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Do you need a planner if you’re a DIY investor? May 21st
In today’s digital age, there’s an increasing number of Canadians who choose do-it-yourself investing. Online brokerages and low-cost trading platforms allowed for a new style of investing to emerge: a new generation of DIYers. We’ve seen a shift in the financial planning industry. Well, self-.... More »
TDSB announces new CEO and new chief financial officer under new governance structure + MORE May 22nd
Camillo Cipriano, the director at the Niagara Catholic board for six years, will take the reins of the country's largest school board on June 8..... More »
Tesla's Q1 net income down 55% year over year - CBC News + MORE Apr 23rd
Tesla's Q1 net income down 55% year over year CBC NewsTesla shares jump 11% after Musk says company aims to start production of affordable new EV by early 2025 CNBCTesla's shift on low-cost cars throws Mexico, India factory plans into limbo Yahoo Canada FinanceTesla .... More »
Sluggish exports continue to confound, says Bank of Canada governor + MORE Oct 9th
WASHINGTON – The perplexingly persistent sluggishness of exports has slowed Canada’s adjustment to low oil prices, the country’s central banker said Saturday.
The problem continues to confound, Stephen Poloz said.
Canada is relying on an anticipated jump in non-commodity exports, a.... More »
Can you decline or step down as power of attorney in Canada? + MORE Mar 10th
Ask MoneySense
We would like to appoint another power of attorney for my uncle. It is too stressful for me to continue to act due to circumstances. How much does it cost if I was to seek someone out from a bank? This is for property and financial matters only.
—Kate
Power of attorney.... More »
4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
ICBC, Bank of China post higher profits on higher loan, fee income even as No. 2 economy slows
– canadianbusiness.com
HONG KONG – Two of China’s major state-owned banks posted higher half-year profits Thursday even as the world’s No. 2 economy slows and authorities seek to cool a credit boom.
Industrial & Commercial Bank of China, the country’s biggest state-owned lender and one of the world’s biggest banks, said that January-June profit rose 12.4 per cent to 138.5 billion yuan ($22.6 billion). Bank of China said its profit grew nearly 13 per cent to 80.7 billion yuan ($13 billion).
Both banks posted higher earnings from loans and fees in the first half of the year compared with the same period in 2012.
ICBC said net interest income climbed 11 per cent to 137.3 billion yuan while fee and commission income rose by a third to 45.5 billion yuan.
Bank of China said net interest income rose 11 per cent to 137.3 billion yuan while fees and commissions rose by a third to 45.5 billion yuan. Controls on deposit and lending rates have traditionally guaranteed bumper profits for state-owned banks…
Industrial & Commercial Bank of China, the country’s biggest state-owned lender and one of the world’s biggest banks, said that January-June profit rose 12.4 per cent to 138.5 billion yuan ($22.6 billion). Bank of China said its profit grew nearly 13 per cent to 80.7 billion yuan ($13 billion).
Both banks posted higher earnings from loans and fees in the first half of the year compared with the same period in 2012.
ICBC said net interest income climbed 11 per cent to 137.3 billion yuan while fee and commission income rose by a third to 45.5 billion yuan.
Bank of China said net interest income rose 11 per cent to 137.3 billion yuan while fees and commissions rose by a third to 45.5 billion yuan. Controls on deposit and lending rates have traditionally guaranteed bumper profits for state-owned banks…
Co-operative bank reports after-tax loss of $1.2 billion
– canadianbusiness.com
LONDON – Co-operative Bank reported a net loss of 781.5 million pounds ($1.2 billion) for the first half versus a 45.3 million pounds loss a year earlier as it struggles to rectify problems arising from the financial crisis.
The bank — a part of Britain largest mutual business — wrote off 496 million pounds in bad loans taken on in the 2009 acquisition of Britannia Building Society.
In its statement Thursday, the bank claimed it was turning things around. A rescue plan has been announced, with parent Co-Op Group pledging to fill a 1.5 billion pound ($2.3 billion) hole in the balance sheet by converting bonds into shares.
Moody’s has downgraded the bank’s debt and deposit ratings to junk status, arguing that Co-op failed to assess the losses from the Britannia portfolio.
The post Co-operative bank reports after-tax loss of $1.2 billion appeared first on Canadian Business.
The bank — a part of Britain largest mutual business — wrote off 496 million pounds in bad loans taken on in the 2009 acquisition of Britannia Building Society.
In its statement Thursday, the bank claimed it was turning things around. A rescue plan has been announced, with parent Co-Op Group pledging to fill a 1.5 billion pound ($2.3 billion) hole in the balance sheet by converting bonds into shares.
Moody’s has downgraded the bank’s debt and deposit ratings to junk status, arguing that Co-op failed to assess the losses from the Britannia portfolio.
The post Co-operative bank reports after-tax loss of $1.2 billion appeared first on Canadian Business.
RBC posts record profit of $2.3-billion, hikes dividend
– theglobeandmail.com
Latest quarter marks second time this year bank’s profit has topped $2-billion
Association expects downturn in aquaculture output in Newfoundland
– canadianbusiness.com
ST. JOHN’S, N.L. – The head of the Newfoundland Aquaculture Industry Association says a move by Gray Aquaculture to file for bankruptcy protection is indicative of a slight downturn in the industry.
However, Cyr Couturier says he’s confident the overall industry will remain strong in the province.
Couturier says Gray represents about 10 to 15 per cent of the province’s overall salmon production.
The company took a financial hit after a number of recent cases of Infectious Salmon Anemia forced it to destroy its stocks.
Couturier says there will be a downturn in the overall output of farmed salmon this year and next.
He says production this year should be in the range of 20 to 25 thousand tonnes.
(VOCM)
The post Association expects downturn in aquaculture output in Newfoundland appeared first on Canadian Business.
However, Cyr Couturier says he’s confident the overall industry will remain strong in the province.
Couturier says Gray represents about 10 to 15 per cent of the province’s overall salmon production.
The company took a financial hit after a number of recent cases of Infectious Salmon Anemia forced it to destroy its stocks.
Couturier says there will be a downturn in the overall output of farmed salmon this year and next.
He says production this year should be in the range of 20 to 25 thousand tonnes.
(VOCM)
The post Association expects downturn in aquaculture output in Newfoundland appeared first on Canadian Business.
