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What investors need to know about Canada Sep 20th
I will bet there’s not one Canadian (aside from Nordic sports enthusiasts, perhaps) who is excited about the coming winter. With COVID-19 cases rising, the real possibility of more lockdowns ahead and no warm-climate winter vacations to look forward to, the next few months are going to be long and.... More »
Buying pre-construction: What if your home is worth less than you paid? + MORE Jan 26th
Many Canadians bought pre-construction homes and condos at the height of the real estate market, as ultra-low interest rates fuelled a steady climb in Canadian real estate prices. Now some of those buyers are walking away from their purchases, unable to close on properties worth less than they paid .... More »
When To Sell Your Investment Property? Sep 25th
Theoretically, real estate appreciates forever. The housing market rises and falls but given enough time, all properties are worth more than their purchase price. However, holding on to properties forever is impossible. Moreover, taking advantage of a high point in the market can be the best decisio.... More »
Does a spouse’s real estate ownership cancel out first-time homebuyer qualifications? Jun 5th
Q. My husband and I married recently, and we have lived together in a rental apartment since we got engaged and married. He has a condo, which he purchased seven years ago, but he has not lived there for the past three years. I’ve never lived in that condo and he didn’t use the Home Buyers’ Pl.... More »
'Stay home,' urges widow of 51-year-old Ontario man who died of COVID-19 - CTV News + MORE Mar 20th
'Stay home,' urges widow of 51-year-old Ontario man who died of COVID-19 CTV News5 Financial Relief Measures For Canadians Impacted By COVID 19 HuffPost CanadaSecond COVID-19-related death in Ontario believed to be linked to 'local transmission' CTV NewsCoronavirus: .... More »
Toronto stock index sets 2nd straight record high, Canadian dollar rises
– canadianbusiness.com
TORONTO _ Canada’s main stock index hit an all-time high for a second straight day, bolstered in part by surging cannabis stocks, as the loonie gained ground.
The S&P/TSX composite index advanced 18.82 points to 16,221.95, with shares of pot producers Canopy Growth Corp. (TSX:WEED) and Aphria Inc. (TSX:APH) up more than nine per cent and six per cent, respectively.
In New York, the Dow Jones industrial average gained 63.21 points to 24,837.51. The S&P 500 index was up 4.92 points to 2,687.54 and the Nasdaq composite index added 10.82 points to 6,950.16.
The Canadian dollar closed at an average trading value of 79.44 cents US, up 0.33 of a U.S. cent.
In commodities, the February crude contract was up 20 cents to US$59.84 per barrel and the February natural gas contract added 18 cents to US$2.91 per mmBTU.
The February gold contract gained $5.80 to US$1,297.20 an ounce and the March copper contract was up two cents to US$3.31 a pound.
The post Toronto stock index sets 2nd straight record high, Canadian dollar rises appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index advanced 18.82 points to 16,221.95, with shares of pot producers Canopy Growth Corp. (TSX:WEED) and Aphria Inc. (TSX:APH) up more than nine per cent and six per cent, respectively.
In New York, the Dow Jones industrial average gained 63.21 points to 24,837.51. The S&P 500 index was up 4.92 points to 2,687.54 and the Nasdaq composite index added 10.82 points to 6,950.16.
The Canadian dollar closed at an average trading value of 79.44 cents US, up 0.33 of a U.S. cent.
In commodities, the February crude contract was up 20 cents to US$59.84 per barrel and the February natural gas contract added 18 cents to US$2.91 per mmBTU.
The February gold contract gained $5.80 to US$1,297.20 an ounce and the March copper contract was up two cents to US$3.31 a pound.
The post Toronto stock index sets 2nd straight record high, Canadian dollar rises appeared first on Canadian Business – Your Source For Business News.
Where Wall Street Meets Broadway
– online.wsj.com
‘Wait Till the Sun Shines, Nellie,’ sing the stock traders.
National PostFiery nighttime blaze kills 15 at rooftop Mumbai restaurantNational PostIn this image made from video, a building is on fire in Mumbai, India, early Friday, Dec. 29, 2017. A number of people were killed and many more injured in a fire that broke out in a restaurant in Mumbai, India's financial and entertainment capital …Huge fire at Mumbai restaurant kills at least 14Digital JournalLive updates: 14 killed, 21 injured in fire at Mumbai's Kamala MillsEconomic TimesKamala Mills compound fire in Mumbai kills 14: Blaze latest in city incidents caused by safety norm violationsFirstpostLivemint -Business Today -Eyewitness News -News18all 343 news articles »
Sobey families consolidate Empire voting shares into single holding company
– canadianbusiness.com
STELLARTON, N.S. _ The three branches of the Sobey family that control Canada’s second-largest grocery business have decided to put all of their Class B shares of Empire Co. Ltd. into a single holding company.
The president of the new holding company, Stewart Mahoney, says the three families believe the new governance structure will be a better way to administer their interests in Empire _ the publicly traded parent of Sobeys Inc.
The business traces its history to 1907, when John William (J.W.) Sobey started a meat delivery business with a horse-drawn cart in Stellarton, N.S.
Empire Co. Ltd. was incorporated in February 1963 and has grown to about $24 billion of annual sales in fiscal 2017, mostly from its national network of grocery stores under various banners.
The Empire Class B stock was acquired from companies controlled by David F. Sobey, children of the late William Sobey and Donald R. Sobey.
Class B Holdings Ltd. now has 92.66 per cent of Empire’s outstanding voting common shares…
The president of the new holding company, Stewart Mahoney, says the three families believe the new governance structure will be a better way to administer their interests in Empire _ the publicly traded parent of Sobeys Inc.
The business traces its history to 1907, when John William (J.W.) Sobey started a meat delivery business with a horse-drawn cart in Stellarton, N.S.
Empire Co. Ltd. was incorporated in February 1963 and has grown to about $24 billion of annual sales in fiscal 2017, mostly from its national network of grocery stores under various banners.
The Empire Class B stock was acquired from companies controlled by David F. Sobey, children of the late William Sobey and Donald R. Sobey.
Class B Holdings Ltd. now has 92.66 per cent of Empire’s outstanding voting common shares…
Newly minted Manulife CEO Roy Gori veers from alternative assets
– theglobeandmail.com
Mr. Gori has decided to lessen Manulife’s dependence on alternative assets, such as timberland, agricultural crops and oil and gas wells