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Hudson's Bay Co. reported to be in bid for Macy's - CBC.ca + MORE Feb 3rd
CBC.caHudson's Bay Co. reported to be in bid for Macy'sCBC.caShares of Hudson's Bay Co. and department store chain Macy's surged on Friday following reports that the venerable Canadian retailer has made a takeover approach to the U.S. company. Hudson's Bay shares rose as hig.... More »
New Brunswick focus on balancing books before paying down debt:minister + MORE Oct 1st
FREDERICTON – New Brunswick’s finance minister says the government needs to focus on balancing the books before it can begin paying down the province’s net debt.
Roger Melanson spoke Thursday following the release of the 2014-15 audited financial statements Wednesday.
The statement.... More »
Is Gold Still a Substance Worth Investing In? May 15th
From gold stocks and ETFs to buying actual gold, you’ve got options when it comes to investing in this most regal of metals. But, what is gold’s purpose, and why should an investor even get into the market? As an asset, gold’s intrinsic qualities make it a necessary part of an investment portf.... More »
Ukrainian delegation to meet US officials in Florida for fresh talks on Trump’s plan to end war - CNN Nov 30th
Ukrainian delegation to meet US officials in Florida for fresh talks on Trump’s plan to end war CNNU.S., Ukraine officials meet in Florida for peace talks as Trump officials could head to Moscow next CBCUkrainian and US officials meet in Florida to discuss proposals to end Ru.... More »
Canadians with COVID-19 or caring for those with it can apply for federal money Monday - CTV News Oct 5th
Canadians with COVID-19 or caring for those with it can apply for federal money Monday CTV NewsCanadians forced to miss work due to coronavirus can apply for federal financial support Global NewsCanadians can get $500 a week if they have COVID-19 or care for those who have it&n.... More »
Reasons why Flaherty was both a great and not-so-great finance minister
– canadianbusiness.com
OTTAWA – History will judge Jim Flaherty highly.
Economists in the private sector and in academia agree that the impish lawyer from Main Street — working-class Whitby, not tony Rosedale — should be judged as one of the most important and best finance ministers in the country’s history.
Being Canada’s third-longest serving finance minister made him notable; navigating one of the most serious financial crises of the past six decades — and reaching calmer waters ahead of his peers — puts him in elite company.
But no one who held the role for eight years, most of them in a minority government, could avoid the odd slip-up — and Flaherty was no exception.
Based on interviews with private-sector economists and academics, here are the Top 5 reasons Flaherty should be considered among Canada’s best three finance ministers of the post-Second World War era, as well as his five most glaring missteps.
Handling of the 2008-09 crisis. Canada’s recession was shallower than in other G7 nations, and the recovery came faster and stronger, thanks in part to Canada’s stronger fundamentals — robust banks and a government in surplus…
Economists in the private sector and in academia agree that the impish lawyer from Main Street — working-class Whitby, not tony Rosedale — should be judged as one of the most important and best finance ministers in the country’s history.
Being Canada’s third-longest serving finance minister made him notable; navigating one of the most serious financial crises of the past six decades — and reaching calmer waters ahead of his peers — puts him in elite company.
But no one who held the role for eight years, most of them in a minority government, could avoid the odd slip-up — and Flaherty was no exception.
Based on interviews with private-sector economists and academics, here are the Top 5 reasons Flaherty should be considered among Canada’s best three finance ministers of the post-Second World War era, as well as his five most glaring missteps.
Handling of the 2008-09 crisis. Canada’s recession was shallower than in other G7 nations, and the recovery came faster and stronger, thanks in part to Canada’s stronger fundamentals — robust banks and a government in surplus…
Boyd Group buying 25 auto repair shops in three U.S. states for $32.5M
– canadianbusiness.com
WINNIPEG – Boyd Group Income Fund (TSX:BYD.UN) will pay about $32.5 million to buy Dora Holdings, Inc., owner and operator of 25 collision repair centres in Illinois, Indiana and Florida under the trade name Collision Revision.
Winnipeg-based Boyd Group said Monday that the acquisition of the repair centres, which generated sales of some US$50 million in 2013, will immediately add to earnings.
Twenty-three of the 25 locations are in Illinois, including 15 in the Chicago area, while two others are in Fort Wayne, Ind. and Fort Myers, Fla.
With the new locations, Boyd will operate 288 collision repair locations across 15 U.S. states and five Canadian provinces.
“We are very pleased to announce another multi-shop acquisition to further our geographic footprint,” said president and CEO Brock Bulbuck. ” . . . This is our seventh major multi-shop acquisition since 2010 and reinforces our position as the largest multi-shop operator in North America in terms of number of locations…
Winnipeg-based Boyd Group said Monday that the acquisition of the repair centres, which generated sales of some US$50 million in 2013, will immediately add to earnings.
Twenty-three of the 25 locations are in Illinois, including 15 in the Chicago area, while two others are in Fort Wayne, Ind. and Fort Myers, Fla.
With the new locations, Boyd will operate 288 collision repair locations across 15 U.S. states and five Canadian provinces.
“We are very pleased to announce another multi-shop acquisition to further our geographic footprint,” said president and CEO Brock Bulbuck. ” . . . This is our seventh major multi-shop acquisition since 2010 and reinforces our position as the largest multi-shop operator in North America in terms of number of locations…
Of all the ways to experience identity theft, the loss of a SIN is among the more serious, as that is a user’s official thumbprint on government networks and the one that is most often used to authenticate people in the financial system, too.
Relativity’s last-minute bid for Maker rebuffed; sale to Disney to close in weeks
– canadianbusiness.com
LOS ANGELES, Calif. – Relativity Media, a film financier and movie distributor, was rebuffed in a last-minute bid for Maker Studios, the YouTube video creator that had agreed to be bought by The Walt Disney Co. last month.
Privately held Relativity offered cash and stock worth $525 million for Maker, plus up to $500 million in cash and stock if performance targets were met. Relativity also offered stock worth up to $75 million to key Maker talent and executives who did not have a stake in Maker.
Maker said Monday that its board and the majority of its shareholders had approved the sale to Disney and expects that deal to close in the next few weeks.
Maker’s deal with Disney was for $500 million in cash plus $450 million for meeting performance goals.
The post Relativity’s last-minute bid for Maker rebuffed; sale to Disney to close in weeks appeared first on Canadian Business.
Privately held Relativity offered cash and stock worth $525 million for Maker, plus up to $500 million in cash and stock if performance targets were met. Relativity also offered stock worth up to $75 million to key Maker talent and executives who did not have a stake in Maker.
Maker said Monday that its board and the majority of its shareholders had approved the sale to Disney and expects that deal to close in the next few weeks.
Maker’s deal with Disney was for $500 million in cash plus $450 million for meeting performance goals.
The post Relativity’s last-minute bid for Maker rebuffed; sale to Disney to close in weeks appeared first on Canadian Business.
AlarmForce boosts annual dividend to 12 cents; 3-cent quarterly payout May 20
– canadianbusiness.com
TORONTO – AlarmForce Industries Inc. (TSX:AF) is increasing its annual cash dividend to 12 cents from 10 cents per share.
The company, which provides alarm monitoring, video surveillance and emergency response monitoring to residential and commercial customers in both Canada and the United States, says its new quarterly dividend of three cents per share will be payable May 20 to shareholders of record on April 30.
Based on the company’s closing share price Monday or $11.24, up four cents, the higher dividend would provide an annual yield of just over one per cent.
“The board’s decision to increase the dividend reflects the company’s strong cash position and confidence in AlarmForce’s ability to continue generating profits and cash flows,” interim president and CEO Anthony Pizzonia said in a release after markets closed.
“This is in line with our strategy to deliver consistent returns to our shareholders and give them an additional opportunity to benefit from our operational strength…
The company, which provides alarm monitoring, video surveillance and emergency response monitoring to residential and commercial customers in both Canada and the United States, says its new quarterly dividend of three cents per share will be payable May 20 to shareholders of record on April 30.
Based on the company’s closing share price Monday or $11.24, up four cents, the higher dividend would provide an annual yield of just over one per cent.
“The board’s decision to increase the dividend reflects the company’s strong cash position and confidence in AlarmForce’s ability to continue generating profits and cash flows,” interim president and CEO Anthony Pizzonia said in a release after markets closed.
“This is in line with our strategy to deliver consistent returns to our shareholders and give them an additional opportunity to benefit from our operational strength…
