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U.S. investment banks’ trading slump could head north to Canada + MORE Jul 18th
Wall Street performance strengthens analysts’ expectations that Canadian firms will report lower results at end of current quarter
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Does buying GICs still make sense after the recent rate cuts? + MORE Oct 2nd
The Bank of Canada (BoC) recently lowered its policy interest rate by another 25 basis points, from 4.50% to 4.25%. It was the central bank’s third consecutive cut, and economists widely expect more cuts before the end of the year.
What does it mean for Canadians as borrowers and savers when in.... More »
Former PC Financial customers say frozen Simplii bank accounts causing 'undue hardship' Mar 31st
Some customers of Simplii Financial, the rebrand of the former PC Financial, say they were caught off guard after their bank accounts were suddenly frozen in recent weeks. The company is trying to transition customers to new debit cards before April 10..... More »
Dow drops 860 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worries - Yahoo Canada Finance Aug 5th
Dow drops 860 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worries Yahoo Canada FinanceLive updates: Global stock markets plunge CNNStocks markets around the world take a tuble as US reports weaker jobs report The HillWorld markets shak.... More »
Financial aid guide for university and college students in Canada + MORE May 7th
Financial aid is rarely an afterthought, but student debt is often a bigger problem than most university and college students in Canada anticipate. Rising tuition fees and expenses of going to college or university have become increasingly large burdens to bear for students—many of whom are alread.... More »
Fortis to buy Teck stake in B.C.'s Waneta dam for $1.2-billion
– theglobeandmail.com
Vancouver-based Teck said last September it was considering selling some infrastructure assets
The war for control of the Home Capital Group story
– canadianbusiness.com
Gerald Soloway, then CEO of Home Capital Group, addressing investors at the company’s 2011 AGM. (Aaron Vincent Elkaim)Gerald Soloway must have been feeling jubilant on an earnings conference call in May 2016. It was, in fact, his last such call before retiring as CEO of Home Capital Group, the company he had co-founded 30 years ago. The alternative mortgage lender had long provided fat returns, but also found itself the target of short sellers betting the stock would crash alongside the Canadian housing market. “We don’t put a lot of time and energy into dealing with what often is false comments by the shorts,” Soloway said. But he couldn’t resist a final dig at those rooting for his firm to fail, relaying a “little ditty” about how short sellers were apparently dealt with in the 19th century: “He who sells what isn’t his’n, must buy it back or go to pris’n.”
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Second Cup Ltd. says its chief financial officer has decided to leave the company at the end of June, the second high-ranking executive departure announced by the coffee company this week.
