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TSX falls to April levels - Toronto Star + MORE Oct 11th
CTV NewsTSX falls to April levelsToronto StarThe Toronto stock market closed sharply lower Friday, racking up its third triple-digit slide this week Friday as worries about the global economy left the main index at its lowest level since April. The S&P/TSX composite index fell 233.24 points to 1.... More »
Business Highlights + MORE Apr 26th
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Russia’s Lavrov: West plotting to control Ukraine
Russia’s economy felt the sting of the Ukrainian crisis Friday after Standard & Poor’s cut its credit rating to near junk and Moscow hiked interest rates to keep its sliding ruble from fueling inflation.
The impact could get.... More »
At 26, this millennial in finance is making $375,000 a year working in the U.S. Now, she wants to focus on writing a book + MORE Aug 23rd
“I entered finance in hopes of saving enough to take a shot at freelance writing for a few years, unconstrained by financial concerns,” Jen said..... More »
Six avoidable financial mistakes and how to fix them Apr 18th
You might be suffering from the impacts of making these financial mistakes. Here’s what to avoid, and how to fix each one..... More »
Did you manage to resist selling your stocks during the crash? Good. But now might be the time to do it Jun 23rd
The uncertainty over how the pandemic will play out and what the path to economic recovery will look like begs the question: What should you do with your investment portfolio now?.... More »
The Canada Pension Plan has signed an agreement to acquire the assets of Assiniboia Farmland LP, a fund that owns farmland in Saskatchewan, for $128 million.
Mutual fund class-action lawsuit OK'd by Supreme Court – CBC.ca
– news.google.ca
Financial PostMutual fund class-action lawsuit OK'd by Supreme CourtCBC.caCanada's highest court will allow a class-action lawsuit against two of Canada's largest financial companies to go ahead. In a 7-0 decision, the Supreme Court ruled on Thursday that a class-action suit can proceed against mutual fund firms AIC Ltd. and CI …Supreme Court clears way for 'market timing' class actionThe Globe and MailSupreme Court gives green light to class suit against fund managersNanaimo Daily NewsFund companies could face double jeopardyAdvisor.caall 8 news articles »
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
Canada’s highest court will allow a class-action lawsuit against two of Canada’s largest financial companies to go ahead.
General Motors sells 8.5 per cent stake in Ally Financial for about $900 million
– canadianbusiness.com
DETROIT – General Motors says it has sold its 8.5 per cent stake in Ally Financial for about $900 million.
The Detroit automaker said Thursday it expects to record a gain of $500 million from the deal in its fourth-quarter earnings.
It wouldn’t say who bought the stake, which was sold in a private placement.
Ally is GM’s former auto loan and mortgage arm. It had to be rescued by the U.S. government at the height of the financial crisis.
The Treasury Department still holds a 64 per cent stake in Ally, with the rest held by a mix of institutional investors.
GM says the deal gives the company more financial flexibility. It says Ally will continue to make loans to GM dealers and customers.
The post General Motors sells 8.5 per cent stake in Ally Financial for about $900 million appeared first on Canadian Business.
The Detroit automaker said Thursday it expects to record a gain of $500 million from the deal in its fourth-quarter earnings.
It wouldn’t say who bought the stake, which was sold in a private placement.
Ally is GM’s former auto loan and mortgage arm. It had to be rescued by the U.S. government at the height of the financial crisis.
The Treasury Department still holds a 64 per cent stake in Ally, with the rest held by a mix of institutional investors.
GM says the deal gives the company more financial flexibility. It says Ally will continue to make loans to GM dealers and customers.
The post General Motors sells 8.5 per cent stake in Ally Financial for about $900 million appeared first on Canadian Business.
