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800-pound gorilla thwarted by Bombardier's savvy move: Don Pittis + MORE Oct 18th
Giving away its prize asset, the CSeries aircraft, is Bombardier's smartest investment in years..... More »
Don’t get stuck on financial advice that doesn’t ring true Mar 26th
Finance tips and advice that worked decades ago aren’t always relevant in today’s day and age. Still, well-meaning friends and family often recycle the same information for younger generations—only for them to find out the hard way the advice might be inaccurate.
Financial experts say the.... More »
Terminal operator announces agreement with proposed Cape Breton harbour facility + MORE Dec 13th
SYDNEY, N.S. — The biggest terminal operator in North America has signed a deal to work with Sydney harbour to develop and operate a marine container facility proposed for the Cape Breton community.
Ports America says in a news release it would manage and operate the Novaporte terminal for 40 year.... More »
The best GIC rates in Canada for 2025 Jan 20th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Add Value to Your Home With These Home Changes May 20th
East or west, home is the best. Well, rightly so. Your home is your sanctuary, an area of comfort and stability that ties to your daily routine. To an extent, your home is your most significant investment, as it should be. That being said, you must maintain and add value to your home through renovat.... More »
Environment dwarfs financial merit in LNG deal for B.C. First Nations
– theglobeandmail.com
In the second stage of votes, B.C. first Nations group have unanimously rejected a $1-billion offer from LNG
Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015
– canadianbusiness.com
NEW YORK, N.Y. – Regulators have closed a small bank in Chicago, marking the fifth failure of a federally insured bank 2015.
Edgebrook Bank was closed by the Illinois Department of Financial & Professional Regulation on Friday. Republic Bank of Chicago agreed to buy $79.7 million of the failed bank’s assets, and the Federal Deposit Insurance Corp. will retain the rest. The bank’s sole branch will reopen during normal business hours.
Edgebrook Bank had $90 million in assets and $90 million in deposits as of March 31.
The failure is expected to cost the FDIC $16.8 million.
According to the FDIC, a total of 18 banks failed in 2014. That’s down from 24 the year before, and far below the 157 banks that went under in 2010 in the wake of the financial crisis.
The post Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
Edgebrook Bank was closed by the Illinois Department of Financial & Professional Regulation on Friday. Republic Bank of Chicago agreed to buy $79.7 million of the failed bank’s assets, and the Federal Deposit Insurance Corp. will retain the rest. The bank’s sole branch will reopen during normal business hours.
Edgebrook Bank had $90 million in assets and $90 million in deposits as of March 31.
The failure is expected to cost the FDIC $16.8 million.
According to the FDIC, a total of 18 banks failed in 2014. That’s down from 24 the year before, and far below the 157 banks that went under in 2010 in the wake of the financial crisis.
The post Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
Bombardier eyes rail unit IPO in Frankfurt
– theglobeandmail.com
The planes and trains maker unveiled broad plans to list a minority stake in Bombardier Transportation a day earlier but gave few details
Canada’s two largest funds take big stake in U.K. telecom
– theglobeandmail.com
CPPIB said its investment amounts to about $2-billion, while the Caisse’s stake is undisclosed
B.C. broker who ‘lied’ ordered by securities regulator to pay $30,000 penalty
– canadianbusiness.com
VANCOUVER – British Columbia’s securities regulator has ordered a broker to pay a $30,000 penalty for misconduct.
The B.C. Securities Commission says its panel found William Wood traded in securities that were on his employer’s restricted list and set up an offshore structure to hide his trading activities.
The panel says Wood intentionally withheld the information from his employer and lied to commission staff and the Investment Industry Regulatory Organization of Canada.
The panel says in a written decision that Wood’s conduct raises concerns about his fitness to be a registrant and whether he represents a risk to the capital market.
In addition to the $30,000 penalty, Wood has been prohibited from becoming or acting as a registrant.
The panel says Wood also cannot be in a management or consultative role in connection to the securities market for a year.
The post B.C. broker who ‘lied’ ordered by securities regulator to pay $30,000 penalty appeared first on Canadian Business – Your Source For Business News.
The B.C. Securities Commission says its panel found William Wood traded in securities that were on his employer’s restricted list and set up an offshore structure to hide his trading activities.
The panel says Wood intentionally withheld the information from his employer and lied to commission staff and the Investment Industry Regulatory Organization of Canada.
The panel says in a written decision that Wood’s conduct raises concerns about his fitness to be a registrant and whether he represents a risk to the capital market.
In addition to the $30,000 penalty, Wood has been prohibited from becoming or acting as a registrant.
The panel says Wood also cannot be in a management or consultative role in connection to the securities market for a year.
The post B.C. broker who ‘lied’ ordered by securities regulator to pay $30,000 penalty appeared first on Canadian Business – Your Source For Business News.
