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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Making sense of the markets this week: June 14 Jun 11th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Meme stocks: They’re back…
I thought new investors would get tired of losing money. But I guess not.
Crowd co-ordinated investing in companies specifically to drive the .... More »
6 Ways Businesses Can Use Money Wisely + MORE Nov 19th
Of the many moving parts that go into running a business, the financial structure is arguably the most important one to manage. This stems from the fact that this structure is what dictates in what direction business can go. Also, it dictates how quickly they can go in that direction. For example, i.... More »
How to buy Solana (SOL) in Canada Sep 25th
As cryptocurrencies become more mainstream, investors are looking beyond bitcoin and ether to get in on the action. These two coins still command the lion’s share of the $2.36-trillion global crypto market (all figures in U.S. dollars), but as they increasingly move in sync with stock markets, som.... More »
Apple Decreasing Production for iPhone 14 Plus, Report Says - CNET Oct 19th
Apple Decreasing Production for iPhone 14 Plus, Report Says CNETApple takes a hit on report it plans to cut production on iPhone 14 Plus CNBC TelevisionApple cuts iPhone 14+ production less than 2 weeks after debut ForexLiveApple reportedly cuts production figures on.... More »
A guide to free tuition with OSAP and CSG + MORE Sep 13th
Alisha Gordon, an Indigenous undergraduate at the University of Calgary, will have less than $1,000 in student debt at the end of her four-year degree. Like many students in Canada, she’s benefitted from the federal and provincial governments’ efforts to reduce the cost.... More »
Learn, save, invest and prosper with My Own Advisor.Welcome to your latest Weekend Reading edition, some of the best personal finance and investing articles from the blogosphere. Earlier this week, I caught with an index investor on his way to financial freedom – you can check out his portfolio here. I also started a new partnership on my site, with ModernAdvisor and profiled their online portfolio management service. You can try ModernAdvisor risk-free for 30 days with a trial account funded with $1,000 of ModernAdvisor’s money. At the end of your trial period you can keep any gains if you open and fund a new ModernAdvisor account.
Finally on my site this week, I had a rebuttal to this article – why a personal finance day per month is a good idea. I don’t think so…
Best wishes for your weekend and don’t let any #sinkhole stand in your way!
Sure Dividend highlighted Buffett’s top-20 stocks based on yield.
Young bought one BRK.B (Berkshire B –Class Share) so she could buy a credential and attend the Berkshire Annual General Meeting…
BP, Aker form joint offshore oil venture in Norway
– canadianbusiness.com
STAVANGER, Norway – Norwegian holding company Aker ASA and London-based BP say they have reached a deal to combine their offshore oil and gas assets in Norway.
The new joint venture, Aker BP, will merge oil company Det norske oljeselskap, in which Aker is the biggest owner, and BP’s Norwegian unit.
Aker will own a 40 per cent stake and BP a 30 per cent stake in the new company. The remaining shares will be held by other Det norske shareholders.
The deal is subject to approval by Norwegian and European Union authorities.
BP Chief Executive Bob Dudeley said the Norwegian continental shelf “represents significant opportunities going forward and we are looking forward to working together with Aker to unlock the long term value of the company through growth and efficient operations.”
The post BP, Aker form joint offshore oil venture in Norway appeared first on Canadian Business – Your Source For Business News.
The new joint venture, Aker BP, will merge oil company Det norske oljeselskap, in which Aker is the biggest owner, and BP’s Norwegian unit.
Aker will own a 40 per cent stake and BP a 30 per cent stake in the new company. The remaining shares will be held by other Det norske shareholders.
The deal is subject to approval by Norwegian and European Union authorities.
BP Chief Executive Bob Dudeley said the Norwegian continental shelf “represents significant opportunities going forward and we are looking forward to working together with Aker to unlock the long term value of the company through growth and efficient operations.”
The post BP, Aker form joint offshore oil venture in Norway appeared first on Canadian Business – Your Source For Business News.
ADB Oks 1st co-financing with China’s AIIB for Pakistan road
– canadianbusiness.com
MANILA, Philippines – The Asian Development Bank announced Friday its approval of a $100 million loan for a highway project in Pakistan, marking its first co-financing with the China-led Asian Infrastructure Investment Bank.
AIIB will provide a $100 million counterpart loan subject to its board’s approval later this month while the United Kingdom’s Department of International Development is extending a $34 million grant, ADB said. The Manila-based lender will serve as lead financier and administrator for the AIIB loan and DFID grant.
AIIB has been viewed by some as a rival to the U.S.-led World Bank and the Japan-led ADB, with suspicions China could use it to advance its influence and agenda.
ADB President Takehiko Nakao said the project will fund the remaining 64-kilometre (40-mile), four-lane section of a highway connecting the towns of Shorkot and Khanewal in Punjab province. It has strategic value to Pakistan as it supports north-south connectivity, boosts businesses and jobs, and will help cut poverty, he said…
AIIB will provide a $100 million counterpart loan subject to its board’s approval later this month while the United Kingdom’s Department of International Development is extending a $34 million grant, ADB said. The Manila-based lender will serve as lead financier and administrator for the AIIB loan and DFID grant.
AIIB has been viewed by some as a rival to the U.S.-led World Bank and the Japan-led ADB, with suspicions China could use it to advance its influence and agenda.
ADB President Takehiko Nakao said the project will fund the remaining 64-kilometre (40-mile), four-lane section of a highway connecting the towns of Shorkot and Khanewal in Punjab province. It has strategic value to Pakistan as it supports north-south connectivity, boosts businesses and jobs, and will help cut poverty, he said…
House OKs bill to ease Puerto Rico’s debt, Senate up next
– canadianbusiness.com
WASHINGTON – A rescue package for debt-stricken Puerto Rico has cleared a major hurdle in the House and now heads to the Senate just three weeks before the island owes a $2 billion debt payment to creditors.
The House on Thursday passed legislation to create a financial control board and allow restructuring of some of Puerto Rico’s $70 billion debt. In a rare display of political unity, the bill had the support of President Barack Obama, House Speaker Paul Ryan, R-Wis., and Minority Leader Nancy Pelosi, D-Calif.
“The Puerto Rican people are our fellow Americans. They pay our taxes, they fight in our wars. We cannot allow this to happen,” Ryan said in a floor speech just before the bill passed.
The overwhelming, bipartisan 297-127 vote in favour of the bill was a victory for Ryan, who had urged his colleagues, especially reluctant conservatives in the GOP caucus, to back the bill. He participated closely in negotiations on the legislation, which was one of the first major bills he shepherded through the House since becoming speaker last fall…
The House on Thursday passed legislation to create a financial control board and allow restructuring of some of Puerto Rico’s $70 billion debt. In a rare display of political unity, the bill had the support of President Barack Obama, House Speaker Paul Ryan, R-Wis., and Minority Leader Nancy Pelosi, D-Calif.
“The Puerto Rican people are our fellow Americans. They pay our taxes, they fight in our wars. We cannot allow this to happen,” Ryan said in a floor speech just before the bill passed.
The overwhelming, bipartisan 297-127 vote in favour of the bill was a victory for Ryan, who had urged his colleagues, especially reluctant conservatives in the GOP caucus, to back the bill. He participated closely in negotiations on the legislation, which was one of the first major bills he shepherded through the House since becoming speaker last fall…
Canada: The world’s basket case of food producers
– theglobeandmail.com
How a lack of investment, bureaucratic intervention and political shortsightedness are acting as a ‘wet blanket’ for what should be a booming industry
