All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
What is CDIC insurance, how it works and what’s covered Oct 28th
Toilet paper isn’t the only thing Canadians were hoarding early in the pandemic. Headlines were buzzing that the Bank of Canada was running short of $50 bills too. Whether you were stuffing cash in your mattress or in the bottom of your sock drawer, the truth is your savings are safer at a financi.... More »
China Evergrande Debt Restructuring Looms - Bloomberg Markets and Finance Dec 6th
China Evergrande Debt Restructuring Looms Bloomberg Markets and FinanceChinese developer misses major bond repayment of $179 million Bangkok PostEvergrande Moves Toward Restructuring as Debt Deadlines Loom Yahoo Canada FinanceChina Evergrande shares hit 11-year low a.... More »
Making sense of the markets this week: June 14 Jun 11th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Meme stocks: They’re back…
I thought new investors would get tired of losing money. But I guess not.
Crowd co-ordinated investing in companies specifically to drive the .... More »
Canada’s Best Dividend Stocks 2022 + MORE Jan 26th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
Looking at the returns some investors seem to be enjoying .... More »
U.S. Commerce Secretary Wilbur Ross denies any wrongdoing in shorting stock Jun 20th
Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company..... More »
Gaming giant known for Assassin’s Creed, Far Cry sets up shop in Winnipeg
– canadianbusiness.com
WINNIPEG _ A world-renowned video game company is setting up shop in Winnipeg.
Ubisoft, which is known for games like Assassin’s Creed and Far Cry, says it is opening an office in the city.
The French gaming giant plans to invest $35 million in the province, creating 100 jobs over the next five years.
There will be opportunity for engineers, tool programmers and technical artists.
The company already has teams in Montreal, Quebec City, Saguenay, Toronto and Halifax.
Minister of Growth, Enterprise and Trade Blaine Pedersen says the gaming giant’s move to Manitoba will help grow the tech talent pool in the province.
“This private capital investment in Manitoba will create new jobs and opportunities for Manitoba students and graduates in the interactive digital media, information and communications technology fields,” Pedersen said in a release Friday.
The Winnipeg Ubisoft studio will support some of the company’s most successful open-world games like Assassin’s Creed…
Ubisoft, which is known for games like Assassin’s Creed and Far Cry, says it is opening an office in the city.
The French gaming giant plans to invest $35 million in the province, creating 100 jobs over the next five years.
There will be opportunity for engineers, tool programmers and technical artists.
The company already has teams in Montreal, Quebec City, Saguenay, Toronto and Halifax.
Minister of Growth, Enterprise and Trade Blaine Pedersen says the gaming giant’s move to Manitoba will help grow the tech talent pool in the province.
“This private capital investment in Manitoba will create new jobs and opportunities for Manitoba students and graduates in the interactive digital media, information and communications technology fields,” Pedersen said in a release Friday.
The Winnipeg Ubisoft studio will support some of the company’s most successful open-world games like Assassin’s Creed…
This post originally appeared at Better Dwelling. Stephen Punwasi is co-founder and chief data nerd at Better Dwelling.
Bank executives are all of a sudden very vocal about foreign buyers. Strange timing, since a branch of the Government of Canada quietly dropped a report expressing concerns regarding the Big Six last week.The Financial Consumer Agency of Canada (FCAC), the division in charge of protecting consumers from predatory conduct, released a 26 page report on domestic bank practices. The organization found that retail banking culture encourages employees to sell products, with little regard for the consumer. Even worse, they found that banks don’t have adequate measures in place to “monitor, identify and mitigate these risks.” It’s kind of a big deal, especially when you dig through the mortgage sections.
Disclaimer
First off, the FCAC is not addressing any alleged breaches of market conduct. If there were any, they have to be proven by a separate “track” of the FCAC, and they’ll enforce if required…
Bank executives are all of a sudden very vocal about foreign buyers. Strange timing, since a branch of the Government of Canada quietly dropped a report expressing concerns regarding the Big Six last week.The Financial Consumer Agency of Canada (FCAC), the division in charge of protecting consumers from predatory conduct, released a 26 page report on domestic bank practices. The organization found that retail banking culture encourages employees to sell products, with little regard for the consumer. Even worse, they found that banks don’t have adequate measures in place to “monitor, identify and mitigate these risks.” It’s kind of a big deal, especially when you dig through the mortgage sections.
Disclaimer
First off, the FCAC is not addressing any alleged breaches of market conduct. If there were any, they have to be proven by a separate “track” of the FCAC, and they’ll enforce if required…
Nearly half of all new condos sales that were finalized last year in the Greater Toronto Area were for rental purposes, but income from them could be falling short of ownership costs, according to a new study by CIBC.
Hydro One deal to buy U.S. company Avista receives antitrust clearance
– canadianbusiness.com
TORONTO _ Hydro One Ltd. says it has received antitrust clearance in the United States for its deal to acquire U.S. energy company Avista Corp.
The Ontario-based utility says the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Thursday night.
Hydro One announced the friendly deal to acquire Avista last summer in an agreement that valued the company at $6.7 billion.
The deal still requires several other approvals, including those from utility commissions in Washington, Idaho, Oregon, Montana and Alaska.
The U.S. Federal Communications Commission must also sign off on the transaction and clearance is required by the Committee on Foreign Investment in the United States.
The agreement has received approval from the U.S. Federal Energy Regulatory Commission as well as Avista shareholders.
The post Hydro One deal to buy U.S. company Avista receives antitrust clearance appeared first on Canadian Business – Your Source For Business News.
The Ontario-based utility says the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Thursday night.
Hydro One announced the friendly deal to acquire Avista last summer in an agreement that valued the company at $6.7 billion.
The deal still requires several other approvals, including those from utility commissions in Washington, Idaho, Oregon, Montana and Alaska.
The U.S. Federal Communications Commission must also sign off on the transaction and clearance is required by the Committee on Foreign Investment in the United States.
The agreement has received approval from the U.S. Federal Energy Regulatory Commission as well as Avista shareholders.
The post Hydro One deal to buy U.S. company Avista receives antitrust clearance appeared first on Canadian Business – Your Source For Business News.
OSC gathering info on cryptocurrency trading platforms after complaints
– canadianbusiness.com
TORONTO _ The Ontario Securities Commission is gathering information on several cryptocurrency trading platforms after it received a number of complaints.
The regulator says the platforms, and any businesses that allow cryptocurrencies that are securities to trade on them, may be offside securities laws.
It says any platform that offers this type of trading must determine whether it is a marketplace. Marketplaces are required to comply with the rules governing exchanges or alternative trading systems.
The regulator says to date, none have been recognized as an exchange, or exempted from recognition.
The move by the Ontario regulator comes amid the rise of initial coin offerings, which may be used by companies as an alternative way to raise money.
With little regulation, initial coin offerings have raised worries about possible financial scams.
The post OSC gathering info on cryptocurrency trading platforms after complaints appeared first on Canadian Business – Your Source For Business News.
The regulator says the platforms, and any businesses that allow cryptocurrencies that are securities to trade on them, may be offside securities laws.
It says any platform that offers this type of trading must determine whether it is a marketplace. Marketplaces are required to comply with the rules governing exchanges or alternative trading systems.
The regulator says to date, none have been recognized as an exchange, or exempted from recognition.
The move by the Ontario regulator comes amid the rise of initial coin offerings, which may be used by companies as an alternative way to raise money.
With little regulation, initial coin offerings have raised worries about possible financial scams.
The post OSC gathering info on cryptocurrency trading platforms after complaints appeared first on Canadian Business – Your Source For Business News.
