Property and casualty insurance company Zurich has made a provisional $8.8 billion takeover bid for rival RSA, reports Canadian Insurance Top Broker. Zurich has 28 days to make a firm offer, walk away or ask for more time to consider the deal. If it goes through, the deal would be among the biggest insurance takeovers […]
The New York Stock Exchange invoked its rarely used Rule 48 today in an effort to smooth volatility and trading at the market open.
Big changes are happening at Google. The ubiquitous search engine will become a wholly owned subsidiary of a new company called Alphabet Inc.
The U.S. Fed is moving slowly toward raising interest rates.
In June, Americans bought homes at the fastest rate recorded in more than eight years.
The Bank of Canada is lowering its target for the overnight rate to 0.5%. The bank rate is correspondingly 0.75% and the deposit rate is 0.25%.
Dennis Mitchell is no longer in the role.
A new section of the Securities Act (Alberta) will require that most settlements made by other Canadian securities regulators are automatically put into effect in Alberta as well.
Today at 8:00 pm EST, there will be 61 seconds in a minute. Why? Because the planet is moving slower than our clocks. TSX comments on why this leap second could pose trouble for stock markets.
The U.S. economy has strengthened since a slump early this year, the Federal Reserve said Wednesday, but it wants to see further gains in the job market and higher inflation before raising interest rates from record lows.