Description: Canada’s financial sector has been ranked third in a list of 19 countries for the proportion of female executives serving these institutions. The report by Oliver Wyman credits “a web of support” in the industry for the fact that 23 percent of Canadian financial executives are female. Norway at 35 percent and Sweden at… Read more »
Monthly Archives: December 2014
Uber valuation soars
Description: Have you ever hitched a ride using Uber? The operations of this ride sharing service are proving disruptive to traditional taxi operations in major cities in over 50 countries. Now, Uber has raised an additional $1.2 billion in capital to fuel foreign expansion. This latest round of investment values Uber at over $40 billion…. Read more »
Forestry falling fast
Description: Ten years ago, over 300,000 Canadians made their living in the forestry and related industries. Since then, Canada has lost close to 120,000 jobs in the sector. Currency issues, commodity price swings, and the rise of the internet are all contributing factors to this decline. Meanwhile though, Canadian that depend on forestry jobs… Read more »
The bailout story
Description: One intriguing chapter in the most current report by Canada’s Auditor General, Michael Ferguson, discussed the AG’s examination of the 2009 government bailouts of Chrysler and General Motors. Ferguson reported as much as $4 billion of the governments’ investment could be lost if the federal and Ontario governments trade in their shares too early…. Read more »
Buy back at Samsung
Description: Technology giant Samsung cheered up its investors recently through a major share repurchase. With profits falling, Samsung dug into its treasure chest of cash to placate investors, giving it time to rethink strategy. Samsung appears to be following the trend of several US technology companies that have used their cash surpluses to buy back… Read more »
Canada Post posts profits
Description: A few months ago, Canada Post was crying poor, predicting it would lose over $270 million before taxes. In this climate of loss, Canada Post announced an end to home delivery of mail in an effort to cut costs. This past week, however, Canada Post announced it has income of over $80 million for… Read more »