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.
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Lawyer to investigate significant misconduct by B.C. real estate agents Apr 2nd
VANCOUVER – The Real Estate Council of B.C. has hired a lawyer to work with private investigators in cases of significant misconduct by agents.
The council already has five staff lawyers who investigate complaints by the public and real estate agents.
Spokeswoman Marilee Peters says the range .... More »
Dow drops 860 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worries - Yahoo Canada Finance Aug 5th
Dow drops 860 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worries Yahoo Canada FinanceLive updates: Global stock markets plunge CNNStocks markets around the world take a tuble as US reports weaker jobs report The HillWorld markets shak.... More »
The best RRSP investments 2021 + MORE Feb 24th
A registered retirement savings plan (RRSP) is an investment that is registered with the Canadian federal government. RRSPs are often described as being “tax-advantaged.” That means you don’t pay income tax on the amount you are contributing to an RRSP, in the year you earn that contribution. .... More »
The best RRSPs in Canada for 2025 Feb 21st
Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to build wealth for the future, usually for retirement. To maximize its potential, it helps to know the differ.... More »
The best student credit cards in Canada for 2023 Oct 12th
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The best student credit cards in Canada for 2023
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120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-10-17. Click on the link above to get more details or apply online.
China November data show economy on track for 2013 target
– theglobeandmail.com
Factory output, investment eased slightly last month, retail sales advanced
60 days – 1.55%
– ratesupermarket.ca
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.
US rule banning banks from trading for their own profit set to be approved by US regulators
– canadianbusiness.com
WASHINGTON – U.S. banks will be barred in most cases from trading for their own profit under a federal rule set to be approved Tuesday.
Five U.S. regulatory agencies are voting on the so-called Volcker Rule, a major step toward preventing extreme risk-taking on Wall Street that helped trigger the 2008 financial crisis.
Congress instructed regulators to draft the rule under the 2010 financial overhaul law.
The rule seeks to ban banks from proprietary trading. It’s a practice that has been lucrative for banks. In addition to banning trades for their own profit, the rule limits banks’ investments in hedge funds.
There is an exemption for proprietary trades when they are to facilitate buying and selling investment for customers.
The largest U.S. banks will be required to comply by July 2015.
The post US rule banning banks from trading for their own profit set to be approved by US regulators appeared first on Canadian Business.
Five U.S. regulatory agencies are voting on the so-called Volcker Rule, a major step toward preventing extreme risk-taking on Wall Street that helped trigger the 2008 financial crisis.
Congress instructed regulators to draft the rule under the 2010 financial overhaul law.
The rule seeks to ban banks from proprietary trading. It’s a practice that has been lucrative for banks. In addition to banning trades for their own profit, the rule limits banks’ investments in hedge funds.
There is an exemption for proprietary trades when they are to facilitate buying and selling investment for customers.
The largest U.S. banks will be required to comply by July 2015.
The post US rule banning banks from trading for their own profit set to be approved by US regulators appeared first on Canadian Business.
Talisman Energy sells stake in Colombia pipeline for US$595 million
– canadianbusiness.com
CALGARY – Talisman Energy Inc. says it has sold its stake in a Colombia pipeline for approximately US$595 million.
The Calgary-based oil and gas company says the 12 per cent interest in the Ocensa Pipeline, which was held by two affiliates, was sold to an investment group led by Advent International.
The sale was part of a continuing effort by Talisman to reduce its debt and unlock the company’s value.
In March, Talisman (TSX:TLM) set a target of getting rid of between $2 billion to $3 billion of its assets to strengthen its balance sheet.
The oil producer says it will transport its own crude through the line, with its affiliates retaining the rights to transport 63,000 barrels per day.
“Through this transaction, we have unlocked net value from our portfolio and retained our crude transportation rights,” said Hal Kvisle, president and CEO of Talisman Energy.
With the purchase, the group led by Advent now has a 22 per cent stake in Ocensa.
Talisman has been faced with increasing pressure since billionaire investor Carl Icahn revealed in October that he bought a six per cent interest in the company…
The Calgary-based oil and gas company says the 12 per cent interest in the Ocensa Pipeline, which was held by two affiliates, was sold to an investment group led by Advent International.
The sale was part of a continuing effort by Talisman to reduce its debt and unlock the company’s value.
In March, Talisman (TSX:TLM) set a target of getting rid of between $2 billion to $3 billion of its assets to strengthen its balance sheet.
The oil producer says it will transport its own crude through the line, with its affiliates retaining the rights to transport 63,000 barrels per day.
“Through this transaction, we have unlocked net value from our portfolio and retained our crude transportation rights,” said Hal Kvisle, president and CEO of Talisman Energy.
With the purchase, the group led by Advent now has a 22 per cent stake in Ocensa.
Talisman has been faced with increasing pressure since billionaire investor Carl Icahn revealed in October that he bought a six per cent interest in the company…
