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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How to switch out of high-fee funds + MORE Dec 8th
Q: I’ve been investing for years with a financial advisor I really like. I have about $200,000 in high-fee A-series mutual funds and I would like to switch into low-fee ETFs, but my advisor doesn’t deal with ETF portfolios. How can I change my investment strategy without causing any hard feelin.... More »
Alexei Navalny's wife detained by police at anti-Kremlin protest in Moscow - CBC.ca Jan 23rd
Alexei Navalny's wife detained by police at anti-Kremlin protest in Moscow CBC.caRussia arrests 350 protesters demanding Navalny's release CTV NewsAlexei Navalny releases investigation into Vladimir Putin's wealth Guardian NewsBiden’s predecessors emboldened Putin..... More »
Can you use the FHSA and HBP together? + MORE Aug 15th
If you’ve been saving up to buy your first home, you’ve probably looked into the most effective ways to invest your money and come up with a solid down payment. You may also have explored programs for first-time home buyers—after all, every little bit helps, especially in a challenging housing.... More »
Horizons Swap ETFs: The Next Generation Sep 6th
It’s been a stressful few months for investors using the popular swap-based ETFs from Horizons. These funds have been available since 2011 and have attracted some $5.3 billion in assets because of their innovative, tax-efficient structure. But when the federal government released its budget in Mar.... More »
EU says China needs to give EU companies fair market access + MORE Jul 11th
BEIJING, China – The EU trade commissioner said Monday that China has to give European companies the same kind of market access that Chinese companies enjoy in Europe before discussions can start on a bilateral free trade agreement.
Cecilia Malmstrom said market access and other issues need to.... More »
Teen retailer Aeropostale says it’s cutting costs and jobs amid a yearslong sales slump
– canadianbusiness.com
NEW YORK, N.Y. – Teen retailer Aeropostale says it’s cutting costs and jobs amid a yearslong sales slump.
The New York company said Tuesday it expects to cut expenses by $35 million to $40 million a year starting in fiscal 2016 and will slash its corporate staff by 13 per cent, or 100 jobs, by the end of January.
CEO Julian Geiger is also giving back 1 million stock options so Aeropostale can give them to other employees in an effort to keep them with the company.
“Fast fashion” outfits like H&M and Forever 21 have become more popular with teens than stores like Aeropostale, Abercrombie & Fitch and American Eagle Outfitters.
Aeropostale’s shares have lost 92 per cent of their value in the past 12 months and the stock hasn’t touched above $1 since September.
The post Teen retailer Aeropostale says it’s cutting costs and jobs amid a yearslong sales slump appeared first on Canadian Business – Your Source For Business News.
The New York company said Tuesday it expects to cut expenses by $35 million to $40 million a year starting in fiscal 2016 and will slash its corporate staff by 13 per cent, or 100 jobs, by the end of January.
CEO Julian Geiger is also giving back 1 million stock options so Aeropostale can give them to other employees in an effort to keep them with the company.
“Fast fashion” outfits like H&M and Forever 21 have become more popular with teens than stores like Aeropostale, Abercrombie & Fitch and American Eagle Outfitters.
Aeropostale’s shares have lost 92 per cent of their value in the past 12 months and the stock hasn’t touched above $1 since September.
The post Teen retailer Aeropostale says it’s cutting costs and jobs amid a yearslong sales slump appeared first on Canadian Business – Your Source For Business News.
Rachel Notley on Kevin O’Leary’s attacks: ‘Bring it on’
– macleans.ca
EDMONTON – Alberta Premier Rachel Notley is firing back at celebrity financial guru Kevin O’Leary.
O’Leary, formerly of CBC-TV’s “Dragon’s Den,” has said he is so concerned about what Notley’s NDP government is doing to Alberta’s economy, he’ll invest $1 million in the oilpatch if she’ll quit.
Notley says the last time businessmen spoke out against her she became premier.
She was referring to five Alberta corporate leaders with ties to the Progressive Conservatives who held a news conference just before last May’s provincial election.
The five, whom Notley nicknamed “The Monopoly Men,” warned against voting for the NDP and complained that businesses always get the short end of the tax stick.
Notley says if O’Leary wants to attack her the same way, she has one response: “Bring it on.”
The post Rachel Notley on Kevin O’Leary’s attacks: ‘Bring it on’ appeared first on Macleans…
O’Leary, formerly of CBC-TV’s “Dragon’s Den,” has said he is so concerned about what Notley’s NDP government is doing to Alberta’s economy, he’ll invest $1 million in the oilpatch if she’ll quit.
Notley says the last time businessmen spoke out against her she became premier.
She was referring to five Alberta corporate leaders with ties to the Progressive Conservatives who held a news conference just before last May’s provincial election.
The five, whom Notley nicknamed “The Monopoly Men,” warned against voting for the NDP and complained that businesses always get the short end of the tax stick.
Notley says if O’Leary wants to attack her the same way, she has one response: “Bring it on.”
The post Rachel Notley on Kevin O’Leary’s attacks: ‘Bring it on’ appeared first on Macleans…
The Royal Canadian Mint is ending its experiment with digital payments, selling off its MintChip platform to Toronto-based financial startup nanoPay.
Why you should pay for insurance annually
– moneysense.ca
Almost everyone pays their insurance premiums monthly, but according to Chad Larmond of Larmond Risk Management Insurance, that’s not wise. “By paying annually, you will save 7% to 9%,” he says. There are three things working against you when you pay monthly. First, there is an administrative cost to process your premiums. Second, insurance companies charge you for the time they have to wait to get your money. Third, it’s an opportunity for insurance companies to profit from people’s aversion to paying premiums: People will happily pay more for the appearance of keeping their payments low. So if you’ve got the cash on hand, phone up your insurance provider and ask to pay your premiums annually. You can go out for a nice meal with the money you saved.
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Acasti Pharma posts loss of $1.7 million in third quarter
– canadianbusiness.com
LAVAL, Que. – LAVAL, Quebec (AP) _ Acasti Pharma Inc. (ACST) on Tuesday reported a fiscal third-quarter loss of $1.7 million, after reporting a profit in the same period a year earlier.
The Laval, Quebec-based company said it had a loss of 16 cents per share.
The biopharmaceutical company posted revenue of $4,000 in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $1.76. A year ago, they were trading at $5.60.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACST at http://www.zacks.com/ap/ACST
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Keywords: Acasti Pharma, Earnings Report
The post Acasti Pharma posts loss of $1.7 million in third quarter appeared first on Canadian Business – Your Source For Business News.
The Laval, Quebec-based company said it had a loss of 16 cents per share.
The biopharmaceutical company posted revenue of $4,000 in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $1.76. A year ago, they were trading at $5.60.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACST at http://www.zacks.com/ap/ACST
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Keywords: Acasti Pharma, Earnings Report
The post Acasti Pharma posts loss of $1.7 million in third quarter appeared first on Canadian Business – Your Source For Business News.
