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UK Brexit minister: Leaving EU won’t mean economic isolation + MORE Dec 1st
LONDON – Britain’s minister for leaving the European Union tried to reassure businesses on Thursday that exiting the bloc won’t cut the U.K. off from much-needed international workers and investment.
Brexit Secretary David Davis said the U.K. was seeking “the freest possible .... More »
Do you need that bank mutual fund? Maybe not + MORE Jul 10th
A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.
The survey of close to 3,000 dealers by the Ontario Securities Commission and the Canadian Investment Regulatory Organization found that 25% say.... More »
Notley responds to Ottawa's promise to compensate Kinder Morgan against political delays - CBC.ca + MORE May 16th
CBC.caNotley responds to Ottawa's promise to compensate Kinder Morgan against political delaysCBC.caAlberta Premier Rachel Notley is responding to an announcement this morning by the federal finance minister that Ottawa is willing to compensate backers of the Trans Mountain pipeline project aga.... More »
Is Gold Still a Substance Worth Investing In? May 15th
From gold stocks and ETFs to buying actual gold, you’ve got options when it comes to investing in this most regal of metals. But, what is gold’s purpose, and why should an investor even get into the market? As an asset, gold’s intrinsic qualities make it a necessary part of an investment portf.... More »
Finding the right balance of stocks and fixed income is the key to your investment survival + MORE Sep 14th
A stay-the-course investing resolve is not enough, writes investment expert David Aston. You also need to ensure you have sufficient ability to take on risk,.... More »
How to pay for today and save for tomorrow
– moneysense.ca
On the surface of things, Lindsay Tithecott would seem the financial envy of most millennials. The 29-year-old engineering consultant from Kamloops, B.C., earns $71,000 annually, owns an affordable $150,000 condo and already has $46,000 of investments amassed in her RRSP and TFSA. To be sure, Lindsay’s very proud of her accomplishments: “I’m saving 20% of my salary and my housing costs are just under 30% of my income, which is nearly unheard of in B.C.” There’s just one problem: Her spending surpasses her income every month, and she’s piling up significant consumer debt. Right now, Lindsay owes $11,000 on her line of credit as well as a separate $15,000 car loan. “I try so hard to achieve financial balance in my life, but it doesn’t seem attainable,” she says. “I don’t understand what I’m doing wrong.”
Lindsay feels she has her savings under control, noting that she’s currently socking away $400 a month to her TFSA and $220 a month to her RRSP (an amount her employer matches) to achieve her goals…
Lindsay feels she has her savings under control, noting that she’s currently socking away $400 a month to her TFSA and $220 a month to her RRSP (an amount her employer matches) to achieve her goals…
Canadian dollar, oil drop after OPEC increases crude output – CBC.ca
– news.google.ca
CBC.caCanadian dollar, oil drop after OPEC increases crude outputCBC.caThe Canadian dollar fell by a quarter of a cent on Friday after oil prices dropped on data that showed OPEC nations increasing their output. There was good news about jobs and manufacturing growth in the U.S., but that weighed further on the loonie …Saudi Arabia plans to sell state oil assets to create $2tn wealth fundThe GuardianSaudi Investment/Oil Strategies Unfolding, Creating More QuestionsSeeking AlphaThe 30-year-old prince who is changing the worldCNBCBloomberg -New York Times -Hellenic Shipping News Worldwide -International Business Timesall 196 news articles »
Bombardier founding family loses hundreds of millions on share price collapse
– canadianbusiness.com
MONTREAL – Bombardier’s stock price collapse cost its controlling family hundreds of millions of dollars last year even as they collectively spent some $50 million to increase their stake in the embattled transportation company.
Most of the loss was felt by four senior members of the Bombardier and Beaudoin family, who are the company’s largest shareholders, according to a regulatory filing issued Friday ahead of Bombardier’s annual meeting April 29.
J.R. Andre Bombardier, Janine Bombardier, Claire Bombardier Beaudoin and Huguette Bombardier Fontaine indirectly control 249 million class A multiple voting shares and 30.2 million class B subordinate voting shares.
The Montreal-based company’s shares (TSX:BBD.A, BBD.B) lost more than 60 per cent of their value last year, with the A shares ending 2015 at C$1.49 and B shares at C$1.34, down from about C$4.13 and C$4.15 respectively.
Five family members who sit on the board of directors collectively lost US$200 million…
Most of the loss was felt by four senior members of the Bombardier and Beaudoin family, who are the company’s largest shareholders, according to a regulatory filing issued Friday ahead of Bombardier’s annual meeting April 29.
J.R. Andre Bombardier, Janine Bombardier, Claire Bombardier Beaudoin and Huguette Bombardier Fontaine indirectly control 249 million class A multiple voting shares and 30.2 million class B subordinate voting shares.
The Montreal-based company’s shares (TSX:BBD.A, BBD.B) lost more than 60 per cent of their value last year, with the A shares ending 2015 at C$1.49 and B shares at C$1.34, down from about C$4.13 and C$4.15 respectively.
Five family members who sit on the board of directors collectively lost US$200 million…
Ex-furniture company exec pleads guilty in $18M loan fraud
– canadianbusiness.com
NEW YORK, N.Y. – A former chief financial officer of a New Jersey-based maker of children’s furniture and an affiliated Indiana company pleaded guilty Friday to conspiracy charges, admitting that he faked his companies’ financial conditions to score $18 million in business loans.
Norman D’Souza, 50, of Monmouth Junction, New Jersey, conspired to get $17 million in loans illegally from a Manhattan bank and $1 million in municipal loans from Gas City, Indiana, prosecutors said.
He told U.S. District Judge Ronnie Abrams that the owner of Munire Furniture Inc. told him beginning in 2011 to inflate sales and revenue numbers so the company could borrow more money to survive a difficult period. The company distributed baby cribs, dressers and other furniture to stores such as Babies R Us and Burlington Coat Factory.
In 2010, Munire Furniture and Indiana politicians announced that the company would open an Echelon Furniture manufacturing facility in Gas City that would employ up to 350 people…
Norman D’Souza, 50, of Monmouth Junction, New Jersey, conspired to get $17 million in loans illegally from a Manhattan bank and $1 million in municipal loans from Gas City, Indiana, prosecutors said.
He told U.S. District Judge Ronnie Abrams that the owner of Munire Furniture Inc. told him beginning in 2011 to inflate sales and revenue numbers so the company could borrow more money to survive a difficult period. The company distributed baby cribs, dressers and other furniture to stores such as Babies R Us and Burlington Coat Factory.
In 2010, Munire Furniture and Indiana politicians announced that the company would open an Echelon Furniture manufacturing facility in Gas City that would employ up to 350 people…
CBC.caBrussels airport remains closed after attack, reopening unclearCBC.caStruck by suicide bombers 10 days ago, the airport known as "the heart of Europe" has stopped beating temporarily, causing headaches for thousands of business and vacation travellers, and painful financial losses for Belgium's capital and tourism industry.Brussels airport restart delayed after police demandsReuters CanadaBrussels airport eyes Sunday reopening as govt, police agree security dealDigital JournalBrussels airport could reopen after deal with police over securityThe GuardianThe Straits Times -New York Times -Ghana Broadcasting Corporation -Ceylon Daily Newsall 483 news articles »
