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Premarket: Shares shrug as Trump fires off tariffs on $200-billion of Chinese goods - The Globe and Mail + MORE Sep 18th
The Globe and MailPremarket: Shares shrug as Trump fires off tariffs on $200-billion of Chinese goodsThe Globe and MailWho's afraid of the big bad trade war? Not world stock markets it seems. The response to U.S. President Donald Trump's decision to go ahead next week with collecting 10 pe.... More »
Ontario electricity operator offers money for cutting power consumption + MORE Oct 5th
Companies have been asked to bid on demand-response contracts, which offers financial incentive for reducing consumption during peak hours
.... More »
World stock markets rise, led by surge in Chinese shares on stimulus hopes + MORE Aug 10th
TOKYO – Global stock markets were moderately higher Monday led by a surge on the Shanghai index on hopes for stimulus measures following weak Chinese economic data.
KEEPING SCORE: France’s CAC 40 added 0.5 per cent to 5,179.07 and Germany’s DAX gained 0.4 per cent to 11,541.35. Bri.... More »
World's largest money manager says climate change is an investment risk + MORE Nov 13th
Climate change risk has arrived as an investment issue, according to the world’s largest institutional investment manager..... More »
After a divorce, Patty, 49, sold her Toronto home for $1 million, and is finally financially independent. Living a frugal life, should this cleaner now put her money in the stock market? May 3rd
“I feel very lucky now but I endured a lot to get to financial independence,” Patty said. This includes working 60-hour weeks for most of her life, bouncing from home to home to help raise children, cook and clean..... 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.
Fraser Institute says Alberta overspent on pensions and contracts
– canadianbusiness.com
EDMONTON – A right-leaning think tank is blaming population growth and spending increases well above inflation for the current budget crisis in Alberta.
The Fraser Institute says the province has spent $49 billion more than necessary, mostly in unreformed public-sector pensions and public-sector contracts that were double the rate of inflation.
Author Mark Milke calls his report “Fumbling the Alberta Advantage.”
He says Premier Jim Prentice’s warning that the drop in oil prices will drain $7 billion from expected government revenues ignores the effect of past decisions to ramp up program spending.
The study also notes that the increase in program expenditures has handcuffed the government in terms of options in such areas such as capital spending, tax relief and deposits into the Alberta Heritage Savings Trust Fund.
The last government deposit into the province’s rainy day fund happened in 2006-07.
Meantime, ATB Financial’s Todd Hirsch says the report misses the mark…
The Fraser Institute says the province has spent $49 billion more than necessary, mostly in unreformed public-sector pensions and public-sector contracts that were double the rate of inflation.
Author Mark Milke calls his report “Fumbling the Alberta Advantage.”
He says Premier Jim Prentice’s warning that the drop in oil prices will drain $7 billion from expected government revenues ignores the effect of past decisions to ramp up program spending.
The study also notes that the increase in program expenditures has handcuffed the government in terms of options in such areas such as capital spending, tax relief and deposits into the Alberta Heritage Savings Trust Fund.
The last government deposit into the province’s rainy day fund happened in 2006-07.
Meantime, ATB Financial’s Todd Hirsch says the report misses the mark…
Former Merck financial analyst pleads guilty to insider trading charges
– canadianbusiness.com
NEW YORK, N.Y. – A former Merck & Co. senior finance analyst has pleaded guilty in New York to insider trading charges.
Zachary Zwerko pleaded guilty in Manhattan federal court to conspiring to commit securities fraud and three securities fraud counts. A plea agreement recommended a three to four-year prison sentence.
Assistant U.S. Attorney Jessica Masella said the 32-year-old Cambridge, Massachusetts, resident passed along secrets that earned $722,000 in illegal profits.
Zwerko’s lawyer, Gary Pelletier, said he’ll seek leniency for his client at a May 15 sentencing.
A criminal complaint says Zwerko fed secrets about plans for acquisitions by the Kenilworth, New Jersey-based Merck to a former schoolmate at Rutgers Business School. Prosecutors say Zwerko accepted at least $50,000 in cash while the friend earned profits trading illegally.
The post Former Merck financial analyst pleads guilty to insider trading charges appeared first on Canadian Business.
Zachary Zwerko pleaded guilty in Manhattan federal court to conspiring to commit securities fraud and three securities fraud counts. A plea agreement recommended a three to four-year prison sentence.
Assistant U.S. Attorney Jessica Masella said the 32-year-old Cambridge, Massachusetts, resident passed along secrets that earned $722,000 in illegal profits.
Zwerko’s lawyer, Gary Pelletier, said he’ll seek leniency for his client at a May 15 sentencing.
A criminal complaint says Zwerko fed secrets about plans for acquisitions by the Kenilworth, New Jersey-based Merck to a former schoolmate at Rutgers Business School. Prosecutors say Zwerko accepted at least $50,000 in cash while the friend earned profits trading illegally.
The post Former Merck financial analyst pleads guilty to insider trading charges appeared first on Canadian Business.
New Media buys Stephens Media chain, including Las Vegas Review-Journal
– canadianbusiness.com
LAS VEGAS, Nev. – New York-based New Media Investment Group Inc. says it has reached an agreement to purchase the company that owns the Las Vegas Review-Journal and daily newspapers in six other states.
New Media President and CEO Michael E. Reed said in a statement Thursday that they will purchase Stephens Media LLC’s assets for $102.5 million cash.
New Media operates in more than 370 markets across 27 states, publishing 450 community publications.
Reed expects the deal to close in the first quarter of 2015. He says Stephens’ publications have a strong community focus, solid readership base and stable advertisers,’ with daily papers in Arkansas, Iowa, North Carolina, Oklahoma, Tennessee and Texas.
In Nevada, Stephens also owns the Pahrump Valley Times, Tonopah Times-Bonanza and Boulder City Review.
The post New Media buys Stephens Media chain, including Las Vegas Review-Journal appeared first on Canadian Business.
New Media President and CEO Michael E. Reed said in a statement Thursday that they will purchase Stephens Media LLC’s assets for $102.5 million cash.
New Media operates in more than 370 markets across 27 states, publishing 450 community publications.
Reed expects the deal to close in the first quarter of 2015. He says Stephens’ publications have a strong community focus, solid readership base and stable advertisers,’ with daily papers in Arkansas, Iowa, North Carolina, Oklahoma, Tennessee and Texas.
In Nevada, Stephens also owns the Pahrump Valley Times, Tonopah Times-Bonanza and Boulder City Review.
The post New Media buys Stephens Media chain, including Las Vegas Review-Journal appeared first on Canadian Business.
