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The Fall of the House of Sharpe: What Exactly Happened to Bridging Finance? Oct 10th
When they started out in the ’90s, David Sharpe and Natasha Hilfer were both both fiercely smart and exceedingly ambitious, with eyes on the finance sector. But both believed they had to overcome, as David once said, the implicit need-not-apply sign Bay Street hung to ward off anyone who was diffe.... More »
Why we have deficits—in good times as well as bad + MORE Feb 28th
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Controversial commissions: DIY investors fight back against trailer fees Sep 17th
A Toronto man has lost more than $60,000 to embedded trailer fees — for financial advice he says he never got and that his broker isn't legally allowed to provide. And two proposed class-action lawsuits on these commissions are aiming to recover "tens of millions of dollars.".... More »
Renters are feeling the pinch nationwide. These 5 charts break it down - CBC.ca Aug 5th
Renters are feeling the pinch nationwide. These 5 charts break it down CBC.caMore Canadians See Real Estate Prices Falling As Market Psychology Shifts: BMO - Better Dwelling Better DwellingRBC forecasts historic real estate market correction, including cottages Cotta.... More »
Steven Mnuchin: The deal maker Trump wants as his Treasury secretary + MORE Dec 2nd
Nomination for Goldman Sachs veteran Mnuchin, who profited during the financial crisis, is greeted with celebration and dismay
.... More »
German Chancellor Angela Merkel honoured for her leadership
– canadianbusiness.com
THE HAGUE, Netherlands – German Chancellor Angela Merkel has been honoured for her leadership in a series of crises that have hit Europe in recent years, from the financial meltdown to the massive migration influx.
Dutch Prime Minister Mark Rutte lauded Merkel as she was presented with the International Four Freedoms Award at a ceremony Thursday in the southern Dutch city of Middelburg.
Four Freedoms medals are presented in alternate years by the Dutch-based Roosevelt Foundation and the Franklin and Eleanor Roosevelt Institute in New York.
The Dutch foundation said in Europe’s migration crisis, “Merkel is committed to Europe’s humanitarian duty to protect those fleeing war and conflict in the Middle East, Africa and Asia and to tackle the causes of the crisis by working for peace in Syria and the region.”
The post German Chancellor Angela Merkel honoured for her leadership appeared first on Canadian Business – Your Source For Business News.
Dutch Prime Minister Mark Rutte lauded Merkel as she was presented with the International Four Freedoms Award at a ceremony Thursday in the southern Dutch city of Middelburg.
Four Freedoms medals are presented in alternate years by the Dutch-based Roosevelt Foundation and the Franklin and Eleanor Roosevelt Institute in New York.
The Dutch foundation said in Europe’s migration crisis, “Merkel is committed to Europe’s humanitarian duty to protect those fleeing war and conflict in the Middle East, Africa and Asia and to tackle the causes of the crisis by working for peace in Syria and the region.”
The post German Chancellor Angela Merkel honoured for her leadership appeared first on Canadian Business – Your Source For Business News.
China tells banks to lend to expand steel exports
– canadianbusiness.com
BEIJING, China – Regulators told Chinese banks on Thursday to finance steel exports to help reduce a supply glut in a move that could worsen trade tensions with Europe and the United States.
Beijing faces pressure from the United States and Europe to stop what they complain is a strategy of trying to clear away a backlog of steel by exporting at improperly low prices. Washington imposed anti-dumping duties last month on Chinese steel.
The latest order to finance exports is part of instructions from the Chinese central bank and financial regulators to lenders to support the overhaul of state-owned steel and coal industries.
Beijing is trying to shrink bloated companies, many of them state-owned, in industries including steel, coal, glass, cement and aluminum in which supply exceeds demand. That has led to price-cutting wars and heavy losses.
Last month, Washington announced anti-dumping tariffs of up to 266 per cent on some Chinese steel.
Britain’s government faces pressure to act after Tata Steel cited low-cost Chinese competition when it announced plans this month to sell money-losing operations there that employ 20,000 people…
Beijing faces pressure from the United States and Europe to stop what they complain is a strategy of trying to clear away a backlog of steel by exporting at improperly low prices. Washington imposed anti-dumping duties last month on Chinese steel.
The latest order to finance exports is part of instructions from the Chinese central bank and financial regulators to lenders to support the overhaul of state-owned steel and coal industries.
Beijing is trying to shrink bloated companies, many of them state-owned, in industries including steel, coal, glass, cement and aluminum in which supply exceeds demand. That has led to price-cutting wars and heavy losses.
Last month, Washington announced anti-dumping tariffs of up to 266 per cent on some Chinese steel.
Britain’s government faces pressure to act after Tata Steel cited low-cost Chinese competition when it announced plans this month to sell money-losing operations there that employ 20,000 people…
Vancouver real estate firm’s new ads feature ‘shadow flipping’ homes
– theglobeandmail.com
New Coast Realty is under investigation for questionable practices, and B.C. Premier Christy Clark has promised new rules for the industry
Southwest Airlines 1Q helped by lower fuel prices
– canadianbusiness.com
DALLAS – Lower fuel prices and solid bookings bolstered Southwest Airlines in its first quarter, and it topped Wall Street’s profit expectations.
Shares jumped sharply before the opening bell Thursday.
For the three months ended March 31, the airline earned $511 million, or 79 cents per share. That compares with $453 million, or 66 cents per share, a year ago.
Removing one-time charges and benefits, earnings were 88 cents per share, which was 4 cents better than analysts had expected, according to a poll by Zacks Investment Research.
Total operating revenue for the Dallas company came to $4.83 billion.
Fuel costs totalled $1.78 per gallon, compared with $2 a gallon in the prior-year period.
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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LUV at http://www.zacks.com/ap/LUV
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Keywords: Southwest Airlines, Earnings Report, Priority Earnings
The post Southwest Airlines 1Q helped by lower fuel prices appeared first on Canadian Business – Your Source For Business News.
Shares jumped sharply before the opening bell Thursday.
For the three months ended March 31, the airline earned $511 million, or 79 cents per share. That compares with $453 million, or 66 cents per share, a year ago.
Removing one-time charges and benefits, earnings were 88 cents per share, which was 4 cents better than analysts had expected, according to a poll by Zacks Investment Research.
Total operating revenue for the Dallas company came to $4.83 billion.
Fuel costs totalled $1.78 per gallon, compared with $2 a gallon in the prior-year period.
_____
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LUV at http://www.zacks.com/ap/LUV
_____
Keywords: Southwest Airlines, Earnings Report, Priority Earnings
The post Southwest Airlines 1Q helped by lower fuel prices appeared first on Canadian Business – Your Source For Business News.
Markets Right Now: Europe hesitant ahead of Draghi comments
– canadianbusiness.com
LONDON – The Latest on financial markets (all times local):
11:40 a.m.
European stock markets are giving up some of this week’s gains ahead of the outcome of the latest policy meeting of the European Central Bank.
Though the bank is not expected to announce any further stimulus measures, traders will be closely monitoring the comments of ECB President Mario Draghi at his subsequent news conference.
Joshua Mahony, market analyst at IG, says “an element of hesitancy is evident within Europe ahead of a clear event risk with the ECB.”
Many of Draghi’s news conferences have prompted some big reactions in markets, most clearly with regard to the euro. Traders are wondering whether Draghi will try to talk the euro down, possibly by hinting at possible further measures to boost the eurozone economy.
Given that uncertainty, stocks are faltering, with Germany’s DAX down 0.4 per cent at 10,376 and France’s CAC-40 0.6 per cent lower at 4,564. The euro meanwhile was flat at $1…
11:40 a.m.
European stock markets are giving up some of this week’s gains ahead of the outcome of the latest policy meeting of the European Central Bank.
Though the bank is not expected to announce any further stimulus measures, traders will be closely monitoring the comments of ECB President Mario Draghi at his subsequent news conference.
Joshua Mahony, market analyst at IG, says “an element of hesitancy is evident within Europe ahead of a clear event risk with the ECB.”
Many of Draghi’s news conferences have prompted some big reactions in markets, most clearly with regard to the euro. Traders are wondering whether Draghi will try to talk the euro down, possibly by hinting at possible further measures to boost the eurozone economy.
Given that uncertainty, stocks are faltering, with Germany’s DAX down 0.4 per cent at 10,376 and France’s CAC-40 0.6 per cent lower at 4,564. The euro meanwhile was flat at $1…
