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Trudeau arrives at Davos to pitch investment opportunities in Canada - CTV News + MORE Jan 22nd
CTV NewsTrudeau arrives at Davos to pitch investment opportunities in CanadaCTV NewsZURICH -- Justin Trudeau arrived in Switzerland on Monday to attend the World Economic Forum in Davos, Switzerland, where he will try to persuade the world's richest to invest in Canada and uphold women's a.... More »
Small businesses welcome Ottawa's promised action on credit card fees - Canada News - Castanet.net Nov 5th
Small businesses welcome Ottawa's promised action on credit card fees - Canada News Castanet.netCredit card fees: Small businesses welcome promised action CTV NewsSmall businesses welcome Ottawa's promised action on credit card fees Ottawa.CityNews.caOttawa to regula.... More »
The right way to sell stocks during COVID-19 + MORE Sep 18th
It’s becoming increasingly likely that the economic recovery from COVID-19 will be long and drawn out, which is not good considering that 3 million have been laid off over the last two months. Since the crisis began in Canada, MoneySense has been telling readers to hang tight with their portfolio .... More »
Pierre Poilievre pitches accountability legislation targeting Mark Carney Apr 13th
The proposal would update the current accountability act and raise fines for ethics violations, require candidates to disclose where they have paid taxes over the last seven years and require new ministers to disclose their assets within 30 days..... More »
New Boeing 737 Max documents show 'very disturbing' employee concerns: U.S. House aide - CBC.ca Dec 24th
New Boeing 737 Max documents show 'very disturbing' employee concerns: U.S. House aide CBC.caBoeing CEO resigns after two deadly Max 737 crashes CTV NewsBoeing takes 'good step' with CEO ouster, but recovery could be years away: analysts CBC.caThree reasons why buyin.... More »
REUTERS/Chris WattieSunny Stephen is back.
If you have been following along, you will know that Bank of Canada Governor Stephen Poloz and a number of Bay Street economists have been at odds this year over what shade to use when colouring the spaces around the outlook for the Canadian economy.
With economic indicators suggesting gross domestic product grew at an annual rate of four percent in the first quarter, the Bay Streeters insist the future is bright. Yet the Bank of Canada’s depictions have been more subdued, clouded by uncertainties such as the potential horrors of trading with Donald Trump’s protectionist America. The contrast is made more stark by an odd role reversal; earlier in his tenure, Poloz received grief for being stubbornly optimistic. Some of his current critics used to call him “Sunny Stephen,” and they didn’t mean it as a compliment. Then as now, Poloz said the caricature was unfair.
Poloz and Bay Street may never learn to understand each other. For financial markets, the lights are either on or off, while for Poloz’s Bank of Canada, everything is nuanced…
The close: TSX falls as BMO earnings weigh on banks
– theglobeandmail.com
S&P 500 closes at record following Fed minutes
Former banker accused of stealing $250K from Alberta Treasury Branch – Globalnews.ca
– news.google.ca
Globalnews.caFormer banker accused of stealing $250K from Alberta Treasury BranchGlobalnews.caA woman who worked for an Alberta financial institution for three decades has been accused of stealing more than a quarter million dollars from her employer. The Stony Plain/Spruce Grove/Enoch RCMP Serious Crimes Branch began a fraud investigation in …and more »
Kinder Morgan prices IPO below previous expectations
– theglobeandmail.com
The company’s Canadian unit has priced shares at $17 apiece, down from the anticipated range of $19 to $22, according to a source
Home Capital draws $250 million more from emergency line of credit
– canadianbusiness.com
Home Capital Group says it has drawn down a further $250 million this week from its emergency line of credit to repay deposit notes due Wednesday.
That leaves the Toronto-based mortgage company (TSX:HCG) with $350 million left from a $2 billion line of credit provided by the Healthcare of Ontario Pension Plan late last month.
The pension plan provided the loan after Home Capital’s customers began to drain their high-interest savings accounts.
The flood of deposit withdrawals followed allegations filed against Home Capital in April.
Home Capital has denied accusations that it misled investors in statements and comments issued by senior executives, including two former CEOs and a third man who was the lender’s chief financial officer at the time.
The post Home Capital draws $250 million more from emergency line of credit appeared first on Canadian Business – Your Source For Business News.
That leaves the Toronto-based mortgage company (TSX:HCG) with $350 million left from a $2 billion line of credit provided by the Healthcare of Ontario Pension Plan late last month.
The pension plan provided the loan after Home Capital’s customers began to drain their high-interest savings accounts.
The flood of deposit withdrawals followed allegations filed against Home Capital in April.
Home Capital has denied accusations that it misled investors in statements and comments issued by senior executives, including two former CEOs and a third man who was the lender’s chief financial officer at the time.
The post Home Capital draws $250 million more from emergency line of credit appeared first on Canadian Business – Your Source For Business News.
