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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TD profit falls, missing expectations as economic downturn looms - The Globe and Mail + MORE May 25th
TD profit falls, missing expectations as economic downturn looms The Globe and MailProfits dip as BMO and Scotiabank set aside hundreds of millions to cover bad loans CBC NewsLive news: TD Bank adds to disappointing earnings for Canadian lenders Financial TimesBMO an.... More »
Brexit white paper seeks free movement for skilled workers and students - The Guardian + MORE Jul 12th
The GuardianBrexit white paper seeks free movement for skilled workers and studentsThe GuardianBusinesses should be able to move “their talented people” from the UK to the European Union – and vice versa – after Brexit, according to the government's strategy white paper, which was publi.... More »
The new financial roadmap for Gen Z and young Canadians + MORE Jun 19th
Young people don’t need another slew of statistics telling them their financial lives will be different from their parents’ generation. They need a plan.
Education is expensive, homeownership is delayed, careers have evolved. There’s a new set of milestones for financial adulthood, an.... More »
Q2, 2020 Tesla Earnings: Despite Coronavirus, Musk Delivers, TSLA Has An Amazing Quarter - Transport Evolved Jul 23rd
Q2, 2020 Tesla Earnings: Despite Coronavirus, Musk Delivers, TSLA Has An Amazing Quarter Transport EvolvedTesla growth continues despite economic upheaval BBC NewsTesla joining the S&P 500 would mean prestige: WSJ's Tim Higgins CNBC TelevisionElon Musk: “The th.... More »
'The Outer Worlds' comes to Nintendo Switch on March 6th - Engadget Jan 30th
'The Outer Worlds' comes to Nintendo Switch on March 6th EngadgetNintendo Switch overtakes SNES with more than 52 million sold The VergeThe Outer Worlds On Switch Releases In March, Will Require A Download GameSpotNintendo Switch sales pass 52 million, Pokémon Sword.... More »
Uber, Lyft, not happy with approval of drivers’ insurance rate plan in Manitoba
– canadianbusiness.com
WINNIPEG _ Manitoba’s Public Utilities Board has approved new insurance rates for ride-hailing company drivers that businesses such as Uber and Lyft have said will keep them setting up shop in Winnipeg.
The board has given approval to a Manitoba Public Insurance application that calls for an add-on to the drivers’ basic insurance, which would be based on the time of day the operator wants to pick up passengers, or whether it’s on a weekday or weekend.
MPI says the system is flexible and prevents drivers in other licence classes from subsidizing autos used for ride-hailing.
Uber had argued for a blanket coverage policy, stating MPI’s approach would mean an extra financial burden for drivers.
The company has previously said it won’t come to Winnipeg under the insurance company’s model.
The utilities board calls its ruling an interim decision and says it will revisit the issue next year, once it collects some data.
Lyft said in a statement released Monday that it sees “tremendous opportunity” in Winnipeg…
The board has given approval to a Manitoba Public Insurance application that calls for an add-on to the drivers’ basic insurance, which would be based on the time of day the operator wants to pick up passengers, or whether it’s on a weekday or weekend.
MPI says the system is flexible and prevents drivers in other licence classes from subsidizing autos used for ride-hailing.
Uber had argued for a blanket coverage policy, stating MPI’s approach would mean an extra financial burden for drivers.
The company has previously said it won’t come to Winnipeg under the insurance company’s model.
The utilities board calls its ruling an interim decision and says it will revisit the issue next year, once it collects some data.
Lyft said in a statement released Monday that it sees “tremendous opportunity” in Winnipeg…
Founder of Canada Jetlines takes helm as CEO of rival Flair Airlines
– canadianbusiness.com
KELOWNA, B.C. _ The founder of Canada Jetlines is taking over as chief executive of Canadian discount carrier Flair Airlines Ltd.
Jim Scott replaces Flair founder and former president Jim Rogers, who will remain an adviser until 2019 after selling his shares in the Kelowna-based company.
Scott is a former airline pilot who led Canada Jetlines between 2012 and last year.
He will be joined by Jerry Presley, who represents the majority owners, as executive chairman. He was previously an adviser to Canada Jetlines.
The changes come more than six months after Flair’s purchase of NewLeaf Travel Company’s assets.
Flair Airlines currently flies from seven Canadian cities: Toronto, Hamilton, Winnipeg, Edmonton, Abbotsford, Kelowna and Vancouver. It has plans to soon announce an expansion of its fleet and route network.
The airline faces the prospect of competition with the launch next summer of WestJet’s discount Swoop airline and Canada Jetlines.
Flair operates seven aircraft and plans to add two Boeing 737-800 aircraft later in 2018…
Jim Scott replaces Flair founder and former president Jim Rogers, who will remain an adviser until 2019 after selling his shares in the Kelowna-based company.
Scott is a former airline pilot who led Canada Jetlines between 2012 and last year.
He will be joined by Jerry Presley, who represents the majority owners, as executive chairman. He was previously an adviser to Canada Jetlines.
The changes come more than six months after Flair’s purchase of NewLeaf Travel Company’s assets.
Flair Airlines currently flies from seven Canadian cities: Toronto, Hamilton, Winnipeg, Edmonton, Abbotsford, Kelowna and Vancouver. It has plans to soon announce an expansion of its fleet and route network.
The airline faces the prospect of competition with the launch next summer of WestJet’s discount Swoop airline and Canada Jetlines.
Flair operates seven aircraft and plans to add two Boeing 737-800 aircraft later in 2018…
As Dow soars, it’s same old, same old for TSX
– theglobeandmail.com
American share prices have gathered steam in 2018, but Canadian stocks can’t seem to catch that same fire
Prices of bitcoin and other digital currencies fell after South Korea’s top financial policymaker said a crackdown on trading of cryptocurrencies was still an option.
Survey finds 1/3 of Canadians can’t pay monthly bills as rates set to rise
– canadianbusiness.com
CALGARY _ A new survey suggests a third of Canadians can’t pay their monthly bills, including debt repayments, against a backdrop of rising interest rates.
The quarterly MNP consumer debt index survey finds the number of Canadians who can’t cover their fixed monthly expenses is up eight points since September.
It also finds Canadians who are making ends meet have less disposable income, with an average $631 left after paying bills and contributing to debt repayment. That’s 15 per cent less money left over than in the previous quarter.
The survey says Canadians worried more about their debt as the Bank of Canada raised its benchmark interest rate twice last year and is expected to continue the momentum in 2018.
Four-in-10 respondents say they fear financial trouble if interest rates rise much further and one-in-three agree they’re concerned rising rates could move them toward bankruptcy.
More than 70 per cent of respondents say they’ll be more careful with how they spend money as rates move up, and nearly half say they believe they’ll have to take on more debt over the next year to cover expenses…
The quarterly MNP consumer debt index survey finds the number of Canadians who can’t cover their fixed monthly expenses is up eight points since September.
It also finds Canadians who are making ends meet have less disposable income, with an average $631 left after paying bills and contributing to debt repayment. That’s 15 per cent less money left over than in the previous quarter.
The survey says Canadians worried more about their debt as the Bank of Canada raised its benchmark interest rate twice last year and is expected to continue the momentum in 2018.
Four-in-10 respondents say they fear financial trouble if interest rates rise much further and one-in-three agree they’re concerned rising rates could move them toward bankruptcy.
More than 70 per cent of respondents say they’ll be more careful with how they spend money as rates move up, and nearly half say they believe they’ll have to take on more debt over the next year to cover expenses…
