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Money saving tips for summer fun + MORE Jun 20th
(David Franklin/Getty Images)
Summer is here and that means Canadians will be going out and spending time with friends and family—but, apparently, not saving money.
A new survey by Tangerine reveals that 52% of Canadians adopt a more relaxed attitude when it comes to spending during the warmer mo.... More »
Ex-executive at NY bank gets 4 years in prison in $38M fraud + MORE Nov 4th
NEW YORK, N.Y. – A former executive at a New York investment bank who admitted defrauding investors of more than $38 million was sentenced to four years in prison by a judge who cited his gambling addiction as reason for leniency.
“I chose gambling over everything,” Andrew Casperse.... More »
For a child’s dreams, are parents going for gold, or broke? + MORE Aug 1st
The Olympics spark hope in many a child of going for the gold. But in financially supporting those dreams, some parents are going for broke.
For his 15-year old son’s travel hockey team, Tim Richmeier was spending about $5,000 a season: using his tax refunds, halting contributions to his 401(k.... More »
Can you lose all your money in a TFSA? + MORE Feb 3rd
Q: I never thought of the TFSA as an investment, because I use my RRSP to invest. I use my TFSA as a savings account but does that mean the money isn’t protected? Could I lose all that money?
—Maria Vasilescu, Kitchener, Ont.
A: If you hold cash or GICs in your Tax-Free Savings Account (TFSA),.... More »
Canada Disability Benefit news, updates and how to apply + MORE Jun 20th
The Canada Disability Benefit is here, and it’s about time. Nearly five years have passed since the benefit was first announced by the Liberal government in September 2020, as part of a broader disability inclusion plan. After many delays and much deliberation, the benefit received royal assent—.... More »
Ricki’s, Bootlegger, Cleo fashion stores downsizing under court protection
– canadianbusiness.com
MISSISSAUGA, Ont. – The parent of Canadian fashion retailers Ricki’s, Bootlegger and Cleo says it plans to close some underperforming stores over the next 30 days and will review corporate staffing levels under court protection from creditors.
Comark has more than 300 specialty fashion stores under the three banners.
It didn’t specify how many locations would be closed but said all three banners would be affected.
Its president and CEO says Comark has the support of its lenders and shareholders and it’s committed to emerging from creditor protection as a more competitive company in stronger financial condition.
Comark said its senior and divisional managers responsible for day-to-day operations during the restructuring.
Alvarez & Marsal Canada has been appointed as monitor under the Canadian Companies’ Creditors Act.
The post Ricki’s, Bootlegger, Cleo fashion stores downsizing under court protection appeared first on Canadian Business.
Comark has more than 300 specialty fashion stores under the three banners.
It didn’t specify how many locations would be closed but said all three banners would be affected.
Its president and CEO says Comark has the support of its lenders and shareholders and it’s committed to emerging from creditor protection as a more competitive company in stronger financial condition.
Comark said its senior and divisional managers responsible for day-to-day operations during the restructuring.
Alvarez & Marsal Canada has been appointed as monitor under the Canadian Companies’ Creditors Act.
The post Ricki’s, Bootlegger, Cleo fashion stores downsizing under court protection appeared first on Canadian Business.
Traders worry new Aequitas exchange won’t change anything
– theglobeandmail.com
On Friday, the company will flip the switch on its alternative trading system and take on the TSX. But some insiders are skeptical
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.
US stocks recover early losses in midday trading, price of oil gains on Yemen conflict
– canadianbusiness.com
NEW YORK, N.Y. – U.S. stocks were little changed in midday trading Thursday, following declines in Europe after Saudi Arabia launched strikes on key military installations in Yemen. The price of oil rose.
Despite the tension in the Middle East and the plane crash in Europe, investors were generally not moving into their traditional havens of safety. Bond prices fell, gold prices were up only slightly and dividend-paying stocks were lower.
KEEPING SCORE: The Dow Jones industrial average was up eight points, or 0.04 per cent, to 17,725 as of noon Eastern time. It was down 139 points earlier.
The Standard & Poor’s 500 index was up a point at 2,061 and the Nasdaq composite was down five points, or 0.1 per cent, to 4,870.
ENERGY: Oil prices jumped as concerns of spreading turmoil in the Middle East after Saudi Arabia bombed key military installations in Yemen. Benchmark U.S. crude rose $1.48 to $50.70 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose $2…
Despite the tension in the Middle East and the plane crash in Europe, investors were generally not moving into their traditional havens of safety. Bond prices fell, gold prices were up only slightly and dividend-paying stocks were lower.
KEEPING SCORE: The Dow Jones industrial average was up eight points, or 0.04 per cent, to 17,725 as of noon Eastern time. It was down 139 points earlier.
The Standard & Poor’s 500 index was up a point at 2,061 and the Nasdaq composite was down five points, or 0.1 per cent, to 4,870.
ENERGY: Oil prices jumped as concerns of spreading turmoil in the Middle East after Saudi Arabia bombed key military installations in Yemen. Benchmark U.S. crude rose $1.48 to $50.70 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose $2…
As more provincial governments chase a piece of the online gambling pot, the financial benefits are clear. But what about the social costs?
