How to go about securing the best return for your investment in Canada.
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News for investors: Barrick settles Mali dispute and Couche-Tard profit climbs Nov 26th
Here’s a round-up of news for Canadian investors this week.
Barrick Mining
Alimentation Couche-Tard
Blue Ant Media
Brookfield
Featured RRSP Accounts
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EQ Bank
Build y.... More »
How to use FHSA and RRSP withdrawals for a home down payment in Canada + MORE Feb 11th
Ask MoneySense
My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 from our RRSPs through the Home Buyers’ Plan, even though we would only need $120,000 for the down payment? We would use the additional $80,.... More »
Ex-Canopy boss Bruce Linton buys more shares in 'August sale' - Article - BNN - BNNBloomberg.ca Aug 15th
Ex-Canopy boss Bruce Linton buys more shares in 'August sale' - Article - BNN BNNBloomberg.caCanopy Growth shares tumble after first quarter earnings miss, $1.28-billion loss The Globe and MailBagnall: Behind Canopy Growth's massive Q1 loss, some good news Ottawa Cit.... More »
Canada’s mortgage market might be a cesspool, the federal government just warned + MORE Apr 6th
This post originally appeared at Better Dwelling. Stephen Punwasi is co-founder and chief data nerd at Better Dwelling.
Bank executives are all of a sudden very vocal about foreign buyers. Strange timing, since a branch of the Government of Canada quietly dropped a report expressing concerns regardi.... More »
Aecon extends deadline to complete CCCI deal as federal review continues + MORE Mar 29th
The deadline for Aecon Group Inc. to complete its sale to a Chinese state-owned business has been extended to July 13 as Ottawa continues its national security review of the $1.5-billion deal.
The Calgary-based construction company and acquirer CCCC International Holding Ltd. (CCCI) had faced a self.... More »
Former oil tycoon Khodorkovsky says he won’t get involved in politics or seek asset returns
– canadianbusiness.com
MOSCOW – Mikhail Khodorkovsky, the onetime Russian oil tycoon who was imprisoned for a decade in a politically tinged case, says he doesn’t intend to get involved in politics now that he’s been pardoned and released.
President Vladimir Putin pardoned Khodorkovsky on Friday, and hours later he flew on a private jet to Berlin.
Khodorkovsky had been imprisoned for tax evasion and money-laundering. The cases were widely criticized as political revenge, for Khodorkovsky had challenged Putin’s dominance by funding opposition parties. He was also believed to have personal political ambitions.
In an interview published Sunday on the website of the Russian newspaper Novoye Vremya, Khodorkovsky is quoted as saying in his pardon application he said he did not intend to get involved in politics or seek the return of the assets of his dismantled Yukos oil company.
However, Khodorkovsky was quoted as telling reporters in Berlin on Sunday that he does intend to continue appealing his convictions…
President Vladimir Putin pardoned Khodorkovsky on Friday, and hours later he flew on a private jet to Berlin.
Khodorkovsky had been imprisoned for tax evasion and money-laundering. The cases were widely criticized as political revenge, for Khodorkovsky had challenged Putin’s dominance by funding opposition parties. He was also believed to have personal political ambitions.
In an interview published Sunday on the website of the Russian newspaper Novoye Vremya, Khodorkovsky is quoted as saying in his pardon application he said he did not intend to get involved in politics or seek the return of the assets of his dismantled Yukos oil company.
However, Khodorkovsky was quoted as telling reporters in Berlin on Sunday that he does intend to continue appealing his convictions…
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.
30 days – 1.50%
– 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.
5.5 year – 2.35%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-11-09. Click on the link above to get more details or apply online.
Traders set for quiet Christmas trading amid latest economic growth data
– canadianbusiness.com
TORONTO – Stock markets are set to go into the year’s second-last week of trading on an up note. And if past years are any indication it will be a quiet week for investors with the TSX closed both Christmas Day and Boxing Day while New York is shuttered just for Dec. 25.
“(There will be ) very low volume because a lot of people are obviously away; you have holidays so it’s typically a very slow period,” said Bob Gorman, chief portfolio strategist at TD Waterhouse.
“What that can mean is, in the unlikely event you have significant news, the thin volume can exacerbate that movements to the up and down side but typically you don’t have much news either.”
Traders have two significant tailwinds after the Federal Reserve last week ended months of speculation by announcing it will start to cut back on asset purchases by US$10 billion to US$75 billion a month.
The U.S. central bank also went out of its way to reassure markets, saying short-term rates aren’t going up from near zero any time soon…
“(There will be ) very low volume because a lot of people are obviously away; you have holidays so it’s typically a very slow period,” said Bob Gorman, chief portfolio strategist at TD Waterhouse.
“What that can mean is, in the unlikely event you have significant news, the thin volume can exacerbate that movements to the up and down side but typically you don’t have much news either.”
Traders have two significant tailwinds after the Federal Reserve last week ended months of speculation by announcing it will start to cut back on asset purchases by US$10 billion to US$75 billion a month.
The U.S. central bank also went out of its way to reassure markets, saying short-term rates aren’t going up from near zero any time soon…
