News: Money

LCBO chair to step down at end of the month

Sunday  12:00,   12 august 2018
msn

LCBO chair to step down at end of the monthIn a news release issued Friday evening, Finance Minister Vic Fedeli says Ed Clark will resign his post at the Crown corporation on Aug.[...]
News / Money

Tesla CEO Musk taunts short sellers amid legal scrutiny

Sunday  12:00,   12 august 2018
msn

Tesla CEO Musk taunts short sellers amid legal scrutinyThe tweets are aimed at "shorts," or investors who borrowed shares of Tesla and immediately sold them with the hope that Tesla's share price would fall. That would allow the shorts to buy back[...]

Canada's Sudden Population 'Boomlet' Is Boosting Housing: BMO

Sunday  12:00,   12 august 2018
huffingtonpost.ca

Canada's Sudden Population 'Boomlet' Is Boosting Housing: BMODon't bet on it, is the message coming from Bank of Montreal economists. Canada's population growth has accelerated, and that means upward pressure on the housing market, and[...]

Unionized Quebec Tim Hortons workers unhappy with deal that cuts paid breaks

Saturday  12:40,   11 august 2018
cbc.ca

The union representing 80 workers at four Quebec Tim Hortons claims they've been dealt a blow after an imposed contract cut their paid coffee and lunch breaks, even though their employer is abiding by the collective agreement and the province's [...]

Elon Musk sued over tweets, proposal to take Tesla private

Saturday  08:46,   11 august 2018
cbc.ca

Tesla Inc. and its chief executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the electric car company private. The[...]

Chinese media keep up drumbeat of criticism of U.S.

Saturday  08:46,   11 august 2018
reuters

Chinese media keep up drumbeat of criticism of U.S. China's state media continued a barrage of criticism of the United States on Saturday as their tit-for-tat trade war escalated, while seeking to reassure readers the Chinese economy remains in[...]

Trump threatens auto tariffs if trade talks fail

Saturday  08:46,   11 august 2018
msn

Donald Trump launched a fresh auto-tariff threat against Canada late Friday at a time when Ottawa finds itself in a holding pattern on NAFTA negotiations as it awaits the completion of one-on-one talks between the United States and Mexico. In a[...]

Turkey shaken by financial fears, Trump rattles it further

Saturday  04:35,   11 august 2018
msn

A financial shockwave ripped through Turkey on Friday, when its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO[...]

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

Saturday  04:35,   11 august 2018
reuters

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposalThe lawsuits were filed three days after Musk stunned investors by announcing on Twitter that he might take Tesla private in a record $72 billion transaction that valued[...]

Facebook Is Running Out Of Time To Rebuild Its Reputation

Saturday  00:50,   11 august 2018
huffingtonpost.ca

“Silicon Valley faces many challenges, and I am encouraged that there are so many dedicated, thoughtful and skilled people continuing to tackle these challenges at Facebook.” You bet, Mr Stamos. You bet. But we’re left wondering if your[...]

If Turkey implodes, here's who else will get hurt

Saturday  00:50,   11 august 2018
cnbc

With financial turmoil in Turkey roiling the country’s assets, analysts are busy contemplating which other countries could be exposed and what this could mean for international investors. Turkey has been in economic difficulties since the start[...]

Both Sides of Brexit Can Finally Agree: It’s a Joke

Friday  16:36,   10 august 2018
msn

We’ve been following companies on the front lines of Brexit since the 2016 referendum. CEOs on both sides are dismayed.“There are no heroes here,” said Alasdair Pettigrew, the chief executive of Boxarr Ltd., a Bristol-based startup that designs[...]

Dow set to sink at the open as politics, trade woes keep investors on edge

Friday  16:36,   10 august 2018
cnbc

U.S. stock index futures fell deep into the red ahead of Friday’s open, following negative sentiment in markets overseas. Around 5:35 a.m. ET, Dow futures dropped 93 points, indicating a negative open of -93.23 points, with the S&P 500 and[...]

How a Canadian company older than Confederation has stayed nimble

Friday  11:35,   10 august 2018
canadianbusiness

A century and a half saw B.C.-based produce distribution company, Oppenheimer Group, steadily expand. Here’s how they adapted over the yearsNext time you’re at the grocery store and casually drop some blueberries into your cart, consider that the[...]

Canada’s Job Vacancy Rate Hits Record High; Here’s Where The Jobs Are

Friday  11:31,   10 august 2018
huffingtonpost.ca

Canadian businesses are having a historically hard time finding employees, and the good news for workers is that pay is likely headed up. The latest Help Wanted Report from the Canadian Federation of Independent Business (CFIB) showed Canada's job[...]