How to go about securing the best return for your investment in Canada.
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The MoneySense Find a Qualified Advisor Tool + MORE Nov 6th
Welcome to the MoneySense Find a Qualified Advisor tool. We’ve partnered with the Financial Planning Association of Canada (FPAC) to create a directory of credentialled advisors providing financial planning and investing services across Canada. All of the advisors in our Find a Qualified Advisor t.... More »
Ontario’s OMERS pension plan to buy Kenan bulk-liquid trucking company + MORE Jun 18th
TORONTO – An Ontario public-sector pension fund manager has agreed to buy Ohio-based Kenan Advantage Group, which operates a trucking network that delivers fuel, chemicals and liquid food to about 2,000 customers throughout North America.
OMERS Private Equity didn’t disclose how much it .... More »
10 ways women can grow their wealth + MORE Mar 8th
Women can often have a tougher time than men when it comes to money. That’s not because women are bigger spenders than men or that they simply aren’t interested in building wealth and investing. The truth is, there are real structural roadblocks to attaining financial freedom for women compared.... More »
Gordon Pape is forced to make a 2,300 km road trip back from Florida — and spots an investment opportunity along the way + MORE Apr 8th
Fleeing Florida due to the COVID-19 crisis, the writer is reminded that there is still a vital part of the U.S. economy that isn’t paralyzed..... More »
Yellen reports small dip in assets in 2014 to a range between $4.9 million and $13.4 million + MORE Mar 4th
WASHINGTON – Fed Chair Janet Yellen may have gotten a job promotion last year, but her total assets don’t appear to have gotten a bump.
Yellen’s financial disclosure form for 2014, which was released Tuesday, showed a net worth of between $4.92 million and $13.37 million.
On the hi.... More »
Former oil tycoon Khodorkovsky says he won’t get involved in politics or seek asset returns
– canadianbusiness.com
MOSCOW – Mikhail Khodorkovsky, the onetime Russian oil tycoon who was imprisoned for a decade in a politically tinged case, says he doesn’t intend to get involved in politics now that he’s been pardoned and released.
President Vladimir Putin pardoned Khodorkovsky on Friday, and hours later he flew on a private jet to Berlin.
Khodorkovsky had been imprisoned for tax evasion and money-laundering. The cases were widely criticized as political revenge, for Khodorkovsky had challenged Putin’s dominance by funding opposition parties. He was also believed to have personal political ambitions.
In an interview published Sunday on the website of the Russian newspaper Novoye Vremya, Khodorkovsky is quoted as saying in his pardon application he said he did not intend to get involved in politics or seek the return of the assets of his dismantled Yukos oil company.
However, Khodorkovsky was quoted as telling reporters in Berlin on Sunday that he does intend to continue appealing his convictions…
President Vladimir Putin pardoned Khodorkovsky on Friday, and hours later he flew on a private jet to Berlin.
Khodorkovsky had been imprisoned for tax evasion and money-laundering. The cases were widely criticized as political revenge, for Khodorkovsky had challenged Putin’s dominance by funding opposition parties. He was also believed to have personal political ambitions.
In an interview published Sunday on the website of the Russian newspaper Novoye Vremya, Khodorkovsky is quoted as saying in his pardon application he said he did not intend to get involved in politics or seek the return of the assets of his dismantled Yukos oil company.
However, Khodorkovsky was quoted as telling reporters in Berlin on Sunday that he does intend to continue appealing his convictions…
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-10-17. Click on the link above to get more details or apply online.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
5.5 year – 2.35%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-11-09. Click on the link above to get more details or apply online.
Traders set for quiet Christmas trading amid latest economic growth data
– canadianbusiness.com
TORONTO – Stock markets are set to go into the year’s second-last week of trading on an up note. And if past years are any indication it will be a quiet week for investors with the TSX closed both Christmas Day and Boxing Day while New York is shuttered just for Dec. 25.
“(There will be ) very low volume because a lot of people are obviously away; you have holidays so it’s typically a very slow period,” said Bob Gorman, chief portfolio strategist at TD Waterhouse.
“What that can mean is, in the unlikely event you have significant news, the thin volume can exacerbate that movements to the up and down side but typically you don’t have much news either.”
Traders have two significant tailwinds after the Federal Reserve last week ended months of speculation by announcing it will start to cut back on asset purchases by US$10 billion to US$75 billion a month.
The U.S. central bank also went out of its way to reassure markets, saying short-term rates aren’t going up from near zero any time soon…
“(There will be ) very low volume because a lot of people are obviously away; you have holidays so it’s typically a very slow period,” said Bob Gorman, chief portfolio strategist at TD Waterhouse.
“What that can mean is, in the unlikely event you have significant news, the thin volume can exacerbate that movements to the up and down side but typically you don’t have much news either.”
Traders have two significant tailwinds after the Federal Reserve last week ended months of speculation by announcing it will start to cut back on asset purchases by US$10 billion to US$75 billion a month.
The U.S. central bank also went out of its way to reassure markets, saying short-term rates aren’t going up from near zero any time soon…
