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B.C. trade mission trip to China derailed in wake of Huawei executive's arrest Dec 9th
China's foreign ministry called in the U.S. ambassador on Sunday to lodge a "strong protest" over the arrest in Canada of Huawei Technologies Co. Ltd.'s chief financial officer. China also cancelled meetings for a B.C. trade mission..... More »
Linamar stock jumps in wake of $1.2-billion MacDon deal + MORE Dec 15th
It’s Linamar’s best day on the market since Nov. 7, when it reported a drop in third-quarter earnings compared with a year ago and missed analyst estimates
.... More »
“Is it time to buy a home, or should I continue renting?” Sep 15th
Early in the summer of 2020, I wrote about how the uncertainty of the COVID-19 pandemic had some home buyers reviewing their decision to jump into the housing market. After a quiet spring season, there’s been a resurgence in housing demand in markets across the country, with record-breaking sales .... More »
A parents’ guide to home down payment gifts and loans + MORE Aug 20th
It used to be that parents budgeted for post-secondary education or contributing to the costs of a child’s wedding. But now, I am increasingly finding parents planning for home down payment gifts.
The statistics support this and show an increase in down payment help in recent years. A CIBC stud.... More »
Term vs. permanent life insurance: How to choose what’s right for you + MORE Oct 8th
Life insurance can protect your loved ones financially after you’re gone, but picking the right kind can protect your wallet even when you’re alive. Generally, there are two kinds of life insurance: term life insurance and permanent life insurance. Permanent life insurance provides lifel.... More »
Before the Bell: Stocks rally, TSX heads for sharp gains
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
No end in sight to Canada’s infrastructure spending binge
– theglobeandmail.com
Politicians want to keep spending on new things, while doing little to ensure there will be real returns on investment
Malaysia’s central bank says debt-laden fund broke foreign exchange rules, must return $1.8B
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Malaysia’s central bank said Friday a debt-laden state investment fund violated foreign exchange rules and must repatriate $1.83 billion it used abroad.
The central bank said 1MDB obtained permission for overseas investments based on “inaccurate or without complete disclosure of material information.” The bank said therefore it revoked three approvals it previously granted for 1MDB investments and ordered the fund to repatriate the total of $1.83 billion to Malaysia.
No details were given on when the investments were made.
The central bank’s move is a new blow to the fund, which was set up by Prime Minister Najib Razak in 2009 to develop new industries, but faces accusations of graft and mismanagement after it accumulated at least 42 billion ringgit ($10 billion) in debt.
The central bank began investigating the fund earlier this year and said it has recommended criminal prosecution of the fund.
The attorney general however, said Thursday that it had studied the central bank investigation report but found no wrongdoing by fund officials…
The central bank said 1MDB obtained permission for overseas investments based on “inaccurate or without complete disclosure of material information.” The bank said therefore it revoked three approvals it previously granted for 1MDB investments and ordered the fund to repatriate the total of $1.83 billion to Malaysia.
No details were given on when the investments were made.
The central bank’s move is a new blow to the fund, which was set up by Prime Minister Najib Razak in 2009 to develop new industries, but faces accusations of graft and mismanagement after it accumulated at least 42 billion ringgit ($10 billion) in debt.
The central bank began investigating the fund earlier this year and said it has recommended criminal prosecution of the fund.
The attorney general however, said Thursday that it had studied the central bank investigation report but found no wrongdoing by fund officials…
SABMiller meets with investors amid takeover bid by AB InBev
– canadianbusiness.com
LONDON – SABMiller met with investors Friday to underscore its strength as an independent company, as the world’s second-biggest brewer seeks to head off a takeover by larger rival Anheuser-Busch InBev.
SABMiller said the meetings focused on the company’s accelerating growth and a stepped up cost-cutting program that will target $1.05 billion of savings by March 2020, more than double the previous goal of $500 million by 2018.
“We are continuing to remove duplication across markets, bringing specialist expertise in areas like procurement under one roof, and standardizing common processes,” CEO Alan Clark said in a statement. “It results in our markets being freed up to concentrate on what they do best — growing revenue with local consumers and customers.”
The announcement comes two days after SABMiller rejected a 68 billion pound ($104 billion) takeover bid from AB InBev, the Belgium-based company that makes Budweiser. The offer of 42.15 pounds a share is 11 per cent more than AB InBev’s initial proposal and 28 per cent higher than SABMiller’s stock price before the bid was announced Sept…
SABMiller said the meetings focused on the company’s accelerating growth and a stepped up cost-cutting program that will target $1.05 billion of savings by March 2020, more than double the previous goal of $500 million by 2018.
“We are continuing to remove duplication across markets, bringing specialist expertise in areas like procurement under one roof, and standardizing common processes,” CEO Alan Clark said in a statement. “It results in our markets being freed up to concentrate on what they do best — growing revenue with local consumers and customers.”
The announcement comes two days after SABMiller rejected a 68 billion pound ($104 billion) takeover bid from AB InBev, the Belgium-based company that makes Budweiser. The offer of 42.15 pounds a share is 11 per cent more than AB InBev’s initial proposal and 28 per cent higher than SABMiller’s stock price before the bid was announced Sept…
Weekend Reading – TFSA election impacts, why dividends, Millennials and money and more
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
Welcome to some Long Weekend Reading – I hope you enjoy your time with family and friends this Thanksgiving. It’s certainly time for me to give thanks and be thankful for many things in my life. I’m thankful and blessed to have a supportive, beautiful and loving wife. I’m thankful for my family and their health. I’m thankful I have a good employer with a good job that has good benefits. I’m thankful that I have clean water and a roof over my head. I’m thankful for peace in our country. I’m thankful for my health and my mind, to do many things I decide to put my mind and my efforts into. I’m thankful for many things…
Enjoy these Weekend Reading articles and Happy Thanksgiving.
If you like the TFSA and low taxes on capital gains, then the Financial Post said don’t vote NDP.
Brighter Life shared some thoughts about the TFSA regarding the upcoming election.
Why dividend investing? Read this post here…
Welcome to some Long Weekend Reading – I hope you enjoy your time with family and friends this Thanksgiving. It’s certainly time for me to give thanks and be thankful for many things in my life. I’m thankful and blessed to have a supportive, beautiful and loving wife. I’m thankful for my family and their health. I’m thankful I have a good employer with a good job that has good benefits. I’m thankful that I have clean water and a roof over my head. I’m thankful for peace in our country. I’m thankful for my health and my mind, to do many things I decide to put my mind and my efforts into. I’m thankful for many things…
Enjoy these Weekend Reading articles and Happy Thanksgiving.
If you like the TFSA and low taxes on capital gains, then the Financial Post said don’t vote NDP.
Brighter Life shared some thoughts about the TFSA regarding the upcoming election.
Why dividend investing? Read this post here…
