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Yahoo CEO could reap $44 million if she leaves after sale Sep 10th
SAN FRANCISCO – Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.
Mayer hasn’t announced plans to leave, but industry observers say she’s unlikely to stay after the $4.8 .... More »
Why Petronas cancelled its massive B.C. LNG project + MORE Jul 31st
(iStock)
This week, Petronas finally announced that it would not proceed with its Pacific Northwest LNG project—part of a proposed $36 billion investment in B.C. natural gas production, processing and shipping. While the project had significant potential when first announced, and Petronas signalle.... More »
Best Financial Advice for New Homeowners Sep 25th
After college expenses, choosing to purchase a home of any kind is the second largest expense you are likely to take on. The whole process, while intricate, doesn’t have to be complicated. However, it pays to be prepared. By taking the time to plan now and sticking to that plan, you could save.... More »
New active U.S. ETFs for Canadian investors—are these funds worth your money? May 1st
Despite U.S. President Donald Trump’s trade wars and tariffs on key partners, including Canada, the U.S. asset management industry continues to view Canadian investors as an attractive market for actively managed exchange-traded funds (ETFs).
In October 2024, Capital Group, best known for manag.... More »
Tips & Tricks for Investing After Losing Your Job Due to an Injury + MORE Jul 16th
You are home and laid up after a work accident, and expect that you will be so for a while. You’ve always been intrigued by investing and are wondering how you can learn how to invest, now that you have some downtime to look into it. Thankfully, your workers’ compensation is paying and you have .... More »
Toronto stock index takes a pause after five sessions of advances, loonie rises
– canadianbusiness.com
TORONTO – The Toronto Stock Exchange has taken a pause this morning following several days of gains.
The S&P/TSX composite index was down 19.32 points at 14,781.91 after nearly two hours of trading.
The index had risen for five sessions going back to last Wednesday.
The Dow Jones industrial average was down 43.52 points at 18,489.53, the broader S&P 500 composite index declined 7.0 points to 2,174.74 and the Nasdaq composite lost 26.63 points to 5,198.86.
The Canadian dollar was at 76.50 cents US, up 0.30 of a cent from Tuesday’s close.
The September crude contract was down 65 cents at US$42.12 per barrel and September natural gas was down three cents at US$2.59 per mmBTU.
The December gold contract rose $4.10 to US$1,350.80 an ounce, while September copper contracts rose two cents to US$2.18 a pound.
The post Toronto stock index takes a pause after five sessions of advances, loonie rises appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index was down 19.32 points at 14,781.91 after nearly two hours of trading.
The index had risen for five sessions going back to last Wednesday.
The Dow Jones industrial average was down 43.52 points at 18,489.53, the broader S&P 500 composite index declined 7.0 points to 2,174.74 and the Nasdaq composite lost 26.63 points to 5,198.86.
The Canadian dollar was at 76.50 cents US, up 0.30 of a cent from Tuesday’s close.
The September crude contract was down 65 cents at US$42.12 per barrel and September natural gas was down three cents at US$2.59 per mmBTU.
The December gold contract rose $4.10 to US$1,350.80 an ounce, while September copper contracts rose two cents to US$2.18 a pound.
The post Toronto stock index takes a pause after five sessions of advances, loonie rises appeared first on Canadian Business – Your Source For Business News.
From Wall Street to Sing Sing
– online.wsj.com
The Bernie Madoff of his time, Richard Whitney had tasted glory in 1930 as the youngest president ever of the New York Stock Exchange.Surviving baby’s first year
– moneysense.ca
(Photograph by Roberto Caruso)When Jacqueline Misshula went on maternity leave last September, the Toronto-based human resources manager had the typical concerns of most first-time parents. Could she handle the constant feedings, non-stop diaper changes, serious lack of shut-eye—and would there be enough money?
This financial worry is hardly trivial. By our own previous estimates at MoneySense, raising a child in Canada will set you back a whopping $243,660, or more than $12,825 a year, if you include everything from toddler-friendly Goldfish crackers to swishy shoes for high school graduation. But it’s that first year, when parents are juggling big-ticket baby expenses with slashed parental leave income, that creates a perfect storm for anxiety and debt.
“It’s definitely challenging,” says Misshula, now more than halfway through her leave. “We’ve had to make changes to our lifestyle in order to be able to still live in the city and maintain some normalcy.”
As Misshula herself has learned, there are indeed tips, tricks and hacks that can help new parents and parents-to-be survive the cash crunch of the first 12 months…
Almere Poort, The Netherlands. (Adrienne Norman)Many Western countries, Canada, the U.S. and Britain among them, are currently facing a housing crisis when it comes to middle- to low-income residents. A combination of soaring real estate values, high rents, stagnant wages and a premium on urban space have conspired in recent years to make it difficult for regular working people to acquire stable, affordable family housing. It seems the Dutch—known for their industriousness as well as their love of cycling and social liberalism—may have hit upon a surprising solution in the form of radical DIY.
After the devastating financial effects of the 2008 market crash shut down property development in the Netherlands, the Dutch government decided to encourage the notion of self-built housing—i.e. new homes, often constructed in large-scale developments, but financed and customized by private individuals (not developers) with help from government stimulus schemes. While the Canadian and British governments offer first-time buyers certain advantages and incentives (for instance, the right to borrow against any RRSPs in Canada), the Dutch government has, for nearly the past decade, heavily subsidized private investment in new housing projects for middle- to low-income buyers…
Bombardier to sustain 1,000 jobs with $1.7-billion British railway contract
– canadianbusiness.com
MONTREAL – Bombardier’s railway division has won a $1.7-billion order to build 660 railway cars that will secure 1,000 jobs at its Derby facility in England.
Britain’s Department for Transport says the contract is part of a broader effort to improve service in the region of East Anglia, and described it as the country’s biggest railway investment since the Victorian era.
Bombardier (TSX:BBD.B) says the order for the electric Aventra railway cars will sustain 1,000 assembly, engineering and other jobs at the Derby facility for the duration of the contract, which still has to be finalized.
The faster Aventra trains are expected to cut journey times by an average of 10 per cent, and will hold more seats and offer free Wi-Fi to all passengers.
Swiss manufacturer Stadler Rail will provide the remaining 383 cars in the 1,043 order.
Delivery of the new carriages will begin in January 2019.
The post Bombardier to sustain 1,000 jobs with $1.7-billion British railway contract appeared first on Canadian Business – Your Source For Business News.
Britain’s Department for Transport says the contract is part of a broader effort to improve service in the region of East Anglia, and described it as the country’s biggest railway investment since the Victorian era.
Bombardier (TSX:BBD.B) says the order for the electric Aventra railway cars will sustain 1,000 assembly, engineering and other jobs at the Derby facility for the duration of the contract, which still has to be finalized.
The faster Aventra trains are expected to cut journey times by an average of 10 per cent, and will hold more seats and offer free Wi-Fi to all passengers.
Swiss manufacturer Stadler Rail will provide the remaining 383 cars in the 1,043 order.
Delivery of the new carriages will begin in January 2019.
The post Bombardier to sustain 1,000 jobs with $1.7-billion British railway contract appeared first on Canadian Business – Your Source For Business News.
