How to go about securing the best return for your investment in Canada.
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Debate peaks over vast coastal Southern California oil land Sep 3rd
NEWPORT BEACH, Calif. – The vast, dusty stretch of land in one of Southern California’s wealthiest beachfront communities is littered with rusting pipes from once-thriving oil production.
Beneath its drought-stricken exterior, however, environmentalists say the Newport Beach property is .... More »
Brexit vote rocks the world’s financial markets + MORE Jun 24th
A man walks past a screen displaying currency exchange rates outside a brokerage in Tokyo, Japan, June 24, 2016. REUTERS/Thomas Peter – RTX2HWDB
SEOUL, Korea, Republic Of — World financial markets were rocked Friday by Britain’s unprecedented vote to leave the European Union, with stoc.... More »
Stock news for investors: Big banks see third-quarter profit growth + MORE Aug 29th
Here’s a round-up of news for Canadian investors this week.
BMO
Scotiabank
RBC
National Bank
EQ Bank
TD
CIBC
Laurentian Bank
Featured RRSP Accounts
featured
EQ Bank
.... More »
A financial survival guide for the new university or college graduate May 11th
Here’s the good news: You’re not falling behind if you don’t have everything figured out right away. The key is to start small, stay consistent and build a plan that reflects your priorities..... More »
The Dow Jones Industrial Average is ridiculous — and its 20,000-point milestone doesn't matter + MORE Jan 17th
The Dow Jones Industrial Average is a terrible way of measuring the economy and the stock market, experts agree, which is why its imminent 20,000-point milestone is meaningless..... 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.
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.
Dubai World gets breathing space as creditors sign off on new terms for $14.6 billion in debt
– canadianbusiness.com
DUBAI, United Arab Emirates – State-backed conglomerate Dubai World says it has reached a deal with creditors to rework terms on $14.6 billion of debt, giving it more breathing room as it works to move beyond its financial challenges.
The company said Sunday it will pay back $2.92 billion worth of the debt earlier than scheduled this year and extend repayment of the rest from 2018 until 2022. The lenders include banks and investors from the Middle East, Europe and Asia.
The company says the deal gives it “more time to dispose of non-core assets.” Its portfolio includes several companies, including port operator DP World and shipbuilder Drydocks World.
Dubai World previously renegotiated terms on $24.9 billion in debt in 2011 — a key step in resolving fallout from the Dubai’s 2009 financial crisis.
The post Dubai World gets breathing space as creditors sign off on new terms for $14.6 billion in debt appeared first on Canadian Business.
The company said Sunday it will pay back $2.92 billion worth of the debt earlier than scheduled this year and extend repayment of the rest from 2018 until 2022. The lenders include banks and investors from the Middle East, Europe and Asia.
The company says the deal gives it “more time to dispose of non-core assets.” Its portfolio includes several companies, including port operator DP World and shipbuilder Drydocks World.
Dubai World previously renegotiated terms on $24.9 billion in debt in 2011 — a key step in resolving fallout from the Dubai’s 2009 financial crisis.
The post Dubai World gets breathing space as creditors sign off on new terms for $14.6 billion in debt appeared first on Canadian Business.
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.
TSX aims for 5th week of gains amid growing confidence about Europe, oil prices
– canadianbusiness.com
TORONTO – The Toronto stock market is looking to try for a fifth consecutive week of gains with investors feeling better about Europe amid signs of improving economic growth, confidence that Greece and its creditors will come to an agreement and hopes that a ceasefire in Ukraine will hold.
The TSX advanced 181 points or 1.2 per cent last week, lifted by data showing better than expected growth in Germany and the eurozone economy as a whole in the fourth quarter.
Advances were also supported by a rise of about 2.5 per cent in the energy sector amid a feeling that oil prices have found support around US$50 barrel. Prices have fallen more than 50 per cent since last summer as markets work through a huge supply/demand imbalance.
“It certainly has that feel that we‘re forming a base here,” said Doug Porter, chief economist at BMO Capital Markets.
“But our view for the last month or so has been pretty consistent. We think oil is going to be more on the defensive through the first half of the year before it really stabilizes in the second half…
The TSX advanced 181 points or 1.2 per cent last week, lifted by data showing better than expected growth in Germany and the eurozone economy as a whole in the fourth quarter.
Advances were also supported by a rise of about 2.5 per cent in the energy sector amid a feeling that oil prices have found support around US$50 barrel. Prices have fallen more than 50 per cent since last summer as markets work through a huge supply/demand imbalance.
“It certainly has that feel that we‘re forming a base here,” said Doug Porter, chief economist at BMO Capital Markets.
“But our view for the last month or so has been pretty consistent. We think oil is going to be more on the defensive through the first half of the year before it really stabilizes in the second half…
