The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Facebook's rise in profits, users shows resilience after scandals - CBC.ca Apr 25th
CBC.caFacebook's rise in profits, users shows resilience after scandalsCBC.caFacebook Inc. shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.... More »
Germany's Deutsche Bank to cut 18,000 jobs by 2022 in overhaul - CBC News Jul 7th
Germany's Deutsche Bank to cut 18,000 jobs by 2022 in overhaul CBC NewsDeutsche Bank to slash 18,000 jobs in sweeping restructuring CTV NewsFactbox: Deutsche Bank takes an axe to investment bank Yahoo Canada FinanceDeutsche bank cutting 18,000 jobs in effort to incre.... More »
Biogen to invest $92 million in Puerto Rico, create 350 jobs + MORE Oct 31st
SAN JUAN, Puerto Rico – U.S. drugmaker Biogen Inc. is investing more than $92 million in Puerto Rico after buying assets that once belonged to Eli Lilly & Co. in the island’s southern region.
Gov. Alejandro Garcia Padilla says the Massachusetts-based company will manufacture active p.... More »
Your American spouse may not want to inherit your TFSA Jun 2nd
Most Canadians assume leaving a tax-free savings account (TFSA) to a spouse is one of the simplest estate-planning decisions they can make. But when that spouse is a U.S. citizen, green card holder, or otherwise subject to U.S. tax filing requirements, inheriting a TFSA can create years of IRS repor.... More »
The best GIC rates in Canada for 2024 + MORE Nov 4th
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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Fugitive real estate heir agrees to Los Angeles extradition to face murder charge by August
– canadianbusiness.com
LOS ANGELES, Calif. – A New York real estate heir has agreed to return to Los Angeles to face charges that he killed a woman to stop her from co-operating with an investigation into the disappearance of his wife, prosecutors announced Tuesday.
Robert Durst and his attorneys jointly filed an agreement with the Los Angeles County district attorney’s office. It stipulates that Durst will be extradited from Louisiana to Los Angeles no later than Aug. 18.
Court filings have shown that Durst has struck a plea deal with federal prosecutors on a weapons charge in New Orleans. The weapons charge has kept Durst jailed in Louisiana since March, even though he waived extradition on the murder charge in Los Angeles.
Durst, an estranged member of the family that runs 1 World Trade Center in New York, faces a first-degree murder trial in Los Angeles in the 2000 death of his friend and onetime spokeswoman Susan Berman, 55.
The 72-year-old millionaire is accused of killing Berman to keep her from talking to investigators looking into the disappearance of his first wife in 1982…
Robert Durst and his attorneys jointly filed an agreement with the Los Angeles County district attorney’s office. It stipulates that Durst will be extradited from Louisiana to Los Angeles no later than Aug. 18.
Court filings have shown that Durst has struck a plea deal with federal prosecutors on a weapons charge in New Orleans. The weapons charge has kept Durst jailed in Louisiana since March, even though he waived extradition on the murder charge in Los Angeles.
Durst, an estranged member of the family that runs 1 World Trade Center in New York, faces a first-degree murder trial in Los Angeles in the 2000 death of his friend and onetime spokeswoman Susan Berman, 55.
The 72-year-old millionaire is accused of killing Berman to keep her from talking to investigators looking into the disappearance of his first wife in 1982…
A group of Dominion Diamond shareholders is pushing for the company’s independent directors to deal with what they call the “misguided policies and missed opportunities” that have hurt their investment in the Toronto-based company.
The Globe and MailDominion Diamond said to explore sale as shareholders revoltThe Globe and MailDominion Diamond Corp. has hired financial advisers to explore a sale as the Canadian miner comes under pressure from shareholders about its falling share price, according to people familiar with the matter. The diamond miner has hired Rothschild & Co.and more »
Alibaba’s acquisition of SCMP could spell the end of Hong Kong’s free press
– theglobeandmail.com
It’s likely that Jack Ma’s investment in the South China Morning Post could sink the paper’s reputation for good
Making sense of provincial debt downgrades
– macleans.ca
(Shutterstock)Canada’s provincial budgets aren’t in good shape. Eight out of ten provinces will run deficits this year, with BC and Quebec as the only two exceptions. (For data, see here.) This borrowing adds up. While the federal government has been steadily reducing its debt burden, the provinces have, in recent years, done the opposite. In fact, 2015 was the first year in Canadian history where the total debt (net of financial assets) held by the provincial governments exceeded that of the federal government. In a recent Maclean’s piece, Laval University economist Stephen Gordon notes this, and provides a startling chart:
In the same Maclean’s piece, University of Victoria economist Rob Gillezeau focuses on projections from the Parliamentary Budget Office that suggest this trend will continue. If nothing else changes, federal debt is expected to decline while subnational debt soars. Understanding provincial debt is therefore increasingly important, especially as many provinces are strained by low oil prices…
