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China explosions death toll rises to 104 - CBC.ca Aug 15th
CBC.caChina explosions death toll rises to 104CBC.caNew, small explosions rocked a disaster zone in the Chinese port of Tianjin on Saturday as teams scrambled to clear dangerous chemical contamination and found several more bodies to bring the death toll to 104 in massive blasts earlier in the week..... More »
How Tulip CEO Ali Asaria Retooled His Business Twice and Landed $100M Investment + MORE Feb 8th
The journey from idea to IPO is a difficult one. In this five-part series, we look at how founders scaled their startups and reached new milestones.
When Ali Asaria founded Tulip, he was missing one, seemingly critical, thing: a product.
The serial entrepreneur had worked at BlackBerry a.... More »
Simplii and Diljit Dosanjh team up on eve of Dil-Luminati tour Feb 24th
Simplii and Diljit Dosanjh, a world-renowned Punjabi singer and actor, are joining forces to underscore the Canadian alternative financial institution’s focus on newcomers.
Fresh off an appearance at Coachella, the Diljit Dosanjh Canada tour starts in Vancouver on April 27, 2024 at BC Pla.... More »
There’s never been a better time to invest your conscience + MORE Oct 2nd
Most investors have heard of sustainable investing, many even say it’s important to them, but few Canadians actively incorporate environmental, social and governance (ESG) factors when building their portfolios.
Sustainable investing has come a long way. It wasn’t all that long.... More »
Questrade trading fees: Good news for Canadian investors Feb 12th
With a TV ad aired during the 2025 Super Bowl on February 9, digital brokerage Questrade has announced it will offer commission-free stock and exchange-traded fund (ETF) trades henceforward. That brings to three the number of 0% commission investment brokers available to Canadians, along with Wealth.... More »
Most actively traded companies on the TSX, TSX Venture Exchange markets
– canadianbusiness.com
TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (15,482.57 up 51.19 points):
Colossus Minerals Inc. (TSX:CSI). Miner. Down 22.5 cents, or 52.33 per cent, at 20.5 cents on 24.70 million shares.
Niko Resources Ltd. (TSX:NKO). Oil and gas. Down $1.27, or 48.47 per cent, at $1.35 on 7.9 million shares. Second-quarter net loss totalled US$149 million, up from US$59 million.
Bombardier Inc. (TSX:BBD.B). Plane and train maker. Up 10 cents, or 2.20 per cent, at $4.64 on 5.53 million shares.
Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Down 13.5 cents, or 26.47 per cent, at 37.5 cents on 5.18 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Up 30 cents, or 1.56 per cent, at $19.51 on 4.65 million shares.
Toronto Venture Exchange (934.07 up 2.45 points):
VentriPoint Diagnostics Ltd. (TSXV:VPT). Medical equipment. Down 10.5 cents, or 70 per cent, at 4.5 cents on 6.81 million shares…
Toronto Stock Exchange (15,482.57 up 51.19 points):
Colossus Minerals Inc. (TSX:CSI). Miner. Down 22.5 cents, or 52.33 per cent, at 20.5 cents on 24.70 million shares.
Niko Resources Ltd. (TSX:NKO). Oil and gas. Down $1.27, or 48.47 per cent, at $1.35 on 7.9 million shares. Second-quarter net loss totalled US$149 million, up from US$59 million.
Bombardier Inc. (TSX:BBD.B). Plane and train maker. Up 10 cents, or 2.20 per cent, at $4.64 on 5.53 million shares.
Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Down 13.5 cents, or 26.47 per cent, at 37.5 cents on 5.18 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Up 30 cents, or 1.56 per cent, at $19.51 on 4.65 million shares.
Toronto Venture Exchange (934.07 up 2.45 points):
VentriPoint Diagnostics Ltd. (TSXV:VPT). Medical equipment. Down 10.5 cents, or 70 per cent, at 4.5 cents on 6.81 million shares…
Beware the sales pitch for actively managed mutual funds
– theglobeandmail.com
Wealth management specialists will tell you that these funds dominated this year, but one year is insignificant
Oil hovers around $94 a barrel as Fed stimulus balances supply concerns
– canadianbusiness.com
NEW YORK, N.Y. – The price of oil circled $94 for a second week as the promise of the continuation of the Federal Reserve’s economic stimulus was balanced by abundant U.S. supplies.
Benchmark West Texas Intermediate crude rose eight cents to close at US$93.84 a barrel on the New York Mercantile Exchange on Friday, a day after incoming Federal Reserve chief Janet Yell en indicated that economic stimulus will remain in place pending further improvement in the U.S. economy. The Fed’s low interest rate policy has supported investment in riskier assets such as oil and stocks.
Yellen’s remarks helped offset further signs of oversupply. Data from the Energy Department showed the U.S. produced more crude oil than it imported in October for the first time since 1995. It also showed crude oil supplies rising for an eighth straight week, by 2.6 million barrels.
Oil has traded between US$93 and US$96 a barrel over the past two weeks, and is down 77 cents since Nov. 1.
Brent crude, the international benchmark, gained 22 cents to US$108…
Benchmark West Texas Intermediate crude rose eight cents to close at US$93.84 a barrel on the New York Mercantile Exchange on Friday, a day after incoming Federal Reserve chief Janet Yell en indicated that economic stimulus will remain in place pending further improvement in the U.S. economy. The Fed’s low interest rate policy has supported investment in riskier assets such as oil and stocks.
Yellen’s remarks helped offset further signs of oversupply. Data from the Energy Department showed the U.S. produced more crude oil than it imported in October for the first time since 1995. It also showed crude oil supplies rising for an eighth straight week, by 2.6 million barrels.
Oil has traded between US$93 and US$96 a barrel over the past two weeks, and is down 77 cents since Nov. 1.
Brent crude, the international benchmark, gained 22 cents to US$108…
JPMorgan reaches $4.5-billion settlement with investors over mortgage-backed securities
– theglobeandmail.com
Deal is the latest in a series of legal settlements over JPMorgan’s sales of mortgage-backed securities in the years preceding the financial crisis
JPMorgan reaches $4.5 billion settlement with investors over mortgage-backed securities
– canadianbusiness.com
JPMorgan Chase & Co. has reached a $4.5 billion settlement with investors who said the bank deceived them about bad mortgage investments.
The settlement, announced Friday, covers 21 major institutional investors, including competitor Goldman Sachs, BlackRock Financial Management, and Metropolitan Life Insurance Co. The mortgage-backed securities were sold by JPMorgan — the biggest U.S. bank — and Bear Stearns between 2005 and 2008.
The deal is the latest in a series of legal settlements over JPMorgan’s sales of mortgage-backed securities in the years preceding the financial crisis. As the housing market collapsed between 2006 and 2008, millions of homeowners defaulted on high-risk mortgages. That led to billions of dollars in losses for investors who bought securities created from bundles of mortgages. Those securities were sold by JPMorgan and other big Wall Street banks.
New York-based JPMorgan has said that most of its mortgage-backed securities came from investment bank Bear Stearns and savings and loan Washington Mutual, troubled companies that JPMorgan acquired in 2008…
The settlement, announced Friday, covers 21 major institutional investors, including competitor Goldman Sachs, BlackRock Financial Management, and Metropolitan Life Insurance Co. The mortgage-backed securities were sold by JPMorgan — the biggest U.S. bank — and Bear Stearns between 2005 and 2008.
The deal is the latest in a series of legal settlements over JPMorgan’s sales of mortgage-backed securities in the years preceding the financial crisis. As the housing market collapsed between 2006 and 2008, millions of homeowners defaulted on high-risk mortgages. That led to billions of dollars in losses for investors who bought securities created from bundles of mortgages. Those securities were sold by JPMorgan and other big Wall Street banks.
New York-based JPMorgan has said that most of its mortgage-backed securities came from investment bank Bear Stearns and savings and loan Washington Mutual, troubled companies that JPMorgan acquired in 2008…
