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S&P 500 Futures Rise After Worst U.S. Stock Selloff Since March - Yahoo Canada Finance Jun 12th
S&P 500 Futures Rise After Worst U.S. Stock Selloff Since March Yahoo Canada FinanceDow drops 1,800 points — its worst day since March — as U.S. coronavirus cases rise Globalnews.caS&P 500: Futures trying to heal the pain of Wall Street traders despite a little hope.... More »
Has Trudeau reached a tipping point? A new poll shows his support slipping. + MORE Mar 7th
Justin Trudeau returned from India with some new investment agreements, an embarrassing diplomatic incident to sort out, and according to a new poll, less support from voters.
In the latest edition of Abacus Data’s regular survey, 36 per cent of committed voters said they’d mark the box beside b.... More »
A complete guide to TFSA accounts in 2022 Jan 31st
In 2009, the federal government introduced Tax-Free Savings Accounts (TFSAs). This account quickly became popular with investors since it was another savings vehicle that allowed people to tax-shelter their money. However, the name is misleading, and many people still don’t understand how TFSA.... More »
Should you buy a vacation property? Aug 25th
The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or extended winter stay for a snowbird.
There are many emotion-driven reason.... More »
Alexei Navalny's wife detained by police at anti-Kremlin protest in Moscow - CBC.ca Jan 23rd
Alexei Navalny's wife detained by police at anti-Kremlin protest in Moscow CBC.caRussia arrests 350 protesters demanding Navalny's release CTV NewsAlexei Navalny releases investigation into Vladimir Putin's wealth Guardian NewsBiden’s predecessors emboldened Putin..... More »
Bombardier signs deal to sell Aventra trains in United Kingdom
– canadianbusiness.com
BERLIN _ Bombardier Transportation (TSX:BBD.B) has signed a deal to supply 333 new rail cars, along with a contract for maintenance work, with a U.K. rail company.
Corelink Rail Infrastructure and West Midlands Trains will receive 333 new Bombardier Aventra vehicles for use on the United Kingdom’s West Midlands Trains franchise.
The rolling stock and maintenance contracts are worth about $928 million Canadian.
Bombardier will produce the electric carriages at its facility in Derby, England, with the new trains expected to be delivered between 2020 and 2022.
Bombardier was named the preferred bidder for the contract in October.
“Our modern Aventra trains will be built in the Midlands for the Midlands, and will transform the travel experience for passengers on the new West Midlands Trains franchise,” said Richard Hunter, the U.K. managing director for Bombardier Transportation.
“This is part of a huge investment happening up and down the country and will make a real difference to passengers,” said Chris Grayling, the U…
Corelink Rail Infrastructure and West Midlands Trains will receive 333 new Bombardier Aventra vehicles for use on the United Kingdom’s West Midlands Trains franchise.
The rolling stock and maintenance contracts are worth about $928 million Canadian.
Bombardier will produce the electric carriages at its facility in Derby, England, with the new trains expected to be delivered between 2020 and 2022.
Bombardier was named the preferred bidder for the contract in October.
“Our modern Aventra trains will be built in the Midlands for the Midlands, and will transform the travel experience for passengers on the new West Midlands Trains franchise,” said Richard Hunter, the U.K. managing director for Bombardier Transportation.
“This is part of a huge investment happening up and down the country and will make a real difference to passengers,” said Chris Grayling, the U…
Tech firms drive office-space crunch in downtown Toronto
– theglobeandmail.com
Demand has been strong for about a decade, but has now outstripped supply, as the tech industry joins financial services firms and other businesses in expanding their operations downtown
In the U.S., tech companies valued over $1 billion are known as “unicorns.” North of the border, they’re narwhals. (Photoillustration by Lauren Cattermole)One of the best-performing tech companies on a U.S. stock exchange over the past two years actually makes its home in Ottawa. Shopify went public in 2015, and shares are up more than fivefold since then.
Canada’s tech ecosystem is in rare form, with companies regularly raising nine-figure amounts from investors, and lots of young firms overcoming early challenges to rapidly grow revenue and head count. But investors and Canadian business boosters may have to wait. “Shopify isn’t just a once-in-a-generation Canadian story—it might be a once-in-a-generation global story,” says Karamdeep Nijjar, a partner at iNovia Capital, a venture capital firm. As retail continues to go digital, the number of online-only businesses will increase, giving the commerce platform a continuously expanding market to serve.
The next significant stock market debut by a Canadian firm could be a while in coming…
Streetwise newsletter: CIBC mulls offering Caribbean subsidiary; MTY strikes $248-million deal for Imvescor
– theglobeandmail.com
Plus: New wealth management firm sets sights on Canada's big banks
MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M
– canadianbusiness.com
MONTREAL _ MTY Food Group Inc. is growing beyond the shopping mall food court with a $248-million stock-and-cash deal to buy Imvescor Restaurant Group Inc. and its full-service restaurant and grocery products businesses.
The friendly deal will bring together such MTY banners as Thai Express, Vanellis and Manchu Wok with Imvescor’s Baton Rouge, Pizza Delight and Scores restaurants to create a company with a portfolio of over 5,700 stores under 75 brands.
Under the deal, MTY (TSX:MTY) will pay $4.10 per share for Imvescor with the cash portion of the deal totalling about $50 million and the rest in stock.
The companies said Tuesday the offer implies a 13.3 per cent premium to Imvescor’s 10-day volume weighted average before it disclosed it had received a non-binding expression of interest from an unidentified potential buyer on Oct. 26.
However, stock in both companies fell after the announcement.
MTY shares were down 5.1 per cent at $51.76 while Imvescor shares fell 3.6 per cent to $4…
The friendly deal will bring together such MTY banners as Thai Express, Vanellis and Manchu Wok with Imvescor’s Baton Rouge, Pizza Delight and Scores restaurants to create a company with a portfolio of over 5,700 stores under 75 brands.
Under the deal, MTY (TSX:MTY) will pay $4.10 per share for Imvescor with the cash portion of the deal totalling about $50 million and the rest in stock.
The companies said Tuesday the offer implies a 13.3 per cent premium to Imvescor’s 10-day volume weighted average before it disclosed it had received a non-binding expression of interest from an unidentified potential buyer on Oct. 26.
However, stock in both companies fell after the announcement.
MTY shares were down 5.1 per cent at $51.76 while Imvescor shares fell 3.6 per cent to $4…
