Goldman Sachs

Goldman Sachs Doesn't Think Much Of Bombardier's Future

CP | Ross Marowits, The Canadian Press | Posted 09.02.2014 | Canada Business

MONTREAL - Goldman Sachs has reiterated its downgrade of Bombardier (TSX:BBD.B) and shaved its stock price forecast even further amid expectations of ...

Goldman Sachs Says To Bet Against The Loonie

CBC | Posted 01.28.2014 | Canada Business

One of the world's most influential investment banks says betting that the loonie is going to fall is one of its best investment tips for 2014. ...

Technocrats and the Assault on Common Sense and Civilized Society

Mark Taliano | Posted 01.23.2014 | Canada Politics
Mark Taliano

Arguably the most important threat facing the world right now is human-caused global warming. Common sense dictates that this issue be identified and addressed, but the technocrats' obsession with an economic plan is divorced from the reality of increasing planetary disasters.

Fun Fact: Not One Crooked Banker Has Gone to Jail

Nick Fillmore | Posted 11.12.2013 | Canada Politics
Nick Fillmore

Not one of the executives at any of the 10 or so giant international investment banks in the U.S. and Europe that imploded the financial system five years ago by using illegal trading methods has gone to jail, or even been prosecuted. Why hasn't more been done? That's a good, and frustrating, question.

Are Criminal Banks Trying to Crash the Economy Again?

Nick Fillmore | Posted 11.05.2013 | Canada
Nick Fillmore

Five years after the Great Recession of 2007-08 destroyed the lives of millions of people and cost trillions of dollars, many of the big investment banks that caused the near total meltdown are still involved in shady and sometimes criminal financial gambling schemes that could crash the world economy again.

Smithfield Foods Takeover: China's Trojan Horse

Diane Francis | Posted 10.13.2013 | Canada Business
Diane Francis

The United States must reject China's $7-billion bid to buy the world's biggest pork producer, Smithfield Foods of Virginia. The transaction was announced in May but is currently under review in Washington by authorities. Delays are due to concerns. And there are many.

On Bitcoin, the Tulip Mania and Stock Market Booms

Diane Francis | Posted 06.12.2013 | Canada Business
Diane Francis

Bubbles occur all the time, along with financial inventions. The most recent, and controversial, launched in 2009: A virtual currency called Bitcoin that enabled holders to trade directly and to hide their assets from governments.

So Long Carney, Canada Will Miss You

Christopher Sands | Posted 01.26.2013 | Canada Business
Christopher Sands

Governor of the Bank of Canada Mark Carney has been selected as the next Governor of the Bank of England, a bold move by one of the world's oldest central banks. His term at the head of the Bank of Canada was due to end in 2015, and so the move is surprising for many Canadians.

Seven Ways to Tell If You're Working for a Ticking Time Bomb

David Gebler | Posted 07.09.2012 | Canada Business
David Gebler

CEOs need to realize that highly desirable employee behaviour can become distorted and even destructive in a company driven by leaders with ulterior motives. Here are seven sure-fire signs that you might be working for a company on the brink of catastrophe.

Sunday Roundup: Is This the Right Place for an Argument?

Danielle Crittenden | Posted 05.17.2012 | Canada
Danielle Crittenden

Since it's spring -- or at least, feeling spring-like -- I'm going to start today's roundup with the announcement of a new feature you'll see sprouting in our blog rail this coming week. It's called "Change My Mind": Two bloggers will debate a topical subject and readers will be able to vote on who won.

In other news, it was the week that started -- and ended -- with the Kony 2012 video. Unless you have been living under a rock (or, come to think of it, on the lam in an African jungle), you could not avoid being aware of the controversy surrounding the viral video made by Invisible Children.

Feel That Hand? Yeah, That's Because We're All Muppets

Kathleen Finlay | Posted 05.16.2012 | Canada
Kathleen Finlay

Perhaps if more insiders had come forward to expose wrongdoing, and irregularities at the major U.S. banks and investment houses a few years ago, the impact of the financial meltdown leading to the Great Recession might have been softened. Until each one of us does this, we're all muppets.

The Most Widely Read Resume in the World

Daniel Alexandre Portoraro | Posted 05.15.2012 | Canada
Daniel Alexandre Portoraro

Clearly, Greg Smith is the very product of the environment he is so quick to criticize. Under the guise of a now viral op-ed piece in the New York Times, Smith -- once a Goldman Sachs executive -- has successfully guaranteed that every employer, every corporation, every Jack, and Jill around the world, including the Hill, will be aware of his accomplishments.

Carney Named Banking's Top Cop

CP | Bruce Cheadle, The Canadian Press | Posted 01.04.2012 | Canada Business

Bank of Canada governor Mark Carney, a former investment banker, has been chosen by G20 leaders to serve as the new global watchdog on the world's fin...

The Global Power Conspiracy -- Now With Scientific Proof?

The Huffington Post Canada | Daniel Tencer | Posted 12.24.2011 | Canada Business

A Swiss study appears to have uncovered what anti-capitalist activists have been claiming for years -- that the global economy is controlled by a smal...

Occupy Wall Street: Why They're Not Listening to You

Daniel Alexandre Portoraro | Posted 12.12.2011 | Canada
Daniel Alexandre Portoraro

Wall Street's problems are far too important a matter to be left in the hands of those who act and think with anger, rather than with sense. Promote those with knowledge to act as your leaders, keep them on the forefront of OWS and keep the "angry mobs" away from the cameras.

Loonie Falls Below 95 Cents

CP | Malcolm Morrison, The Canadian Press | Posted 12.04.2011 | Canada Business

TORONTO - The Canadian dollar continued to lose ground Tuesday as worsening economic prospects and worries about a Greek government default sent trade...

U.S. To Sue Major Banks Over Subprime Mortgages

CBC | Posted 11.01.2011 | Canada

A U.S. agency is planning to sue more than a dozen banks, alleging they misrepresented the quality of mortgage securities they packaged a...

Goldman Sachs To Open 'Dark Pool' Stock Market In Canada

CP | Posted 10.18.2011 | Canada Business

TORONTO - Another new stock market is set to debut in Canada, this time in the hands of New York investment bank Goldman Sachs. The Wall Street fir...

Goldman Sachs To Open 'Dark Pool' Stock Market In Canada

The Globe and Mail | Posted 10.18.2011 | Canada Business

Goldman Sachs Group Inc. is creating yet another stock market in Canada, adding to the competition for TMX Group Inc.'s exchanges. Goldman said Thursd...

Oil Sputters: Down $30 Per Barrel In 3 Months

CP | Posted 10.08.2011 | Canada Business

NEW YORK, N.Y. - Oil prices fell over $3 to near US$83 a barrel Monday after Standard & Poor's downgraded the U.S.'s credit rating — a blow to confi...

Bank CEOs Try To Strong-Arm Fed

The Huffington Post | Mark Gongloff | Posted 06.27.2012 | Canada Business

The banking industry is getting personal in its tireless fight against regulation. Jamie Dimon, chief executive of JPMorgan Chase and the industry'...

Meet The Bankers Having Second Thoughts About Too-Big-To-Fail

The Huffington Post | James Sunshine | Posted 10.06.2012 | Canada Business

Sandy Weill, the former CEO of Citigroup and father of the modern too-big-to-fail bank, last month shocked Wall Street when he said that he thought it...