Canadian dollar’s surge spurs demand for Money swaps

The current surge in the Canadian dollar against the greenback is prompting Canadian organizations to handle their currency risk through hedging plans, giving a boost to some of Canada's largest investment banks.Phones are ringing off the hook as sales managers at BMO Nesbitt Burns Inc., TD Securities Inc., Scotia Capital Inc. and RBC Dominion Securities Inc. say they're fielding more queries from customers in response to recent strength in the Canadian dollar and rising interest rates.Big movements Read more [...]

Streetwise newsletter: The week’s best reads: Western Energy, insider trading, iShares

OSC alleges Davies law firm employee involved in insider-trading ringA former legal assistant at a blue-chip law firm had been in the centre of an insider-trading ring that made $2.5-million over more than four years on takeovers involving companies like Tim Hortons Inc. and Valeant Pharmaceuticals International Inc., based on Ontario regulators. Western Energy taps Alberta finance for $215-million loan Alberta's pension fund manager is pumping more money into the state's Read more [...]

Streetwise newsletter: FinTRAC Analyzing more Property deals; Pat Chiefalo to head iShares Canada

Canada's anti-money laundering watchdog is seeing increased reporting of suspicious transactions involving Vancouver property as awareness of the warning signals enhances, but significant blind spots remain. (James Bradshaw, for readers) Pat Chiefalo is stepping in as the new head of iShares Canada, as ETF veteran Warren Collier takes on a global function. Effective Oct. 2, Mr. Collier will take on a new role as the global leader of data and index plan for iShares, while Mr. Chiefalo will take Read more [...]

Home-builder’s dip into the red a painful lesson

The homes that builder Derek Nicholson builds aren't your regular, cookie-cutter suburban houses.His Toronto-based project management company, , works with well-known architects to develop and restore custom houses in the modern or contemporary style. They're the sorts of buildings which are frequently written up in magazines and garner awards, and the specialty has helped Mr. Nicholson, a former senior director at the City of North York's parks and recreation department, build a healthier nine-employee Read more [...]

Streetwise newsletter: TD Securities readies for U.S. prime time; Saudi prepares for possible Aramco delay

TD Securities is bulking up – even as some of its foreign competitors pull back. Over the past three years, the Canadian bank-owned dealer has increased its hiring in the United States, adding 300 people to bring its head count to roughly 900. Over the same period, it has boosted revenue in its U.S. business at an annual clip of 18 per cent and is targeting more double-digit growth in the years ahead. (Niall McGee, subscribers) Saudi Arabia is preparing contingency plans for a possible delay Read more [...]

Moves business owners can make now ahead of the proposed tax changes

Small-business owners are scrambling to figure out what actions to take right now, if any, in light of Ottawa's controversial tax changes and proposals. The Globe spoke with tax planning experts about some strategies businesses may want to consider in the weeks ahead. Income splitting The government wants to restrict the ability of business owners to reduce their taxes by sprinkling income among relatives in lower tax brackets through dividends. The change is set to take effect on Jan. 1, Read more [...]

Why you don’t need marketing automation

You've likely received the e-mails – the spam disguised as genuine personal interaction. They're often casual and friendly and might refer to an item you recently purchased or content you downloaded. They usually address you by name. But they're not sent by a friend – or even a human, for that matter. They're the product of marketing automation software designed to replicate the human touch. And to some degree, they're every marketer's dream. Automation tools are the darling of today's marketing Read more [...]

Streetwise newsletter: Fireweed Energy to launch IPO, Ottawa Company faces Financing probe

Fireweed Energy Ltd., which centers on drilling at the Montney area of British Columbia, has filed a preliminary prospectus to raise $40-million in an initial public offering. (Jeffrey Jones, for readers) Attorneys for a Swiss advocacy group pursuing allegations of financial crimes against an Ottawa property business are turning to Ontario's courts to obtain sensitive financial documents from three Canadian banks and a major accounting firm. (James Bradshaw, for readers) DAILY DEALS AND FINANCINGS Read more [...]

Why you do Not need marketing automation

You have probably received the e-mails -- the junk disguised as real personal interaction. They're often friendly and casual and might refer to a product you purchased or content you've downloaded. They generally address you by name. But they are not delivered by a friend -- or a person, for that matter. They are the product of marketing automation software designed to replicate the human touch. And to a degree, they are every marketer's dream.Automation tools would be the darling of today's Read more [...]

Streetwise newsletter: Cenovus nears sale of Gasoline Resources; OSFI’s new rules could dampen House sales

A private company led by a one time senior executive in Cenovus Energy Inc. is leading a bid for a major Alberta natural gas property from his former employer, a deal that could be worth around $600-million, sources say. (Jeffrey Jones, Jeff Lewis and Andrew Willis) Canada's mortgage lenders state tougher borrowing rules suggested by Canada's banking regulator could reduce the volume of home sales in Canada by 10 per cent to 15 percent annually as buyers find it more difficult to qualify for Read more [...]