How to go about securing the best return for your investment in Canada.
Latest News
Average house price fell 11% in past year, CREA says + MORE May 15th
The average price of a Canadian home declined by more than 11 per cent in the 12 months up to April, the Canadian Real Estate Association said Tuesday..... More »
Court to rule Thursday in fight over release of real estate sold figures + MORE Aug 22nd
The Supreme Court of Canada said it will announce on Thursday morning whether it will hear an appeal from the Toronto Real Estate Board that would keep TREB's members from publishing home sales data on their password-protected sites..... More »
How to tell if a company is honest Aug 15th
Despite what you may witness on Twitter, people generally see the good in others, whether that’s their friends, colleagues or the executives running the companies they invest in. We want to believe a business we’re buying into is on the up-and-up, that what they’re saying about their operation.... More »
CRA demands payment on scammed federal benefits — from the victim whose account was hacked - CBC.ca May 22nd
CRA demands payment on scammed federal benefits — from the victim whose account was hacked CBC.caToronto hacking victim 'living a financial nightmare' CBC.caView Full Coverage on Google News.... More »
COVID-19: Should you buy a home now, or wait? Jun 22nd
It almost goes without saying that COVID-19 has had a far-reaching impact on the Canadian economy and healthcare system in the first half of 2020. As expected, the spring housing market was much cooler than 2019, with the Canadian Real Estate Association (CREA) confirming that May 2020 recorded the .... More »
Thermo Fisher Scientific scoops up Affymetrix in $1.3 billion biotechnology equipment deal
– canadianbusiness.com
WALTHAM, Mass. – Thermo Fisher Scientific Inc. is paying $1.3 billion to add Affymetrix Inc. to its biotechnology toolkit.
The deal announced Friday requires Thermo Fisher to pay $14 per share in cash to take over Affymetrix. The price represents a 52 per cent increase from the current value of Affymetrix’s stock, which dipped 13 cents Friday to close at $9.21 before the buyout details were disclosed.
Thermo Fisher is planning to complete the acquisition by the end of June. The Waltham, Massachusetts, company expects Affymetrix to boost its earnings by 10 cents per share during the first year of ownership.
Affymetrix specializes in making equipment to analyze genetic codes. The Santa Clara, California, company employs about 1,100 people and generates annual revenue of about $350 million.
The post Thermo Fisher Scientific scoops up Affymetrix in $1.3 billion biotechnology equipment deal appeared first on Canadian Business – Your Source For Business News.
The deal announced Friday requires Thermo Fisher to pay $14 per share in cash to take over Affymetrix. The price represents a 52 per cent increase from the current value of Affymetrix’s stock, which dipped 13 cents Friday to close at $9.21 before the buyout details were disclosed.
Thermo Fisher is planning to complete the acquisition by the end of June. The Waltham, Massachusetts, company expects Affymetrix to boost its earnings by 10 cents per share during the first year of ownership.
Affymetrix specializes in making equipment to analyze genetic codes. The Santa Clara, California, company employs about 1,100 people and generates annual revenue of about $350 million.
The post Thermo Fisher Scientific scoops up Affymetrix in $1.3 billion biotechnology equipment deal appeared first on Canadian Business – Your Source For Business News.
Gap, Container Store, Time Warner make big stock market moves
– 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
The Container Store Group Inc., down $2.96 to $4.22
The storage products retailer reported a surprise third-quarter loss and disappointing sales.
Gap Inc., down $3.83 to $22.91
The retailer’s sales slumped in December deeper than analysts expected. The sluggishness included its Old Navy brand, which had been a bright spot for Gap.
Ford Motor Co., down 16 cents to $12.54
The automaker said it sold 1.1 million vehicles in China last year, a record. It also set a record in monthly December with almost 125,000 vehicles sold.
Synergy Resources Corp., down 58 cents to $6.58
The oil and gas company’s fiscal first-quarter results fell short of analyst projections.
Time Warner Inc., up 97 cents to $71.17
The company said it renewed the contract of CEO Jeff Bewkes for three more years.
American Eagle Outfitters Inc., down $2.64 to $13.24
The teen retailer reported disappointing sales for the fourth quarter…
NYSE
The Container Store Group Inc., down $2.96 to $4.22
The storage products retailer reported a surprise third-quarter loss and disappointing sales.
Gap Inc., down $3.83 to $22.91
The retailer’s sales slumped in December deeper than analysts expected. The sluggishness included its Old Navy brand, which had been a bright spot for Gap.
Ford Motor Co., down 16 cents to $12.54
The automaker said it sold 1.1 million vehicles in China last year, a record. It also set a record in monthly December with almost 125,000 vehicles sold.
Synergy Resources Corp., down 58 cents to $6.58
The oil and gas company’s fiscal first-quarter results fell short of analyst projections.
Time Warner Inc., up 97 cents to $71.17
The company said it renewed the contract of CEO Jeff Bewkes for three more years.
American Eagle Outfitters Inc., down $2.64 to $13.24
The teen retailer reported disappointing sales for the fourth quarter…
TSX experiences calm after nerve-wracking week
– moneysense.ca
TORONTO – North American investors were experiencing a calmer day and tenuous gains on Friday after days of upheaval spurred by events surrounding China’s currency and two of its major stock markets.
Canada’s main stock market index, the S&P/TSX Composite, gained 10.34 points in mid-morning trading to put it at 12,458.55 after a brutal Thursday that saw it lose 20 per cent of its value from its all-time high set in September 2014.
In New York, the Dow Jones average of 30 stocks was up 17.33 points at 16,531.43, after falling nearly 400 points on Thursday.
The broader S&P 500 index was up 3.05 points at 1,946.14, while the Nasdaq gained 15.5 points to 4,704.93.
6 mistakes investors make when markets tank »
Major stock indexes in Asia including the Shanghai Composite made slight gains Friday but major indexes in Europe slipped into the red after beginning the day marginally positive.
The Canadian dollar remained below 71 cents U.S. near 12 1/2-year lows.
It was at 70.77 cents U…
Canada’s main stock market index, the S&P/TSX Composite, gained 10.34 points in mid-morning trading to put it at 12,458.55 after a brutal Thursday that saw it lose 20 per cent of its value from its all-time high set in September 2014.
In New York, the Dow Jones average of 30 stocks was up 17.33 points at 16,531.43, after falling nearly 400 points on Thursday.
The broader S&P 500 index was up 3.05 points at 1,946.14, while the Nasdaq gained 15.5 points to 4,704.93.
6 mistakes investors make when markets tank »
Major stock indexes in Asia including the Shanghai Composite made slight gains Friday but major indexes in Europe slipped into the red after beginning the day marginally positive.
The Canadian dollar remained below 71 cents U.S. near 12 1/2-year lows.
It was at 70.77 cents U…
1.4M households with financial help for health insurance got tripped up on taxes last year
– canadianbusiness.com
WASHINGTON – About 1.4 million households that got financial help for health insurance under President Barack Obama’s law failed to properly account for it on their tax returns last year, putting their subsidies at risk if they want to keep coverage.
The preliminary figures were released by the IRS late Friday afternoon, a time when the government often reports unfavourable developments. A spokeswoman for the Department of Health and Human Services doubted there will be a major impact. HHS believes most of the people affected no longer have health law coverage.
Still, it’s a potential complication as the Obama administration strives to increase enrolment for 2016 in the face of rising premiums and skeptical consumers. Tax issues highlight the difficulties of the health law for the very people it’s intended to serve.
The law provides tax credits to help people pay premiums for private insurance. Nationally, that aid is averaging around $290 a month, roughly three-fourths of the typical premium…
The preliminary figures were released by the IRS late Friday afternoon, a time when the government often reports unfavourable developments. A spokeswoman for the Department of Health and Human Services doubted there will be a major impact. HHS believes most of the people affected no longer have health law coverage.
Still, it’s a potential complication as the Obama administration strives to increase enrolment for 2016 in the face of rising premiums and skeptical consumers. Tax issues highlight the difficulties of the health law for the very people it’s intended to serve.
The law provides tax credits to help people pay premiums for private insurance. Nationally, that aid is averaging around $290 a month, roughly three-fourths of the typical premium…
Business Highlights
– canadianbusiness.com
___
US employers hire at robust pace, defying global trends
WASHINGTON (AP) — The U.S. economy is motoring ahead despite slowing global growth that caused upheavals in financial markets around the world this week.
Employers added a robust 292,000 jobs last month, and the unemployment rate stayed low at 5 per cent, the Labor Department said Friday. Job gains in the October-December quarter averaged 284,000, the best three-month increase since last January.
The strong hiring underscores the resilience of the United States at a time of slow global growth and financial turmoil. Healthy consumer spending, modest gains in home construction and an uptick in government spending should offset drags from overseas and bolster growth this year, economists said.
___
US stock market drops, ending its worst week since 2011
NEW YORK (AP) — A wave of late selling pummeled U.S. stocks Friday and pushed the market to its worst week in four years.
The dismal start to the new year comes as investors worry that China’s huge economy is slowing down…
US employers hire at robust pace, defying global trends
WASHINGTON (AP) — The U.S. economy is motoring ahead despite slowing global growth that caused upheavals in financial markets around the world this week.
Employers added a robust 292,000 jobs last month, and the unemployment rate stayed low at 5 per cent, the Labor Department said Friday. Job gains in the October-December quarter averaged 284,000, the best three-month increase since last January.
The strong hiring underscores the resilience of the United States at a time of slow global growth and financial turmoil. Healthy consumer spending, modest gains in home construction and an uptick in government spending should offset drags from overseas and bolster growth this year, economists said.
___
US stock market drops, ending its worst week since 2011
NEW YORK (AP) — A wave of late selling pummeled U.S. stocks Friday and pushed the market to its worst week in four years.
The dismal start to the new year comes as investors worry that China’s huge economy is slowing down…
