PM hopes to attract billions in private capital for infrastructure projects + MORE Nov 14th

It’s Financial Literacy Month and MoneySense is releasing a new cheat sheet on the basics of personal finance for four days this week. On Friday, we’ll have a special Facebook Live testing other magazine editors on their money sense. Tune in live at 3 p.m. on our Facebook page to watch us put them to the test and participate if you think you know your stuff.
1. Set a goal
If you’re serious about saving you need to set a goal so you know what you’re saving for. Whether it’s a trip to Japan you hope to take in a few months or saving for retirement, having a very specific goal will help you stay motivated and on track.
2. Track your dollars
The best way to get on track to saving is to spend less than you earn. Tracking your spending—either through a daily journal or an app—can help you do this.
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American Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, according to people familiar with the matter.

Canada’s Gildan Activewear said it has agreed to buy intellectual property rights related to the brand and certain assets from American Apparel for about $66-million

SEOUL, South Korea – South Korean internet giant Naver Corp. has launched a $43 million fund with Japan’s Softbank to invest in content and technology startups.
The investment fund will scout for new technology and talent for Naver’s mobile services with global ambitions, the company said Monday.
Naver spun off its video communications app Snow into an independent unit in August, hoping that it could replicate the success of its Line messenger app. Akin to Snapchat, Snow has been one of the most popular social media apps among young Asians since it was launched in September last year.
Chiefs at two of Naver’s popular mobile services, Snow and Naver Webtoon, will join the investment fund as advisers. Softbank Ventures will run the fund, to which Naver will contribute $34 million.
Kim Chang-wook, chief of Naver’s wholly owned subsidiary Snow, said that he will seek technology companies that can add fun and creative twists to its video app.
The fund will support creators of videos, concerts, games and online cartoons using virtual reality or other technologies, said Lee Joonpyo, a director at Softbank Ventures Korea…

TORONTO – Justin Trudeau and nine members of his cabinet are in Toronto today to meet with some of the world’s most powerful institutional investors with trillions of dollars at their disposal.
The prime minister is hoping to persuade some two dozen representatives of large international pools of capital that Canada offers a stable economic and political environment in which to safely invest.
Those at the table will include representatives of central banks, sovereign wealth funds, insurers and pension funds whose combined assets are worth a staggering $21 trillion.
Attracting billions in private-sector capital for “transformative” infrastructure projects is key to the Liberal government’s long-term strategy to boost Canada’s sluggish economic growth.
The investors’ summit comes just two weeks after Finance Minister Bill Morneau announced plans to launch an infrastructure bank next year, which the government pledged to pump $35 billion into over the coming decade…