Canadian Business

For those of you non-Canadians who do not yet know what the “loonie” is… its the world’s best-performing major currency this year - the Canadian dollar. It rose as high as $1.0717 (U.S.) Friday from Thursday’s close of $1.0512. It settled Friday’s session at $1.0704, up 1.92 cents. The currency has soared 25-percent this year against the greenback — and almost 7 per cent in the past month alone. The gains are most striking against the U.S. dollar, but the loonie is also stronger against every...Read Full Story

Best Buy Canada… maybe not the “best buy” after all - well, at least not in Canada. I was looking for the “best buy” on certain electronics this weekend, and found some interesting information for all Canadian shoppers. Let’s take a look at my shopping list: iPod Touch 16GB - $435.99 ; ($399.99 USD @ bestbuy.com) DVD Player - $69.99 ; ($54.99 USD…) GPS Device - $449.99 ; ($349.99 USD) 37′ LCD - $1299.00 ; ($999.99 USD) ————————————————- Total at BestBuy.ca - $2,256 CAD vs. Total at BestBuy...Read Full Story

TORONTO, March 16 (Reuters) – Toronto’s main stock index jumped on Friday as shares of Astral Media soared on news that BCE Inc will buy the media company for C$3 billion.Read Full Story

TORONTO, March 16 (Reuters) - Toronto's main stock index extended gains on Friday, as shares of Astral Media soared on news BCE Inc will buy the media company. < Prev   Next >Read Full Story

TORONTO, March 16 (Reuters) – Toronto’s main stock index extended gains on Friday, as shares of Astral Media soared on news BCE Inc will buy the media company.Read Full Story

Minera Andes (TSX:T.MAI, Stock Forum) responded Wednesday to reports that its joint venture partner in the San Jose Project, Hochschild Mining plc, had made "firm proposals" to the company for the acquisition of its 49% interest in the project or for the acquisition of all of Minera Andes' shares. Hochschild announced Tuesday that it was making an offer to acquire all of the outstanding common shares of MAI through an-all share transaction, offering 0.22 shares of Hochschild for each share...Read Full Story

Stock markets tumbled Friday as the latest batch of earnings reports and high oil prices raised concerns about U.S. economic growth, while the dollar surged to a fresh decades-old highs after data showed higher-than-expected core inflation in September. On top of that, in the back of investors’ minds was the recollection that it was the 20th anniversary of the 1987 stock market crash, when the Toronto stock market dropped 11 per cent and the Dow Jones industrials nearly 23 per cent on...Read Full Story

The Canadian currency hit a new high Thursday, rising to a three-month high against the US dollar. Supported by steady commodity prices, the loonie - as the Canadian dollar is called - rose as high as 97.61 cents US. The loonie, which is expected to reach parity with the US dollar any time this year, has gained as the greenback has slipped on poor US retail sales data. Since sinking to 77 cents US in March 2009, the Canadian loonie has risen more than 20 percent agaisnt the US dollar. The...Read Full Story

On October 27th, Bank of Montreal (BMO) announced several enhancements; Canadian Investors can now add their non-managed, rationally self directed equity and fixed income investments to their BMO Nesbitt Burns Architect Account. For the first time, clients will be able to have both flexibility and freedom in building their financial future as they consolidate moth managed and client-directed investments into a single investment solution. The Architect program already simplifies investing by...Read Full Story

For the past several years Canadians have been flocking to the home business industry. With the growth of the Internet and the natural relationship between Canada and the U.S., Canadians have been able to tap into the U.S. consumer base. In years gone by most home businesses relied on physically meeting potential customers and required literally thousands of customers to earn a significant income. In the late 90’s the home business industry began to evolve resulting in what is commonly...Read Full Story