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India businesses say shock currency swap painful but needed + MORE Nov 10th
NEW DELHI – Delivering one of India’s biggest-ever economic upsets, Prime Minister Narendra Modi this week declared the bulk of Indian currency notes no longer held any value and told anyone holding those bills to take them to banks.
Only those holding huge stashes of untaxed “blac.... More »
Making sense of the markets this week: December 21 + MORE Dec 18th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Bitcoin defies gravity
It’s as though bitcoin has left the atmosphere, moving to new all-time highs this week. Here’s a tweet from Paul R. La Monica of CNN…
Source: .... More »
Our bucket approach to earning income in retirement + MORE Apr 4th
Save, invest, prosper with My Own Advisor.
Earning income in retirement
There is a wealth of information about asset accumulation, how to save within your registered and non-registered accounts to plan for retirement – when you’re no longer working. Or maybe you are working? Potentially .... More »
Canadians are turning to credit cards for financial stress relief — and debt is on the rise - CBC News Sep 6th
Canadians are turning to credit cards for financial stress relief — and debt is on the rise CBC NewsFinancial Stress Mounts, Credit Card Demand and Debt Rise Financial PostEquifax says total consumer debt $2.32T in Q2, up 8.2% from 2021 BNN BloombergStressed about .... More »
Markets response to U.S. Federal Reserve Aug 24th
U.S. stocks rallied close to their records Friday after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy.
The S&P 500 rose 1.1% after Fed Chair Jerome Powell said in a highly anti.... More »
5 top Central Bank of Nigeria officers arrested in theft of $33 million in defaced naira notes
– canadianbusiness.com
LAGOS, Nigeria – Financial crime agents say they have arrested 21 bankers including senior executives of the Central Bank of Nigeria for the theft of $33 million worth of defaced naira currency notes.
The Economics and Financial Crimes Commission says a whistleblower alerted it to the “mega scam” that it believes has gone unchecked for years.
It says officers of eight commercial banks in Nigeria, including bank leaders Ecobank and Zenith Bank, are among the suspects.
The fraud involved replacing notes in Nigeria’s naira currency that had been designated for destruction with cut up pieces of newspaper. It charges the suspects then recycled the defaced and mutilated notes.
A statement Monday says those arrested will be charged on five counts in a federal high court this week.
The post 5 top Central Bank of Nigeria officers arrested in theft of $33 million in defaced naira notes appeared first on Canadian Business – Your Source For Business News.
The Economics and Financial Crimes Commission says a whistleblower alerted it to the “mega scam” that it believes has gone unchecked for years.
It says officers of eight commercial banks in Nigeria, including bank leaders Ecobank and Zenith Bank, are among the suspects.
The fraud involved replacing notes in Nigeria’s naira currency that had been designated for destruction with cut up pieces of newspaper. It charges the suspects then recycled the defaced and mutilated notes.
A statement Monday says those arrested will be charged on five counts in a federal high court this week.
The post 5 top Central Bank of Nigeria officers arrested in theft of $33 million in defaced naira notes appeared first on Canadian Business – Your Source For Business News.
It’s a buyer’s market in Calgary right now for luxury homes. There are roughly 600 listings for homes worth more than $1 million in the city, and only 65 sold last month.
The Cure for Stock-Market Fragmentation: More Exchanges
– online.wsj.com
Consolidation isn’t the answer. Better to license 10 venues, each trading about 800 stocks exclusively.TSX higher as motley gainers cancel energy drag – Reuters Canada
– news.google.ca
CBC.caTSX higher as motley gainers cancel energy dragReuters CanadaTORONTO (Reuters) – Canada's main stock index ended higher on Monday, with gains from an auto parts maker, a pharmaceutical company and a dollar store operator helping offset losses from the index's heavyweight energy sector. Valeant Pharmaceutical …CANADA STOCKS-TSX higher as motley gainers cancel energy dragReutersTSX closes higher amid mixed US dataTimes ColonistNorth American markets higher as investors weigh mixed U.S. economic datamysask.comBaystreet.caall 50 news articles »
U.S. Fed official wary of bankers’ backlash against stricter regulations
– theglobeandmail.com
Vice-chairman tells Toronto conference that successful reforms can breed complacency about financial risks
