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Analyst shorts Canada on housing market slowdown

Hanson Advisor analyst Ben Rabidoux, says that while Canada's housing market surged in the wake of the financial crisis that strength is not sustainable. And when the housing market slows down, which...
Brady Yauch, BNN.ca
Posted on 5-21-2013 at 3:20 PM
Tags: Real Estate

Microsoft unveils new Xbox One game console

Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the Xbox One will attract existing video game fans while also becoming a hub for living room entertainment.
Bill Rigby, Reuters
Posted on 5-21-2013 at 3:00 PM
Tags: Microsoft

BlackBerry shifting emphasis from smartphones to services

BlackBerry no longer owns the fast-paced, innovative smartphone world but the company, whose email-on-your-hip devices once revolutionized the industry, now aims to run it.
Euan Rocha, Reuters
Posted on 5-21-2013 at 2:51 PM
Tags: BlackBerry

E.U. watchdog unveils caps for bank bonuses

E.U. regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash.
Huw Jones, Reuters
Posted on 5-21-2013 at 1:49 PM
Tags: European Union, Investing, Investment

Carney says Europe needs big reforms

Europe could face a decade of stagnation unless it makes big reforms and should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to...
Louise Egan and Randall Palmer, Reuters
Posted on 5-21-2013 at 1:37 PM
Tags: Bank of Canada, Japan, European Central Bank (ECB), European Union

Bank of Montreal says U.S. ambassador to become vice-chairman

U.S. Ambassador to Canada David Jacobson will join Bank of Montreal as vice-chairman after he leaves his diplomatic post and will work in the bank's U.S. division, BMO said on Tuesday.
Cameron French, Reuters
Posted on 5-21-2013 at 12:56 PM
Tags: Bank of Montreal

CP Rail says oil leaking after tankers derail in Saskatchewan

Canadian Pacific Railway Ltd said five tankers containing oil derailed on Tuesday morning near Jansen, Saskatchewan, and one of the cars is leaking crude.
Reuters
Posted on 5-21-2013 at 11:37 AM
Tags: Canadian Pacific Railway (CP), Oil

OSFI's Dickson warns of the danger of low rates

Record low interest rates may be fueling asset bubbles and the eventual return to more normal rates could be "painful" for the country's largest banks, Julie Dickson, superintendent at the country's...
Brady Yauch, BNN.ca
Posted on 5-21-2013 at 11:11 AM
Tags: Office of the Superintendent of Financial Institutions (OFSI)

Sprint raises buyout offer for Clearwire by 14%

Sprint Nextel Corp said on Tuesday it raised its buyout offer for wireless service provider Clearwire Corp 14 percent to $3.40 US per share, just hours before shareholders were set to vote on the...
Sinead Carew, Reuters
Posted on 5-21-2013 at 9:27 AM
Tags: Sprint Nextel, Clearwire

Saks sees sales rising, speeds up e-commerce launch

Saks Inc reported higher-than-expected first-quarter sales on Tuesday and said it would speed up the launch of an e-commerce site for its outlet chain as it tries to catch rivals.
Reuters
Posted on 5-21-2013 at 8:38 AM
Tags: Saks
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