Close allies defy U.S. to join China-backed World Bank rival: reports + MORE Mar 17th

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Wealthsimple Trade in-depth review 2021: The pros and cons Mar 6th

Since making its debut in 2014, Canada’s Wealthsimple has helped to demystify investing for hundreds of thousands of regular people who want to grow their money. The company’s success thus far is unquestionable: As of late February 2021, its AUM (assets under management) have been valued at $8.4.... More »
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Stock news for investors: Canopy Growth to acquire MTL Cannabis in $125-million deal + MORE Dec 19th

Here’s a round-up of news for Canadian investors this week. Canopy Growth Blackberry Transat Featured RRSP Accounts featured EQ Bank Build your retirement savings with 1.50% in.... More »
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Zooming out on the global economy + MORE Apr 13th

This week is all about the big picture. In a world where economic policy is diverging widely, amidst a mixed bag of slowing growth, volatile oil prices and political instability (and don’t forget the Greek bailout talks!), you could safely ask if there’s a week that’s all about the.... More »

The best credit cards in Canada for 2024 Feb 29th

Spend The best credit cards in Canada for 2024 Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport access, we can help. Compare now powered by Why trust us .... More »
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Wal-Mart beats 3Q profit forecasts + MORE Nov 17th

BENTONVILLE, Ark. (AP) _ Wal-Mart Stores Inc. (WMT) on Thursday reported fiscal third-quarter net income of $3.03 billion. On a per-share basis, the Bentonville, Arkansas-based company said it had net income of 98 cents. The results exceeded Wall Street expectations. The average estimate of 13 analy.... More »
WASHINGTON – Lawmakers are getting their chance this week to weigh in on the “net neutrality” debate that has pitted Internet activists against big cable companies and prompted a record number of public comments filed to U.S. regulators.
The issue requires lawmakers to walk a delicate political line: Many consumers want to keep the power of cable and wireless providers in check, and they oppose the idea of paid fast lanes on the Internet. But service providers say the latest plan endorsed by the Federal Communications Commission will become a regulatory land mine that will discourage investment.
The House Oversight and Government Reform Committee on Tuesday was convening the first hearing on the subject since the FCC voted last month to put the Internet in the same regulatory camp as the telephone, using the 1934 Communications Act. This means that whenever a company provides an Internet connection, it has to act in the public interest and not do anything considered “unjust or unreasonable…

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This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.

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NEW YORK, N.Y. – Interest rates could soon rise in the U.S. for the first time in almost a decade, and that’s shaking up financial markets.
Why all the anticipation? The Federal Reserve has held its benchmark rate close to zero since December 2008 to encourage borrowing and spending, and it’s been even longer since the Fed actually raised the cost of borrowing. The central bank last lifted rates in June 2006, the final hike in a two-year series of increases.
The Fed holds a policy meeting Tuesday. After a strong run of job growth in the U.S., investors will be watching closely for any insight into whether the central bank is considering raising rates. That’s a move that some analysts say could happen as early as June.
But investors aren’t waiting for the Fed. They’re already favouring stocks they think will do well under an improving economy — and the higher rates that come with it. They’re also steering away from investments they think will suffer…

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France, Germany and Italy have agreed to follow Britain’s lead and join the Asian Infrastructure Investment Bank, a major setback for Washington, the Financial Times reported

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HONG KONG – The Hong Kong government gave final approval Tuesday for a third runway at the Asian financial centre’s airport, aiming to meet surging growth in passengers and air cargo.
Officials said the project will begin next year and cost 141.5 billion Hong Kong dollars ($18.2 billion).
About 650 hectares (1,600 acres) of land will be reclaimed from the sea for the runway and a new passenger building. Construction is expected to be completed by 2023.
Hong Kong International Airport expects to reach maximum capacity under its current layout by 2022 at the latest.
Last year, the airport handled 63.4 million passengers and 4.4 million metric tons of cargo, both records.
The airport predicts that the third runway will allow it to handle 102 million passengers and 8.9 million tons of freight a year by 2030.
Across Asia, airport operators are scrambling to build new terminals or expand existing ones to keep up with growth in air travel.
The post Hong Kong’s airport gets green light to build $18 billion third runway to meet surging demand appeared first on Canadian Business.

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