Tuesday, October 23, 2018

Shares in major cannabis companies sell off sharply

The biggest cannabis companies in Canada all sold off sharply on Monday as investors pulled money out of the sector. https://www.cbc.ca/news/business/pot-stocks-monday-1.4873243?cmp=rss

‘Mismatch’ between what telco customers expect and what they actually get, CRTC told

Government-ordered hearings into complaints about Canada's largest telecommunications providers got underway Monday with an industry-funded ombudsman saying his group has limited insight...

Imperial Oil restarts Norman Wells crude output after pipeline repairs

Imperial Oil Ltd. has restarted oil production at Norman Wells in the Northwest Territories almost two years after being forced to suspend...

When 15 per cent was a good rate for a mortgage

In 1981, buyers weren't frightened of the payments — but sometimes it meant they bought a less expensive house. https://www.cbc.ca/archives/when-15-per-cent-was-a-good-rate-for-a-mortgage-1.4872597?cmp=rss

Netflix taps bond markets for $2B US to pay for content

Netflix Inc announced its third tap of debt markets in a year on Monday, aiming to raise about $2 billion US as...

Incoming Mexican officials arrive in Ottawa for talks and some touring

Key ministers from incoming Mexican president Andres Manuel Lopez Obrador's government are in Ottawa today for meetings with their Canadian counterparts. https://www.cbc.ca/news/politics/mexico-amlo-talks-monday-1.4872540?cmp=rss

Steel tariffs may lift when USMCA signed, new Mexican foreign minister says

The U.S. is expected to lift its steel and aluminum tariffs when a new North American trade deal is signed, Mexico's incoming...

Homeowners worried about paying down debt as interest rates go up

Many Canadian homeowners are worried about rising interest rates and how they will impact their budget, a new CBC Research survey finds....

Liberal government writes off $1.1B US loan to Chrysler, plus interest, docs show

CBC News has learned that the Liberal government has written off a loan made to Chrysler in 2009 to bail out the...

The number of Canadian millionaires will jump by more than half in the next...

The number of millionaires in Canada will jump by more than half in the next five years, a faster growth rate than...