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Can I withdraw from RRSPs to pay bills? + MORE Apr 13th
What are the cons to withdrawing RRSP savings of $25,000 to pay off some unexpected bills I have incurred?—Anonymous
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing .... More »
Making sense of the markets this week: May 14, 2023 May 12th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
U.S. Inflation continues to move in the right direction
Despite the strong April jobs report in the United States, overall inflatio.... More »
Netflix launches campaign to set record straight about $500M Canadian investment + MORE Oct 10th
Netflix Inc. offers more details about the streaming company's plans to spend $500 million on making Canadian content, as it defends its tax status in Canada..... More »
Improbable Leverages Improved Financial Profile to Drive Innovation in AI, the Metaverse, and Web3 Through Venture Building - Financial Post Jan 22nd
Improbable Leverages Improved Financial Profile to Drive Innovation in AI, the Metaverse, and Web3 Through Venture Building Financial Post.... More »
Why tax season is turning into a debt trap for Canadians (and how to avoid it) + MORE Apr 2nd
If you typically carry a credit card balance, you’re in good company. The recent Study of the Canadian Consumer (Winter 2026) by Vividata shows that more than 1 in 3 Canadians (36%) usually have a credit card balance from month to month. What’s striking, however, is the study’s finding that 49.... More »
Valeant boosts $53.8 billion Allergan bid as Ackman opts for stock – Reuters Canada
– news.google.ca
TODAYonlineValeant boosts $53.8 billion Allergan bid as Ackman opts for stockReuters CanadaBy Rod Nickel, Ransdell Pierson and Caroline Humer. (Reuters) – Valeant Pharmaceuticals International Inc said on Friday it would boost its takeover bid for Botox-maker Allergan Inc for the second time this week, contingent on the two sides negotiating.Valeant boosts cash offer for Botox maker AllerganHamilton SpectatorValeant boosts Allergan bid to get 'this deal done'The Globe and MailValeant hikes cash portion of Allergan bid, putting pressure on board to start talksThe ProvinceLos Angeles Times -OCRegisterall 136 news articles »
Business Highlights
– canadianbusiness.com
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Zuckerberg, wife gift $120M to California schools
MENLO PARK, Calif. (AP) — Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, are donating $120 million public schools in the San Francisco Bay Area.
The gift, which the couple discussed Tuesday in an exclusive interview with The Associated Press, will be spread over the next five years. It is the biggest allocation to date of the $1.1 billion in Facebook stock the couple pledged last year to the non-profit Silicon Valley Community Foundation.
The first $5 million of the $120 million will go to the San Francisco, Ravenswood and Redwood City school districts and will focus on principal training, classroom technology and helping students transition from the 8th to the 9th grade. The couple and their foundation, called Startup: Education, determined the issues of most urgent need based on discussions with school administrators and local leaders.
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How Google got states to legalize driverless cars
MOUNTAIN VIEW, Calif. (AP) — About four years ago, the Google team trying to develop cars driven by computers — not people — concluded that sooner than later, the technology would be ready for the masses…
Zuckerberg, wife gift $120M to California schools
MENLO PARK, Calif. (AP) — Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, are donating $120 million public schools in the San Francisco Bay Area.
The gift, which the couple discussed Tuesday in an exclusive interview with The Associated Press, will be spread over the next five years. It is the biggest allocation to date of the $1.1 billion in Facebook stock the couple pledged last year to the non-profit Silicon Valley Community Foundation.
The first $5 million of the $120 million will go to the San Francisco, Ravenswood and Redwood City school districts and will focus on principal training, classroom technology and helping students transition from the 8th to the 9th grade. The couple and their foundation, called Startup: Education, determined the issues of most urgent need based on discussions with school administrators and local leaders.
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How Google got states to legalize driverless cars
MOUNTAIN VIEW, Calif. (AP) — About four years ago, the Google team trying to develop cars driven by computers — not people — concluded that sooner than later, the technology would be ready for the masses…
Federal regulators take over small bank in Maryland; makes 9th US bank failure this year
– canadianbusiness.com
WASHINGTON – Regulators have closed a small lender in Maryland, marking the ninth U.S. bank failure of 2014 after 24 closures last year.
The Federal Deposit Insurance Corp. said Friday that it has taken over Slavie Federal Savings Bank, in Bel Air, Maryland.
The lender, which operated two branches, had roughly $140.1 million in assets and $111.1 million in deposits as of March 31.
Bay Bank FSB, based in Lutherville, Maryland, has agreed to pay the FDIC a premium of 0.20 per cent to assume Slavie Federal’s deposits. It also agreed to buy about $129.9 million of the failed bank’s assets.
Slavie Federal’s failure is expected to cost the deposit insurance fund $6.6 million.
The post Federal regulators take over small bank in Maryland; makes 9th US bank failure this year appeared first on Canadian Business.
The Federal Deposit Insurance Corp. said Friday that it has taken over Slavie Federal Savings Bank, in Bel Air, Maryland.
The lender, which operated two branches, had roughly $140.1 million in assets and $111.1 million in deposits as of March 31.
Bay Bank FSB, based in Lutherville, Maryland, has agreed to pay the FDIC a premium of 0.20 per cent to assume Slavie Federal’s deposits. It also agreed to buy about $129.9 million of the failed bank’s assets.
Slavie Federal’s failure is expected to cost the deposit insurance fund $6.6 million.
The post Federal regulators take over small bank in Maryland; makes 9th US bank failure this year appeared first on Canadian Business.
The week's best web reads: 10 high-conviction purchases of top stock pickers
– theglobeandmail.com
Inside the Market's weekend roundup of some of this week's best investing reads on the Internet.
Business week in review
– cbc.ca
From Google’s driverless cars, computer customers upset about a deal that proved too-good-to-be-true and Apple hinting the iHome may not be far off, it was a busy week in financial news. CBC reporter Jacqueline Hansen will catch you up with the business week in review.
