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3 sectors to consider investing in when the stock market is volatile May 3rd
If you’re retired or nearing retirement, or you’re a younger investor who wants stability in your portfolio, where should you consider investing when financial markets are suffering? Three sectors stand out for their relative stability in tough times: health care, utilities and brand leaders. He.... More »
Can Questrade really save you 30%? Dec 9th
Questrade’s latest marketing campaign is turning a lot of heads, not for their design, but for the blunt questions they’re asking. “Are mutual funds costing you 30% of your retirement?” screams one of the ads. “Why do Canadians pay the highest mutual fund fees in the world?” shouts anoth.... More »
CPPIB in deal to buy half of Hotelbeds Group + MORE Apr 29th
The Canada Pension Plan Investment Board and European private equity firm Cinven have signed a deal to buy travel services company Hotelbeds Group in a deal valued at 1.165 billion euros, or roughly $1.65 billion Cdn..... More »
Stock news for investors: RBI earnings rise as Tim Hortons and international growth boost results + MORE Nov 1st
Here’s a round-up of news for Canadian investors this week.
Restaurant Brands International
Parkland
Wealthsimple
Cameco
Algoma
Corus
Spin Master
Featured RRSP Accounts
featured
EQ Bank
.... More »
Downsizing vs reverse mortgage: which option is right for you? Feb 2nd
For many Canadians approaching retirement, their home is by far their largest asset. With detached homes in major cities selling for well above $1 million, it’s not surprising that owners expect to tap into that equity to help fund their golden years, prompting the common refrain: “My home is my.... More »
James Moore. (Adrian Wyld, The Canadian Press)PRINCE GEORGE, B.C. — Former federal Conservative party cabinet minister James Moore has been named chancellor of the University of Northern B.C.
Moore becomes the sixth chancellor at UNBC and will be sworn in during the convocation ceremony in Prince George next May.
The 39-year-old former politician who held senior positions such as industry minister did not stand for re-election in October after representing his Metro Vancouver riding for 15 years.
Moore was elected in 2000, at the age of 24, becoming the youngest MP in B.C.’s history, and his election came even before his 2001 graduation from UNBC with a bachelor’s degree in political science.
Earlier this month, Dentons, a law firm with offices around the world, said Moore would join its Vancouver office as senior business adviser.
Moore did not rule out a return to politics when he announced his political retirement in June, and he has long been rumoured to have leadership aspirations…
AIMCo helps secure more than US$200M on behalf of investors in MF Global case
– canadianbusiness.com
EDMONTON – Alberta Investment Management Corp. and the Virginia Retirement System say they have recovered US$204.4 million on behalf of investors in MF Global, the now defunct brokerage firm.
The Alberta pension manager and Virginia were the co-lead plaintiffs in a class action lawsuit against the firm, which failed in 2011 after making bad bets on European bonds.
AIMCo said in a statement that the money recovered includes several partial settlements, including a US$64.5-million agreement resolving claims against former officers and directors of MF Global, including former chief executive Jon Corzine.
Certain underwriter defendants, led by Goldman Sachs, also settled for US$74.93 million and AIMCo and Virginia reached a US$65-million settlement with MF Global’s outside auditor, PricewaterhouseCoopers LLP.
Litigation continues against the remaining underwriters, led by Jefferies LLC.
When MF Global Holdings collapsed, more than US$1 billion in customer money was discovered to be missing…
The Alberta pension manager and Virginia were the co-lead plaintiffs in a class action lawsuit against the firm, which failed in 2011 after making bad bets on European bonds.
AIMCo said in a statement that the money recovered includes several partial settlements, including a US$64.5-million agreement resolving claims against former officers and directors of MF Global, including former chief executive Jon Corzine.
Certain underwriter defendants, led by Goldman Sachs, also settled for US$74.93 million and AIMCo and Virginia reached a US$65-million settlement with MF Global’s outside auditor, PricewaterhouseCoopers LLP.
Litigation continues against the remaining underwriters, led by Jefferies LLC.
When MF Global Holdings collapsed, more than US$1 billion in customer money was discovered to be missing…
