How to go about securing the best return for your investment in Canada.
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What is financial freedom in Canada? + MORE Oct 23rd
Canadians aren’t short on advice for achieving financial freedom. A quick online search for “how to become financially free” will give you results that can be either informative or confusing. To be fair, some of it is correct, some is misleading, and some is downright wrong. Sources range from.... More »
Darryl White officially takes reins at Bank of Montreal as chief executive + MORE Nov 1st
TORONTO _ Darryl White officially started his new job as chief executive at the Bank of Montreal today.
White takes over from Bill Downe, who retired after more than a decade in the top job.
BMO (TSX:BMO) named White, who had been the bank’s chief operating officer, as Downe’s successor .... More »
House rich, cash poor: When a reverse mortgage might make sense Jul 15th
Reverse mortgages were at one time considered the Wild West of financial products, associated with aggressive and even predatory sales tactics targeting seniors in the United States. Fairly or not, that reputation has instilled some wariness in Canada, where regulations have long been more stringen.... More »
Graduate survey shows stark differences in salaries + MORE Jul 2nd
Thanks to Statistics Canada’s National Graduate Survey 2010, we already knew that the vast majority of university graduates were employed and earning decent incomes three years after graduating.
Considering that, it’s not surprising that a new survey of 21,000 bachelor’s graduates .... More »
Top Links: Your home is not a good long-term investment + MORE Dec 10th
A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading this morning on the Web.
.... More »
U.S. investment bank JPMorgan Chase agrees to pay $1.7 billion US to settle federal claims for the bank’s role in Bernie Madoff’s $65-billion Ponzi scheme.
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.
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.
Desmarais estate and trust sell 15.5 million Power Corp. subordinate shares
– canadianbusiness.com
MONTREAL – The estate of Paul G. Desmarais and the Desmarais Family Residuary Trust reduced their stakes in Power Corp. of Canada on Tuesday, selling nearly 15.5 million shares in an estate planning move.
The liquidators and trustees of the estate and the family trust said they sold 15,461,750 subordinate voting shares of Power Corp. of Canada (TSX:POW) and 87,318 shares of Great-West Lifeco Inc. (TSX:GWO).
Based on the companies’ share prices Tuesday, the sale would have totalled about $480 million.
The estate and trust still hold or control, directly and through wholly-owned holding corporations, 48,603,392 participating preferred shares and 48,363,392 subordinate voting shares of Power Corp., representing 99.49 per cent and 11.76 per cent respectively, of each share class.
Paul Desmarais Sr., who built Power Corp. into the multibillion-dollar empire it is today, died last year at the age of 86.
Power Corp. holds a controlling stake in Power Financial (TSX:PWF), parent company to Great-West Lifeco…
The liquidators and trustees of the estate and the family trust said they sold 15,461,750 subordinate voting shares of Power Corp. of Canada (TSX:POW) and 87,318 shares of Great-West Lifeco Inc. (TSX:GWO).
Based on the companies’ share prices Tuesday, the sale would have totalled about $480 million.
The estate and trust still hold or control, directly and through wholly-owned holding corporations, 48,603,392 participating preferred shares and 48,363,392 subordinate voting shares of Power Corp., representing 99.49 per cent and 11.76 per cent respectively, of each share class.
Paul Desmarais Sr., who built Power Corp. into the multibillion-dollar empire it is today, died last year at the age of 86.
Power Corp. holds a controlling stake in Power Financial (TSX:PWF), parent company to Great-West Lifeco…
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.
