TSX getting you down? There are always sound investment alternatives.
Latest News
Province creates special disaster relief program for cottagers affected by flood - CBC.ca May 16th
CBC.caProvince creates special disaster relief program for cottagers affected by floodCBC.caCottagers whose properties have been damaged by major flooding this spring will be able to apply for financial help from the provincial government. Environment and Local Government Minister Andrew Harvey anno.... More »
Bitcoin, marijuana stock crazes take root in Canada’s Wild West Dec 22nd
Low bar lends itself to stock promotion, murky disclosure
.... More »
What are corporate class mutual funds? + MORE Aug 26th
(ptmoney.com/Flickr)
Q. The 2016 Budget included a big change by eliminating the tax benefit on capital gains for corporate class (C-Class) mutual funds. First, how do these funds work and who uses them? Second, will all these corporate class funds (including ETFs) be affected? And, third, didn’t.... More »
CPPIB using its shareholder votes to push for more women on corporate boards: CEO + MORE Nov 11th
TORONTO _ Canada’s largest retirement fund manager is pushing to have more women on corporate boards because diversity makes for better business decisions, CPPIB chief executive Mark Machin said Friday.
“This is a high priority for us,” Machin said in an interview after Canada Pens.... More »
Federal fraud sentencing drags on for former NBA player, UConn star Tate George + MORE Dec 30th
TRENTON, N.J. – Another day passed Tuesday without a sentence in the fraud case of a former NBA player convicted of running a real estate Ponzi scheme.
Former University of Connecticut and New Jersey Nets guard Tate George appeared in federal court in Trenton on Tuesday for the continuation of.... More »
Alibaba bets $590-million on becoming a smartphone player
– theglobeandmail.com
Investment in Meizu Technology gives e-commerce giant a key tool in its push to unlock more money from China’s half a billion smartphone users
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 – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Global watchdog warns pace of reforms slowing among advanced economies
– canadianbusiness.com
ISTANBUL – Global growth is threatened by developed countries’ flagging efforts to reform their economies, a major international organization warned on Monday.
The Organization for Economic Co-operation and Development, a think-tank dealing with the world’s developed countries, says in a report that the lagging attention to reform is preventing many advanced economies — particularly Europe and Japan — from returning to the growth rates they enjoyed before the financial crisis.
OECD Secretary General Angel Gurria called the development “not very encouraging.”
“There is this danger that we can move into long-term low growth or pretty flat growth,” he said in a press conference.
The report was released as finance ministers and central bankers from the Group of 20 wealthy and developing nations began a two-day meeting in Istanbul. In a statement accompanying Monday’s report, the OECD’s chief economist, Catherine Mann warned of “growing difficulties by governments in pushing for reforms…
The Organization for Economic Co-operation and Development, a think-tank dealing with the world’s developed countries, says in a report that the lagging attention to reform is preventing many advanced economies — particularly Europe and Japan — from returning to the growth rates they enjoyed before the financial crisis.
OECD Secretary General Angel Gurria called the development “not very encouraging.”
“There is this danger that we can move into long-term low growth or pretty flat growth,” he said in a press conference.
The report was released as finance ministers and central bankers from the Group of 20 wealthy and developing nations began a two-day meeting in Istanbul. In a statement accompanying Monday’s report, the OECD’s chief economist, Catherine Mann warned of “growing difficulties by governments in pushing for reforms…
TSX heads for lower open amid glum China data, Greece euro exit concerns
– canadianbusiness.com
TORONTO – The Toronto stock market looked set to give back some of last week’s solid advance amid worry centred around whether Greece will exit the eurozone and subpar economic data from China.
The Canadian dollar rose 0.16 of a cent to 80.01 cents US amid rising prices for oil and metals.
New York futures were well in the red with the Dow Jones industrial futures down 72 points to 17,710, the Nasdaq futures were 14.7 points lower to 4,212.8 and the S&P 500 futures shed 9.1 points to 2,044.
Chinese trade data for January elevated worries about a deepening economic slowdown in the world’s second-biggest economy. Imports tumbled 19.7 per cent from a year earlier on top of a decline of 2.4 per cent a month earlier. Exports dropped 3.2 per cent year-on-year, compared with a 9.7 rise in December.
However, analysts pointed out that China’s trade figures early in the year are often volatile because companies rush to fill orders before shutting down for the Lunar New Year, which falls in January or February…
The Canadian dollar rose 0.16 of a cent to 80.01 cents US amid rising prices for oil and metals.
New York futures were well in the red with the Dow Jones industrial futures down 72 points to 17,710, the Nasdaq futures were 14.7 points lower to 4,212.8 and the S&P 500 futures shed 9.1 points to 2,044.
Chinese trade data for January elevated worries about a deepening economic slowdown in the world’s second-biggest economy. Imports tumbled 19.7 per cent from a year earlier on top of a decline of 2.4 per cent a month earlier. Exports dropped 3.2 per cent year-on-year, compared with a 9.7 rise in December.
However, analysts pointed out that China’s trade figures early in the year are often volatile because companies rush to fill orders before shutting down for the Lunar New Year, which falls in January or February…
