How to go about securing the best return for your investment in Canada.
Latest News
BlackBerry shares slip on lower enterprise revenue Jun 22nd
BlackBerry Ltd. shares sank more than nine per cent on Friday, despite beating analysts' estimates and reporting a solid start to its 2019 financial year..... More »
Why Canadian consumer debt continues to grow Nov 27th
Consumer debt rose to a record $2.5 trillion in the third quarter as many Canadians continue to struggle with high living costs and rising unemployment, new surveys from two credit bureaus say.
Newcomers and consumers who borrowed money for the first time in the past 12 to 36 months saw the.... More »
Canadian CEOs Made $1.16 Billion Last Year. Will the Fat Cheques Continue in 2022? Jul 12th
Did you get a raise last year? If you’re an executive at one of Canada’s largest companies, chances are you enjoyed a hefty pay bump.
CEOs at the 100 biggest Canadian businesses listed on the Toronto Stock Exchange took home combined pay totalling $1.16 billion in 2021—a 32 per cent i.... More »
Despite record sales, New Jersey’s lottery earnings are worst since 2009 + MORE Sep 14th
WASHINGTON – Two years after New Jersey Gov. Chris Christie privatized much of the state’s lottery operations, a big payoff remains out of sight.
Higher costs associated with the private company that Christie hired, Northstar New Jersey, have cut the state’s income for the second s.... More »
Data gaps show need for better foreign buyer stats + MORE Apr 7th
(Getty Images / Michael Blann)
The Canada Mortgage Housing Corporation (CMHC) recently released their April 2016 edition of the Foreign Ownership in Condominiums report.
The report aims to reveal the share of foreign ownership based on the age of the condominium building.
Not surprisingly, the repor.... More »
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-05-31. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
AIMCO says pension funds ‘sitting on laurels,’ should get outside comfort zone
– canadianbusiness.com
CALGARY – Pension funds need to stretch outside their comfort zone if they’re to bring in healthy returns over the long term, says the CEO of Alberta Investment Management Corp., which has new energy technologies in its sights.
“Canadian pension funds are sort of sitting on their laurels and they’ve become less innovative,” Leo de Bever told reporters Monday after AIMCo released its annual report.
“We have to get more innovative in different areas and we have to stretch ourselves. And stretching within existing asset classes means going for more difficult assets.”
AIMCo is an Alberta Crown corporation that manages $80 billion in assets on behalf of 27 pension, endowment and government funds. Last year, AIMCo earned a total net return of 12.5 per cent, versus 10.2 per cent in 2012.
De Bever, 66, is planning to retire after six years at the helm of AIMCo. The hunt is on for de Bever’s successor, but no timeline has been set for his departure…
“Canadian pension funds are sort of sitting on their laurels and they’ve become less innovative,” Leo de Bever told reporters Monday after AIMCo released its annual report.
“We have to get more innovative in different areas and we have to stretch ourselves. And stretching within existing asset classes means going for more difficult assets.”
AIMCo is an Alberta Crown corporation that manages $80 billion in assets on behalf of 27 pension, endowment and government funds. Last year, AIMCo earned a total net return of 12.5 per cent, versus 10.2 per cent in 2012.
De Bever, 66, is planning to retire after six years at the helm of AIMCo. The hunt is on for de Bever’s successor, but no timeline has been set for his departure…
Alberta man, related companies accused of defrauding investors of $56.7M
– canadianbusiness.com
CALGARY – The Alberta Securities Commission has accused an independent TV producer of having “perpetrated a fraud” in raising more than $56 million from investors.
ASC staff allege that between March 2007 and the end of June 2009 that Neil Chandran, Energy TV and Chandran Holding Media Inc. raised some $56,730 from at least 210 investors, most of whom were Alberta residents, for various television, video and web-based products.
Investors were told Energy TV would, among other things, promote and stage a World Boxing Federation match in Las Vegas that would see them earn profits of between 50 and 75 per cent within five days of the event, which was to occur about 30 days from the investment date.
“The event never took place,” the commission said in a statement issued Monday.
“Instead, ASC staff allege that Chandran and Energy TV used investor’s funds to pay the company’s operating expenses,” the ASC statement said.
ASC staff also allege that Chandran and his companies engaged in illegal trades and distributions and made prohibited representations in raising the money…
ASC staff allege that between March 2007 and the end of June 2009 that Neil Chandran, Energy TV and Chandran Holding Media Inc. raised some $56,730 from at least 210 investors, most of whom were Alberta residents, for various television, video and web-based products.
Investors were told Energy TV would, among other things, promote and stage a World Boxing Federation match in Las Vegas that would see them earn profits of between 50 and 75 per cent within five days of the event, which was to occur about 30 days from the investment date.
“The event never took place,” the commission said in a statement issued Monday.
“Instead, ASC staff allege that Chandran and Energy TV used investor’s funds to pay the company’s operating expenses,” the ASC statement said.
ASC staff also allege that Chandran and his companies engaged in illegal trades and distributions and made prohibited representations in raising the money…
