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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Character clash: Vancouver's next big real estate debate + MORE Nov 19th
As Vancouver embarks on a process that could lead to the preservation of more older homes in the city, Siobhan Murphy says the story of her Commercial Drive bungalow is a warning about taking the notion of character too far..... More »
The best GIC rates in Canada for 2026 + MORE Feb 9th
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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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
$611 million in Sears Canada dividend payments under review by court monitor + MORE Jan 17th
TORONTO _ Hundreds of millions of dollars of dividends doled out to Sears Canada shareholders are coming under scrutiny by the former retailer’s court-appointed monitor, according to a new report in the company’s insolvency proceedings.
The report also highlights the tens of millions of .... More »
How to buy cardano in Canada Oct 14th
The 2021 cryptocurrency market crash (from which, as of October, it has yet to fully recover), has prompted many crypto investors to focus on smaller, less expensive digital coins as alternatives to high-priced bitcoin and ethereum.
While the trend has created a wider demand for so-called “altc.... More »
Romanian court: Put Prince Paul under house arrest for an alleged massive real estate fraud + MORE Dec 12th
BUCHAREST, Romania – A Romanian court has ruled that Romania’s Prince Paul be placed under home arrest pending a probe into a massive real estate fraud.
Paul was charged Saturday with money laundering and influence-buying in a case involving the restitution of real estate that prosecutor.... More »
Northumberland Co-operative Limited, which touts itself as “the only dairy that’s pure New Brunswick,” plans to sell its dairy and food service assets to Quebec-based Agropur.
An economics researcher has analyzed stock market responses to World Cup defeats and found that those from losing nations have underperformed, while winning nations outperform.
Ontario takes the right step with $2.5-billion investment lure
– theglobeandmail.com
The province is trying to get on a level playing field with states such as South Carolina by dangling a monetary carrot before foreign manufacturers
Consumer Financial Protection Bureau sues debt collection firm for mass-produced law suits
– canadianbusiness.com
WASHINGTON – The Consumer Financial Protection Bureau sued a major debt collection law firm on Monday, alleging it is a “mill” that produces shoddy, mass-produced credit-card collection lawsuits.
The bureau’s claim, filed in federal court in Atlanta, states that Frederick J. Hanna & Associates has filed hundreds of thousands of lawsuits on behalf of banks including JPMorgan Chase, Bank of America, Capital One and Discover without doing even basic checks to determine whether the people they sued actually owed debts.
“The Hanna firm relies on deception and faulty evidence to drag consumers to court and collect millions,” the bureau’s director, Richard Cordray, said in a statement. “We believe they are taking advantage of consumers’ lack of legal expertise to intimidate them into paying debts they may not even owe.”
Though Hanna & Associates’ lawsuits have all the trappings of formal litigation, the bureau alleges, the firm is really a bulk debt-collection agency masquerading as a law firm…
The bureau’s claim, filed in federal court in Atlanta, states that Frederick J. Hanna & Associates has filed hundreds of thousands of lawsuits on behalf of banks including JPMorgan Chase, Bank of America, Capital One and Discover without doing even basic checks to determine whether the people they sued actually owed debts.
“The Hanna firm relies on deception and faulty evidence to drag consumers to court and collect millions,” the bureau’s director, Richard Cordray, said in a statement. “We believe they are taking advantage of consumers’ lack of legal expertise to intimidate them into paying debts they may not even owe.”
Though Hanna & Associates’ lawsuits have all the trappings of formal litigation, the bureau alleges, the firm is really a bulk debt-collection agency masquerading as a law firm…
Business Highlights
– canadianbusiness.com
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Citigroup to pay $7B in subprime mortgages probe
WASHINGTON (AP) — Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said “shattered lives” and contributed to the worst financial crisis in decades.
The settlement represents a moment of reckoning for one of the country’s biggest and most significant banks, which will now be responsible for providing financial support to Americans whose lives were dismantled by the largest economic meltdown since the Great Depression.
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US companies look overseas for tax bill relief
A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses in a trend that may eventually cost the federal government billions of dollars in revenue.
Generic drugmaker Mylan Inc. said Monday it will become part of a new company organized in the Netherlands in a $5…
Citigroup to pay $7B in subprime mortgages probe
WASHINGTON (AP) — Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said “shattered lives” and contributed to the worst financial crisis in decades.
The settlement represents a moment of reckoning for one of the country’s biggest and most significant banks, which will now be responsible for providing financial support to Americans whose lives were dismantled by the largest economic meltdown since the Great Depression.
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US companies look overseas for tax bill relief
A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses in a trend that may eventually cost the federal government billions of dollars in revenue.
Generic drugmaker Mylan Inc. said Monday it will become part of a new company organized in the Netherlands in a $5…
