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Mexico to auction 15 shallow exploration blocks in Gulf + MORE Jul 19th
MEXICO CITY – The Mexican government announced plans Tuesday for an auction of exploration and shared-production rights on 15 blocks of potential oil fields in the shallow waters of the Gulf of Mexico.
The blocks cover 3,440 square miles (8,908 square kilometres) and contain potential reserves.... More »
Making sense of the markets this week: July 21, 2024 Jul 19th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Inflation continues to fall as temperature rise
As we’re moving through summer’s dog days and heat records are .... More »
How much are trading fees? Nov 25th
Individual stock trading has exploded during the pandemic with the rise of meme stocks, investing FOMO and free trading platforms. New investors poured money into stocks looking to make a quick buck, and in most cases the markets obliged.
Indeed, Canadian and U.S. stock returns have soared since .... More »
Billie Eilish calls out billionaires with Mark Zuckerberg in the audience - CBC + MORE Oct 31st
Billie Eilish calls out billionaires with Mark Zuckerberg in the audience CBCBillie Eilish urged billionaires to give away their money right after it was announced she was donating millions CP24Billie Eilish calls on billionaires to give away their wealth—with Mark Zuckerberg.... More »
Kruger says $32M investment at Kamloops mill will boost tech, preserve jobs - Castanet Kamloops Sep 12th
Kruger says $32M investment at Kamloops mill will boost tech, preserve jobs Castanet KamloopsView Full Coverage on Google News.... More »
B.C. residents accused of $60-million fraud involving company with no employees
– canadianbusiness.com
VANCOUVER – A British Columbia brother and sister committed US$60-million in fraud in a far-reaching scheme stretching to Taiwan, China and the Republic of Georgia, the B.C. Securities Commission alleges.
The commission issued a notice of hearing against Winter Huang and his sister Vicky Dancho and two B.C.-incorporated companies alleging fraud and illegal securities distribution.
Huang was a director and controlling mind of Pegasus Pharmaceuticals Group Inc., and Careseng Cancer Institute Inc., while Dancho was a director, CEO and president of Careseng Cancer, according to the commission.
It alleged that between 2008 and 2012, Pegasus Pharmaceuticals issued $36.4 million in bonds to Taiwanese investors that included guarantees from Careseng Cancer of repayment of principal at maturity.
“Huang and Dancho knew, or ought to have known, that these guarantees were false as Careseng Cancer had no operations, no employees, no revenue, and less than US$50,000 in assets,” the commission said in a news release Friday…
The commission issued a notice of hearing against Winter Huang and his sister Vicky Dancho and two B.C.-incorporated companies alleging fraud and illegal securities distribution.
Huang was a director and controlling mind of Pegasus Pharmaceuticals Group Inc., and Careseng Cancer Institute Inc., while Dancho was a director, CEO and president of Careseng Cancer, according to the commission.
It alleged that between 2008 and 2012, Pegasus Pharmaceuticals issued $36.4 million in bonds to Taiwanese investors that included guarantees from Careseng Cancer of repayment of principal at maturity.
“Huang and Dancho knew, or ought to have known, that these guarantees were false as Careseng Cancer had no operations, no employees, no revenue, and less than US$50,000 in assets,” the commission said in a news release Friday…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,822.13, up 230.20 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up nine cents, or 10.11 per cent, to 98 cents on 14 million shares.
Wi-LAN Inc. (TSX:WIN). Technology. Down two cents, or 1.28 per cent, to $1.54 on 12.4 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up 42 cents, or 16.09 per cent, to $3.03 on 10.8 million shares.
Nevsun Resources Ltd. (TSX:NSU). Miner. Up 16 cents, or 4.38 per cent, to $3.81 on nine million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down four cents, or 1.33 per cent, to $2.96 on 8.4 million shares.
Orbite Technologies Inc. (TSX:ORT). Miner. Down eight cents, or 20 per cent, to 32 cents on 7.1 million shares.
Companies reporting major news:
BlackBerry Ltd. (TSX:BB). Wireless communications. Up 32 cents, or 3.31 per cent, to $9.99 on 2.4 million shares. BlackBerry Ltd. has more than doubled the amount of stock it can repurchase from the public market by mid-2016…
Toronto Stock Exchange (12,822.13, up 230.20 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up nine cents, or 10.11 per cent, to 98 cents on 14 million shares.
Wi-LAN Inc. (TSX:WIN). Technology. Down two cents, or 1.28 per cent, to $1.54 on 12.4 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up 42 cents, or 16.09 per cent, to $3.03 on 10.8 million shares.
Nevsun Resources Ltd. (TSX:NSU). Miner. Up 16 cents, or 4.38 per cent, to $3.81 on nine million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down four cents, or 1.33 per cent, to $2.96 on 8.4 million shares.
Orbite Technologies Inc. (TSX:ORT). Miner. Down eight cents, or 20 per cent, to 32 cents on 7.1 million shares.
Companies reporting major news:
BlackBerry Ltd. (TSX:BB). Wireless communications. Up 32 cents, or 3.31 per cent, to $9.99 on 2.4 million shares. BlackBerry Ltd. has more than doubled the amount of stock it can repurchase from the public market by mid-2016…
Weekly Deals: Jacob Securities’ shaky final months and Frind’s investment problem
– theglobeandmail.com
Mergers, acquisitions, private equity and venture capital deals from Canada and around the world
Business Highlights
– canadianbusiness.com
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US economy is expected to strengthen after weak 4th quarter
WASHINGTON (AP) — The U.S. economy struggled to grow in the October-December quarter as consumer spending, business investment and exports slowed. Yet despite global weakness and shrunken oil and stock prices, many economists expect growth to accelerate on the strength of healthy job gains.
The economy grew at an annual rate of just 0.7 per cent last quarter, less than half the 2 per cent growth rate in the July-September period, the government said Friday.
Though the slowdown late last year could renew doubts about the durability of the 6 1/2-year-old economic expansion, most analysts said they expected the slump to be short-lived.
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Japan introduces negative interest rate to boost economy
TOKYO (AP) — The Bank of Japan on Friday said it will charge lenders that leave too much cash on idle deposit with it, introducing a negative interest rate policy for the first time as it seeks to shore up a stumbling economic recovery…
US economy is expected to strengthen after weak 4th quarter
WASHINGTON (AP) — The U.S. economy struggled to grow in the October-December quarter as consumer spending, business investment and exports slowed. Yet despite global weakness and shrunken oil and stock prices, many economists expect growth to accelerate on the strength of healthy job gains.
The economy grew at an annual rate of just 0.7 per cent last quarter, less than half the 2 per cent growth rate in the July-September period, the government said Friday.
Though the slowdown late last year could renew doubts about the durability of the 6 1/2-year-old economic expansion, most analysts said they expected the slump to be short-lived.
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Japan introduces negative interest rate to boost economy
TOKYO (AP) — The Bank of Japan on Friday said it will charge lenders that leave too much cash on idle deposit with it, introducing a negative interest rate policy for the first time as it seeks to shore up a stumbling economic recovery…
