• Republican Presidential candidate Donald Trump on May 5, 2016 in Charleston, West Virginia. (Getty)Republican Presidential candidate Donald Trump on May 5, 2016 in Charleston, West Virginia. (Getty)

    In light of Donald Trump edging out Republican leadership hopefuls Ted Cruz and John Kasich in Indiana this week, cheeky rhetoric enticing Americans to make the move north of the border has picked up once again.

    Last month, music streaming site Spotify jumped on the buzz, using the already popular #movingtoCanada hashtag and offering subscribers a tool to find the Canadian equivalent to their favourite American artists. Travel website Hotels.com built a special page inviting people to “be a tourist before becoming a resident.”

    But the reality – and perhaps more importantly – the costs associated with running from Trump by immigrating to the north isn’t as easy as switching to Bryan Adams from Bob Dylan.

    “It sounds nice in the media: ‘I’m going to leave and go to Canada’ – well… you can’t, unless you’ve got some kind of (work or family) sponsorship,” says Brian Wruk author of ‘The American in Canada’ and founder of Transition Financial Advisors Group – which helps both Americans and

    Read More »from Moving to Canada because of Trump? Good luck with that...
  • Does your mood swing up and down with the TSX? What’s your opinion on the price of gold? Do you get twitchy if you can’t follow business news like a hawk? Perfect, this quiz on the week’s top business stories should be a breeze. Find out how savvy you are about Canadian and international financial news.

  • Smoke fills the air as a small plane flies overhead in Fort McMurray, on May 3, 2016. (CP)Smoke fills the air as a small plane flies overhead in Fort McMurray, on May 3, 2016. (CP)

    As Air Canada customers in Edmonton attempted to connect with loved ones in Fort McMurray, many faced sticker-shock as they shopped for flights into and out of the region.

    Several customers took to social media to express their displeasure after flights leaving the distressed region for Edmonton were listed on the Air Canada website for almost four times the typical price on May 3 and 4.

    “And be sure to hate on Air Canada, who rose the price of flights leaving the region from under $200 to $700. BE SURE TO HATE THEM,” said one commenter on Imgur (Yahoo Finance Canada was unable to independently verify these prices).

    These weren’t the only flights that seemed exorbitantly high, either. A Facebook user posted a screenshot of the Air Canada website listing flights from Fort McMurray to Sidney, Nova Scotia at over $5,000.

    [Crop of screenshot posted by Facebook user Stanley Brian on May 4.]

    “I paid $314 to Syndey (sic) on Friday,” wrote Brad MacDonald in a comment under the photo. The

    Read More »from Air Canada makes amends after flights to Fort McMurray skyrocket in price
  • Evacuees watch the wildfire near Fort McMurray, Alberta, on Wednesday, May 4, 2016. Alberta declared a state of emergency Wednesday as crews frantically held back wind-whipped wildfires. No injuries or fatalities have been reported. (Jason Franson/The Canadian Press via AP)Evacuees watch the wildfire near Fort McMurray, Alberta, on Wednesday, May 4, 2016. Alberta declared a state of emergency Wednesday as crews frantically held back wind-whipped wildfires. No injuries or fatalities have been reported. (Jason Franson/The Canadian Press via AP)

    With the massive fire still raging in Fort McMurray, Alta. and its surrounding area, Canadians are showing their concern for the more than 80,000 residents who have been forced to flee their homes.

    The Red Cross said Thursday said that it had already raised at least $11 million for relief efforts (and growing) involving family reunification, assistance for shelters in Edmonton and Lac La La Biche, accommodations, basic necessities such as food and water, as well as specially trained volunteers to care for those who have suffered emotional trauma.

    Both the federal government and the government of Alberta have promised to match the organization’s donations.

    Unfortunately, there are those who are looking to take advantage of an already bad situation.

    The Fort McMurray Fire Help Facebook page suggests that Canadians looking to help should avoid giving donations through GoFundMe and that many fake fundraising accounts have been created on social media.

    [While not confirmed as a fake,

    Read More »from Donors cautioned to be alert for scams when supporting Fort McMurray relief
  • A wall of fire rages outside of Fort McMurray, Alta. Tuesday May 3, 2016. (CP)A wall of fire rages outside of Fort McMurray, Alta. Tuesday May 3, 2016. (CP)

    While the world nervously watches wildfires eat their way through 210,000 acres surrounding Fort McMurray, the beating heart of Canada’s oil sector, businesses both local and countrywide are stepping up to help the more than 88,000 residents forced from their homes.

    “The outpouring of goodwill and compassion from Canadians right across the country has not only been inspirational, it has been entirely characteristic of who we are and the fundamental human values we share as Canadians,” Prime Minister Justin Trudeau said in the House of Commons on Thursday. The Federal government has pledged to match individual donations to the Canadian Red Cross. So far the relief organization has collected $11 million.

    Major oil and gas companies including Suncor, Syncrude Canada Ltd. and Royal Dutch Shell, have housed evacuees at work camps north of the city and reduced output to allow workers and their families to flee to safety.

    Mining magnate and founder of Barrick Gold, Peter Munk has followed

    Read More »from Businesses step up to help Fort McMurray
  • Tamera Madden escaped Fort McMurray Tuesday in a slow bumper-to-bumper evacuation as flames consumed homes and buildings and clouds of black smoke hung forebodingly over the scorched oilsands city.

    The Fort McMurray health and safety manager drove seven hours to Lac La Biche where she sought refuge with family. Madden, her husband and parents left behind a $710,000 three-bedroom home in Timberlea, an as-yet untouched neighbourhood north of Fort McMurray’s downtown.

    “It was extraordinarily terrifying,” says Madden. “All of this is very scary. There’s a lot of fear about what could happen. The wind could change direction and we could be like the people who have already lost their homes.”

    Madden is depending on social media for word from home and admits the uncertainty is frustrating. She and her husband have spent the last few days accounting for their co-workers at Laird Electric and Fort McKay Group of Companies. Madden expects it will be at least 10 days until she can return home.

    Read More »from The next big worry for Fort McMurray evacuees? Insurance
  • An increasing number of customers are fed up with the price of cable and are looking for alternatives.An increasing number of customers are fed up with the price of cable and are looking for alternatives.

    While Canadians are often frustrated with the country’s big media and telecommunications companies, it seems those companies are just getting bigger and bigger, often acquiring rivals left and right. For example, earlier this week, BCE gobbled up MTS in a deal worth billions.

    However there are startups nipping at the heels of Bell, Rogers and the other big telecommunications brands and many aim to offer some or all of their services at a fraction of the price. One of those companies is Toronto-based VMedia, which says it aims to give Canadians choice, flexibility and innovation.

    Launching roughly three years ago, it offers home phone, internet and most notably television service, and the company says it’s the only “triple-play” provider that’s able to compete with the major companies in all three of those telecom industries. Offering the combination of home phone, internet and television services is something the company’s founders believe makes it easier for them to sway customers

    Read More »from Cheap internet, television help VMedia challenge Canada’s big three telecom giants
  • As if the price of popcorn wasn't already bad enough... (Canadian Press)As if the price of popcorn wasn't already bad enough... (Canadian Press)

    In an era of binge-watching and cord-cutting, cinemas are looking for new ways to get Canadians off the couch and into the theatres. For Cineplex, dynamic pricing – the process of charging more or less depending on what days movie-goers visit and what they’re seeing – might be the way of the future.

    “Dynamic pricing is basically when you increase your price based on demand,” chief executive Ellis Jacob, told The Canadian Press, surrounding Cineplex’s first quarter earning call on Tuesday. “Say you’re busy on a Friday or Saturday night (so) you charge more, and when you’re not busy on Monday nights you charge less. It’s kind of what the airlines do, in a way. We look at all different models.”

    Jacob said that the company, which owns 79 per cent of the national movie theatre market, has been “very conservative” when it comes to ticket prices.

    “There come points where you have to look at the overall situation – when minimum wage keeps increasing and cost of procuring concession items come

    Read More »from Popular movies may soon cost more at the box office
  • The University of Toronto didn't quite crack the top 20 this year. (CBC)The University of Toronto didn't quite crack the top 20 this year. (CBC)

    Three Canadian universities have been ranked among the top 50 in the world by Times Higher Education.

    In the list released on Tuesday, the University of Toronto, the University of British Columbia and McGill University were listed at 23, 37 and 39 respectively.

    All three were slotted into similar positions within the top 50 last year. 

    However, the University of Toronto saw the biggest drop, falling from 16 to 23.

    McGill slipped four spots from 35, while UBC remained unchanged at 37.

    Times Higher Education releases annual rankings of the top 100 most prestigious universities in the world. Its results are based on a survey of more 10,000 academics from across the globe. Participants are asked to list up to 15 universities that they believe rate the highest for research and teaching in their respective fields.

    Votes based on research prowess were weighted double.

    The University of Toronto, UBC and McGill have been fixtures among the top 50 for the past several years. 

    The top five of

    Read More »from Three Canadian universities among top 50 in the world: survey
  • A photo of an American $2 bill is seen here. (U.S. Department of Treasury)A photo of an American $2 bill is seen here. (U.S. Department of Treasury)

    An eighth-grade student in Houston, Texas had a run-in with police after she attempted to buy lunch at school with the seldom-seen US$2 bill.

    Danesiah Neal told Forbes that the cafeteria workers at Christa McAuliffe Middle School thought that she was using counterfeit currency when she tried to pay for her chicken nuggets with a $2 bill given to her grandmother, Sharon Kay Joseph.

    $2 bills are rarely seen in circulation in the U.S. It was discontinued in 1966 because of low use and unpopularity. But 10 years later production resumed and it has remained a denomination since then. However, it is commonly assumed that it is no longer in circulation.

    According to U.S. Department of the Treasury, $2,430,720,000 worth of $2 bills were produced between 1976 and 2012.

    It currently bears the face of former U.S. President Thomas Jefferson on the obverse, and John Trumbull’s famous depiction of the presentation of the draft of the Declaration of Independence to Congress on the reverse.

    Neal told

    Read More »from Police called after student tries to pay for lunch with $2 bill
  • Production staff on Grazia edit the magazine on November 3, 2008 in London. (Oli Scarff/Getty Images)Production staff on Grazia edit the magazine on November 3, 2008 in London. (Oli Scarff/Getty Images)

    For years work was regarded as a loveless pursuit, a spiteful diversion from the joys of life outside the nine-to-five constraint, but in a society that seemingly values happiness in the workplace, it can be hard to know whether it’s time for a change or if you’re just hard to please.

    “Happiness [at work] is actually a new concept… in previous generations they didn’t have the privilege or luxury to think about it,” says Eileen Chadnick, principal life and business coach at Big Cheese Coaching.

    Today “happiness” is front and centre in the nine-to-five narrative and Canadians, or at least half of them, seem to be disappointed in their workplaces.

    According to a poll by specialist recruitment firm Hays Canada, only 47 per cent of Canadians are happy with their jobs. In fact, of the 2,500 Canadians surveyed, a meagre 30 per cent of professionals say they’re well matched with their current employer.

    “The majority (86 per cent) of Canada’s working population believes fit is important but

    Read More »from Know when to quit your job, or if you’re just hard to please
  • Sorry Vader, looking this good isn't cheap.Sorry Vader, looking this good isn't cheap.

    While you may not be able to match Darth Vader’s midi-chlorian count, Shade Station says you could build your own version of the famed Star Wars villain’s black armoured suit for $18.3 million. It is unclear how much that would cost in Imperial Credits.

    Shade Station, a watch and sunglasses retailer based in the United Kingdom, says the brunt of the costs, an estimated $12 million, would come from building the base suit. The company says because the cockpits of Imperial starfighters – such as Vader’s Tie Advanced -- are not pressurized, it would need to be airtight and able to withstand exposure to space, like NASA spacesuits.

    Another $5.4 million would be needed to cover the medical bills and maintenance of his prosthetic limbs. Vader lost both legs, his left arm and was badly burned in a battle with Obi-Wan Kenobi in “Star Wars: Episode III – Revenge of the Sith.”

    Emperor Palpatine rebuilt Vader’s ruined body using the suit.

    However, Shade Station says it would only cost $180,000

    Read More »from What it costs to become Darth Vader

    This isn’t your run-of-mill donut you'd find Homer Simpson drooling over.

    Chef Bjorn DelaCruz of Brooklyn’s Manila Social Club has taken the popular North American treat to the next level with his US$150 silver-and-platinum coated and tequila-flavoured creation.

    “It’s not like any other donut you’ve ever had before,” DelaCruz told Business Insider on Tuesday.

    Despite its metallic exterior the Patron Platinum Donut is edible. On the inside, it is a rose-petal donut filled with cream and a spicy ginger-jalapeno margarita jelly.  

    The outside it is covered with a sweet tequila frosting and edible sheets of silver and platinum.

    The creation was inspired by Gran Patron Platinum tequila and Patron Tequila’s “Margarita of the Year” recipe.

    “When you eat this, you are not eating a margarita doughnut," DelaCruz told Business Insider.

    The Manila Social Club in Brooklyn, New York is selling the Platinum Donut for charity until May 8.The Manila Social Club in Brooklyn, New York is selling the Platinum Donut for charity until May 8.

    He said instead the margarita flavours have been deconstructed and used to make a new taste as a donut.  

    The sweet will only be available at the

    Read More »from New York restaurant offers $150 platinum-coated tequila donut
  • The Residence is a three-room suite found on A380 planes in the Eithad Airways fleet. (Facebook)The Residence is a three-room suite found on A380 planes in the Eithad Airways fleet. (Facebook)

    United Arab Emirates national airline is selling some of of the world’s most expensive plane tickets, with some costing as much as US$38,000.

    On Tuesday, Etihad Airways launched daily scheduled flights to India on its Airbus A380 network, which features the swanky, three-room luxury suite called “The Residence.” The airline says it is the first suite of its size on a commercial airliner.

    One-way fares in the luxury accommodations will cost between US$5,000, for a flight from Abu Dhabi to Mumbai, and range as high as US$38,000 between New York and Mumbai.

    According to The Daily Mail, the New York to Mumbai flight is the most expensive in the world.


    Etihad’s A380 have space for 496 passengers, including up to two guests in The Residence.

    The airline describes the extravagant rooms as an “ultra-private” suite, which includes a living room with a 32-inch TV, a bedroom with a double bed and a separate ensuite shower room. It also has some added perks, such as a personal butler and a

    Read More »from UAE airline offers tickets in swanky suite for US$38K
  • The Bank of Japan recently shocked global financial markets once again last week with its decision not to pay out any more monetary stimulus for its struggling economy. But that’s hardly the most stunning decision it’s made this year.

    In February, Japan made the controversial move to adopt negative interest rates for the first time ever, in the hopes of shocking its sluggish economy into action. Negative rates have also been adopted by some European countries, as well as the European Central Bank.

    Why should we care here in Canada? Well, the Bank of Canada said in December that Canada could also adopt negative interest rates if the nation faces an economic crisis. It’s never happened here, and it may be a long shot, but here’s a primer on what negative rates would mean.

    What are negative interest rates?

    Think of a loan that works in reverse: instead of you paying interest to borrow the money, the bank pays you to borrow. So if you borrow $1,000 at a 1 per cent interest rate, you owe

    Read More »from Negative interest rates aren't likely in Canada, but here's what that would look like, anyway
  • Choose where you want to call home. With $1 million, you can invest in your perfect property, in whichever Canadian province your heart desires. What that home looks like, however, will vary greatly depending on where you look. Here’s what’s on the market for $1 million this week.


    Montreal, Quebec

    For $1.1 million, you could live in Habitat ’67, a world-renowned landmark deemed a historical monument by the City of Montreal in 2007. Habitat ’67, designed by the famous architect Moshe Safdie, is comprised of 354 cubes equaling 146 residences. A modern wonder, these homes features incredible interiors, walkways, links and suspended terraces, all designed to create a feel of community.

    At Habitat ’67, 2600 Av. Pierre-Dupuy, Apt. 633, is currently on the market. This incomparable modern marvel includes three bedrooms and three-and-a-half baths. Every room within has views of the St. Lawrence river or the Old Port of Montreal. Other features include two terraces and two garages, as

    Read More »from What a $1 million dollar home looks like in Canada this week
  • Big Nickel in Greater Sudbury, northern Ontario, Canada. (Flickr/fw42)Big Nickel in Greater Sudbury, northern Ontario, Canada. (Flickr/fw42)

    We’ve already gotten rid of the penny, how about offing the nickel while we’re at it, too?

    According to one credit union, it’s not such a bad idea.

    A new study released by the Quebec-based Desjardins this week is encouraging Canadians to adopt alternative denominations and eliminating the nickel in the next five years, The Huffington Post reports.

    “Due to the gradual increase in the cost of living and decreased buying power of small coins, the time will come when the nickel will have to be taken out of circulation,” wrote Desjardins economist Hendrix Vachon in the study, titled "Is cash going the way of the dodo?."

    Before you start any “save our nickel!” petitions, however, you should know that this isn’t the first time Desjardins has pushed the idea of moving away from the nickel. The firm concluded in a 2008 study that the nickel was on its way out,  In a 2014 client note, the firm wrote after the penny’s demise: “we’ve gotten rid of something that was both useless and costly…the

    Read More »from Is it time we eliminated the nickel from Canadian currency?
  • Tom Hanks's character in 'The Money Pit' knows how these home owners feel.Tom Hanks's character in 'The Money Pit' knows how these home owners feel.

    Three years ago Paul Gancman turned Kitchen Fix, his custom kitchen business exclusively into a repair service. Why? He was swamped with calls from new condo owners living in the Greater Toronto area. Their warranties had just ended and things were falling apart.

    “The drawers seem to self destruct at about a year,” Gancman said from his Oakville, Ont. shop. “It’s quite common for hinges and doors to fall off cabinets. They aren’t built to last.”

    Last month, Adam H. experienced the built-to-crumble phenomenon within days of moving into his new home in Maple, Ont. Two kitchen cabinets fell from their hinges when he opened them, slipping out as easily as a hockey player’s false teeth. He turned to Gancman to fix what really shouldn’t have been broken in the first place.

    What’s in the walls?

    “The GTA might be a hot real estate market but frankly it’s a nightmare out there,” Gancman says, who receives up to 10 calls a day to do repairs in the area. The market it is so hot right now, that

    Read More »from Hot real estate market leaving Toronto buyers with broken homes
  • [Jamie Shaw, spokeswoman for the B.C. Compassion Club, displays two different varieties of medical marijuana available at the East Vancouver dispensary in East Vancouver, British Columbia, June 5, 2015. / Reuters]

    Starting today, unlicensed Vancouver compassion clubs and cannabis dispensaries could be hit with $250 fines or even court injunctions forcing closures as a result of a new bylaw.

    The city has promised “boots on the ground” visiting the cannabis dispensaries after 162 of the 176 applications for licenses failed due to being within 300 metres of each other, schools, community centres or youth facilities.

    While some prospective pot peddlers have thrown their names in the hat – 230 applicants according to the city’s last count –  other dispensaries, which can rake in $10,000 or more a day, say they plan to eat the city’s fines in the short term while they wait for the Federal government’s much-anticipated recreational marijuana legislation to come into play next April.


    Read More »from Marijuana dispensaries in B.C. embrace fines to keep making a profit
  • Shareholders tour Bombardier's CS300 aircraft in Mirabel, Quebec, Canada, April 29, 2016. (Reuters)Shareholders tour Bombardier's CS300 aircraft in Mirabel, Quebec, Canada, April 29, 2016. (Reuters)

    Does your mood swing up and down with the TSX? What’s your opinion on the price of gold? Do you get twitchy if you can’t follow business news like a hawk? Perfect, this quiz on the week’s top business stories should be a breeze. Find out how savvy you are about Canadian and international financial news.

    Read More »from QUIZ: This week in business news, April 23-29
  • Tax scammers may think they can get the better of you, but you'll show 'em who's boss.Tax scammers may think they can get the better of you, but you'll show 'em who's boss.

    Attention last minute tax-filers: the Canada Revenue Agency will now accept payment for your back taxes in iTunes gift cards – or so scammers will have you believe. 

    A Calgary woman was swindled for $20,000 from a man claiming to work for the tax agency last week. The fraudster called her cellphone and said an arrest warrant had been issued for her due to unpaid taxes. He ordered her to purchase iTunes gift cards and give him the activation codes.

    But it’s not an isolated incident. As the May 2 tax deadline looms putting extra stress on last minute filers, scammers line up to prey on Canadians.

    According to the Calgary Police Service’s Economic Crimes unit, scammers claiming they were from the CRA have duped 131 Calgarians for close to $600,000 since February last year.

    As of Tuesday this week, the RCMP in Saskatchewan say they’ve fielded more than 200 reports of people getting suspicious calls saying they’re from the CRA.

    ALSO READ: Ontario woman conned out of $12,000 by iTunes gift

    Read More »from No, you don’t owe the CRA $20,000 in iTunes gift cards
  • Petroleum storage tanks at the Suncor tar sands operations near Fort McMurray, Alberta. (Reuters)Petroleum storage tanks at the Suncor tar sands operations near Fort McMurray, Alberta. (Reuters)

    When Warren Buffett puts his money on something, people listen. So as a savvy investor you may be wondering if you should follow his lead and buy up shares of one of Canada’s largest energy companies.

    Even with the volatility of oil prices, an investment in Suncor Energy Inc. is, by and large, a good thing for many Canadian investors, say financial experts.

    “It’s uncertain where oil prices will go,” says Scott Clayton, a senior researcher with TSI Network, a Toronto portfolio manager and newsletter publisher. “Oil will remain volatile—it could drop further or rise up. But we feel that most investors should have some oil and gas exposure in their portfolios and the best way to do that is with good dividend-paying stocks such as Suncor.”

    “One thing we really like about Suncor is that at 3.2 per cent, Suncor has a high yield dividend for an oil and gas stock.”

    As arguably the world’s savviest investor, Buffett beefed up his position in Suncor late last year boosting his share in the

    Read More »from This Canadian energy company is one of Berkshire Hathaway's biggest holdings

    <span style=font-size: 100%; font-family: Arial; data-sheets-value={"1":2,"2":"Why working from home may not work for you"} data-sheets-userformat={"2":12801,"3":[null,0],"12":0,"15":"Arial","16":10}>Why working from home may not work for you (Reddit)<br /></span>

    We get up in the early hours of the morning to get prepared for the workday ahead. We leave the house heading for our long commute from the front door to the four walls of our cubicles. We work our eight hour days, sending countless emails, answering phone calls and only leaving our cubicles for personal breaks. So why is it that in an advancing digital work space we even bothered coming into a physical office space?

    It brings to light an even more important question – why don’t we all just work remotely? Just imagine the possibilities: A few more extra hours of sleep in the morning, working in your housecoat, not having to make small talk at the water cooler with your celebrity-obesessed co-worker.

    “In an increasingly competitive economic climate, a lot of companies are looking for ways to get an edge over others,” says Sheryl Boswell, Director of Marketing with Monster Canada. They’re also looking for cost-savings. With the advent of modern cloud-based technologies, companies are

    Read More »from Why companies are trying to make working from home work for you
  • Uber is now charging riders who are late for their rides

    The new policy is being tested in a handful of states

    The next time you call for an Uber you'd better make sure your drunk friend is ready to roll as soon as the car shows up or you’re going to get stuck with a fee.

    That’s because Uber is testing a new pricing plan that will let drivers start running the meter for your trip if you’re more than two minutes late for your ride, rather than the current 5-minute wait time.

    (Update: Uber's previous wait time was 5 minutes, not 10)

    I’ll be honest, it takes me more than two minutes to get my coat on and find my keys, so I’m sure I’m not alone in thinking two minutes is a bit too short of a leeway time for riders.

    That said, I’m looking at this from a lazy millennial rider’s point of view, not as a driver who has to sit in his car and wait for my friends and me to stumble out of a bar with in our Patagonia jackets and Adidas sweatpants.

    So, you know, whatever.

    In addition to the new two-minute grace period, Uber is also introducing a two-minute limit between when you call an Uber and when you

    Read More »from Uber is now charging riders who are late for their rides
  • When the Ontario Government included a paragraph in the 2016 budget discussing plans for a pilot program testing universal basic income, those on welfare and disability income support probably took notice.

    Currently, if you’re collecting monthly Ontario Works payments – the province’s version of welfare – you receive a maximum between $681 per month as a single person and $1,408 as part of a couple with two children. The maximum monthly cheque for those on the Ontario Disability Support Program [ODSP] is a bit higher, between $1,110 for a single person  and $2,025 for a couple with two children. Neither payment is anywhere near the average cost of living in Ontario. The Canadian Centre for Policy Alternatives, which sets the living wage for the province ($18.52 per hour, per person), puts average expenses for a family of four in Toronto at $65,850.55 a year. The ODSP payment at its maximum would pay out $24,300 a year.

    This means those who are eligible for Ontario Works and ODSP require

    Read More »from Ontario’s basic income plan poses a threat to existing social programs
  • NBCUniversal to Acquire DreamWorks Animation for $3.8 Billion

    By Brent Lang, Cynthia LittletonVariety

    NBCUniversal has set a deal to buy DreamWorks Animation for $3.8 billion in cash.

    The deal values DWA at $41 a share, a rich premium over the company’s recent trading levels. The total equity value of the deal including debt is $4.1 billion.

    DreamWorks Animation will become part of NBCUniversal’s Universal Filmed Entertainment Group. Chris Meledandri, head of Universal’s Illumination Entertainment animation wing, will oversee operations. The DreamWorks Animation brand will remain intact as an imprint.

    Related: DreamWorks’ Kid Stuff Could Fuel Comcast’s Serious Business

    After the sale closes, DreamWorks Animation CEO Jeffrey Katzenberg will become chairman of DreamWorks Animation New Media, comprising its ownership stakes in AwesomenessTV and Nova, which will be part of NBCUniversal and housed under the film group headed by chairman Jeff Shell. Katzenberg will also serve as a consultant to NBCUniversal. Though he remains committed to his work

    Read More »from NBCUniversal to Acquire DreamWorks Animation for $3.8 Billion
  • Gym rats are outraged ClassPass raised its prices

    Hello 60% price hike

    ClassPass, the increasingly popular fitness class subscription service, has slowly but surely been jacking up prices in cities. And the company’s loyal members are less than thrilled.

    Members in half a dozen cities — Atlanta, Toronto, Austin, Dallas, Boston, and, as of today, New York — received emails alerting them to the changes over the last few weeks. The price hikes vary by city and by type of membership. For the most part, the changes will sting new users looking to sign up for an unlimited monthly subscription. Existing unlimited subscribers will get burned as well but to a slightly lesser degree.  

    For example, in New York City, an unlimited membership will now set new users back $200 a month, up from $125. Existing unlimited will now be charged $190, a 52% spike.  


    Atlanta was among the first of the company’s more than 30 locations to get hit with the price increase in late March. New subscribers now pay $160 a month, up from $99, a 60% hike. Existing unlimited members in

    Read More »from Gym rats are outraged ClassPass raised its prices
  • Have you diversified your portfolio in line with the ultra-strict ‘Diversified Security Principal (DSP 2016)’? What about maximizing returns via a ‘variable-income securities vehicle’?

    We’re willing to wager you haven’t, likely because these terms are nonsensical words created by mashing together financial jargon. It’s part of a clever survey devised by Hennick Wealth Management to test Canadians investment acumen.

    “In all fairness, a lot of the people who answered the questions got them right, saying ‘I have no idea what you’re talking about,’” Adam Hennick, principal at Hennick Wealth Management told Yahoo Canada Finance. “But it’s the people who weren’t sure or thought they owned something that was made up which makes you go ‘wow.’”

    While those surveyed get a passing grade as a whole, 12.3  per cent said yes to the notion that their portfolios used the ‘Diversified Security Principal’ and 29.3 per cent ‘weren’t sure’ – adding up to a total of 41.6 per cent of respondents being

    Read More »from Ever invest in 'forward yield disbursement bonds?’ No you haven’t, and here’s why
  • image

    [Left: Warren Buffett file photo; Right: Pipe stacked at the southern site of the Keystone XL pipeline on March 22, 2012 in Cushing, Oklahoma. / Getty Images]

    When Warren Buffett endorses something, it can have a tremendous ripple effect, which is why Buffett’s support of the Keystone XL pipeline is not something to take lightly.

    “I think probably the Keystone pipeline is a good idea for the country,” Buffett said in regards to the United States during an appearance on CNBC in 2014.  

    Keystone XL, a 1,897-kilometre pipeline running from Hardisty, Alberta, south to the United States’ Gulf Coast, was intended to tap unused Canadian oil sands crude, carrying 830,000 barrels of oil across the border each and every day.

    In November 2015, President Obama rejected the completion of Keystone XL on environmental grounds, stopping in its tracks the fourth stage to the already-completed Keystone pipeline.

    “America is now a global leader when it comes to taking serious action to fight climate change,

    Read More »from Warren Buffett’s controversial stance on the Keystone XL pipeline
  • [In this April 30, 2010 photo, Greg Abel is seen in Omaha, Neb. / AP Photo/Nati Harnik, file]

    Warren Buffett may be America’s best-known investor, but when the 85-year-old billionaire eventually decides to step aside from the perch atop his Berkshire Hathaway holding company, the smart money says a Canadian will take his place.

    Buffett’s succession plan has been a hot-button issue for a while now. It’s a natural question for a corporate leader getting further and further past normal retirement age. But of course, this isn’t just some old guy in a corner office who can be replaced by some MBA with a good resume. This is an investment guru whose wealth is measured in the tens of billions, who has done his time atop the richest-in-the-world lists, and a guy who has a cult following possibly unmatched in the business world.

    So, these are big shoes to fill.

    Let’s hope Greg Abel has big feet. He’s not a household name at the moment, and in fact he’s not even the most famous Abel in his family.

    Read More »from This Canadian could one day be Warren Buffett’s successor


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