How to go about securing the best return for your investment in Canada.
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Helping your kids buy a home? Why a cash gift may be safer than co-signing Sep 6th
It’s not uncommon for parents to want to help their adult children enter the housing market. For some, that help comes in the form of co-signing for their child’s mortgage, but experts warn that means taking on financial risks they might not understand and could impact their own debt and.... More »
Compare the Best GIC Rates in Canada Jan 27th
How to use this tool: You can simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of Non-Registered, Registered, TFSA-eligible or U.S.-dollar GICs.
Or, follow the prompts in t.... More »
Unique ideas for your last will and testament Dec 1st
When you write a will, it is your opportunity to ensure your final financial and other wishes are carried out by your executors. given how many people have no will at all, I am happy to see technology is making it easier to prepare and sign a will without having to leave home. But there are circumst.... More »
Are you really ready to retire? Why many Canadians are struggling with retirement planning Mar 24th
Despite best intentions, many Canadians are not financially prepared for retirement. This reality is driven by a combination of factors: rising costs of living, growing debt levels, insufficient personal savings, and a lack of proper planning. Unexpected life events such as health challenges, job lo.... More »
Westin hotels in Ottawa, Calgary and Edmonton put up for sale + MORE Jan 31st
The trio of Westin Hotels is considered a ‘rare portfolio of assets’ and is expected to fetch between $475-million and $525-million.
.... More »
Manulife: Banking unit was penalized by Fintrac
– moneysense.ca
TORONTO — Manulife Financial Corp. confirmed Monday its banking unit was penalized last year after Canada’s money-laundering watchdog concluded it failed to report a suspicious transaction and various money transfers.
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s identity, saying it was exercising its discretion to do so.
Manulife Financial issued a statement Monday saying Manulife Bank was fined for “administrative lapses.”
“Although we operate at the highest ethical standard, we are capable of administrative errors. They were remedied in the first half of 2014,” the company said.
“There is no evidence to suggest that the administrative reporting violations were connected to any financial misconduct.”
The statement came after the CBC, citing anonymous sources, identified Manulife Bank as the financial institution fined by Fintrac last year.
Experts speculated Fintrac’s decision to not name Manulife Bank could have come from an agreement whereby Manulife agreed not to pursue an appeal and pay the $1,154,670 fine in exchange for anonymity…
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s identity, saying it was exercising its discretion to do so.
Manulife Financial issued a statement Monday saying Manulife Bank was fined for “administrative lapses.”
“Although we operate at the highest ethical standard, we are capable of administrative errors. They were remedied in the first half of 2014,” the company said.
“There is no evidence to suggest that the administrative reporting violations were connected to any financial misconduct.”
The statement came after the CBC, citing anonymous sources, identified Manulife Bank as the financial institution fined by Fintrac last year.
Experts speculated Fintrac’s decision to not name Manulife Bank could have come from an agreement whereby Manulife agreed not to pursue an appeal and pay the $1,154,670 fine in exchange for anonymity…
Manulife says its banking unit was penalized by Fintrac for ‘administrative lapses’
– canadianbusiness.com
Manulife Financial Corp. confirmed Monday its banking unit was penalized last year after Canada’s money-laundering watchdog concluded it failed to report a suspicious transaction and various money transfers.
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s identity, saying it was exercising its discretion to do so.
Manulife Financial issued a statement Monday saying Manulife Bank was fined for “administrative lapses.”
“Although we operate at the highest ethical standard, we are capable of administrative errors. They were remedied in the first half of 2014,” the company said.
“There is no evidence to suggest that the administrative reporting violations were connected to any financial misconduct.”
The statement came after the CBC, citing anonymous sources, identified Manulife Bank as the financial institution fined by Fintrac last year.
Experts speculated Fintrac’s decision to not name Manulife Bank could have come from an agreement whereby Manulife agreed not to pursue an appeal and pay the $1,154,670 fine in exchange for anonymity…
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s identity, saying it was exercising its discretion to do so.
Manulife Financial issued a statement Monday saying Manulife Bank was fined for “administrative lapses.”
“Although we operate at the highest ethical standard, we are capable of administrative errors. They were remedied in the first half of 2014,” the company said.
“There is no evidence to suggest that the administrative reporting violations were connected to any financial misconduct.”
The statement came after the CBC, citing anonymous sources, identified Manulife Bank as the financial institution fined by Fintrac last year.
Experts speculated Fintrac’s decision to not name Manulife Bank could have come from an agreement whereby Manulife agreed not to pursue an appeal and pay the $1,154,670 fine in exchange for anonymity…
The head of Canada’s financial crime watchdog agency is second-guessing his decision last year to withhold the name of a bank — which CBC News has identified as Manulife Bank — fined $1.15 million for not reporting hundreds of transactions it was obligated to report under the federal anti-money laundering and terrorist financing act.
Oscar envelope flub could hurt PwC's brand reputation for accuracy – The Globe and Mail
– news.google.ca
NewsweekOscar envelope flub could hurt PwC's brand reputation for accuracyThe Globe and MailWhen billions of dollars worth of financial auditing and legal-advisory services flow through your offices each year, it's important to reassure clients that your firm is diligent, detail-oriented and cautious. So when a representative from …PwC's hard-won reputation under threat after Oscars mistakeCTV NewsChaos at the Oscars: 'This is not a joke'Waterloo RecordThe Award For Grace Goes To 'La La Land' Producer Jordan HorowitzHuffington Post CanadaToronto Sun -Toronto Star -Los Angeles Times -Hamilton Spectatorall 2,309 news articles »
Guy Caron enters NDP leadership race
– macleans.ca
NDP MP Guy Caron stands with his son Dominic, 8, daughter Edith, 5, and wife Valerie Stansfield as he announces that he will run for the leadership of the New Democratic Party, on Monday, Feb. 27, 2017 in Gatineau, Que. THE CANADIAN PRESS/Justin TangGATINEAU, Que. – The ho-hum New Democrat leadership race got a little more competitive Monday as Quebec MP Guy Caron became the third candidate to officially declare that he wants to be the one to succeed Tom Mulcair.
The competition, which got off to a slow start in part because of an extended goodbye from Mulcair, has been slowly gaining momentum in recent weeks, with B.C. MP Peter Julian and northern Ontario MP Charlie Angus entering the fray.
Caron, a former economist who hopes to position himself as a would-be leader with financial acumen, announced his plans alongside his wife and two children at a news conference at a log cabin in Gatineau, Que.
Caron said the location holds a special place in his heart: it’s where late New Democrat leader Jack Layton held a campaign event in 2011 – the same year Caron became one of 59 MPs from Quebec elected as part of the NDP’s so-called “Orange Wave…
