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How to switch out of high-fee funds + MORE Dec 8th
Q: I’ve been investing for years with a financial advisor I really like. I have about $200,000 in high-fee A-series mutual funds and I would like to switch into low-fee ETFs, but my advisor doesn’t deal with ETF portfolios. How can I change my investment strategy without causing any hard feelin.... More »
Walmart rolls out $6.5B expansion plan, including three new stores for Alberta - CBC News Jan 30th
Walmart rolls out $6.5B expansion plan, including three new stores for Alberta CBC NewsWalmart Canada announces landmark $6.5 billion investment in its store and supply chain footprint, announcing dozens of new stores to be built across Canada over the next five years Canada Ne.... More »
When it Comes to Details, BlackBerry Isn’t Talking + MORE Dec 19th
BlackBerry Ltd.'s third-quarter results were a mixed bag, but it's what the company didn't say that might overshadow the cheers it may generate from hitting some financial targets earlier than expected..... More »
Lyft reveals it doubled revenue to $2.2B in 2018 as it files to go public Mar 1st
Ride-hailing giant Lyft released financial details in a federal filing before it begins selling its stock to the public, giving investors the first chance to buy into the ride-hailing phenomenon..... More »
Fox and Disney shareholders approve deal for entertainment assets + MORE Jul 27th
Twenty-First Century Fox Inc. and Walt Disney Co. said on Friday their shareholders voted to approve Disney's $71 billion US purchase of Fox's film and television assets..... More »
Retired couple pay $20,000 in fees but have no investment strategy
– theglobeandmail.com
Doug and Donna wonder whether their financial adviser is doing a good job. They shouldn’t have to ask
Finance Minister Joe Oliver names Jeremy Rudin new OSFI superintendent
– canadianbusiness.com
OTTAWA – The federal government has named Finance Department official Jeremy Rudin as the new policeman for financial institutions in Canada, replacing Julie Dickson whose seven-year term is expiring.
The choice of Rudin, currently assistant deputy minister in the financial sector policy branch, was a bit of a surprise in that he has kept a low profile since joining the public service in 1993.
One name that had been touted as a possible next head of the Office of Superintendent of Financial Institutions was Andrew Kriegler, currently deputy superintendent of the supervision section at the agency.
But analysts said Rudin enjoyed a solid reputation at Finance and was regarded as a potential deputy minister.
“Jeremy Rudin is a distinguished public servant. He has extensive direct experience in the oversight of financial institutions, financial system stability and financial markets,” Finance Minister Joe Oliver said in announcing the appointment Friday.
“He played an important role in Canada’s response to the global financial crisis…
The choice of Rudin, currently assistant deputy minister in the financial sector policy branch, was a bit of a surprise in that he has kept a low profile since joining the public service in 1993.
One name that had been touted as a possible next head of the Office of Superintendent of Financial Institutions was Andrew Kriegler, currently deputy superintendent of the supervision section at the agency.
But analysts said Rudin enjoyed a solid reputation at Finance and was regarded as a potential deputy minister.
“Jeremy Rudin is a distinguished public servant. He has extensive direct experience in the oversight of financial institutions, financial system stability and financial markets,” Finance Minister Joe Oliver said in announcing the appointment Friday.
“He played an important role in Canada’s response to the global financial crisis…
Don’t cancel that insurance policy yet!
– moneysense.ca
(iStock)Think twice about scrapping or trading in an existing disability or critical illness insurance policy, warns financial planner Rona Birenbaum. You could wind up tens of thousands of dollars poorer. One of Birenbaum’s clients was persuaded by an insurance agent to switch a critical illness policy for long-term care coverage. What the client didn’t realize is that she was eight years into a plan that offered a return of all premiums paid if no claims were made after a decade. Had the client paid the $1,640 annual premiums for two more years, she would have walked away with $16,400. Always ask your agent or insurance company to email you a summary explaining the repercussions of cancelling a policy.
The post Don’t cancel that insurance policy yet! appeared first on MoneySense.
The first Unpaid Fines Report published by the Investment Industry Regulatory Organization of Canada lists 118 men and women who have been disciplined by the regulator since 2008.
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (15,001.61, up 91.98 points):
Amaya Gaming Group Inc. (TSX:AYA). Consumer tech. Up $5.87, or 41.69 per cent, to $19.95 on 9.9 million shares. the company announced it was buying the company that owns PokerStars and Full Tilt Poker for US$4.9 billion in an all-cash deal that will create the world’s largest publicly traded online gaming company.
Yamana Gold Inc. (TSX:YRI). Miner. Up 24 cents, or 2.74 per cent, to $9 on 9.3 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 10 cents, or 3.40 per cent, to $2.84 on 8.3 million shares.
Crocotta Energy Inc. (TSX:CTA). Oil and gas. Up 25 cents, or 6.01 per cent, to $4.41 on 6.2 million shares.
Bombardier Inc. (TSX:BBD.B). Transportation. Up 10 cents, or 2.61 per cent, to $3.93 on 5.3 million shares.
Air Canada (TSX:AC.B). Transportation. Up 34 cents, or 3.65 per cent, to $9.66 on 4.1 million shares…
Toronto Stock Exchange (15,001.61, up 91.98 points):
Amaya Gaming Group Inc. (TSX:AYA). Consumer tech. Up $5.87, or 41.69 per cent, to $19.95 on 9.9 million shares. the company announced it was buying the company that owns PokerStars and Full Tilt Poker for US$4.9 billion in an all-cash deal that will create the world’s largest publicly traded online gaming company.
Yamana Gold Inc. (TSX:YRI). Miner. Up 24 cents, or 2.74 per cent, to $9 on 9.3 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 10 cents, or 3.40 per cent, to $2.84 on 8.3 million shares.
Crocotta Energy Inc. (TSX:CTA). Oil and gas. Up 25 cents, or 6.01 per cent, to $4.41 on 6.2 million shares.
Bombardier Inc. (TSX:BBD.B). Transportation. Up 10 cents, or 2.61 per cent, to $3.93 on 5.3 million shares.
Air Canada (TSX:AC.B). Transportation. Up 34 cents, or 3.65 per cent, to $9.66 on 4.1 million shares…
