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RBC hikes dividend as fourth-quarter profit holds steady on interest-rate boost - The Globe and Mail Nov 30th
RBC hikes dividend as fourth-quarter profit holds steady on interest-rate boost The Globe and MailRBC reports $3.88B Q4 profit, raises quarterly dividend BNN BloombergNational Bank raises dividend but misses expectations Yahoo Canada FinanceScotiabank's fourth-quarte.... More »
'Makes no sense': New Brunswick man loses his 'free-the-beer' fight - CBC.ca Apr 20th
CBC.ca'Makes no sense': New Brunswick man loses his 'free-the-beer' fightCBC.caAfter a five-year legal battle, a New Brunswick man has lost his bid to be able to stock up on cheap beer in neighbouring Quebec. But the provincial government is hinting it will look at easing limits .... More »
‘Changes are going to be required’ to tax reform plan, says Morneau + MORE Oct 4th
Minister of Finance Bill Morneau speaks during a press conference before tabling the Fall Economic Statement, on Parliament Hill, Tuesday, Nov. 1, 2016 in Ottawa. THE CANADIAN PRESS/Justin Tang
OTTAWA – Finance Minister Bill Morneau says changes will be necessary to the Trudeau government’s .... More »
Here's why Robinhood is restricting users from buying surging stocks like GameStop - Yahoo Canada Finance Jan 28th
Here's why Robinhood is restricting users from buying surging stocks like GameStop Yahoo Canada FinanceWhy a Reddit group pumped GameStop shares up 1,000% on a lark to make short sellers lose their shirts CBC.ca'This is a drastic shift' — Reddit co-founder Alexis Ohanian on W.... More »
Should I favour dividend ETFs? + MORE Nov 24th
Mike wants to know whether dividend-focused ETFs are a good choice for retirees [MoneySense].... More »
Sleep Country public offering expected to raise more than $300 million
– canadianbusiness.com
TORONTO – Sleep Country Canada Holdings expects to generate more than $300 million in gross proceeds from the company’s return to public markets.
Canada’s largest mattress retailer said Friday that it will issue 17.65 million shares at a price of $17 per share.
The offering is made through a syndicate of underwriters led by TD Securities and BMO Nesbitt Burns.
An over-allotment of 2.6 million shares could raise an additional $45 million.
Existing shareholders, including management, will own 53 per cent of the company, however their stake could slip to 46 per cent if the over-allotment is exercised in full.
The offering is expected to close July 16 when Sleep Country’s shares will begin to trade under the symbol (TSX:ZZZ).
Sleep Country owns and operates 215 stores across Canada under its own name and the Dormez-Vous? banner.
It was listed on the Toronto Stock Exchange as an income trust from 2003 to 2008, when it was bought out for $356 million by Birch Hill Equity Partners and Westerkirk Capital…
Canada’s largest mattress retailer said Friday that it will issue 17.65 million shares at a price of $17 per share.
The offering is made through a syndicate of underwriters led by TD Securities and BMO Nesbitt Burns.
An over-allotment of 2.6 million shares could raise an additional $45 million.
Existing shareholders, including management, will own 53 per cent of the company, however their stake could slip to 46 per cent if the over-allotment is exercised in full.
The offering is expected to close July 16 when Sleep Country’s shares will begin to trade under the symbol (TSX:ZZZ).
Sleep Country owns and operates 215 stores across Canada under its own name and the Dormez-Vous? banner.
It was listed on the Toronto Stock Exchange as an income trust from 2003 to 2008, when it was bought out for $356 million by Birch Hill Equity Partners and Westerkirk Capital…
From a technical malfunction keeping planes on the ground, to one of the world’s biggest travel loyalty cards promising they’ve made it easier than ever to take to the skies, it was a busy week in financial news. We get you all caught up in our weekly video recap.
Court agrees with probation only sentence for Beanie Babies creator in tax evasion case
– canadianbusiness.com
CHICAGO – A U.S. appeals court on Friday agreed with a sentence of probation for the billionaire creator of Beanie Babies stuffed toys, rejecting arguments by federal prosecutors that he deserved prison time for hiding millions of dollars in a Swiss bank account.
H. Ty Warner was accused of evading $5.6 million in U.S. taxes by concealing assets. He pleaded guilty, made full restitution — and paid a nearly $54 million civil penalty.
But when the trial judge sentenced him to two years’ probation, prosecutors — who were pushing for at least a year in prison — took the rare move of appealing the sentence. They argued that the toy-maker got off too easy given the lengths to which he went to conceal his crime.
The 7th U.S. Circuit Court of Appeals said the district court did not abuse its considerable discretion with the sentence.
“While incarcerating Warner undoubtedly would have sent a stronger message, the message sent by his existing sentence is, in our view, strong enough,” the judges wrote in the Friday ruling…
H. Ty Warner was accused of evading $5.6 million in U.S. taxes by concealing assets. He pleaded guilty, made full restitution — and paid a nearly $54 million civil penalty.
But when the trial judge sentenced him to two years’ probation, prosecutors — who were pushing for at least a year in prison — took the rare move of appealing the sentence. They argued that the toy-maker got off too easy given the lengths to which he went to conceal his crime.
The 7th U.S. Circuit Court of Appeals said the district court did not abuse its considerable discretion with the sentence.
“While incarcerating Warner undoubtedly would have sent a stronger message, the message sent by his existing sentence is, in our view, strong enough,” the judges wrote in the Friday ruling…
Onex waves goodbye to legacy call centre investment
– theglobeandmail.com
The company is selling majority of its stake in Sitel Worldwide Corp.
The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.
