Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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Find out if you should go robo + MORE May 19th
(Illustration by Raymond Biesinger)
There’s a new way of managing your money that’s beginning to shake up the investment world. Online portfolio managers—better known as “robo-advisors”—are designed for today’s digital world and provide you with a professionally managed portfolio at lo.... More »
Texas man who possessed 7 per cent of all bitcoins pleads guilty in NY to securities fraud + MORE Sep 22nd
NEW YORK, N.Y. – A man involved in what federal authorities have described as the first bitcoin securities fraud case pleaded guilty on Monday.
Trendon Shavers, of McKinney, Texas, pleaded guilty in New York to a count of securities fraud on his 33rd birthday. He told U.S. Magistrate Judge Sar.... More »
The 16 best credit cards in Canada for August 2023 + MORE Aug 16th
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The 16 best credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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The best banks in Canada Oct 17th
Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of per.... More »
Would You Buy A House With a Credit Card? Oct 20th
According to data from the National Association of Realtors, an overwhelming majority of homebuyers search for properties online and then purchase their home through a real estate agent.
But, if real estate search site BuzzBuzzHome has its way, that’s about to change.
For the past few years, the .... More »
Chinese regulators blame trading frenzy that roiled stock markets on computer design error
– canadianbusiness.com
BEIJING, China – A trading frenzy that caused Chinese stock prices to swing wildly last week was caused by a design flaw in a brokerage’s computer, the market regulator said Sunday.
The avalanche of orders Friday from Everbright Securities Ltd. caused China’s main market index to surge nearly 6 per cent in 3 minutes before it dropped back. It ended the day down 0.6 per cent.
The China Securities Regulatory Commission said its investigators concluded the buying frenzy was not the result of human error. It said Everbright’s computer system had design flaws in systems that should limit orders and prices.
A statement on the agency’s website gave no indication whether Everbright might face penalties.
Everbright’s orders caused trading volume to spike up more than 50 per cent above Thursday’s level. Prices of major companies such as PetroChina Ltd. and state-owned banks surged by their maximum daily limit of 10 per cent before falling back.
Everbright’s orders totalled 23…
The avalanche of orders Friday from Everbright Securities Ltd. caused China’s main market index to surge nearly 6 per cent in 3 minutes before it dropped back. It ended the day down 0.6 per cent.
The China Securities Regulatory Commission said its investigators concluded the buying frenzy was not the result of human error. It said Everbright’s computer system had design flaws in systems that should limit orders and prices.
A statement on the agency’s website gave no indication whether Everbright might face penalties.
Everbright’s orders caused trading volume to spike up more than 50 per cent above Thursday’s level. Prices of major companies such as PetroChina Ltd. and state-owned banks surged by their maximum daily limit of 10 per cent before falling back.
Everbright’s orders totalled 23…
Billions in the balance, creditors opposing Detroit bankruptcy face deadline to log objections
– canadianbusiness.com
DETROIT – Banks, bond insurers, employee pension systems and others standing to lose big if a federal judge declares Detroit insolvent are expected to legally file their objections to the largest municipal bankruptcy in U.S. history.
Monday is the deadline for creditors to file eligibility objections to Detroit’s bankruptcy petition — marking the beginning of legal challenges for those hoping to recoup all or most of what Detroit owes them.
The deadline is just one of several steps that could lead to federal Judge Steven Rhodes allowing Detroit into bankruptcy protection while it restructures. Conversely, it also could spell disaster for the struggling city if its petition is denied, allowing creditors to sue Detroit if it defaults on payments, said bankruptcy expert Doug Bernstein.
State-appointed emergency manager Kevyn Orr filed for bankruptcy July 18. He claims the city has at least $18 billion in liabilities, from underfunded pensions and health care costs to bonds that lack city revenue to be paid off…
Monday is the deadline for creditors to file eligibility objections to Detroit’s bankruptcy petition — marking the beginning of legal challenges for those hoping to recoup all or most of what Detroit owes them.
The deadline is just one of several steps that could lead to federal Judge Steven Rhodes allowing Detroit into bankruptcy protection while it restructures. Conversely, it also could spell disaster for the struggling city if its petition is denied, allowing creditors to sue Detroit if it defaults on payments, said bankruptcy expert Doug Bernstein.
State-appointed emergency manager Kevyn Orr filed for bankruptcy July 18. He claims the city has at least $18 billion in liabilities, from underfunded pensions and health care costs to bonds that lack city revenue to be paid off…
Billions in the balance, creditors opposing Detroit bankruptcy face deadline to log objections
– macleans.ca
DETROIT – Banks, bond insurers, employee pension systems and others who believe they are…
