Canadian Business Canadian Business Canadian Business is a blog containing analysis on daily Canadian and international business news, markets and economy. Our posts provide information, opinons, forecasts, and more. Articles
Tallest Tower, no longer CN Tower
2007-09-13 21:00:00 That’s right… The CN Tower has been surpassed in height by a Dubai building, under construction. This means the CN Tower no longer holds the title as “the world’s tallest building”. The Burj Dubai, a US$4.1-billion hotel, business, and residential complex under construction in the United Arab Emirates, yesterday reached slightly above the CN ... More About: Tallest tower
Investing Online
2007-09-08 23:52:00 If you are new to investing online, don’t put your entire life savings into an online account. Start with a smaller sum, which will be easier to handle and keep track of. Once you feel confident, you can then decide to add more money to your investing online account. Once online, many investors tend to concentrate ... More About: Investing , Online
Canadian Tire Mortgage
2007-09-05 07:26:00 “Canadian Tire Mort gage ” — coming to a Canadian Tire store near you… The Canadian retailer’s financial services arm, Canadian Tire Bank, announced yesterday that it will allow people to combine mortgage, chequing and savings accounts, as well as other loans and credit card balances into a single account. This is a huge move for Canadian Tire, ... More About: Adia
Private Student Loans
2007-09-04 09:57:00 Private Student Loans - If savings, grants, scholarships, and federal loans aren’t covering the cost of your education, it’s time to turn to private student loans. But young college students can’t qualify for a private loan, can they? Wrong! I’ve looked quite a bit into this topic, and decided to post on this and other ... More About: Student Loans , Private , Private Student Loans
TSX MX Merger
2007-09-04 07:20:00 A group of big U.S. and Canadian institutional shareholders is mobilizing to push for the merger of TSX Group Inc. and Montreal Exchange Inc., a deal that the companies have been unable to consummate despite serious talks this summer. The exchanges have publicly trod increasingly separate paths this year, signing up high-powered U.S. allies and ... More About: Merger , Merge
Microsoft RIM takeover
2007-08-30 20:24:00 Microsoft RIM… doesn’t sound too bad, eh? Well, definitely doesn’t sound too bad for Research in Motion (RIM-T) shareholders, whose shares rose today on speculation that the Canadian-maker of the BlackBerry handheld device could be bought by Microsoft Corp (MSFT-Q). Waterloo-based RIM’s shares rose $2.10, or 2.42 percent, to $88.90 in Toronto. Meanwhile in the U.S., ... More About: Technology , Microsoft , Stocks , Takeover
Apple iPhone unlocked
2007-08-29 03:06:00 A New Jersey teen, George Hotz, 17, confirmed last week Friday that he has unlocked Apple ’s iPhone from the AT&T Wireless Network. This frees the most hyped cell phone for use in other networks worldwide. Calls to AT&T and Apple for comment were not immediately returned. The iPhone unlock is still a bit complicated, and requires ... More About: Technology , Iphone , Apple iphone , Unlocked
Prime Minister Stephen Harper?s race to majority
2007-08-29 02:01:00 Although Canadians, in general, seem to be more comfortable with the Conservatives, they hold mixed feelings when asked about Prime Minister Stephen Harper . A poll conducted by the Strategic Counsel shows the Conservatives and the Liberals deadlocked, with each being named as the first choice of 33 percent of respondents. In general though, Canadians seem satisfied ... More About: Race
TEMPORARY SITE MAINTENANCE?
2007-08-26 09:02:00 Dear readers, Canadian Business is currently undergoing some site maintenance. We will try to get this over with as soon as possible. Your patience is appreciated. Thank you. More About: Site , Maintenance , Tena , Temp
Canadian-American Dollar Parity
2007-08-22 01:57:00 The Canadian dollar fell today in the wake of an inflation report that economists said is more likely to keep the Bank of Canada on the sidelines next month. The central bank raised interest rates to 4.5 percent on July 10, and suggested that further increases were a possibility - due to inflationary pressures. ... More About: Dollar , American , Doll , Adia
Mattel class action lawsuit filed
2007-08-21 02:39:00 A class action lawsuit has been filed against Mattel Inc., by Attorney Jefferey Killino, for its lead poisoned toys. The lawsuit, filed today, is aimed at forcing the world’s largest toy maker (Mattel Inc.) to pay for the testing of children who might have gotten lead poisoning from the Chinese-made toys. The 1.5 million toys have ... More About: Action , Lawsuit , Class Action Lawsuit , Class
Credit Crunch Keywords
2007-08-20 02:27:00 What is subprime mortgage? A mortgage given to a home-buyer with less than sufficient credit, or who lacks a proven income source to support loan payments. Lenders with excess money in the U.S. were giving loans to almost anyone who asked - charging a little more interest in return for the riskier loans. The lenders made ... More About: Economy , Credit , Keywords , Crunch
Abu Dhabi National Energy Co. (TAQA) looks to invest in Canada
2007-08-18 09:15:00 An Abu Dhabi , United Arab Emirates energy investment company has started operating a Canadian-based oil and gas firm after completing a two-billion-dollar acquisition. ?Beginning today, Abu Dhabi National Energy Company (TAQA) will own and operate TAQA North Ltd, following the completion of the acquisition of Northrock Resources Ltd, a subsidiary of the US firm Pogo Producing ... More About: Canada , Invest
Say ?Goodbye? to your 2007 TSX gains
2007-08-17 01:24:00 Say ‘Goodbye ’ to your 2007 gains (if you haven’t already done so, on reading the title of this post). For those of you who seen your mutual fund gains vanish after the China scare earlier this year, and haven’t checked on them ever since, your funds are probably just the way you left them ...
Canada?s housing starts slowdown this year: CMHC
2007-08-15 23:28:00 Canada’s housing starts slowdown to 220,000 this year, down 3.2 percent from last year, says the Canadian Mortgage and Housing Corporation (CMHC). This slowdown is partly due to higher prices, and rising mortgage costs. The agency also made a forecast of a drop to 207,200 next year as well. “Despite high employment levels, income gains and ... More About: Canada , Year
Mattel recalls second round of ?Made in China? toys
2007-08-14 18:44:00 Wow. I just finished writing about the possible end of hearing the word “recall” so often - but I guess I was wrong. Toy maker Mattel Inc. just announced its second wave of recalls of Chinese-made toys today, due to concerns that they may contain excessive amounts of lead and small parts. The company is recalling ... More About: Toys , China , Made , Round
China?s toys recalled, CEO suicides, toothpaste recalled again, ?
2007-08-14 00:40:00 China recalls, recalls, and recalls. I’m sure it’s not the first time you heard the words “China” and “recall” together (well by now, at least four times). China is being faced with immense pressure on the safety of its export products. The recent recall of Fisher-Price toys (Dora, Diego, and Sesame Street characters) was ... More About: Toys , China , Toothpaste , Recalled , Paste
Cost of milk rising, blame China
2007-08-12 08:10:00 Among all the other things we blame China for (no offense), we have another to add to the list: the rising cost of milk. Why? Because of the growing appetite for for dairy foods in Asia, mainly China. Other factors, are rising costs for animal feed, shrinking European production and long-standing drought in Australia and ... More About: Milk , Cost , Blame , Lame
Credit Crunch: What is it, and why are stocks hurt by it?
2007-08-11 05:01:00 So what is this credit crunch we keep hearing on the news, what does it mean, and why are investors panicking over it? Simply put, it’s when money becomes hard to borrow. There are few signs of a “credit crunch” in today’s economy - if your an individual with no means of support, sure you’ll ... More About: Stocks , Credit , Hurt , Crunch
Quebec?s new ?bag tax? a possibility
2007-08-11 04:09:00 Quebecers may be soon be face a 20-cent tax on on plastic bags at grocery and other stores. Montreal environmental activist Jacques Lalonde recommended the idea to Montreal Environment Minister, Line Beauchamp. Beauchamp reportedly said she was seriously considering the idea. Lalonde said Quebecers use about 1.5 billion plastic bags a year, and most of them ... More About: Quebec , Ossi , Possibility
Bank of Canada calms markets, boosts liquidity
2007-08-10 01:25:00 The Bank of Canada intervened a bit more than usual today in an attempt to help investors suffering from the high turbulence in both Canadian and American stock markets. Canada’s central bank took the rare step of publicly reassuring investors that it will help provide stability to financial markets and the domestic financial system - ... More About: Markets , Calm
Bush?s words of wisdom on the American economy - {sarcasm}
2007-08-08 22:48:00 President George W. Bush , with his very reassuring (or not) tone, today said he believe the recent turbulence on Wall Street will soon be over, and we will reach a “soft landing”. Maybe he was talking about war planes in Iraq, Katrina rescue planes, or social security? I don’t think he even knows himself. Sorry ... More About: Economy , Sarcasm , Words , American
Chrysler takes a gamble in naming Robert Nardelli CEO
2007-08-08 06:27:00 Chrysler’s new owner, Cereberus Capital Management named Robert Nardelli (yes, Bob Nardelli) as the company’s new CEO. For those of you found the name familiar, yes it is the same Nardelli who in January was pushed out of Home Depot amid shareholder outrage over his $210-million pay. So when you see his name again as ... More About: Chrysler , Gamble , Ming , Nami
Walmart makes move to India?s retail
2007-08-07 20:53:00 Wal-mart Stores Inc. and India ’s Bharti Enterprises signed a deal yesterday to jointly build wholesale outlets that will buy goods from farmers and small manufacturers and sell them to retailers through a nation-wide supply chain. This may be lead to the American company (Wal-Mart) in eventually gaining a foothold in India’s massive, booming, but well-protected ... More About: Retail , Move , Walmart , Tail
Market Recession still avoidable
2007-08-05 20:41:00 The U.S. housing sector slumps, fewer job growth, stagnant wages, negative savings, high debt, high interest rates, high energy prices — relax, don’t run for the exits just yet. All this only leads to a possibility of an economic recession, as you have probably already heard from your respective media sources. The problem is a ... More About: Market , Recession , Avoid
Why the strong Canadian Dollar is not helping lower prices
2007-08-04 09:54:00 I am guessing you are looking forward for an answer in this post. I’m sorry, but you won’t find one. Unfortunately, I myself am looking for an answer… I am frustrated at the fact that we are currently paying too much for imported goods. The recent surge of the Canadian dollar should reflect on the ... More About: Dollar , Lower , Strong , Ping
Tim Horton?s vs. Starbucks -umm, both losers
2007-08-04 08:44:00 I’m sure the title’s got your attention - probably not used to seeing Tim Horton’s or Starbucks beside the word “losers”. For those of you don’t know Tim Horton’s, you’re definitely not Canadian. Tim Horton’s, rather “Tims” (as it is affectionately known in Canada), is Canada’s largest fast food chain. Now you’re probably wondering why ... More About: Losers , Buck
Fisher-Price recalls 1 million toys, $30M U.S.
2007-08-02 19:40:00 Toy-maker Mattel Inc., parent company of Fisher-Price , is recalling nearly 1 million toys - which will cost it about $30 million from its second quarter profits. The toys, including the popular Big Bird, Elmo, Dora and Diego characters, are being recalled due to excessive amounts of lead on their paint. The worldwide recall, announced today, involves ... More About: Toys , Million , Fisher Price , Fisher-Price
A fresh bottle of Aquafina, Dasani? tap water?
2007-08-02 02:46:00 There isn’t anything, on a blazing hot summer day, like a fresh bottle of Aqua fina or Dasani… tap water? Yes, that’s right… For those of you who didn’t know what the simply innocent looking “P.W.S” on Aquafina ’s water bottle stood for: it’s “Public Water Source” (a.k.a. tap water). Last week PepsiCo announced that the label ... More About: Fresh , Bottle
Canadians choose Internet over radio, TV: CRTC
More articles from this author:2007-08-01 19:38:00 Canadians appear to be switching off conventional broadcasting media (including radio and television), and now logging on to the Internet - according to a new report on broadcasting by the CRTC. The Canadian Radio -television and Telecommunications Commission’s eight annual report on the state of the industry, found that 70 percent of Canadian households subscribed to the ... More About: Canadians , Choose , Adio 1, 2, 3, 4 |
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