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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This Week’s Top Stories: Canadian Real Estate Sellers Surge, and Bad News For Mortgage Rates - Better Dwelling Apr 14th
This Week’s Top Stories: Canadian Real Estate Sellers Surge, and Bad News For Mortgage Rates Better DwellingBank of Canada's interest-rate hold, RBC's terminated CFO and Liberals' pre-budget housing plans: Must-read business and investing stories The Globe and Mail'Could get .... More »
Nobel laureate Stiglitz leaves Panama finance committee Aug 7th
PANAMA CITY – Nobel economics laureate Joseph Stiglitz has quit a committee set up by Panama’s government to study the country’s financial system following the leak of a trove of data about offshore accounts set up by a Panamanian law firm.
Panama’s foreign ministry said Satu.... More »
Stock options to be taxed more like regular income under new federal budget + MORE Mar 20th
Executives at big established companies who get paid with large stock grants will owe more in tax under changes promised in the new federal budget..... More »
Stock markets brace for collateral damage as first shots fired in Trump's trade war + MORE Mar 23rd
Fears of a trade war are roiling financial markets Friday, with stocks under pressure around the world and the dollar in retreat..... More »
Unemployment rate drops to nine-year low Sep 8th
(Hero Images/Getty Images)
OTTAWA – Canada’s labour market posted its ninth-straight month of job gains in August to give the economy its longest monthly growth streak since before the financial crisis nine years ago.
Statistics Canada says last month’s increase of 22,200 jobs also hel.... More »
Regulators close small banks in Tennessee, Arizona; puts this year’s US bank failures at 20
– canadianbusiness.com
WASHINGTON – Regulators have closed small banks in Tennessee and Arizona, bringing the number of U.S. bank failures to 20 this year.
The Federal Deposit Insurance Corp. says it seized Community South Bank, based in Parsons, Tenn., with 15 branches and about $386.9 million in assets and $377.7 million in deposits as of June 30. It also shuttered Phoenix-based Sunrise Bank of Arizona, with six branches, $202.2 million in assets and $196.9 million in deposits.
CB&S Bank, based in Russellville, Ala., agreed to assume all of Community South Bank’s deposits and to buy about $121.7 million of its loans and other assets.
First Fidelity Bank, based in Oklahoma City, agreed to assume all of Sunrise Bank’s deposits and to buy all its assets.
The post Regulators close small banks in Tennessee, Arizona; puts this year’s US bank failures at 20 appeared first on Canadian Business.
The Federal Deposit Insurance Corp. says it seized Community South Bank, based in Parsons, Tenn., with 15 branches and about $386.9 million in assets and $377.7 million in deposits as of June 30. It also shuttered Phoenix-based Sunrise Bank of Arizona, with six branches, $202.2 million in assets and $196.9 million in deposits.
CB&S Bank, based in Russellville, Ala., agreed to assume all of Community South Bank’s deposits and to buy about $121.7 million of its loans and other assets.
First Fidelity Bank, based in Oklahoma City, agreed to assume all of Sunrise Bank’s deposits and to buy all its assets.
The post Regulators close small banks in Tennessee, Arizona; puts this year’s US bank failures at 20 appeared first on Canadian Business.
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
At a Glance: Departing CEO Steve Ballmer’s ups and downs at Microsoft over the years
– canadianbusiness.com
Microsoft CEO Steve Ballmer announced on Friday that he plans to retire from the world’s biggest software company after more than 13 years at its helm. Here’s a look at the ups and downs of his tenure:
— 1980: Ballmer joins the company co-founded by Bill Gates and Paul Allen in 1975.
— July 21, 1998: Widely seen as the successor to chairman and longtime friend Gates, Ballmer is named president of the software company. He’d previously led Microsoft’s sales and marketing.
— Sept. 23, 1999: Ballmer warns that technology stocks are overvalued, including those of his own company, in public remarks that help accelerate a sharp sell-off on Wall Street. He blames a “gold rush” mentality for the stock price increases.
— Jan. 13, 2000: Gates promotes Ballmer to CEO of Microsoft while staying on as chairman and chief software architect.
— Nov. 15, 2001: Microsoft releases its Xbox video game system, one of the company’s most successful products.
— March 26, 2004: At a conference for online advertisers, Ballmer says Microsoft’s biggest mistake was failing to develop its own search engine, which caused it to fall behind rivals Google and Yahoo in the space…
— 1980: Ballmer joins the company co-founded by Bill Gates and Paul Allen in 1975.
— July 21, 1998: Widely seen as the successor to chairman and longtime friend Gates, Ballmer is named president of the software company. He’d previously led Microsoft’s sales and marketing.
— Sept. 23, 1999: Ballmer warns that technology stocks are overvalued, including those of his own company, in public remarks that help accelerate a sharp sell-off on Wall Street. He blames a “gold rush” mentality for the stock price increases.
— Jan. 13, 2000: Gates promotes Ballmer to CEO of Microsoft while staying on as chairman and chief software architect.
— Nov. 15, 2001: Microsoft releases its Xbox video game system, one of the company’s most successful products.
— March 26, 2004: At a conference for online advertisers, Ballmer says Microsoft’s biggest mistake was failing to develop its own search engine, which caused it to fall behind rivals Google and Yahoo in the space…
Ex-SAC Capital Advisors manager pleads not guilty to NY charges he sought tips from doctors
– canadianbusiness.com
NEW YORK, N.Y. – A former hedge fund portfolio manager has pleaded not guilty in New York to charges in a rewritten indictment that accuses him of pursuing an inside investment edge from more than 20 doctors.
Mathew Martoma entered the plea Friday in federal court in Manhattan.
Martoma was arrested in November on charges that he persuaded a medical professor to leak secret data from an Alzheimer’s disease trial. Prosecutors say the inside information enabled other investment professionals at the hedge fund founded by Steven A. Cohen to earn a quarter-billion dollars illegally.
The new securities fraud indictment unveiled Thursday accused Martoma of seeking illegal information from other doctors from 2006 to 2008 while working at Cohen’s SAC Capital Advisors.
The Boca Raton, Fla., resident remains free on bail.
The post Ex-SAC Capital Advisors manager pleads not guilty to NY charges he sought tips from doctors appeared first on Canadian Business.
Mathew Martoma entered the plea Friday in federal court in Manhattan.
Martoma was arrested in November on charges that he persuaded a medical professor to leak secret data from an Alzheimer’s disease trial. Prosecutors say the inside information enabled other investment professionals at the hedge fund founded by Steven A. Cohen to earn a quarter-billion dollars illegally.
The new securities fraud indictment unveiled Thursday accused Martoma of seeking illegal information from other doctors from 2006 to 2008 while working at Cohen’s SAC Capital Advisors.
The Boca Raton, Fla., resident remains free on bail.
The post Ex-SAC Capital Advisors manager pleads not guilty to NY charges he sought tips from doctors appeared first on Canadian Business.
4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
