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Latest News
Making sense of the markets this week: November 3, 2024 Nov 4th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Apple, Nvidia growth—no cap
Depending on the day you ask, it’s either Apple or Nvidia as the answer to the classic q.... More »
Sino-Forest defence lawyers’ bill a ‘staggering’ $41-million + MORE Apr 21st
Plaintiffs in shareholder class action say insurance money running out
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Manulife softens spinoff speculation amid leadership transition + MORE Aug 11th
Outgoing CEO tempers enthusiasm for sale of John Hancock insurance and wealth management division as his successor eyes stronger returns on U.S. sales
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Alert! Seg funds are on the rise + MORE Feb 24th
Watch out if your advisor suggests investing in segregated funds. These insurance-backed investment products come with high fees and are unsuitable for typical investors. But they’re now surging in sales—likely because they don’t fall under new fee disclosure rules for mutual funds, ETFs, bond.... More »
Federal regulator takes permanent control of Maple Bank’s Canadian branch assets Feb 16th
OTTAWA – The federal banking regulator says it is taking permanent control of the assets of the Canadian branch of German-based Maple Bank GmbH.
The Office of the Superintendent of Financial Institutions is also asking the Attorney General of Canada to apply for a winding-up order with respect.... More »
The U.S. debate that Canada should be having
– macleans.ca
(Shutterstock)If Americans were shocked when House Majority Leader Eric Cantor lost his seat earlier this month in a Tea Party upset, the debate that’s ensued over whether to scrap the U.S. Export-Import Bank caught corporate America completely off guard. Ex-Im, as it’s more widely known, is a state-owned agency that provides financing and insurance at below-market rates to assist foreign companies in buying American exports. By the end of September, Congress must vote on whether to reauthorize Ex-Im and renew its lending powers.
But a rift has emerged in the Republican party over Ex-Im’s benefits and evils. While Cantor supported the bank, Kevin McCarthy, the new House Leader, opposes Ex-Im on the grounds that government should get out of the banking business. Many other Republicans agree. Rep. Jeb Hensarling, who chairs the House Financial Services Committee, says Ex-Im is engaged in “crony capitalism” and wants it scrapped. The debate is even drawing defenders for Ex-Im from the ranks of Democrats—not the types to typically favour handouts to big biz…
The U.S. Supreme Court on Monday ruled that business owners can object on religious grounds to a provision of President Barack Obama’s health care law that requires closely held companies to provide health insurance that covers birth control.
Finance minister Charles Sousa says Ontario is on track to meet two-year promise to push auto insurance rates down by 15 per cent.
