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
China coronavirus toll exceeds 1,300 as Hubei reports 242 deaths - Al Jazeera English Feb 12th
China coronavirus toll exceeds 1,300 as Hubei reports 242 deaths Al Jazeera EnglishCoronavirus news and live updates: Death toll surpasses 1,100 CNN InternationalJump in new coronavirus cases derails stock rally Investing.comWhy the world economy will be facing China.... More »
Beyond financial planning: How to achieve the lifestyle you want + MORE May 25th
Q. I have just turned 40, am single, and earn $86,000 a year. I also have zero debt. I just finished paying off my house, worth $315,000, and I would like to continue to put away my mortgage payment of $1,000 every two weeks as savings.
Because all money went to debt repayment, I’ve never really i.... More »
Alberta government plans to table recall legislation for MLAs, local councils - CBC.ca Feb 25th
Alberta government plans to table recall legislation for MLAs, local councils CBC.ca'Do what is necessary': Kenney hints at investment in major oil and gas project Edmonton JournalProvincial investment in oil and gas may be needed in changing investment climate, Kenney says&nbs.... More »
Fewer banking fees, help for mortgage holders—here’s what new rules could mean for Canadians Oct 27th
On October 17, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced new affordability measures related to mortgages and banking, prepared in consultation with the Financial Consumer Agency of Canada (FCAC), a consumer watchdog organization that focuses on financial services..... More »
Making sense of the markets this week: October 26 Oct 23rd
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The pandemic holiday season is near
This will be our first “global pandemic holiday season.”
That phrase does not have a nice festive ring to it, I know. And it might not .... More »
President-elect Donald Trump has agreed to a $25 million US settlement to resolve three lawsuits over Trump University, his former school for real estate investors.
Business Highlights
– canadianbusiness.com
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Volkswagen to shed 30,000 jobs, cutting costs after scandal
FRANKFURT, Germany (AP) — Volkswagen announced plans Friday to cut 30,000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to cheat on diesel emissions tests.
The German company said the job cuts, which account to around 5 per cent of its global workforce, are part of a long-term plan to improve profitability and shift resources and investment to electric-powered vehicles and digital services.
At a news conference at Volkswagen’s headquarters in Wolfsburg, company officials said 23,000 of the job cuts will be in Germany and that the measures will save some 3.7 billion euros ($4 billion) a year from 2020. Volkswagen employs around 120,000 people at its namesake brand in Germany.
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The effects of India’s currency reform? ‘Chaos’ say analysts
NEW DELHI (AP) — The sudden withdrawal of 86 per cent of India’s currency has left cash in short supply, retail sales stumbling and wholesale markets in turmoil…
Volkswagen to shed 30,000 jobs, cutting costs after scandal
FRANKFURT, Germany (AP) — Volkswagen announced plans Friday to cut 30,000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to cheat on diesel emissions tests.
The German company said the job cuts, which account to around 5 per cent of its global workforce, are part of a long-term plan to improve profitability and shift resources and investment to electric-powered vehicles and digital services.
At a news conference at Volkswagen’s headquarters in Wolfsburg, company officials said 23,000 of the job cuts will be in Germany and that the measures will save some 3.7 billion euros ($4 billion) a year from 2020. Volkswagen employs around 120,000 people at its namesake brand in Germany.
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The effects of India’s currency reform? ‘Chaos’ say analysts
NEW DELHI (AP) — The sudden withdrawal of 86 per cent of India’s currency has left cash in short supply, retail sales stumbling and wholesale markets in turmoil…
The close: Oil lifts TSX, Wall Street dragged down by healthcare
– theglobeandmail.com
U.S. dollar’s two-week advance of more than 7 per cent is the biggest since 1999.
Consumer watchdog agency asks court to reconsider ruling
– canadianbusiness.com
WASHINGTON – The government’s consumer finance watchdog is asking a federal appeals court to reconsider its ruling that said the agency’s structure is unconstitutional.
The Consumer Financial Protection Bureau on Friday called the 2-1 ruling last month “dramatic and unprecedented.” It said the decision overrides Congress’ goal to create an independent agency that protects consumers from harmful banking and lending practices.
The law creating the agency after the 2008-09 financial crisis says its director can only be removed “for cause,” such as neglect of duty, and not over political differences. But the U.S. Court of Appeals for the District of Columbia Circuit said that conflicts with the Constitution, which allows the president to remove executives for any reason.
The banking industry and Republicans in Congress have fiercely opposed the agency.
The post Consumer watchdog agency asks court to reconsider ruling appeared first on Canadian Business – Your Source For Business News.
The Consumer Financial Protection Bureau on Friday called the 2-1 ruling last month “dramatic and unprecedented.” It said the decision overrides Congress’ goal to create an independent agency that protects consumers from harmful banking and lending practices.
The law creating the agency after the 2008-09 financial crisis says its director can only be removed “for cause,” such as neglect of duty, and not over political differences. But the U.S. Court of Appeals for the District of Columbia Circuit said that conflicts with the Constitution, which allows the president to remove executives for any reason.
The banking industry and Republicans in Congress have fiercely opposed the agency.
The post Consumer watchdog agency asks court to reconsider ruling appeared first on Canadian Business – Your Source For Business News.
The Latest: Lawyers say deal will let Trump focus on nation – WHIO
– news.google.ca
WHIOThe Latest: Lawyers say deal will let Trump focus on nationWHIOFILE- In this May 23, 2005 file photo, then real estate mogul and Reality TV star Donald Trump, left, listens as Michael Sexton introduces him at a news conference in New York where he announced the establishment of Trump University. A federal judge in …Statement By A.G. Schneiderman On $25 Million Settlement Agreement Reached In Trump University Case | www.ag …New York Attorney General – New York StateDonald set to pay $25M in Trump University fraud case settlementNew York Daily NewsTrump agrees to pay $25 million to settle Trump University lawsuitsReutersall 199 news articles »
