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MoneySense 2021 Holiday Gift Guide + MORE Dec 14th
Need gift ideas? We have great money-themed presents for everyone on your list. You’ll find gifts that enhance security, teach financial skills, save money (now and in the future) and more.
1. Fraud-proof wallet
If you know someone who’s worried about their credit card being hacked, this w.... More »
Does divorce after a long separation make sense? + MORE Feb 24th
Q: I have been legally separated since 1999. The children are aged 27, 31, 33 so no custody or child support issues. All common assets were divided in 1999. We have lived completely separate lives with no money exchanging since child support ended. What is the simplest way to file for divorce? I h.... More »
Married with money: How to combine finances with your partner + MORE Dec 21st
If you’re in a relationship, the topic of money will eventually come up. Since the pandemic started, couples have spent more time talking about money, according to a 2021 RBC poll. Almost half—47%—identified finances as one of the biggest stressors in their relationship. One U.S. study found t.... More »
US Treasury takes 'one of its most significant sanctions actions to date' on anniversary of Russia's war against Ukraine - CNN + MORE Feb 24th
US Treasury takes 'one of its most significant sanctions actions to date' on anniversary of Russia's war against Ukraine CNNUS announces sweeping new Russia sanctions 1 year into war Toronto StarZelenskiy Sends Ukrainian Lawmakers Sweeping Sanctions On Russian Financial Institu.... More »
Kirstine Stewart to leave Twitter + MORE Jul 21st
The Twitter logo appears on a phone post on the floor of the New York Stock Exchange, Tuesday, Oct. 13, 2015. Twitter is laying off up to 336 employees, signaling CEO Jack Dorsey’s resolve to slash costs while the company struggles to make money. (AP Photo/Richard Drew)
TORONTO — TwitterR.... More »
Chinese leaders promise to promote growth by cutting business costs, reduce financial risk
– canadianbusiness.com
BEIJING, China – Chinese leaders promised Monday to promote economic growth by cutting business costs and reducing surplus production capacity in some industries as they try to reverse an unexpectedly sharp downturn.
After an annual planning meeting, Communist Party leaders also promised to reduce financial risks and rein in rising debt that has prompted concern about possible threats to China’s financial system.
The leadership under President Xi Jinping is in the midst of a multi-year effort to nurture slower, more sustainable growth based on domestic consumption instead of trade and investment. Growth has slowed more abruptly than expected over the past two years, forcing the party to juggle competing demands of shoring up the expansion while keeping reforms on track.
The pledges in Monday’s brief statement weren’t new, but they indicate where the ruling party’s priorities will lie in 2016.
The statement also gave no details of how key issues such as the status of state companies that dominate industries from banking to energy to telecoms would be affected…
After an annual planning meeting, Communist Party leaders also promised to reduce financial risks and rein in rising debt that has prompted concern about possible threats to China’s financial system.
The leadership under President Xi Jinping is in the midst of a multi-year effort to nurture slower, more sustainable growth based on domestic consumption instead of trade and investment. Growth has slowed more abruptly than expected over the past two years, forcing the party to juggle competing demands of shoring up the expansion while keeping reforms on track.
The pledges in Monday’s brief statement weren’t new, but they indicate where the ruling party’s priorities will lie in 2016.
The statement also gave no details of how key issues such as the status of state companies that dominate industries from banking to energy to telecoms would be affected…
Premarket: Oil at 11-year low, election impasse hits Spanish assets
– theglobeandmail.com
Euro stocks rise on Asia, Wall Street to open higher
CIBC selling stake in American Century investment firm for US$1 billion
– canadianbusiness.com
TORONTO – CIBC is selling its large minority stake in American Century Investments for about US$1 billion.
The Toronto-based bank (TSX:CM) estimates it will realize a gain of US$170 million, after taxes, when the transaction closes in the first half of 2016.
CIBC president and chief executive Victor Dodig says the funds from the sale will add about 0.5 per cent to CIBC’s Tier 1 equtiy, which was 10.8 per cent as of the end of October.
CIBC acquired its 41 per cent of the private investment management firm in August 2011 for US$848 cash.
The buyer is Nomura, one of Japan’s biggest banking groups.
American Century, headquartered in Kansas City, Mo., has 1,300 employees that manage mutual funds and other products..
The post CIBC selling stake in American Century investment firm for US$1 billion appeared first on Canadian Business – Your Source For Business News.
The Toronto-based bank (TSX:CM) estimates it will realize a gain of US$170 million, after taxes, when the transaction closes in the first half of 2016.
CIBC president and chief executive Victor Dodig says the funds from the sale will add about 0.5 per cent to CIBC’s Tier 1 equtiy, which was 10.8 per cent as of the end of October.
CIBC acquired its 41 per cent of the private investment management firm in August 2011 for US$848 cash.
The buyer is Nomura, one of Japan’s biggest banking groups.
American Century, headquartered in Kansas City, Mo., has 1,300 employees that manage mutual funds and other products..
The post CIBC selling stake in American Century investment firm for US$1 billion appeared first on Canadian Business – Your Source For Business News.
Before the Bell: Markets to bounce back; oil's slide continues
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
