The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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FTX collapse: OTPP writes down investment to zero - CTV News + MORE Nov 18th
FTX collapse: OTPP writes down investment to zero CTV NewsView Full Coverage on Google News.... More »
Money in the bank: Ottawa looks for new ways to tax dormant accounts + MORE Jan 13th
Ottawa wants to reform and expand its national registry of "unclaimed balances" — money in financial accounts that Canadians have forgotten they own. The proposal would add unclaimed pensions to the registry, but critics say that with about $6 billion in dormant assets up for grabs.... More »
Virtual Reality could make this stock the next Amazon.com + MORE May 19th
An examination of the most promising and profitable investment themes from Citi’s global quantitative strategy team
.... More »
Global Investors Blindsided by China - Bloomberg Markets and Finance Jul 28th
Global Investors Blindsided by China Bloomberg Markets and FinanceChina stocks see biggest slump in US since 2008 financial crisis BBC NewsChinese stocks pare losses as state media try to stem panic Al Jazeera EnglishBeijing's Big Tech Crackdown Means a Bad Summer fo.... More »
Backlash grows for ‘selfish millionaire’ who got vaccine meant for Indigenous people - The Guardian + MORE Jan 27th
Backlash grows for ‘selfish millionaire’ who got vaccine meant for Indigenous people The GuardianBusiness exec and his wife charged after flying into remote Canadian town to get Covid-19 vaccine, officials say CNNB.C. couple accused of flying to Yukon to get vaccinated must.... More »
Glencore to sell shares, scrap dividend as commodity price slump persists
– theglobeandmail.com
The mining and trading company came under pressure to cut its net debt of $30-billion, one of the largest in the industry, as prices for its key products, copper and coal, sank to more than six-year lows
China’s foreign reserves fall by $93.9 billion after spending to support yuan exchange rate
– canadianbusiness.com
BEIJING, China – China’s foreign exchange reserves fell by a record $93.9 billion in August as the central bank spent heavily to support its currency’s exchange rate following a surprise devaluation.
Reserves declined to $3.557 trillion as of the end of August, according to the People’s Bank of China. They remain by far the world’s largest despite August’s fall.
Currency traders bet the yuan would fall further after the Aug. 11 devaluation that rattled global financial markets, putting downward pressure on the exchange rate and prompting the central bank to buy the currency to support its value.
The central bank said the devaluation was part of efforts to make the yuan’s state-set exchange rate more market-oriented. But the change, coming at a time of weakening Chinese economic growth, prompted suggestions it was trying to give struggling exporters a price advantage.
Analysts said the devaluation was too small to make a difference in trade but it fueled concerns of a possible “currency war” if other governments responded by weakening their own exchange rates…
Reserves declined to $3.557 trillion as of the end of August, according to the People’s Bank of China. They remain by far the world’s largest despite August’s fall.
Currency traders bet the yuan would fall further after the Aug. 11 devaluation that rattled global financial markets, putting downward pressure on the exchange rate and prompting the central bank to buy the currency to support its value.
The central bank said the devaluation was part of efforts to make the yuan’s state-set exchange rate more market-oriented. But the change, coming at a time of weakening Chinese economic growth, prompted suggestions it was trying to give struggling exporters a price advantage.
Analysts said the devaluation was too small to make a difference in trade but it fueled concerns of a possible “currency war” if other governments responded by weakening their own exchange rates…
Financial ExpressAsian stocks lackluster after weak China, Japan dataWashington PostTOKYO — Asian stock markets were lackluster Tuesday after weak Chinese trade and Japanese growth figures showed headwinds for the global economy. KEEPING SCORE: Japan's Nikkei 225 stock index fell 0.9 percent to 17,699.52 and the Shanghai …Asian stocks brace for China trade data, dollar upReuters CanadaChina stocks slip in volatile trade despite fresh steps to calm investorsReutersBeijing calls stock bubble over, markets disagreeCNNBloomberg -Wall Street Journal -Boston Heraldall 461 news articles »
CPPIB, PSP buy stake in Tesco's South Korean operations in $6.1-billion deal
– theglobeandmail.com
The Canadian Pension Plan Investment Board, along with the Public Sector Pension Investment Board, is part of a consortium that purchased the South Korean supermarket chain Homeplus from British retailer Tesco for around $6-billion
Chris Young/CPTORONTO — Long-term expats determined to cast a ballot for the Oct. 19 election have found a way to do so — against the wishes of the Conservative government and despite a court ruling upholding their disenfranchisement.
However, the method costs money, travel, and time, prompting some to argue the rules have effectively made their right to vote subject to financial ability.
“Voting should not be something you must purchase,” said Natalie Chabot Roy, 38, who was raised in northern Ontario but lives in Bonney Lake, Wash.
Earlier this year, the government successfully appealed a court ruling that would have allowed Canadians abroad for more than five years to keep on voting by way of a mailed “”special ballot.”
Nevertheless, at least one enterprising expat has already cast his ballot for the Oct. 19 election under another section of the Canada Elections Act that amounts to a barely accessible backdoor around the ban, and others are considering following suit…
