All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Nvidia teams up with Intel in $5B deal to shape AI future Sep 25th
Nvidia, the world’s leading chipmaker, announced on Thursday that it’s investing $5 billion in Intel and will collaborate with the struggling semiconductor company. Nvidia said it will spend $5 billion to buy Intel common stock at $23.28 a share. The investment, which is subject to regul.... More »
Musk says Tesla shareholders voting yes for his $56 billion pay package - Yahoo Canada Finance + MORE Jun 13th
Musk says Tesla shareholders voting yes for his $56 billion pay package Yahoo Canada FinanceMusk says Tesla shareholders voting yes for his $56 bln pay package ReutersTesla stock pops 7% as Elon Musk declares victory in $46 billion pay vote QuartzMusk says he has Tes.... More »
China reins in lending for stock trading as it winds down measures to stop market slide + MORE Nov 13th
BEIJING, China – China tightened limits Friday on lending to finance stock purchases in its latest step to wind down emergency measures aimed at stopping a market plunge.
The maximum size of such “margin lending” will be cut by half to the equivalent of the amount of cash an invest.... More »
What are covered call ETFs, and are they good investments? + MORE Apr 12th
Covered call exchange-traded funds (ETFs) have seen an influx of attention recently from Canadians seeking a high-yielding investment, according to Travis Koivula, senior wealth advisor at Island Savings in Victoria. As retail investors take the reins on managing their own investment accounts, many .... More »
Consumer group that battles the big telcos blames CRTC for its 'dire' financial troubles Dec 17th
The Public Interest Advocacy Centre, the voice behind some of the country’s most important consumer protections, is at risk of having to close its doors for good. And it says the CRTC, the regulator it has so often prodded over the past 42 years, is to blame for its financial troub.... 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.
How Foreigners Became America's Financial Regulators
– online.wsj.com
The Fed and Treasury are answering to a board of the G-20 without admitting it to the American people.NY, federal authorities settle suits against BNY Mellon over currency transactions for $714M
– canadianbusiness.com
ALBANY, N.Y. – New York and federal authorities reached a $714 million settlement Thursday with Bank of New York Mellon in lawsuits alleging the bank fraudulently represented rates for client currency transactions for a decade.
Lawsuits filed in 2011 said BNY Mellon misrepresented rates it would give in currency exchanges, providing clients nearly the worst rates of the trading day while promising the best, obtaining the best rates for itself and keeping the difference.
New York Attorney General Eric Schneiderman and U.S. Attorney Preet Bharara said their joint effort showed the bank misled customers and breached their trust. The bank has agreed to terminate certain executives involved, they said.
“Investors count on financial institutions to tell them the truth about how their investments are being managed,” Schneiderman said. “But Bank of New York Mellon misled customers and traded at their expense.”
Bharara said: “The bank, after three years of litigation, has finally admitted what was always clear from the evidence — contrary to its various representations, including a claim of ‘best rates,’ the bank in fact gave clients prices at or near the worst interbank rates reported during the trading day…
Lawsuits filed in 2011 said BNY Mellon misrepresented rates it would give in currency exchanges, providing clients nearly the worst rates of the trading day while promising the best, obtaining the best rates for itself and keeping the difference.
New York Attorney General Eric Schneiderman and U.S. Attorney Preet Bharara said their joint effort showed the bank misled customers and breached their trust. The bank has agreed to terminate certain executives involved, they said.
“Investors count on financial institutions to tell them the truth about how their investments are being managed,” Schneiderman said. “But Bank of New York Mellon misled customers and traded at their expense.”
Bharara said: “The bank, after three years of litigation, has finally admitted what was always clear from the evidence — contrary to its various representations, including a claim of ‘best rates,’ the bank in fact gave clients prices at or near the worst interbank rates reported during the trading day…
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.
HNZ Group reports Q4 loss of $2.9M; revenue falls almost a third to $42M
– canadianbusiness.com
MONTREAL – HNZ Group Inc. (TSX:HNZ.A) has reported a fourth-quarter net loss as revenue fell by almost a third year over year due to the end of its contacts in Afghanistan and reduced activities in Western Canada and elsewhere.
The Montreal-based provider of helicopter services to government and private clients around the world said Thursday that its net loss was $2.9 million or 22 cents per share in the three months ended Dec. 31, reversing last year’s profit of $6.5 million or 50 cents per share.
Revenue fell to just under $42 million from $62 million in the prior-year period.
“The fourth quarter reflected the conclusion of our Afghanistan contracts,” president and CEO Don Wall said in the company’s earnings release, issued after markets closed.
“However, the recent offshore contract award from Shell Canada marks a milestone in the execution of our post-Afghanistan strategy to enter the offshore oil and gas support business in Eastern Canada.”
For the full year, HNZ reported net income of $12…
The Montreal-based provider of helicopter services to government and private clients around the world said Thursday that its net loss was $2.9 million or 22 cents per share in the three months ended Dec. 31, reversing last year’s profit of $6.5 million or 50 cents per share.
Revenue fell to just under $42 million from $62 million in the prior-year period.
“The fourth quarter reflected the conclusion of our Afghanistan contracts,” president and CEO Don Wall said in the company’s earnings release, issued after markets closed.
“However, the recent offshore contract award from Shell Canada marks a milestone in the execution of our post-Afghanistan strategy to enter the offshore oil and gas support business in Eastern Canada.”
For the full year, HNZ reported net income of $12…
