Bombardier Inc.’s fourth-quarter answers are unlikely to provide much comfort to investors still hanging on after the shares’ plunge into penny-stock territory recently. Bombardier’s biggest gamble: How everything went so wrong with the CSeries dream The story of the CSeries is among bad luck, bad timing and questionable decisions that conspired to leave the Canadian plane maker in the precarious ...
Read More »Infrastructure banker Jim Tower to lead and build out Raymond James’s renewable energy and utilities group
One from the veterans around the globe of infrastructure includes a new house. Jim Tower, the previous managing director, group head of power and utilities at BMO Capital Markets has become with Raymond James Ltd., the local arm of Tampa-based publicly listed Raymond James Financial. At his new firm, Tower, who spent more than two decades at BMO before leaving ...
Read More »William Watson: The bill we’ll all pay for Bombardier’s latest bailout
News reports say the us government is getting to crunch time on whether to lend or give C which is not clear yet C $1 billion to Bombardier Inc., that is having trouble selling its new C-series aircraft. This would be the latest in a long line of federal cheques for the company. If $1 billion is too big several to obtain your mind ...
Read More »Toronto, Vancouver at risk of correction, TD warns, after January home sales and prices surge
TORONTO – Surging sales in the piping hot areas of Toronto and Vancouver last month prompted certainly one of Canada’s big banks to express concerns Tuesday the cities might be vulnerable to a house price correction. The Canadian Real Estate Association reported Tuesday that sales of existing homes rose by eight per cent in January compared to a last year, ...
Read More »Ottawa studying how to help Canadian tech startups become billion-dollar firms
OTTAWA — The us government is closely studying tips about how to help Canadian tech startups come to be global testimonials — transformations that may eventually provide a boost for that ailing economy. Trudeau’s rebranding of Canada offers sunshine to Davos, but it’s cold comfort for battered oilpatch In a speech in Davos, Pm Justin Trudeau distanced Canada from its ...
Read More »Goldman Sachs channels FDR’s ‘nothing to fear but fear itself’ with call to sell gold
Goldman Sachs Group Inc.?says it’s time for you to bet against gold as bullion’s rally to the highest each year isn’t justified,?backing the bearish call?having a comment from a former U.S. leader in a are convinced that was issued, appropriately enough, on Presidents’ Day. Gold will slump to US$1,100 an ounce in 3 months and US$1,000 an ounce in Twelve ...
Read More »Peter Tertzakian: World’s oil supply on the brink of being permanently damaged at these prices
The price for any barrel of oil is dancing in and out of the $20 range, the very first time since 2003. And the analyst chatter is reveling in its bearish tone, skeptical of any meaningful recovery anytime soon, despite today’s half-hearted OPEC announcement. Sure, the Doha deal is flawed, but here’s why it might make a difference to oil ...
Read More »Tim Hortons owner Restaurant Brands International makes aggressive U.S. expansion of coffee chain a priority
TORONTO – After a strong 2015, Restaurant Brands International says it’s prepared to grow Tim Hortons aggressively in the usa this year, something the company continues to be planning to do since its inception. “The (U.S.) may be the world’s largest quick-service restaurant market and that we only have 600 Tim Hortons, and we are really looking forward to the ...
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