finances
Bombardier cuts outlook, full year revenue guidance down by US$1B [UPDATED]
Full first-quarter financial results released on May 2.
Federal budget expected to have more wiggle room, even with weaker outlook
Economy posted solid numbers for much of last year and employment has remained particularly strong.
Canada’s Big 5 bank CEOs pay rises 6.5% to earn $54M in 2018
A double-digit overall pay bump may make some bat an eye, but increase in compensation is reflection of complexities in financial sector CEOs face, expert says.
Bank of Canada’s interest rate decision helps utilities and telecom sectors
The BoC decided not to increase interest rates.
Tesla to pay off US$920M in bonds with company cash
Tesla had about $11 billion in debt at the end of 2018.
Liberals say they are looking at ways to provide minimum income to all Canadians
The pledge could pull votes away from the New Democrats and Conservatives.
Canada’s robust credit rating should calm fears about federal deficits: Trudeau
One expert says credit ratings can be misleading.
AltaGas slashes dividend, sells remaining stake in BC hydroelectric operation
The company also says it has targeted an additional $1.5 billion to $2 billion in asset sales next year.
Doug Ford, in fireside chat, says PC government ‘may’ balance budget by year 4
His government has said the shortfall they inherited from the Liberals was $15 billion.
French bank fined US$1.3B in penalties over Cuba dealings [UPDATED]
It’s the second largest penalty ever imposed on a financial institution for violating US economic sanctions.
Even small companies may be able to cut Amazon like deals
Whether a small business wants to buy or rent, it may have leverage with landlords or local governments to get breaks on rent or taxes.
Bombardier shares rebound from Friday’s loss by gaining more than 20 per cent
Quebec’s financial market regulator announced Thursday it is reviewing Bombardier’s executive compensation plan.
Ontario to announce tax exemption for low income workers in fall fiscal update: sources
Workers earning less than $30,000 will no longer have to pay provincial income tax starting next year.
TransCanada expects to raise dividend at eight to 10 per cent annual rate
Last week, a US judge blocked a permit for TransCanada’s Keystone XL project and ordered officials to conduct a new environmental review.
Ottawa to run bigger than expected deficits over coming years
Feds are on pace to post a $19.4-billion deficit in 2018-19, $1.3 billion higher than the projection in last February’s budget.