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Latest News
Morgan Stanley will sell oil storage and transport business after facing scrutiny + MORE May 11th
NEW YORK, N.Y. – Morgan Stanley is selling its oil storage and transport business, which has drawn scrutiny from Congress, to commodities trading company Castleton.
Castleton is buying oil terminal storage agreements, inventory, oil purchase and sale and supply deals, and freight shipping cont.... More »
2022’s year in Review: The financial highs, lows and what’s in store for 2023 + MORE Dec 22nd
Investors started 2022 celebrating the record highs of 2021. The S&P 500, Dow Jones and NASDAQ were all up double digits. The S&P 500 achieved the greatest gains in 2021, ending the year up nearly 27%. The feeling was “onward and upward”—then macro issues took over and that changed eve.... More »
Trading ETFs Near Dividend Dates + MORE May 10th
In my most recent podcast, I addressed an excellent question from Philip, who asked, “Are there days when ETF investors should avoid trading?” Philip’s question has nothing to do with trying to time the market. He simply wants to know whether there might be days when you should not buy or sell.... More »
RBC’s discount broker launches international trading—what to know before you invest + MORE Dec 10th
RBC Direct Investing recently became the only Canadian bank-owned discount brokerage to allow self-directed investors to buy securities trading internationally on several non-North American stock exchanges. It’s not the only option in Canada for investors, though. Interactive Brokers Canada, for e.... More »
Six big retirement mistakes – what I’m doing about them Feb 14th
Save, invest, prosper with My Own Advisor.
Six big retirement mistakes – what I’m doing about them Recently Jason Heath, a fee-only financial planner, outlined a number of mistakes investors make when it comes to retirement planning and/or investing during retirement. I thought I’d outli.... More »
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.
3.5 year – 2.20%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-10-20. Click on the link above to get more details or apply online.
Shares of Branson-backed Virgin America start trading with tailwind from airline industry
– canadianbusiness.com
Virgin American shares are climbing in their trading debut.
The shares opened at $27 — $4 higher than the price that the airline set — and then jumped as high as $29 in early dealings Friday on the Nasdaq stock market.
The timing of the IPO by the Richard Branson-backed airline could hardly be better. Airlines stocks have soared as the carriers reap huge profits thanks to full planes, rising revenue and falling fuel prices. After years of losing money, Virgin America is now profitable.
The post Shares of Branson-backed Virgin America start trading with tailwind from airline industry appeared first on Canadian Business.
The shares opened at $27 — $4 higher than the price that the airline set — and then jumped as high as $29 in early dealings Friday on the Nasdaq stock market.
The timing of the IPO by the Richard Branson-backed airline could hardly be better. Airlines stocks have soared as the carriers reap huge profits thanks to full planes, rising revenue and falling fuel prices. After years of losing money, Virgin America is now profitable.
The post Shares of Branson-backed Virgin America start trading with tailwind from airline industry appeared first on Canadian Business.
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.
Postmaster General Patrick Donahoe says he’ll retire Feb. 1 after leading agency for 4 years
– canadianbusiness.com
WASHINGTON – Postmaster General Patrick Donahoe announced his retirement Friday as the Postal Service continued to amass billions of dollars in losses and battled with Congress over proposed cost-cutting moves, including ending Saturday delivery.
He will be succeeded Feb. 1 by agency veteran Megan Brennan, who will become the first female postmaster general.
Donahoe, who has spent 39 years with the Postal Service, took over the agency during a serious financial crisis and oversaw a restructuring of the agency as it sought to deal with sharp declines in the volume of first-class mail.
“Pat was the calm in the financial storm. He ignored the naysayers and went forward with his team and built a comprehensive plan for the future of the organization, made tough decisions and executed against those decisions,” said Mickey D. Barnett, chairman of the Board of Postal Governors. “That’s a testament to the great team he built and his own personal leadership.”
Donahoe’s retirement announcement came as the agency reported a $569 million revenue increase in a fiscal year the year that ended Sept…
He will be succeeded Feb. 1 by agency veteran Megan Brennan, who will become the first female postmaster general.
Donahoe, who has spent 39 years with the Postal Service, took over the agency during a serious financial crisis and oversaw a restructuring of the agency as it sought to deal with sharp declines in the volume of first-class mail.
“Pat was the calm in the financial storm. He ignored the naysayers and went forward with his team and built a comprehensive plan for the future of the organization, made tough decisions and executed against those decisions,” said Mickey D. Barnett, chairman of the Board of Postal Governors. “That’s a testament to the great team he built and his own personal leadership.”
Donahoe’s retirement announcement came as the agency reported a $569 million revenue increase in a fiscal year the year that ended Sept…
