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Ottawa posts $150M surplus for July, $5.16B for fiscal year to date + MORE Sep 25th
(The Canadian Press)
OTTAWA — The federal government’s fiscal surplus crept higher in July, as rising tax revenue grew at a faster pace than spending.
Ottawa’s surplus after four months of the 2015-16 financial year was $5.16 billion — including July’s $150 million surplus..... More »
Thinking of buying a waterfront cottage? 2023 might be your year, report says - CP24 Mar 28th
Thinking of buying a waterfront cottage? 2023 might be your year, report says CP24Posthaste: Cottage real estate rush slows to a 'standstill' as remote-living honeymoon ends Yahoo Canada FinanceRecreation property prices are starting to ease post-pandemic CP24Will re.... More »
Federal government targets sport participation with $660 million pledge to sport organizations - CBC + MORE Apr 28th
Federal government targets sport participation with $660 million pledge to sport organizations CBCOpinion | ‘It is a great day’: Liberals earmark over $755 million to reshape Canadian sports system in economic update Toronto StarAfter weakest Winter Olympic medal count in y.... More »
Gold sees more downside price action amid rising bond yields - Kitco NEWS Feb 25th
Gold sees more downside price action amid rising bond yields Kitco NEWSU.S. Stocks Fluctuate While Bond Yields Climb: Markets Wrap Yahoo Canada FinanceUS stocks rally as Powell soothes traders' nerves BNNFed Chairman Powell Helps the Stock Market But Won't Discuss De.... More »
Canadians biggest buyers of Manhattan real estate this year + MORE Sep 29th
Canadians have been big investors in Manhattan real estate in 2015, buying $3.85 billion US of property, more than any other foreign investor, according to Real Capital Analytics..... More »
Hong Kong economy could grow as much as 4 per cent in 2014, finance chief says
– canadianbusiness.com
HONG KONG – Hong Kong’s finance chief forecasts that the economy of the Asian financial centre could grow up to 4 per cent this year after expanding 2.9 per cent in 2013.
Financial Secretary John Tsang said Wednesday that he predicts 3-4 per cent growth in 2014 for the semiautonomous southern Chinese city. That’s lower than the 4.5 per cent average annual growth rate over the past decade.
Tsang said Hong Kong’s economy expanded 2.9 per cent in 2013, nearly double the 1.5 per cent rate in the previous year.
Mainland China helped underpin Hong Kong’s growth as a tepid recovery in the major export markets of U.S and Europe dragged down its trade.
Tsang warned of volatile markets and capital flows as the Fed scales back its economic stimulus.
The post Hong Kong economy could grow as much as 4 per cent in 2014, finance chief says appeared first on Canadian Business.
Financial Secretary John Tsang said Wednesday that he predicts 3-4 per cent growth in 2014 for the semiautonomous southern Chinese city. That’s lower than the 4.5 per cent average annual growth rate over the past decade.
Tsang said Hong Kong’s economy expanded 2.9 per cent in 2013, nearly double the 1.5 per cent rate in the previous year.
Mainland China helped underpin Hong Kong’s growth as a tepid recovery in the major export markets of U.S and Europe dragged down its trade.
Tsang warned of volatile markets and capital flows as the Fed scales back its economic stimulus.
The post Hong Kong economy could grow as much as 4 per cent in 2014, finance chief says appeared first on Canadian Business.
Real estate making us richer
– thestar.com
Canadian families’ net worth skyrocketing, driven by real estate, says StatsCanCanadian investment firm buys tower on New York’s Park Avenue for $575-million
– theglobeandmail.com
The tower, 450 Park Avenue, is in Midtown East, a neighborhood where chic retailers pay some of the highest rents in the world and developers are erecting tall, slim buildings with $95-million condominiums
Ombudsman gives case studies of bad deals: Roseman
– thestar.com
Clients get almost half a million in compensation from an investment firm whose adviser was selling securities not authorized for sale.Davis and Henderson posts higher Q4 profit; revenue soars 50% to $259.1M
– canadianbusiness.com
TORONTO – Financial technology provider Davis + Henderson Corp. (TSX:DH) says acquisitions and organic growth powered a big increase in revenue and higher profits in the fourth quarter.
The Toronto-based company best known for its cheque-printing business, says net income was $17.4 million or just under 21.5 cents per diluted share in the quarter.
That compared with $13.7 million or 23 cents in the year-earlier period.
Revenues from continuing operations soared 50 per cent to $259.1 million from $172.5 million, reflecting the inclusion of Harland Financial Solutions, which it acquired last August, in the U.S. segment as well as organic growth in the Canadian segment.
Adjusted net income increased by 61.6 per cent to $42 million from $26.0 million in 2012, mainly due to the inclusion of Harland Financial. Adjusted net income per share increased by 18.6 per cent to 52 cents from 44 cents, reflecting the additional common shares issued to finance the HFS acquisition.
“This was a transformational period for D+H as a combination of strategic fintech acquisitions and organic growth more than tripled our U…
The Toronto-based company best known for its cheque-printing business, says net income was $17.4 million or just under 21.5 cents per diluted share in the quarter.
That compared with $13.7 million or 23 cents in the year-earlier period.
Revenues from continuing operations soared 50 per cent to $259.1 million from $172.5 million, reflecting the inclusion of Harland Financial Solutions, which it acquired last August, in the U.S. segment as well as organic growth in the Canadian segment.
Adjusted net income increased by 61.6 per cent to $42 million from $26.0 million in 2012, mainly due to the inclusion of Harland Financial. Adjusted net income per share increased by 18.6 per cent to 52 cents from 44 cents, reflecting the additional common shares issued to finance the HFS acquisition.
“This was a transformational period for D+H as a combination of strategic fintech acquisitions and organic growth more than tripled our U…
