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Latest News
RCMP arrest 2 after alleged online threats against Justin Trudeau - CBC.ca Dec 21st
RCMP arrest 2 after alleged online threats against Justin Trudeau CBC.caJustin Trudeau says he will be lower profile, more business-like in second mandate National PostFinance quietly halts change in tax rules for stock options CBC.caTrudeau says he won’t let provi.... More »
Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings - The Globe and Mail + MORE Dec 4th
Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings The Globe and MailRBC reports Q4 profit rose to $4.2B despite softening Canadian economy BNN BloombergRoyal Bank of Canada reports $4.22-billion Q4 profit, raises quar.... More »
Bank of Canada survey says Canadian businesses are optimistic Oct 16th
A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans..... More »
How to protect personal assets if your business fails May 6th
Q. We are closing our business due to the recent pandemic events. We had been looking at selling it anyway due to a struggling economy, challenging franchise, and so on.
We are personally liable to the bank for our build-out loan, as well as to the landlord. Basically, we would love to avoid losing .... More »
Pakistan Requests IMF Bailout Talks Oct 8th
Pakistan, the flagship country for China’s global infrastructure initiative, said it needed a bailout from the International Monetary Fund, amid growing concerns that Beijing’s program is pushing recipient countries into financial crisis..... More »
Westin hotels in Ottawa, Calgary and Edmonton put up for sale
– theglobeandmail.com
The trio of Westin Hotels is considered a ‘rare portfolio of assets’ and is expected to fetch between $475-million and $525-million.
Big banks face scrutiny as same-broker stock trades rise
– theglobeandmail.com
When a single brokerage executes both the ‘buy’ and ‘sell’ sides of the same trade, there is potential harm to other trading shops and their clients.
Thomson Reuters in talks with Blackstone regarding potential partnership
– canadianbusiness.com
TORONTO _ Thomson Reuters Corp. is in advanced talks with private equity firm Blackstone regarding a potential partnership in its financial and risk business.
However, the company cautioned that the discussions may or may not lead to a definitive agreement.
“Thomson Reuters does not expect to comment further on market speculation or disclose any further developments unless and until it determines that further disclosure is appropriate or required,” the company said in a statement.
Shares in Thomson Reuters were up $4.88 or about nine per cent at $58.47 in early trading Tuesday on the Toronto Stock Exchange following the news.
The F&R business provides information for financial markets professionals as well as regulatory and risk management solutions.
The business, which competes with Bloomberg and other smaller players to provide financial information, had $6.1 billion in revenue in 2016.
Thomson Reuters said it would retain a significant interest in the business as part of any proposed partnership…
However, the company cautioned that the discussions may or may not lead to a definitive agreement.
“Thomson Reuters does not expect to comment further on market speculation or disclose any further developments unless and until it determines that further disclosure is appropriate or required,” the company said in a statement.
Shares in Thomson Reuters were up $4.88 or about nine per cent at $58.47 in early trading Tuesday on the Toronto Stock Exchange following the news.
The F&R business provides information for financial markets professionals as well as regulatory and risk management solutions.
The business, which competes with Bloomberg and other smaller players to provide financial information, had $6.1 billion in revenue in 2016.
Thomson Reuters said it would retain a significant interest in the business as part of any proposed partnership…
Toronto home sales to slip, but remain vulnerable to overvaluation: experts
– canadianbusiness.com
TORONTO _ Continued signs of overheating in some cities leaves Canada’s housing market highly vulnerable for the sixth straight quarter, the federal housing agency said Tuesday as the country’s largest real estate board predicted another year of rising prices.
The Canada Mortgage and Housing Corporation said Tuesday that the country could fall prey to market instability. The cities of Toronto, Hamilton, Victoria and Vancouver are its greatest source of concern.
“This assessment is a result of the detection of moderate evidence of price acceleration and moderate evidence of overvaluation,” CMHC chief economist Bob Dugan said.
He noted that Manitoba, Quebec, and the Atlantic provinces are faring better than their Ontarian and British Columbian counterparts and that Calgary, Edmonton, Saskatoon and Regina are seeing rashes of overbuilding, but house prices there are in line with the population and its income.
He stressed that across the country there are only “weak” signs of overbuilding and overheating _ a problem that has plagued the Greater Toronto Area in recent years…
The Canada Mortgage and Housing Corporation said Tuesday that the country could fall prey to market instability. The cities of Toronto, Hamilton, Victoria and Vancouver are its greatest source of concern.
“This assessment is a result of the detection of moderate evidence of price acceleration and moderate evidence of overvaluation,” CMHC chief economist Bob Dugan said.
He noted that Manitoba, Quebec, and the Atlantic provinces are faring better than their Ontarian and British Columbian counterparts and that Calgary, Edmonton, Saskatoon and Regina are seeing rashes of overbuilding, but house prices there are in line with the population and its income.
He stressed that across the country there are only “weak” signs of overbuilding and overheating _ a problem that has plagued the Greater Toronto Area in recent years…
Pair of Canadian marijuana firms eye initial public offering
– theglobeandmail.com
The rally in marijuana stock prices and the planned IPOs from The Green Organic Dutchman Holdings Ltd. and Tilray come at a time when retail investors are pouring capital into the sector
