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How to Attract Top Talent—and Keep Them + MORE Jun 9th
It’s no secret. After a banner year for tech company investment, a push to digitize businesses in response to the pandemic and the so-called Great Resignation, employers are scrambling to hire and retain skilled tech employees. A recent KPMG Business Outlook Poll suggests that nearly 80 per cent o.... More »
Montreal’s real estate market sizzled in 2017 with sales hitting 10 year high + MORE Jan 9th
Montreal was one of Canada’s hottest real estate markets last year as low unemployment and economic growth translated into the area’s best sales growth in a decade.
Total sales in the Greater Montreal Area increased eight per cent to 44,448 on the strength of condominium sales and good o.... More »
The best store credit cards in Canada right now Oct 1st
Creatures of habit, rejoice! Your loyal shopping behaviours may just pay off, big time. If you shop regularly at certain retailers, using a store credit card can help you to earn discounts, free goods and exclusive perks by swiping or tapping for everyday purchases. Spending with a store credit card.... More »
Business Highlights + MORE Mar 11th
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European Central Bank surprises with broad stimulus action
FRANKFURT, Germany (AP) — European Central Bank launched an unexpectedly broad array of stimulus measures Thursday aimed at boosting a modest economic recovery in the 19 countries that use the euro and nudging up dangerously low inflat.... More »
Should you sell your home to your kids? Oct 13th
Q. A scenario we are thinking of is “selling” our principal residence to our three adult children. We would use the proceeds to build a vacation home that they will eventually inherit. When they buy our home, it will not be a principal residence for any of the children, as they all have homes. I.... More »
Fed Chair Yellen resists giving some documents ordered by lawmaker in probe of possible leak
– canadianbusiness.com
WASHINGTON – Federal Reserve Chair Janet Yellen is balking at turning over some of the documents ordered by a key House lawmaker in his investigation of a possible leak of market-sensitive information.
Yellen has told Rep. Jeb Hensarling, R-Texas, who heads the House Financial Services Committee, that she can’t provide some documents sought by his subpoena because doing so could jeopardize a criminal investigation by the Justice Department and the Fed’s watchdog inspector general. Yellen said the inspector general has told the Fed that the documents in question — which include records related to an earlier internal review by the Fed’s general counsel — should not be provided.
“The Federal Reserve is mindful that we must not impede that open criminal investigation,” Yellen wrote in a letter to Hensarling Thursday.
The move escalated a months-long battle between the Fed chair and the lawmaker over an alleged leak in 2012 of interest-rate information to a financial newsletter…
Yellen has told Rep. Jeb Hensarling, R-Texas, who heads the House Financial Services Committee, that she can’t provide some documents sought by his subpoena because doing so could jeopardize a criminal investigation by the Justice Department and the Fed’s watchdog inspector general. Yellen said the inspector general has told the Fed that the documents in question — which include records related to an earlier internal review by the Fed’s general counsel — should not be provided.
“The Federal Reserve is mindful that we must not impede that open criminal investigation,” Yellen wrote in a letter to Hensarling Thursday.
The move escalated a months-long battle between the Fed chair and the lawmaker over an alleged leak in 2012 of interest-rate information to a financial newsletter…
Canadian dollar up but TSX falls on Friday – CTV News
– news.google.ca
CTV NewsCanadian dollar up but TSX falls on FridayCTV NewsTORONTO — The Toronto Stock market closed lower Friday as strong jobs data in the U.S. left investors anticipating a rate hike from the U.S. Federal Reserve. The S&P/TSX composite index lost 62.23 points to close at 14,957.16. The loonie was up 0.42 of a …CANADA STOCKS-TSX falls as investors seek clarity on Greece, Fed rate hikeReutersCanada Stocks Fall a 2nd Day as Gold Shares Drop After Jobs DataBloombergTSX lower as jobs data boosts case for U.S. interest rate hikeFinancial PostBusiness Recorder (press release) (blog)all 36 news articles »
Zumiez, JA Solar, FireEye, Smucker and Vince Holding are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
The J.M. Smucker Co., down $2.43 to $111.32
The food company reported lower sales of its Smucker jams, Folgers coffee and other products. Its outlook also disappointed analysts.
Vince Holding Corp., down $3.01 to $12.27
The fashion brand cut its outlook for the year, saying that it expects lower sales to stores than last year.
Cardinal Health Inc., up 43 cents to $88.04
The medical products provider said it will spend about $1.12 billion to buy pharmaceutical distributor The Harvard Drug Group.
The Gap Inc., down 37 to $38.22
The clothing seller said sales at stores open a year fell 1 per cent. The number is an important indicator of retailers’ healthy.
Nasdaq
FireEye Inc., up $3.08 to $51.03
Shares of several cybersecurity specialists jumped after federal officials outlined yet another hack to U.S. government computer networks.
JA Solar Holdings Co…
NYSE
The J.M. Smucker Co., down $2.43 to $111.32
The food company reported lower sales of its Smucker jams, Folgers coffee and other products. Its outlook also disappointed analysts.
Vince Holding Corp., down $3.01 to $12.27
The fashion brand cut its outlook for the year, saying that it expects lower sales to stores than last year.
Cardinal Health Inc., up 43 cents to $88.04
The medical products provider said it will spend about $1.12 billion to buy pharmaceutical distributor The Harvard Drug Group.
The Gap Inc., down 37 to $38.22
The clothing seller said sales at stores open a year fell 1 per cent. The number is an important indicator of retailers’ healthy.
Nasdaq
FireEye Inc., up $3.08 to $51.03
Shares of several cybersecurity specialists jumped after federal officials outlined yet another hack to U.S. government computer networks.
JA Solar Holdings Co…
CBC.caChristy Clark vs. Gregor Robertson on solving high condo costsCBC.caAffordability, or lack of it, continues to be a hotly debated issue in the Lower Mainland and now Vancouver Mayor Gregor Robertson and B.C. Premier Christy Clark are in a written sparring match over what's the best solution. Robertson wrote a letter to Clark …Pete McMartin: What's real about real estate?Vancouver SunPremier rejects housing 'speculation tax'CTV NewsUrban issues key to upcoming federal election, big-city mayors sayEdmonton JournalThe Province (blog) -The Globe and Mail -News1130all 57 news articles »
Allegations of a dark past in gilded Westmount
– macleans.ca
One of the more gilded postal codes in the country is facing the potential of a class action lawsuit alleging that one of its long-time employees engaged in decades of sexual abuse against as many as 70 boys.
On Friday, Matthew Bissonnette filed a motion in Quebec’s Superior Court for authorization to institute a class action against Westmount, the wealthy burgh of about 20,000 people located west of downtown Montreal. “The City of Westmount turned a blind eye to the disturbing and illegal behaviour of their long-time employee, John Garland, while he acted as superintendent of the Westmount Parks and Recreation Department from 1953 to 1987,” reads the motion. It further alleges a member of Westmount’s police force dismissed Bissonnette’s initial claim in 1993 against Garland, saying that Bissonnette cooked up the abuse allegations for financial gain.
Bissonnette is seeking $100,000 for “physical, psychological and moral damages” he suffered as a result of Garland’s alleged abuse, as well as an additional $25,000 in punitive damages…
On Friday, Matthew Bissonnette filed a motion in Quebec’s Superior Court for authorization to institute a class action against Westmount, the wealthy burgh of about 20,000 people located west of downtown Montreal. “The City of Westmount turned a blind eye to the disturbing and illegal behaviour of their long-time employee, John Garland, while he acted as superintendent of the Westmount Parks and Recreation Department from 1953 to 1987,” reads the motion. It further alleges a member of Westmount’s police force dismissed Bissonnette’s initial claim in 1993 against Garland, saying that Bissonnette cooked up the abuse allegations for financial gain.
Bissonnette is seeking $100,000 for “physical, psychological and moral damages” he suffered as a result of Garland’s alleged abuse, as well as an additional $25,000 in punitive damages…
