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Global shares mixed amid concern over US-Canada trade Sep 3rd
European stock markets mostly rose on Monday, after Asia closed lower, amid worries about trade friction between the U.S. and Canada and subdued investor activity due to a U.S. holiday..... More »
Visa, Amazon, Starbucks, Biogen and Pandora are big market movers + MORE Jul 24th
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Visa Inc., up $3.05 to $74.80
The payment processing company’s third-quarter profit jumped 25 per cent, helped by a double-digit rise in activity on .... More »
30 days - 1.75% + MORE Jul 11th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
Jose Cuervo, world's biggest tequila maker, postpones IPO after Trump election win + MORE Nov 24th
Tequila producer Jose Cuervo has put its IPO on hold following the election of Donald Trump, which has weighed on Mexican stocks and currency, according to people familiar with the matter..... More »
Cheque-mate: How biggest player in personal cheques market reinvented itself + MORE Jul 5th
TORONTO – Ten years ago, Toronto-based DH Corp. made virtually all of its money by printing cheques.
But over the past decade, the company once known as Davis + Henderson Corp. (TSX:DH) has transformed itself into a technology business serving financial institutions, with cheques now comprisin.... More »
Fund linked to Apollo Global buys 18 European hotels from Ivanhoe Cambridge
– canadianbusiness.com
MONTREAL – The real estate subsidiary of the Quebec pension fund (Caisse de depot et placement du Quebec) has sold 18 hotels in Europe to an investment fund affiliated with Apollo Global Management.
Terms of the deal between real estate company Ivanhoe Cambridge and Apollo European Principal Finance Fund II were not disclosed.
The hotels include 11 in Germany, two in Spain, two in the Netherlands and one each in Austria, Belgium and France. They operate under the Crowne Plaza banners, Holiday Inn and Holiday Inn Express IHG .
“This transaction is in line with our strategy of rationalizing our overall hotel exposure and reinvesting our capital in our core asset classes and in key markets globally,” said Ivanhoe Cambridge vice-president Sylvain Fortier.
“This sale brings to a conclusion a long-term investment for Ivanhoe Cambridge, and we are very pleased with the transaction process.”
Ivanhoe Cambridge has $40 billion in assets primarily in Canada, the United States , Europe , Brazil and Asia…
Terms of the deal between real estate company Ivanhoe Cambridge and Apollo European Principal Finance Fund II were not disclosed.
The hotels include 11 in Germany, two in Spain, two in the Netherlands and one each in Austria, Belgium and France. They operate under the Crowne Plaza banners, Holiday Inn and Holiday Inn Express IHG .
“This transaction is in line with our strategy of rationalizing our overall hotel exposure and reinvesting our capital in our core asset classes and in key markets globally,” said Ivanhoe Cambridge vice-president Sylvain Fortier.
“This sale brings to a conclusion a long-term investment for Ivanhoe Cambridge, and we are very pleased with the transaction process.”
Ivanhoe Cambridge has $40 billion in assets primarily in Canada, the United States , Europe , Brazil and Asia…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Lloyds underlying profits up 22 per cent, shows greater signs of rehabilitation after crisis
– canadianbusiness.com
LONDON – Lloyds Banking Group Plc is showing further signs of getting stronger.
The group, which was bailed out during the 2008 financial crisis, has made steady progress in recent months, with the government stake in the institution now at 25 per cent.
Underlying profit for the quarter ending in March rose 22 per cent to 1.8 billion pounds ($3 billion) from 1.479 billion pounds in the same period the year before.
The bank said Thursday it is on track to float off its TSB business by the summer and expects to apply for permission to start paying dividends again in the second half of the year.
Britain injected billions of pounds into its banks to shore up the system during the crisis.
The post Lloyds underlying profits up 22 per cent, shows greater signs of rehabilitation after crisis appeared first on Canadian Business.
The group, which was bailed out during the 2008 financial crisis, has made steady progress in recent months, with the government stake in the institution now at 25 per cent.
Underlying profit for the quarter ending in March rose 22 per cent to 1.8 billion pounds ($3 billion) from 1.479 billion pounds in the same period the year before.
The bank said Thursday it is on track to float off its TSB business by the summer and expects to apply for permission to start paying dividends again in the second half of the year.
Britain injected billions of pounds into its banks to shore up the system during the crisis.
The post Lloyds underlying profits up 22 per cent, shows greater signs of rehabilitation after crisis appeared first on Canadian Business.
Video: Market View: Two solitudes: The rich and the ROC
– theglobeandmail.com
As a country, Canada is rich, Michael Babad reports. But the reality is the top 1 per cent of Canadians are making the greatest wealth gains
