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Five things to watch for in the Canadian business world in the coming week + MORE Nov 27th
TORONTO – Five things to watch this week in Canadian business:
Bombardier CSeries Takes Flight: Bombardier will celebrate the maiden flight of the CSeries CS300 on Monday. The delivery to airBaltic at Montreal’s Mirabel airport comes nearly half a year after the first CSeries CS100 passe.... More »
Bank of Canada survey says Canadian businesses are optimistic Oct 16th
A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans..... More »
Prairie farmers take financial hit as oil and gas slowdown stalls drilling rigs + MORE Oct 9th
CALGARY – For 56-year-old farmer Shannon Webb, waking up Friday to six inches of snow coating his grain fields near Wynyard, Sask., the frustration of an interrupted harvest wins out, for now, over worry about the ongoing oil-and-gas drilling downturn.
Like many Prairie farmers, Webb has used .... More »
Home sales down slightly in September in first dip since spring Oct 15th
The Canadian Real Estate Association says home sales in September fell 0.4 per cent compared with August, but average prices are still up slightly compared to this time last year..... More »
S&P 500 hits record high, equals longest bull-run + MORE Aug 21st
The benchmark S&P 500 touched a record high on Tuesday and equalled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute..... More »
Uber starts carpool service in Toronto for Pan Am
– moneysense.ca
TORONTO – Uber has announced a carpooling service that will run in Toronto for the duration of the Pan Am Games.
The ride-hailing company says UberPOOL, which will launch Tuesday and run until July 26, will allow passengers to share the cost of the ride with others taking a similar route.
Uber spokeswoman Susie Heath says Toronto is the sixth city in the world with UberPOOL, joining the likes of New York City and San Francisco.
Uber vs taxi: The best way to get around during Pan Am »
The ride-hailing company says UberPOOL, which will launch Tuesday and run until July 26, will allow passengers to share the cost of the ride with others taking a similar route.
Uber spokeswoman Susie Heath says Toronto is the sixth city in the world with UberPOOL, joining the likes of New York City and San Francisco.
Uber vs taxi: The best way to get around during Pan Am »
The company recently won a legal battle in an Ontario court against the City of Toronto, which sought a permanent injunction against Uber’s operations.
The judge ruled there was no evidence the company is operating as a taxi broker or that it breached city bylaws, saying the city’s definition of a brokerage was too broad.
Toronto and Ottawa city councils met recently with Uber and taxi companies to try to figure out a way forward.
The post Uber starts carpool service in Toronto for Pan Am appeared first on MoneySense.
The Healthy Turn From Aid to Investment
– online.wsj.com
Africa received $42 billion in development assistance in 2013, well behind foreign direct investment: $57 billion.Business Highlights
– canadianbusiness.com
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Greece strikes deal with creditors, avoids chaotic euro exit
BRUSSELS (AP) — After grueling, often angry negotiations that tested the limits of European unity, Greece struck a preliminary rescue deal with its creditors Monday that should avert an imminent financial catastrophe but also guarantees years more hardship and sacrifice for its people.
Prime Minister Alexis Tsipras flew home to sell the bailout plan to skeptical lawmakers and political allies, some of whom accused him of selling Greece out.
Panos Kammenos, leader of the junior partner in Tsipras’ coalition government, denounced the deal as a German-led “coup.”
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Euro currency emerges intact — for now — from Greek crisis
THE HAGUE, Netherlands (AP) — Europe’s monetary union appears saved. For now.
Although relief prevailed after Monday’s Greek bailout announcement, key questions remain about whether the euro currency will remain sustainable in the long-term — and even whether the European Union itself remains a viable project…
Greece strikes deal with creditors, avoids chaotic euro exit
BRUSSELS (AP) — After grueling, often angry negotiations that tested the limits of European unity, Greece struck a preliminary rescue deal with its creditors Monday that should avert an imminent financial catastrophe but also guarantees years more hardship and sacrifice for its people.
Prime Minister Alexis Tsipras flew home to sell the bailout plan to skeptical lawmakers and political allies, some of whom accused him of selling Greece out.
Panos Kammenos, leader of the junior partner in Tsipras’ coalition government, denounced the deal as a German-led “coup.”
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Euro currency emerges intact — for now — from Greek crisis
THE HAGUE, Netherlands (AP) — Europe’s monetary union appears saved. For now.
Although relief prevailed after Monday’s Greek bailout announcement, key questions remain about whether the euro currency will remain sustainable in the long-term — and even whether the European Union itself remains a viable project…
Governor of the Bank of Canada Stephen Poloz arrives at a commons finance committee on Parliament Hill on Tuesday, April 28, 2015. THE CANADIAN PRESS/Justin TangAs the Bank of Canada announces its latest move on interest rates, Maclean’s hosts a panel of experts to make sense of the day’s news. Business editor Jason Kirby will moderate a live chat with MoneySense senior editor Romana King, who specializes in personal finance and real estate; Stephen Gordon, an economics professor at Laval University; and Mike Moffatt, an economics professor at the Ivey Business School. Gordon and Moffatt are both Econowatch bloggers at macleans.ca.
We’re hosting the live chat on Wednesday, July 15 at 11 a.m. ET. Please submit your questions in advance and our esteemed participants will answer as many questions as they can before time runs out.
The post Maclean’s Live: Making sense of the Bank of Canada’s interest-rate announcement appeared first on Macleans.ca.
Greece strikes deal with eurozone, avoiding euro exit, but Tsipras faces dissent
– canadianbusiness.com
BRUSSELS – With members of his own party openly denouncing a preliminary rescue deal struck with Greece’s European creditors, Prime Minister Alexis Tsipras must fight to cling to his government’s majority after he was forced to shred election promises and introduce punishing austerity measures in exchange for the bailout.
Tsipras, who flew home Monday from grueling night-long negotiations with European leaders, will chair an executive meeting of his Syriza party early Tuesday before lawmakers begin a two-day debate on the deal — set to heap more tax hikes and spending cuts on a country already suffering through six years of recession.
The deal ensures that Greece avoids an imminent financial catastrophe and an exit from the Eurozone. But Panos Kammenos, leader of the junior partner in Tsipras’ coalition government, called the bailout plan a German-led “coup.”
“This deal introduced many new issues … we cannot agree with it,” Kammenos said after meeting with Tsipras…
Tsipras, who flew home Monday from grueling night-long negotiations with European leaders, will chair an executive meeting of his Syriza party early Tuesday before lawmakers begin a two-day debate on the deal — set to heap more tax hikes and spending cuts on a country already suffering through six years of recession.
The deal ensures that Greece avoids an imminent financial catastrophe and an exit from the Eurozone. But Panos Kammenos, leader of the junior partner in Tsipras’ coalition government, called the bailout plan a German-led “coup.”
“This deal introduced many new issues … we cannot agree with it,” Kammenos said after meeting with Tsipras…
