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Banking & Finance in Canada

CBC News - Canada

  • Maple Leaf shutters Hamilton wiener production plant
    Maple Leaf Foods Inc. has closed its wiener production plant in Hamilton as part of a broader plan to move the operations to a bigger plant in the same city.
    - 6 hours ago, 18 Apr 14, 3:06pm -
  • Telus tries to by Mobilicity again
    Mobilicity says it has reached a deal to be bought by Telus, and this time it thinks the federal government will approve the deal.
    - 8 hours ago, 18 Apr 14, 12:51pm -
  • Share a juicer, your dog or a room in your home? How the sharing economy took off
    The internet has helped fuel an economic phenomenon that has seen people share everything from empty rooms in their homes to overnight travellers to even their pets. But the growth of the sharing economy might soon be limited by the hand of regulation.
    - 12 hours ago, 18 Apr 14, 9:00am -
  • Spinoffs new 'golden route' to value in 2014 markets
    2014 may be the year of the spinoff, with a record number of deals coming to market in which a parent company raises capital by listing one of its units as a separate business, according to the founder of The Spinoff Report.
    - 1 day ago, 17 Apr 14, 8:07pm -
  • TSX closes at highest level since 2008
    The Toronto Stock Exchange's main index hit its highest level in more than five years on Thursday, pushed higher by stronger prices for commodities Canada has a lot of like oil and natural gas.
    - 1 day ago, 17 Apr 14, 7:49pm -
  • OSC 'comply and explain' plan for women on boards draws praise
    Most of the companies and groups who sent comments about a proposed Ontario Security Commission reporting requirement around women on their boards support the “comply and explain” approach taken by the securities regulator, rather than imposition of quotas.
    - 1 day ago, 17 Apr 14, 6:53pm -
  • BP worker settles charges of insider trading during Gulf cleanup
    The government says a former BP employee who was a co-ordinator during the 2010 oil spill in the Gulf of Mexico has settled federal charges of using confidential information on the seriousness of the spill to profit illegally from trading in BP stock.
    - 1 day ago, 17 Apr 14, 6:46pm -

National Post

Financial Post - Your Money

Financial Post - Family Finance

Financial Post - Financial Services

  • 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 -

Canadianbusiness.com

  • California breeder who had 20,000 dead, dying reptiles, rats must pay $190,000 in restitution
    RIVERSIDE, Calif. – A Southern California exotic pet breeder who had 20,000 dead and dying rats and reptiles in a warehouse has avoided jail time but was ordered to pay…The post California breeder who had 20,000 dead, dying reptiles, rats must pay $190,000 in restitution appeared first on Canadian Business.
    - 10 mins ago, 18 Apr 14, 8:34pm -
  • Supreme Court declines to block ruling on multiple sclerosis drug in patent dispute
    WASHINGTON – The Supreme Court has declined to temporarily block a lower court ruling that opens the world’s bestselling multiple sclerosis drug to competition from generic rivals.The order Friday…The post Supreme Court declines to block ruling on multiple sclerosis drug in patent dispute appeared first on Canadian Business.
    - 35 mins ago, 18 Apr 14, 8:09pm -
  • Recalls this week includes lanterns, exercise devices, gun storage boxes, shoes
    Candle lanterns that can melt and pose a fire hazard and gun storage boxes that can unlock when dropped are among this week’s recalled consumer products. Others include faulty exercise…The post Recalls this week includes lanterns, exercise devices, gun storage boxes, shoes appeared first on Canadian Business.
    - 1 hour ago, 18 Apr 14, 7:37pm -
  • State Department giving more time to federal agencies to review Keystone XL pipeline
    WASHINGTON – The Obama administration is extending indefinitely the amount of time federal agencies have to review the Keystone XL pipeline, the State Department said Friday, likely punting the decision…The post State Department giving more time to federal agencies to review Keystone XL pipeline appeared first on Canadian Business.
    - 1 hour ago, 18 Apr 14, 7:35pm -
  • Canadian Pacific assures feds that it’s committed to moving fertilizer for spring planting
    BISMARCK, N.D. – Canadian Pacific Railway has told a federal oversight board that moving fertilizer for spring planting does not present a “significant challenge” for the railroad.The Calgary, Alberta-based…The post Canadian Pacific assures feds that it’s committed to moving fertilizer for spring planting appeared first on Canadian Business.
    - 1 hour ago, 18 Apr 14, 7:17pm -
  • Friedman Memorial Airport in Central Idaho gets $18M construction grant
    HAILEY, Idaho – The Federal Aviation Administration is awarding a small central Idaho airport that serves the resort area of Ketchum and Sun Valley an $18 million grant for construction…The post Friedman Memorial Airport in Central Idaho gets $18M construction grant appeared first on Canadian Business.
    - 2 hours ago, 18 Apr 14, 6:58pm -
  • Condiment maker Tessemae’s gets professional help and is now dressed for success
    NEW YORK, N.Y. – When Tessemae’s salad dressing quickly became a hit, the owners of the family-run condiment company were faced with the reality that they needed help navigating the…The post Condiment maker Tessemae’s gets professional help and is now dressed for success appeared first on Canadian Business.
    - 2 hours ago, 18 Apr 14, 6:57pm -

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