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Statistics Canada says pace of Canadian economic growth slowed in third quarter Nov 30th
The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday..... More »
Moving to the U.S.? Don’t rush to convert your Canadian portfolio Jun 29th
For many Canadians relocating to the United States, one of the first financial questions that surfaces is whether they should convert their Canadian investments into U.S. dollars. The answer is usually no, and acting too quickly can cost you more than you might expect.
The instinct to “go A.... More »
Rogers shoots, Rogers scores: How the MLSE deal happened - The Globe and Mail Sep 20th
Rogers shoots, Rogers scores: How the MLSE deal happened The Globe and MailAfter Rogers’ MLSE deal, Leafs-Raptors-Jays IPO close to a slam dunk, say analysts Financial PostWith Rogers’s MLSE deal, Toronto just got less important The Globe and MailDoes Bell's TSN .... More »
Stocks rise as techs recover, Dow set for 10th win: Stock market news today - Yahoo Canada Finance Jul 21st
Stocks rise as techs recover, Dow set for 10th win: Stock market news today Yahoo Canada FinanceMarkets Today: Stocks Climb Before Nasdaq 100 Rebalance BarchartDow's winning streak, tech earnings, American Express: 3 Things to know July 21, 2023 Yahoo FinanceStock ma.... More »
Canada’s Best Jobs: Real Estate & Financial Manager + MORE May 29th
(Rawpixel/Shutterstock)
Median Salary:
$103,376
Salary Growth (2010–2016):
+29%
Total Employees:
21,600
Change in Employees (2010–2016):
+8%
Job Description:
These managers of real estate and finance firms are often involved in insurance, commodities trading, and brokering m.... More »
Compeitition Bureau challenges Parkland’sPioneer deal
– canadianbusiness.com
OTTAWA – A deal by Parkland Fuel Corp. (TSX:PKI) to acquire gas station operator Pioneer Energy for $378-million is being challenged by the federal Competition Bureau.
The bureau said in a statement Thursday that it has filed an application with the Competition Tribunal for an order prohibiting the two companies from proceeding with the transation in 14 communities — 11 in Ontario and three in Manitoba.
“The bureau will also be seeking an injunction requiring that Parkland preserve and operate independently the assets to be acquired from Pioneer in these communities until the Tribunal reaches its decision in this matter,” it said.
A review by the bureau concluded that the parties’ post-merger market shares in the 14 communites would be between 39 and 100 per cent.
“As these markets become more concentrated, the likelihood of price co-ordination between remaining retailers increases,” it said.
“As we were not able to come to an agreement with Parkland and Pioneer to resolve our concerns, we are seeking to block the merger in these communities in order to protect competition for Canadians,” it added…
The bureau said in a statement Thursday that it has filed an application with the Competition Tribunal for an order prohibiting the two companies from proceeding with the transation in 14 communities — 11 in Ontario and three in Manitoba.
“The bureau will also be seeking an injunction requiring that Parkland preserve and operate independently the assets to be acquired from Pioneer in these communities until the Tribunal reaches its decision in this matter,” it said.
A review by the bureau concluded that the parties’ post-merger market shares in the 14 communites would be between 39 and 100 per cent.
“As these markets become more concentrated, the likelihood of price co-ordination between remaining retailers increases,” it said.
“As we were not able to come to an agreement with Parkland and Pioneer to resolve our concerns, we are seeking to block the merger in these communities in order to protect competition for Canadians,” it added…
Fairfax Q1 profit falls sharply to US$225.2M; cites big drop in investment gains
– canadianbusiness.com
TORONTO – Fairfax Financial Holdings Ltd. (TSX:FFH) has reported first-quarter net earnings that were down by more than two-thirds from a year ago, reflecting the insurer’s improved underwriting results but sharply lower gains on investments.
The Toronto-based property and casualty insurer and investment manager said net income attributable to shareholders in the three months ended March 31 was US$225.2 million or $9.71 per diluted share, down from US$784.6 million or $35.72 per share in the same year-earlier period.
In an earnings report issued after markets closed on Thursday, Fairfax said the combined ratio of the insurance and reinsurance operations was 91.3 per cent on a consolidated basis.
That produced an underwriting profit of US$126.8 million, compared with a combined ratio of 93 per cent and underwriting profit $98.7 million respectively in 2014.
Combined ratio, a measure of profitability of an insurance company, is the sum of incurred losses and operating expenses measured as a percentage of earned premium…
The Toronto-based property and casualty insurer and investment manager said net income attributable to shareholders in the three months ended March 31 was US$225.2 million or $9.71 per diluted share, down from US$784.6 million or $35.72 per share in the same year-earlier period.
In an earnings report issued after markets closed on Thursday, Fairfax said the combined ratio of the insurance and reinsurance operations was 91.3 per cent on a consolidated basis.
That produced an underwriting profit of US$126.8 million, compared with a combined ratio of 93 per cent and underwriting profit $98.7 million respectively in 2014.
Combined ratio, a measure of profitability of an insurance company, is the sum of incurred losses and operating expenses measured as a percentage of earned premium…
How to research a stock at a discount brokerage
– moneysense.ca
For more on this topic, watch:
» How to make an trade at a discount brokerage
» How to buy an ETF at a discount brokerage
The post How to research a stock at a discount brokerage appeared first on MoneySense.
The Church of England said on Thursday it has decided to blacklist coal and oilsands investments over climate change concerns, the Financial Times reported.
A Big Data Financial Retreat
– online.wsj.com
Finra walks back its needless and risky
house of Cards.
