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Spotify wins more fans in Wall Steet debut as stock surges + MORE Apr 4th
SAN FRANCISCO _ Spotify picked up more fans on Wall Street on Tuesday as investors gave the unprofitable company a warm welcome in its stock market debut.
After several hours of anticipation, Spotify’s shares traded as high as $169 before falling back slightly. By the early afternoon, the stoc.... More »
Oil producers weigh heavily on Toronto stock index, loonie remains buoyant + MORE Jun 14th
Oil stocks and crude prices are weighing heavily on Toronto’s main stock index.
The Toronto Stock Exchange’s S&P/TSX composite index was down 125.47 points to 15,254.28, after 90 minutes of trading.
Shares of major oil companies including Encana, Canadian Natural Resources and Sunco.... More »
Video: Trump promises to roll back bank regulations + MORE May 1st
President Donald Trump told a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.
.... More »
Home Capital: Finance billionaire Smith bets Canada’s housing slump won’t last - BNN Bloomberg Nov 21st
Home Capital: Finance billionaire Smith bets Canada’s housing slump won’t last BNN BloombergAlternative mortgage lender Home Capital to be bought by Smith Financial for $1.7-billion The Globe and MailHome Capital's current share price worth below $30/share is a worse case s.... More »
Plan for financial success in 2026 Dec 24th
It’s that time of the year again. While you’re caught up in last-minute runs to the store and mapping out the family dinner menu for the holidays, an annual financial review is unlikely to cross your mind. The timing of financial reviews often competes with holiday fun as the end of the .... More »
IMF delegation arrives in Egypt for bailout talks
– canadianbusiness.com
CAIRO – A delegation from the International Monetary Fund arrived in Egypt on Saturday, responding to a request for a multibillion dollar bailout for the country’s flagging economy.
Cairo airport officials said the IMF mission chief for Egypt, Christopher Jarvis, led the team that would meet officials later in the day from the Finance Ministry and the Central Bank. The officials spoke on condition of anonymity as they were not allowed to brief reporters.
The IMF has not given any details about the request or possible funding amounts, although Egypt has said it was seeking a loan of $12 billion from the IMF over three years, as well as $7 billion from other sources.
Years of unrest since the 2011 overthrow of longtime autocrat Hosni Mubarak have taken a heavy toll on both foreign investment and tourism, which along with Suez Canal revenues and remittances from Egyptians working abroad are the primary sources of foreign currency.
Reserves fell 18.1 per cent from June to December, shrinking to $16…
Cairo airport officials said the IMF mission chief for Egypt, Christopher Jarvis, led the team that would meet officials later in the day from the Finance Ministry and the Central Bank. The officials spoke on condition of anonymity as they were not allowed to brief reporters.
The IMF has not given any details about the request or possible funding amounts, although Egypt has said it was seeking a loan of $12 billion from the IMF over three years, as well as $7 billion from other sources.
Years of unrest since the 2011 overthrow of longtime autocrat Hosni Mubarak have taken a heavy toll on both foreign investment and tourism, which along with Suez Canal revenues and remittances from Egyptians working abroad are the primary sources of foreign currency.
Reserves fell 18.1 per cent from June to December, shrinking to $16…
