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Making sense of the markets this week: November 9 + MORE Nov 6th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Did the stock markets predict the U.S. presidential election?
This past week, the headlines were all about the U.S. election, all the time. I’ve seen so many predictions, in.... More »
Why the Haitians Should Stay + MORE Dec 27th
These longstanding residents are valuable assets to the U.S..... More »
AltaGas selling assets in Canada and the U.S. for $560 million Sep 10th
AltaGas says the proceeds from the sales will be used to repay debt related to its acquisition of Washington, D.C.-based energy utility company WGL Holdings, Inc., which closed in July..... More »
Bank of Montreal boosts dividend, reports $1.25B quarterly profit May 30th
The Bank of Montreal joined its peers in delivering second-quarter profits that beat expectations as Canada's Big Five banks earned a collective $10.6 billion — up nearly 11 per cent from a year ago..... More »
Will GIC rates keep going up in 2024? + MORE Dec 22nd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
China working on growth initiative for economy summit
– canadianbusiness.com
BEIJING, China – Chinese officials say Beijing will propose a joint initiative to boost global growth at next month’s meeting of Group of 20 major economies amid rising protectionist sentiment in the United States and Europe.
Finance and foreign affairs officials said Monday the initiative will call for spreading the benefits of economic development, which might shore up political support for free trade.
The Sept. 4-5 meeting in the eastern Chinese city of Hangzhou comes amid an unusually weak global economic recovery and growing popularity of U.S. and European politicians who advocate protection for local industries.
At a news conference, the Chinese officials said Beijing’s G20 initiative will include proposals to strengthen the global financial system and promote technological innovation.
The post China working on growth initiative for economy summit appeared first on Canadian Business – Your Source For Business News.
Finance and foreign affairs officials said Monday the initiative will call for spreading the benefits of economic development, which might shore up political support for free trade.
The Sept. 4-5 meeting in the eastern Chinese city of Hangzhou comes amid an unusually weak global economic recovery and growing popularity of U.S. and European politicians who advocate protection for local industries.
At a news conference, the Chinese officials said Beijing’s G20 initiative will include proposals to strengthen the global financial system and promote technological innovation.
The post China working on growth initiative for economy summit appeared first on Canadian Business – Your Source For Business News.
Swiss Lonza buys US diet supplement supplier InterHealth
– canadianbusiness.com
BERLIN – Pharmaceutical supplier Lonza of Switzerland says it is buying InterHealth Nutraceuticals, Inc., a California-based company that makes ingredients for use in dietary supplements, in a deal worth up to $300 million.
InterHealth, a portfolio company of Kainos Capital, is based in Benicia, California. Lonza said Monday that the deal is expected to close in September and will have an immediate positive impact on its earnings.
Lonza says InterHealth has a range of over 15 branded ingredients and the acquisition will complement its own sports nutrition, weight-loss and pet health offerings among others.
The post Swiss Lonza buys US diet supplement supplier InterHealth appeared first on Canadian Business – Your Source For Business News.
InterHealth, a portfolio company of Kainos Capital, is based in Benicia, California. Lonza said Monday that the deal is expected to close in September and will have an immediate positive impact on its earnings.
Lonza says InterHealth has a range of over 15 branded ingredients and the acquisition will complement its own sports nutrition, weight-loss and pet health offerings among others.
The post Swiss Lonza buys US diet supplement supplier InterHealth appeared first on Canadian Business – Your Source For Business News.
