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Powell: If economy does as expected with think carefully cutting rates to begin this year - ForexLive + MORE Mar 7th
Powell: If economy does as expected with think carefully cutting rates to begin this year ForexLiveAt the open: North American stock markets start higher ahead of Powell's testimony The Globe and MailWatch Fed Chair Powell testify live before Senate Banking Committee .... More »
Making sense of the markets this week: October 15, 2023 + MORE Oct 13th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Clearly, the biggest world news is the conflict in Israel and Gaza. This week we are holding off discussing the effects.... More »
Foreign investing in Montreal real estate is small: CMHC + MORE Jul 13th
A report by the Canada Mortgage and Housing Corp. says the number of foreign investors in the Montreal area real estate market is small and concentrated in condominiums in the city’s downtown core.
The report by the federal agency found that 1.3% of condominiums in the greater Montreal area were o.... More »
Your RRSP and TFSA are your best allies in building financial security Aug 16th
If you’re over 18 and working, it’s time to start diverting some money into long-term savings to begin building financial security for your future. Pay the tax now in a TFSA, or pay the tax later in an RRSP. Even better? Contribute to both, Lesley-Anne Scorgie writes.... More »
The latest investment trend? Take low-fee one step further and make it free Aug 17th
A David and a Goliath have each shaken up the investment industry this month with new investment products that take the growing trend of low-fee investing one step further — charging no fees at all..... More »
Canadian Natural Resources barrels ahead with Horizon oilsands expansion
– canadianbusiness.com
CALGARY – Canadian Natural Resources Ltd. (TSX:CNQ) says it’s committing $2 billion of this year’s capital budget to advancing its Horizon project and then expects the oilsand operation’s funding requirements to drop in 2017 and thereafter.
The Calgary-based company views Horizon as a key part of its future business plan, as it depends less on conventional sources of oil and gas.
The full 2016 capital budget, including spending on Horizon Phases 2B and 3, has been set at between $3.5 billion and $3.9 billion.
CNRL says the Horizon expansion budget will drop to $1 billion in 2017 and to zero in 2018, after Phase 3 starts production in next year’s fourth quarter.
The budget projection was contained in CNRL’s latest financial report, which showed it eked out a small profit in the fourth quarter but ended 2015 with a full-year net loss of $637 million or 58 cents per share.
The three months ended Dec. 31 showed $131 million of net income or 12 cents per share, which was an improvement over the third quarter but down from nearly $1…
The Calgary-based company views Horizon as a key part of its future business plan, as it depends less on conventional sources of oil and gas.
The full 2016 capital budget, including spending on Horizon Phases 2B and 3, has been set at between $3.5 billion and $3.9 billion.
CNRL says the Horizon expansion budget will drop to $1 billion in 2017 and to zero in 2018, after Phase 3 starts production in next year’s fourth quarter.
The budget projection was contained in CNRL’s latest financial report, which showed it eked out a small profit in the fourth quarter but ended 2015 with a full-year net loss of $637 million or 58 cents per share.
The three months ended Dec. 31 showed $131 million of net income or 12 cents per share, which was an improvement over the third quarter but down from nearly $1…
Nigerian e-commerce company wins $325 million investments
– canadianbusiness.com
LAGOS, Nigeria – Africa’s leading e-commerce platform Jumia says it has won funding of more than $325 million from French, German, South African and U.S. companies eager to invest in one of the continent’s fastest-growing online economies.
Parent company Africa Internet Group said the investment boosts its value to nearly $1.1 billion.
The investment announced Thursday comes from U.S. investment bankers Goldman Sachs, French insurance multinational AXA, German startup Rocket Internet and a long-time backer, South African telecommunications giant MTN.
Jumia was founded in Nigeria in 2012 to provide a platform for local African businesses to sell products online. It has expanded to 11 African countries while Africa Internet Group’s activities have grown to include online taxis, travel, real estate, and job and food delivery marketplaces.
The post Nigerian e-commerce company wins $325 million investments appeared first on Canadian Business – Your Source For Business News.
Parent company Africa Internet Group said the investment boosts its value to nearly $1.1 billion.
The investment announced Thursday comes from U.S. investment bankers Goldman Sachs, French insurance multinational AXA, German startup Rocket Internet and a long-time backer, South African telecommunications giant MTN.
Jumia was founded in Nigeria in 2012 to provide a platform for local African businesses to sell products online. It has expanded to 11 African countries while Africa Internet Group’s activities have grown to include online taxis, travel, real estate, and job and food delivery marketplaces.
The post Nigerian e-commerce company wins $325 million investments appeared first on Canadian Business – Your Source For Business News.
Moody’s downgrades BHP Billiton’s debt
– theglobeandmail.com
Ratings agency cites a deterioration in the company’s earnings and cash flow
Luxury home sales in Toronto, Vancouver to ‘continue to defy gravity,’ report says
– canadianbusiness.com
TORONTO – Toronto and Vancouver will continue to lead luxury home sales in Canada this spring in both volume and price, and mostly for the same reasons they dominated last year, says a new report released Wednesday.
Sotheby’s International Realty Canada cites macro-economic trends including limited inventory and strong demand from both domestic and international buyers in making its prediction.
The realtor says the Greater Toronto Area will lead the $1-million-plus residential real estate market, with continued sales gains and price escalation.
Notable growth is also expected in Vancouver, especially its top-tier residential market, with increases anticipated in the $4-million-plus category.
“Luxury home sales in Toronto and Vancouver will continue to defy gravity this spring,” Brad Henderson, president and CEO of Sotheby’s International Realty Canada, said in a statement.
“Both markets have the potential for significant gains and we expect heightened demand and insufficient inventory to drive price escalation and sellers’ market conditions…
Sotheby’s International Realty Canada cites macro-economic trends including limited inventory and strong demand from both domestic and international buyers in making its prediction.
The realtor says the Greater Toronto Area will lead the $1-million-plus residential real estate market, with continued sales gains and price escalation.
Notable growth is also expected in Vancouver, especially its top-tier residential market, with increases anticipated in the $4-million-plus category.
“Luxury home sales in Toronto and Vancouver will continue to defy gravity this spring,” Brad Henderson, president and CEO of Sotheby’s International Realty Canada, said in a statement.
“Both markets have the potential for significant gains and we expect heightened demand and insufficient inventory to drive price escalation and sellers’ market conditions…
Qatar-based beIN buys 100 per cent of Miramax film studio
– canadianbusiness.com
DUBAI, United Arab Emirates – A Qatar-based media group that has already moved into international sports broadcasting has purchased a 100-per cent stake in the film studio Miramax, part of its expansion into the entertainment business.
The beIN Media Group, which earlier spun off from Doha’s Al-Jazeera network, bought the studio famous for “Pulp Fiction,” ”No Country for Old Men” and “The English Patient” from investors including Colony Capital and the Qatar Investment Authority, the Gulf nation’s sovereign wealth fund.
Terms of the deal were not disclosed in a statement announcing the purchase late Wednesday. The beIN network did not respond to requests for comment Thursday.
“Miramax is a successful film and television company, providing a strong and recognizable brand, a unique library and industry expertise that complement beIN Media Group’s plans to grow across the entertainment industry and develop new content production,” Nasser Al-Khelaïfi, beIN’s chairman and CEO, said in the statement…
The beIN Media Group, which earlier spun off from Doha’s Al-Jazeera network, bought the studio famous for “Pulp Fiction,” ”No Country for Old Men” and “The English Patient” from investors including Colony Capital and the Qatar Investment Authority, the Gulf nation’s sovereign wealth fund.
Terms of the deal were not disclosed in a statement announcing the purchase late Wednesday. The beIN network did not respond to requests for comment Thursday.
“Miramax is a successful film and television company, providing a strong and recognizable brand, a unique library and industry expertise that complement beIN Media Group’s plans to grow across the entertainment industry and develop new content production,” Nasser Al-Khelaïfi, beIN’s chairman and CEO, said in the statement…
