Urgency to Reduce Debt: Finance Minister Jim Flaherty urged European leaders to find a solution to their debt crisis quickly, or risk further harm to the global economy. “This dire and pressing problem threatens not only Europe itself, but all countries,” Flaherty told a business audience at a luncheon for the Canadian Club in Toronto…. Read more »
Monthly Archives: November 2011
Too good to be true
In 2008, two men, one American, one Canadian, catapulted investment fraud into headlines around the world. The Canadian was 67-year-old Earl Jones, a Montreal native who bilked 158 investors, including his cancer-stricken brother, his own daughter and other family members, out of $50 million. Like Madoff, Jones had managed to get away with his Ponzi-type… Read more »
Students Protest: Hike in University Fees!
Quebec students proved they are serious about fighting tuition fee increases as thousands skipped classes and marched through the streets of downtown Montreal on Thursday to demonstrate their opposition. For Martine Desjardins, president of the Federation Etudiante Universitaire du Quebec, the boycott was a success — both because of the number of students who rallied… Read more »
Groupon shares jump 35% after IPO
What is an IPO? An initial public offering, or IPO, is the first sale of a corporation’s common shares to investors on a public stock exchange. The main purpose of an IPO is to raise capital for the corporation. While IPOs are effective at raising capital, being listed on a stock exchange comes with heavy… Read more »