Andrea's Feed
Sep 18, 2013

Facebook apologizes, bans advertiser who used photo of dead teenager

TORONTO (Reuters) – Facebook Inc said on Wednesday it has banned an advertiser that used photographs of a deceased Canadian bullying victim in an ad for an online dating website.

A Facebook user noticed the ad, which featured a photo of Rehtaeh Parsons, a 17-year-old Halifax girl who died after a suicide attempt that followed months of cyber bullying and an alleged sexual assault.

Sep 16, 2013

Canada home sales jump in August, defy predicted slowdown

TORONTO, Sept 16 (Reuters) – Sales of existing homes in
Canada rose in August from July and were much higher than a year
earlier, the Canadian Real Estate Association said on Monday in
a report that showed continued strong demand in housing that may
end as mortgage rates rise.

The industry group for Canadian real estate agents said
sales activity was up a solid 2.8 percent in August from the
month before. While that may reflect rising mortgage rates
pulling demand from the future, it still defied predictions
early in the year for a sharp slowdown in Canadian housing.

Sep 10, 2013

AGF hopes to lure investors with pledge not to lose their money

TORONTO, Sept 10 (Reuters) – AGF Management Ltd hopes to
lure Canadian investors back to its mutual fund lineup with a
new class of equity funds whose goal is simple: not to lose

With the 2008-09 financial crises still in the rear view
mirror, many Canadians have been reluctant to return to the
equity funds that were both the bread and butter of their
portfolios and cash cows for fund companies.

Sep 9, 2013

Neiman Marcus sold for $6 billion to Canada Pension Plan, Ares

NEW YORK/TORONTO (Reuters) – The owners of Neiman Marcus Inc NMRCUS.UL agreed to sell the U.S. luxury department store chain to two private investors for $6 billion, almost $1 billion more than they paid for the company in 2005.

The buyers, Ares Management LLC and the Canada Pension Plan Investment Board (CPPIB), said on Monday they will split ownership equally, with an undisclosed minority stake going to current management.

Sep 5, 2013

Scotiabank CEO says rate hikes best tool to avert housing bubble

TORONTO, Sept 5 (Reuters) – Canadian policymakers should
raise interest rates if they fear a bubble is forming in the
nation’s housing market rather than imposing more regulations on
Canada’s big banks and mortgage lenders, the head of Bank of
Nova Scotia said on Thursday.

Reacting to a slew of rule changes that the federal
government has made over the past five years to tighten mortgage
lending, Scotiabank Chief Executive Rick Waugh said there are
better tools to guard against housing bubbles.

Sep 3, 2013

Financial advisers shift strategy to serve older clients

TORONTO (Reuters) – Canadian financial adviser Leony deGraaf decided to specialize in elder care after watching her father help seniors in his own practice, and she’s never looked back – grateful for the life lessons her clients teach her as she manages their investments.

“It doesn’t seem like a lot of advisers take the time to sit down and really explain everything, but it’s really rewarding. They’ve really taught me a lot over the years – lessons from their generation, starting with ‘Save before you spend,’” said deGraaf, 42, who completed the Elder Planning Counselor (EPC) designation nearly 10 years ago.

Aug 15, 2013

SEC bars Conrad Black from U.S. directorships

By Andrea Hopkins

(Reuters) – The U.S. securities regulator on Thursday banned former press baron Conrad Black from acting as a director of a U.S. company and said he must pay $4.1 million in restitution in a settlement that ends a long-standing lawsuit over Black’s dealings as the head of the Hollinger media empire.

In its heyday, Hollinger International operated a raft of newspapers that included the Chicago Sun-Times, the Jerusalem Post, Britain’s Daily Telegraph and the National Post in Black’s native Canada. Black, 68, gave up Canadian citizenship when he became a member of Britain’s House of Lords.

Aug 15, 2013

Canadian home sales edge up, housing starts to stabilize

TORONTO, Aug 15 (Reuters) – Sales of existing homes in
Canada edged up in July from June and were much higher than a
year earlier, the Canadian Real Estate Association (CMHC) said
on Thursday in a report that suggested the housing market has
leveled off after a spring surge.

The industry group for Canadian real estate agents said
sales were up 0.2 percent in July from the month before. Actual
sales for July, not seasonally adjusted, were up 9.4 percent
from a year earlier.

Aug 14, 2013

Canadian home prices rose 0.7 pct in July from June -Teranet

TORONTO, Aug 14 (Reuters) – Canadian home prices rose in
July from June to an all-time high, but the modest monthly gain
suggests the robust housing market may be cooling again,
according to data from the Teranet-National Bank Composite House
Price Index on Wednesday.

The index, which measures price changes for repeat sales of
single-family homes, showed overall prices rose 0.7 percent in
July from a month earlier, the fifth straight monthly gain but
on the low side of typical summer housing strength.

Aug 9, 2013

CPPIB may make fewer deals as investors overpay-Wiseman

TORONTO, Aug 9 (Reuters) – Private equity probably offers
North America’s best investment opportunities at present, one of
Canada’s biggest dealmakers said on Friday, but investors are
likely wrong to assume that global markets have returned to

The head of Canada Pension Plan Investment Board said he was
prepared to walk away from future deals if pricing gets too