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Latest News
Toronto Real Estate Board sues listings website Mongohouse for $2.1M Oct 5th
The Toronto Real Estate Board is suing property listings website Mongohouse for $2 million, alleging that the anonymously-run page is illegally accessing, copying and distributing proprietary data..... More »
InterRent paying $58.M for residential completes, adjacent land in Ottawa + MORE Dec 2nd
OTTAWA – InterRent Real Estate Investment Trust (TSX:IIP.UN) is paying $58.5 million for a multi-united residential complex in Ottawa as well as an adjacent property.
The acquisition, expected to be completed in early April, includes more than $56.2 million for 393 suites plus $2.25 million fo.... More »
Ontario is putting up to $178 million into a stalled Toronto rental project. Is it a good investment or 'bailout'? Jun 9th
The province is funding the investment through the Build Ontario Fund, a Crown agency with a mandate to invest in needed infrastructure that makes a profit..... More »
Rethinking your approach to TFSA investing in the 2023 Jan 7th
As we begin the new year, it’s natural to start thinking about what the future holds and how we can set ourselves up for financial success in the year ahead. If you’re an investor with a Tax-Free Savings Account (TFSA), you may be wondering how recent changes in the financial landscape w.... More »
Know your TFSA contribution limit + MORE Nov 30th
For Canadian investors and savers, it’s always some of the best news to come each year: new TFSA room that becomes available each January 1. For 2025, the TFSA contribution limit is $7,000 (the same amount in 2024).
The actual TFSA yearly limit was set at $5,000 back in 2009 when the investmen.... More »
Book sellers, caught off guard by Alice Munro's Nobel Prize, scramble to stock … – The Globe and Mail
– news.google.ca
Toronto StarBook sellers, caught off guard by Alice Munro's Nobel Prize, scramble to stock …The Globe and MailAlmost immediately after Alice Munro was announced the winner of the 2013 Nobel Prize for literature Thursday, an e-mail was sent to all Chapters Indigo stores. By noon Thursday, or end of day at the latest, the e-mail from managers read, all locations were …Munro wins Nobel prize for literatureToronto SunAlice Munro 'terribly surprised' to win Nobel Prize for literatureToronto StarAlice Munro wins Nobel Prize in literature, first Canada-based writer to win awardNational PostCalgary Herald -CBC.ca -CTV Newsall 547 news articles »
More questions than answers behind Lazaridis’ interest in BlackBerry
– canadianbusiness.com
Research in Motion co-CEO Mike Lazaridis gestures at the end of his keynote address to the BlackBerry DevCon Americas conference in San Francisco, Oct.18, 2011. BlackBerry co-founders Lazaridis and Douglas Fregin are looking at making a potential takeover bid for the troubled smartphone maker THE CANADIAN PRESS/AP/Eric RisbergBlackBerry co-founder Mike Lazaridis caused a stir Thursday with the news that he’s considering a bid for the floundering tech company, but analysts point out that it’s still not clear what the future holds for the Canadian smartphone maker.
“It’s not unusual for company founders of ailing companies to jump back into the fray once they see their babies are sick,” said Kevin Restivo, an analyst with IDC Canada.
What’s unclear, said Restivo, is what this means for the bid framework outlined by Prem Watsa’s Fairfax Financial Holdings. Fairfax released details of a conditional takeover bid in late September, valuing BlackBerry as a whole at US$4.7 billion, with a share price value of US$9…
Oliver travels to China to say investment opportunities in Canada not dried up
– canadianbusiness.com
OTTAWA – Natural Resources Minister Joe Oliver is off to China to tell investors there that their prospects in Canada remain strong after a bleak message from a former cabinet colleague said they’ve dried up.
Oliver said one of the objectives of the trip is to make the point that it is no more difficult for companies, including state-owned enterprises, to come into Canada and invest than it was a year ago.
Last week, former Conservative cabinet minister Jim Prentice said Chinese investment had all but dried up in Canada’s lucrative oil and gas sector.
Prentice, a former industry minister, cited figures that showed a dramatic drop in the oil and gas sectors as well as mergers and acquisitions from China.
“It’s not true to say the Chinese investment prospects have dried up. It’s important to have those discussions to make sure that there is a clear understanding of where we’re coming from,” Oliver told The Canadian Press in an interview Thursday…
Oliver said one of the objectives of the trip is to make the point that it is no more difficult for companies, including state-owned enterprises, to come into Canada and invest than it was a year ago.
Last week, former Conservative cabinet minister Jim Prentice said Chinese investment had all but dried up in Canada’s lucrative oil and gas sector.
Prentice, a former industry minister, cited figures that showed a dramatic drop in the oil and gas sectors as well as mergers and acquisitions from China.
“It’s not true to say the Chinese investment prospects have dried up. It’s important to have those discussions to make sure that there is a clear understanding of where we’re coming from,” Oliver told The Canadian Press in an interview Thursday…
Ruby Tuesday, OfficeMax, Buckle and Quest Diagnostics are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Ruby Tuesday Inc., down $1.29 at $6.26
The casual restaurant chain posted a fiscal first-quarter loss due to a weak economy that’s keeping people away from its restaurants.
OfficeMax Inc., up 95 cents at $13.26
A Janney analyst gave the office supply retailer’s stock a “Buy” rating citing the costs it will save when it merges with Office Depot.
The Buckle Inc., down $4.49 at $47.17
The teen clothing retailer said that sales in stores open at least a year fell 4.5 per cent in the 5-week period ending Oct. 5.
Quest Diagnostics Inc., down $3.04 at $58.66
The medical lab operator forecast disappointing third-quarter results as demand weakened in the latter part of the quarter.
Marriott Vacations Worldwide Corp., up $2.50 at $47
The timeshare company’s third-quarter net income rose thanks to stronger results from its rental and resort-management businesses…
NYSE
Ruby Tuesday Inc., down $1.29 at $6.26
The casual restaurant chain posted a fiscal first-quarter loss due to a weak economy that’s keeping people away from its restaurants.
OfficeMax Inc., up 95 cents at $13.26
A Janney analyst gave the office supply retailer’s stock a “Buy” rating citing the costs it will save when it merges with Office Depot.
The Buckle Inc., down $4.49 at $47.17
The teen clothing retailer said that sales in stores open at least a year fell 4.5 per cent in the 5-week period ending Oct. 5.
Quest Diagnostics Inc., down $3.04 at $58.66
The medical lab operator forecast disappointing third-quarter results as demand weakened in the latter part of the quarter.
Marriott Vacations Worldwide Corp., up $2.50 at $47
The timeshare company’s third-quarter net income rose thanks to stronger results from its rental and resort-management businesses…
The closure of Automated Trading Desk’s Canadian operation is only the latest example of the challenges some foreign financial-services firms face here.
