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Latest News
How to protect your crypto from hacks + MORE Sep 23rd
2022 has been a tumultuous year for cryptocurrency markets. Significant and sustained price declines have shrunk the overall crypto market value below $1 trillion—a significant retreat from its all-time high of $3 trillion in November 2021. (All values in U.S. dollars.)
What has intensified inv.... More »
Gabriela has saved a ton of money living with her parents. Is the time right to buy or rent? Jun 4th
If Gabriela could continue living with her parents a bit longer, advises financial expert Jason Heath, that would add up to nearly $20,000 a year more to saving for a down payment..... More »
TSX to open lower amid major oilpatch buy; traders look to U.S. housing data + MORE Feb 19th
TORONTO – The Toronto stock market looked set to open lower amid earnings news and acquisition activity in the Western Canadian oilpatch.
The Canadian dollar edged up 0.05 of a cent to 91.37 cents US.
New York futures were also lower as traders looked to see how severe winter weather impacted .... More »
Asia gains as China shares surge on stimulus hopes - Reuters Canada + MORE Jan 19th
NDTVAsia gains as China shares surge on stimulus hopesReuters CanadaTOKYO (Reuters) - Asian shares were mostly higher on Tuesday as Shanghai stocks surged after data pointing to slower Chinese economic growth fanned stimulus hopes. Spreadbetters expected Europe to follow Asia's lead and forecas.... More »
Apple eases App Store rules to allow for outside links to paid subscriptions - CBC.ca + MORE Sep 2nd
Apple eases App Store rules to allow for outside links to paid subscriptions CBC.caApple to allow 'reader' apps like Netflix to offer account setup and management links in-app MobileSyrupApple plans to loosen App Store payment policy Japan TodayApple offers small con.... More »
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
Rhapsody cuts 15 per cent of staff, CEO Irwin resigns as Columbus Nova becomes investor
– canadianbusiness.com
SEATTLE – Music streaming service Rhapsody on Monday laid off 15 per cent of its staff and said its president, Jon Irwin, is stepping down. The company also announced investment firm Columbus Nova Technology Partners has become a major shareholder.
The company also said it had hired Ethan Rudin, a former Starbucks strategy executive, as Rhapsody’s chief financial officer, replacing Adi Dehejia.
While it looks for a new CEO, the company will be run by a committee of Rhapsody executives.
Activity in the digital music space has been frenetic. On Monday, streaming service Rdio announced that radio station owner heavyweight Cumulus Media Inc. had taken a minority stake.
Pandora Media Inc. also said Monday it would raise up to $279.4 million in a share offering, days after announcing a new CEO, Brian McAndrews.
The post Rhapsody cuts 15 per cent of staff, CEO Irwin resigns as Columbus Nova becomes investor appeared first on Canadian Business.
The company also said it had hired Ethan Rudin, a former Starbucks strategy executive, as Rhapsody’s chief financial officer, replacing Adi Dehejia.
While it looks for a new CEO, the company will be run by a committee of Rhapsody executives.
Activity in the digital music space has been frenetic. On Monday, streaming service Rdio announced that radio station owner heavyweight Cumulus Media Inc. had taken a minority stake.
Pandora Media Inc. also said Monday it would raise up to $279.4 million in a share offering, days after announcing a new CEO, Brian McAndrews.
The post Rhapsody cuts 15 per cent of staff, CEO Irwin resigns as Columbus Nova becomes investor appeared first on Canadian Business.
Crushing Pebbles
– online.wsj.com
The EPA causes Anglo-American to walk away from a U.S. investment.
Asian stock markets fall ahead of Federal Reserve meeting and key decision on stimulus program
– canadianbusiness.com
BANGKOK – Asian stock markets fell Tuesday as investors braced for a possible first step by the U.S. Federal Reserve to reduce its massive stimulus.
The Fed could announce that it is has decided to scale back its monetary stimulus as soon as Wednesday, when it concludes a two-day policy meeting.
Though hiring and economic growth in the United States remain soft, the Fed is widely expected to slow the pace of its bond purchases. Its purchases of Treasury and mortgage bonds have been designed to keep long-term loan rates low to get people to borrow and spend and invest in the stock market.
Most economists expect the Fed’s initial “tapering” move to be small — a reduction in monthly purchases from $85 billion to $75 billion — especially now that former U.S. Treasury Secretary Lawrence Summers is out of the running for the top Fed job.
World stock markets rose Monday after Summers, who had been the leading candidate to replace Fed chairman Ben Bernanke, pulled his name from consideration…
The Fed could announce that it is has decided to scale back its monetary stimulus as soon as Wednesday, when it concludes a two-day policy meeting.
Though hiring and economic growth in the United States remain soft, the Fed is widely expected to slow the pace of its bond purchases. Its purchases of Treasury and mortgage bonds have been designed to keep long-term loan rates low to get people to borrow and spend and invest in the stock market.
Most economists expect the Fed’s initial “tapering” move to be small — a reduction in monthly purchases from $85 billion to $75 billion — especially now that former U.S. Treasury Secretary Lawrence Summers is out of the running for the top Fed job.
World stock markets rose Monday after Summers, who had been the leading candidate to replace Fed chairman Ben Bernanke, pulled his name from consideration…
