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Refinancing your mortgage? Here’s why a professional home appraisal is step one Mar 27th
Before you refinance your mortgage, it’s important to know your home’s true value. A professional home appraisal gives you an accurate picture of the value of your property, helping you make smarter financial decisions from lowering your monthly payments to accessing equity to evaluating your re.... More »
What Canada's top CEOs think of the Trudeau government's performance on the economy - The Globe and Mail Jun 29th
What Canada's top CEOs think of the Trudeau government's performance on the economy The Globe and MailAs the country gears up for the October election, The Globe and Mail asked business leaders to help us take stock of the Liberal government's economic ...View full coverage on Google News.... More »
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White House says next G7 to be held at Trump golf resort in Miami - CBC.ca + MORE Oct 17th
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Most actively traded companies on the TSX, TSX Venture Exchange markets
– canadianbusiness.com
TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (15,482.57 up 51.19 points):
Colossus Minerals Inc. (TSX:CSI). Miner. Down 22.5 cents, or 52.33 per cent, at 20.5 cents on 24.70 million shares.
Niko Resources Ltd. (TSX:NKO). Oil and gas. Down $1.27, or 48.47 per cent, at $1.35 on 7.9 million shares. Second-quarter net loss totalled US$149 million, up from US$59 million.
Bombardier Inc. (TSX:BBD.B). Plane and train maker. Up 10 cents, or 2.20 per cent, at $4.64 on 5.53 million shares.
Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Down 13.5 cents, or 26.47 per cent, at 37.5 cents on 5.18 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Up 30 cents, or 1.56 per cent, at $19.51 on 4.65 million shares.
Toronto Venture Exchange (934.07 up 2.45 points):
VentriPoint Diagnostics Ltd. (TSXV:VPT). Medical equipment. Down 10.5 cents, or 70 per cent, at 4.5 cents on 6.81 million shares…
Toronto Stock Exchange (15,482.57 up 51.19 points):
Colossus Minerals Inc. (TSX:CSI). Miner. Down 22.5 cents, or 52.33 per cent, at 20.5 cents on 24.70 million shares.
Niko Resources Ltd. (TSX:NKO). Oil and gas. Down $1.27, or 48.47 per cent, at $1.35 on 7.9 million shares. Second-quarter net loss totalled US$149 million, up from US$59 million.
Bombardier Inc. (TSX:BBD.B). Plane and train maker. Up 10 cents, or 2.20 per cent, at $4.64 on 5.53 million shares.
Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Down 13.5 cents, or 26.47 per cent, at 37.5 cents on 5.18 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Up 30 cents, or 1.56 per cent, at $19.51 on 4.65 million shares.
Toronto Venture Exchange (934.07 up 2.45 points):
VentriPoint Diagnostics Ltd. (TSXV:VPT). Medical equipment. Down 10.5 cents, or 70 per cent, at 4.5 cents on 6.81 million shares…
Beware the sales pitch for actively managed mutual funds
– theglobeandmail.com
Wealth management specialists will tell you that these funds dominated this year, but one year is insignificant
Oil hovers around $94 a barrel as Fed stimulus balances supply concerns
– canadianbusiness.com
NEW YORK, N.Y. – The price of oil circled $94 for a second week as the promise of the continuation of the Federal Reserve’s economic stimulus was balanced by abundant U.S. supplies.
Benchmark West Texas Intermediate crude rose eight cents to close at US$93.84 a barrel on the New York Mercantile Exchange on Friday, a day after incoming Federal Reserve chief Janet Yell en indicated that economic stimulus will remain in place pending further improvement in the U.S. economy. The Fed’s low interest rate policy has supported investment in riskier assets such as oil and stocks.
Yellen’s remarks helped offset further signs of oversupply. Data from the Energy Department showed the U.S. produced more crude oil than it imported in October for the first time since 1995. It also showed crude oil supplies rising for an eighth straight week, by 2.6 million barrels.
Oil has traded between US$93 and US$96 a barrel over the past two weeks, and is down 77 cents since Nov. 1.
Brent crude, the international benchmark, gained 22 cents to US$108…
Benchmark West Texas Intermediate crude rose eight cents to close at US$93.84 a barrel on the New York Mercantile Exchange on Friday, a day after incoming Federal Reserve chief Janet Yell en indicated that economic stimulus will remain in place pending further improvement in the U.S. economy. The Fed’s low interest rate policy has supported investment in riskier assets such as oil and stocks.
Yellen’s remarks helped offset further signs of oversupply. Data from the Energy Department showed the U.S. produced more crude oil than it imported in October for the first time since 1995. It also showed crude oil supplies rising for an eighth straight week, by 2.6 million barrels.
Oil has traded between US$93 and US$96 a barrel over the past two weeks, and is down 77 cents since Nov. 1.
Brent crude, the international benchmark, gained 22 cents to US$108…
JPMorgan reaches $4.5-billion settlement with investors over mortgage-backed securities
– theglobeandmail.com
Deal is the latest in a series of legal settlements over JPMorgan’s sales of mortgage-backed securities in the years preceding the financial crisis
JPMorgan reaches $4.5 billion settlement with investors over mortgage-backed securities
– canadianbusiness.com
JPMorgan Chase & Co. has reached a $4.5 billion settlement with investors who said the bank deceived them about bad mortgage investments.
The settlement, announced Friday, covers 21 major institutional investors, including competitor Goldman Sachs, BlackRock Financial Management, and Metropolitan Life Insurance Co. The mortgage-backed securities were sold by JPMorgan — the biggest U.S. bank — and Bear Stearns between 2005 and 2008.
The deal is the latest in a series of legal settlements over JPMorgan’s sales of mortgage-backed securities in the years preceding the financial crisis. As the housing market collapsed between 2006 and 2008, millions of homeowners defaulted on high-risk mortgages. That led to billions of dollars in losses for investors who bought securities created from bundles of mortgages. Those securities were sold by JPMorgan and other big Wall Street banks.
New York-based JPMorgan has said that most of its mortgage-backed securities came from investment bank Bear Stearns and savings and loan Washington Mutual, troubled companies that JPMorgan acquired in 2008…
The settlement, announced Friday, covers 21 major institutional investors, including competitor Goldman Sachs, BlackRock Financial Management, and Metropolitan Life Insurance Co. The mortgage-backed securities were sold by JPMorgan — the biggest U.S. bank — and Bear Stearns between 2005 and 2008.
The deal is the latest in a series of legal settlements over JPMorgan’s sales of mortgage-backed securities in the years preceding the financial crisis. As the housing market collapsed between 2006 and 2008, millions of homeowners defaulted on high-risk mortgages. That led to billions of dollars in losses for investors who bought securities created from bundles of mortgages. Those securities were sold by JPMorgan and other big Wall Street banks.
New York-based JPMorgan has said that most of its mortgage-backed securities came from investment bank Bear Stearns and savings and loan Washington Mutual, troubled companies that JPMorgan acquired in 2008…
