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Australian bank reinstates traders still under legal cloud + MORE Oct 5th
CANBERRA, Australia – An Australian bank chief executive told a parliamentary committee on Wednesday that traders implicated in market manipulation allegations had been suspended then reinstated without those accusations being judged by a court.
The Australian Securities and Investments Commis.... More »
Making sense of the markets this week, October 31, 2021 Oct 30th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Scotiabank says 8 rate hikes are on the way
Scotiabank’s Derek Holt shared that we could see eight rate hikes in Canada over the next two years. That is ag.... More »
Three dates is all it takes to determine financial compatibility Jul 23rd
When you work as a team, you can build wealth together, writes Lesley-Anne Scorgie..... More »
Canadian retirees spending an average $2,400 a month + MORE Jun 25th
(Getty Images / shapecharge)
Housing is the single greatest monthly expense Canadian retirees are facing, according to a new study.
On average, retired Canadians are spending $2,400 a month, or $28,800 a year as revealed by the BMO Wealth Management Study, with $668 of that going towards accommodati.... More »
House rich: How to access the equity in your home + MORE Nov 16th
With the national average home price up a record 18.5% in August 2020 compared to the same time last year, more Canadians than ever have a significant portion of their wealth tied up in their homes.
Who are these “house rich” homeowners? They range widely—from retirees on a fixed income, to ba.... More »
Pawtucket Red Sox owners: Providence ballpark would generate millions for city, state
– canadianbusiness.com
PROVIDENCE, R.I. – The new owners of the Pawtucket Red Sox minor league baseball team said Wednesday that a multi-use ballpark in downtown Providence would generate $12.3 million annually in spending for the city and the state but they would seek help from taxpayers — $120 million over 30 years — and ask to be exempt from real estate taxes.
Team president James Skeffington and consultants from Brailsford & Dunlavey unveiled artists’ renderings for a new waterfront stadium, along with an economic impact study commissioned by the Boston Red Sox affiliate. Their study shows the ballpark would create about $2 million annually in recurring tax revenue from sales taxes, income taxes and hotel taxes for the state and about $170,000 annually in incremental tax revenue for Providence.
For the first time, Skeffington acknowledged they would ask taxpayers to contribute $4 million a year for 30 years to rent the stadium and would ask for a 30-year exemption from city real estate taxes, saying the majority of ballparks are exempt from taxes…
Team president James Skeffington and consultants from Brailsford & Dunlavey unveiled artists’ renderings for a new waterfront stadium, along with an economic impact study commissioned by the Boston Red Sox affiliate. Their study shows the ballpark would create about $2 million annually in recurring tax revenue from sales taxes, income taxes and hotel taxes for the state and about $170,000 annually in incremental tax revenue for Providence.
For the first time, Skeffington acknowledged they would ask taxpayers to contribute $4 million a year for 30 years to rent the stadium and would ask for a 30-year exemption from city real estate taxes, saying the majority of ballparks are exempt from taxes…
Online crafts marketplace Etsy raises $267 million in IPO, prices shares at high end of range
– canadianbusiness.com
NEW YORK, N.Y. – Online crafts marketplace Etsy has raised $267 million in its initial public offering, pricing its shares at the top of the range it had predicted.
Etsy said Wednesday that it sold 16.7 million shares for $16 each, valuing the company at $1.78 billion.
The New York company sold 13.3 million shares, while its early investors sold 3.3 million.
Most of the shares sold in an IPO go to major investors like big asset managers. But Etsy had said that it planned for 5 per cent of the shares sold to be set aside for individual investors, including the people who sell their wares on Etsy’s site.
Etsy will list its shares on the Nasdaq under the sticker symbol “ETSY.” Trading is expected to begin on Thursday.
The post Online crafts marketplace Etsy raises $267 million in IPO, prices shares at high end of range appeared first on Canadian Business.
Etsy said Wednesday that it sold 16.7 million shares for $16 each, valuing the company at $1.78 billion.
The New York company sold 13.3 million shares, while its early investors sold 3.3 million.
Most of the shares sold in an IPO go to major investors like big asset managers. But Etsy had said that it planned for 5 per cent of the shares sold to be set aside for individual investors, including the people who sell their wares on Etsy’s site.
Etsy will list its shares on the Nasdaq under the sticker symbol “ETSY.” Trading is expected to begin on Thursday.
The post Online crafts marketplace Etsy raises $267 million in IPO, prices shares at high end of range appeared first on Canadian Business.
Video: Where is the Price of Oil Headed?
– blogs.wsj.com
ARC Financial energy economist Peter Tertzakian and TransCanada’s Corey Goulet joined WSJ Canada’s Elena Cherney at a recent WSJ+ event in Toronto to discuss why the global price war over oil will mean a choppy path to higher prices.
AshleyMadison.com, a dating website for cheating spouses, is planning a matchup with investors in London later this year to raise up to $200 million US.
Report on Caisse de dépôt CEO's earnings doesn’t tell the whole story
– theglobeandmail.com
Michael Sabia has shown restraint, and that’s admirable, but much of it was his choice based in part on his unusual personal circumstances
