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Latest News
How does a LIRA work after a pension transfer? + MORE Feb 20th
Q: I recently transferred my pension from Bombardier to Sun Life. I completed all the documentation and expected the fund to be transferred to an RRSP “Fidelity Clear Path 2035 Port Seg Fund” with around $70,000. Instead Sun Life has put the funds into a LIRA with the same account allocations .... More »
Tax adviser to revenue minister attended KPMG-sponsored Madrid conference, parties May 17th
A Liberal government appointee named to crack down on offshore tax avoidance in the wake of the KPMG scandal attended a Madrid conference and social events where the embattled accounting firm was a top financial sponsor, a Fifth Estate/Enquête investigation has found..... More »
Your home sold—now what? + MORE Nov 12th
If you’ve sold your home or are planning to soon, you may have a large amount of cash that needs a temporary parking spot while you prepare for your next move. A regular savings account pays very little interest—so unless you need the money right away, it makes sense to seek higher returns.
S.... More »
Don’t get stuck on financial advice that doesn’t ring true Mar 26th
Finance tips and advice that worked decades ago aren’t always relevant in today’s day and age. Still, well-meaning friends and family often recycle the same information for younger generations—only for them to find out the hard way the advice might be inaccurate.
Financial experts say the.... More »
Connecticut becoming a hub for new bioscience companies Sep 24th
FARMINGTON, Conn. – Connecticut hasn’t become the Silicon Valley of bioscience quite yet, but five years after lawmakers made a massive investment to support the development of that industry, there is a thriving hub in Farmington.
Eighteen technology or bio-medical startups recently set .... More »
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.
3.5 year – 2.20%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-10-20. Click on the link above to get more details or apply online.
Shares of Branson-backed Virgin America start trading with tailwind from airline industry
– canadianbusiness.com
Virgin American shares are climbing in their trading debut.
The shares opened at $27 — $4 higher than the price that the airline set — and then jumped as high as $29 in early dealings Friday on the Nasdaq stock market.
The timing of the IPO by the Richard Branson-backed airline could hardly be better. Airlines stocks have soared as the carriers reap huge profits thanks to full planes, rising revenue and falling fuel prices. After years of losing money, Virgin America is now profitable.
The post Shares of Branson-backed Virgin America start trading with tailwind from airline industry appeared first on Canadian Business.
The shares opened at $27 — $4 higher than the price that the airline set — and then jumped as high as $29 in early dealings Friday on the Nasdaq stock market.
The timing of the IPO by the Richard Branson-backed airline could hardly be better. Airlines stocks have soared as the carriers reap huge profits thanks to full planes, rising revenue and falling fuel prices. After years of losing money, Virgin America is now profitable.
The post Shares of Branson-backed Virgin America start trading with tailwind from airline industry appeared first on Canadian Business.
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.
Postmaster General Patrick Donahoe says he’ll retire Feb. 1 after leading agency for 4 years
– canadianbusiness.com
WASHINGTON – Postmaster General Patrick Donahoe announced his retirement Friday as the Postal Service continued to amass billions of dollars in losses and battled with Congress over proposed cost-cutting moves, including ending Saturday delivery.
He will be succeeded Feb. 1 by agency veteran Megan Brennan, who will become the first female postmaster general.
Donahoe, who has spent 39 years with the Postal Service, took over the agency during a serious financial crisis and oversaw a restructuring of the agency as it sought to deal with sharp declines in the volume of first-class mail.
“Pat was the calm in the financial storm. He ignored the naysayers and went forward with his team and built a comprehensive plan for the future of the organization, made tough decisions and executed against those decisions,” said Mickey D. Barnett, chairman of the Board of Postal Governors. “That’s a testament to the great team he built and his own personal leadership.”
Donahoe’s retirement announcement came as the agency reported a $569 million revenue increase in a fiscal year the year that ended Sept…
He will be succeeded Feb. 1 by agency veteran Megan Brennan, who will become the first female postmaster general.
Donahoe, who has spent 39 years with the Postal Service, took over the agency during a serious financial crisis and oversaw a restructuring of the agency as it sought to deal with sharp declines in the volume of first-class mail.
“Pat was the calm in the financial storm. He ignored the naysayers and went forward with his team and built a comprehensive plan for the future of the organization, made tough decisions and executed against those decisions,” said Mickey D. Barnett, chairman of the Board of Postal Governors. “That’s a testament to the great team he built and his own personal leadership.”
Donahoe’s retirement announcement came as the agency reported a $569 million revenue increase in a fiscal year the year that ended Sept…
