All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
China’s central banker says economy can hit growth target Mar 12th
BEIJING, China – In a new effort to dispel anxiety about China’s cooling economy, the central bank governor said Saturday the country can hit this year’s official growth target and Beijing has no need to weaken its currency to boost sagging exports.
Zhou Xiaochuan’s comments .... More »
Canadian hiking path hinges on business investment: Macklem - BNN Feb 9th
Canadian hiking path hinges on business investment: Macklem BNNThe role of Canadian business in fostering non-inflationary growth Bank of CanadaBank of Canada: Economy needs more capacity investment, not stimulus ReutersProductivity boost needed from businesses: Mack.... More »
Calgary real estate market continues to cool as house sales drop for 20th month in a row + MORE Aug 2nd
Calgary's real estate picture continues to diverge from the hot markets in Toronto and Vancouver with a 20th consecutive month of declining home sales in July..... More »
Fox and Disney shareholders approve deal for entertainment assets + MORE Jul 27th
Twenty-First Century Fox Inc. and Walt Disney Co. said on Friday their shareholders voted to approve Disney's $71 billion US purchase of Fox's film and television assets..... More »
Media union raises alarm over CBC real estate selloff plans + MORE Sep 23rd
Public broadcaster says it is sticking to five-year strategy announced in 2014, but Canadian Media Guild warns drive to sell property could threaten the CBC’s role as a producer of original Canadian programming
.... More »
Carrick on money: Mortgage shopping? Go five-year fixed
– theglobeandmail.com
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Calgary oil explorer Bellatrix target of activist investor Orange Partners
– canadianbusiness.com
CALGARY – Calgary oil and gas developer Bellatrix Exploration Ltd. (TSX:BXE) has become the target of a U.S. activist investor.
New York-based Orange Capital LLC disclosed in regulatory filings Tuesday that it’s bought a 5.3 per cent stake in Bellatrix, which has operations in British Columbia, Alberta and Saskatchewan.
The hedge fund said it plans to talk to the management of Bellatrix about ways to “maximize shareholder value.”
That could include hiring an outside adviser to make recommendations on “strategic alternatives, capital allocation and improved investor communications” as well as making changes to the energy company’s board of directors.
Orange also wants Bellatrix to take steps to bring its valuation “in line with its intrinsic value,” adding the company currently lags its Canadian peers.
As well, it wants Bellatrix to stop diluting its share price by issuing stock and to explore a potential joint-venture, spinout or sale of its midstream assets
Shares in Bellatrix were up more than eight per cent at $8…
New York-based Orange Capital LLC disclosed in regulatory filings Tuesday that it’s bought a 5.3 per cent stake in Bellatrix, which has operations in British Columbia, Alberta and Saskatchewan.
The hedge fund said it plans to talk to the management of Bellatrix about ways to “maximize shareholder value.”
That could include hiring an outside adviser to make recommendations on “strategic alternatives, capital allocation and improved investor communications” as well as making changes to the energy company’s board of directors.
Orange also wants Bellatrix to take steps to bring its valuation “in line with its intrinsic value,” adding the company currently lags its Canadian peers.
As well, it wants Bellatrix to stop diluting its share price by issuing stock and to explore a potential joint-venture, spinout or sale of its midstream assets
Shares in Bellatrix were up more than eight per cent at $8…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Should I get out of my high-fee mutual funds?
– moneysense.ca
Q: I’ve been with a big investment firm for about 7-8 years now. I like our adviser, but I keep hearing that the firm’s management fees are some of the highest in the business. Is it costly to switch to a new, perhaps fee-based adviser and get into new financial products?—KeithA: Fees are important when it comes to investing, Keith, though different advisers provide different levels of service that don’t necessarily coincide with their fees. You shouldn’t always opt for the lowest fee option without assessing what you get in return for what you pay. But since fees are cumulative, you want to make sure you’re minimizing them to the extent possible.
Your firm tends to have fees that are high relative to some other mutual fund companies. I say this in particular given the size of some of their funds, which should allow them to reduce fees due to economies of scale. Your Series A mutual fund has an annual management expense ratio (MER) of 2.39%. The average Canadian equity mutual fund has a comparable MER of 2…
