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Did you manage to resist selling your stocks during the crash? Good. But now might be the time to do it Jun 23rd
The uncertainty over how the pandemic will play out and what the path to economic recovery will look like begs the question: What should you do with your investment portfolio now?.... More »
Greece bailout: Merkel ally urges rethink for MPs who voted against Greek talks - The Australian Financial Review + MORE Jul 18th
The Australian Financial ReviewGreece bailout: Merkel ally urges rethink for MPs who voted against Greek talksThe Australian Financial ReviewThe parliamentary leader of Angela Merkel's conservatives rejected criticism of Wolfgang Schaeuble's suggestion that Greece might be better off takin.... More »
Charles Sousa's economic update gives shape to Ontario pension plan: Mayers + MORE Nov 20th
Plan will aim to replace up to 15 per cent of income, with workers and employers each contributing 1.9% of annual earnings up to $90,000..... More »
Greece's future in balance as creditors reject aid extension + MORE Jun 27th
Greece's place in the euro currency bloc looked increasingly shaky on Saturday after eurozone nations rejected a month-long extension to its bailout program and the prime minister called for a risky popular vote on the country's financial future..... More »
Federal government offers $867M to help lumber sector weather softwood tariffs + MORE Jun 2nd
Natural Resources Minister Jim Carr is announcing $867 million in financial supports to help lumber producers and employees weather the impact of punishing new U.S. tariffs on Canadian softwood exports.
The package announced today includes loans and loan guarantees to help cushion the blow for fores.... More »
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Top 5 stories at 5
– macleans.ca
Isaac Brekken/AP PhotoCRA shuts down its website as fears over Heartbleed Bug mount. With just weeks to go before the tax deadline, the Canada Revenue Agency has shut down its online filing services over a security concern dubbed the “Heartbleed Bug.” The Heartbleed Bug is actually a newly recognized vulnerability in OpenSSL, a common software many sites use to help protect password data. It has the capability to affect systems worldwide and the CRA shutdown was a preventative measure, the agency said on its website Wednesday afternoon. The CRA’s vulnerability is expected to be fixed by the weekend. However the security vulnerability goes well beyond just the CRA, and it’s a good idea to change all passwords on important sites now. Also, keep an eye on your financial statements for the next couple days, just in case.
Coroner closes the Lac-Megantic file. After identifying the 40th victim of the horrific train derailment and explosion in Lac-Megantic, Que., the coroner has admitted that seven people cannot be identified…
Legal costs, fines weigh on JPMorgan CEO’s 2013 compensation; falls 37 per cent to $11.8M
– canadianbusiness.com
LOS ANGELES, Calif. – JPMorgan Chase & Co. Chairman and CEO Jamie Dimon’s total compensation fell 37 per cent last year to $11.8 million as the nation’s largest investment bank grappled with billions in legal costs and fines.
Dimon’s total compensation fell from $18.7 million in 2012, according to regulatory documents filed by the bank Wednesday.
JPMorgan’s committee on executive compensation noted in the filing that it adjusted all of the top company officers’ pay levels to account for the impact the fines and settlements had on the lender’s financial results.
Last year, JP Morgan was hit legal costs and fines stemming from the housing crisis and its $6 billion “London Whale” trading loss. The financial hurdles contributed to a 16 per cent decline in net income for the year.
Even so, the panel also praised Dimon for playing a key role in resolving the various legal issues that confronted the bank, noting that JPMorgan’s lines of business achieved “strong underlying results, notwithstanding legal and regulatory challenges…
Dimon’s total compensation fell from $18.7 million in 2012, according to regulatory documents filed by the bank Wednesday.
JPMorgan’s committee on executive compensation noted in the filing that it adjusted all of the top company officers’ pay levels to account for the impact the fines and settlements had on the lender’s financial results.
Last year, JP Morgan was hit legal costs and fines stemming from the housing crisis and its $6 billion “London Whale” trading loss. The financial hurdles contributed to a 16 per cent decline in net income for the year.
Even so, the panel also praised Dimon for playing a key role in resolving the various legal issues that confronted the bank, noting that JPMorgan’s lines of business achieved “strong underlying results, notwithstanding legal and regulatory challenges…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Strong energy sector in Calgary sets stage for action
– theglobeandmail.com
Surging stock prices are opening the gate for a wave of mergers and acquisitions in the oil patch
