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The Globe and MailBrexit turmoil worrying British business leadersThe Globe and MailBusiness leaders expressed alarm on Thursday as a draft Brexit agreement seen as the only chance of preserving some stability in UK-EU trading relations threatened to unravel, sending stock prices and the pound plung.... More »
Shares of Red Hat skyrocketed 47 per cent at the opening of trading in New York Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company..... More »
The fallout from the global financial crisis was widespread and much has changed for the Canadian economy including drivers like oil prices and the loonie, which failed to go back to pre-recession levels..... More »
A day after Wednesday's dramatic rise, New York stock markets reversed course and headed downwards amid uncertainty over trade and U.S. growth, then had another change of direction in the final hour of trading and ended in positive territory..... More »
The ‘hostile’ takeover offer for cannabis company Aphria is littered with red flags - MarketWatch Dec 31st
The ‘hostile’ takeover offer for cannabis company Aphria is littered with red flags MarketWatchStreetwise newsletter: Best reads of the week and year The Globe and MailAphria wrestles with hostile takeover bid by Ohio-based company Windsor StarAphria says hostile.... More »
The federal government is prepared to consider assuming some of the financial risk as a solution to the Trans Mountain pipeline expansion feud involving Kinder Morgan and B.C.
Grrr! IIROC, please leave us alone! With friends like you, self-directed investors don’t need enemies. Despite receiving many objections and warnings from both investors and discount brokers (such a convergence of views sure doesn’t happen often!) against measures that will make the discount broker business more complicated and costly to the detriment of investors, the regulator IIROC is ploughing ahead with a revised Guidance. What kind of bad things for investors are likely?disappearance and future restriction of many useful useful tools like model portfolios under the pretext that this is making recommendations aka providing advice, which the discount brokers are not allowed to provide; I would dearly like to see a (good) risk assessment module attached to the model portfolio selection tools but this probably won’t happen nowrising fees or commissions charged to investors as the brokers are obliged to provide more complicated vetting procedures to ensure investors are only allowed to open “appropriate” accountsAs I said in my own comments to IIROC over a year ago, the history of the discount brokers over the two decades during which I have been an active investor with a bunch of them (BMO InvestorLine, TD Direct Investing, Questrade, RBC Direct Investing) has been pleasingly positive – low trading and administration costs, broad and steadily expanding product availability and services, responsive people when when a few administrative issues arose, impressive and widening range of useful tools, reports and educational material…