Business.
