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Profits just about double at BMO and Scotia as big banks post quarterly earnings - CBC.ca Aug 24th
Profits just about double at BMO and Scotia as big banks post quarterly earnings CBC.caBank of Montreal profit surges as loan-loss provisions improve, retail banking revenue gains The Globe and MailScotia beats as banking strength offsets capital markets stumble BNNT.... More »
U.S. banning use of WeChat, TikTok, citing national security reasons - CBC.ca Sep 18th
U.S. banning use of WeChat, TikTok, citing national security reasons CBC.caTrump to block TikTok, WeChat downloads in U.S. Global NewsByteDance plans TikTok IPO if U.S. clears deal: sources Yahoo Canada FinanceTrump Is Wrong About TikTok. China’s Plans Are Much Mor.... More »
Podcast 25: Dr. Steve Wendel on Investor Success Jul 9th
The latest episode of the Canadian Couch Potato podcast features an interview with Dr. Stephen Wendel, Head of Behavioural Science at Morningstar. Wendel heads up a research initiative called the Investor Success Project, which focuses on the human factors that dominate personal finance. So much dis.... More »
WWE Says CEO Vince McMahon to Step Back During Misconduct Probe - Bloomberg Jun 17th
WWE Says CEO Vince McMahon to Step Back During Misconduct Probe BloombergWWE CEO McMahon steps down as board investigates alleged misconduct Financial PostInvestigation at WWE upends leadership; McMahon steps aside National PostWWE Board Of Directors Now Being Invest.... More »
What some of Canada’s top founders and entrepreneurs learned in 2016 + MORE Dec 19th
Disruption requires understanding
“In applying to become a national stock exchange in the U.S., IEX faced a very tough process to be approved by the Securities and Exchange Commission (SEC). The New York Stock Exchange and NASDAQ were fighting against us and the institutional investors that s.... More »
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.
TSX in correction territory with 343-point slide
– moneysense.ca
Creative Commons/401(K) 2012TORONTO – The Toronto stock market hit correction territory Wednesday, losing almost 350 points in the worst one-day sell-off since June 2013 amid a further plunge in energy stocks.
The S&P/TSX composite index tumbled 342.78 points to 13,852.95, led by a drop of 5.5 per cent in the energy group after the OPEC cartel cut its forecast for 2015 world demand for its oil.
It also said supplies from non-OPEC countries will rise more than forecast next year.
The TSX is down 12 per cent from 2014 highs racked up in mid-summer and now is a bare 230 points or 1.7 per cent above where it started the year.
A drop of 10 per cent or more from recent highs is considered a correction.
Damage was widespread across Toronto market sectors as investors try to gauge how a drop in oil prices of around 40 per cent since mid-summer will impact on the Canadian economy.
“I think it’s basically a sell-Canada mentality,” said Ian Nakamoto, director of research at 3MACS.
“Whatever the rate of growth that was forecast, say two months ago, is going to be revised down…
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.
TSX sheds 2.4 percent as energy sector gets pounded – Reuters Canada
– news.google.ca
Reuters CanadaTSX sheds 2.4 percent as energy sector gets poundedReuters CanadaTORONTO (Reuters) – Canada's main stock index on Wednesday posted its biggest single-day percentage drop in about 18 months as fears about sliding oil demand hit the commodity price and shares of energy producers. The selloff in the price of oil has …Toronto stocks dive 2.4% on oil's steep slideCBC.caA tough day on the Toronto Stock ExchangeNews1130Canada Stocks Plunge Most in 17 Months as Oil TumblesBloombergCastanet.net -650 CKOM News Talk Radioall 457 news articles »
House renews government terrorism insurance backstop, but Senate action in doubt
– canadianbusiness.com
WASHINGTON – The House Wednesday passed a long-sought legislation to renew a government program that’s credited with reviving the market for insurance against terrorist attacks after the Sept. 11 attacks.
But the measure, despite passing by a 417-7 vote, has run into trouble in the Senate because of opposition to an unrelated item involving a rewrite of a provision of the 2010 Dodd-Frank overhaul of financial services regulations and opposition to an obscure provision involving the licensing of insurance agents.
The terrorism risk insurance program was originally enacted in 2002 after the 9-11 attacks led the private market for terrorism insurance to collapse. It provides a government backstop for private insurance companies in the event of catastrophic losses.
The legislation is important to economic sectors such as construction, real estate, hospitality and major sports leagues, which fear crippling insurance costs if the program expires and rates skyrocket — or the market for terrorism insurance collapses altogether…
But the measure, despite passing by a 417-7 vote, has run into trouble in the Senate because of opposition to an unrelated item involving a rewrite of a provision of the 2010 Dodd-Frank overhaul of financial services regulations and opposition to an obscure provision involving the licensing of insurance agents.
The terrorism risk insurance program was originally enacted in 2002 after the 9-11 attacks led the private market for terrorism insurance to collapse. It provides a government backstop for private insurance companies in the event of catastrophic losses.
The legislation is important to economic sectors such as construction, real estate, hospitality and major sports leagues, which fear crippling insurance costs if the program expires and rates skyrocket — or the market for terrorism insurance collapses altogether…
