Shriveled BlackBerry Has Canada Needing Research Driver
government shutdown, with gains in the energy and financial sectors supporting the market. As Tropical Storm Karen moved through the Gulf of Mexico, affecting U.S. energy output, the price of oil rose on supply concerns. With the U.S. government shutdown dragging into a fourth day, investors watched closely as Republican members of the House of Representatives got together to chart their next course of action. But the market appeared to shrug off fears that lawmakers will fail to resolve the budget crisis and prevent a debt default. Rick Hutcheon, president and chief operating officer at RKH Investments, said the TSX will tread water until the U.S. political situation is resolved but will make gains as the economy improves and commodity prices stabilize. “Everyone is sitting on their hands, waiting for Washington to make their move,” he said. “They’ll have their bickering and fighting, but ultimately they’ll come to an agreement.” “I don’t see it having a huge impact on Canada,” he said, but added that the longer the U.S. impasse lasts, the more negative it could be for the Canadian market.
In recognition of the event, TD Friends of the Environment Foundation made a $5,000 donation to Confederation Park Community School outdoor community garden and outdoor classroom projects. “We’re pleased to be able to serve the banking needs of customers whenever and wherever they want to bank with us,” said Joe Culos , Vice President Distribution Support, TD Canada Trust, Prairie Region. “This new branch means another convenient location where we can welcome our Saskatoon customers and provide them with exceptional service, great advice and comfortable banking.” Features of the new branch include: An open concept design that helps TD serve customers better by moving financial specialists out from behind desks and in front of customers. Digital displays mounted throughout the branch to provide customers with current information about TD products and services. A customer lounge with coffee station lets customers wait in comfort if they arrive early for an appointment or are waiting for their friends or family to complete their banking. An automatic coin counter available to customers to bring unwrapped mixed coins to sort and exchange for bills or to deposit into their account. A community wall shares a pictorial story about the area. The current display features projects funded by the local chapter of the TD Friends of the Environment Foundation and includes space for community groups to post flyers about upcoming events. As part of TD Canada Trust’s extended hours the branch is open Monday through Wednesday from 8:00 am to 6:00 pm ; Thursday and Friday from 8:00 am to 8:00 pm ; Saturday from 8:00 am to 4:00 pm ; and Sunday from 11:00 am to 4:00 pm . The new branch is wheelchair accessible and features a full-service Green Machine ATM and drive-through ATM available 24 hours a day, 7 days a week. The $5,000 donation to Confederation Park Community School outdoor garden and outdoor classroom project is part of TD’s strong commitment to the environment and the community. Funds will be used to maintain the gardens and the purchase of seeds, plants and equipment. About TD Canada Trust TD Canada Trust offers personal and business banking to more than 11.5 million customers. We provide a wide range of products and services from chequing and savings accounts, to credit cards, mortgages and business banking, to credit protection and travel medical insurance, as well as advice on managing everyday finances. TD Canada Trust makes banking comfortable with award-winning service and convenience through 24/7 mobile, internet, telephone and ATM banking, as well as in over 1,100 branches, with convenient hours to serve customers better.
TD Canada Trust celebrates grand opening of new branch in Saskatoon with a donation to Confederation Park Community School
The company created high-paying jobs in Waterloo, where almost 9 percent of the citys adult population earned C$100,000 or more in 2010, more than triple the countrys median income. BlackBerrys hometown, Waterloo, has a population of just under 100,000. The city and surrounding region has grown 15 percent in the past 10 years according to Statistics Canada , faster than the countrys 11 percent growth. Employment has risen 10.6 percent since the end of the recession, compared with a national average of 5.7 percent. Going Private Now, Fairfax Financial Holdings Ltd., BlackBerrys largest shareholder, has made a tentative offer to buy the company for $4.7 billion, or $9 a share, and take it private. Fairfax, led by Chief Executive Officer Prem Watsa , has not disclosed the names of any of its partners in the bidding consortium, and hadnt secured financing for the deal at the time it was announced Sept. 23. BlackBerry shares were down 0.5 percent to $7.69 at 4 p.m. in New York , more than a dollar below the offer price, reflecting investor concerns the deal may not get done. It is a Canadian icon and that is what makes it more difficult for people, said Eric Hoskins, Ontarios economic development minister. Its pretty difficult to create a BlackBerry. Waterloo and its sister city Kitchener lie in the rolling farmlands of southwest Ontario, part of a region known as the Golden Horseshoe, a reference to the circular shoreline of Lake Ontario . The area has been known for its agriculture, its auto plants, and more recently, its technology.
Canada and Malaysia sign deal to improve cooperation on security issues
Marc Parent, the chief executive officer of Montreal-based CAE, says Canada punches “way above our weight” in the aerospace sector, and CAE’s flight simulators and pilot training are part of that success. A growing Southeast Asian middle class is a key driver, said Parent. And having a stream of top Canadian officials from ministers to the Governor General and now the prime minister visit the region in recent years has helped as well. “I can tell you it’s translated into increased business for us in Brunei, in the Philippines and other (regional) nations,” Parent told reporters. He was part of the round table group that met Harper on Saturday in a downtown hotel. Talisman Energy, Bombardier Rail, Teknion Furniture and several major financial institutions are among the Canadian firms already cashing in on regional growth. CAE Inc., does all the pilot training for Air Asia, a discount airline that’s the fastest growing in the region. Canadian business presence in Malaysia may be growing, but the Chinese regional colossus puts Canada-Malaysian two-way trade in sharp perspective and explains the fawning media coverage accorded President Xi’s visit. Canada-Malaysia commercial trade tops out at about $3 billion annually, while China is doing almost $100 billion dollars a year in trade with Malaysia. On Saturday, President Xi said he’d like to see that total hit $160 billion a year by 2017. Small wonder then that Harper is keying in on trade talks with Pacific Rim countries Malaysia included as part of the Trans-Pacific Partnership negotiations. Those talks will be a subtext of the leaders’ summit that begins Monday on the Indonesian island of Bali, where Harper heads later Sunday. Canada and Malaysia also signed a declaration of intent to conclude a new tax agreement that Canadian officials say will reduce tax barriers between the two countries, but a statement from the Prime Minister’s Office contained no details. Note to readers: This is a corrected story. An earlier version mistakenly said China does almost a billion a year in trade with Malaysia.