The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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TSX, US markets climb by one per cent - Waterloo Record + MORE Sep 16th
TSX, US markets climb by one per centWaterloo RecordTORONTO — Major North American stock markets climbed Thursday, boosted by weak U.S. retail sales data that traders took as a sign the Federal Reserve may delay raising interest rates. In Toronto, the S&P/TSX composite index racked up a three-.... More »
At least 2 people shot at Manhattan office building housing financial firms and NFL, AP source says - CTV News Jul 29th
At least 2 people shot at Manhattan office building housing financial firms and NFL, AP source says CTV NewsFive people, including gunman, dead in shooting at New York City high-rise NBC NewsThe 'hero' policeman who died saving lives during NYC skyscraper shooting BB.... More »
Live coverage: Federal leaders face off in French-language debate - Montreal Gazette + MORE Oct 2nd
Live coverage: Federal leaders face off in French-language debate Montreal GazetteAndrew Scheer met 5 undecided Canadian voters. Here's what happened CBC.caJason Kenney headed to Ontario to campaign for Andrew Scheer in crucial Toronto-area ridings National PostAsk y.... More »
CPP earned 11.6% on your pension money this year + MORE May 17th
The people who invest the Canada Pension Plan's money earned a return of 11.6 per cent in the past year once all the costs were paid, enough to boost the fund's total assets by almost $40 billion..... More »
Fox and Disney shareholders approve deal for entertainment assets + MORE Jul 27th
Twenty-First Century Fox Inc. and Walt Disney Co. said on Friday their shareholders voted to approve Disney's $71 billion US purchase of Fox's film and television assets..... More »
Ontario Liberals are illegally keeping information from their own government budget watchdog, he says – National Post
– news.google.ca
National PostOntario Liberals are illegally keeping information from their own government budget watchdog, he saysNational PostOntario's ministries are keeping information from the government's own financial accountability officer that he needs to do his job, he said Tuesday morning. Stephen LeClair has been in the job just over a year, doing a similar thing in Ontario as the …Financial accountability officer says Ontario Liberals block his access to infoCanadianBusiness.comall 4 news articles »
Sherritt seeks extension on $720-million in debt to weather downturn
– theglobeandmail.com
Company says a three-year delay would treat all noteholders fairly and provide greater financial stability as it weathers a period of weak commodity prices
CPPIB buys into round of bonds secured by Romanian real estate
– theglobeandmail.com
Pension plan has committed $218-million
California pension fund CEO to be sentenced for bribery
– canadianbusiness.com
SAN FRANCISCO – Federal prosecutors want the former head of the nation’s largest public pension fund sent to prison for four years after he acknowledged accepting more than $200,000 in bribes and trying to steer investments to help an associate.
A judge on Tuesday in San Francisco was expected to sentence Federico Buenrostro, former chief executive of the California Public Employees’ Retirement System. He pleaded guilty to fraud and bribery charges two years ago, saying he started taking bribes around 2005 to try to get staff members to make investment decisions that helped Alfred Villalobos, an investment manager and former board member of the pension fund.
Buenrostro said he accepted cash, a trip around the world and allowed Villalobos to pay for his wedding in Lake Tahoe, California. Villalobos killed himself last year, weeks before he was set to go on trial. He had pleaded not guilty to fraud charges.
Buenrostro’s guilty plea came out of a yearslong investigation into the role of money-management firm middlemen, called placement agents, in helping clients win investment business from the pension fund…
A judge on Tuesday in San Francisco was expected to sentence Federico Buenrostro, former chief executive of the California Public Employees’ Retirement System. He pleaded guilty to fraud and bribery charges two years ago, saying he started taking bribes around 2005 to try to get staff members to make investment decisions that helped Alfred Villalobos, an investment manager and former board member of the pension fund.
Buenrostro said he accepted cash, a trip around the world and allowed Villalobos to pay for his wedding in Lake Tahoe, California. Villalobos killed himself last year, weeks before he was set to go on trial. He had pleaded not guilty to fraud charges.
Buenrostro’s guilty plea came out of a yearslong investigation into the role of money-management firm middlemen, called placement agents, in helping clients win investment business from the pension fund…
US home prices rise in March as spring buying season begins
– canadianbusiness.com
WASHINGTON – U.S. home prices kept climbing in March as the spring home buying season began, but so far the higher costs haven’t thwarted sales.
The Standard & Poor’s/Case-Shiller 20-city home price index increased 5.4 per cent in March compared with a year earlier, according to a report released Tuesday. That is the same annual gain as in February.
Solid job growth, modest increases in wages and salaries, and low mortgage rates are fueling Americans’ willingness to buy homes. Yet there is also a limited supply of homes on the market, which pushes up prices.
David Blitzer, chairman of the S&P index committee, said the number of homes on the market is equal to less than 2 per cent U.S. households, the lowest percentage since the mid-1980s.
The number of available homes fell 3.6 per cent in April, according to the National Association of Realtors.
“It remains a tough home buying season for buyers, with little inventory available among lower-priced homes,” Svenja Gudell, chief economist at real estate data firm Zillow…
The Standard & Poor’s/Case-Shiller 20-city home price index increased 5.4 per cent in March compared with a year earlier, according to a report released Tuesday. That is the same annual gain as in February.
Solid job growth, modest increases in wages and salaries, and low mortgage rates are fueling Americans’ willingness to buy homes. Yet there is also a limited supply of homes on the market, which pushes up prices.
David Blitzer, chairman of the S&P index committee, said the number of homes on the market is equal to less than 2 per cent U.S. households, the lowest percentage since the mid-1980s.
The number of available homes fell 3.6 per cent in April, according to the National Association of Realtors.
“It remains a tough home buying season for buyers, with little inventory available among lower-priced homes,” Svenja Gudell, chief economist at real estate data firm Zillow…
