How to go about securing the best return for your investment in Canada.
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People who say homes ruined by Chinese drywall knock at ‘China’s Great Legal Firewall’ + MORE Sep 7th
NEW ORLEANS – More than a year after suing the Cabinet agency that oversees China’s biggest state-owned companies, lawyers for people who say their homes were ruined by drywall made in China are still trying to get the lawsuit served on the State-Owned Assets Supervision and Administrati.... More »
Specialty, discount retail earnings set to echo wider sector’s woes + MORE May 15th
Despite broader economic growth, brick-and-mortar sales continue to slump
.... More »
Coronavirus will not be the only crisis the world has to face. Here’s how to prepare your portfolio Feb 4th
In this time of global uncertainty, the best way to protect your assets is to have some of your money in these safe havens, writes Gordon Pape..... More »
Ford plans $1.8 billion expansion of China research and development + MORE Oct 12th
BEIJING, China – Ford Motor Co. says it plans to spend $1.8 billion to expand its ability to develop technologies for China’s growing auto market.
The American automaker said Monday it will expand a research and development centre in the eastern city of Nanjing and work on autonomous dri.... More »
Millennial love for Snapchat extends to Snap’s stock + MORE Mar 12th
For some young investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc
.... More »
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.
Focus is on expansion and TV as BCE, Telus report earnings
– theglobeandmail.com
Montreal-based Quebecor Inc. reported last Thursday and faced a barrage of questions from industry analysts on its possible wireless expansion outside of Quebec
Rating agency S&P finds wealth gap is contributing to a slower US recovery
– canadianbusiness.com
WASHINGTON – Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession.
Now, an analysis by the rating agency Standard & Poor’s lends its weight to the argument: The widening gap between the wealthiest Americans and everyone else has made the economy more prone to boom-bust cycles and slowed the 5-year-old recovery from the recession.
Economic disparities appear to be reaching extremes that “need to be watched because they’re damaging to growth,” said Beth Ann Bovino, chief U.S. economist at S&P.
The rising concentration of income among the top 1 per cent of earners has contributed to S&P’s cutting its growth estimates for the economy. In part because of the disparity, it estimates that the economy will grow at a 2.5 per cent annual pace in the next decade, down from a forecast five years ago of a 2.8 per cent rate.
The S&P report advises against using the tax code to try to narrow the gap…
Now, an analysis by the rating agency Standard & Poor’s lends its weight to the argument: The widening gap between the wealthiest Americans and everyone else has made the economy more prone to boom-bust cycles and slowed the 5-year-old recovery from the recession.
Economic disparities appear to be reaching extremes that “need to be watched because they’re damaging to growth,” said Beth Ann Bovino, chief U.S. economist at S&P.
The rising concentration of income among the top 1 per cent of earners has contributed to S&P’s cutting its growth estimates for the economy. In part because of the disparity, it estimates that the economy will grow at a 2.5 per cent annual pace in the next decade, down from a forecast five years ago of a 2.8 per cent rate.
The S&P report advises against using the tax code to try to narrow the gap…
American International Group to pay $960M to settle shareholder lawsuits; 2Q profit up 13 pct
– canadianbusiness.com
NEW YORK, N.Y. – American International Group Inc. said Monday it has agreed to pay $960 million to settle shareholder claims that the company misled investors.
The settlement stems from several class-action lawsuits claiming that AIG executives gave false and misleading information about the insurer’s health, including its exposure to the risky home loans that triggered the mortgage crisis.
Last month, AIG and the plaintiffs accepted a mediator’s proposal to settle the consolidated lawsuits for $960 million in cash, the company said in a filing with the Securities and Exchange Commission.
The deal must still be approved by the court.
The settlement is the latest step by AIG to move beyond its troubled years following the financial crisis in 2008.
The New York company got one of the biggest bailouts of the financial crisis but subsequently repaid the money and underwent a massive restructuring, shrinking its size by more than half to focus on its core insurance business…
The settlement stems from several class-action lawsuits claiming that AIG executives gave false and misleading information about the insurer’s health, including its exposure to the risky home loans that triggered the mortgage crisis.
Last month, AIG and the plaintiffs accepted a mediator’s proposal to settle the consolidated lawsuits for $960 million in cash, the company said in a filing with the Securities and Exchange Commission.
The deal must still be approved by the court.
The settlement is the latest step by AIG to move beyond its troubled years following the financial crisis in 2008.
The New York company got one of the biggest bailouts of the financial crisis but subsequently repaid the money and underwent a massive restructuring, shrinking its size by more than half to focus on its core insurance business…
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.
