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PM hopes to attract billions in private capital for infrastructure projects + MORE Nov 14th
TORONTO – Justin Trudeau and nine members of his cabinet are in Toronto today to meet with some of the world’s most powerful institutional investors with trillions of dollars at their disposal.
The prime minister is hoping to persuade some two dozen representatives of large international.... More »
Canadian drink company tastes controversy after Simu Liu raises cultural appropriation questions - CNN Oct 14th
Canadian drink company tastes controversy after Simu Liu raises cultural appropriation questions CNNSimu Liu criticizes Canadian boba tea company over concerns of cultural appropriation NBC News‘Dragon’ Manjit Minhas withdraws from Bobba Tea investment after backlash over c.... More »
5 things to know before the stock market opens Friday - CNBC Dec 17th
5 things to know before the stock market opens Friday CNBCStock market news live updates: Stocks fall as technology shares extend sell-off Yahoo Canada FinanceNasdaq ends sharply lower as investors move away from Big Tech Al Jazeera EnglishTech selloff sinks Nasdaq 1.... More »
Spanish rival launches 2nd takeover bid for Portuguese bank + MORE Apr 18th
LISBON, Portugal – Spain’s Caixabank is making its second attempt in just over a year to take control of Banco Portugues do Investimento, launching a crossborder takeover bid that values the Portuguese bank at 1.62 billion euros ($1.83 billion).
Caixabank, S.A., which is the Portuguese b.... More »
Is $779,000 overpriced for this old bungalow in Ajax? This real estate agent says it’s ‘madness’ Nov 19th
“Who is going to pay $779,000 for this little (house) in Ajax? I mean, it’s cute, but it’s $779,000 for two bedrooms and two bathrooms. That’s crazy,” said real estate agent Othneil Litchmore..... More »
Element Financial to split into two: fleet management and financing
– theglobeandmail.com
Element Fleet Management will operate company’s fleet management operations, while Element Commercial Asset Management will include the company’s commercial and vendor financing business
Tim Hortons signs Luke Family to help grow brand in Indiana, RBI reports profits
– canadianbusiness.com
OAKVILLE, Ont. – Tim Hortons has a new partner that will help expand the Canadian restaurant brand in the state of Indiana.
The Ontario-based chain says Luke Family of Brands will become its exclusive representative in the cities of Indianapolis and Lafayette.
Tim Hortons says that Indiana is a prime growth opportunity given its presence in the neighbouring state of Ohio, where it has similar agreements in Cincinnati and Columbus.
The Luke Family agreement was announced as the parent of Tim Hortons and Burger King announced its financial results for the quarter and 12 months ended Dec. 31 — the first full year since the two restaurant companies have been together.
For the full year, Restaurant Brands International (TSX:QSP) had US$4 billion of total revenue, including about US$1 billion in the fourth quarter.
Net income was $103.9 million, including $51.7 million or 25 cents per share in the three months ended Dec. 31.
RBI’s adjusted net income — another measure of earnings that excludes certain items — was $561…
The Ontario-based chain says Luke Family of Brands will become its exclusive representative in the cities of Indianapolis and Lafayette.
Tim Hortons says that Indiana is a prime growth opportunity given its presence in the neighbouring state of Ohio, where it has similar agreements in Cincinnati and Columbus.
The Luke Family agreement was announced as the parent of Tim Hortons and Burger King announced its financial results for the quarter and 12 months ended Dec. 31 — the first full year since the two restaurant companies have been together.
For the full year, Restaurant Brands International (TSX:QSP) had US$4 billion of total revenue, including about US$1 billion in the fourth quarter.
Net income was $103.9 million, including $51.7 million or 25 cents per share in the three months ended Dec. 31.
RBI’s adjusted net income — another measure of earnings that excludes certain items — was $561…
ADT being purchased by Apollo Global for $6.94 billion
– canadianbusiness.com
NEW YORK, N.Y. – Home security services company ADT has agreed to be purchased by affiliates of Apollo Global Management for about $6.94 billion.
ADT Corp.’s stock surged more than 50 per cent in Tuesday premarket trading.
ADT shareholders will receive $42 per share. That’s a 56 per cent increase from Friday’s closing price of $26.87.
The companies said that ADT will be merged with a subsidiary of Prime Security Services Borrower LLC, which is also owned by Apollo.
The combined business will operate primarily under the ADT brand and be based in Boca Raton, Florida.
ADT has a 40-day period in which it can actively seek out alternative proposals.
ADT’s board has approved the acquisition, which is targeted to close by June. It still needs ADT shareholder approval.
The post ADT being purchased by Apollo Global for $6.94 billion appeared first on Canadian Business – Your Source For Business News.
ADT Corp.’s stock surged more than 50 per cent in Tuesday premarket trading.
ADT shareholders will receive $42 per share. That’s a 56 per cent increase from Friday’s closing price of $26.87.
The companies said that ADT will be merged with a subsidiary of Prime Security Services Borrower LLC, which is also owned by Apollo.
The combined business will operate primarily under the ADT brand and be based in Boca Raton, Florida.
ADT has a 40-day period in which it can actively seek out alternative proposals.
ADT’s board has approved the acquisition, which is targeted to close by June. It still needs ADT shareholder approval.
The post ADT being purchased by Apollo Global for $6.94 billion appeared first on Canadian Business – Your Source For Business News.
Restaurant Brands beats 4Q profit forecasts
– canadianbusiness.com
OAKVILLE, Ont. – Restaurant Brands International reported a fourth-quarter profit that beat expectations, as a key sales figure rose at Burger King and Tim Hortons.
Sales at established Burger King locations globally rose 3.9 per cent in the period, the company reported Tuesday, while the figure rose 6.3 per cent at established Tim Hortons locations.
For the U.S. and Canada, RBC Capital Markets analyst David Palmer said the sales growth of 2.8 per cent at established location was below the 5.7 per cent growth for McDonald’s and 4.8 per cent growth for Wendy’s in the period. But he said he was “intrigued” by Burger King’s recent announcement that it would add hot dogs to its U.S. menu.
The company said it earned $119.2 million, or 25 cents per share. Excluding one-time items, it earned 35 cents per share. That was more than the 31 cents per share analysts expected, according to Zacks Investment Research.
The Oakville, Ontario-based company said total revenue of $1…
Sales at established Burger King locations globally rose 3.9 per cent in the period, the company reported Tuesday, while the figure rose 6.3 per cent at established Tim Hortons locations.
For the U.S. and Canada, RBC Capital Markets analyst David Palmer said the sales growth of 2.8 per cent at established location was below the 5.7 per cent growth for McDonald’s and 4.8 per cent growth for Wendy’s in the period. But he said he was “intrigued” by Burger King’s recent announcement that it would add hot dogs to its U.S. menu.
The company said it earned $119.2 million, or 25 cents per share. Excluding one-time items, it earned 35 cents per share. That was more than the 31 cents per share analysts expected, according to Zacks Investment Research.
The Oakville, Ontario-based company said total revenue of $1…
Six little known facts about RRSPs that could save you money
– theglobeandmail.com
Hold your mortgage inside your RRSP and pay yourself interest, and other handy tips
