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Trump Organization CFO Allen Weisselberg reportedly granted immunity - CBC.ca Aug 25th
CBC.caTrump Organization CFO Allen Weisselberg reportedly granted immunityCBC.caFederal prosecutors have granted immunity to the Trump Organization's chief financial officer in an investigation involving U.S. President Donald Trump's former personal lawyer, Michael Cohen, the Wall Street J.... More »
Top financial innovations of the last 25 years + MORE Feb 27th
To mark MoneySense’s 25th anniversary, we dove into the top innovations that have changed personal finance since this magazine was founded in 1999. From new registered accounts and investment products to online services and developments in artificial intelligence, these are some of the biggest.... More »
Canadian pension funds plummet amid global market volatility + MORE Feb 2nd
Funding solvency drops as bond yields fall and investment portfolios post losses
.... More »
Canadians still in the dark about investment fees despite major changes in disclosures + MORE Jan 19th
Despite the introduction of a new report meant to increase fee transparency, surveys show few Canadians feel they grasp the true cost of financial advice
.... More »
Facebook to rebrand as a metaverse company. What is that? - CBC.ca Oct 24th
Facebook to rebrand as a metaverse company. What is that? CBC.caEXPLAINER: What the metaverse is and how it will work Yahoo NewsFacebook Reports Earnings Monday. Snap Earnings Weren't a Great Sign. Barron'sOpinion: A Facebook rebrand could be a huge risk T.... More »
Republican leaders labour for votes to up debt limit, avoid market-shaking government default
– canadianbusiness.com
WASHINGTON – Congressional Republicans say they are short of the votes for raising the debt limit and avoiding a first-ever government default, lacking a plan barely a week from the deadline and creating problems for House Speaker John Boehner and his successor-in-waiting, Rep. Paul Ryan.
GOP leaders are promising to act next week — just days before a Nov. 3 deadline. Increasing the government’s $18.1 trillion borrowing cap so that it can continue to pay its bills in full and on time would reassure nervous financial markets and save the Republican Party from presiding over a default on U.S. obligations.
Treasury Secretary Jacob Lew says that the government’s ability to use accounting steps to pay its bills for veterans, Social Security recipients, federal employees and others will run out early next month.
The post Republican leaders labour for votes to up debt limit, avoid market-shaking government default appeared first on Canadian Business – Your Source For Business News.
GOP leaders are promising to act next week — just days before a Nov. 3 deadline. Increasing the government’s $18.1 trillion borrowing cap so that it can continue to pay its bills in full and on time would reassure nervous financial markets and save the Republican Party from presiding over a default on U.S. obligations.
Treasury Secretary Jacob Lew says that the government’s ability to use accounting steps to pay its bills for veterans, Social Security recipients, federal employees and others will run out early next month.
The post Republican leaders labour for votes to up debt limit, avoid market-shaking government default appeared first on Canadian Business – Your Source For Business News.
(Kevin Van Paassen/Bloomberg/Getty Images)OTTAWA – The Liberal party spent more money than ever before to secure victory in Monday’s election — but it still didn’t come close to the $54 million it could have spent.
Liberal national director Jeremy Broadhurst estimates that the final bill will tally a little more than $40 million.
He suspects the deeper-pocketed Conservatives — who had hoped the longest campaign in modern Canadian history would give them a financial advantage — spent about $50 million.
The length of the 11-week marathon campaign boosted the legal spending limit for each party to an all-time high of $54 million, more than double the limit that would have applied for a more typical five-week race.
Even without spending the maximum, the Liberals borrowed heavily to finance their campaign; but Broadhurst says the party should emerge with, at worst, a small short-term debt after accounting for donations and rebates for election expenses.
He says there’s no way the party could have spent the maximum without jeopardizing its long-term survival…
CI Financial scoops up ETF provider First Asset Capital
– theglobeandmail.com
Deal gives CI access to an ETF platform
After laying off eight per cent of the Twitter workforce in his first weeks as CEO, Jack Dorsey has decided to give a third of his stake in the company back to employees.
Does Apple Pay pose a threat to Canadian banks?
– theglobeandmail.com
Apple Pay is expected to arrive in Canada before end of the year, allowing Canadians to make small purchases up to $100 with their iPhones and delivering Apple as a potential financial rival to the big banks
