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Shaw sees profit surge 44% on sale of spectrum to Rogers + MORE Oct 22nd
Shaw Communications Inc. ended its 2015 financial year with a bump in net income from its sale of wireless spectrum to rival Rogers Communications..... More »
Toronto real estate soars to new heights + MORE Jun 4th
TORONTO – The Toronto area’s real estate market set a record last month, with nearly 13,000 homes sold, despite sky-high prices and new federal mortgage rules targeted at Canada’s most expensive housing markets.
The Toronto Real Estate Board said Friday the number of sales last month was up 10.... More »
Warren Buffett celebrates 50 years of success at shareholders love-in + MORE May 4th
Investment guru sails through five hours of questions at annual shareholders meeting, shows no signs of retiring
.... More »
Making sense of the markets this week: November 27, 2022 Nov 25th
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
It’s wonderful to be back writing “Making sense of the markets this week” at MoneySense. I am gladly filling in for a few weeks while Kyle Prevost is away on a drea.... More »
Navigating the Future of Finance: The Intersection of Technology and Creativity Apr 11th
In an era where the pulse of finance is increasingly dictated by technological advancements, the industry stands at a crossroads. The trajectory of financial services is no longer solely in the hands of traditional banking institutions or even fintech disruptors. Instead, it lies at the intersection.... More »
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
Hundreds of HK police use sledgehammers and chainsaws to dismantle protest … – Reuters
– news.google.ca
ReutersHundreds of HK police use sledgehammers and chainsaws to dismantle protest …ReutersHONG KONG (Reuters) – Hundreds of Hong Kong police used sledgehammers and chainsaws to dismantle pro-democracy barricades near government offices and the city's financial centre on Tuesday, a day after clashes broke out as anti-protest groups …Hong Kong police dismantle more protest barricadesFox NewsHong Kong police take chainsaws to democracy protesters' barricadesLos Angeles TimesBlackRock Warns of Potential China Capital FlightWall Street Journal (blog)Independent Online -iAfrica.com -Bloombergall 4,312 news articles »
Trial begins for former UBS banker accused of helping US wealthy hide $20B from IRS
– canadianbusiness.com
FORT LAUDERDALE, Fla. – Jury selection is set to begin for the trial of a former top executive at Swiss bank UBS AG on charges of helping thousands of wealthy Americans conceal some $20 billion in assets from the Internal Revenue Service.
Raoul Weil faces up to five years in prison if convicted of fraud conspiracy. Jury selection begins Tuesday morning in Fort Lauderdale federal court for a trial expected to last several weeks.
Weil was formerly head of wealth management at UBS. He was originally indicted in 2008 and was a fugitive until his 2013 arrest in Italy. Weil pleaded not guilty after his extradition to the U.S.
In 2009, UBS paid a $780 million fine and agreed to turn over names of customers suspected of evading U.S. taxes. Many were later prosecuted.
The post Trial begins for former UBS banker accused of helping US wealthy hide $20B from IRS appeared first on Canadian Business.
Raoul Weil faces up to five years in prison if convicted of fraud conspiracy. Jury selection begins Tuesday morning in Fort Lauderdale federal court for a trial expected to last several weeks.
Weil was formerly head of wealth management at UBS. He was originally indicted in 2008 and was a fugitive until his 2013 arrest in Italy. Weil pleaded not guilty after his extradition to the U.S.
In 2009, UBS paid a $780 million fine and agreed to turn over names of customers suspected of evading U.S. taxes. Many were later prosecuted.
The post Trial begins for former UBS banker accused of helping US wealthy hide $20B from IRS appeared first on Canadian Business.
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.
More businesses positive about finances, but still don’t plan on expanding: poll
– canadianbusiness.com
TORONTO – The majority of Canadian business owners recently polled say they are optimistic about the future, but have no plans on growing their businesses.
The CIBC survey of 800 owners and managers found that 84 per cent have a positive outlook for their businesses, while about 44 per cent say their financial standing is better today than it was a year ago.
Yet despite the optimism, only about a third (37 per cent) are counting on expanding their businesses in the next three years.
A majority (79 per cent) of those polled also say they are sitting on cash reserves, with 40 per cent saying they’re not earning any interest on this cash.
But of those who do plan on expansion, 60 per cent say they won’t be using cash reserves. Instead, they’ll use credit cards, loans or money out of their own pocket to fund their company’s growth.
Shelley Swanlund, vice-president of business banking and the head of small business at CIBC, says business owners should not see their cash reserves as a “rainy day” fund to be used for emergencies, but instead, a fund to help expand their businesses…
The CIBC survey of 800 owners and managers found that 84 per cent have a positive outlook for their businesses, while about 44 per cent say their financial standing is better today than it was a year ago.
Yet despite the optimism, only about a third (37 per cent) are counting on expanding their businesses in the next three years.
A majority (79 per cent) of those polled also say they are sitting on cash reserves, with 40 per cent saying they’re not earning any interest on this cash.
But of those who do plan on expansion, 60 per cent say they won’t be using cash reserves. Instead, they’ll use credit cards, loans or money out of their own pocket to fund their company’s growth.
Shelley Swanlund, vice-president of business banking and the head of small business at CIBC, says business owners should not see their cash reserves as a “rainy day” fund to be used for emergencies, but instead, a fund to help expand their businesses…
