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Warnings of REITs demise may be premature
Theresa Tedesco: Despite a recent dramatic pullback, portents of the demise of the roaring real estate investment trusts sector are premature
financialpost.com (6 hours ago) read full article at financialpost.com
Quebec sets two-week deadline for construction strike
The Quebec government has set an informal two-week deadline to resolve the province's construction sector strike as reports surface of union brigades pressing non-unionized workers to put down their tools
financialpost.com (6 hours ago) read full article at financialpost.com
U.S. competition from Nordstrom good for Hudson’s Bay, CEO says
Hudson’s Bay Co. is looking forward to the arrival of rival Nordstrom to Canada, its chief executive says - if only to showcase the veteran Canadian retailer’s superior deals to consumers
financialpost.com (7 hours ago) read full article at financialpost.com
Quebec regulator declares Desjardins too big to fail
The Quebec Financial Markets Authority on Wednesday identified Desjardins Group as a so-called systemically important institution, putting it in the same class as the country's big six banks
financialpost.com (7 hours ago) read full article at financialpost.com
Italian fashion designers Dolce and Gabbana given 20-month jail sentences for tax evasion
Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20-month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions of euros from the Italian tax authorities
financialpost.com (8 hours ago) read full article at financialpost.com
Griffiths International (now Caracal) has more modest going-public ambitions
Caracal Energy has abandoned plans to raise capital as part of an initial public offering. Now it seeks to become a reporting issuer in Canada with a listing on the London Stock Exchange
financialpost.com (8 hours ago) read full article at financialpost.com
Men’s Wearhouse ousts founder George Zimmer who told millions ‘You’re going to like the way you...
In a terse release issued Wednesday, Men’s Wearhouse said it has fired the face of the company and its executive chairman, George Zimmer
financialpost.com (9 hours ago) read full article at financialpost.com
Keystone XL denial won’t block oil sands: ambassador
Heavy oil from Alberta will be developed with or without the proposed Keystone XL pipeline, though the fuel will be delivered to market using less efficient means, Canada’s ambassador to the U.S. said.
financialpost.com (9 hours ago) read full article at financialpost.com
First Leaside founder testifies at OSC hearing into fraud allegations
David Phillips, the founder of defunct real estate investment firm First Leaside Group of Companies, told an Ontario Securities Commission panel that he could not reveal a 'viability' report at the heart of the fraud case against him to investors for fear it would result in a 'Conrad Black and the boxes moment'
financialpost.com (9 hours ago) read full article at financialpost.com
Fed continues buying bonds, but sees economic risks easing
The Federal Reserve on Wednesday said risks to the outlook for the U.S. economy and job market had eased since last fall, but it said it would keep buying US$85-billion in bonds
financialpost.com (10 hours ago) read full article at financialpost.com
Dassault wants Ottawa to open jet fighter contract to replace CF-18
French aircraft maker, Dassault Aviation, is urging the Canadian government to have an open contest for replacing its aging fleet of McDonnell Douglas CF-18 Hornets, arguing its Rafale fighter jet is a perfect fit
financialpost.com (10 hours ago) read full article at financialpost.com
Fed continues bond-buying, gives no indication it’s ready to scale back QE
The U.S. Federal Reserve on Wednesday said it would keep buying US$85-billion in bonds per month and gave no explicit indication that it was close to scaling back the program
financialpost.com (10 hours ago) read full article at financialpost.com
Full text of U.S. Fed statement
Federal Open Market Committee statement
financialpost.com (10 hours ago) read full article at financialpost.com
Bombardier books $297-million regional jet order from African carrier
Bombardier Inc. booked an order Wednesday for its regional jets and turboprops from African carrier, Arik Air.
financialpost.com (11 hours ago) read full article at financialpost.com
Loblaw tests out smaller discount grocery store format in Calgary
Canada’s largest grocer is trying out a new discount small-store format in a bid to attract more customers in urban areas
financialpost.com (11 hours ago) read full article at financialpost.com
Poloz follows Carney as he urges businesses to start spending
Stephen Poloz stepped carefully into the public spotlight Wednesday, ostensibly to begin laying the foundation of his stewardship of the Bank of Canada but offering few concrete ideas to set him apart from his predecessor
financialpost.com (11 hours ago) read full article at financialpost.com
U.S. needs oil sands as surge from shale bonanza seen overdone
The U.S. will continue to need crude from Canada’s oil sands because rising production from its shale formations is too expensive to maintain
financialpost.com (12 hours ago) read full article at financialpost.com
Air Canada has array of choices to replace narrow-body fleet
The Financial Post spoke to all four manufacturers at this year’s Paris Air Show this week to see why they think they have the right aircraft for Air Canada
financialpost.com (12 hours ago) read full article at financialpost.com
Did President Obama ‘essentially fire’ his head banker on national TV?
President Obama was showing Ben Bernanke the door with his comments this week, observers say, and that could mean tapering will begin sooner rather than later
financialpost.com (12 hours ago) read full article at financialpost.com
Time for businesses to start spending to boost economy, Poloz says
Bank of Canada Governor Stephen Poloz says Canadian consumers did their part for the economy by borrowing the country through the worst recession since the Great Depression and now it is the turn of businesses to show some confidence and start spending
financialpost.com (12 hours ago) read full article at financialpost.com
Jail ‘reckless’ bankers and kill bonuses if taxpayer bailouts needed, report urges UK lawmakers
While Canadian bankers continue to win international praise for riding out the global financial crisis, a hard-hitting report in Britain suggests jailing 'reckless' bankers
financialpost.com (12 hours ago) read full article at financialpost.com
BG Group looking to partner up for proposed West Coast LNG project
The U.K.’s BG Group PLC says it expects to own less than 50% of a liquefied natural gas project proposed for Canada’s West Coast
financialpost.com (12 hours ago) read full article at financialpost.com
Why analysts say Lululemon’s growth strategy is a stretch
As the company looks for a new chief executive officer to succeed the retiring Christine Day, there’s growing evidence the yoga-wear powerhouse can’t sustain its current growth
financialpost.com (13 hours ago) read full article at financialpost.com
Valeant follows path set by Agrium by issuing common shares to finance a U.S. takeover
After the markets closed Tuesday, Valeant priced its US$2 offering of common shares: investors, most of whom came from outside Canada, were asked to pay US$85 for each of the 23.5 million shares that were on offer
financialpost.com (14 hours ago) read full article at financialpost.com
North America capable of making ‘OPEC NOPEC’
The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo
financialpost.com (14 hours ago) read full article at financialpost.com
Indiegogo mulls equity crowdfunding, but only if rules won’t ‘stifle innovation’
Investment crowdfunding has been touted as a promising solution for businesses facing difficulties raising equity through public markets, but critics says it's risky for investors
financialpost.com (15 hours ago) read full article at financialpost.com
Imperial Oil to close N.S. refinery after failing to find buyer
Imperial Oil Ltd. says it will convert its refinery in Dartmouth, Nova Scotia to a terminal facility after it was unable to attract a buyer for the plant.
financialpost.com (15 hours ago) read full article at financialpost.com
Money pours into high-yield debt markets in early 2013
As equity markets remain relatively weak, Canadians are pouring investing dollars into high-yield products, sending debt markets soaring
financialpost.com (16 hours ago) read full article at financialpost.com
6.19.13: Where do you invest when the Fed begins tapering?
Worry and speculation have consumed investors since U.S. Federal Reserve Chairman Ben Bernanke spoke to Congress last month about the central bank’s drive to keep long-term interest rates at record lows. On Wednesday, many hope the Fed will settle the confusion
financialpost.com (16 hours ago) read full article at financialpost.com
Housing crash wouldn’t hurt Canadian banks at first
Canadian banks are well positioned to absorb credit losses arising from a housing downturn in the country, say analysts, but a collapse could have knock-on effects that will dampen future earnings growth
financialpost.com (16 hours ago) read full article at financialpost.com
