Home » May 23rd, 2012 Entries posted on “May, 2012”

Goodyear Canada – More than a product

Goodyear Canada – More than a product

Goodyear opened its first Canadian store in a small Toronto building in 1910. They established their Canadian operations later that same year, starting out in the bicycle, carriage and the developing automobile industry. Since that historic occasion, the company has grown exponentially – expanding its product lines and earning more success every year. Goodyear Canada […]

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Canada retail sales signal modest growth

Canada retail sales signal modest growth

Canadian retail sales bounced back in March after a weak February, but sales looked soft excluding the auto sector, and the figures sent mixed signals about first-quarter growth. The 0.4 percent increase in retail sales, reported by Statistics Canada on Wednesday, showed consumers spent more after a weak start to the year, but did not […]

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Morgan Stanley Cut Facebook Profit Estimate 5.9% Pre-IPO

Morgan Stanley Cut Facebook Profit Estimate 5.9% Pre-IPO

Morgan Stanley analysts lowered their 2012 projection for Facebook Inc. (FB)’s profit by 5.9 percent days before boosting the price range on the social-networking site’s initial public offering, according to people familiar with the matter. The analysts reduced their 2012 profit projection to 48 cents a share from 51 cents, said the people, who asked […]

Posted in Financial News | Read More »

SNC-Lavalin joint venture finalizes $1 billion Highway 407 extension contract

SNC-Lavalin joint venture finalizes $1 billion Highway 407 extension contract

MONTREAL – A new SNC-Lavalin joint venture recently selected as preferred bidder by the Ontario government has finalized a $1-billion contract to extend the Highway 407 toll road east. The 407 East Development Group General Partnership, a 50/50 joint venture between SNC-Lavalin and Cintra Infraestructuras, will design, build, finance and maintain Phase 1 of the […]

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Trans Mountain oil pipeline overbooked for June

Trans Mountain oil pipeline overbooked for June

CALGARY — Kinder Morgan Energy Partners said on Wednesday that shippers on its Trans Mountain oil pipeline system to Canada’s west coast from Alberta will be able to move just 32 per cent of nominated volumes in June due to overbooking. Kinder Morgan said uncommitted tanker nominations at the Westridge Dock in Vancouver are oversubscribed […]

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TSX reverses course, closes higher as bargain hunting propels gains

TSX reverses course, closes higher as bargain hunting propels gains

TORONTO — The Toronto stock market staged a stunning turnaround Wednesday as bargain hunters moved in mid-afternoon, enabling the TSX to overcome a plunge of almost 200 points to close higher. The market had been in a deep funk ahead of a gathering of European Union leaders. Traders were skeptical the leaders could come up […]

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Small businesses can score big with Pan Am Games

Small businesses can score big with Pan Am Games

The Toronto 2015 Pan/Parapan American Games may be three years away, but small business owner Julie Kaye is already strategizing about how to score big. The founder and chief executive officer of TBD Telecom by Design Inc., a small Toronto-based telecommunications firm, is hoping to earn a juicy contract or two from the sporting event, where there will […]

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Eurozone debt crisis invents a new world for a growing fear – the ‘grexit’

Eurozone debt crisis invents a new world for a growing fear – the ‘grexit’

A new word has entered the eurozone lexicon: Grexit. The term refers to the growing possibility debt-laden, austerity-averse and now apparently ungovernable Greece may exit the euro zone. No one actually wants that. Least of all the Greeks In a recent poll, 81 per cent of Greeks said they wanted to remain a member of […]

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Bombardier launches new Learjet business jets

Bombardier launches new Learjet business jets

Bombardier Inc. launched two new entry-level business jets Monday as Qatar Airways said it would purchase 10 of its larger Global executive jets. It was perhaps just the latest indication that the market for business jets was showing early signs of recovery in the aftermath of the global financial crisis. The Montreal-based manufacturer unveiled its […]

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Bell faces $100M suit over prepaid wireless expiry dates

Bell faces $100M suit over prepaid wireless expiry dates

Bell Mobility and its parent company, BCE Inc. (TSX:BCE) have been served with notice of a $100-million class-action lawsuit alleging that expiry dates on its pre-paid wireless services are illegal. The suit alleges the practice is contrary to Ontario’s Consumer Protection Act and the pre-paid wireless services should be treated as gift cards without an […]

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