Industry

U.S. rental housing firm postpones IPO

Colony American Homes, an Arizona-based company that buys cheap houses and rents them out, is delaying its IPO because comparable companies have recently been trading poorly, reports ft.com. The firm was expected to raise $245 million from the IPO, with shares priced at $11.50 to $13. Read more. Also read: British postal service to IPO […]

June 6, 2013

1 min read

Car sales and production rise: Scotiabank

Global vehicle sales bounced back from a sluggish performance at the end of the first quarter, advancing 8% year-over-year (y/y) in April, according to the Scotiabank Global Auto Report. The report noted the improvement was broad based, but was led by more than a 30% y/y surge in South America.

By Staff |June 6, 2013

1 min read

Canadians will splurge this summer

This summer Canadians expect to spend an average of $3,978 on non-essential expenses, in addition approximately $3,000 on travel, according to the 2013 BMO Summer Spending Report.

By Staff |June 6, 2013

1 min read

Canadian government finances looking up: CIBC

A rebounding global economy could see Canadian governments back in the black a lot earlier than forecast, finds a new report from CIBC World Markets Inc.

By Staff |June 6, 2013

3 min read