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Cardi B. and Elon Musk Think We’re Headed for a Recession Jun 9th
Tesla CEO Elon Musk and rapper Cardi B. are sounding the alarm on the economy.
Last week, in an email to Tesla executives titled “pause all hiring worldwide,” Musk said he had a “super bad feeling” about the economy and told executives to cut 10 per cent of jobs at the company. (Sin.... More »
Bank of Montreal CEO Bill Downe to retire in October; successor is Darryl White + MORE Apr 7th
After more than a decade at the helm, the Bank of Montreal’s Bill Downe has announced plans to retire as CEO on Oct. 31.
He will be succeeded by Darryl White, who is currently the bank’s (TSX:BMO) chief operating officer.
In a statement issued Friday, BMO chairman Robert Prichard highlig.... More »
Lords a-leaping: ’12 Days of Christmas’ items cost $34K, a 0.6 per cent increase over last year + MORE Nov 30th
PITTSBURGH, Pa. – Lords a-leaping is the U.S. economy slow to recover!
The cost of 10 lords a-leaping increased 3 per cent over last year, but nine of the other 12 gifts listed in the carol “The Twelve Days of Christmas” stayed the same price as last year, according to the 32nd ann.... More »
Federal budget shows Alberta's oil and gas sector not a priority, industry group says Mar 21st
The oil and gas industry's main lobby group says the federal government’s 2019 budget does nothing to get people back to work or spur investment in Alberta’s key industry..... More »
Investing Beyond the Numbers: Understanding financial flashpoints + MORE Mar 9th
Have you ever wondered why you have a particular attitude or belief toward money? Some of your past experiences with money shape your financial beliefs, which ultimately influence your financial decisions. These pivotal moments, known as “financial flashpoints,” can make a profound impact on how.... More »
Business Highlights
– canadianbusiness.com
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Yellen signals more aggressive stance toward banks
WASHINGTON (AP) — The Federal Reserve may be about to turn more aggressive in its regulation of the financial system.
Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.
She said the largest U.S. banks may need to hold additional capital to withstand periods of financial stress. Non-banks with deep reaches into the financial system might also need to meet tougher rules, she said. Such firms range from money market mutual funds to private equity and hedge funds.
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EU lawmakers complete financial system overhaul
BRUSSELS (AP) — The European Union’s Parliament on Tuesday completed the biggest overhaul of the bloc’s financial system since the introduction of the euro currency, passing laws to minimize the risk and cost posed by failing banks.
Lawmakers signed off on the creation of a European authority with the power to unwind or restructure failing banks, as well as a system that will see banks’ creditors — not governments — take losses first when lenders fail…
Yellen signals more aggressive stance toward banks
WASHINGTON (AP) — The Federal Reserve may be about to turn more aggressive in its regulation of the financial system.
Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.
She said the largest U.S. banks may need to hold additional capital to withstand periods of financial stress. Non-banks with deep reaches into the financial system might also need to meet tougher rules, she said. Such firms range from money market mutual funds to private equity and hedge funds.
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EU lawmakers complete financial system overhaul
BRUSSELS (AP) — The European Union’s Parliament on Tuesday completed the biggest overhaul of the bloc’s financial system since the introduction of the euro currency, passing laws to minimize the risk and cost posed by failing banks.
Lawmakers signed off on the creation of a European authority with the power to unwind or restructure failing banks, as well as a system that will see banks’ creditors — not governments — take losses first when lenders fail…
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,303.92 up 19.49 points):
Bombardier Inc. (TSX:BBD.B). Aerospace. Down two cents, or 0.49 per cent, to $4.10 on 10.1 million shares.
Osisko Mining Corp. (TSX:OSK). Miner. Down 20 cents, or 2.62 per cent, to $7.43 on 7.5 million shares.
Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Down seven cents, or 2.81 per cent, to $2.42 on 4.8 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance. Up nine cents, or 0.45 per cent, to $20.06 on 4.3 million shares.
Fortis Inc. (TSX:FTS.IR). Utilities. Up 18 cents, or 0.50 per cent, to $35.98 on 3.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 19 cents, or 2.03 per cent, to $9.18 on 3.4 million shares.
Toronto Venture Exchange (992.10 down 3.91 points):
Supreme Pharmaceuticals Inc. (TSXV:SL). Biotechnology. Down two cents, or 28.57 per cent, to five cents on 14.1 million shares.
Spartan Energy Corp…
Toronto Stock Exchange (14,303.92 up 19.49 points):
Bombardier Inc. (TSX:BBD.B). Aerospace. Down two cents, or 0.49 per cent, to $4.10 on 10.1 million shares.
Osisko Mining Corp. (TSX:OSK). Miner. Down 20 cents, or 2.62 per cent, to $7.43 on 7.5 million shares.
Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Down seven cents, or 2.81 per cent, to $2.42 on 4.8 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance. Up nine cents, or 0.45 per cent, to $20.06 on 4.3 million shares.
Fortis Inc. (TSX:FTS.IR). Utilities. Up 18 cents, or 0.50 per cent, to $35.98 on 3.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 19 cents, or 2.03 per cent, to $9.18 on 3.4 million shares.
Toronto Venture Exchange (992.10 down 3.91 points):
Supreme Pharmaceuticals Inc. (TSXV:SL). Biotechnology. Down two cents, or 28.57 per cent, to five cents on 14.1 million shares.
Spartan Energy Corp…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
OTTAWA – Pierre Poilievre says he’s open to considering nine recommendations from a Senate committee for changing his controversial overhaul of election laws.
But critics of the democratic reform minister’s Fair Elections Act said Tuesday the proposed changes, while welcome, don’t go anywhere near far enough.
Even with the changes, they said the bill will still politicize polling stations, disenfranchise hundreds of thousands of voters and give an unfair financial advantage to rich parties.
Moreover, they contended the bill fails to give elections officials the power needed to ensure political parties abide by the law and to investigate malfeasance like the misleading robocalls that plagued the 2011 election.
NDP Leader Tom Mulcair said it says something about what an affront the bill is to democracy that even Conservative senators think it needs some fundamental changes.
“We were quite surprised to see that even Mr. (Prime Minister Stephen) Harper’s appointed senators, people who have never been elected to anything, have a deeper understanding of the importance of fair elections than Mr…
But critics of the democratic reform minister’s Fair Elections Act said Tuesday the proposed changes, while welcome, don’t go anywhere near far enough.
Even with the changes, they said the bill will still politicize polling stations, disenfranchise hundreds of thousands of voters and give an unfair financial advantage to rich parties.
Moreover, they contended the bill fails to give elections officials the power needed to ensure political parties abide by the law and to investigate malfeasance like the misleading robocalls that plagued the 2011 election.
NDP Leader Tom Mulcair said it says something about what an affront the bill is to democracy that even Conservative senators think it needs some fundamental changes.
“We were quite surprised to see that even Mr. (Prime Minister Stephen) Harper’s appointed senators, people who have never been elected to anything, have a deeper understanding of the importance of fair elections than Mr…
