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Latest News
New fee-disclosure rules may hinder apples-to-apples comparisons + MORE Jan 24th
Known as CRM2, the fee and performance disclosure framework seeks to clarify what Canadians pay for investment advice
.... More »
Canadian print media poised to get financial aid in next federal budget + MORE Jan 26th
All signs point to print media getting a much-needed financial assist from the federal government
.... More »
The unique ways women approach finance + MORE Oct 23rd
The standard cliché is that, relatively speaking, men are financial daredevils who like risk and that women are cautious and want security..... More »
Most actively traded companies on the TSX + MORE Oct 22nd
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,939.04, up 91.12 points):
Canopy Growth Corp. (TSX:CGC). Drug manufacturer. Down 40 cents, or 5.54 per cent, to $6.82 on 5.6 million shares.
Spartan Energy Corp. (TSX:SPE). Oil and gas. Down six.... More »
At the close: Stocks tick up, oil gains in thin holiday trading Dec 27th
Stocks edged higher as the world’s major financial markets resumed after a Christmas break, with oil gaining as OPEC supply cuts loom
.... More »
Google stock crosses $1,000 mark on strength of earnings report
– canadianbusiness.com
NEW YORK, N.Y. – Strong third-quarter results have sent Google shares past the $1,000 mark for the first time.
Shortly after the markets opened Friday, Google Inc. shares jumped more than 12 per cent to $1,002. The stock had never before surpassed $928 in regular market trading since Google went public at $85 per share nine years ago.
Late Thursday, Google reported better-than-expected third-quarter results. The numbers showed that while the company’s advertising prices continue to decline, that’s being offset by a larger number of people clicking on ads.
Google shares have climbed steadily for much of the past five years, more than doubling in value. But the stock has slipped slightly in recent months, while the overall market has risen, amid worries about deteriorating ad prices.
The post Google stock crosses $1,000 mark on strength of earnings report appeared first on Canadian Business.
Shortly after the markets opened Friday, Google Inc. shares jumped more than 12 per cent to $1,002. The stock had never before surpassed $928 in regular market trading since Google went public at $85 per share nine years ago.
Late Thursday, Google reported better-than-expected third-quarter results. The numbers showed that while the company’s advertising prices continue to decline, that’s being offset by a larger number of people clicking on ads.
Google shares have climbed steadily for much of the past five years, more than doubling in value. But the stock has slipped slightly in recent months, while the overall market has risen, amid worries about deteriorating ad prices.
The post Google stock crosses $1,000 mark on strength of earnings report appeared first on Canadian Business.
Swiss private bank Frey closes, citing burdensome regulation after US tax row
– canadianbusiness.com
GENEVA – A Swiss private bank says it is closing down because of what it calls costly and burdensome rules it needs to follow in the wake of a tax evasion row between Switzerland and the United States.
Bank Frey & Co. AG said its shareholders voted late Thursday to shutter the bank even though it is “financially healthy.”
The exclusive bank is one of 14 Swiss institutions under investigation by U.S. authorities over possible tax evasion by their American clients.
Washington and Bern reached a deal in August that would require Swiss banks to disclose information on U.S. clients and assets. Some would also have to pay a penalty.
Frey had links to Switzerland’s oldest private bank, Wegelin & Co., which closed at the start of the year after coming under U.S. pressure.
The post Swiss private bank Frey closes, citing burdensome regulation after US tax row appeared first on Canadian Business.
Bank Frey & Co. AG said its shareholders voted late Thursday to shutter the bank even though it is “financially healthy.”
The exclusive bank is one of 14 Swiss institutions under investigation by U.S. authorities over possible tax evasion by their American clients.
Washington and Bern reached a deal in August that would require Swiss banks to disclose information on U.S. clients and assets. Some would also have to pay a penalty.
Frey had links to Switzerland’s oldest private bank, Wegelin & Co., which closed at the start of the year after coming under U.S. pressure.
The post Swiss private bank Frey closes, citing burdensome regulation after US tax row appeared first on Canadian Business.
Weekend Readings
– IntelligentSpeculator.net
Very interesting to see how the richest guys on the planet got there right? Look at this fascinating chart and here are a few good readings to check out!General Readings
-Is the market efficient? Of course not @ The New Yorker
-Why OPEC no longer calls the shots @ WSJ
-Sell winners, hold losers? @ SeekingWisdom
Dividend & Passive Income Readings
-Dividend Growth, the only thing that matters @ TheDividendGuyBlog
Tech Stock Readings
-Why you should stay out of Twitter @ Objective View
The post Weekend Readings appeared first on Intelligent Speculator.
Ex-Spanish ruling party treasurer says he handed slush fund payments personally to top member
– canadianbusiness.com
MADRID – The jailed former financial chief of the ruling Popular Party says he personally handed thousands of euros to the party’s current secretary general as part of an off-the-books payment scheme he acknowledges he ran.
Speaking by video from prison Friday, Luis Barcenas told a Toledo court that he handed two envelopes containing 7,500 euros ($10,000) each in cash to Maria Cospedal in 2008.
Cospedal denied before the court that she received the payments. She is suing Barcenas for defamation.
Barcenas says the slush fund payments were a party tradition but Prime Minister Mariano Rajoy has denied this vehemently.
Barcenas was jailed in June after he was found to have held millions of euros in secret Swiss bank accounts.
The post Ex-Spanish ruling party treasurer says he handed slush fund payments personally to top member appeared first on Canadian Business.
Speaking by video from prison Friday, Luis Barcenas told a Toledo court that he handed two envelopes containing 7,500 euros ($10,000) each in cash to Maria Cospedal in 2008.
Cospedal denied before the court that she received the payments. She is suing Barcenas for defamation.
Barcenas says the slush fund payments were a party tradition but Prime Minister Mariano Rajoy has denied this vehemently.
Barcenas was jailed in June after he was found to have held millions of euros in secret Swiss bank accounts.
The post Ex-Spanish ruling party treasurer says he handed slush fund payments personally to top member appeared first on Canadian Business.
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
