Most actively traded companies on the TSX + MORE Dec 1st

Q: We are maxed out on our RRSPs and TFSAs and our remaining funds are in joint GICs (Guaranteed Investment Certificates). Due to our age, we are risk adverse and like to maintain GICs. However, the bank rates for GICs are relatively low and more importantly, the banks are covered under the Canadian Deposit Insurance Corporation (CDIC) for only $100,000.
This means that we have to spread our funds over various institutions – and this is becoming cumbersome.
We recently heard about credit unions covered by the Deposit Guarantee of Manitoba. Their GICs rates are more appealing and their limits are unlimited.
1. How safe or risky are the credit unions covered by the Deposit Guarantee of Manitoba?
2. Are there any other avenues to take?
3. Typically, what do corporations, business and/or private people do with their money if they have large sums of money to invest (more than $100,000)?
–Jack
A: Yours is a good problem to have, Jack. Although having too much money is better than the alternative, it never ceases to amaze me how the wealthy worry about money too – just in a different kind of way…

CBC.caMark Zuckerberg and wife Priscilla Chan to donate 99% of Facebook shares to …CBC.caFacebook CEO Mark Zuckerberg and his wife said they'll devote nearly all their wealth — roughly $45 billion — to good works in celebration of their new baby daughter, Max. Zuckerberg's wife, Priscilla Chan, gave birth to a healthy daughter last week …Facebook's CEO commits 99 percent of shares to new 'equality' initiativeReuters CanadaZuckerberg pledges 99% of his Facebook shares to charityCTV NewsMark Zuckerberg $45b baby surprise: He's giving away 99pc of his Facebook sharesNew Zealand HeraldUSA TODAY -New York Times -The Guardianall 514 news articles »

SAN FRANCISCO – Talk about birth announcements: Facebook CEO Mark Zuckerberg and his wife say they’ll devote nearly all their wealth — roughly $45 billion — to solving the world’s problems in celebration of their new baby daughter, Max.
Zuckerberg’s wife, Priscilla Chan, gave birth to a 7-pound, 8-ounce daughter last week. But the couple didn’t put out the news until Tuesday, when Zuckerberg posted it on Facebook, of course.
In the same post, Zuckerberg said he and Chan will, over time, commit 99 per cent of their Facebook stockholdings to such causes as fighting disease, improving education and “building strong communities.” The couple had previously pledged to give away at least half their assets during their lifetime, but hadn’t provided specifics.
They are forming a new organization, called the Chan Zuckerberg Initiative, that will pursue those goals through a combination of charitable donations, private investment and promotion of government-policy reform…

Federal government expected to file statement of defence in $1.2-billion lawsuit alleging the government offered certain assurances in return for investment

Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,636.06, up 166.23 points):
ProMetic Life Sciences Inc. (TSX:PLI). Biotechnology. Down 40 cents, or 11.30 per cent, to $3.14 on 11.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Up 49 cents, or 2.23 per cent, to $22.47 on 6.8 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 20 cents, or 7.09 per cent, to $3.02 on 6.7 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 33 cents, or 3.36 per cent, to $10.16 on 6.1 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up 25 cents, or 5.14 per cent, to $5.11 on 5.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up six cents, or 4.11 per cent, to $1.52 on 5.5 million shares.
Companies reporting major news:
Bank of Montreal (TSX:BMO). Bank. Up $1.11, or 1.44 per cent, to $78.22 on two million shares. BMO reported fourth-quarter net income rose 13 per cent from last year to $1.214 billion, beating analyst estimates and taking the total for the 2015 financial year to $4…