CIBC ranked No. 1 in mobile banking customer service + MORE Apr 3rd

The Saudi prince tasked with attracting foreign investment says U.S. President Donald Trump’s pro-business administration can be a good thing for the kingdom as it overhauls its economy and prepares to publicly list shares of state-owned oil giant Aramco.
Prince Saud bin Khalid al-Faisal, the acting governor of the Saudi Arabian General Investment Authority, pointed to last month’s visit to Washington by Deputy Crown Prince Mohammed bin Salman.
He told The Associated Press on Monday on the sidelines of the Annual Investment Meeting in Dubai that the White House may realize that business opportunities and investments in Saudi Arabia can benefit the U.S.
Saudi Arabia is preparing to list less than 5 per cent of Aramco next year in what could be the largest flotation in history.
The post Trump’s pro business stance buoys Saudi effort appeared first on Canadian Business – Your Source For Business News.

Bombardier backed down on its plans to offer hefty bonuses to six members of its senior executive team, putting off half of their $32 million in bonuses until 2020 and only if the company meets certain financial targets.

(Chris So/Toronto Star via Getty Images)
CIBC has come in first in a Canadian ranking of customer service in mobile banking. The bank topped the ranking based on its customizable experience, a feature to enable customers to book meetings and for its fingerprint ID security.
In its 2017 Mobile Banking scorCard Review, Surviscor surveyed the banks with 2,500 usage-related questions to find which mobile banking experience Canadians prefer.
Top 10 banks

Rank
Bank
Grade

1
CIBC
91%

2
National Bank
88%

3
Scotiabank
85%

4
Tangerine
75%

5
Desjardins
69%

6
PC Financial
67%

7
RBC Royal Bank
62%

8
Coast Capital Savings
58%

9
Meridian Credit Union
56%

10
ATB Financial
51%

“With CIBC, everything they do, they tend to do very well,” says Glenn Lacoste, President and CEO of Surviscor…

SNC-Lavalin is in talks to acquire WS Atkins PLC, an engineering and project management consultancy based in London, for the equivalent of C$3.5 billion.
Shares in WS Atkins soared Monday as it said it has received a tentative offer from the Montreal engineering giant worth 20.80 pounds cash per share.
WS Atkins said its board is prepared to recommend the offer, subject to reaching agreement on other possible terms and conditions, but warned there is no guarantee that a deal will be concluded.
WS Atkins stock closed up nearly 27 per cent at 19.50 pounds on the London Stock Exchange on Monday.
The company said under the rules governing takeovers and mergers, SNC-Lavalin (TSX:SNC) is required to make a firm offer or withdraw by May 1.
For its part, SNC-Lavalin said any firm offer would be subject to the satisfaction of a number of pre-conditions including the recommendation of the board of directors for WS Atkins. SNC-Lavalin said it also reserves the right to make a lower offer depending on the circumstances…

Q: My husband and I own a condo as an investment property. We want to transfer the title to my father who doesn’t own any property to avoid paying tax on the capital gain. Now, I have two questions regarding the tax on capital gain that we should pay, as well as land transfer fee that my dad has to pay:  (a) If we give the condo to my dad as a gift or sell it to him for let’s say $1, do we need to pay tax on the capital gain based on the current market value of the house? In this case, does he need to pay land transfer fee on the house based on market value? Or based on selling price? What happens if we sell it to my dad with a price lower than the actual market value with no capital gain for us.
—Marzieh
A: When you transfer property to a related adult other than your spouse, it is considered to be a deemed disposition at fair market value (FMV) at the date of transfer. Any increase in value of the property over its adjusted cost base (ACB), less outlays and expenses, is your taxable gain…