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Canadians to see lower fees and simpler account transfers + MORE Nov 6th
Ottawa plans to make it easier for Canadians to move their banking and investment accounts in a bid to increase competition and reduce costs for consumers. The government said as part of Tuesday’s federal budget, it will move to eliminate investment and registered account transfer fees, which .... More »
Best robo-advisors in Canada for 2024 Feb 8th
This being 2024, robo-advisors have now been part of Canada’s investment landscape for a decade. They’re not some newfangled fad. They’ve been tested by market cycles as well as competition from even simpler, lower-cost options like all-in-one exchange-traded funds (ETFs). Robos are still incr.... More »
What to do with your raise + MORE Oct 20th
My husband just got a promotion that comes with a $20,000 bump in salary. What should we do with the extra money: Pay the mortgage quicker? Save it in RRSPs and TFSAs? Take a family vacation? Or maybe it should go towards our upcoming $3,000-a- month daycare bill.
—Jennifer, Vancouver
Congratulat.... More »
From the C-suite of Nicky Senyard and Alana Levine: Letting go of money’s power, the worst advice and more + MORE Jul 5th
Even if you don’t recognize the company by name, you’ve likely used Fintel Connect’s services. As a marketing company for the financial industry, it tracks links and applications for things like credit cards, as well as social media and influencer marketing. CEO Nicky Senyard (above, right) fo.... More »
Former PM Mulroney back on Parliament Hill in role as NAFTA broker + MORE Apr 6th
Brian Mulroney was back on Parliament Hill today _ and he’s not mincing words about the challenges Canada faces in renegotiating the North American Free Trade Agreement.
The former prime minister, a personal friend of Donald Trump and for many the grandfather of free trade in North America, ha.... More »
How to invest conservatively without bank GICs
– moneysense.ca
Q: We are maxed out on our RRSPs and TFSAs and our remaining funds are in joint GICs (Guaranteed Investment Certificates). Due to our age, we are risk adverse and like to maintain GICs. However, the bank rates for GICs are relatively low and more importantly, the banks are covered under the Canadian Deposit Insurance Corporation (CDIC) for only $100,000.This means that we have to spread our funds over various institutions – and this is becoming cumbersome.
We recently heard about credit unions covered by the Deposit Guarantee of Manitoba. Their GICs rates are more appealing and their limits are unlimited.
1. How safe or risky are the credit unions covered by the Deposit Guarantee of Manitoba?
2. Are there any other avenues to take?
3. Typically, what do corporations, business and/or private people do with their money if they have large sums of money to invest (more than $100,000)?
–Jack
A: Yours is a good problem to have, Jack. Although having too much money is better than the alternative, it never ceases to amaze me how the wealthy worry about money too – just in a different kind of way…
Mark Zuckerberg and wife Priscilla Chan to donate 99% of Facebook shares to … – CBC.ca
– news.google.ca
CBC.caMark Zuckerberg and wife Priscilla Chan to donate 99% of Facebook shares to …CBC.caFacebook CEO Mark Zuckerberg and his wife said they'll devote nearly all their wealth — roughly $45 billion — to good works in celebration of their new baby daughter, Max. Zuckerberg's wife, Priscilla Chan, gave birth to a healthy daughter last week …Facebook's CEO commits 99 percent of shares to new 'equality' initiativeReuters CanadaZuckerberg pledges 99% of his Facebook shares to charityCTV NewsMark Zuckerberg $45b baby surprise: He's giving away 99pc of his Facebook sharesNew Zealand HeraldUSA TODAY -New York Times -The Guardianall 514 news articles »
Mark Zuckerberg welcomes his daughter, and will devote $45 billion to combat world ills
– canadianbusiness.com
SAN FRANCISCO – Talk about birth announcements: Facebook CEO Mark Zuckerberg and his wife say they’ll devote nearly all their wealth — roughly $45 billion — to solving the world’s problems in celebration of their new baby daughter, Max.
Zuckerberg’s wife, Priscilla Chan, gave birth to a 7-pound, 8-ounce daughter last week. But the couple didn’t put out the news until Tuesday, when Zuckerberg posted it on Facebook, of course.
In the same post, Zuckerberg said he and Chan will, over time, commit 99 per cent of their Facebook stockholdings to such causes as fighting disease, improving education and “building strong communities.” The couple had previously pledged to give away at least half their assets during their lifetime, but hadn’t provided specifics.
They are forming a new organization, called the Chan Zuckerberg Initiative, that will pursue those goals through a combination of charitable donations, private investment and promotion of government-policy reform…
Zuckerberg’s wife, Priscilla Chan, gave birth to a 7-pound, 8-ounce daughter last week. But the couple didn’t put out the news until Tuesday, when Zuckerberg posted it on Facebook, of course.
In the same post, Zuckerberg said he and Chan will, over time, commit 99 per cent of their Facebook stockholdings to such causes as fighting disease, improving education and “building strong communities.” The couple had previously pledged to give away at least half their assets during their lifetime, but hadn’t provided specifics.
They are forming a new organization, called the Chan Zuckerberg Initiative, that will pursue those goals through a combination of charitable donations, private investment and promotion of government-policy reform…
Case launched by Mobilicity’s initial backers clears legal hurdle
– theglobeandmail.com
Federal government expected to file statement of defence in $1.2-billion lawsuit alleging the government offered certain assurances in return for investment
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,636.06, up 166.23 points):
ProMetic Life Sciences Inc. (TSX:PLI). Biotechnology. Down 40 cents, or 11.30 per cent, to $3.14 on 11.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Up 49 cents, or 2.23 per cent, to $22.47 on 6.8 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 20 cents, or 7.09 per cent, to $3.02 on 6.7 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 33 cents, or 3.36 per cent, to $10.16 on 6.1 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up 25 cents, or 5.14 per cent, to $5.11 on 5.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up six cents, or 4.11 per cent, to $1.52 on 5.5 million shares.
Companies reporting major news:
Bank of Montreal (TSX:BMO). Bank. Up $1.11, or 1.44 per cent, to $78.22 on two million shares. BMO reported fourth-quarter net income rose 13 per cent from last year to $1.214 billion, beating analyst estimates and taking the total for the 2015 financial year to $4…
Toronto Stock Exchange (13,636.06, up 166.23 points):
ProMetic Life Sciences Inc. (TSX:PLI). Biotechnology. Down 40 cents, or 11.30 per cent, to $3.14 on 11.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Up 49 cents, or 2.23 per cent, to $22.47 on 6.8 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 20 cents, or 7.09 per cent, to $3.02 on 6.7 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 33 cents, or 3.36 per cent, to $10.16 on 6.1 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up 25 cents, or 5.14 per cent, to $5.11 on 5.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up six cents, or 4.11 per cent, to $1.52 on 5.5 million shares.
Companies reporting major news:
Bank of Montreal (TSX:BMO). Bank. Up $1.11, or 1.44 per cent, to $78.22 on two million shares. BMO reported fourth-quarter net income rose 13 per cent from last year to $1.214 billion, beating analyst estimates and taking the total for the 2015 financial year to $4…
