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With thousands of N.W.T. evacuees in Alberta, local experts fear impact of toxic drug crisis - CBC News Aug 21st
With thousands of N.W.T. evacuees in Alberta, local experts fear impact of toxic drug crisis CBC NewsB.C. travel restrictions for Okanagan area due to wildfires: province CityNewsWhere N.W.T. evacuees can get financial support CBC.caUnited Way NWT distributes $715K t.... More »
The top crypto platforms and apps in Canada 2022 + MORE Jul 19th
If you’re thinking about investing in cryptocurrencies such as bitcoin, ethereum or cardano, choosing a crypto trading platform will likely be one of the first steps. Canada has several home-grown platforms that cater to beginner investors and experienced traders alike. At first glance, they might.... More »
Are ETFs a good investment for an all-weather portfolio? + MORE Feb 2nd
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investments—suffered losses in 2022, as central banks hiked interest rates. Meanwhile, stocks look determine.... More »
Six simple ways to get the maximum price from your real estate sale Feb 15th
Get it fixed, get it clean, and get out, Lesley-Anne Scorgie advises..... More »
How to prepare for life as a single-income family + MORE Jun 30th
Zena Amundsen didn’t realize how tight finances could be for a single-income household after she and her husband welcomed their first baby. She quickly had to learn to keep track of every dollar, recalled Amundsen, a Regina-based certified financial planner at Astra Financial Services.
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Spotify wins more fans in Wall Steet debut as stock surges
– canadianbusiness.com
SAN FRANCISCO _ Spotify picked up more fans on Wall Street on Tuesday as investors gave the unprofitable company a warm welcome in its stock market debut.
After several hours of anticipation, Spotify’s shares traded as high as $169 before falling back slightly. By the early afternoon, the stock was still hovering around $155 _ well above its previous high of $132.50 in deals worked out during Spotify’s 12-year history as a privately held company.
The stock market’s rousing reception left Spotify with a market value of about $29 billion, according to FactSet. By comparison, internet radio station Pandora Media’s market value stands at $1.2 billion nearly seven years after that company went public.
The good vibes surrounding Spotify stem from its early lead in music streaming _ a still-evolving field trying to hook people on the idea that it’s better to subscribe for online access to millions of tunes than to buy individual albums and singles.
Spotify has struck a chord with 71 million worldwide subscribers so far and is aiming to increase that number to as many as 96 million subscribers by the end of the year…
After several hours of anticipation, Spotify’s shares traded as high as $169 before falling back slightly. By the early afternoon, the stock was still hovering around $155 _ well above its previous high of $132.50 in deals worked out during Spotify’s 12-year history as a privately held company.
The stock market’s rousing reception left Spotify with a market value of about $29 billion, according to FactSet. By comparison, internet radio station Pandora Media’s market value stands at $1.2 billion nearly seven years after that company went public.
The good vibes surrounding Spotify stem from its early lead in music streaming _ a still-evolving field trying to hook people on the idea that it’s better to subscribe for online access to millions of tunes than to buy individual albums and singles.
Spotify has struck a chord with 71 million worldwide subscribers so far and is aiming to increase that number to as many as 96 million subscribers by the end of the year…
Ontario Teachers’ Pension Plan undeterred by uncertainty over tariffs: CEO
– canadianbusiness.com
TORONTO _ Ontario Teachers’ Pension Plan is closely monitoring the potential for higher tariffs to slow the global economy, but it thinks that “cooler heads are going to prevail” before that happens, OTPP chief executive Ron Mock said Tuesday.
Ontario Teachers’ core portfolio is well-diversified and in good shape to deal with unexpected developments, having ended 2017 with 9.7 per cent return on investment and a fifth consecutive annual surplus, Mock said.
Referring specifically to the ongoing NAFTA talks between Canada, the United States and Mexico and the recent exchange of tariff threats between the United States and China, Mock said there’s a lot of “noise” in the news.
“While there’s a lot of blustering and negotiating that’s going on, we’re firmly convinced that cooler heads are going to prevail as we roll forward,” Mock said on a conference call with reporters.
If that doesn’t happen and there’s higher taxation on trade in the form of tariffs, there could be an economic slowdown that would cause central banks to take actions such as lowering interest rates…
Ontario Teachers’ core portfolio is well-diversified and in good shape to deal with unexpected developments, having ended 2017 with 9.7 per cent return on investment and a fifth consecutive annual surplus, Mock said.
Referring specifically to the ongoing NAFTA talks between Canada, the United States and Mexico and the recent exchange of tariff threats between the United States and China, Mock said there’s a lot of “noise” in the news.
“While there’s a lot of blustering and negotiating that’s going on, we’re firmly convinced that cooler heads are going to prevail as we roll forward,” Mock said on a conference call with reporters.
If that doesn’t happen and there’s higher taxation on trade in the form of tariffs, there could be an economic slowdown that would cause central banks to take actions such as lowering interest rates…
Some DavidsTea shareholders express ‘serious concerns’ over board nominees
– canadianbusiness.com
MONTREAL _ Some DavidsTea Inc. shareholders are pushing back against a turnaround plan and new board of directors proposed by a large shareholder group controlled by its co-founder, Herschel Segal.
A joint letter to the tea chain’s board from Porchlight Equity Management LLC, TDM Asset Management PTY Ltd. and Edgepoint Wealth Management Inc. says they have “serious concerns” with Rainy Day Investments Ltd.’s proposal.
RDI, which says it owns 46 per cent of the chain’s issued and outstanding shares, submitted a slate of director nominees for DavidsTea to consider, including Segal and Lorenzo Salvaggio, another former director.
The shareholder group also says it no longer plans to propose an offer to buy out minority shareholders, but believes its proposed board can turn around the struggling retailer.
The letter says Segal should not be allowed to reconstitute the board with handpicked nominees without consulting the board or other shareholders.
It claims several of Segal’s nominees do not appear to have appropriate qualifications for the job and questions the independence of the proposed slate…
A joint letter to the tea chain’s board from Porchlight Equity Management LLC, TDM Asset Management PTY Ltd. and Edgepoint Wealth Management Inc. says they have “serious concerns” with Rainy Day Investments Ltd.’s proposal.
RDI, which says it owns 46 per cent of the chain’s issued and outstanding shares, submitted a slate of director nominees for DavidsTea to consider, including Segal and Lorenzo Salvaggio, another former director.
The shareholder group also says it no longer plans to propose an offer to buy out minority shareholders, but believes its proposed board can turn around the struggling retailer.
The letter says Segal should not be allowed to reconstitute the board with handpicked nominees without consulting the board or other shareholders.
It claims several of Segal’s nominees do not appear to have appropriate qualifications for the job and questions the independence of the proposed slate…
