Businessman accused of swindling churchgoers nationwide is arrested on federal fraud charges + MORE Jun 17th

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The best 5-year fixed mortgage rates in Canada + MORE Jul 12th

Mortgages The best 5-year fixed mortgage rates in Canada You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote. I’m buying a home* .... More »

How to buy Fidelity ETFs in Canada Dec 14th

As an investor in Canada, chances are you’ve invested in, or thought about investing in, exchange-traded funds (ETFs). These pooled investments offer a blend of convenience and built-in diversification. When you buy shares of an ETF, you gain exposure to several company stocks at once. ETF shares .... More »

Business Highlights + MORE Apr 25th

___ Fed will likely keep rates unchanged in face of global slump WASHINGTON (AP) — The U.S. job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this week, it seems in no mood to resume raising interest rates from ultra-lows. With the g.... More »

90 days - 1.80% + MORE Apr 27th

This GIC rate is offered by Oaken Financial and was updated on 2015-03-28. Click on the link above to get more details or apply online..... More »
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How Contributions Affect Your Rate of Return + MORE Jul 20th

Whenever I update the returns of my model portfolios, readers ask how the performance would have been different had they added money to the portfolios money each month. This question gets to the heart of the difference between time-weighted and money-weighted returns, which I introduced in my previo.... More »
Don’t call him a robo-adviser(iStock)
Another ETF-based portfolio service is launching in Canada, pending regulatory approval. Wealth Simple charges a 0.5% annual fee for a “light-advice” model, with the fee tapering down at higher levels of wealth. Accounts start at $5,000, with founder Michael Katchen overseeing the building and rebalancing of ETF portfolios from several fund companies. Some call this a “robo-adviser” service, but Katchen says each client gets an adviser made of flesh and blood.
The post Don’t call him a robo-adviser appeared first on MoneySense.

Continue Reading On moneysense.ca »

By Rachel Browne
As the battle intensifies to woo foreign students to western universities, a new report says Canada is a roadblock to its own success.
One of the reasons Canada—with 120,000 international students—trails countries such as England, with 427,000, and Australia, with almost 250,000 (all numbers from a 2011 UNESCO report ), is the lack of a unified brand to promote itself, according to the report released Tuesday by the Council of Chief Executives and the Canadian International Council. That’s because the provinces have sole jurisdiction over education; Canada is the only developed country without a national education ministry.
“This puts us at a disadvantage in that everyone chooses to go their own way,” says Bernard Simon, author of the report and a former Financial Times correspondent in Canada. “People know about Canada. They don’t know about Nova Scotia, they don’t know about the University of Manitoba.”
Just ask the Cape Breton University. Like other Canadian schools struggling with declining enrolment, its foreign recruiting has resulted in a university population where 30 per cent of more than 2,500 students come from outside Canada…

Continue Reading On macleans.ca »

TSX closing in on record high closeOil prices and bank shares have send Canada’s premier stock market index to its highest level in six years.

Continue Reading On thestar.com »

ATLANTA – A businessman accused of swindling churchgoers in an investment scheme was arrested Tuesday on fraud charges, federal prosecutors in Atlanta said.
The arrest of Ephren Taylor II, 31, came a week after he was indicted by a federal grand jury, prosecutors said. Taylor and a co-defendant are charged with conspiracy and multiple counts each of mail fraud, wire fraud, and money laundering, according to the indictment.
Taylor, former chief executive of North Carolina-based City Capital Corporation, is accused of convincing members of mostly African-American church congregations across the country to invest in small businesses — such as juice bars and gas stations — when prosecutors claim he really used their money to pay personal expenses.
Taylor and another former City Capital executive, Wendy Jean Connor, conspired between April 2009 and October 2010 to defraud hundreds of investors out of millions of dollars, prosecutors said, adding that Taylor travelled the country presenting “Building Wealth Tour” seminars to churchgoers…

Continue Reading On canadianbusiness.com »

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