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Canadian borrowers wait and wonder if rates will rise tomorrow: Don Pittis - CBC.ca + MORE Sep 5th
CBC.caCanadian borrowers wait and wonder if rates will rise tomorrow: Don PittisCBC.caFor millions of Canadians, whether or not the Bank of Canada increases interest rates tomorrow isn't merely a financial page headline. It's a matter of money out of their pockets. July's single quart.... More »
Know your TFSA contribution limit + MORE Oct 6th
For Canadian investors and savers, it’s always some of the best news to come each year: new TFSA room that becomes available each January 1. And for 2022, the TFSA contribution limit is $6,000.
The actual TFSA yearly limit was set at $5,000 back in 2009 when the investment account was first create.... More »
Why did Pfizer, Moderna COVID-19 vaccines get new names after approval? Experts explain - Global News Sep 19th
Why did Pfizer, Moderna COVID-19 vaccines get new names after approval? Experts explain Global NewsBig gap between Pfizer, Moderna vaccines seen for preventing COVID hospitalizations Yahoo News CanadaCovid-19 breakthrough infections: 4 reasons some people get them In.... More »
RBC Capital Markets Poaches UBS Head of U.S. Sponsors + MORE Oct 2nd
RBC Capital Markets has shuffled the leadership of its team of bankers that advise private-equity firms, poaching UBS AG's U.S. head of financial sponsors, Matthew Stopnik, to become joint head of sponsors at the Canadian investment bank, according to people familiar with the matter..... More »
Could you become a millionaire by investing the minimum wage hike? + MORE Jan 23rd
(Shutterstock)
Ontario Premier Kathleen Wynne increased the minimum wage from $11.60 per hour to $14.00 per hour on January 1, 2018. The rate will rise to $15.00 on January 1, 2019, meaning a 29% total increase. Besides Alberta and the territories, the other Canadian provinces have minimum wages of .... More »
Jury is out on value of stock buy backs
– thestar.com
Investors know the stock buyback drill. It may not help them in a rising market.Prentice sees stronger year for oil patch, but warns of foreign investment chill
– theglobeandmail.com
Prentice was one of the first to sound the alarm last fall that the Harper government’s decision to hang out a not-welcome sign to state-owned enterprises would be a disaster for foreign investment in Canada’s oilpatch
Regulators shutter small bank in Texas; brings this year’s US bank failures to 24
– canadianbusiness.com
WASHINGTON – Regulators have closed a small bank in Texas, bringing the number of U.S. bank failures to 24 this year.
The Federal Deposit Insurance Corp. said Friday it has taken over Texas Community Bank NA, based in The Woodlands, Texas.
The lender, which operated two branches, had about $160.1 million in assets and $142.6 million in deposits as of Sept. 30.
Spirit of Texas Bank SSB, based in College Station, Texas, agreed to assume all of Texas Community Bank’s deposits and to buy $147.9 million of the failed bank’s assets.
The FDIC is retaining the remaining assets for later disposition.
The failure of Texas Community Bank is expected to cost the deposit insurance fund $10.8 million.
The lender is the second FDIC-insured institution to fail in Texas this year. In September, it shuttered First National Bank, based in Edinburg, Texas.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
In 2007, only three banks went under…
The Federal Deposit Insurance Corp. said Friday it has taken over Texas Community Bank NA, based in The Woodlands, Texas.
The lender, which operated two branches, had about $160.1 million in assets and $142.6 million in deposits as of Sept. 30.
Spirit of Texas Bank SSB, based in College Station, Texas, agreed to assume all of Texas Community Bank’s deposits and to buy $147.9 million of the failed bank’s assets.
The FDIC is retaining the remaining assets for later disposition.
The failure of Texas Community Bank is expected to cost the deposit insurance fund $10.8 million.
The lender is the second FDIC-insured institution to fail in Texas this year. In September, it shuttered First National Bank, based in Edinburg, Texas.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
In 2007, only three banks went under…
Debt-focused medical resident, 27, keen to build a healthy portfolio
– theglobeandmail.com
As his career as a physician progresses, how can Brian best use RRSPs and TFSAs to reach his financial goals?
The stock market rally of 2013 has been broad based which may mean it has plenty of room for Wall Street to keep going higher in the new year.
