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Waiting for tax time? New survey shows more Canadians are relying on refunds Mar 26th
What people plan to do with their tax refund gives a tiny glimpse into the economy as a whole, which is why EQ Bank recently released its survey on how Canadians are approaching tax season this year.
Spoiler alert: It’s been a rocky few years with inflation and a high cost of living, so it’.... More »
British Airways’ computer meltdown a symptom of wealth divide in air travel + MORE Jun 3rd
After the airline’s recent IT problems, one thing’s for sure: The market is being defined by bifurcation
.... More »
Are women getting the right advice about RESPs? Apr 30th
When my first child was born in early 2011, I wanted to set up a registered education savings plan (RESP) as soon as possible. My husband didn’t have any student debt of his own, but I’d left university with over $40,000 owing on a line of credit—a huge number that I carried into our marriage .... More »
The best dividend stocks in Canada 2024 + MORE Jan 10th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
It has been a lousy couple of years for dividend inv.... More »
Ontario debt rating downgraded by Standard & Poor's over budgetary 'underperformance' + MORE Jul 7th
Standard & Poor's has lowered Ontario's financial rating to A+ from AA-, citing its heavy debt burden and budgetary "underperformance" compared with peers in other jurisdictions..... More »
Hasbro, Teekay, Nike, Xerox and BlackBerry are big market movers
– 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
Teekay Tankers Ltd., down 70 cents to $4.70
The ocean-freight hauler is buying five tankers and priced 20 million shares for sale to raise cash, which pressured its stock.
Xerox Corp., up 7 cents to $13.96
The business services provider is selling its information technology outsourcing division to France’s Atos for $1.05 billion.
CarMax Inc., up $6.79 to $67.32
Booming sales and an expanding footprint nationwide pushed third-quarter profit up 22 per cent at the used car dealership chain.
Nike Inc., down $2.24 to $94.84
Signs that orders from Asia and developing markets are weakening overshadowed a strong quarter from the athletic gear company.
Nasdaq
BlackBerry Ltd., down 8 cents to $9.99
Disappointing revenue got more attention than a surprise third-quarter operating profit from the Canadian communications company.
ImmunoGen Inc., down $4…
NYSE
Teekay Tankers Ltd., down 70 cents to $4.70
The ocean-freight hauler is buying five tankers and priced 20 million shares for sale to raise cash, which pressured its stock.
Xerox Corp., up 7 cents to $13.96
The business services provider is selling its information technology outsourcing division to France’s Atos for $1.05 billion.
CarMax Inc., up $6.79 to $67.32
Booming sales and an expanding footprint nationwide pushed third-quarter profit up 22 per cent at the used car dealership chain.
Nike Inc., down $2.24 to $94.84
Signs that orders from Asia and developing markets are weakening overshadowed a strong quarter from the athletic gear company.
Nasdaq
BlackBerry Ltd., down 8 cents to $9.99
Disappointing revenue got more attention than a surprise third-quarter operating profit from the Canadian communications company.
ImmunoGen Inc., down $4…
From house prices ticking ever higher, to crude oil’s slide that seems like it will never end, it was a busy week in financial news. The CBC’s Jacqueline Hansen gets you caught up in her weekly video recap.
The Financial Instability Business
– online.wsj.com
Bank regulators won’t tell MetLife how to avoid being a ‘systemic’ risk.Regulators close small bank in Minnesota, bringing number of US bank failures to 18 in 2014
– canadianbusiness.com
WASHINGTON – Regulators have closed a small lender, the 18th bank failure in the U.S. this year after 24 closures in 2013.
The Federal Deposit Insurance Corp. said Friday that it has taken over Northern Star Bank, based in Mankato, Minnesota.
The bank operated two branches and had about $18.8 million in assets and $18.2 million in deposits as of Sept. 30.
BankVista, based in Sartell, Minnesota, agreed to assume all of Northern Star Bank’s deposits and to purchase essentially all of the failed bank’s assets.
Northern Star Bank’s failure is expected to cost the federal deposit insurance fund $5.9 million.
The post Regulators close small bank in Minnesota, bringing number of US bank failures to 18 in 2014 appeared first on Canadian Business.
The Federal Deposit Insurance Corp. said Friday that it has taken over Northern Star Bank, based in Mankato, Minnesota.
The bank operated two branches and had about $18.8 million in assets and $18.2 million in deposits as of Sept. 30.
BankVista, based in Sartell, Minnesota, agreed to assume all of Northern Star Bank’s deposits and to purchase essentially all of the failed bank’s assets.
Northern Star Bank’s failure is expected to cost the federal deposit insurance fund $5.9 million.
The post Regulators close small bank in Minnesota, bringing number of US bank failures to 18 in 2014 appeared first on Canadian Business.
When it Comes to Details, BlackBerry Isn’t Talking
– blogs.wsj.com
BlackBerry Ltd.’s third-quarter results were a mixed bag, but it’s what the company didn’t say that might overshadow the cheers it may generate from hitting some financial targets earlier than expected.
