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Stock news for investors: Canopy Growth to acquire MTL Cannabis in $125-million deal + MORE Dec 19th
Here’s a round-up of news for Canadian investors this week.
Canopy Growth
Blackberry
Transat
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EQ Bank
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Why Hollywood Celebrities Are Petitioning Against a Canadian Bank Mar 22nd
Royal Bank of Canada’s financial support for the Coastal GasLink pipeline is generating some star-studded opposition.
More than 65 celebrities, including award-winning actors, directors and musicians, have joined Indigenous climate activists in signing a petition calling on RBC and its subsidia.... More »
Toronto stock index up, Wall Street mixed, as loonie moves lower + MORE Feb 16th
TORONTO – Rising oil prices helped Canada’s main stock index move higher, capping off a week of strong gains for North American markets .
The Toronto Stock Exchange’s S&P/TSX composite index was up 44.98 points to 15,452.64, led by the influential energy sector.
South of the bo.... More »
U.K.'s Barclays Bank to cut 19,000 jobs by 2016 + MORE May 8th
Barclays Bank is to cut 19,000 jobs by 2016, greatly simplifying its operations by pulling back on investment banking and returning to its roots in retail banking..... More »
Don’t inherit a crisis: How to manage a parent’s debt before they pass + MORE Mar 13th
For many families, the grief of losing a parent is compounded by a harsh and unexpected reality: a messy financial aftermath. Amidst mourning, loved ones may suddenly find themselves facing a daunting array of bills, taxes, and legal duties they are unprepared to handle. The topic of inherited debt.... More »
Regulators act to require US banks to have stronger capital base to reduce financial threats
– canadianbusiness.com
WASHINGTON – Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown.
The eight biggest U.S. banks will have to meet stricter measures for holding capital under a rule being adopted by regulators Tuesday. The Federal Reserve, the Federal Deposit Insurance Corp. and a Treasury Department agency are voting to require those banks to raise their minimum ratio of capital to loans from 3 per cent to 5 per cent.
The rule won’t take effect until 2018. The affected banks include Citigroup, Bank of America and JPMorgan Chase.
The regulators also are proposing to increase the amount and quality of capital that all U.S. banks must hold to cushion against potential losses.
The post Regulators act to require US banks to have stronger capital base to reduce financial threats appeared first on Canadian Business.
The eight biggest U.S. banks will have to meet stricter measures for holding capital under a rule being adopted by regulators Tuesday. The Federal Reserve, the Federal Deposit Insurance Corp. and a Treasury Department agency are voting to require those banks to raise their minimum ratio of capital to loans from 3 per cent to 5 per cent.
The rule won’t take effect until 2018. The affected banks include Citigroup, Bank of America and JPMorgan Chase.
The regulators also are proposing to increase the amount and quality of capital that all U.S. banks must hold to cushion against potential losses.
The post Regulators act to require US banks to have stronger capital base to reduce financial threats appeared first on Canadian Business.
Obama's new ambassador to Canada assumes post after nine-month delay – Vancouver Sun
– news.google.ca
Obama's new ambassador to Canada assumes post after nine-month delayVancouver SunOTTAWA – Barack Obama's new envoy to Ottawa has formally taken up his post, which had been vacant for nine months. Bruce Heyman, a Chicago investment banker and major Democratic Party fundraiser, formally became the U.S. ambassador to Canada …Bruce Heyman begins duties as US ambassador todayCBC.caNew US ambassador Heyman faces diplomatic pressure over pipelineEdmonton Journalall 4 news articles »
The business community is breathing a sigh of relief in reaction to the news that the Quebec Liberals have been swept back into power, with the loonie moving to its highest level in two months and cautious optimism on the stock market.
The International Monetary Fund has again upgraded its projection for Canada’s economy, but the latest outlook from the international financial organization shows it is far from sold on the country’s underlying fundamentals.
GM investing $449M in 2 Detroit-area plants to build next-generation Volt; more jobs expected
– canadianbusiness.com
DETROIT – General Motors plans to invest $449 million in two Detroit-area factories to build the next-generation Chevrolet Volt hybrid electric car and two unspecified new vehicles.
The company said the investment eventually will bring a second shift at the Detroit assembly plant that makes the Volt and other cars. But it wouldn’t say how many jobs would be added or when the people would be hired. The plant now employs about 1,600 on a single shift.
GM says it will invest $384 million at the assembly plant and another $65 million in a battery pack plant in nearby Brownstown Township.
The company also didn’t release any details on the next generation Volt. The current version can go about 38 miles on battery power before a small gasoline generator kicks in.
The assembly plant, which straddles the border of Detroit and the enclave of Hamtramck, also makes the Opel Ampera, a version of the Volt sold in Europe and other areas, and the Cadillac ELR, a luxury version of the Volt…
The company said the investment eventually will bring a second shift at the Detroit assembly plant that makes the Volt and other cars. But it wouldn’t say how many jobs would be added or when the people would be hired. The plant now employs about 1,600 on a single shift.
GM says it will invest $384 million at the assembly plant and another $65 million in a battery pack plant in nearby Brownstown Township.
The company also didn’t release any details on the next generation Volt. The current version can go about 38 miles on battery power before a small gasoline generator kicks in.
The assembly plant, which straddles the border of Detroit and the enclave of Hamtramck, also makes the Opel Ampera, a version of the Volt sold in Europe and other areas, and the Cadillac ELR, a luxury version of the Volt…
