All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Does buying GICs still make sense after the recent rate cuts? + MORE Oct 2nd
The Bank of Canada (BoC) recently lowered its policy interest rate by another 25 basis points, from 4.50% to 4.25%. It was the central bank’s third consecutive cut, and economists widely expect more cuts before the end of the year.
What does it mean for Canadians as borrowers and savers when in.... More »
What’s included in Canada’s GST holiday—and how not to overspend + MORE Dec 6th
While many Canadians highly anticipate the federal government’s upcoming GST holiday, experts say consumers need to make sure they’re saving money on what they need most without falling for the allure of a deal and hurting their bottom line.
For most low- and middle-income families, “gett.... More »
New IMF report warns of Canada’s high debt levels + MORE Oct 12th
In the new report, the International Monetary Fund says these dynamics in Canada’s private non-financial sector leaves its economy more sensitive to tighter financial conditions..... More »
'Overwatch 2' And 'Diablo IV' Won't Be Released In 2021, According To Activision Blizzard - Forbes Feb 4th
'Overwatch 2' And 'Diablo IV' Won't Be Released In 2021, According To Activision Blizzard ForbesActivision Blizzard beats earnings expectations after 'best year in our 30 Yahoo Canada FinanceOverwatch 2 and Diablo 4 won’t be released in 2021, Activision Blizzard says &nb.... More »
What to look for when choosing a financial advisor + MORE Feb 14th
Q. Our portfolio is approximately $1 million and is split almost equally between two advisors: one at a major bank and the other at a private firm. I have been considering consolidating our investments with one advisor. My question is, do we go with the bank or the private service? What’s the be.... More »
Prosecutors: Fraudster used investors’ funds to have his wife’s body cryogenically frozen
– canadianbusiness.com
NEW YORK, N.Y. – An accused financial fraudster used backers’ money for a personal and uncommon purpose, prosecutors say: to have his wife’s body cryogenically frozen.
While telling investors he was putting their money in commodities, foreign exchange trading pools and precious metals, Whileon Chay instead used over $150,000 of it on cryogenics after his wife’s roughly 2009 death, Manhattan federal prosecutors said in a fraud indictment unveiled Friday.
Chay’s account of his dealings isn’t yet known: Prosecutors say the 38-year-old fled New York for Peru while under investigation in 2011, and they have been unable to locate him since. Neither he nor any lawyer for him responded to a related civil suit that the federal Commodities Futures Trading Commission filed against him last year.
“Although he has fled the country, these charges against him will persist, and so will our efforts to bring him back to face them,” Manhattan U.S. Attorney Preet Bharara said in a statement Friday…
While telling investors he was putting their money in commodities, foreign exchange trading pools and precious metals, Whileon Chay instead used over $150,000 of it on cryogenics after his wife’s roughly 2009 death, Manhattan federal prosecutors said in a fraud indictment unveiled Friday.
Chay’s account of his dealings isn’t yet known: Prosecutors say the 38-year-old fled New York for Peru while under investigation in 2011, and they have been unable to locate him since. Neither he nor any lawyer for him responded to a related civil suit that the federal Commodities Futures Trading Commission filed against him last year.
“Although he has fled the country, these charges against him will persist, and so will our efforts to bring him back to face them,” Manhattan U.S. Attorney Preet Bharara said in a statement Friday…
Washington-based Haggen grocery chain buying 146 Albertson, Safeway stores in the West
– canadianbusiness.com
BELLINGHAM, Wash. – The Washington state-based grocery chain Haggen Inc. plans to buy 146 Albertsons and Safeway stores in Washington, Oregon, California, Nevada and Arizona.
The Bellingham Herald reports (http://is.gd/H8SWZA ) the sales are required under the federal review of Safeway’s sale to an investment group that owns Albertsons.
If Haggen’s plans announced Friday get Federal Trade Commission approval, the Bellingham-based company would expand from 18 stores and 16 pharmacies in the Northwest to 164 stores and 106 pharmacies in the five states.
Details of the deal haven’t been released.
This is the largest of several sales related to the $7.6 billion sale of Safeway to investors led by Cerberus Capital Management. Associated Food Stores is buying eight stores in Montana and Wyoming, Associated Wholesale Grocers is purchasing 12 stores in Texas, and Supervalu is buying two Albertsons stores in Everett and Woodinville, Washington.
___
Information from: The Bellingham Herald, http://www…
The Bellingham Herald reports (http://is.gd/H8SWZA ) the sales are required under the federal review of Safeway’s sale to an investment group that owns Albertsons.
If Haggen’s plans announced Friday get Federal Trade Commission approval, the Bellingham-based company would expand from 18 stores and 16 pharmacies in the Northwest to 164 stores and 106 pharmacies in the five states.
Details of the deal haven’t been released.
This is the largest of several sales related to the $7.6 billion sale of Safeway to investors led by Cerberus Capital Management. Associated Food Stores is buying eight stores in Montana and Wyoming, Associated Wholesale Grocers is purchasing 12 stores in Texas, and Supervalu is buying two Albertsons stores in Everett and Woodinville, Washington.
___
Information from: The Bellingham Herald, http://www…
