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News

Financial Post
financialpost.com > fp-finance > banking > rbc-bmo-sell-moneris-for-2-billion-after-more-than-25-years

RBC, BMO sell Moneris for $2 billion after more than 25 years

5+ hour, 32+ min ago   (353+ words) Sale of payment processing company to U.S. firm adds capital to banks' war chests, says analyst Royal Bank of Canada and Bank of Montreal are selling payment processor Moneris Solutions Corp. to San Francisco-based investment firm Francisco Partners for $2 billion. Once…...

Financial Post
financialpost.com > investing > tsx-stock-soared-analysts-share-price-upside

This TSX stock soared 28% this week with one analyst seeing 'durable, profitable growth"

3+ day, 19+ hour ago   (952+ words) This TSX stock soared 28% this week with one analyst seeing 'durable, profitable growth' Financial Post Where analysts see share prices going after selected energy earnings, why one analyst sees value in buying gold again and more from The Week in…...

Financial Post
financialpost.com > commodities > interfor-confirms-plans-move-corporate-support-to-u-s

Lumber giant Interfor confirms plans to move corporate support to the U.S.

3+ day, 22+ hour ago   (543+ words) CEO says move is not a 'redomiciling' and Burnaby, B.C., will remain corporate headquarters Canadian lumber company Interfor Corp. confirmed plans Friday to move corporate support functions to the United States from its Burnaby, B.C. headquarters. “We recently announced the transition of…...

Financial Post
financialpost.com > real-estate > mortgages > window-for-cheap-mortgage-money-may-be-narrowing

Why the window for cheap mortgage money may be narrowing

3+ day, 22+ hour ago   (1107+ words) Robert McLister: If government borrowing costs rise, interest payments swell federal deficits and rates rise further — and the loop feeds itself CIBC Capital Markets made a rate call Thursday that mortgage borrowers should know about. In the report, the company’s…...

Financial Post
financialpost.com > technology > mda-space-posts-revenue-jump-eyes-opportunities-u-s-europe

MDA Space posts 34% revenue jump as satellite maker eyes opportunities in U.S., Europe

4+ day, 15+ min ago   (520+ words) CEO says business set to grow globally as countries strive to shore up sovereign space capabilities MDA Space Ltd. on Friday announced a 34 per cent revenue jump to $499 million in the quarter ended June 30, beating analyst estimates and boosted by…...

financialpost
financialpost.com > real-estate > drop-listings-tightened-gta-housing-market-july

Sharp drop in listings tightened GTA housing market in July

5+ day, 8+ hour ago   (183+ words) Buyers were left with fewer homes to choose from and increased competition for properties The Toronto housing market tightened further in July as new listings fell at a faster pace than home sales, leaving buyers with fewer homes to choose…...

Financial Post
financialpost.com > technology > shopify-shares-surge-second-quarter-profit-ai-sales

Shopify shares surge on strong second quarter profit as AI helps drive sales

6+ day, 6+ min ago   (423+ words) 'AI is now baked into every decision, every experiment and every merchant interaction,' e-commerce giant's president says Shares of Canadian e-commerce giant Shopify Inc. surged more than 17 per cent on Wednesday after the company announced strong second quarter earnings and…...

Financial Post
financialpost.com > real-estate > mortgages > mortgage-rates > why-borrowers-ignoring-interest-rate-hike-risk

Why so many borrowers are ignoring interest rate hike risk

1+ week, 3+ day ago   (251+ words) Robert McLister: Markets are pricing a 70% chance of the first Bank of Canada rate hike landing by December Canada’s economy bounced back this spring. New StatCan data released Friday suggest second-quarter growth near 3.4 per cent annualized, well above the Bank…...

Financial Post
financialpost.com > real-estate > mortgages > how-buy-house-credit-card

How to buy a house with a credit card

1+ week, 4+ day ago   (1097+ words) Robert McLister: With minimal debt and a solid income, it sometimes works Homes across much of the country are on sale relative to the market’s 2022 peak, with the national MLS Home Price Index having dropped more than 20 per cent. If…...

Financial Post
financialpost.com > commodities > mining > allied-gold-5-billion-sale-chinese-miner-fails

Allied Gold's $5.5 billion sale to Chinese gold miner falls apart amid slide in gold prices

1+ week, 6+ day ago   (493+ words) After the deal was terminated by both parties, China agreed to invest in Allied at a significantly reduced price Toronto-based Allied Gold Corp. said Wednesday that it has terminated its $5.5 billion agreement to be acquired by China’s Zijin Gold Co....