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Kinder Morgan hires TD to sell Canadian business, say sources + MORE Sep 14th
Kinder Morgan Inc. has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as $2.4 billion, people familiar with the situation told Reuters this week..... More »
Our Political Central Bankers Aug 29th
Fed officials join the resistance against financial reform..... More »
Twelve TSX stocks that could help defend against a possible correction + MORE Oct 5th
We look for sustainable dividends from companies ready to defy any cool-down in the Toronto stock market
.... More »
Altcoins vs. bitcoin: What to consider while building your crypto portfolio + MORE Oct 20th
Cryptocurrencies have skyrocketed in popularity over the last couple of years. While bitcoin remains the “king of the hill” of virtual coins, some other altcoins (smaller cryptos) are gaining traction and market value, driven by broader acceptance among retail and institutional investors.
.... More »
“Cash flow is oxygen”: Financial wisdom from SmartSweets founder Tara Bosch + MORE Feb 27th
Tara Bosch didn’t just build a candy company, she built a global brand with purpose. The founder of SmartSweets challenged the status quo, scaling the business from her kitchen to international shelves, appearing on Dragons’ Den, and then selling it in 2020 for $360 million—all before the age .... More »
Greece’s bailout monitors approve payout of 1 billion-euro loan installment
– canadianbusiness.com
ATHENS, Greece – A key body monitoring Greece’s bailout approved the disbursement of the next batch of rescue loans Friday, after the country met outstanding reform targets that had delayed the payment.
Greece’s finance ministry said the Euro Working Group, made up of finance ministry officials from the 18-country eurozone and representatives from the European Commission and European Central Bank, approved the installment during a teleconference Friday.
Eurozone finance ministers are expected to formally approve the disbursement of the 1 billion-euro ($1.36 billion) installment in a meeting in Brussels on Monday.
To access the funds, Greece had to meet six specific targets, including passing legislation and reforming the pharmaceutical sector to lower pharmacies’ profit margins and therefore prices.
Greece has relied on international rescue loans worth a total 240 billion euros from other eurozone countries and the International Monetary Fund since May 2010 when it found itself unable to raise funds on bond markets due to a financial crisis…
Greece’s finance ministry said the Euro Working Group, made up of finance ministry officials from the 18-country eurozone and representatives from the European Commission and European Central Bank, approved the installment during a teleconference Friday.
Eurozone finance ministers are expected to formally approve the disbursement of the 1 billion-euro ($1.36 billion) installment in a meeting in Brussels on Monday.
To access the funds, Greece had to meet six specific targets, including passing legislation and reforming the pharmaceutical sector to lower pharmacies’ profit margins and therefore prices.
Greece has relied on international rescue loans worth a total 240 billion euros from other eurozone countries and the International Monetary Fund since May 2010 when it found itself unable to raise funds on bond markets due to a financial crisis…
5.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-28. Click on the link above to get more details or apply online.
Why the TSX rally is built to last
– theglobeandmail.com
Unlike market surges driven by a few names, this TSX rally is broad-based
Canadians are missing billions, and no one seems to care
– macleans.ca
(Shutterstock)According to the Canadian Press, there could be anywhere from $4 billion to $7 billion in unclaimed assets sitting in accounts right now.
The Bank of Canada alone is holding nearly $1 billion from bank accounts and Canada Savings Bonds, but experts estimate unclaimed assets across the country could top $4 billion to $7 billion.
Canada is way behind other developed countries in having comprehensive unclaimed property legislation for all its residents, says accountant Brenda Potter Phelan.
“A country so progressive, so socially minded as Canada I find it hard to stomach that we don’t have some safeguards. In the U.S. and around the world they find this a main part of consumer protection,” she said from Cambridge, Ont., where she runs a website and blog called Legacy Trackers.
Four years ago I looked into the epidemic of misplaced money. It’s not just a case of forgotten bank accounts and savings bonds. Many people have also lost track of investment and mutual fund accounts…
60 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.
