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How TD Put the “Managed” in ETF Portfolios + MORE Mar 23rd
What Canadian bank was first to launch a line of ETFs? You might think it was BMO, which is by far the biggest bank in the industry today, with more than 70 ETFs and some $37 billion in assets. But in fact it was TD, who were ahead of the curve when they created a small family of ETFs way back in 20.... More »
RECO registrar loses job in wake of iPro Realty scandal - Toronto Star Aug 22nd
RECO registrar loses job in wake of iPro Realty scandal Toronto StarOfficial from Ontario’s real estate regulator leaves post after collapse of iPro Realty The Globe and Mail2.4K Ontario real estate agents out of work after agency ordered to close: RECO Global News.... More »
Markets resume steep drops after Brexit vote shocker + MORE Jun 24th
A sea of red washed over global financial markets on Friday in reaction to Britons' shocking vote to Brexit the European Union, with the British pound down to its lowest point since 1985 and the Canadian dollar lost more than a cent against the U.S. dollar..... More »
Delta Air Lines places firm order for 75 CSeries aircraft + MORE Apr 28th
MONTREAL — Bombardier says Delta Air Lines Inc. has placed a firm order for 75 CS100 aircraft with options for an additional 50 CS100 aircraft in what would be the largest order for the CSeries jets.
The company says, based on the list price, the firm order is valued at approximately US$5.6 billi.... More »
10 podcasts to amp up your investing and financial confidence May 3rd
Q. I’m 30 years old and would like to learn more about saving, budgeting, debt management, mortgages, taxes, investing and basic economics. I prefer podcasts to reading books and newspapers, mainly because I can listen to them on my walks or while exercising. Could you recommend a few that are tar.... More »
The mood is turning sour in Europe’s IPO market
– theglobeandmail.com
In a market that has been eager for new offerings, many launches have struggled to achieve liftoff
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.
Report: US Treasury still approving ‘excessive’ pay raises for top execs at GM, Ally Financial
– canadianbusiness.com
WASHINGTON – The U.S. Treasury Department continued to approve “excessive” pay raises for top executives at General Motors and its former consumer finance arm, both of which received taxpayer-funded bailouts during the financial crisis, a new government report says.
The government watchdog that oversees the $475 billion bailout said Treasury approved cash salaries exceeding $500,000 last year for 16 of the 47 top executives at General Motors Corp. and Ally Financial Inc. Treasury allowed total pay packages, including company stock, of at least $1 million for every top executive at the two companies, according to the report released Wednesday by the special inspector general for the Troubled Asset Relief Program.
It said the government approved $3 million in pay raises, from 4 per cent to 20 per cent, for nine GM executives, most of whom had previously gotten raises several years in a row. The government sold its last shares of GM in December.
“Treasury loosened its own pay restrictions for senior executives at General Motors and Ally Financial year after year, even as taxpayer losses in these companies mounted,” Christy Romero, the special inspector general, said in a statement…
The government watchdog that oversees the $475 billion bailout said Treasury approved cash salaries exceeding $500,000 last year for 16 of the 47 top executives at General Motors Corp. and Ally Financial Inc. Treasury allowed total pay packages, including company stock, of at least $1 million for every top executive at the two companies, according to the report released Wednesday by the special inspector general for the Troubled Asset Relief Program.
It said the government approved $3 million in pay raises, from 4 per cent to 20 per cent, for nine GM executives, most of whom had previously gotten raises several years in a row. The government sold its last shares of GM in December.
“Treasury loosened its own pay restrictions for senior executives at General Motors and Ally Financial year after year, even as taxpayer losses in these companies mounted,” Christy Romero, the special inspector general, said in a statement…
Portugal raises minimum monthly wage to $645, still lowest in Western Europe
– canadianbusiness.com
LISBON, Portugal – Portugal’s government is raising the country’s minimum monthly wage to 505 euros ($645) from 485 euros, though that is still the lowest in Western Europe.
The decision came Wednesday after weeks of negotiations with business leaders and trade unions.
Portugal’s minimum monthly wage, which is subject to income tax of 14.5 per cent, is earned by more than 600,000 mostly blue-collar workers. Many of them are farm labourers or work in cafes, bars, restaurants and hotels.
In the European Union, only countries in Central and Eastern Europe have a lower minimum wage.
To ease the financial burden on companies, which said the hike would discourage hiring, the government lowered companies’ social security contributions on workers’ wages to 23 per cent from 23.75.
The post Portugal raises minimum monthly wage to $645, still lowest in Western Europe appeared first on Canadian Business.
The decision came Wednesday after weeks of negotiations with business leaders and trade unions.
Portugal’s minimum monthly wage, which is subject to income tax of 14.5 per cent, is earned by more than 600,000 mostly blue-collar workers. Many of them are farm labourers or work in cafes, bars, restaurants and hotels.
In the European Union, only countries in Central and Eastern Europe have a lower minimum wage.
To ease the financial burden on companies, which said the hike would discourage hiring, the government lowered companies’ social security contributions on workers’ wages to 23 per cent from 23.75.
The post Portugal raises minimum monthly wage to $645, still lowest in Western Europe appeared first on Canadian Business.
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.
