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Latest News
iPhone 16 models delivery pushed to October on Apple Store, but why you may not need to wait that long to - The Times of India + MORE Sep 16th
iPhone 16 models delivery pushed to October on Apple Store, but why you may not need to wait that long to The Times of IndiaiPhone 16 Pro and iPhone 16 Pro Max AppleApple stock slides as reports suggest muted early iPhone 16 demand Yahoo FinanceiPhone 16 Pro vs. 15 P.... More »
RRSP facts and guidance for 2017 + MORE Feb 19th
Save, invest, prosper with My Own Advisor.
The “RRSP season” is now in full swing but it’s important to know the ins and outs of this tax-deferred plan in order to optimize the use of this account for your financial situation. You’ll notice I didn’t write “time to buy RRSPs”. You d.... More »
Taylor on Bernanke: Monetary Rules Work Better Than 'Constrained Discretion' + MORE May 3rd
We have had a serious financial crisis, a very deep recession, a not-so-great recovery, and now a virtually strategy-free international monetary system. This is not a good record..... More »
New to Canada? Here’s how the Scotiabank newcomer offer can help Dec 17th
Newcomers to Canada typically have a hard time applying for credit cards or financial products simply because they have no Canadian credit history. Fortunately, Scotiabank’s StartRight® Program offers newcomers the ability to apply for credit and start building their credit history in Canada.
.... More »
Kristy Shen on living the FIRE life and using money to “buy back time” + MORE Apr 4th
In their early 30s, Kristy Shen and Bryce Leung quit their high-paying jobs in software engineering to travel the world. The Toronto couple had $1 million in savings, but instead of taking the conventional route of home ownership, they packed their suitcases. Shen and Leung started sharing their adv.... More »
Taobao, a China-based online marketplace owned by Alibaba Group Holding Ltd., is to ban the sale of bitcoins beginning Jan. 14.
5.5 year – 2.35%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-11-09. Click on the link above to get more details or apply online.
CPPIB investment strategist leaving for job at Alignvest Management
– theglobeandmail.com
Donald Raymond, who joined CPPIB in 2001, has resigned from his position effective March 31
NY judge bans SAC Capital founder’s testimony to financial regulators from inside trade trial
– canadianbusiness.com
NEW YORK, N.Y. – A New York judge presiding over an insider trading trial says billionaire Steven A. Cohen’s testimony to a financial regulatory agency cannot be shown to jurors.
U.S. District Judge Paul Gardephe’s (GAHR’-duh-feez) decision regarding the founder of Stamford, Conn.-based SAC Capital Advisors came as a jury was being selected Wednesday at the trial of Mathew Martoma.
Martoma is accused of persuading a medical professor to leak secret data from an Alzheimer’s disease trial. The Boca Raton, Fla., resident has pleaded not guilty.
Martoma’s lawyers wanted to use Cohen’s testimony to show Cohen didn’t use Martoma’s information to make pivotal trades. Prosecutors say Martoma’s tips helped SAC earn a quarter-billion dollars illegally.
The judge says the Security and Exchange Commission’s inquiry was fact-finding and irrelevant for the criminal trial.
SAC Capital has pleaded guilty to fraud charges.
The post NY judge bans SAC Capital founder’s testimony to financial regulators from inside trade trial appeared first on Canadian Business.
U.S. District Judge Paul Gardephe’s (GAHR’-duh-feez) decision regarding the founder of Stamford, Conn.-based SAC Capital Advisors came as a jury was being selected Wednesday at the trial of Mathew Martoma.
Martoma is accused of persuading a medical professor to leak secret data from an Alzheimer’s disease trial. The Boca Raton, Fla., resident has pleaded not guilty.
Martoma’s lawyers wanted to use Cohen’s testimony to show Cohen didn’t use Martoma’s information to make pivotal trades. Prosecutors say Martoma’s tips helped SAC earn a quarter-billion dollars illegally.
The judge says the Security and Exchange Commission’s inquiry was fact-finding and irrelevant for the criminal trial.
SAC Capital has pleaded guilty to fraud charges.
The post NY judge bans SAC Capital founder’s testimony to financial regulators from inside trade trial appeared first on Canadian Business.
Wanxiang increases bid for Fisker, heating up the fight for the failed electric-vehicle maker
– canadianbusiness.com
WILMINGTON, Del. – Chinese auto parts conglomerate Wanxiang Group Corp. has increased its offer for Fisker Automotive, heating up the fight for the failed electric-vehicle maker.
Wanxiang sweetened its bid with an additional $10 million in cash.
An attorney for Fisker’s official committee of unsecured creditors told a Delaware bankruptcy judge Wednesday that Wanxiang may increase its offer even more if the judge approves a competitive auction for Fisker. “They have told us they have considerable room to go,” said William Baldiga, the attorney.
But Fisker wants the judge to approve a private sale to Hybrid Technology LLC, which is owned by Hong Kong billionaire Richard Li. Hybrid became Fisker’s senior secured lender by buying a failed Department of Energy loan for $25 million. That resulted in a loss to U.S. taxpayers of $139 million.
Hybrid is seeking to buy Fisker’s remaining assets in bankruptcy. The proposed sale will be considered at a hearing Friday…
Wanxiang sweetened its bid with an additional $10 million in cash.
An attorney for Fisker’s official committee of unsecured creditors told a Delaware bankruptcy judge Wednesday that Wanxiang may increase its offer even more if the judge approves a competitive auction for Fisker. “They have told us they have considerable room to go,” said William Baldiga, the attorney.
But Fisker wants the judge to approve a private sale to Hybrid Technology LLC, which is owned by Hong Kong billionaire Richard Li. Hybrid became Fisker’s senior secured lender by buying a failed Department of Energy loan for $25 million. That resulted in a loss to U.S. taxpayers of $139 million.
Hybrid is seeking to buy Fisker’s remaining assets in bankruptcy. The proposed sale will be considered at a hearing Friday…
