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.
Latest News
Asian stocks higher as investors await central banks Mar 14th
HONG KONG – Asian stock markets rose Monday, extending a global rally after Wall Street finished last week strongly, as investors turned their attention to several key upcoming central bank meetings.
KEEPING SCORE: Japan’s benchmark Nikkei 225 index rose 2.1 per cent to 17,291.15 while S.... More »
Bought bitcoin in 2017? Here's how cryptocurrency is taxed in Canada Apr 21st
So, you read all the headlines in 2017 about the millions of dollars to be made in cryptocurrencies, and you took the investment plunge. Don't even think about hiding that digital stash from the Canada Revenue Agency, experts warn..... More »
Shanghai Vice Mayor Ai Baojun under formal party investigation amid anti-corruption campaign + MORE Nov 10th
BEIJING, China – China’s ruling Communist Party says a vice mayor of the financial hub of Shanghai is under investigation amid an ongoing drive against corruption at all levels of government.
The party’s Central Commission for Discipline Inspection said on its website Tuesday that .... More »
Is China’s economy slowing down? Jun 17th
Shanghai, China, 2010.
China has been an economic powerhouse for decades and a massive driver of growth and sources of investment around the world. However, as one of the world’s largest economies, it appears to be slowing as it matures.
There are a variety of signs and potential reasons. Trade te.... More »
Callidus Capital denies it is subject to whistle-blower complaints + MORE Aug 10th
Callidus Capital Corp. and its parent, Catalyst Capital Group, are reported to have inflated the value of assets and deceived borrowers on the terms of loans
.... More »
First Chinese “bad bank” goes public in hot IPO as investors bet on slowdown in No. 2 economy
– canadianbusiness.com
HONG KONG – A Chinese bad-debt management company’s shares soared in their Hong Kong debut Thursday, highlighting strong investor appetite for a business that will flourish if the world’s No. 2 economy stumbles.
China Cinda Asset Management’s shares jumped 27 per cent to 4.56 Hong Kong dollars ($0.59) after trading started.
The state-owned company is China’s first ever distressed asset management company to go public.
It’s a so-called “bad bank,” one of four big entities originally tasked with moving nonperforming loans off the books of China’s state-owned banks.
Cinda raised HK$18.5 billion ($2.4 billion) from its stock offering, making it the biggest initial public offering in Hong Kong this year.
There was exceptionally high interest from local retail investors, whose demand for the shares was 160 times the number available, and big institutional investors, whose portion of the global offering was “significantly oversubscribed,” according to a filing with Hong Kong’s stock exchange this week…
China Cinda Asset Management’s shares jumped 27 per cent to 4.56 Hong Kong dollars ($0.59) after trading started.
The state-owned company is China’s first ever distressed asset management company to go public.
It’s a so-called “bad bank,” one of four big entities originally tasked with moving nonperforming loans off the books of China’s state-owned banks.
Cinda raised HK$18.5 billion ($2.4 billion) from its stock offering, making it the biggest initial public offering in Hong Kong this year.
There was exceptionally high interest from local retail investors, whose demand for the shares was 160 times the number available, and big institutional investors, whose portion of the global offering was “significantly oversubscribed,” according to a filing with Hong Kong’s stock exchange this week…
Facebook, shares of which have risen 86 per cent this year, will join the Standard & Poor’s 500 stock index.
TD Bank Takes Top Spot for Total Assets
– blogs.wsj.com
Royal Bank of Canada is no longer Canada’s largest bank by total assets. Rival Toronto-Dominion Bank has claimed that spot.
Audit finds Google executives improperly saved millions on jet fuel
– canadianbusiness.com
SAN FRANCISCO – An aircraft fleet owned by Google’s founders and former CEO received improper discounts on jet fuel that saved the three billionaires up to $5.3 million dating back to depths of the Great Recession in 2009, according to a government report released Wednesday.
The findings by NASA’s inspector general surfaced during a review of a government airfield lease for seven planes and two helicopters controlled by Google’s founders, Larry Page and Sergey Brin, and the Internet search company’s former CEO, Eric Schmidt.
The aircraft are managed through a company called H211 set up by the three men through the tremendous wealth that they have accumulated as Google Inc.’s stock price has soared from $85 in 2004 to nearly $1,100. Page, who is Google’s current CEO, and Brin, who heads the company’s special projects division, are each worth about $25 billion, according to Forbes magazine. Schmidt, who became executive chairman after stepping down as CEO in 2011, is worth about $8 billion…
The findings by NASA’s inspector general surfaced during a review of a government airfield lease for seven planes and two helicopters controlled by Google’s founders, Larry Page and Sergey Brin, and the Internet search company’s former CEO, Eric Schmidt.
The aircraft are managed through a company called H211 set up by the three men through the tremendous wealth that they have accumulated as Google Inc.’s stock price has soared from $85 in 2004 to nearly $1,100. Page, who is Google’s current CEO, and Brin, who heads the company’s special projects division, are each worth about $25 billion, according to Forbes magazine. Schmidt, who became executive chairman after stepping down as CEO in 2011, is worth about $8 billion…
CEO John Livingston stepping down from top jobs at Absolute Software
– canadianbusiness.com
VANCOUVER – Absolute Software Corp. (TSX:ABT) says John Livingston has tendered his resignation as chief executive as well as a member of the software security company’s board.
“It has been a privilege to lead Absolute from a small Vancouver operation to the global enterprise software company that it has become today,” Livingston said in a company release announcing the change.
“As we enter our 20th year and Absolute moves to the next phase of growth, the time is right for a new perspective and new leadership.”
Absolute says chief financial officer Errol Olsen has been appointed interim CEO while the board conducts a search for a new chief executive.
“We are tremendously thankful for John’s contributions over the past 20 years that have seen Absolute evolve into a global leader in endpoint security and management,” said Daniel Ryan, a director since 2011 who replaces Livingston as chairman of the board.
The post CEO John Livingston stepping down from top jobs at Absolute Software appeared first on Canadian Business.
“It has been a privilege to lead Absolute from a small Vancouver operation to the global enterprise software company that it has become today,” Livingston said in a company release announcing the change.
“As we enter our 20th year and Absolute moves to the next phase of growth, the time is right for a new perspective and new leadership.”
Absolute says chief financial officer Errol Olsen has been appointed interim CEO while the board conducts a search for a new chief executive.
“We are tremendously thankful for John’s contributions over the past 20 years that have seen Absolute evolve into a global leader in endpoint security and management,” said Daniel Ryan, a director since 2011 who replaces Livingston as chairman of the board.
The post CEO John Livingston stepping down from top jobs at Absolute Software appeared first on Canadian Business.
