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North American stock markets fall after inflation spike raises fears of rate hikes - CP24 Toronto's Breaking News Nov 10th
North American stock markets fall after inflation spike raises fears of rate hikes CP24 Toronto's Breaking NewsMarket check Nov 10: Stocks move lower after hotter than expected inflation data Yahoo FinanceStock market news live updates: Stocks fall after hotter-than-expected in.... More »
Biogen to invest $92 million in Puerto Rico, create 350 jobs + MORE Oct 31st
SAN JUAN, Puerto Rico – U.S. drugmaker Biogen Inc. is investing more than $92 million in Puerto Rico after buying assets that once belonged to Eli Lilly & Co. in the island’s southern region.
Gov. Alejandro Garcia Padilla says the Massachusetts-based company will manufacture active p.... More »
RBC appoints former Habs draft pick as president of U.S. division + MORE Mar 31st
Tom Sagissor was drafted by the Montreal Canadiens in 1985 before beginning his financial career 9 years later
.... More »
90 days - 1.60% + MORE May 17th
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..... More »
Markets need active investors more than ever + MORE Apr 15th
(Illustration by Sam Island)
I am a firm believer in stock picking. I think stock picking, with the right process and the right temperament, works. Stock pickers, at least the ones I track, in the long run tend to outperform. As a result, the growth in exchange-traded funds, which are investment .... More »
Complaint filed against ex-PMO lawyer Benjamin Perrin over Wright-Duffy deal – CTV News
– news.google.ca
National PostComplaint filed against ex-PMO lawyer Benjamin Perrin over Wright-Duffy dealCTV NewsA University of Ottawa law professor has filed a complaint against the prime minister's former lawyer, who allegedly helped broker a secret deal between Nigel Wright and Sen. Mike Duffy, CTV News has learned. Amir Attaran filed a complaint against …Liberals press Harper to explain payment to Duffy under oathThe Globe and MailComplaint filed against lawyers in Wright-Duffy affairCanada.comSenior Deloitte partner won't testify before Senate committee this week on Duffy …Vancouver SunWinnipeg Free Press -National Postall 171 news articles »
Carlyle Group to acquire Toronto asset manger Diversified Global Asset
– canadianbusiness.com
WASHINGTON – The U.S.-based Carlyle Group (Nasdaq:CG) says it plans to acquire Toronto alternative asset manager Diversified Global Asset Management Corp.
The proposed acquisition, announced on Carlyle’s website, did not disclose financial terms. However, it said the deal to take over Diversified, which has more than $6.7 billion in managed and advised assets, is expected to close in February.
Carlyle said DGAM founder and CEO George Main would continue in that role as would chief information officer Warren Wright.
“We are focused on providing fund investors with a broad suite of investment options under one roof,” Carlyle CEO David Rubenstein said in making the announcement.
“With the DGAM partnership, Carlyle’s Solutions platform is now positioned to offer investors the ability to allocate across alternatives in hedge funds, private equity and real estate.”
The Carlyle Group is a global alternative asset manager with $185 billion of assets under management across 122 funds and 81 fund of funds vehicles as of Sept…
The proposed acquisition, announced on Carlyle’s website, did not disclose financial terms. However, it said the deal to take over Diversified, which has more than $6.7 billion in managed and advised assets, is expected to close in February.
Carlyle said DGAM founder and CEO George Main would continue in that role as would chief information officer Warren Wright.
“We are focused on providing fund investors with a broad suite of investment options under one roof,” Carlyle CEO David Rubenstein said in making the announcement.
“With the DGAM partnership, Carlyle’s Solutions platform is now positioned to offer investors the ability to allocate across alternatives in hedge funds, private equity and real estate.”
The Carlyle Group is a global alternative asset manager with $185 billion of assets under management across 122 funds and 81 fund of funds vehicles as of Sept…
Sears Canada to cut nearly 800 jobs, mostly repair and parts workers, in cost-cutting push
– canadianbusiness.com
TORONTO – Sears Canada is laying off nearly 800 employees across its operations as it moves ahead with a multi-year plan to reduce operating costs.
The retailer said Tuesday that most of the cuts would be made in its repair services and parts businesses, where 712 jobs will be eliminated during the next six months.
Another 79 employees will lose their jobs in the company’s head office in Toronto.
The retailer has about 25,000 workers.
Sears Canada is looking for more ways to improve its financial results after having earlier sold several department store leases in the face of heightened competition.
Sears Canada has already closed some of its big city locations in Western Canada and has announced plans to vacate other large stores, including its flagship downtown Toronto location.
The post Sears Canada to cut nearly 800 jobs, mostly repair and parts workers, in cost-cutting push appeared first on Canadian Business.
The retailer said Tuesday that most of the cuts would be made in its repair services and parts businesses, where 712 jobs will be eliminated during the next six months.
Another 79 employees will lose their jobs in the company’s head office in Toronto.
The retailer has about 25,000 workers.
Sears Canada is looking for more ways to improve its financial results after having earlier sold several department store leases in the face of heightened competition.
Sears Canada has already closed some of its big city locations in Western Canada and has announced plans to vacate other large stores, including its flagship downtown Toronto location.
The post Sears Canada to cut nearly 800 jobs, mostly repair and parts workers, in cost-cutting push appeared first on Canadian Business.
Quebec convenience store company Alimentation Couche-Tard saw its shares climb to a new high of $77 Cdn on Tuesday after issuing a strong second-quarter earnings report.
Most actively traded companies on the TSX, TSX Venture Exchange markets
– canadianbusiness.com
TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,349.77 down 122.45 points):
Bonavista Energy Corp. (TSX:BNP). Oil and gas. Up five cents, or 0.38 per cent, at $13.25 on 11.35 million shares.
Americas Bullion Royalty Corp. (TSX:AMB). Up 1.5 cents, or 21.43 per cent, at 8.5 cents on 7.17 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 13 cents, or 5.99 per cent, at $2.04 on 5.37 million shares. The gold sector led the decliners on the main index, dropping 2.52 per cent to 156.98 points.
Methanex Corp. (TSX:MX). Chemical producer. Down 66 cents, or 1.01 per cent, at $64.79 on 5.09 million shares.
Manulife Financial Corp. (TSX:MFC). Insurer. Down 12 cents, or 0.59 per cent, at $20.18 on 4.58 million shares.
Toronto Venture Exchange (928.60 down 0.66 point):
Zodiac Exploration Inc. (TSXV:ZEX). Oil and gas. Unchanged at five cents on 5.32 million shares.
Madalena Energy Inc. (TSXV:MVN)…
Toronto Stock Exchange (13,349.77 down 122.45 points):
Bonavista Energy Corp. (TSX:BNP). Oil and gas. Up five cents, or 0.38 per cent, at $13.25 on 11.35 million shares.
Americas Bullion Royalty Corp. (TSX:AMB). Up 1.5 cents, or 21.43 per cent, at 8.5 cents on 7.17 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 13 cents, or 5.99 per cent, at $2.04 on 5.37 million shares. The gold sector led the decliners on the main index, dropping 2.52 per cent to 156.98 points.
Methanex Corp. (TSX:MX). Chemical producer. Down 66 cents, or 1.01 per cent, at $64.79 on 5.09 million shares.
Manulife Financial Corp. (TSX:MFC). Insurer. Down 12 cents, or 0.59 per cent, at $20.18 on 4.58 million shares.
Toronto Venture Exchange (928.60 down 0.66 point):
Zodiac Exploration Inc. (TSXV:ZEX). Oil and gas. Unchanged at five cents on 5.32 million shares.
Madalena Energy Inc. (TSXV:MVN)…
