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
Toronto to explore municipal sales tax as part of plan to tackle 'unprecedented financial crisis' - CBC.ca Aug 17th
Toronto to explore municipal sales tax as part of plan to tackle 'unprecedented financial crisis' CBC.caChow to endorse new revenue tools as Toronto sends signal to Ottawa and Queen’s Park Toronto StarOlivia Chow to endorse new revenue tools as Toronto sends signal to Ottawa .... More »
Downtown Ottawa: Ottawa Bylaw issues 513 tickets, tows 121 vehicles over Canada Day weekend | CTV News - CTV News Ottawa Jul 3rd
Downtown Ottawa: Ottawa Bylaw issues 513 tickets, tows 121 vehicles over Canada Day weekend | CTV News CTV News OttawaCanada Day celebrations and protests as nation's capital turns red, white Global NewsFive stories to watch in Ottawa this week | CTV News CTV News Ot.... More »
Morneau to weigh in on OSFI's ‘bank’ branding crackdown + MORE Jul 25th
Canadian banking regulator announced plan to levy penalties against non-bank financial institutions using terms such ‘banking’ and ‘banker’ last month, drawing credit-union trade group’s ire
.... More »
Couch Potato works with employer retirement plans + MORE Jan 26th
As the old adage goes, investing is simple, but not easy. It’s simple because all you need to do is save, diversify, keep your costs low and stick to a plan. But it’s not easy because we’re human, and we’re not hardwired to do any of those things. If you’re fortunate enough to have a retir.... More »
CIBC dives back into tech sector with Wellington Financial acquisition + MORE Jan 8th
Deal allows CIBC to bulk up and launch new business line, servicing growing tech companies
.... More »
Tories drop criminal-employer ban in foreign-worker rules, baffle stakeholders
– canadianbusiness.com
OTTAWA – Labour and business stakeholders say they’re baffled by the Conservative government’s recent removal of provisions from its Temporary Foreign Worker Program that would have barred criminal employers from participating.
In a notice on New Year’s Day, the government said its original proposals aimed at employers convicted of human trafficking, sexually assaulting an employee or causing the death of a worker were “too rigid and cumbersome.”
And so it removed them from its crackdown on abusers of the program.
“Instead, the amendments introduce other measures that achieve the objective of ensuring a safe workplace for TFWs (temporary foreign workers) and that allow for a more timely ability to deal with abuse,” the government said.
“Accordingly, the amendments include a condition on employers to make reasonable efforts to provide a workplace free of abuse, including physical, sexual, psychological, and financial abuse.”
The changes, meantime, have left stakeholders scratching their heads…
In a notice on New Year’s Day, the government said its original proposals aimed at employers convicted of human trafficking, sexually assaulting an employee or causing the death of a worker were “too rigid and cumbersome.”
And so it removed them from its crackdown on abusers of the program.
“Instead, the amendments introduce other measures that achieve the objective of ensuring a safe workplace for TFWs (temporary foreign workers) and that allow for a more timely ability to deal with abuse,” the government said.
“Accordingly, the amendments include a condition on employers to make reasonable efforts to provide a workplace free of abuse, including physical, sexual, psychological, and financial abuse.”
The changes, meantime, have left stakeholders scratching their heads…
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.
Liberty Media seeks to devour all of Sirius XM in deal valuing satellite radio service at $23B
– canadianbusiness.com
ENGLEWOOD, Colo. – Liberty Media is trying to devour all of Sirius XM in a deal that would value the satellite radio service at nearly $23 billion.
The complex proposal announced Friday would enable Liberty Media Corp. to seize full ownership of Sirius XM Holdings Inc. after it acquired a controlling interest in the company last year.
Liberty Media, an Englewood, Colo., company controlled by billionaire John Malone, owns about 53 per cent of Sirius XM’s stock, according to a letter filed Friday with the Securities and Exchange Commission.
Under the proposal, each Sirius share would be exchanged for 0.076 shares of Liberty Media’s Series C Common stock if the bid is accepted.
Sirius XM stockholders would end up with a 39 per cent stake in Liberty Media, whose portfolio already includes ownership of the Atlanta Braves baseball team, and stakes in cable TV and Internet service provider Charter Communications Inc., concert promoter Live Nation Entertainment Inc. and book retailer Barnes & Noble Inc…
The complex proposal announced Friday would enable Liberty Media Corp. to seize full ownership of Sirius XM Holdings Inc. after it acquired a controlling interest in the company last year.
Liberty Media, an Englewood, Colo., company controlled by billionaire John Malone, owns about 53 per cent of Sirius XM’s stock, according to a letter filed Friday with the Securities and Exchange Commission.
Under the proposal, each Sirius share would be exchanged for 0.076 shares of Liberty Media’s Series C Common stock if the bid is accepted.
Sirius XM stockholders would end up with a 39 per cent stake in Liberty Media, whose portfolio already includes ownership of the Atlanta Braves baseball team, and stakes in cable TV and Internet service provider Charter Communications Inc., concert promoter Live Nation Entertainment Inc. and book retailer Barnes & Noble Inc…
How to recover from a debt hangover
– moneysense.ca
Ah, the first week of January—time to toss the tree, put away the decorations and focus on those new year’s resolutions. That is until the bills flow in and drag you back to reality by reminding you of that frenzied last-minute trip to the mall and all those holiday drinks.It’s kind of like the morning after an eggnog-fueled Christmas party—except you can’t get rid of it with painkillers and coffee! If you’re starting off 2014 with a new year’s debt hangover, you’re not alone. Canadians are piling on the debt heavier and faster than they ever have before according to a report just released by Transunion. The report shows that the average consumer debt load is expected to rise by $1,000 to $28,853 by the end of 2014.
If you’re starting off 2014 with a big debt headache then you’re in need of some financial TLC and a plan for getting rid of it. Here are a few things you can do to get you started:
1. Face the music
Hiding your bills until February is a bad idea. Open them up, put them on your desk and tally up exactly how much you owe…
Building savings is second priority
