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30 days - 1.50% + MORE Dec 6th
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online..... More »
Police in Australia identify the Sydney stabbing attacker who killed 6 people - The Globe and Mail Apr 14th
Police in Australia identify the Sydney stabbing attacker who killed 6 people The Globe and MailOfficer, bystanders hailed for confronting and stopping a man who killed 6 at a Sydney shopping mall CityNews TorontoDetails emerge about Bondi killer Joel Cauchi The Aust.... More »
Why did Silicon Valley Bank fail and is a financial crisis next? - Al Jazeera English + MORE Mar 14th
Why did Silicon Valley Bank fail and is a financial crisis next? Al Jazeera EnglishCanada, other governments hustle to stop Silicon Valley Bank crisis from spreading CBC NewsSilicon Valley Bank Paid Out Bonuses HOURS Before Collapsing & Lobbied For Years To Deregulate .... More »
You can be a renter and still grow richer. Here’s how Apr 12th
The price of buying a home is daunting these days, but there are plenty of other ways for renters to build wealth, writes Lesley-Anne Scorgie..... More »
Some funds offer to tame market’s chaos, but at a price + MORE Jan 21st
NEW YORK, N.Y. – Freaked out by the stock market’s big swings?
Then the investment industry has something it built just for you: funds that hope to offer a steadier ride. That sounds especially comforting after this year’s jarring start for markets, in which drops of more than 1 pe.... More »
World’s largest online crowdfunding platform now officially open to Canadians
– canadianbusiness.com
TORONTO – Canadian entrepreneurs seeking financial support got a boost Monday as the world’s largest online crowdfunding platform officially moved north of the border.
New York-based Kickstarter launched in Canada amidst a four-day visit to Toronto by co-founder Yancey Strickler.
Strickler says the company had long wanted to move into Canada but was kept away due to financial regulations.
Kickstarter’s crowdfunding model, in which investors pledge cash toward a project or business in exchange for products and perks, only grants money to entrepreneurs if the entire funding goal is met.
If the target is not met by a set date, the money goes back to those who pledged.
Strickler said regulatory “red tape” slowed Kickstarter’s expansion into Canada.
“It’s not specific to Canada. We have a very unique model. People are only charged if funding goals are met,” he said.
“As we expand into other countries, there’s just a lot of work that has to go into place…
New York-based Kickstarter launched in Canada amidst a four-day visit to Toronto by co-founder Yancey Strickler.
Strickler says the company had long wanted to move into Canada but was kept away due to financial regulations.
Kickstarter’s crowdfunding model, in which investors pledge cash toward a project or business in exchange for products and perks, only grants money to entrepreneurs if the entire funding goal is met.
If the target is not met by a set date, the money goes back to those who pledged.
Strickler said regulatory “red tape” slowed Kickstarter’s expansion into Canada.
“It’s not specific to Canada. We have a very unique model. People are only charged if funding goals are met,” he said.
“As we expand into other countries, there’s just a lot of work that has to go into place…
How the Fat Years Were Born
– online.wsj.com
The 25 years after Reagan’s tax cuts saw unprecedented wealth creation and progress. America’s net worth exploded by $40 trillion. Stephen Moore reviews Lawrence B. Lindsey’s “The Growth Experiment Revisited.”
Richardson GMP buys Macquarie’s Canadian wealth management unit
– theglobeandmail.com
Deal worth $132-million reflects bulking up by independent brokerages to compete with the big banks
FDIC selling $2.4B in Citigroup bonds issued during crisis; ends government holding in bank
– canadianbusiness.com
WASHINGTON – The U.S. government is selling $2.4 billion in bonds issued by Citigroup Inc. during the financial crisis in exchange for federal guarantees against the bank’s possible losses.
The sale by the Federal Deposit Insurance Corp. ends the government’s holdings in the third-largest U.S. bank. Citigroup said in a regulatory filing Monday that it won’t receive any proceeds from the sale.
The FDIC received the bonds in November 2008 for guaranteeing hundreds of billions in potential losses on loans made by Citigroup. Citigroup was the only bank in which the FDIC took a stake during the crisis.
New York-based Citigroup was one of the hardest-hit banks during the crisis. It received a $45 billion bailout from the Treasury Department, one of the largest of the rescue program. Citigroup repaid the bailout.
The post FDIC selling $2.4B in Citigroup bonds issued during crisis; ends government holding in bank appeared first on Canadian Business.
The sale by the Federal Deposit Insurance Corp. ends the government’s holdings in the third-largest U.S. bank. Citigroup said in a regulatory filing Monday that it won’t receive any proceeds from the sale.
The FDIC received the bonds in November 2008 for guaranteeing hundreds of billions in potential losses on loans made by Citigroup. Citigroup was the only bank in which the FDIC took a stake during the crisis.
New York-based Citigroup was one of the hardest-hit banks during the crisis. It received a $45 billion bailout from the Treasury Department, one of the largest of the rescue program. Citigroup repaid the bailout.
The post FDIC selling $2.4B in Citigroup bonds issued during crisis; ends government holding in bank appeared first on Canadian Business.
TORONTO – Canadian entrepreneurs seeking financial support got a boost Monday as the world’s…
