Canada Business News
Canada Business News and Reports
Know what decisions the prime minister is taking that can affect your business or its industry and what changes are being pushed by the country’s top financial regulations. Be updated about corporate developments that can drive big movements in the Toronto Stock Exchange.
Get the latest about the most popular companies operating in Alberta, British Columbia and Ontario and what international players are entering their markets.
Yum Brands Q3 Profit Report Fails to Ease China Fears
KFC’s parent company Yum Brands Inc. said on Wednesday that its net profit has hit $383 million in the third quarter that ended September 3, matching Wall Street’s expectations of 80 cents per share for the period.
US Regulator to Seek Higher Mortgage Fees, Risk-sharing
The federal regulator in charge of Fannie Mae and Freddie Mac said that he is considering some policy reforms in two of the biggest mortgage firms in the United States – which includes raising mortgage costs and risk-sharing with the private sector.
US Household Wealth Dips in Q2
A new data released by the United States government showed that the average net worth of an American household dropped slightly as stocks portfolio and home prices slipped in April-June 2011.
Canada Government Wants To Grab 10th Place In Global Economy Competitiveness
The government wants Canada to get the 10th place in the ranking of global competitiveness all over the world. It may look like aiming for a lower position but they were just referring to their 2008 ranking when giving the said goal.
Wi-Lan Files A Case Against Major Technology Companies
Wi-Lan is a small company that handles the products under exclusive rights of companies as well as the collection of licensing fees.
Xceed Mortgage Corp. Charged By HSBC Financial For Breach Cases
Xceed Mortgage Corp., announced that it received a statement of complaint from HSBC Financial regarding the breach cases relevant to its different transactions and dealings with the Vancouver based company.
Warner Bros. Chose Quebec as Their Ideal Location for Their Development Studio
Warner Bros. announced that they will construct their development studio Montreal, which can generate jobs for more than 300 people.
Workers Strike at St. Marys Cement In Bowmanville, Ont., Over Pension Demands
Workers held a strike outside St. Mary’s Cement in Bowmanville. The workers walked out due to their resistance to the changes the company plans for their pension plan.
National Energy Board Approves TransCanada’s Keystone XL Project
After some time of waiting, TransCanada’s Keystone XL project has been approved by the National Energy Board. It is expected to start by early 2011.
The Bank of Nova Scotia’s Q1 Profits Climbed 17% At $988 Million
Scotiabank was able to gather that their first quarter profits were at its best as it increased by 17%, which is at $988 million as compared to last year’s.
Westjet Airlines Launched Its Travelling Reward Programs to Make Up For the Delays
WestJet wants to get the most passengers as possible to be ahead of Air Canada by promoting their own travelling programs.
Canaccord Financial got Genuity Capital Markets for $290 Million
Canaccord was able to set a deal to buy in Genuity Capital for $290 million, which increased its profits to $15.1 million in the third quarter.
World Color Press Advances despite Decrease in Profits This Year
World Color Press Inc. is showing the slightest improvement despite the obvious decline the revenues for this year.
TransCanada Will Delay Crude Oil Shipping By 6 To 8 Weeks
TransCanada had a problem in their Keystone pipeline, delaying the shipping of the crude oil by 6 to 8 weeks.
Business Schools in Atlantic Canada
Atlantic Canada is popularly known to be an ideal place for aspiring businessmen to finish their MBA programs because of its excellent curricular offerings.
Westaim Enters Insurance Sector through Purchase of Kingsway Unit
Kingsway is dealing off their Jevco Insurance subsidiary to Westaim Corp. to be able to pay for their debts.
Target Insists Canada Expansion Plan to Be Tentative
Target Corp. said it would take time before deciding on entering Canadian market. Analyst says their missing out chances to profitably expand in healthy Canadian soil.
Premium Brands Acquires Halal Meat Supplier for $2.1 Million
Premium Brands purchased Vancouver Halal meat supplier amounting to $2.1 million obtaining founder and operator South Sea Meats’ Ahsan Razak as part of their management team.
Viterra Fourth Quarter Sales Drops By 17.6%
Viterra Inc. as well as other agricultural products experienced dramatic drop on sales. Viterra Inc. loss due to higher cost incurred by their market integration and commodity prices decline.
Liz Claiborne Sells Outlets in Canada
Liz sells her 38 Claiborne Canadian’s outlets to Laura Canada.Liz Claiborne - New York-based fashion house is drawing out its retail operations in Canada. Liz Claiborne is selling her 38 Canadian stores to Laura Canada - Montreal-based retailer.
Toronto Merchant Bank C.A. Bancorp Rejects Maxam Offer, Bid Extended
Bidder for Toronto-based merchant bank C.A. Bancorp Inc. increased its offer to $1.45 per share in cash. Maxam initial offer per share criticized and called opportunistic and financially inadequate.
Steve West as New CEO, Peter Dans Incoming CFO
Taking major initiative to reinvent itself as a smaller and more focused medical isotope business, MDS Inc. (TSX:MDS) officially named Steve West as the new CEO, Friday.
Toromont Increases Their Takeover Offer for Enerflex to $668M
Toromont expressed a strong desire to finally acquire Enerflex by significantly increasing their takeover offer to the amount of $668 million but gave a deadline which would at least be until January 20.
Macquarie Acquires Blackmont Capital
Macquarie group made an announcement that they have just completed their acquisition of Blackmont Capital. With that in mind, the company is looking forward for further expansion and growth.
Toyota Gets Top Spot for Car Sales in Canada
Lots have been really surprised for the reports that said Toyota has topped General Motors in Canada according to their recent sales statistics.
Royal Laser Gets Offers Amounting Up to $30 Million
Royal Laser now finds itself in the middle of making huge decisions regarding which offer to grab and turn down with what looks to be a $30 million deal.
Two Top HudBay Officers Step Down
Two top HudBay officers recently announced that they will be leaving the company soon – much to the disappointment of some company insiders.
Suncor Energy Inc Reports Net Profit of C$929 Million in the Third Quarter
With the merger of Petro-Canada to Suncor has lead to better earnings. Net profit of C$929million from the third quarter was reported by Suncor.
TSX Downs Affects Economic Recovery Strength
This is not a good week for the Toronto Stock Exchange because of the downs in stocks. The United States have also experienced some downs but it did not pull the Toronto stocks up.
Why Canadian Exporters Are Focusing To Asia More
Monarch Industries Ltd. and many other Canada-based manufacturers are starting to shift their efforts and focus on another market – exporting to China and other Asian countries.
With the Availability of Iphone, Telus Increases Risk for Blackberry
Telus will be facing a risk for Blackberry, knowing that iPhone is ringing a bell.
Successful Young Canadian Entrepreneurs Honored By BDC during Small Business Week
For the initiative and hard work of Young Canadian Entrepreneurs, they will be honored by BDC through the Small Business Week.
Western Canada Alerted for Stock Repurchase Scam
The four provinces in Western Canada were alerted due to the spread of the stock repurchasing scam. Scammers are said to ask for a fee for an offer to repurchase stocks in an inflated rate, but never did.
Harper Takes Action with Fragile Economy despite Recovery
Due to the observed fragility of Canada’s economy despite the ongoing recovery of the country from recession, Prime Minister Harper points out concentration on all levels of industry.
BDC Aids Auto Parts Manufacturers to Continue Production
BDC aids auto parts manufacturers to continue production in Canada. Being updated with the latest Canada business news can give Canada entrepreneurs precious input on how big players effectively manage their businesses and how to achieve success.
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