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Banking & Finance in Canada

CBC News - Canada

  • Meet George Jetson: Uber sees flying commuters in 10 years
    Flying commuters like George Jetson could be whizzing to work through the sky less than 10 years from now, according to ride-services provider Uber, which believes the future of transportation is literally looking up.
    - 1 hour ago, 27 Oct 16, 9:30pm -
  • Oilsands players hammer down costs, but is it enough?
    Suncor, Cenovus and MEG Energy have all brought down their costs to produce a barrel of oil. But red ink still flowing in the oilsands.
    - 1 hour ago, 27 Oct 16, 9:18pm -
  • Arrests made at North Dakota pipeline protest
    Armed soldiers and law enforcement officers dressed in riot gear on Thursday began arresting protesters who had set up a camp on private land to block construction of the Dakota Access oil pipeline.
    - 4 hours ago, 27 Oct 16, 6:05pm -
  • National Bank cutting 600 jobs as part of digital shift
    National Bank announced Thursday it will eliminate about 600 jobs, and offer new roles or early retirement to 300 people, as it aims to speed up its transition to the growing digital economy.
    - 5 hours ago, 27 Oct 16, 5:10pm -
  • About as many Canadians oppose recreational pot as support it, Deloitte survey finds
    Forty per cent of Canadians in a recent survey said they support the notion of legalizing marijuana for recreational use, slightly more than the number that said they opposed it.
    - 6 hours ago, 27 Oct 16, 4:17pm -
  • Proposals and pre-nups: Marriage, co-habitation contracts can be good investment
    A romantic proposal or an invitation to move in with a partner may seem like an awkward time to start planning for a smooth divorce. But with nearly half of Canadian marriages ending before death does couples part, a pre-nup can help individuals emerge from breakups financially unscathed.
    - 6 hours ago, 27 Oct 16, 4:05pm -
  • Twitter to cut 9% of its staff
    Twitter Inc. said Thursday it would cut nine per cent of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares.
    - 8 hours ago, 27 Oct 16, 2:48pm -

National Post

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  • Ontario legislative panel to approve TMX-LSE deal
    An all-party committee of the Ontario government appears set to support a proposed transaction to merge Toronto Stock Exchange owner TMX Group Inc. with the London Stock Exchange, with some tweaking involving regulation and governance
    - 13 Apr 11, 8:45pm -
  • Blackstone joins shale frenzy with US$1B venture
    Blackstone said on Tuesday it teamed up with shale gas developer Alta Resources to form Alta Energy Partners and they are committing to invest up to US$1-billion to acquire and develop unconventional oil and gas assets in North America
    - 12 Apr 11, 2:49pm -
  • RBC shops its U.S. bank: sources
    Royal Bank of Canada is shopping its struggling U.S. retail banking operation on the heels of results suggesting profitability may be in striking range, sources said
    - 8 Apr 11, 2:35pm -
  • With 90 teachers over 100 OTPP's problem is clear
    The plan continues to face what chief executive Jim Leech calls 'systemic funding problems,' including some teachers whose retirement periods exceed their working years
    - 6 Apr 11, 3:45pm -
  • Why Rick Waugh likes a strong loonie
    A strong loonie is good for Canada because it forces companies to be more productive and it shows what the rest of the world thinks about us, said Rick Waugh, chief executive of the Bank of Nova Scotia
    - 6 Apr 11, 1:42pm -
  • Blankfein reaps US$19M as cash bonuses return to Goldman
    Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd C. Blankfein’s US$19-million compensation for 2010, almost double the prior year, ended two years in which the firm’s top executives gave up cash bonuses
    - 4 Apr 11, 5:12pm -
  • TMX can go it alone, Clark says
    Ed Clark, the chief executive of Toronto-Dominion Bank, spoke out for the first time against the controversial stock exchange merger involving TMX Group Inc. on Thursday
    - 31 Mar 11, 11:00pm -

  • Alberta fall legislature sitting to focus on climate change plan
    EDMONTON – Alberta’s climate change plan will be front and centre next week when politicians return to the legislature for the fall sitting.Government house leader Brian Mason says legislation…The post Alberta fall legislature sitting to focus on climate change plan appeared first on Canadian Business - Your Source For Business News.
    - 33 mins ago, 27 Oct 16, 9:58pm -
  • TransForce expands U.S. trucking presence with US$558-million deal for XPO
    MONTREAL – TransForce Inc. is expanding its reach in the United States after Canada’s largest trucking firm acquired the North American truckload operations of XPO Logistics for US$558 million in…The post TransForce expands U.S. trucking presence with US$558-million deal for XPO appeared first on Canadian Business - Your Source For Business News.
    - 42 mins ago, 27 Oct 16, 9:49pm -
  • Obama says health consumers need to shop around
    WASHINGTON – President Barack Obama is telling workers and volunteers signing up customers for health insurance coverage that the enrolment season comes at a critical time in the Affordable Care…The post Obama says health consumers need to shop around appeared first on Canadian Business - Your Source For Business News.
    - 50 mins ago, 27 Oct 16, 9:41pm -
  • Business Highlights
    ___Twitter cuts staff, kills off Vine app amid pressure to growNEW YORK (AP) — Twitter, seemingly unable to find a buyer and losing money, is cutting about 9…The post Business Highlights appeared first on Canadian Business - Your Source For Business News.
    - 56 mins ago, 27 Oct 16, 9:35pm -
  • L-3 Communications, GNC, Ford fall and Bristol-Myers jumps
    NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday:L-3 Communications Holdings Inc., down $10.96 to $137.75The communications and surveillance company posted weak sales and helped…The post L-3 Communications, GNC, Ford fall and Bristol-Myers jumps appeared first on Canadian Business - Your Source For Business News.
    - 59 mins ago, 27 Oct 16, 9:32pm -
  • LinkedIn tops Street 3Q forecasts
    MOUNTAIN VIEW, Calif. – MOUNTAIN VIEW, Calif. (AP) _ LinkedIn Corp. (LNKD) on Thursday reported third-quarter net income of $8.6 million, after reporting a loss in the same period a…The post LinkedIn tops Street 3Q forecasts appeared first on Canadian Business - Your Source For Business News.
    - 1 hour ago, 27 Oct 16, 9:22pm -
  • Cyberattacks put new focus on search-warrant rule change
    WASHINGTON – The Justice Department is citing last week’s internet outages caused by widespread cyberattacks to support allowing U.S. agents to search online devices in faraway locations with approval from…The post Cyberattacks put new focus on search-warrant rule change appeared first on Canadian Business - Your Source For Business News.
    - 1 hour ago, 27 Oct 16, 9:19pm -

Invest in Canada

  • BHP Billiton to invest $2.6B in Saskatchewan potash project
    BHP Billiton will invest $2.6-billion in the Jansen potash project in Saskatchewan, but will develop it at a slower pace than previously expected and with the possible addition of a partner. The Anglo-Australian mining company’s investment in Jansen will be spread over a number of years with completion of two mining shafts expected during 2016.
    - 20 Aug 13, 3:00am -
  • Facebook opens Montreal office
    Facebook has opened an office in Montreal to increase business opportunities in Quebec. The company has two employees based in Montreal to serve businesses looking to expand their presence on the social network. Facebook also launched a temporary office in Vancouver in June, which was expected to stay open for a year-long stint.
    - 10 Jul 13, 3:00am -
  • Montreal researcher revolutionizes brain mapping
    Brain researcher Alan Evans has developed a 3-D atlas of the brain, BigBrain, which provides a data set that is 125,000 times bigger than a typical MRI. BigBrain atlas will offer resolution that is almost at the cellular level. Evans, a researcher at the Neuro and professor of neurology at McGill University, has been working on the project for six years, along with researchers at Forschungszentrum Julich, in Germany. The results of the BigBrain model were published in the journal Science. The brain atlas will be made available to researchers worldwide at no charge.
    - 21 Jun 13, 3:00am -
  • Canadian scientists develop new way to store renewable energy
    Researchers based at the University of Calgary, Curtis Berlinguette and Simon Trudel, have developed an innovative way to make new affordable and efficient catalysts for capturing solar power. The discovery is a new type of electrolyzer device that uses catalysts to start a chemical reaction that converts electricity into chemical energy by splitting water into hydrogen and oxygen fuels. These fuels can then be stored and re-converted to electricity for future use. The technological breakthrough offers a relatively cheaper method of storing and reusing electricity produced by wind turbines and solar panels. The technology is set to be commercialized through a new start-up company called FireWater Fuel Corp. The findings have been reported in the journal Science.
    - 3 Jun 13, 3:00am -
  • Canadian Video Game Industry critical component of digital economy, contributes $2.3B to GDP
    The Entertainment Software Association of Canada (ESAC) unveiled new research about the Canadian video game industry. The research shows that Canada's overall video game industry is still growing at a moderate pace, even as the sector and its business models continue to evolve. Jayson Hilchie, President & CEO of ESAC, showed that Canada's 329 video game studios are a critical component of this country's new digital economy generating over $2.3 billion in GDP for the Canadian economy in 2012.
    - 31 May 13, 3:00am -
  • U.S.-based fund administrator Conifer joins growing hedge fund administration centre in Halifax
    San Francisco-based fund administrator Conifer Fund Services will open a fund administration office in Halifax as part of its strategy to grow in North America. Halifax was selected over competing locations based on Nova Scotia's nearshore advantages including cost, proximity to clients, and access to skilled talent. According to KPMG, Halifax is the fastest growing hedge fund administration centre in Canada. In KPMG's Competitive Alternatives 2012 Report, Halifax ranks number one out of all Canadian and U.S. cities surveyed for lowest business operating costs in the International Financial Services sector.
    - 29 May 13, 3:00am -
  • Marsh announces growth plans in Nova Scotia
    Marsh is expanding its Captive Solutions Group by adding 60 jobs to its Halifax operation over the next five years. Marsh expanded to Halifax in 2006, when it had 10 international accounts under management, and today it has 300. It provides consulting, design and management services to more than 1,200 captive insurance companies around the world. A captive is a form of self-insurance by corporations, groups and consortiums. Many of Marsh's clients are Fortune 500 companies.
    - 27 May 13, 3:00am -

Canada News Centre - Finance