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Meet the Advisors Who Are Expanding Wealth and Enhancing Legacy Planning Jun 13th
Established families and business leaders trust the boutique wealth advisory firm to multiply wealth and maximize estate value. Leveraging innovative and sophisticated financial strategies, they’re creating monumental financial impact.
Movsessian and Kachani speak about establishing the f.... More »
Before the Bell: Stocks set to surge, volatility reigns + MORE Sep 8th
Our equities analyst looks ahead to the investment day
.... More »
Iran conflict latest: IEA warns of "very severe" oil crisis sparked by war - Investing.com + MORE Mar 23rd
Iran conflict latest: IEA warns of "very severe" oil crisis sparked by war Investing.comMore than 40 Middle East energy assets ‘severely damaged,’ IEA chief says CNBCIran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, says IEA chief | First Thi.... More »
Young Canadians sue CPP Investments over climate risks + MORE Oct 30th
Canada’s largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk.
The four allege in a lawsuit filed in the Ontario Superior Court of Justice on Monday that the investment manager for the Canada .... More »
The best GIC rates in Canada for 2026 Jul 21st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
TSX in correction territory with 343-point slide
– moneysense.ca
Creative Commons/401(K) 2012TORONTO – The Toronto stock market hit correction territory Wednesday, losing almost 350 points in the worst one-day sell-off since June 2013 amid a further plunge in energy stocks.
The S&P/TSX composite index tumbled 342.78 points to 13,852.95, led by a drop of 5.5 per cent in the energy group after the OPEC cartel cut its forecast for 2015 world demand for its oil.
It also said supplies from non-OPEC countries will rise more than forecast next year.
The TSX is down 12 per cent from 2014 highs racked up in mid-summer and now is a bare 230 points or 1.7 per cent above where it started the year.
A drop of 10 per cent or more from recent highs is considered a correction.
Damage was widespread across Toronto market sectors as investors try to gauge how a drop in oil prices of around 40 per cent since mid-summer will impact on the Canadian economy.
“I think it’s basically a sell-Canada mentality,” said Ian Nakamoto, director of research at 3MACS.
“Whatever the rate of growth that was forecast, say two months ago, is going to be revised down…
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
TSX sheds 2.4 percent as energy sector gets pounded – Reuters Canada
– news.google.ca
Reuters CanadaTSX sheds 2.4 percent as energy sector gets poundedReuters CanadaTORONTO (Reuters) – Canada's main stock index on Wednesday posted its biggest single-day percentage drop in about 18 months as fears about sliding oil demand hit the commodity price and shares of energy producers. The selloff in the price of oil has …Toronto stocks dive 2.4% on oil's steep slideCBC.caA tough day on the Toronto Stock ExchangeNews1130Canada Stocks Plunge Most in 17 Months as Oil TumblesBloombergCastanet.net -650 CKOM News Talk Radioall 457 news articles »
House renews government terrorism insurance backstop, but Senate action in doubt
– canadianbusiness.com
WASHINGTON – The House Wednesday passed a long-sought legislation to renew a government program that’s credited with reviving the market for insurance against terrorist attacks after the Sept. 11 attacks.
But the measure, despite passing by a 417-7 vote, has run into trouble in the Senate because of opposition to an unrelated item involving a rewrite of a provision of the 2010 Dodd-Frank overhaul of financial services regulations and opposition to an obscure provision involving the licensing of insurance agents.
The terrorism risk insurance program was originally enacted in 2002 after the 9-11 attacks led the private market for terrorism insurance to collapse. It provides a government backstop for private insurance companies in the event of catastrophic losses.
The legislation is important to economic sectors such as construction, real estate, hospitality and major sports leagues, which fear crippling insurance costs if the program expires and rates skyrocket — or the market for terrorism insurance collapses altogether…
But the measure, despite passing by a 417-7 vote, has run into trouble in the Senate because of opposition to an unrelated item involving a rewrite of a provision of the 2010 Dodd-Frank overhaul of financial services regulations and opposition to an obscure provision involving the licensing of insurance agents.
The terrorism risk insurance program was originally enacted in 2002 after the 9-11 attacks led the private market for terrorism insurance to collapse. It provides a government backstop for private insurance companies in the event of catastrophic losses.
The legislation is important to economic sectors such as construction, real estate, hospitality and major sports leagues, which fear crippling insurance costs if the program expires and rates skyrocket — or the market for terrorism insurance collapses altogether…
