There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
EU Council head Tusk urges G-7 leaders to keep up sanctions against Russia for Ukraine + MORE Jun 7th
ELMAU, Germany – European Union President Donald Tusk is urging leaders at the Group of Seven summit to present a united front on maintaining sanctions against Russia for its actions in Ukraine.
Tusk, a former Polish prime minister, says the only question is whether to make the sanctions even .... More »
Canada Post had $193M operating loss in 2013 + MORE May 5th
The Canada Post Group of companies had an operating loss of $193 million in 2013, with the sale of its Vancouver sorting station and other real estate helping to offset losses on mail delivery..... More »
Wealthsimple launches investment portfolio for observant Muslims + MORE Aug 24th
Robo-adviser Wealthsimple has launched a new investment portfolio for observant Muslims, a move the company says builds off its success targeting smaller, underserviced groups of investors.
The Toronto-based wealth management firm says its Halal investing portfolio is designed for those adhering to .... More »
Tim Hortons sees slow sales for 5th straight quarter amid franchisee dispute + MORE Feb 12th
Tim Hortons restaurants recorded a fifth consecutive quarter of sluggish sales, while its parent company Restaurant Brands International Inc. outperformed analyst expectations on profit for its fourth quarter.
The sales slowdown comes as about half of the company’s Canadian Tim Hortons franchi.... More »
Jared Kushner and Ivanka Trump made at least $82 million in 2017, documents show - Toronto Star Jun 12th
Toronto StarJared Kushner and Ivanka Trump made at least $82 million in 2017, documents showToronto StarIvanka Trump and Jared Kushner, the president's daughter and son-in-law, brought in at least $82 million in outside income while serving as senior White House advisers during 2017, according .... More »
Regulators take over small bank in Oklahoma in 2nd bank failure of 2014
– canadianbusiness.com
WASHINGTON – Regulators have closed a small lender in Oklahoma, the second U.S. bank failure of 2014 after 24 closures last year.
The Federal Deposit Insurance Corp. said Friday that it has taken over The Bank of Union. BancFirst, based in Oklahoma City, has agreed to assume Bank of Union’s deposits and to buy $225.5 million of the failed bank’s assets.
Bank of Union has one branch in Oklahoma City and another one about 30 miles away in El Reno, Okla. It had $331.4 million in assets and $328.8 million in deposits as of Sept. 30.
The FDIC will keep the remaining assets to try to sell later.
The bank’s failure is expected to cost the deposit insurance fund $70 million.
The post Regulators take over small bank in Oklahoma in 2nd bank failure of 2014 appeared first on Canadian Business.
The Federal Deposit Insurance Corp. said Friday that it has taken over The Bank of Union. BancFirst, based in Oklahoma City, has agreed to assume Bank of Union’s deposits and to buy $225.5 million of the failed bank’s assets.
Bank of Union has one branch in Oklahoma City and another one about 30 miles away in El Reno, Okla. It had $331.4 million in assets and $328.8 million in deposits as of Sept. 30.
The FDIC will keep the remaining assets to try to sell later.
The bank’s failure is expected to cost the deposit insurance fund $70 million.
The post Regulators take over small bank in Oklahoma in 2nd bank failure of 2014 appeared first on Canadian Business.
The close: TSX suffers worst day in months, Dow dives 318 points
– theglobeandmail.com
U.S. stocks dropped for a second day on Friday and the S&P 500 posted its worst week since June 2012 as a selloff in emerging market assets fed through to wholesale pullbacks in equities.
Microsoft, Chipotle, Starbucks and Procter & Gamble are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
International Game Technology, down $2.61 to $15.04
Lacklustre regional gambling revenue and increased competition pressured first-quarter earnings at the gambling equipment company.
Chipotle Mexican Grill Inc., down $10.97 to $492.48
The high-flying Mexican food chain gets a downgrade from Wedbush on valuation after the shares rose almost 80 per cent in 2013.
The Procter & Gamble Co., up 94 cents to $79.18
The consumer products maker is undergoing a revamp and its quarterly profit fell 16 per cent, but adjusted results topped expectations.
Kansas City Southern, down $17.79 to $99.49
The railraod’s coal volume shipments hit their lowest level in seven years as utilities shift to cheaper and cleaner natural gas.
Nasdaq
Starbucks Corp., up $1.59 to $74.98
Falling prices for coffee beans and rising comparable stores sales around the globe pushed quarterly profits up 25 per cent…
NYSE
International Game Technology, down $2.61 to $15.04
Lacklustre regional gambling revenue and increased competition pressured first-quarter earnings at the gambling equipment company.
Chipotle Mexican Grill Inc., down $10.97 to $492.48
The high-flying Mexican food chain gets a downgrade from Wedbush on valuation after the shares rose almost 80 per cent in 2013.
The Procter & Gamble Co., up 94 cents to $79.18
The consumer products maker is undergoing a revamp and its quarterly profit fell 16 per cent, but adjusted results topped expectations.
Kansas City Southern, down $17.79 to $99.49
The railraod’s coal volume shipments hit their lowest level in seven years as utilities shift to cheaper and cleaner natural gas.
Nasdaq
Starbucks Corp., up $1.59 to $74.98
Falling prices for coffee beans and rising comparable stores sales around the globe pushed quarterly profits up 25 per cent…
Mexico draws over $7-billion in foreign investment at Davos
– theglobeandmail.com
PepsiCo, Nestlé, Cisco announce major investments
Sirius XM hires financial, legal advisers to consult on Liberty bid for all of radio company
– canadianbusiness.com
NEW YORK, N.Y. – Sirius XM says it has hired financial and legal advisers to help it evaluate Liberty Media’s bid to buy all of the satellite radio provider.
Liberty Media Corp., an Englewood, Colo., company controlled by billionaire John Malone, already owns more than half of the New York-based company’s shares. It is trying to gain control of the rest of Sirius XM Holdings Inc. in a stock deal that valued Sirius XM at about $23 billion when it was announced earlier this month.
Sirius XM formed a special committee to consider the offer and said Friday that it has hired Evercore Group L.L.C. as a financial adviser and Weil Gotshal & Manges LLP as a legal adviser.
The post Sirius XM hires financial, legal advisers to consult on Liberty bid for all of radio company appeared first on Canadian Business.
Liberty Media Corp., an Englewood, Colo., company controlled by billionaire John Malone, already owns more than half of the New York-based company’s shares. It is trying to gain control of the rest of Sirius XM Holdings Inc. in a stock deal that valued Sirius XM at about $23 billion when it was announced earlier this month.
Sirius XM formed a special committee to consider the offer and said Friday that it has hired Evercore Group L.L.C. as a financial adviser and Weil Gotshal & Manges LLP as a legal adviser.
The post Sirius XM hires financial, legal advisers to consult on Liberty bid for all of radio company appeared first on Canadian Business.
