Is Canada’s housing market headed for collapse?
There’s plenty of arguments to be made on both sides of that question, but so far no clear answer. What does appear obvious is that Bank of Nova Scotia has emerged as perhaps the best positioned of the domestic banks to withstand the kind of impact on retail lending that you might expect from a worst case scenario in residential real estate. It’s all about diversification.
TORONTO — Canadian Tire’s partnership with Scotiabank isn’t just about taking some weight off of its balance sheet — it is another key component in a multi-year effort to restore the retailer’s brand to glory as rivals such as Target and Walmart amp up their presence in this market.
“The financial piece is fantastic, but the marketing opportunities are phenomenal,” Duncan Fulton, chief marketing officer at the retailer’s FGL Sports and Mark’s division, said after the company’s annual general meeting on Thursday.
Bank of Nova Scotia has historically underperformed when it comes to credit cards and will make expanding that business in Canada a priority, Chief Executive Officer Brian Porter said.
“In an increasingly competitive environment, credit cards allow us to better serve existing customers — and attract new ones,” Porter said at the Toronto-based firm’s annual investors’ meeting in Kelowna, British Columbia. “They also provide us with an attractive risk-adjusted return.”
Information on more than 17 million mobile phone customers will be used to sell advertising on the internet later this summer. A venture set up by Vodafone, O2 and EE will look to profit from the data they have collected from customers by placing advertisements on behalf of multi-national corporations such as carmakers and food and drink giants.
One of the least understood aspects of Facebook's advertising business is its move into "Big Data." Back in Q1 2013, Facebook signed deals with Datalogix, Acxiom, BlueKai, and Epsilon. They are all companies that either hold or process vast troves of consumer marketing and purchase information.
Gogo Inc (GOGO), the leader of in-flight Wi-Fi solutions, has teamed up with T-Mobile US Inc. (TMUS) to enhance coverage for the wireless carrier’s customers – and that too at 30,000 feet. T-Mobile, which has been scrapping its way to the forefront of the telecom industry, is the fourth-largest and fastest-growing major telecom company in the US.