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Fallout from Trump-Musk Feud Comes Into Focus - WSJ + MORE Jun 6th
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Google didn't think its Bard AI was 'really ready' for a product yet, says Alphabet chairman, days after the chatbot's very public mistake tanked the company's stock - Yahoo Canada Finance Feb 14th
Google didn't think its Bard AI was 'really ready' for a product yet, says Alphabet chairman, days after the chatbot's very public mistake tanked the company's stock Yahoo Canada FinanceAlphabet Chairman John Hennessy explains why Google was hesitant to put out its ChatGPT competitor .... More »
Websites share Toronto home data after court rules sale prices can't be kept secret + MORE Dec 6th
Some websites already have selling prices posted for Toronto homes after a legal ruling saying the Toronto Real Estate Board has no right to keep sold prices secret. But real estate agencies are being cautious..... More »
The number of Canadian millionaires will jump by more than half in the next five years: Credit Suisse Oct 21st
The number of millionaires in Canada will jump by more than half in the next five years, a faster growth rate than other developed countries like the U.S., according to a new wealth report from banking giant Credit Suisse..... More »
From the C-suite of Nicky Senyard and Alana Levine: Letting go of money’s power, the worst advice and more + MORE Jul 5th
Even if you don’t recognize the company by name, you’ve likely used Fintel Connect’s services. As a marketing company for the financial industry, it tracks links and applications for things like credit cards, as well as social media and influencer marketing. CEO Nicky Senyard (above, right) fo.... More »
Home Capital taps $1B from credit line as customers pull deposits
– canadianbusiness.com
Home Capital says it expects to receive an initial $1 billion on Monday from the $2 billion credit line it was provided last week as more customers pulled their savings out of the struggling mortgage lender.
Shares of the Toronto-based lender tumbled last week following allegations from Ontario’s securities watchdog that it misled investors, accusations it says are without merit and has promised to defend itself against. The news spurred many savers to withdraw their deposits, which Home Capital uses to fund its lending.
The stock tumbled another 20.77 per cent, or $1.67, shortly after the Toronto Stock Exchange opened Monday and was trading at $6.37.
Home Capital (TSX:HCG) says it expects the total amount in its high-interest savings accounts will dwindle to about $391 million by the end of Monday, a decline of about $1 billion from a week ago.
It also says the balance of total guaranteed investment certificates has fallen to $12.86 billion as of Friday, down from $13.01 billion as of last Monday…
Shares of the Toronto-based lender tumbled last week following allegations from Ontario’s securities watchdog that it misled investors, accusations it says are without merit and has promised to defend itself against. The news spurred many savers to withdraw their deposits, which Home Capital uses to fund its lending.
The stock tumbled another 20.77 per cent, or $1.67, shortly after the Toronto Stock Exchange opened Monday and was trading at $6.37.
Home Capital (TSX:HCG) says it expects the total amount in its high-interest savings accounts will dwindle to about $391 million by the end of Monday, a decline of about $1 billion from a week ago.
It also says the balance of total guaranteed investment certificates has fallen to $12.86 billion as of Friday, down from $13.01 billion as of last Monday…
Is Home Capital stock a buying opportunity?
– theglobeandmail.com
The struggling stock is attracting a group of investors who see healthy returns in the future
Valeant shares get lift after it pays down extra US$220 million from asset sales
– canadianbusiness.com
Valeant Pharmaceuticals shares got a lift Monday after the drugmaker announced it had trimmed its hefty debt by an extra US$220 million.
On the Toronto Stock Exchange, the Quebec-based company’s shares (TSX:VRX) gained almost five per cent at $13.27 in morning trading, though that’s still far off its peak of nearly $350 in August 2015.
The company says it was able to cut its debt thanks to the early closing of the sale of three skincare brands to L’Oreal and the sale of a manufacturing facility in Brazil.
Since the first quarter of 2016, Valeant says it has reduced its debt by about US$3.6 billion to around US$30 billion.
It has set a goal of paying down US$5 billion in debt by February 2018 from asset sales and earnings.
The company holds its annual meeting Tuesday in Laval, Que., with first-quarter results to be reported a week later.
The post Valeant shares get lift after it pays down extra US$220 million from asset sales appeared first on Canadian Business – Your Source For Business News.
On the Toronto Stock Exchange, the Quebec-based company’s shares (TSX:VRX) gained almost five per cent at $13.27 in morning trading, though that’s still far off its peak of nearly $350 in August 2015.
The company says it was able to cut its debt thanks to the early closing of the sale of three skincare brands to L’Oreal and the sale of a manufacturing facility in Brazil.
Since the first quarter of 2016, Valeant says it has reduced its debt by about US$3.6 billion to around US$30 billion.
It has set a goal of paying down US$5 billion in debt by February 2018 from asset sales and earnings.
The company holds its annual meeting Tuesday in Laval, Que., with first-quarter results to be reported a week later.
The post Valeant shares get lift after it pays down extra US$220 million from asset sales appeared first on Canadian Business – Your Source For Business News.
Have a Home Capital mortgage? Here's what you need to know
– theglobeandmail.com
Uncertainty breeds fear, so it’s time to look at some of the major concerns following the parent company’s stock price drop
CBC.caThis is what Toronto's downtown looked like during an electrical fireCBC.caThe subway grates rattled and the sky filled with black, brown and purple smoke as a series of explosions shook King Street West Monday afternoon. Explosion. Crews were able to contain the fire within about an hour, Platoon Chief Kevin Shaw told CBC …RBC building evacuated after hydro vault fire causes explosion, closes King Street in financial districtCP24 Toronto’s Breaking NewsBlasts in Toronto's financial district caused by hydro vault fire, police sayThe Globe and MailExplosions beneath grate on sidewalk shut down busy stretch of Toronto's financial districtNational PostToronto Sun -Globalnews.ca -680 News -London Free Pressall 59 news articles »
