How to go about securing the best return for your investment in Canada.
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Fixed or variable mortgage rate: Which should you choose in 2024? May 28th
If you have a mortgage on your home or have been trying to break into the housing market, you’ve probably watched interest rates go up, up, up over the past two years. Both fixed and variable mortgage rates have been higher than any other time in recent memory, leading many new home buyers and exi.... More »
Endo reports 1st-quarter loss, trims full-year guidance + MORE May 6th
DUBLIN – Shares of Endo International PLC plunged in extended trading Thursday after the drugmaker slashed its full-year outlook because of increasing competition and regulatory delays.
Endo now expects full-year earnings of $4.50 to $4.80 per share, with revenue of $3.87 billion to $4.03 bill.... More »
Google parent Alphabet boosts revenue 21% + MORE Feb 5th
Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, but its stock slid in after-hours trading..... More »
Business Highlights + MORE Sep 3rd
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Why Friday’s US jobs report could affect Americans’ finances
WASHINGTON (AP) — With the Federal Reserve edging into the spotlight, Friday’s jobs report for August could trigger eventual changes in Americans’ financial lives.
That’s because a healthy job gain would.... More »
Banking regulator takes permanent control of Silicon Valley Bank's Canadian assets - CBC.ca Mar 15th
Banking regulator takes permanent control of Silicon Valley Bank's Canadian assets CBC.caSVB collapse: Could bank failures happen in Canada? CTV NewsOur bank deposits are safe, that is really important: Allianz's Mohamed El-Erian CNBC TelevisionOpinion | In the Silic.... More »
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
Dubai World gets breathing space as creditors sign off on new terms for $14.6 billion in debt
– canadianbusiness.com
DUBAI, United Arab Emirates – State-backed conglomerate Dubai World says it has reached a deal with creditors to rework terms on $14.6 billion of debt, giving it more breathing room as it works to move beyond its financial challenges.
The company said Sunday it will pay back $2.92 billion worth of the debt earlier than scheduled this year and extend repayment of the rest from 2018 until 2022. The lenders include banks and investors from the Middle East, Europe and Asia.
The company says the deal gives it “more time to dispose of non-core assets.” Its portfolio includes several companies, including port operator DP World and shipbuilder Drydocks World.
Dubai World previously renegotiated terms on $24.9 billion in debt in 2011 — a key step in resolving fallout from the Dubai’s 2009 financial crisis.
The post Dubai World gets breathing space as creditors sign off on new terms for $14.6 billion in debt appeared first on Canadian Business.
The company said Sunday it will pay back $2.92 billion worth of the debt earlier than scheduled this year and extend repayment of the rest from 2018 until 2022. The lenders include banks and investors from the Middle East, Europe and Asia.
The company says the deal gives it “more time to dispose of non-core assets.” Its portfolio includes several companies, including port operator DP World and shipbuilder Drydocks World.
Dubai World previously renegotiated terms on $24.9 billion in debt in 2011 — a key step in resolving fallout from the Dubai’s 2009 financial crisis.
The post Dubai World gets breathing space as creditors sign off on new terms for $14.6 billion in debt appeared first on Canadian Business.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
TSX aims for 5th week of gains amid growing confidence about Europe, oil prices
– canadianbusiness.com
TORONTO – The Toronto stock market is looking to try for a fifth consecutive week of gains with investors feeling better about Europe amid signs of improving economic growth, confidence that Greece and its creditors will come to an agreement and hopes that a ceasefire in Ukraine will hold.
The TSX advanced 181 points or 1.2 per cent last week, lifted by data showing better than expected growth in Germany and the eurozone economy as a whole in the fourth quarter.
Advances were also supported by a rise of about 2.5 per cent in the energy sector amid a feeling that oil prices have found support around US$50 barrel. Prices have fallen more than 50 per cent since last summer as markets work through a huge supply/demand imbalance.
“It certainly has that feel that we‘re forming a base here,” said Doug Porter, chief economist at BMO Capital Markets.
“But our view for the last month or so has been pretty consistent. We think oil is going to be more on the defensive through the first half of the year before it really stabilizes in the second half…
The TSX advanced 181 points or 1.2 per cent last week, lifted by data showing better than expected growth in Germany and the eurozone economy as a whole in the fourth quarter.
Advances were also supported by a rise of about 2.5 per cent in the energy sector amid a feeling that oil prices have found support around US$50 barrel. Prices have fallen more than 50 per cent since last summer as markets work through a huge supply/demand imbalance.
“It certainly has that feel that we‘re forming a base here,” said Doug Porter, chief economist at BMO Capital Markets.
“But our view for the last month or so has been pretty consistent. We think oil is going to be more on the defensive through the first half of the year before it really stabilizes in the second half…
