News: Money

Loblaw's REIT Agrees to Buy Canadian Rival for $3.1 Billion

Friday  16:52,   16 february 2018
Bloomberg

Choice Properties Real Estate Investment Trust, the real estate arm of Loblaw Cos., agreed to buy Canadian Real Estate Investment Trust for about C$3.93 billion ($3.1 billion) to add more industrial and office space to its retail portfolio. [...]

Why the B-52 bomber will fly for 100 years

Friday  09:20,   16 february 2018
Bloomberg

The Air Force just can’t let go of the B-52. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl =[...]

States seek permission to import cheaper drugs from Canada

Friday  08:57,   16 february 2018
CNN

The approach: Let the state contract with wholesalers in Canada to import cheaper prescriptions and distribute them to the state's health care system.But in a twist, the Utah state representative is now pushing the state to flex its muscle to[...]

Andy Yan, the analyst who exposed Vancouver’s real estate disaster

Friday  08:55,   16 february 2018
Maclean's

Hated by politicians, speculators and money-launderers, Andy Yan’s data on Vancouver housing has earned him the right to say, ‘I told you so’Nowadays he’s the director of the City Program at Simon Fraser University, and while he’s too modest to[...]

Rail Crunch Leaves Oil, Wheat Stranded Out on Canada's Prairies

Friday  08:55,   16 february 2018
Bloomberg

A shortage of rail cars in Canada is leaving grain and oil shipments stranded on the Prairies, sending crude prices plummeting and leaving farmers in a cash crunch. The nation’s biggest railways haven’t been able to deliver enough cars after harsh[...]

Why Warren Buffett is a ‘prime example’ of the failure of American capitalism

Friday  07:01,   16 february 2018
MarketWatch

David Dayen, in a piece he wrote for The Nation, slams the Berkshire Hathaway boss — and those heaping praise upon him — for the inequality crisis in the United States.That hot take comes from David Dayen, ripped from a deep dive published on[...]

Sun Life to add medical pot to benefits plans

Friday  06:25,   16 february 2018
MSN

TORONTO - Sun Life Financial Inc. is adding medical marijuana coverage as an option for its group benefits plans, signalling an insurance industry shift and growing acceptance of the drug that bodes well for Canada's burgeoning cannabis sector.[...]

What to know about employee buyout packages

Thursday  23:36,   15 february 2018
MSN

TORONTO - What would you do if offered a voluntary severance package: celebrate, cry or crunch the numbers? Leaving a job can be an emotional experience, but it pays to remain calm and check out the options in a systematic way before making a[...]

McDonald’s to roll out healthier Happy Meals menu

Thursday  20:50,   15 february 2018
Toronto Star

Can McDonald’s make parents happier to feed their kids Happy Meals? define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl =[...]

Home Capital sees impact of mortgage changes

Thursday  20:50,   15 february 2018
MSN

TORONTO - Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning[...]

Shopify quarterly revenue jumps 71 per cent

Thursday  18:08,   15 february 2018
Reuters

Shopify Inc (SHOP.TO) reported a surge in fourth-quarter revenue on Thursday as the fast-growing retail software company benefited from a rise in subscription and merchant revenue. define("homepageFinanceIndices", ["c.deferred"], function () [...]

Bombardier Inc. reports smaller Q4 loss, revenue up from year ago

Thursday  18:08,   15 february 2018
CBC

Bombardier Inc. reported a fourth-quarter loss of $109 million US compared with a loss of $259 million US in the same quarter a year earlier. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = [...]

Canada Goose Chairman Dani Reiss Spins Pricey Parkas Into Gold

Thursday  17:46,   15 february 2018
Bloomberg

Canada Goose Holdings Inc.’s store in Soho was doing brisk business on a midweek evening in February, with a steady stream of New York shoppers trying on the company’s trademark parkas with coyote fur-lined hoods, some priced at $1,495. [...]

Want to Hit It Big in Oil? Get Fired by This Troubled Company

Thursday  16:52,   15 february 2018
Bloomberg

Want to make it big in the oil industry? Try getting fired by SandRidge Energy Inc. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; [...]

Jeep in hot water over ad with SUV romping in wild waters

Thursday  14:06,   15 february 2018
MSN

The head of one of the nation's largest fish conservation groups says Fiat Chrysler's Super Bowl ads "glorified" the destruction of aquatic habitat in an apparent attempt to appeal to off-road thrill-seekers. It's the second time[...]