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Latest News
Why you didn’t even get a nibble of Beyond Meat’s sizzling IPO May 13th
To get first crack at an initial public offering, you need to be a wealthy investor working with a leading broker at one of the underwriting firms, writes Gordon Pape..... More »
The secret of great investors, be wary of TSX bank stocks, and a way to profit from a housing downturn + MORE May 5th
A roundup of investment ideas for active investors
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Most actively traded companies on the TSX + MORE Oct 26th
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,790.90, down 162.76 points):
Royal Bank of Canada (TSX:RY). Bank. Up eight cents, or 0.11 per cent, to $74.93 on 11.6 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down.... More »
Does buying GICs still make sense after the recent rate cuts? + MORE Oct 2nd
The Bank of Canada (BoC) recently lowered its policy interest rate by another 25 basis points, from 4.50% to 4.25%. It was the central bank’s third consecutive cut, and economists widely expect more cuts before the end of the year.
What does it mean for Canadians as borrowers and savers when in.... More »
Why are stock markets rising? Apr 8th
It’s hard to believe that the first quarter of the year is already finished, but it’s even harder to fathom just how far away the last three months of 2018 now seem. You may have already forgotten, but between October 3 and December 24, global stock markets plummeted, with the S&P 500 fallin.... More »
Citi, JPMorgan, other big banks to pay $1.9B in tentative deal to settle price-fixing case
– canadianbusiness.com
NEW YORK, N.Y. – Twelve major banks have tentatively agreed to pay $1.87 billion to settle allegations that they colluded to fix prices and lock out competitors in the market for insurance-like products widely traded before the financial crisis, according to a lawyer for investors.
The deal, if finalized, would be one of the largest U.S. anti-trust settlements, said Daniel Brockett, a lawyer representing a Los Angeles pension fund among other plaintiffs. He said the final terms need to be hammered out, and a judge would still need to approve the deal.
Bank of America, JPMorgan Chase, Citigroup and other banks met secretly to kill proposals that would put the trading of these insurance-like products onto an exchange through which they could be bought and sold like stocks and their prices made more transparent, according to a complaint filed in U.S District Court in New York. In keeping trading private in a “rigged” market, the banks cheated investors out of billions of dollars, the complaint alleges…
The deal, if finalized, would be one of the largest U.S. anti-trust settlements, said Daniel Brockett, a lawyer representing a Los Angeles pension fund among other plaintiffs. He said the final terms need to be hammered out, and a judge would still need to approve the deal.
Bank of America, JPMorgan Chase, Citigroup and other banks met secretly to kill proposals that would put the trading of these insurance-like products onto an exchange through which they could be bought and sold like stocks and their prices made more transparent, according to a complaint filed in U.S District Court in New York. In keeping trading private in a “rigged” market, the banks cheated investors out of billions of dollars, the complaint alleges…
Socialist Jeremy Corbyn elected U.K. opposition Labour leader
– theglobeandmail.com/globe-investor/personal-finance/rob-carrick/
Karl Marx admirer triumphed on a message of promising to increase government investment though money-printing and renationalizing vast swathes of the economy.
Continue Reading On theglobeandmail.com/globe-investor/personal-finance/rob-carrick/ »
The ETF Volume You Can’t Hear
– CanadianCouchPotato.com
Most investors prefer using ETFs that are bought and sold frequently. Although thinly traded ETFs are not always less liquid, experienced investors will tell you that they do tend to have wider bid-ask spreads. A healthy trading volume also suggests there’s a lot of interest in the ETF, which makes it less likely to be shut down.You can get an idea of an ETF’s trading volume by looking at a quote from your discount brokerage or from free online services such as Google Finance. But you’re probably not getting the whole story: you may be surprised to learn that your ETFs are trading more often than you’ve been led to believe.
Here’s why: when you get a quote from these sources, chances are the data is coming only from the Toronto Stock Exchange. But although the TSX gets all the attention, it’s not the only ETF marketplace in Canada: there are several so-called alternative trading systems (ATS) that match buyers and sellers behind the scenes. These include Alpha, Chi-X, Omega, and many others—even some that aren’t named for a letter in the Greek alphabet…
