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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Where are Nvidia’s chips made? Apr 15th
Nvidia announced Monday that it will produce its artificial intelligence (AI) super computers in the United States for the first time.
AP Photo
The tech giant said it has commissioned more than one million square feet of manufacturing space to build and test its specialized Blackwell chips in .... More »
Benefits, fees, hidden perks: Choosing the right credit card for your lifestyle Mar 5th
Critical to building a credit history, credit cards are a rite of passage into financial adulthood.
Even if you’re debt-phobic or have heard too many horror stories of people maxing out their cards, you can’t skip this step.
Cindy Marques, certified financial planner and director at Open A.... More »
Is Toronto’s housing market decline for real? + MORE Jun 7th
(Mark Sommerfeld/Bloomberg/Getty Images)
It’s official: after a long period of extraordinary home sales and home price growth, the Toronto Real Estate Board (TREB) reported that the Greater Toronto Area’s housing market posted the first set of this year’s declines in May for a market that’s .... More »
The best high-interest savings accounts in Canada for 2026 + MORE Mar 16th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Innovative Devices are Transforming a Regular Day’s Work in the Financial Services Industry Dec 23rd
When COVID-19 hit, the pace of digital adoption within the financial services industry was accelerated practically overnight. Employees needed a way to stay connected and productive away from the office and turned to the latest digital tools and technologies to make this a reality. Now, there’s no.... More »
Chinese investment company to buy oil fields in Texas for $1.3 billion
– canadianbusiness.com
BEIJING, China – A Chinese investment holding company said it has signed a letter of intent to purchase oil fields in Texas for 8.3 billion yuan ($1.3 billion) through a limited liability partnership.
In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co. Ltd. said the oil fields in Howard and Borden counties would be bought from Tall City Exploration and Plymouth Petroleum, two Nevada-based companies.
In the Saturday filing, Yantai Xinchao said it signed a letter of intent Friday with Ningbo Dingliang Huitong Equity Investment Center, a limited liability partnership, and its seven shareholders to buy the oil fields through a Ningbo Dingliang subsidiary, Moss Creek Resources LLC.
It said the transaction has been approved by the Committee on Foreign Investment in the United States.
The post Chinese investment company to buy oil fields in Texas for $1.3 billion appeared first on Canadian Business – Your Source For Business News.
In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co. Ltd. said the oil fields in Howard and Borden counties would be bought from Tall City Exploration and Plymouth Petroleum, two Nevada-based companies.
In the Saturday filing, Yantai Xinchao said it signed a letter of intent Friday with Ningbo Dingliang Huitong Equity Investment Center, a limited liability partnership, and its seven shareholders to buy the oil fields through a Ningbo Dingliang subsidiary, Moss Creek Resources LLC.
It said the transaction has been approved by the Committee on Foreign Investment in the United States.
The post Chinese investment company to buy oil fields in Texas for $1.3 billion appeared first on Canadian Business – Your Source For Business News.
VW board, management tasked with cleanup are same team that presided over emissions scandal
– canadianbusiness.com
WOLFSBURG, Germany – Volkswagen’s effort to fix its emissions scandal will be largely led by company insiders. Some experts say it’s the only way, given the German carmaker’s unusually complicated structure and power groups.
Others, however, argue the company is just compounding its risks if it does not bring an outsider to change its ways.
Volkswagen has named a new CEO and chairman since the scandal became known Sept. 18. Both are longtime employees.
The effort to find the guilty and prevent a recurrence is in the hands of new CEO Matthias Mueller, who has been with the group for almost three decades. Mueller, who previously led Volkswagen’s highly profitable Porsche brand, took over when Martin Winterkorn resigned.
The new board chairman, Hans Dieter Poetsch, had been chief financial officer since 2003. There’s no indication he knew about the decision to cheat on the U.S. diesel emissions tests with software installed in engines. But he was a member of the top management team in place when the cheating took place, a group of executives that hasn’t yet been formally cleared of involvement…
Others, however, argue the company is just compounding its risks if it does not bring an outsider to change its ways.
Volkswagen has named a new CEO and chairman since the scandal became known Sept. 18. Both are longtime employees.
The effort to find the guilty and prevent a recurrence is in the hands of new CEO Matthias Mueller, who has been with the group for almost three decades. Mueller, who previously led Volkswagen’s highly profitable Porsche brand, took over when Martin Winterkorn resigned.
The new board chairman, Hans Dieter Poetsch, had been chief financial officer since 2003. There’s no indication he knew about the decision to cheat on the U.S. diesel emissions tests with software installed in engines. But he was a member of the top management team in place when the cheating took place, a group of executives that hasn’t yet been formally cleared of involvement…
