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4 Canadian energy firms blacklisted by world’s largest wealth fund over high emissions - Globalnews.ca May 13th
4 Canadian energy firms blacklisted by world’s largest wealth fund over high emissions Globalnews.caView Full coverage on Google News.... More »
'Wildcard' Trump could affect markets, economic outlook in 2017 + MORE Jan 2nd
Donald Trump, who will be inaugurated as the next U.S president on Jan. 20, brings with him a high level of uncertainty for 2017, investment managers and economists say..... More »
Debt is another four-letter word for most of us + MORE Nov 30th
Learn, save, invest and prosper with My Own Advisor.
A while back on this site I wrote about my distaste for debt. For example, our bank owns close to half our home. Sure, there is “good debt” such as borrowing money for an appreciating asset (like a house) but a mortgage limits our cash flo.... More »
Bank of Montreal boosts dividend, reports $1.25B quarterly profit May 30th
The Bank of Montreal joined its peers in delivering second-quarter profits that beat expectations as Canada's Big Five banks earned a collective $10.6 billion — up nearly 11 per cent from a year ago..... More »
Making sense of the markets this week: November 13, 2022 Nov 11th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Cooling inflation leads to red-hot day for the markets
Part of being neighbours with the most powerful country in the world is that.... More »
40 days – 2.75%
– ratesupermarket.ca
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.
How Foreigners Became America's Financial Regulators
– online.wsj.com
The Fed and Treasury are answering to a board of the G-20 without admitting it to the American people.NY, federal authorities settle suits against BNY Mellon over currency transactions for $714M
– canadianbusiness.com
ALBANY, N.Y. – New York and federal authorities reached a $714 million settlement Thursday with Bank of New York Mellon in lawsuits alleging the bank fraudulently represented rates for client currency transactions for a decade.
Lawsuits filed in 2011 said BNY Mellon misrepresented rates it would give in currency exchanges, providing clients nearly the worst rates of the trading day while promising the best, obtaining the best rates for itself and keeping the difference.
New York Attorney General Eric Schneiderman and U.S. Attorney Preet Bharara said their joint effort showed the bank misled customers and breached their trust. The bank has agreed to terminate certain executives involved, they said.
“Investors count on financial institutions to tell them the truth about how their investments are being managed,” Schneiderman said. “But Bank of New York Mellon misled customers and traded at their expense.”
Bharara said: “The bank, after three years of litigation, has finally admitted what was always clear from the evidence — contrary to its various representations, including a claim of ‘best rates,’ the bank in fact gave clients prices at or near the worst interbank rates reported during the trading day…
Lawsuits filed in 2011 said BNY Mellon misrepresented rates it would give in currency exchanges, providing clients nearly the worst rates of the trading day while promising the best, obtaining the best rates for itself and keeping the difference.
New York Attorney General Eric Schneiderman and U.S. Attorney Preet Bharara said their joint effort showed the bank misled customers and breached their trust. The bank has agreed to terminate certain executives involved, they said.
“Investors count on financial institutions to tell them the truth about how their investments are being managed,” Schneiderman said. “But Bank of New York Mellon misled customers and traded at their expense.”
Bharara said: “The bank, after three years of litigation, has finally admitted what was always clear from the evidence — contrary to its various representations, including a claim of ‘best rates,’ the bank in fact gave clients prices at or near the worst interbank rates reported during the trading day…
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
HNZ Group reports Q4 loss of $2.9M; revenue falls almost a third to $42M
– canadianbusiness.com
MONTREAL – HNZ Group Inc. (TSX:HNZ.A) has reported a fourth-quarter net loss as revenue fell by almost a third year over year due to the end of its contacts in Afghanistan and reduced activities in Western Canada and elsewhere.
The Montreal-based provider of helicopter services to government and private clients around the world said Thursday that its net loss was $2.9 million or 22 cents per share in the three months ended Dec. 31, reversing last year’s profit of $6.5 million or 50 cents per share.
Revenue fell to just under $42 million from $62 million in the prior-year period.
“The fourth quarter reflected the conclusion of our Afghanistan contracts,” president and CEO Don Wall said in the company’s earnings release, issued after markets closed.
“However, the recent offshore contract award from Shell Canada marks a milestone in the execution of our post-Afghanistan strategy to enter the offshore oil and gas support business in Eastern Canada.”
For the full year, HNZ reported net income of $12…
The Montreal-based provider of helicopter services to government and private clients around the world said Thursday that its net loss was $2.9 million or 22 cents per share in the three months ended Dec. 31, reversing last year’s profit of $6.5 million or 50 cents per share.
Revenue fell to just under $42 million from $62 million in the prior-year period.
“The fourth quarter reflected the conclusion of our Afghanistan contracts,” president and CEO Don Wall said in the company’s earnings release, issued after markets closed.
“However, the recent offshore contract award from Shell Canada marks a milestone in the execution of our post-Afghanistan strategy to enter the offshore oil and gas support business in Eastern Canada.”
For the full year, HNZ reported net income of $12…
