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Brexit turmoil worrying British business leaders - The Globe and Mail Nov 15th
The Globe and MailBrexit turmoil worrying British business leadersThe Globe and MailBusiness leaders expressed alarm on Thursday as a draft Brexit agreement seen as the only chance of preserving some stability in UK-EU trading relations threatened to unravel, sending stock prices and the pound plung.... More »
Make your purchases count with credit card rewards + MORE Apr 29th
If you’ve been using the same no-annual-fee credit card for years, you could be missing out on a wealth of rewards. Credit cards with rich rewards programs often charge a higher annual fee, but if you shop around, you can find one of those rare cards that offers both great perks and a $0 annual fe.... More »
John and Jill pay just $1,400 a month rent in Toronto. Should they buy a home or keep on saving? May 14th
The home you live in should is not an ‘investment’ says financial expert Jason Heath. So paying such low rent in Toronto, the couple should consider staying put and socking away more cash..... More »
Business Highlights + MORE Sep 13th
Wells Fargo cutting sales goals in wake of $185 million fine
NEW YORK (AP) — Wells Fargo will cut its aggressive product sales goals for retail bankers, as it faces $185 million in fines and a damaged reputation after allegations that it opened millions of unauthorized accounts to meet those targe.... More »
The antidote for pedestrian market returns, the truth about Amazon, and why the TSX is set to outperform + MORE Aug 15th
A roundup of investment ideas for active investors
.... More »
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Five things to watch this week in Canadian business:
Take a break: Fretting about returning to work Monday? Relax. It’s a holiday for most Canadians, including Bay Street traders. The Toronto Stock Exchange is closed.
Real estate tax: As of Tuesday, foreigners buying property in Vancouver will have to pay a 15 per cent tax. The B.C. government introduced the levy in an effort to cool down the city’s torrid real estate market — two months after saying it wasn’t in favour of it out of concerns it would deter investment from Asia. Concerns are now rising that foreign capital will migrate elsewhere, including Toronto.
Earnings, earnings, earnings: It’s another big week for earnings. Quarterly results are due from numerous corporate giants, including Molson, Saputo, Quebecor, SNC-Lavalin and Canadian Tire.
Bombardier: The Montreal-based manufacturer of planes and trains releases its second-quarter results Friday. Bombardier, which has been the focus of much public attention as it makes a push to sell its CSeries passenger jets, is still awaiting response from Ottawa for its request for federal funding…
Take a break: Fretting about returning to work Monday? Relax. It’s a holiday for most Canadians, including Bay Street traders. The Toronto Stock Exchange is closed.
Real estate tax: As of Tuesday, foreigners buying property in Vancouver will have to pay a 15 per cent tax. The B.C. government introduced the levy in an effort to cool down the city’s torrid real estate market — two months after saying it wasn’t in favour of it out of concerns it would deter investment from Asia. Concerns are now rising that foreign capital will migrate elsewhere, including Toronto.
Earnings, earnings, earnings: It’s another big week for earnings. Quarterly results are due from numerous corporate giants, including Molson, Saputo, Quebecor, SNC-Lavalin and Canadian Tire.
Bombardier: The Montreal-based manufacturer of planes and trains releases its second-quarter results Friday. Bombardier, which has been the focus of much public attention as it makes a push to sell its CSeries passenger jets, is still awaiting response from Ottawa for its request for federal funding…
Initial public offerings scheduled to debut next week
– canadianbusiness.com
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of Aug. 1:
At Home Group – Plano, Texas, 8.7 million shares, priced $14-$16, managed by BofA/Merrill Lynch/Goldman Sachs/Jefferies. Proposed NYSE symbol HOME. Business: Operates 115 home décor stores in the South and Midwest.
First Hawaiian – Honolulu, Hawaii, 21 million shares, priced $21-$23, managed by Goldman Sachs/BofA/Merrill Lynch/BNP Paribas. Proposed Nasdaq FHB. Business: Hawaii-based spin-off from BNP with 62 branches and $19 billion in assets.
Motif Bio – New York, 2.8 million shares, priced $12.42-$21.42, managed by SunTrust/Robinson Humphrey Ladenburg Thalmann & Co. Proposed Nasdaq symbol FHB. Business: Late-stage biotech developing antibiotics for multi-drug resistant bacteria.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
Week of Aug. 1:
At Home Group – Plano, Texas, 8.7 million shares, priced $14-$16, managed by BofA/Merrill Lynch/Goldman Sachs/Jefferies. Proposed NYSE symbol HOME. Business: Operates 115 home décor stores in the South and Midwest.
First Hawaiian – Honolulu, Hawaii, 21 million shares, priced $21-$23, managed by Goldman Sachs/BofA/Merrill Lynch/BNP Paribas. Proposed Nasdaq FHB. Business: Hawaii-based spin-off from BNP with 62 branches and $19 billion in assets.
Motif Bio – New York, 2.8 million shares, priced $12.42-$21.42, managed by SunTrust/Robinson Humphrey Ladenburg Thalmann & Co. Proposed Nasdaq symbol FHB. Business: Late-stage biotech developing antibiotics for multi-drug resistant bacteria.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
TREB wins extension days before deadline to publish home sales data online
– canadianbusiness.com
TORONTO – A Federal Court judge has decided the Toronto Real Estate Board doesn’t have to comply with a Competition Tribunal ruling that would allow its realtor members to post home-sales data online — for now.
Judge Mary J.L. Gleason made the order on Wednesday, days before TREB’s Aug. 3 deadline to make sales figures, pending sales and broker commissions more widely available.
Several realtors have said the data release would enable consumers to be better informed and make better choices when buying or selling a home.
Gleason said TREB shouldn’t have to change its practices until the court can hear its pending motion for a longer-term stay, one that would remain in effect until a ruling on the board’s appeal of the Competition Tribunal’s ruling.
TREB spokeswoman Mary Gallagher said in an email that this temporary stay provides it with breathing room until its motion can be heard.
It’s unclear when Gleason will make a decision on the longer-term stay…
Judge Mary J.L. Gleason made the order on Wednesday, days before TREB’s Aug. 3 deadline to make sales figures, pending sales and broker commissions more widely available.
Several realtors have said the data release would enable consumers to be better informed and make better choices when buying or selling a home.
Gleason said TREB shouldn’t have to change its practices until the court can hear its pending motion for a longer-term stay, one that would remain in effect until a ruling on the board’s appeal of the Competition Tribunal’s ruling.
TREB spokeswoman Mary Gallagher said in an email that this temporary stay provides it with breathing room until its motion can be heard.
It’s unclear when Gleason will make a decision on the longer-term stay…
Weekend Reading – Bad products, financial goals, $3.5 million and $2 cars, and more
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Welcome to some Weekend Reading – some August Long Weekend Reading at that. Here are the articles I shared this week:
Balancing YOLO (You Only Live Once) and Saving for Tomorrow
An overview of the Canada Child Benefit (CCB) program.
Have a great, safe weekend and see you next week.
Here’s a good summary of mortgage life insurance – and why it’s a bad product.
A reminder to please vote for yours truly at the Plutus Awards!
Dallas Cowboys running back Alfred Morris just signed a $3.5 million dollar deal, but drives a car he bought for $2. He calls it “Bentley”.
Rob Carrick said the only way to fail proof your financial goals is to save more money. Spending less is a consideration as well. Working longer is yet another.
Million Dollar Journey listed some dividend kings. I also own a few companies in this list.
BlackRock warned investors expect lower returns for your financial future.
Michael James on Money believes banks aren’t always the investing experts…
Welcome to some Weekend Reading – some August Long Weekend Reading at that. Here are the articles I shared this week:
Balancing YOLO (You Only Live Once) and Saving for Tomorrow
An overview of the Canada Child Benefit (CCB) program.
Have a great, safe weekend and see you next week.
Here’s a good summary of mortgage life insurance – and why it’s a bad product.
A reminder to please vote for yours truly at the Plutus Awards!
Dallas Cowboys running back Alfred Morris just signed a $3.5 million dollar deal, but drives a car he bought for $2. He calls it “Bentley”.
Rob Carrick said the only way to fail proof your financial goals is to save more money. Spending less is a consideration as well. Working longer is yet another.
Million Dollar Journey listed some dividend kings. I also own a few companies in this list.
BlackRock warned investors expect lower returns for your financial future.
Michael James on Money believes banks aren’t always the investing experts…
Enbridge says the Fort McMurray wildfire catastrophe was a significant reason for a decline in its second-quarter earnings, which were down 47 per cent from the same time last year.
