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.
Latest News
Twitter Reportedly Planning to Charge $20 per Month for Verification, Even For Those Already Verified - IGN Oct 31st
Twitter Reportedly Planning to Charge $20 per Month for Verification, Even For Those Already Verified IGNWION Fineprint: Elon Musk planning layoffs at Twitter, say reports | World News | WION WIONElon Musk says Twitter will revise how it verifies users The Globe and .... More »
Should I fire my advisor and invest by myself? + MORE Feb 11th
(Flickr)
Q. Bruce, I believe I am with a good and honest financial advisor. On her recommendation, I hold low-cost mutual funds, with an MER below 1%. My returns have averaged 6-8% annually over the past few years. But I am wondering if I should consider moving into a self-directed investment.... More »
Canadian investors find real estate strategy shifts along with Chinese economy Dec 25th
From warehouses to shopping malls, Canadian institutions such as large pension funds struck partnerships and took stakes in properties poised to benefit from China’s continued, albeit slowing, economic growth cycle
.... More »
‘Borderlands 3’ Has Been Forced To Remove Crossplay Support For PlayStation - Forbes + MORE May 27th
‘Borderlands 3’ Has Been Forced To Remove Crossplay Support For PlayStation ForbesUncharted 4 coming to PC alongside other PlayStation exclusives MobileSyrupSony wants to grow from '160 million to 1 billion' users - and plans PlayStation Now investment to get there &nb.... More »
The best TFSAs in Canada for 2022 + MORE Nov 17th
As the name suggests, tax-free savings accounts (TFSAs) offer a tax break on contribution income—meaning that, unlike with a regular savings account or non-registered investment account, what you earn inside your TFSA isn’t taxed, even when you make a withdrawal. TFSAs are flexible, too, allowin.... More »
RBS may have to pay up to its market value in fines, lawsuits: experts
– theglobeandmail.com
That bill represents the upper end of estimates to settle a range of claims related to RBS’s alleged misconduct before and during the financial crisis
Emails show how private and public Clinton statements clash
– canadianbusiness.com
WASHINGTON – Behind closed doors, Hillary Clinton adopted a rather more accommodating tone with Wall Street than she has on the campaign trail.
In private paid speeches to financial firms and interest groups before she declared her candidacy, the Democratic presidential nominee comes off as a knowing insider, willing to cut backroom deals, embrace open trade and grant Wall Street a central role in crafting financial regulations, according to excerpts obtained last week through hacked campaign emails provided to WikiLeaks.
Compare that with her public remarks in the presidential race. For voters, Clinton has embraced the rhetoric of a class warrior: Higher taxes on the wealthy. Tougher rules for Wall Street. Empathy for the financial burdens of ordinary Americans.
The gap between her private and public remarks helps explain the relatively high levels of distrust that voters, including some of her own supporters, have expressed about the former secretary of state, New York senator and presidential spouse…
In private paid speeches to financial firms and interest groups before she declared her candidacy, the Democratic presidential nominee comes off as a knowing insider, willing to cut backroom deals, embrace open trade and grant Wall Street a central role in crafting financial regulations, according to excerpts obtained last week through hacked campaign emails provided to WikiLeaks.
Compare that with her public remarks in the presidential race. For voters, Clinton has embraced the rhetoric of a class warrior: Higher taxes on the wealthy. Tougher rules for Wall Street. Empathy for the financial burdens of ordinary Americans.
The gap between her private and public remarks helps explain the relatively high levels of distrust that voters, including some of her own supporters, have expressed about the former secretary of state, New York senator and presidential spouse…
Singapore closes, fines bank for Malaysian 1MDB Fund links
– canadianbusiness.com
SINGAPORE – Singaporean and Swiss regulators announced fines and other penalties Tuesday for Falcon Private Bank, saying it breached money laundering regulations in its dealings with the indebted Malaysian state fund 1MDB.
The Monetary Authority of Singapore ordered the private bank to close down in the city-state and pay a fine of 4.3 million Singapore dollars ($3.12 million) for violations that included not filing suspicious transaction reports and failing to alert authorities about irregular activity in customers’ accounts.
The Singapore branch manager of Falcon Private Bank, Jens Sturzenegger, was arrested on Oct 6, it said in a statement.
The regulator cited “serious failures in anti-money laundering controls and improper conduct by senior management” in Switzerland and Singapore.
The Swiss financial watchdog likewise said it found Falcon Private Bank had failed to carry out adequate background checks into transactions and business relationships. It fined Falcon 2…
The Monetary Authority of Singapore ordered the private bank to close down in the city-state and pay a fine of 4.3 million Singapore dollars ($3.12 million) for violations that included not filing suspicious transaction reports and failing to alert authorities about irregular activity in customers’ accounts.
The Singapore branch manager of Falcon Private Bank, Jens Sturzenegger, was arrested on Oct 6, it said in a statement.
The regulator cited “serious failures in anti-money laundering controls and improper conduct by senior management” in Switzerland and Singapore.
The Swiss financial watchdog likewise said it found Falcon Private Bank had failed to carry out adequate background checks into transactions and business relationships. It fined Falcon 2…
Fiat-Chrysler and Unifor reach tentative agreement
– canadianbusiness.com
TORONTO – A last-minute tentative agreement has averted a threatened strike by 9,750 workers at Fiat-Chrysler’s operations in Ontario.
Unifor president Jerry Dias announced the four-year deal just minutes before a strike deadline of 11:59 p.m. Monday night.
He said the deal, which followed what he called “one very difficult set of negotiations,” mirrors the one reached with General Motors on Sept. 20.
That deal, since ratified by GM workers, includes a two per cent wage increase this year and another two per cent increase in September, 2019. There is also a $6,000 signing bonus plus lump sum bonuses of $2,000 in each of the next three years to most employees.
It also included improvements to benefits, hiring practices and a GM commitment to invest $554 million in its Canadian operations.
Dias said the agreement with Fiat-Chrysler includes a $325 million investment at an assembly plant in Brampton, Ont., and a pledge to upgrade an old paint shop at the facility.
“We were deeply concerned with the fact that the paint shop in our Brampton assembly plant that builds the 300s, the Chargers and the Challengers is over 30 years old,” said Dias…
Unifor president Jerry Dias announced the four-year deal just minutes before a strike deadline of 11:59 p.m. Monday night.
He said the deal, which followed what he called “one very difficult set of negotiations,” mirrors the one reached with General Motors on Sept. 20.
That deal, since ratified by GM workers, includes a two per cent wage increase this year and another two per cent increase in September, 2019. There is also a $6,000 signing bonus plus lump sum bonuses of $2,000 in each of the next three years to most employees.
It also included improvements to benefits, hiring practices and a GM commitment to invest $554 million in its Canadian operations.
Dias said the agreement with Fiat-Chrysler includes a $325 million investment at an assembly plant in Brampton, Ont., and a pledge to upgrade an old paint shop at the facility.
“We were deeply concerned with the fact that the paint shop in our Brampton assembly plant that builds the 300s, the Chargers and the Challengers is over 30 years old,” said Dias…
Unifor and Fiat Chrysler avert strike, reach tentative agreement – The Globe and Mail
– news.google.ca
The Globe and MailUnifor and Fiat Chrysler avert strike, reach tentative agreementThe Globe and MailNegotiators for Unifor and Fiat Chrysler Automobiles NV reached a last-minute tentative agreement, averting a strike by about 10,000 auto workers that would have shut down the company's two Canadian assembly plants and a factory that makes engine parts …Fiat-Chrysler and Unifor reach tentative agreement, avert strikeCTV NewsUnifor reaches tentative deal with Fiat Chrysler, secures $325M investment in BramptonFinancial PostUpdated: Strike narrowly averted; Unifor, Fiat Chrysler reach tentative dealWindsor StarEdmonton Journal -BlackburnNews.com -USA TODAY -New York Timesall 83 news articles »
