All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
This is what Toronto's downtown looked like during an electrical fire - CBC.ca + MORE May 2nd
CBC.caThis is what Toronto's downtown looked like during an electrical fireCBC.caThe subway grates rattled and the sky filled with black, brown and purple smoke as a series of explosions shook King Street West Monday afternoon. Explosion. Crews were able to contain the fire within about an hour.... More »
What’s the best way to get relief from car payments during COVID-19? + MORE May 11th
Q. Is there a way to suspend my car payments during COVID-19?
–Mandy
A. During this time of financial difficulty for so many Canadians, automakers are offering payment holidays up to three months, in many cases with no strings attached and no extra interest.
Upon receipt of evidence that you suffe.... More »
Huawei's Meng Wanzhou appears in Vancouver court for bail adjustment hearing Jan 29th
A day after the U.S. Department of Justice announced a formal request for her extradition, the chief financial officer of telecommunications giant Huawei appeared in B.C. Supreme Court for a bail adjustment hearing..... More »
Asian stocks lower, except for Tokyo, on Yellen speech + MORE Aug 29th
TOKYO – Most Asian stocks slipped Monday on remarks from the U.S. Federal Reserve late last week that the case has strengthened for raising interest rates, but the Tokyo market was an exception and gained on prospects for a strong dollar.
KEEPING SCORE: Japan’s benchmark Nikkei 225 added.... More »
RESP advice for Canadian citizens living in the U.S. Jun 16th
Q. I opened a RESP account while I was living in Canada, as a Canadian citizen. A few years back, we moved to the U.S., where my kids are going to college and university. I still have an active RESP account and make regular monthly contributions.
We file our tax returns in the U.S. only, since we de.... More »
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Welcome to Canada, Burger King
– macleans.ca
WASHINGTON – Canada’s industry minister told an American audience on Wednesday that the Burger King file has landed on his desk, and he expects it to be processed within a few weeks.
James Moore said he received the formal application late last week for a foreign-investment review of Burger King’s US$11billion takeover of Tim Hortons.
He made that announcement during a luncheon speech in the U.S. capital, where the fast-food giant’s impending move to Canada has prompted expressions of angst over the competitiveness of the American tax code.
Moore said the blockbuster deal didn’t strike him as particularly complicated, as there’s no national-security element and no state-owned enterprise involved, as in the lengthy oilsands saga involving China’s state-owned CNOOC Ltd.
He said he didn’t want to prejudge the outcome of his review. At the same time, he used the takeover to promote Canada as a business-friendly environment. On the off chance that the point had been lost on anyone in the audience there was a, “Canada Open For Business,” sign under the podium…
James Moore said he received the formal application late last week for a foreign-investment review of Burger King’s US$11billion takeover of Tim Hortons.
He made that announcement during a luncheon speech in the U.S. capital, where the fast-food giant’s impending move to Canada has prompted expressions of angst over the competitiveness of the American tax code.
Moore said the blockbuster deal didn’t strike him as particularly complicated, as there’s no national-security element and no state-owned enterprise involved, as in the lengthy oilsands saga involving China’s state-owned CNOOC Ltd.
He said he didn’t want to prejudge the outcome of his review. At the same time, he used the takeover to promote Canada as a business-friendly environment. On the off chance that the point had been lost on anyone in the audience there was a, “Canada Open For Business,” sign under the podium…
Credit-easing steps taken by the world’s central banks, at a glance
– canadianbusiness.com
On Wednesday, the Federal Reserve signalled that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar.
It said it intends to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market. The Fed reiterated that it plans to keep short-term rates low “for a considerable time” after it ends its monthly bond purchases in November.
Earlier in the day, investors were cheered by news reports that China’s central bank would inject a total of 500 billion yuan ($81 billion) into the five biggest state banks over three months. Additional financial system liquidity would build on measures to strengthen growth amid a bout of weak economic data. There was no official confirmation of the reports.
Here are steps that major central banks around the world have taken to try to bolster their economies:
— FEDERAL RESERVE
Interest rates: The Fed plans to keep its key short-term rate at a record low…
It said it intends to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market. The Fed reiterated that it plans to keep short-term rates low “for a considerable time” after it ends its monthly bond purchases in November.
Earlier in the day, investors were cheered by news reports that China’s central bank would inject a total of 500 billion yuan ($81 billion) into the five biggest state banks over three months. Additional financial system liquidity would build on measures to strengthen growth amid a bout of weak economic data. There was no official confirmation of the reports.
Here are steps that major central banks around the world have taken to try to bolster their economies:
— FEDERAL RESERVE
Interest rates: The Fed plans to keep its key short-term rate at a record low…
FedEx stock jumps as profit up 24%
– cbc.ca
FedEx earned $606 million US in its first fiscal quarter, a 24 per cent increase from last year as shipping volumes continue to rise and the company reduced its stock repurchases.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
