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Toronto Real Estate Board sues listings website Mongohouse for $2.1M Oct 5th
The Toronto Real Estate Board is suing property listings website Mongohouse for $2 million, alleging that the anonymously-run page is illegally accessing, copying and distributing proprietary data..... More »
The best GIC rates in Canada for 2025 May 25th
GIC comparison tool
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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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Apple reportedly renews talks with OpenAI about powering new iPhone features - ZDNet Apr 29th
Apple reportedly renews talks with OpenAI about powering new iPhone features ZDNetApple and OpenAI are reportedly in talks for iOS 18 integration MashableReport: iOS 18 to update many of the built-in apps, home screen updates, 'modular' design tweaks 9to5MacApple (NA.... More »
TD, RBC second-quarter profit bump helped by rising rates, macro environment May 24th
Two of Canada's biggest banks reported second-quarter earnings Thursday that benefited from bigger profit margins on the back of rising interest rates, though the bump could be less pronounced in coming quarters as pressure mounts for banks to raise the interest rates they pay on dep.... More »
Making sense of the markets this week: May 10, 2021 May 7th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Wealthsimple taps celebrities and nets a $5-billion valuation
In October of 2020, we reported on a previous round of financing for Wealthsimple. At that time, valuation estima.... More »
Canadian home sales cool in April; new listings spike
– theglobeandmail.com
The Canadian Real Estate Association says national home sales fell 1.7 per cent in April from record levels in March
Each week, the Maclean’s Ottawa bureau sits down with Cormac Mac Sweeney to discuss the headlines of the week. This week, the B.C. election could create some problems for the Trudeau government. While the outcome of the vote may not be clear for a couple of weeks, the province’s Green Party may hold the balance of power. Federal Green Party leader Elizabeth May joins the show to talk about the Green boost—and how it could derail pipeline plans for the Trudeau Liberals.
The Liberals are facing a political backlash after refusing to back a bill known as Wynn’s law, which would make it mandatory for for a person’s criminal record to be considered during a bail application. It’s named after an RCMP officer who was killed by a career criminal. Liberal MP Anthony Housefather explains why, after originally expressing support for the bill, he now opposes it.
The government’s new infrastructure bank has created some controversy as reports show the government involved a private investment firm in the planning and promotion of its new bank—a firm that will, in fact, directly benefit from the bank…
Eldorado Gold to buy Integra, gain Quebec gold project in takeover
– theglobeandmail.com
Eldorado Gold already owns about 13 per cent of Integra’s common stock
Is Home Capital a buy?
– moneysense.ca
The entry to the Home Capital Group’s headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada May 1, 2017. Picture taken using a wide angle lens. (Chris Helgren/Reuters)To say that Home Capital’s stock (HCG) has disappointed shareholders in recent weeks is an understatement. After a high profile tumble and partial rebound, it closed at $9.14 per share on Friday, May 12. That’s down 74% from its 52-week high of $35.67 per share.
The firm’s travails were detailed by Maclean’s writer Joe Castaldo in a recent piece called “The war for control of the Home Capital story.” In a nut shell, the firm ran into problems with the OSC, which cascaded into a run on its banking operations and a severe liquidity crisis.
While it now seems more likely than not that the firm will survive, such a positive outcome remains far from certain and even if it does come to pass, it will probably involve a large amount of pain.
Unfortunately, Home Capital managed to squeak into last year’s Top 200 All-Star Team…
At midday: Energy stocks lead TSX higher
– theglobeandmail.com
S&P 500, Nasdaq Composite hit record-highs
