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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Former PM Mulroney back on Parliament Hill in role as NAFTA broker + MORE Apr 6th
Brian Mulroney was back on Parliament Hill today _ and he’s not mincing words about the challenges Canada faces in renegotiating the North American Free Trade Agreement.
The former prime minister, a personal friend of Donald Trump and for many the grandfather of free trade in North America, ha.... More »
Hudson's Bay Co. reported to be in bid for Macy's - CBC.ca + MORE Feb 3rd
CBC.caHudson's Bay Co. reported to be in bid for Macy'sCBC.caShares of Hudson's Bay Co. and department store chain Macy's surged on Friday following reports that the venerable Canadian retailer has made a takeover approach to the U.S. company. Hudson's Bay shares rose as hig.... More »
RESPs 101: The RESP withdrawal rules + MORE Aug 16th
With a new school year here and academic fees due soon, you might be budgeting for the next eight months and planning a withdrawal from your registered education savings plan (RESP). While an RESP is the best way to save for just about any post-secondary education—more on that shortly—there are .... More »
2022 Income Tax Guide for Canadians: Deadlines, tax tips and more + MORE May 1st
It’s been quite a year for numbers, hasn’t it? From rising interest rates to steep stock market drops, finances have been headline news throughout 2022. It’s almost enough to make you forget about tax season. But with the tax deadline approaching, you have a few reminders (see the dates below).... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 14th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Kenney still wants PC-Wildrose merger
– macleans.ca
Alberta Conservative MP Jason Kenney arrives at an event announcing he will be seeking the leadership of Alberta’s Progressive Conservative party in Calgary, Alta., Wednesday, July 6, 2016. (Jeff McIntosh/CP)EDMONTON – Alberta MP Jason Kenney says he will still pursue a unity agenda even if he wins the Alberta Progressive Conservative leadership race but fails to get support from party members to merge with the right-centre Wildrose party.
Kenney’s comments came in an email Thursday from his campaign team after it was asked to respond to a leaked internal email from one of his organizers.
Rather than respond to the email, Kenney’s campaign team sent a transcript of remarks it said Kenney made at a meeting in Edmonton on Wednesday night.
According to the transcript, Kenney was asked what he would do if PC rank and file refuse to give him a mandate to broker a merger deal with the Wildrose.
“If those negotiations do not succeed, or if the members in their wisdom refuse to ratify an agreement for a new party, I would gracefully respect their judgment or the outcome,” Kenney responded, according to the transcript…
TSX, US markets climb by one per cent – Waterloo Record
– news.google.ca
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-digit …and more »
Deutsche Bank: No plan to pay $14B Justice Dept. settlement
– canadianbusiness.com
Deutsche Bank AG says it does not intend to pay $14 billion to settle civil claims with the U.S. Department of Justice for its handling of residential mortgage-backed securities and related transactions.
The bank confirmed Friday in a statement that the Justice Department had proposed a settlement of $14 billion and asked the German bank to make a counter proposal.
It described the proposed amount as an “opening position” put forward by the Justice Department in negotiations that were just beginning.
Deutsche Bank is among many financial institutions investigated over dealings in shoddy mortgages in the run-up to the 2008 crisis that led millions of Americans to lose their jobs and sometimes their homes.
The government has accused the banks of misleading investors about the quality of their loans.
The post Deutsche Bank: No plan to pay $14B Justice Dept. settlement appeared first on Canadian Business – Your Source For Business News.
The bank confirmed Friday in a statement that the Justice Department had proposed a settlement of $14 billion and asked the German bank to make a counter proposal.
It described the proposed amount as an “opening position” put forward by the Justice Department in negotiations that were just beginning.
Deutsche Bank is among many financial institutions investigated over dealings in shoddy mortgages in the run-up to the 2008 crisis that led millions of Americans to lose their jobs and sometimes their homes.
The government has accused the banks of misleading investors about the quality of their loans.
The post Deutsche Bank: No plan to pay $14B Justice Dept. settlement appeared first on Canadian Business – Your Source For Business News.
A three-per-cent rise in the share price of Apple shares helped send North American stock indexes higher on Thursday.
Alberta’s status of women minister applauds ASC reversal on disclosure rules
– canadianbusiness.com
EDMONTON – Alberta’s minister for the status of women says shareholders making decisions about publicly traded companies deserve information on the number of women on boards and in executive suites.
Stephanie McLean made the comments Thursday at a meeting with her federal and provincial counterparts in Edmonton.
McLean was referring to a decision by the Alberta Securities Commission this week to revisit a decision it made two years ago to not compel companies it oversees to disclose the number of women employed in senior positions.
The ASC says it is revisiting that decision on the urging of Premier Rachel Notley’s government.
It says it previously didn’t believe the issue was within its mandate, but now says it is.
McLean says statistics show that nine out of every 10 chairs in Alberta-based TSX companies are occupied by men, and says a spotlight needs to be put on that disparity.
The post Alberta’s status of women minister applauds ASC reversal on disclosure rules appeared first on Canadian Business – Your Source For Business News.
Stephanie McLean made the comments Thursday at a meeting with her federal and provincial counterparts in Edmonton.
McLean was referring to a decision by the Alberta Securities Commission this week to revisit a decision it made two years ago to not compel companies it oversees to disclose the number of women employed in senior positions.
The ASC says it is revisiting that decision on the urging of Premier Rachel Notley’s government.
It says it previously didn’t believe the issue was within its mandate, but now says it is.
McLean says statistics show that nine out of every 10 chairs in Alberta-based TSX companies are occupied by men, and says a spotlight needs to be put on that disparity.
The post Alberta’s status of women minister applauds ASC reversal on disclosure rules appeared first on Canadian Business – Your Source For Business News.
