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Private equity firm Catalyst Capital calls for changes to Corus-Shaw deal + MORE Feb 26th
TORONTO – Catalyst Capital Group Inc. is calling on Corus Entertainment Inc. (TSX:CJR.B) to renegotiate its $2.65-billion deal for Shaw Media Inc., arguing that it is overpaying for the assets.
The private equity firm, a minority shareholder in Corus, wants a March 9 vote on the deal to be pos.... More »
Trade spat hits the grocery aisle and EpiPens in short supply: CBC's Marketplace consumer cheat sheet Aug 5th
CBC's Marketplace rounds up the consumer and health news you need from the week, including changing prices at the supermarket due to the tariff dispute with the U.S., flights booked with stolen loyalty points and Canada's only supplier of EpiPens running out of stock..... More »
Where to Buy Real Estate in Canada 2025: Neighbourhood data + MORE May 2nd
On this page, you’ll find data on all the neighbourhoods analyzed by Zoocasa for all regions included in the Where to Buy Real Estate report. Navigate the tables by sliding the columns right or left using your fingers or mouse. You can download the data to your device in Excel, CSV or PDF format. .... More »
Best online banks and credit unions in Canada for 2024 + MORE Mar 20th
Where can you get the best digital banking experience in Canada? We set out to find out in this inaugural review of the best online banks and credit unions in Canada. To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing in fin.... More »
Will Justin Trudeau unveil a four-day work week in Canada? - National Post May 28th
Will Justin Trudeau unveil a four-day work week in Canada? National PostPM wants employers to re-hire, cites 'enormous financial pressure' being felt CTV NewsFormer Australian PM says he was 'disappointed' with Justin Trudeau in 2017 CBC NewsTrudeau, allies call for .... More »
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.
Bell Media announces 80 job cuts
– macleans.ca
TORONTO – Bell Media has cut 80 full-time positions in its latest round of layoffs, citing an “industry-wide challenging advertising market.”
The multimedia giant said Wednesday that the affected positions represent a cross-section of its areas of business: including local radio and TV; sales, research and revenue management; marketing and communications; network operations; and news.
Jacqueline Milczarek, who has worked as an anchor on CTV News Channel since 2007, is among the public faces hit by the cuts.
Other on-air talent who were laid off include CHUM-FM host Amanda Logan and BNN anchor and correspondent Chitra Nawbatt.
“The difficult decision was made as the result of continued financial pressure in relation to the industry-wide challenging advertising market for radio and TV,” said Bell Media vice-president of communications Scott Henderson in an email.
In June, Bell Media announced it would cut 120 positions across its television operations due to the tough advertising market as well as falling subscription revenues…
The multimedia giant said Wednesday that the affected positions represent a cross-section of its areas of business: including local radio and TV; sales, research and revenue management; marketing and communications; network operations; and news.
Jacqueline Milczarek, who has worked as an anchor on CTV News Channel since 2007, is among the public faces hit by the cuts.
Other on-air talent who were laid off include CHUM-FM host Amanda Logan and BNN anchor and correspondent Chitra Nawbatt.
“The difficult decision was made as the result of continued financial pressure in relation to the industry-wide challenging advertising market for radio and TV,” said Bell Media vice-president of communications Scott Henderson in an email.
In June, Bell Media announced it would cut 120 positions across its television operations due to the tough advertising market as well as falling subscription revenues…
Consumers to pay $3.3 billion in deal to divide costs from closed San Onofre nuclear plant
– canadianbusiness.com
LOS ANGELES, Calif. – Consumers will get refunds and credits of about $1.4 billion, but also pay about $3.3 billion, under a settlement approved Thursday on costs stemming from the premature closure of the San Onofre nuclear power plant.
The vote by the California Public Utilities Commission was 5-0.
At issue has been who should take the financial hit for the early demise of the plant located between Los Angeles and San Diego — company shareholders or customers.
The settlement stems from negotiations among operator Southern California Edison, minority owner San Diego Gas & Electric Co. and consumer advocates. Critics argued that the deal shortchanged ratepayers.
Consumers will pay about $3.3 billion in costs over 10 years, including for power purchased after the plant shut down.
Southern California Edison said in a statement submitted to federal regulators that customers should expect to see a rate reduction in January, reflecting the settlement. The company expects rates to increase later next year to cover the costs of buying power, but the size of the increase will be buffered by the settlement…
The vote by the California Public Utilities Commission was 5-0.
At issue has been who should take the financial hit for the early demise of the plant located between Los Angeles and San Diego — company shareholders or customers.
The settlement stems from negotiations among operator Southern California Edison, minority owner San Diego Gas & Electric Co. and consumer advocates. Critics argued that the deal shortchanged ratepayers.
Consumers will pay about $3.3 billion in costs over 10 years, including for power purchased after the plant shut down.
Southern California Edison said in a statement submitted to federal regulators that customers should expect to see a rate reduction in January, reflecting the settlement. The company expects rates to increase later next year to cover the costs of buying power, but the size of the increase will be buffered by the settlement…
Gauge of US economy posts healthy 0.9 per cent rise in October, best showing since July
– canadianbusiness.com
WASHINGTON – An index designed to predict the future health of the economy rose in October at the fastest pace in three months.
The Conference Board said Thursday that its index of leading indicators increased 0.9 per cent last month following a 0.7 per cent rise in September, which had been initially reported as a slightly stronger 0.8 per cent gain. The October reading was the best showing since a 1.2 per cent jump in July.
Conference Board economist Ken Goldstein said the October performance “points to continued economic growth through the holiday season and into early 2015.” But he said there were continuing concerns about slow business investment and lacklustre income growth.
The leading index is composed of 10 forward-pointing indicators and eight showed strength in October, led by favourable interest rates and gains in manufacturing orders.
Stock prices were a drag on the index in October and average weekly manufacturing hours held steady.
The overall economy grew at a solid 3…
The Conference Board said Thursday that its index of leading indicators increased 0.9 per cent last month following a 0.7 per cent rise in September, which had been initially reported as a slightly stronger 0.8 per cent gain. The October reading was the best showing since a 1.2 per cent jump in July.
Conference Board economist Ken Goldstein said the October performance “points to continued economic growth through the holiday season and into early 2015.” But he said there were continuing concerns about slow business investment and lacklustre income growth.
The leading index is composed of 10 forward-pointing indicators and eight showed strength in October, led by favourable interest rates and gains in manufacturing orders.
Stock prices were a drag on the index in October and average weekly manufacturing hours held steady.
The overall economy grew at a solid 3…
Plan will aim to replace up to 15 per cent of income, with workers and employers each contributing 1.9% of annual earnings up to $90,000.
