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To understand Venezuela's future, look to the bond market, not politics and protests Sep 6th
Despite an economic crisis so severe that 2.3 million people have fled the country in the past four years, Venezuelan President Nicolas Maduro isn't currently facing mass protests. Bond holders, however, are preparing to seize the country's oil assets..... More »
Some wild speculation on Donald Trump’s VP + MORE Jun 23rd
Donald Trump, a man so orange he was once mistaken by a pilot for an air sock, is deciding on a vice-presidential candidate. Let’s take a closer look at the favourites:
Chris Christie. The New Jersey governor has demonstrated an old-school, Smithers-grade sycophancy—one defined by unblinking ob.... More »
How to calculate capital gains and losses on rental property Apr 16th
Q. I am selling my rental property, which I lived in for six years before renting it out the last five years. I do not own another home and I am selling this one for less than market value because some horrible renters caused the property to become run down. My mortgage principal is $263,000 and I.... More »
Justin Trudeau appoints Richard Wagner next Supreme Court chief justice + MORE Dec 12th
Daniel Sabourin/Laforest et Sabourin
OTTAWA — Prime Minister Justin Trudeau has appointed Justice Richard Wagner to be the next chief justice of the Supreme Court of Canada.
Wagner was born in Montreal and earned a law degree from the University of Ottawa in 1979.
He practised law for more than 20.... More »
For those hoping to be homeowners and parents, compromise is key + MORE Sep 26th
Children bring extra costs that must be considered when scouring the red-hot real estate market..... More »
Spain: Strike keeps El Mundo newspaper off streets
– canadianbusiness.com
MADRID – Spain’s second-largest newspaper, El Mundo, has not appeared in news kiosks owing to a strike over planned layoffs. It is the first time the newspaper’s publication has been hit by a stoppage since its foundation in 1989.
The newspaper, which has daily sales of some 120,000, was not in media outlets Wednesday due to the 24-hour strike begun Tuesday over proposals to lay off 224 employees at the Unidad Editorial parent group. The paper continued to publish online.
The Madrid Press Association said the layoffs included 91 at El Mundo.
The group also publishes sports tabloid Marca — Spain’s largest-circulation daily publication — and financial daily Expansion but both these papers were on sale at kiosks and available online.
The post Spain: Strike keeps El Mundo newspaper off streets appeared first on Canadian Business – Your Source For Business News.
The newspaper, which has daily sales of some 120,000, was not in media outlets Wednesday due to the 24-hour strike begun Tuesday over proposals to lay off 224 employees at the Unidad Editorial parent group. The paper continued to publish online.
The Madrid Press Association said the layoffs included 91 at El Mundo.
The group also publishes sports tabloid Marca — Spain’s largest-circulation daily publication — and financial daily Expansion but both these papers were on sale at kiosks and available online.
The post Spain: Strike keeps El Mundo newspaper off streets appeared first on Canadian Business – Your Source For Business News.
Royal Dutch Shell first quarter earnings down 58 per cent
– canadianbusiness.com
LONDON – Oil company Royal Dutch Shell said first-quarter earnings plunged 58 per cent as depressed crude prices create “hugely challenging times” for the energy industry.
The Anglo-Dutch company said Wednesday that profit adjusted for changes in the value of inventories and excluding one-time items dropped to $1.55 billion from $3.74 billion in the same period of 2015.
The results came after Shell completed a $54 billion takeover of BG Group Plc earlier this year — a deal that increases the company’s proven reserves of oil and natural gas by 25 per cent. While critics questioned the deal following the drop in oil prices, Shell said it would provide opportunities to cut costs by eliminating duplication.
“The completion of the BG deal has reinforced our strategy and strength against the backdrop of hugely challenging times for our industry,” CEO Ben van Beurden said Wednesday in a statement. “For Shell and our shareholders, this is a unique opportunity to reshape and simplify the company…
The Anglo-Dutch company said Wednesday that profit adjusted for changes in the value of inventories and excluding one-time items dropped to $1.55 billion from $3.74 billion in the same period of 2015.
The results came after Shell completed a $54 billion takeover of BG Group Plc earlier this year — a deal that increases the company’s proven reserves of oil and natural gas by 25 per cent. While critics questioned the deal following the drop in oil prices, Shell said it would provide opportunities to cut costs by eliminating duplication.
“The completion of the BG deal has reinforced our strategy and strength against the backdrop of hugely challenging times for our industry,” CEO Ben van Beurden said Wednesday in a statement. “For Shell and our shareholders, this is a unique opportunity to reshape and simplify the company…
Vancouver housing sales hit record highs during real estate boom
– theglobeandmail.com
In Greater Vancouver, the benchmark price for detached houses surpassed $1.4-million last month to set a record, up 30.1 per cent from a year earlier
Ontario’s top court has rejected an application by a group of U.S. bondholders to appeal a decision last year on how Nortel Networks Corp.’s remaining US$7.3 billion in assets should be divided.
Hedges spike as producers look to lock in higher oil prices
– theglobeandmail.com
Encana and Baytex among the companies upping financial hedges to seek shelter from persistently weak figures
