The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Before you borrow: Navigating back-to-school financial aid in Canada + MORE Jun 26th
Each year, more than half a million Canadians take out student loans to cover tuition, books, and living costs. But according to some recent research, including a study from Royal Bank of Canada (RBC), many students are unprepared for how these loans work and how to manage repayment.
Understandin.... More »
Markets Right Now: Stocks tumble as energy companies fall + MORE Jun 10th
NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
4:05 p.m.
U.S. stocks are closing lower on Wall Street as energy companies follow the retreat of oil prices from their recent highs. Banks are falling again as bond yields continue to plunge. The slump w.... More »
Chele, 34, has $100,000 in debt after a family emergency. Making $45,000, can she pay it off and eventually buy a home? + MORE Jun 14th
It’s been a rough couple of years for Chele. Now, she is hoping to turn her financial situation around..... 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 »
Who inherits a selfie? States seek to fill privacy law gaps + MORE Oct 2nd
SPRINGFIELD, Ill. – States are passing laws dealing with how to release information from online accounts to relatives when people die.
Google, Facebook and other companies have said a federal privacy law approved decades before digital storage became common prevents them from releasing electro.... More »
Valeant stock plunges on TSX after news of CEO’s medical leave
– theglobeandmail.com
The drug maker announced Monday that Michael Pearson in taking a leave while being treated for pneumonia
Canadian Oil Sands tells shareholders to reject Suncor bid as deadline looms
– canadianbusiness.com
CALGARY – Canadian Oil Sands is again urging its shareholders to reject a takeover bid by Suncor Energy, which has set Jan. 8 as the deadline for investors.
The company (TSX:COS) sent a letter to its shareholders Tuesday in the latest back-and-forth between the two Calgary-based firms, saying it can weather prolonged low oil prices on its own and thrive once crude recovers.
The missive, a response to Suncor’s renewed appeal earlier this month to accept the deal, says it’s not the right time to sell Canadian Oil Sands given the low price of crude and oil stocks.
Suncor has argued that with oil prices expected to remain low for some time, the status quo is risky for COS shareholders.
Based on Suncor’s most recent closing stock price Thursday, the all-stock bid is worth about $4.5 billion.
Suncor (TSX:SU) took its offer directly to COS shareholders on Oct. 5 after attempts to ink a friendly deal — at a higher price — were rebuffed by Canadian Oil Sands in the spring…
The company (TSX:COS) sent a letter to its shareholders Tuesday in the latest back-and-forth between the two Calgary-based firms, saying it can weather prolonged low oil prices on its own and thrive once crude recovers.
The missive, a response to Suncor’s renewed appeal earlier this month to accept the deal, says it’s not the right time to sell Canadian Oil Sands given the low price of crude and oil stocks.
Suncor has argued that with oil prices expected to remain low for some time, the status quo is risky for COS shareholders.
Based on Suncor’s most recent closing stock price Thursday, the all-stock bid is worth about $4.5 billion.
Suncor (TSX:SU) took its offer directly to COS shareholders on Oct. 5 after attempts to ink a friendly deal — at a higher price — were rebuffed by Canadian Oil Sands in the spring…
Diesel in France dips below symbolic 1 euro per litre, first since 2009
– canadianbusiness.com
PARIS – The price of diesel in France has slipped below 1 euro a litre for the first time since 2009 — at the height of the financial crisis. The price drop crosses a symbolic barrier that is likely to complicate government efforts to encourage cleaner transportation.
According to figures published late Monday, the average nationwide price of a litre was .99 euros.
Many European consumers prefer diesel cars because they get better mileage and are cheaper to fuel and maintain. In France, the preference is even stronger because of decades-old tax breaks the government is reluctant to lift despite evidence of health risks linked to diesel pollution. Paris Mayor Anne Hidalgo says she wants to “eradicate diesel” by 2020, but French consumers may instead be drawn to the new low prices.
The post Diesel in France dips below symbolic 1 euro per litre, first since 2009 appeared first on Canadian Business – Your Source For Business News.
According to figures published late Monday, the average nationwide price of a litre was .99 euros.
Many European consumers prefer diesel cars because they get better mileage and are cheaper to fuel and maintain. In France, the preference is even stronger because of decades-old tax breaks the government is reluctant to lift despite evidence of health risks linked to diesel pollution. Paris Mayor Anne Hidalgo says she wants to “eradicate diesel” by 2020, but French consumers may instead be drawn to the new low prices.
The post Diesel in France dips below symbolic 1 euro per litre, first since 2009 appeared first on Canadian Business – Your Source For Business News.
Before the Bell: Expect U.S. markets to see solid gains
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
KaloBios, formerly run by Shkreli, says it is appealing Nasdaq delisting
– canadianbusiness.com
NEW YORK, N.Y. – KaloBios, the biotech company formerly run by Martin Shkreli, says that is appealing a decision by Nasdaq to delist the company from its stock market.
San Francisco-based KaloBios was notified last week that Nasdaq would move to delist the company’s stock because of Shkreli’s arrest and several other issues.
Shkreli was charged with securities fraud earlier this month. KaloBios subsequently fired him as CEO and he resigned from its board.
He became infamous earlier this year after another company he led, Turing Pharmaceuticals Inc., hiked the price of a life-saving drug by 5,000 per cent. He resigned as CEO of Turing following his arrest.
KaloBios Pharmaceuticals Inc. said Tuesday that a hearing on its appeal to Nasdaq will take place in late February.
The post KaloBios, formerly run by Shkreli, says it is appealing Nasdaq delisting appeared first on Canadian Business – Your Source For Business News.
San Francisco-based KaloBios was notified last week that Nasdaq would move to delist the company’s stock because of Shkreli’s arrest and several other issues.
Shkreli was charged with securities fraud earlier this month. KaloBios subsequently fired him as CEO and he resigned from its board.
He became infamous earlier this year after another company he led, Turing Pharmaceuticals Inc., hiked the price of a life-saving drug by 5,000 per cent. He resigned as CEO of Turing following his arrest.
KaloBios Pharmaceuticals Inc. said Tuesday that a hearing on its appeal to Nasdaq will take place in late February.
The post KaloBios, formerly run by Shkreli, says it is appealing Nasdaq delisting appeared first on Canadian Business – Your Source For Business News.
