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Canada seen kicking tires on China’s new infrastructure investment bank + MORE Aug 31st
BEIJING, China – Canada is keen to get involved with a new international infrastructure bank in China, Prime Minister Justin Trudeau indicated Tuesday — a move that would help the east Asian country’s economic credibility around the world.
China founded the Asian Infrastructure Investm.... More »
Dude, Where’s My Distribution? Feb 9th
Investors using the TD e-Series mutual funds may have noticed an unusual episode at year-end. The TD International Index Fund (TDB911), which has been making quarterly distributions for years, did not make one in December 2020. This has caused some confusion, so let’s try to clear up The Curio.... More »
Malaysian leader faces risk of criminal charges over allegations he got $700M from state fund Jul 5th
KUALA LUMPUR, Malaysia – Malaysian Prime Minister Najib Razak is facing the risk of criminal charges over allegations that hundreds of millions of dollars were funneled from an indebted state fund to his personal bank accounts, the first time a Malaysian leader has faced criminal allegations.
.... More »
Greek businessman Andreas Vgenopoulos dies at 63 + MORE Nov 5th
ATHENS, Greece – Andreas Vgenopoulos, a Greek lawyer turned business tycoon, died Saturday of a heart attack, his Marfin Investment Group announced. He was 63.
Vgenopoulos was vilified as the man who precipitated Cyprus’ banking crisis in 2012, which led to an EU bailout and a one-time l.... More »
Greece crisis: Eurozone leaders gather as bid for bailout continues - CBC.ca + MORE Jul 12th
CBC.caGreece crisis: Eurozone leaders gather as bid for bailout continuesCBC.caGreece moved closer on Sunday to a desperately needed deal with European creditors which would stave off immediate financial collapse and the country's potential exit from the euro. Facing a self-imposed Sunday deadl.... More »
Liam McGee, CEO of The Hartford credited with guiding company’s recovery from recession, dies
– canadianbusiness.com
HARTFORD, Conn. – The former CEO of The Hartford financial services firm who was credited with guiding the company as it recovered from the recession has died. Liam E. McGee was 60.
The Hartford, Connecticut-based company announced Monday that McGee had died Friday of cancer.
Presiding director Thomas A. Renyi says McGee made the “tough decisions necessary to guide the company” after the recession in 2009.
The Hartford received $3.4 billion as part of the federal financial bailout immediately after the crisis in 2008. It repaid the money in March 2010, nine months after receiving it.
McGee was CEO from October 2009 through July 2014.
He was a native of County Donegal, Ireland, and grew up in Southern California.
The post Liam McGee, CEO of The Hartford credited with guiding company’s recovery from recession, dies appeared first on Canadian Business.
The Hartford, Connecticut-based company announced Monday that McGee had died Friday of cancer.
Presiding director Thomas A. Renyi says McGee made the “tough decisions necessary to guide the company” after the recession in 2009.
The Hartford received $3.4 billion as part of the federal financial bailout immediately after the crisis in 2008. It repaid the money in March 2010, nine months after receiving it.
McGee was CEO from October 2009 through July 2014.
He was a native of County Donegal, Ireland, and grew up in Southern California.
The post Liam McGee, CEO of The Hartford credited with guiding company’s recovery from recession, dies appeared first on Canadian Business.
Should you invest in an RRSP or TFSA? Both if you can, says financial advisers
– canadianbusiness.com
TORONTO – Instead of debating the merits of an RRSP or a TFSA, Canadians should consider socking away money in both types of accounts for the best tax breaks, financial advisers say.
But since that can be a challenge for most people, the decision of where to save boils down to what you want to use the money for, your income and how much you expect to earn in retirement.
“In a perfect world, people would be maximizing both their RRSPs and TFSA contributions,” said Susan Stefura, a certified financial planner with Bespoke Financial Consulting in Toronto.
“But, of course, the world isn’t perfect and most Canadians don’t have the funds available.”
Launched in 2009, Tax-Free Savings Accounts were created as a way to encourage Canadians to invest and save without paying taxes on those gains. In contrast, money socked away in an Registered Retirement Savings Plan generates a tax deduction when it is invested, but it may be taxed when it is withdrawn.
Stefura suggests Canadians look at their tax rate and what they expect it to be in retirement…
But since that can be a challenge for most people, the decision of where to save boils down to what you want to use the money for, your income and how much you expect to earn in retirement.
“In a perfect world, people would be maximizing both their RRSPs and TFSA contributions,” said Susan Stefura, a certified financial planner with Bespoke Financial Consulting in Toronto.
“But, of course, the world isn’t perfect and most Canadians don’t have the funds available.”
Launched in 2009, Tax-Free Savings Accounts were created as a way to encourage Canadians to invest and save without paying taxes on those gains. In contrast, money socked away in an Registered Retirement Savings Plan generates a tax deduction when it is invested, but it may be taxed when it is withdrawn.
Stefura suggests Canadians look at their tax rate and what they expect it to be in retirement…
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.
60 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.
