Japan’s Rakuten to buy cash-back site Ebates for $1 billion, aiming to expand product line-up + MORE Sep 9th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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120 days – 1.75%

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This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.

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60 days – 1.75%

– ratesupermarket.ca

This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.

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KUALA LUMPUR, Malaysia – Asian stock markets notched modest gains Tuesday and the dollar hit a six-year high against the yen on expectations the Federal Reserve will soon end stimulus and raise interest rates. European stocks were slightly lower.
KEEPING SCORE: France’s CAC 40 was down 0.1 per cent at 4,471.01 and Germany’s DAX shed 0.1 per cent to 9,747.41. Britain’s FTSE 100 was down 0.2 per cent at 6,819.88 amid jitters Scotland will vote to split from the United Kingdom in a Sept. 18 independence referendum. The pound stabilized after a sharp fall Monday. Futures pointed to a weak session on Wall Street. S&P 500 futures were down 0.1 per cent and Dow futures were little changed.
BREAKUP JITTERS: A possible severing of Scotland’s centuries-old union with England is alarming international investors and could spell trouble for the United Kingdom, which is Europe’s third largest economy. It could hit Britain’s trade balance and dent its income with oil reserves possibly reallocated back to Scotland…

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5.5 year – 2.60%

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This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.

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TOKYO – Japanese e-commerce giant Rakuten Inc. says it plans to buy the U.S. based cash-back purchasing site Ebates for $1 billion.
The company said Tuesday that it aims to build the world’s largest product line-up, ranging from niche to luxury products.
Rakuten, which competes with Amazon.com, is the top Internet retailer in Japan. It has made numerous overseas acquisitions, including Cyprus-based Internet phone application Viber Media and led a $100 million investment in online scrapbook site Pinterest.
Rakuten and San Francisco, California-based Ebates both have membership-based online shopping platforms. Retailers pay Ebates to advertise their products and Ebates then gives rebates to eligible online purchases.
Rakuten plans to buy all of Ebates’ 32.852 million shares, financing the deal through cash, bank loans, bonds and commercial paper.
The post Japan’s Rakuten to buy cash-back site Ebates for $1 billion, aiming to expand product line-up appeared first on Canadian Business.

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