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How does a LIRA work after a pension transfer? + MORE Feb 20th
Q: I recently transferred my pension from Bombardier to Sun Life. I completed all the documentation and expected the fund to be transferred to an RRSP “Fidelity Clear Path 2035 Port Seg Fund” with around $70,000. Instead Sun Life has put the funds into a LIRA with the same account allocations .... More »
Introducing KOHO, a unique financial service app Aug 16th
Nowadays, consumers can shop around for the low- or no-fee accounts, competitive interest rates, and additional features they want. And banks aren’t the only ones delivering financial services to Canadians. Fintechs, which integrate technologies into the financial sector, have empowered developers.... More »
Having a will is essential (and easier than you think) + MORE Jun 18th
Writing a will is one of those things that tends to sit on your to-do list indefinitely, right up there with organizing old paperwork or finally cleaning out the basement. You know it matters and that you’ll get to it eventually, but it never seems to make it to the top of the priority list.
.... More »
Pot firms Canopy, Aurora are making money – at a steep price - Article - BNNBloomberg.ca + MORE Feb 15th
Pot firms Canopy, Aurora are making money – at a steep price - Article BNNBloomberg.caCanopy Growth beats earnings estimates on soaring revenue in first quarter since legalization The Globe and MailCanopy Growth’s revenue, losses both soar Globalnews.caCanopy gai.... More »
The best GIC rates in Canada for 2025 + MORE Oct 6th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Chinese e-shoppers spend billions on Singles Day
– canadianbusiness.com
BEIJING, China – In a bright spot for China’s cooling economy, online shoppers spent billions of dollars Friday on “Singles Day,” a quirky holiday that has grown into the world’s busiest day for e-commerce.
The country’s biggest e-commerce brand, Alibaba Group, said sales by the thousands of retailers on its platforms passed 62.6 billion yuan ($9 billion) in the first 10 hours of the day. That is triple the $3 billion research firm comScore says Americans spent in total last year on Cyber Monday, the country’s biggest online shopping day.
Rivals including JD.com, VIP.com and Suning offered bargains on clothing, smartphones, travel packages and other goods to attract shoppers.
JD.com said it planned to test delivery by drone to customers in four rural areas in what the company it believed to be the first commercial use of such service.
The spending gives a boost to the ruling Communist Party’s efforts to nurture consumer-based economic growth and reduce reliance on trade and investment…
The country’s biggest e-commerce brand, Alibaba Group, said sales by the thousands of retailers on its platforms passed 62.6 billion yuan ($9 billion) in the first 10 hours of the day. That is triple the $3 billion research firm comScore says Americans spent in total last year on Cyber Monday, the country’s biggest online shopping day.
Rivals including JD.com, VIP.com and Suning offered bargains on clothing, smartphones, travel packages and other goods to attract shoppers.
JD.com said it planned to test delivery by drone to customers in four rural areas in what the company it believed to be the first commercial use of such service.
The spending gives a boost to the ruling Communist Party’s efforts to nurture consumer-based economic growth and reduce reliance on trade and investment…
Richardson GMP stays the course despite numerous bids to buy firm
– theglobeandmail.com
Canada’s largest independent broker will not be sold
The close: Dow jumps to record as Trump bounce continues
– theglobeandmail.com
Donald Trump’s unlikely rise to power is providing a shot in the arm for global financial markets
Vantiv to buy Moneris subsidiary for $US425 million by end of year
– canadianbusiness.com
TORONTO – U.S.-based Vantiv, Inc. is buying an American subsidiary of Toronto-based payment processor Moneris Solutions Corp. for US$425 million.
Upon completion of the deal, Vantiv will begin servicing merchants and other business relationships of Schaumburg, Ill.-based subsidiary Moneris Solutions, Inc.
The servicing arrangement will include BMO Harris Bank which operates about 600 branches in the U.S.
Vantiv serves more than 800,000 merchant locations and 1,400 financial institutions.
Moneris Solutions, Inc. processed about US$12 billion in transaction volume in 2015.
The deal is expected to close in the fourth quarter of this year, pending certain adjustments.
The post Vantiv to buy Moneris subsidiary for $US425 million by end of year appeared first on Canadian Business – Your Source For Business News.
Upon completion of the deal, Vantiv will begin servicing merchants and other business relationships of Schaumburg, Ill.-based subsidiary Moneris Solutions, Inc.
The servicing arrangement will include BMO Harris Bank which operates about 600 branches in the U.S.
Vantiv serves more than 800,000 merchant locations and 1,400 financial institutions.
Moneris Solutions, Inc. processed about US$12 billion in transaction volume in 2015.
The deal is expected to close in the fourth quarter of this year, pending certain adjustments.
The post Vantiv to buy Moneris subsidiary for $US425 million by end of year appeared first on Canadian Business – Your Source For Business News.
Donald Trump is a mixed blessing for Chinese leaders
– canadianbusiness.com
BEIJING, China – Donald Trump is a mixed blessing for Chinese leaders.
Trump’s threats to tear up trade deals and hike tariffs on Chinese goods look ominous. If carried out, they could chill thriving commercial ties at a time when Beijing is struggling to shore up economic growth.
At the same time, Trump’s suggestion he might reduce Washington’s global strategic presence to focus on domestic issues would be a gift to Chinese leaders. They could expand their political and military profile in East Asia with less risk of conflict.
___
The incoming Trump administration faces the task of maintaining influence in the face of rising Chinese strategic ambitions while accommodating Asian countries that are being drawn into Beijing’s economic orbit.
That calls for more nimble diplomacy that transcends the security-focused “pivot to Asia” and caters to countries’ desire for a balanced relationship between Washington and Beijing, analysts say. It will require greater economic and diplomatic engagement, drawing on America’s soft power assets in culture, media and education…
Trump’s threats to tear up trade deals and hike tariffs on Chinese goods look ominous. If carried out, they could chill thriving commercial ties at a time when Beijing is struggling to shore up economic growth.
At the same time, Trump’s suggestion he might reduce Washington’s global strategic presence to focus on domestic issues would be a gift to Chinese leaders. They could expand their political and military profile in East Asia with less risk of conflict.
___
The incoming Trump administration faces the task of maintaining influence in the face of rising Chinese strategic ambitions while accommodating Asian countries that are being drawn into Beijing’s economic orbit.
That calls for more nimble diplomacy that transcends the security-focused “pivot to Asia” and caters to countries’ desire for a balanced relationship between Washington and Beijing, analysts say. It will require greater economic and diplomatic engagement, drawing on America’s soft power assets in culture, media and education…
