How to go about securing the best return for your investment in Canada.
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How to make your own financial plan in 8 easy steps Jun 18th
The process will help you think about money in ways you never have before..... More »
Berkshire Hathaway builds stake worth nearly $4.5 billion in refiner oil Phillips 66 + MORE Aug 29th
Billionaire investor Warren Buffett’s company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment.
A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 mill.... More »
Thomson Reuters expects higher 2018 costs, shares drop May 11th
Thomson Reuters Corp. forecast its costs would more than double for the year but revenue would only increase modestly. The prediction sent shares of the news and information company down five per cent as investors fretted about earnings growth..... More »
Toronto house prices soar in September + MORE Oct 5th
TORONTO – Housing sales in the Toronto area continued to soar last month, with the average price rising 20.4 per cent from September last year to $755,755, the Toronto Real Estate Board reported Wednesday.
The price increases came as the number of transactions in the Greater Toronto Area rose 21.5.... More »
Gildan wins auction for American Apparel, pays $88M for the brand — but not the stores + MORE Jan 10th
Montreal-based apparel maker Gildan Activewear Inc. has won an auction to buy the assets of American Apparel, which went into a court-supervised liquidation process earlier this year..... More »
With Dow Jones industrial average in a ‘correction,’ a look at what it means to you
– canadianbusiness.com
NEW YORK, N.Y. – The stock market’s steep decline this week has pushed the Dow Jones industrial average into what is known as “correction” territory.
Here are some common questions asked about corrections and what they mean to average investors:
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WHAT IS A STOCK MARKET CORRECTION?
A “correction” is a Wall Street term for when an index like the Dow industrials or the Nasdaq — or an individual stock — falls 10 per cent from its most-recent high. The Dow lost 530.94 points Friday and closed at 16,459, which is 10.1 per cent below its record close of 18,312 set on May 19. A correction is not the same as a bear market, which is defined as when a stock index or individual stock falls 20 per cent from its most-recent peak.
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IS THE ENTIRE STOCK MARKET IN A CORRECTION?
No. In fact, the Standard & Poor’s 500 index, considered a far broader gauge of the U.S. stock market’s health, is down 7.5 per cent from its most-recent high. The Nasdaq is precariously close to being in a correction, down 9…
Here are some common questions asked about corrections and what they mean to average investors:
___
WHAT IS A STOCK MARKET CORRECTION?
A “correction” is a Wall Street term for when an index like the Dow industrials or the Nasdaq — or an individual stock — falls 10 per cent from its most-recent high. The Dow lost 530.94 points Friday and closed at 16,459, which is 10.1 per cent below its record close of 18,312 set on May 19. A correction is not the same as a bear market, which is defined as when a stock index or individual stock falls 20 per cent from its most-recent peak.
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IS THE ENTIRE STOCK MARKET IN A CORRECTION?
No. In fact, the Standard & Poor’s 500 index, considered a far broader gauge of the U.S. stock market’s health, is down 7.5 per cent from its most-recent high. The Nasdaq is precariously close to being in a correction, down 9…
CEO of cheating website says he’s faithful to wife despite running affair dating service
– canadianbusiness.com
SAN DIEGO – Touting himself as the “The King of Infidelity,” the founder of the adultery site Ashley Madison built his livelihood around the unconventional philosophy that cheating is a natural part of married life — yet he says he is a devoted husband, and his wife of 12 years says she would be devastated if he was unfaithful.
Noel and Amanda Biderman say they do not practice what they preach but simply are smart entrepreneurs seizing an untapped market.
“I am printing money, I don’t deny it,” Biderman told the New York Daily News in 2014. “That’s what happens when you build a taboo-focused business.”
Their privately held Toronto holding company, Avid Life Media Inc., grossed $115 million in earnings last year, according to tax documents and figures shared by Biderman with Forbes.
Now divorce lawyers are preparing for a potential bonanza from the site’s massive breach that released the information of its subscribers.
It’s a problem the Bidermans say they have never had to confront because they are in a monogamous relationship, but they recognize others do not have that and there is money to be made from infidelity…
Noel and Amanda Biderman say they do not practice what they preach but simply are smart entrepreneurs seizing an untapped market.
“I am printing money, I don’t deny it,” Biderman told the New York Daily News in 2014. “That’s what happens when you build a taboo-focused business.”
Their privately held Toronto holding company, Avid Life Media Inc., grossed $115 million in earnings last year, according to tax documents and figures shared by Biderman with Forbes.
Now divorce lawyers are preparing for a potential bonanza from the site’s massive breach that released the information of its subscribers.
It’s a problem the Bidermans say they have never had to confront because they are in a monogamous relationship, but they recognize others do not have that and there is money to be made from infidelity…
Business Highlights
– canadianbusiness.com
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Fears over global slowdown hammer US stocks for 2nd day
NEW YORK (AP) — Growing concerns about a slowdown in China shook markets around the world on Friday, driving the U.S. stock market to its biggest drop in nearly four years.
The rout started in Asia and quickly spread to Europe, battering major markets in Germany and France. In the U.S., the selling started early and never let up.
Investors ditched beaten-down oil companies, as well as Netflix, Apple and other technology darlings. Oil plunged below $40 for the first time since the financial crisis, and government bonds rallied as investors raced into hiding spots.
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Barrel of US crude drops below $40
NEW YORK (AP) — A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis.
Friday’s fall, to $39.86, was just the latest indicator of a vast shift in the energy landscape over the past year. The price of oil has fallen for eight consecutive weeks, the longest streak since 1986…
Fears over global slowdown hammer US stocks for 2nd day
NEW YORK (AP) — Growing concerns about a slowdown in China shook markets around the world on Friday, driving the U.S. stock market to its biggest drop in nearly four years.
The rout started in Asia and quickly spread to Europe, battering major markets in Germany and France. In the U.S., the selling started early and never let up.
Investors ditched beaten-down oil companies, as well as Netflix, Apple and other technology darlings. Oil plunged below $40 for the first time since the financial crisis, and government bonds rallied as investors raced into hiding spots.
___
Barrel of US crude drops below $40
NEW YORK (AP) — A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis.
Friday’s fall, to $39.86, was just the latest indicator of a vast shift in the energy landscape over the past year. The price of oil has fallen for eight consecutive weeks, the longest streak since 1986…
Relax, a stock market pullback was due
– theglobeandmail.com
If your investment plan is sound, the best strategy for weathering the recent stock market correction – an aftershock of the 2008 financial crisis – is to maintain a steady course and not panic
OTTAWA — A Liberal candidate has admitted he broke election spending laws during his fight to win a bitterly contested nomination battle in the Toronto-area riding of Mississauga-Lakeshore.
In a compliance agreement struck with the commissioner of elections, Sven Spengemann admits he personally paid for some campaign expenses, which legally should have been paid only by his financial agent.
As a result, Spengemann admits he wound up donating $4,255 to his own nomination campaign—almost twice the legal limit of $2,200.
Under the terms of the compliance agreement, published in the Canada Gazette, Spengemann has agreed to solicit legal contributions to cover his excess donation and to pay that money to the receiver general.
He also agrees to file with Elections Canada an updated nomination financial return, reflecting all his campaign expenses and contributions.
A compliance agreement is a commonly used method of dealing with infractions of election laws; it does not constitute a criminal conviction or create a criminal record…
In a compliance agreement struck with the commissioner of elections, Sven Spengemann admits he personally paid for some campaign expenses, which legally should have been paid only by his financial agent.
As a result, Spengemann admits he wound up donating $4,255 to his own nomination campaign—almost twice the legal limit of $2,200.
Under the terms of the compliance agreement, published in the Canada Gazette, Spengemann has agreed to solicit legal contributions to cover his excess donation and to pay that money to the receiver general.
He also agrees to file with Elections Canada an updated nomination financial return, reflecting all his campaign expenses and contributions.
A compliance agreement is a commonly used method of dealing with infractions of election laws; it does not constitute a criminal conviction or create a criminal record…
