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Google parent Alphabet boosts revenue 21% + MORE Feb 5th
Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, but its stock slid in after-hours trading..... More »
National Bank profit falls on hit from energy sector; boosts dividend + MORE Jun 1st
The smallest of Canada’s six big banks had announced in May that it would set aside $250-million to cover bad loans to the sector
.... More »
How to plan for retirement for Canadians: A review of Four Steps to a Worry-Free Retirement course + MORE Oct 26th
With November incoming and being Financial Literacy Month in Canada, it seems appropriate to devote this edition of the Retired Money column to a new Canadian DIY retirement course created by MoneySense’s “Making sense of the markets” columnist Kyle Prevost.
Entitled 4 Steps to a .... More »
India woos Africa with technology and credit as China’s shadow looms large over continent + MORE Oct 28th
NEW DELHI – In Mozambique, India is building a solar panel plant that will help the southern African country harness renewable energy. Cameroon, in Central Africa, has sought India’s help in fighting the Islamic extremist group Boko Haram. In Ethiopia, Indian technical and financial aid .... More »
Leaked records open a ‘Pandora’ box of financial secrets of hundreds of the world’s elite and corrupt - The Globe and Mail Oct 3rd
Leaked records open a ‘Pandora’ box of financial secrets of hundreds of the world’s elite and corrupt The Globe and MailPandora papers: Leaked records reveal secrets CTV News'Pandora Papers': Leaked records reveal financial secrets of world leaders, politicians .... More »
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
European Central Bank review could push weak banks to raise money, restructure
– canadianbusiness.com
FRANKFURT – The European Central Bank on Sunday will reveal the results of a yearlong search through the books of Europe’s 130 biggest banks, a key part of the region’s effort to recover from its debt and economic crisis.
The review aims to weed out banks that are hiding financial problems that keep them from lending to businesses at affordable rates. Companies need the loans to invest and hire if Europe’s economy, which didn’t grow at all in the second quarter and has unemployment of 11.5 per cent, is to improve.
Banks that flunk the review could be forced to raise money, restructure or be sold off. That could cause some market turmoil in the short term as banks scramble to find cash from investors or governments.
But in the longer term, the hope is that this will create stronger banks. In Europe, businesses are more dependent on bank loans than in the United States, where companies more often raise funds through bond markets.
Here’s a brief guide to the test:
— It reviews the banks’ loans, holdings and investments as of the end of 2013…
The review aims to weed out banks that are hiding financial problems that keep them from lending to businesses at affordable rates. Companies need the loans to invest and hire if Europe’s economy, which didn’t grow at all in the second quarter and has unemployment of 11.5 per cent, is to improve.
Banks that flunk the review could be forced to raise money, restructure or be sold off. That could cause some market turmoil in the short term as banks scramble to find cash from investors or governments.
But in the longer term, the hope is that this will create stronger banks. In Europe, businesses are more dependent on bank loans than in the United States, where companies more often raise funds through bond markets.
Here’s a brief guide to the test:
— It reviews the banks’ loans, holdings and investments as of the end of 2013…
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
