How to go about securing the best return for your investment in Canada.
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Why targeted reforms will raise investment advisers’ standards Jun 5th
The best-interest standard proposed by Ontario and New Brunswick sounds good, but what does it really mean?
.... More »
Have your say: Do you take advantage of workplace financial benefits? + MORE Sep 13th
You could be missing out on free money..... More »
After journalist vanishes, focus shifts to young prince's 'dark' and bullying side - Washington Post Oct 14th
Washington PostAfter journalist vanishes, focus shifts to young prince's 'dark' and bullying sideWashington PostWhen he hosted last October's glittering global investment conference in Saudi Arabia, Crown Prince Mohammed bin Salman had the world at his fingertips. Thousands of in.... More »
Bombardier dives to penny stock status as rivals continue to sign deals to sell jets + MORE Jan 28th
Bombardier shares were reduced to penny-stock status for the first time since 1991 on Wednesday as the plane and train maker continues to have trouble selling its next generation of aircraft..... More »
Asian stock markets mostly up but Europe down as Ukraine, Iraq jitters ease + MORE Aug 12th
SEOUL, South Korea – Asian stock markets were mostly higher Tuesday as tensions over Ukraine and Iraq eased, giving investors the confidence to dip into riskier assets. European shares drifted.
KEEPING SCORE: Britain’s FTSE 100 slipped 0.1 per cent to 6,627.18 and Germany’s DAX los.... More »
60 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.
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.
Time to give back to the community
– moneysense.ca
Linda & Mike Wharton, Yellowknife (Photograph by Angela Gzowski)Growing up poor in British Columbia during the 1960s and ’70s taught Mike Wharton the value of money at a very early age. By grade 10, he was already juggling his high school studies with full-time work so he’d be able to afford a post-secondary education. “I knew I needed a university degree,” says Wharton.
After completing a computer science degree in 1985, Wharton then set his sights on the RCMP, where he enjoyed a 25-year career until retiring two years ago at age 48. His position was enviable: an investment portfolio worth $1.3 million, a defined-benefit pension plan, a mortgage-free home in Yellowknife, and three fully paid investment properties. Still, Wharton had great reservations about retirement despite his wife Linda’s insistence that the timing was right. “She always said, ‘When is enough going to be enough?’ I just wanted to make sure there was enough money for her. But now that I’m on the other side, I don’t know why I was so leery of retiring…
30 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.
CPP Investment Board invests US$250M in U.K.-based Markit
– moneysense.ca
Canada Pension Plan Investment Board has decided to invest US$250 million to buy a six per cent stake in Markit Ltd. as part of the U.K.-based financial information company’s initial public share offering.
The Toronto-based pension fund manager will have the right to nominate one director to Markit’s board as long as it maintains a certain level of ownership in the company.
CPPIB had initially indicated it would be prepared to invest up to US$450 million but that was a non-binding expression of interest, subject to negotiation.
It announced Thursday that it will buy 10.4 million common shares of Markit for US$24 per share.
Among other things, Markit produces monthly reports on manufacturing data in various countries and regions including China, Canada and the European Union.
According to its IPO filing, Markit generated US$947.9 of revenue in 2013 and US$259.4 million in the first three months of 2014.
The CPPIB, one of Canada’s biggest pension funds, invests money not currently needed by the Canada Pension Plan to pay benefits…
The Toronto-based pension fund manager will have the right to nominate one director to Markit’s board as long as it maintains a certain level of ownership in the company.
CPPIB had initially indicated it would be prepared to invest up to US$450 million but that was a non-binding expression of interest, subject to negotiation.
It announced Thursday that it will buy 10.4 million common shares of Markit for US$24 per share.
Among other things, Markit produces monthly reports on manufacturing data in various countries and regions including China, Canada and the European Union.
According to its IPO filing, Markit generated US$947.9 of revenue in 2013 and US$259.4 million in the first three months of 2014.
The CPPIB, one of Canada’s biggest pension funds, invests money not currently needed by the Canada Pension Plan to pay benefits…
