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Unifor head says pension trade-off needed to secure GM deal - The Globe and Mail + MORE Sep 20th
The Globe and MailUnifor head says pension trade-off needed to secure GM dealThe Globe and MailGiving up a more secure pension scheme to reach a tentative labor deal with General Motors Co was a worthwhile trade-off because workers will benefit from new investment in Canadian plants, the head of the.... More »
Should this DIY investor go all in on this international ETF? May 29th
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I am seriously considering investing in ETFs. Is there a penalty or limit into investing solely on an international ETF such as XAW?—Michael
Exchange-traded funds (ETFs) can be a great investment tool, Michael. There are over 900 ETFs listed on the TSX right now, according to th.... More »
Open up more than the books to your financial adviser + MORE May 7th
Almost everything about your life can influence your financial decisions..... More »
Ontario appoints supervisor to run Conestoga College after audit exposing ‘serious mismanagement’ - Toronto Star May 7th
Ontario appoints supervisor to run Conestoga College after audit exposing ‘serious mismanagement’ Toronto StarOntario appoints administrator to run Conestoga College, citing financial mismanagement The Globe and MailLILLEY: Conestoga board approved John Tibbits’ $3M payou.... More »
The best high-interest savings accounts in Canada for 2024 + MORE May 21st
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A “secret” study carried out by the federal Finance Department says that contrary to popular belief, young Canadians aren’t struggling financially and have more wealth than any previous generation.
China stocks fall as rates rise; Aussie falls while gold rallies
– theglobeandmail.com
China’s stocks slumped by the most in a month, leading a retreat in Asian shares, after money-market rates jumped. The Aussie dollar fell on concern investment is weakening while oil resumed declines and gold advanced
WINNIPEG – The Manitoba legislature resumed for a brief pre-election sitting Wednesday with the troubled NDP government facing accusations that it is hiding bad financial news.
Opposition Leader Brian Pallister demanded the government table a full budget, instead of a planned shorter fiscal update, prior to the April 19 election. He accused Premier Greg Selinger of trying to hide details such as the extent of the deficit before voters go to the polls.
“I’d like the premier to explain to Manitobans why it is that he would hide the facts from Manitobans prior to this upcoming provincial election,” Pallister said in question period.
“Other provinces are all putting budgets forward … yet Manitobans are being kept in the dark by this premier.”
Selinger said the fiscal update planned for March 8 will contain deficit projections for the immediate future as well as revenue estimates and broad spending plans for each department. But the spending plans will be less detailed than in a full budget…
Opposition Leader Brian Pallister demanded the government table a full budget, instead of a planned shorter fiscal update, prior to the April 19 election. He accused Premier Greg Selinger of trying to hide details such as the extent of the deficit before voters go to the polls.
“I’d like the premier to explain to Manitobans why it is that he would hide the facts from Manitobans prior to this upcoming provincial election,” Pallister said in question period.
“Other provinces are all putting budgets forward … yet Manitobans are being kept in the dark by this premier.”
Selinger said the fiscal update planned for March 8 will contain deficit projections for the immediate future as well as revenue estimates and broad spending plans for each department. But the spending plans will be less detailed than in a full budget…
Lawyer: 15-year dispute with Argentina near $5B settlement
– canadianbusiness.com
NEW YORK, N.Y. – A lawyer for large U.S. hedge funds owning Argentine bonds said Wednesday that his clients have nearly settled on a $5 billion deal with Argentina to end a 15-year-old dispute that has interfered with the South American nation’s efforts to end a debt crisis and gain a healthier footing in the world’s financial markets.
Attorney Matthew McGill revealed the status of the negotiations as he told the 2nd U.S. Circuit Court of Appeals in Manhattan that he fears the courts will spoil the deal by too quickly removing orders protecting the bondholders.
“If we have just a little time, we can finish the deals,” he said. “It is so close and it would be such a tragedy if it all vaporized.”
McGill asked the 2nd Circuit to keep in place appeals that prevent lower-court orders from being lifted. But the appeals court dismissed the cases anyway, though with conditions that will ensure parties can appeal any lower-court ruling that results.
McGill said the economic terms of a $5 billion settlement on behalf of NML Capital Ltd…
Attorney Matthew McGill revealed the status of the negotiations as he told the 2nd U.S. Circuit Court of Appeals in Manhattan that he fears the courts will spoil the deal by too quickly removing orders protecting the bondholders.
“If we have just a little time, we can finish the deals,” he said. “It is so close and it would be such a tragedy if it all vaporized.”
McGill asked the 2nd Circuit to keep in place appeals that prevent lower-court orders from being lifted. But the appeals court dismissed the cases anyway, though with conditions that will ensure parties can appeal any lower-court ruling that results.
McGill said the economic terms of a $5 billion settlement on behalf of NML Capital Ltd…
