All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Making sense of the markets this week: April 7, 2024 Apr 5th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Are we in the middle of another Roaring ’20s?
For those who aren’t into history, the Roaring ’20s has been referre.... More »
Stock news: Dividend hikes, earnings results, and what moved Canadian stocks this week + MORE Feb 6th
Here’s a round-up of news for Canadian investors this week.
Suncor
ATS
Brookfield
Thomson Reuters
BCE
Canada Goose
Featured RRSP Accounts
featured
EQ Bank
Build your r.... More »
RBC faces scrutiny following report of excess investor fees Jun 24th
The excess of fees charged were found in client accounts at the investment dealer RBC Dominion Securities and the bank’s mutual-fund dealer Royal Mutual Funds Inc., as well as asset manager RBC Phillips, Hager & North Investment Counsel Inc.
.... More »
Canadians to see lower fees and simpler account transfers + MORE Nov 6th
Ottawa plans to make it easier for Canadians to move their banking and investment accounts in a bid to increase competition and reduce costs for consumers. The government said as part of Tuesday’s federal budget, it will move to eliminate investment and registered account transfer fees, which .... More »
6 things to consider before borrowing from the Bank of Mom and Dad for your first home Jul 10th
As homes remain unaffordable to many Canadians, more and more young adults are turning to the Bank of Mom and Dad to help with a down payment or with mortgage payments. A recent CIBC survey showed that 31% of first-time home buyers in Canada received financial help from their parents or a relative, .... 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.
Fraser Institute says Alberta overspent on pensions and contracts
– canadianbusiness.com
EDMONTON – A right-leaning think tank is blaming population growth and spending increases well above inflation for the current budget crisis in Alberta.
The Fraser Institute says the province has spent $49 billion more than necessary, mostly in unreformed public-sector pensions and public-sector contracts that were double the rate of inflation.
Author Mark Milke calls his report “Fumbling the Alberta Advantage.”
He says Premier Jim Prentice’s warning that the drop in oil prices will drain $7 billion from expected government revenues ignores the effect of past decisions to ramp up program spending.
The study also notes that the increase in program expenditures has handcuffed the government in terms of options in such areas such as capital spending, tax relief and deposits into the Alberta Heritage Savings Trust Fund.
The last government deposit into the province’s rainy day fund happened in 2006-07.
Meantime, ATB Financial’s Todd Hirsch says the report misses the mark…
The Fraser Institute says the province has spent $49 billion more than necessary, mostly in unreformed public-sector pensions and public-sector contracts that were double the rate of inflation.
Author Mark Milke calls his report “Fumbling the Alberta Advantage.”
He says Premier Jim Prentice’s warning that the drop in oil prices will drain $7 billion from expected government revenues ignores the effect of past decisions to ramp up program spending.
The study also notes that the increase in program expenditures has handcuffed the government in terms of options in such areas such as capital spending, tax relief and deposits into the Alberta Heritage Savings Trust Fund.
The last government deposit into the province’s rainy day fund happened in 2006-07.
Meantime, ATB Financial’s Todd Hirsch says the report misses the mark…
Former Merck financial analyst pleads guilty to insider trading charges
– canadianbusiness.com
NEW YORK, N.Y. – A former Merck & Co. senior finance analyst has pleaded guilty in New York to insider trading charges.
Zachary Zwerko pleaded guilty in Manhattan federal court to conspiring to commit securities fraud and three securities fraud counts. A plea agreement recommended a three to four-year prison sentence.
Assistant U.S. Attorney Jessica Masella said the 32-year-old Cambridge, Massachusetts, resident passed along secrets that earned $722,000 in illegal profits.
Zwerko’s lawyer, Gary Pelletier, said he’ll seek leniency for his client at a May 15 sentencing.
A criminal complaint says Zwerko fed secrets about plans for acquisitions by the Kenilworth, New Jersey-based Merck to a former schoolmate at Rutgers Business School. Prosecutors say Zwerko accepted at least $50,000 in cash while the friend earned profits trading illegally.
The post Former Merck financial analyst pleads guilty to insider trading charges appeared first on Canadian Business.
Zachary Zwerko pleaded guilty in Manhattan federal court to conspiring to commit securities fraud and three securities fraud counts. A plea agreement recommended a three to four-year prison sentence.
Assistant U.S. Attorney Jessica Masella said the 32-year-old Cambridge, Massachusetts, resident passed along secrets that earned $722,000 in illegal profits.
Zwerko’s lawyer, Gary Pelletier, said he’ll seek leniency for his client at a May 15 sentencing.
A criminal complaint says Zwerko fed secrets about plans for acquisitions by the Kenilworth, New Jersey-based Merck to a former schoolmate at Rutgers Business School. Prosecutors say Zwerko accepted at least $50,000 in cash while the friend earned profits trading illegally.
The post Former Merck financial analyst pleads guilty to insider trading charges appeared first on Canadian Business.
New Media buys Stephens Media chain, including Las Vegas Review-Journal
– canadianbusiness.com
LAS VEGAS, Nev. – New York-based New Media Investment Group Inc. says it has reached an agreement to purchase the company that owns the Las Vegas Review-Journal and daily newspapers in six other states.
New Media President and CEO Michael E. Reed said in a statement Thursday that they will purchase Stephens Media LLC’s assets for $102.5 million cash.
New Media operates in more than 370 markets across 27 states, publishing 450 community publications.
Reed expects the deal to close in the first quarter of 2015. He says Stephens’ publications have a strong community focus, solid readership base and stable advertisers,’ with daily papers in Arkansas, Iowa, North Carolina, Oklahoma, Tennessee and Texas.
In Nevada, Stephens also owns the Pahrump Valley Times, Tonopah Times-Bonanza and Boulder City Review.
The post New Media buys Stephens Media chain, including Las Vegas Review-Journal appeared first on Canadian Business.
New Media President and CEO Michael E. Reed said in a statement Thursday that they will purchase Stephens Media LLC’s assets for $102.5 million cash.
New Media operates in more than 370 markets across 27 states, publishing 450 community publications.
Reed expects the deal to close in the first quarter of 2015. He says Stephens’ publications have a strong community focus, solid readership base and stable advertisers,’ with daily papers in Arkansas, Iowa, North Carolina, Oklahoma, Tennessee and Texas.
In Nevada, Stephens also owns the Pahrump Valley Times, Tonopah Times-Bonanza and Boulder City Review.
The post New Media buys Stephens Media chain, including Las Vegas Review-Journal appeared first on Canadian Business.
