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These two charts suggest bank stock rally has plenty of life yet + MORE Dec 20th
Price-to-book value has been an excellent predictor of future bank-stock performance
.... More »
The best bank accounts for students in Canada 2020 Apr 9th
Table of contents
The best bank accounts for students in Canada
The best online bank accounts for students in Canada
What is a student bank account?
What do you need to open a student bank account?
How to choose the best student bank account for you
With the cost of tuition and books—not t.... More »
At the open: TSX falls as sliding oil prices drag energy shares + MORE May 31st
Canada’s main stock index turned negative shortly after the open on Wednesday, as a sharp decline in energy companies, hurt by falling oil prices, offset a broad rally in most other sectors.
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Don’t make these mistakes when investing in AI May 12th
Presented by CIBC
Photo: Stocksy
It’s easy to see why businesses would want to experiment with artificial intelligence: it can help identify pain points in a company’s workflow, leading to more efficient supply chains or internal processes, which saves time and money. It also allows workers to.... More »
When To Sell Your Investment Property? Sep 25th
Theoretically, real estate appreciates forever. The housing market rises and falls but given enough time, all properties are worth more than their purchase price. However, holding on to properties forever is impossible. Moreover, taking advantage of a high point in the market can be the best decisio.... More »
Famed attorney F. Lee Bailey files for bankruptcy in Maine
– canadianbusiness.com
PORTLAND, Maine – Famed attorney F. Lee Bailey has filed for bankruptcy in Maine in an effort to discharge an IRS debt of more than $5 million.
Debts to the Internal Revenue Service aren’t normally discharged in bankruptcy proceedings, but the 83-year-old told the Portland Press Herald (http://bit.ly/28Se2hO ) on Friday that it can be as long as one complies with certain conditions. The debt stems from a dispute over his reportable income from 1993 to 2001.
During that time period, Bailey served as one of O.J. Simpson’s attorneys at his murder trial.
The bankruptcy filing also lists $364,925 owed on Bailey’s Yarmouth condominium.
Bailey was disbarred in Florida in 2001 over mishandling client assets. Massachusetts issued a reciprocal disbarment in 2003. Bailey’s bid to gain admission to the Maine bar failed in 2014.
The post Famed attorney F. Lee Bailey files for bankruptcy in Maine appeared first on Canadian Business – Your Source For Business News.
Debts to the Internal Revenue Service aren’t normally discharged in bankruptcy proceedings, but the 83-year-old told the Portland Press Herald (http://bit.ly/28Se2hO ) on Friday that it can be as long as one complies with certain conditions. The debt stems from a dispute over his reportable income from 1993 to 2001.
During that time period, Bailey served as one of O.J. Simpson’s attorneys at his murder trial.
The bankruptcy filing also lists $364,925 owed on Bailey’s Yarmouth condominium.
Bailey was disbarred in Florida in 2001 over mishandling client assets. Massachusetts issued a reciprocal disbarment in 2003. Bailey’s bid to gain admission to the Maine bar failed in 2014.
The post Famed attorney F. Lee Bailey files for bankruptcy in Maine appeared first on Canadian Business – Your Source For Business News.
Russian President Putin meets with Chinese leaders
– canadianbusiness.com
BEIJING, China – Russian President Vladimir Putin on Saturday emphasized economic ties with China and praised what he called Russia’s “all-embracing and strategic partnership” with its neighbour, during a visit to Beijing that takes place against the background of a drop in trade and lingering mistrust.
Putin told Chinese Premier Li Keqiang that ties were based firmly on common economic interests, a reference to Russian hopes for Chinese investment and purchases of its oil, gas and military exports.
“Our relations really have the character of an all-embracing and strategic partnership,” Putin told Li at the start of their meeting at the Great Hall of the People in the heart of Beijing.
While Russia and China are linked by co-operation on the international stage, as well as in culture, education and other spheres, “in one way or another, everything has an economic base,” Putin said.
Leaders from both countries have extolled the blossoming strategic partnership between the former communist rivals, despite a major decline in two-way trade and the failure to materialize of a slew of ambitious projects…
Putin told Chinese Premier Li Keqiang that ties were based firmly on common economic interests, a reference to Russian hopes for Chinese investment and purchases of its oil, gas and military exports.
“Our relations really have the character of an all-embracing and strategic partnership,” Putin told Li at the start of their meeting at the Great Hall of the People in the heart of Beijing.
While Russia and China are linked by co-operation on the international stage, as well as in culture, education and other spheres, “in one way or another, everything has an economic base,” Putin said.
Leaders from both countries have extolled the blossoming strategic partnership between the former communist rivals, despite a major decline in two-way trade and the failure to materialize of a slew of ambitious projects…
We may not be headed for another global financial crisis. But financial experts warn that Brexit could affect everything from Canadian housing prices to your retirement savings.
China-led development bank approves first loans
– canadianbusiness.com
BEIJING, China – A new Chinese-led development bank has approved its first loans and expects to suffer no impact from Britain’s vote to leave the European Union, the bank’s president said Saturday at its first annual meeting.
The Asian Infrastructure Investment Bank, launched in January with 57 member governments, already has received expressions of interest from possible additional members, said Jin Liqun at a news conference. He said observers from 24 other nations attended the meeting.
The bank reflects China’s rapidly growing financial might and desire for a bigger voice in global finance, which is dominated by the United States and Europe.
Despite initial U.S. opposition, the AIIB attracted unexpectedly wide support from American allies including Britain, France, Australia and South Korea. Washington and Japan have refrained from seeking membership.
The bank’s board approved a total of $509 million in loans Friday for a power project in Bangladesh, slum-upgrading in Indonesia and road-building in Pakistan and Tajikistan, according to Jin, a former chairman of China’s sovereign wealth fund…
The Asian Infrastructure Investment Bank, launched in January with 57 member governments, already has received expressions of interest from possible additional members, said Jin Liqun at a news conference. He said observers from 24 other nations attended the meeting.
The bank reflects China’s rapidly growing financial might and desire for a bigger voice in global finance, which is dominated by the United States and Europe.
Despite initial U.S. opposition, the AIIB attracted unexpectedly wide support from American allies including Britain, France, Australia and South Korea. Washington and Japan have refrained from seeking membership.
The bank’s board approved a total of $509 million in loans Friday for a power project in Bangladesh, slum-upgrading in Indonesia and road-building in Pakistan and Tajikistan, according to Jin, a former chairman of China’s sovereign wealth fund…
