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
Quit Smoking for a PST Tax Credit?
2007-07-31 09:18:00 Ontario is trying to help smokers quit by providing all residents a PST (Provincial Sales Tax) break on smoking cessation aids in two weeks. Beginning August 14, those who wish to quit smoking won’t have to pay the 8 percent sales tax on nicotine replacement therapy products (patches, gums, inhalers, pills…). The credit will be ... More About: Credit , Quit Smoking , Smoking , Quit , Tax credit
China economy STILL out of control
2007-07-31 00:27:00 The latest of attempts in keeping the world’s fourth-largest economy from overheating, was today when China ’s central bank raised the level of deposit that lenders must hold in reserve (the bank reserve requirement) for the 9th time in thirteen months. Again this is not a surprising move, as the policy makers have been continuously tightening policy ... More About: Economy , Control , Out Of Control , Econ
Top 7 Reasons to Invest Beyond our Borders
2007-07-29 20:39:00 The Canadian culture has always been known as a high-risk-taking-culture — NOT. Making foreign investments becomes increasingly important in order to achieve financial success. Limiting yourselves to a domestic Canadian market will reduce many financial opportunities. Here are the Top 7 Reasons to make foreign investments: 1) Canada is a small market. Canada represents only ... More About: Invest , Borders , Orders
Lululemon stock doubles in debut
2007-07-29 20:10:00 Shares of Lulu lemon Athletica Inc. spiked more than 50 percent on its first day of trading on Friday. The yoga-clothing retailer raised $327.6 million (much more than anticipated) in Canada’s largest initial public offering this year. The company’s stock closed at $29.72 on the TSX (”LLL”), and at $28 on the NASDAQ (”LULU”). The company ... More About: Stock , Debut
Top 5 Cities - Parking Costs
2007-07-27 22:59:00 I always though parking in Toronto was too costly - of which I was right. But I just found out it isn’t nearly as bad as Calgary - Canada’s most costly parking city. Canada’s parking market is on fire. A new study by real estate services company Colliers International says daily rates rost 7.4% across he ... More About: Parking , Cities , Costs
Apple profits pushes stock up, on a rainy day
2007-07-27 01:21:00 It was another rainy day on the North American stock markets today, with triple digit losses. Somebody screamed ‘FIRE’, on increasing concerns about the mortgage and corporate lending markets in the United States. Anxiety built up after the U.S. Commerce Department reported sales of new homes down 6.6 percent last month. Eventually we had investors ... More About: Apple , Stock , Profits , Push
IMF raises global economic growth forecast
2007-07-26 07:29:00 The International Monetary Fund raised its global economic growth forecasts on Wednesday. In its forecast, the IMF mentioned increased expansion in China, India, and Russia; and also some stability in the United States despite the risks it still faces in its housing market The IMF updated its global growth forecast to 5.2 percent for both ... More About: Global , Growth , Economic , Econ , Fore
Canada CRTC deregulates phone markets
2007-07-26 00:08:00 A government ruling today will allow Canada ’s biggest phone companies to be free from regulations in the some marketplaces. This opens the door to more competition and lower home telephone bills (finally). The Canadian Radio-television and Telecommunications Commission (CRTC), the government agency currently regulating the markets, made the announcement today that home phone rates will be ... More About: Phone , Markets
Facebook lawsuit threatens shutdown
2007-07-25 23:28:00 The owners of a rival social networking website, ConnectU, are trying to shut down Facebook on charges that Mark Zuckerber, founder of Facebook, stole their ideas while they were students at Harvard. The three founders of ConnectU, Zuckerberg’s classmates, claim that they were working together on ConnectU while Zuckerberg repeatedly stalled and eventually created Facebook using ... More About: Lawsuit , Shut , Suit , Threat
Dollar soars to 30-year high, TSX plummets
2007-07-25 02:43:00 The Canadian dollar continues to experience record highs as retail sales were reported strong today. The loonie was pushed up 0.88 of a cent to 96.39 US cents today. The dollar has risen 10.8 percent this year, and is currently at its highest levels since May 1977. The strong dollar, a blowout May retail sales report, ... More About: Dollar , High , Plum , Year , Soar
Amazon.com delivers, shares jump
2007-07-25 02:05:00 Amazon.com Inc. reported quarterly net profit today, which rose an astonishing 250 percent, as sales in its home market jumped. Consequently, shares were sent up nearly 13 percent. It was indeed an amazing performance. Net income in the second quarter rose to $78 million, or 19 cents per share, compared with $22 million, or 5 cents ... More About: Amazon , Jump , Shares , Elive , Liver
Vancouver strike may affect 2010 Olympics
2007-07-24 10:14:00 Vancouver’s civic strike of 1,800 outside workers escalated Monday. At about 8 a.m., 2,500 inside workers (CUPE 15 members) took to the picket lines across 124 city sites. Later in the day, almost 800 librarians also poised to walk off the job. The strike revokes the ability to run city fitness centers, pools, rinks, day camps, ... More About: Olympics , Vancouver , Strike
Former DND bureaucrat guilty of fraud
2007-07-24 09:40:00 Canada’s Department of National Defense hit the news Monday as accused Paul Champagne pleaded guilty to fraud and breach of trust. During his term as bureaucrat, a course of nearly a decade, Champagne had funneled more than $100 million into his controlled bank accounts. Champagne’s scheme was complicated, and it built over time. He supposedly saved ... More About: Fraud , Guilty
American Airlines shares rocket on takeover talk
2007-07-24 09:11:00 Shares of AMR Corp., parent company of American Airlines , rose more than 7 percent Monday on the basis of possible, but persistent takeover of the company. American was among several US airlines, earlier this year, said to have been looking for merger partners. There were also speculations of major airlines like American, to be potential targets ... More About: Takeover , Talk , Rocket
India?s first female prime minister
2007-07-22 03:28:00 Pratibha Patil, 72, will become India ’s first female PM. She won almost two-thirds the votes by state assemblies and the country’s parliament. Patil will be sworn in as president for a five-year term on July 25. Patil’s victory is more iconic, and a boost to all Indian women, who still today confront widespread discrimination. More About: Prime Minister , Female , Minister , Prime
Energy Star tax credit for Ontario
2007-07-21 01:17:00 A temporary retail tax exemption begins today for Ontario residents who purchase certain Energy Star household products (refrigerators, dishwashers, washing machines, freezers, etc.). The Ontario provincial sales tax will be waived on products purchased, rented, or leased before July 20, 2008. This one-year tax break is expected to save us, consumers, a total of $51-milion dollars. I ... More About: Credit
China?s economic growth unsustainable
2007-07-20 23:08:00 The People’s Bank of China , China’s central bank, raised interest rates once again today in their continous attempt to keep inflation under control, and prevent one of the largest economies in the world from busting. The Chinese government yesterday reported annual growth at 11.9 percent in the second quarter. The hike was much anticipated by the ... More About: Growth , Economic , Econ , Grow
Conrad Black still out on bail
2007-07-20 01:01:00 Prosecutors’ requests to have Conrad Black ’s bail privileges revoked, has been denied today by a Chicago judge. Lord Black was convicted three counts of fraud and one count of obstruction of justice - crimes that will probably result in a sentence of 30 years. I think Black forced himself to a dead end on this one, and ... More About: Conrad Black , Lack
Canadian Pacific Railway takeover bid rumors most likely false
2007-07-19 00:51:00 Canadian stocks jumped their highest since January on speculations of a Canadian Pacific Railway Ltd. takeover, as the company confirmed it received a bid earlier this year from Brookfield Asset Managment Inc. (one of Canada’s largest investment companies). Brookfield, along with American investment bank Goldman Sachs and Quebec’s Caisse de Depot pension fund, is in ... More About: Rumors , Takeover , Canadian , Like
RIM stands ground against iPhone
2007-07-18 07:54:00 Waterloo, ON based Research in Motion yesterday promised further growth to its shareholders. RIM cheifs sounded very confident about the release of a new BlackBerry spartphone that can access both Wi-Fi and cellular networks. The new BlackBerry 8820 will be RIM’s first dual-mode smartphone, and its thinnest with a keyboard. Sure the BlackBerry will have some ... More About: Iphone , Ground , Round , Stand
Will Facebook survive?
2007-07-18 07:21:00 There has been a huge spotlight on the net’s fastest growing social utility, Facebook . 23-year-old Mark Zuckerberg initially made Facebook available to people only in Harvard - where he went to college. It was then introduced to all colleges, high schools, some comanies, and now everyone. Today there are 150,000 people signing up daily, growing ... More About: Survive , Vive
Will Facebook survive?
2007-07-18 07:21:00 There has been a huge spotlight on the net’s fastest growing social utility, Facebook . 23-year-old Mark Zuckerberg initially made Facebook available to people only in Harvard - where he went to college. It was then introduced to all colleges, high schools, some comanies, and now everyone. Today there are 150,000 people signing up daily, growing ... More About: Survive , Vive
Toronto threatened with two new taxes
2007-07-18 06:25:00 The country’s largest city, Toronto , has always been known as the economic capital of the country. Today this view is arguably incorrect. The city has been shedding jobs in the manufacturing sector for the past five years. The average unemployment rate for this period has been 8.1 percent. For the first time in history, the rate is higher ... More About: Taxes , Threat
Gasoline prices below a dollar
2007-07-18 05:28:00 Gasoline prices at the pumps dipped as much as 10 cents across the country today (I’m sure you’ve all noticed) as a result of wholesale prices declining. The decline was due to speculative talks of increasing North American gasoline inventories, along with increased capacity at refineries. Importing gasoline from American refineries was also cheaper because of ... More About: Dollar , Gasoline , Below , Doll , Belo
Canadian dollar rises with oil price
2007-07-17 01:44:00 The Canadian loonie surged to a 30-year high today as the price of crude oil traded at an 11-month high. The dollar hit 96 cents versus the US Doll ar . More About: Price , Canadian Dollar
Canadian dollar rises with oil price
More articles from this author:2007-07-17 01:44:00 The Canadian loonie surged to a 30-year high today as the price of crude oil traded at an 11-month high. The dollar hit 96 cents versus the US Doll ar . More About: Price , Canadian Dollar 1, 2, 3, 4 |
|
 |
|
 |
