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Making sense of the markets this week: December 7 + MORE Dec 4th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Canadians with smaller portfolios are the target for deferred service charge (DSC) mutual funds
There was some good news and bad news in this article on Advisor’s Edge. Th.... More »
Horgan gives $600 million in tax rebates to help curb inflationary pressures - Vancouver Sun Sep 7th
Horgan gives $600 million in tax rebates to help curb inflationary pressures Vancouver SunB.C. government announces 2 tax credit boosts, rent increase cap for 2023 Global NewsB.C. caps rent increases at 2%, boosts climate tax credit and family benefit as cost of living soars&nb.... More »
Has Trudeau reached a tipping point? A new poll shows his support slipping. + MORE Mar 7th
Justin Trudeau returned from India with some new investment agreements, an embarrassing diplomatic incident to sort out, and according to a new poll, less support from voters.
In the latest edition of Abacus Data’s regular survey, 36 per cent of committed voters said they’d mark the box beside b.... More »
High interest rates and unemployment: Expectations for June’s rate announcement + MORE May 10th
The odds of a June interest rate cut from the Bank of Canada (BoC) appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month. The jobs gain far surpassed forecasters’ expectations and marked the largest employment increase in more than .... More »
Building a profitable and stable portfolio + MORE Jun 26th
Investors often fixate on the latest news and hot stocks popping up in investing media. They demand to know which stocks or sectors should they should invest in next. When they do get an answer, they are often steered towards to stocks or sectors that have been trending recently, but often these.... More »
Woman, 60, ponders early retirement: Is it time to sell the house?
– theglobeandmail.com
Financial planner's advice includes ways Bev might enhance her financial security
A look at Experian, the credit monitoring company at the centre of the T-Mobile data breach
– canadianbusiness.com
NEW YORK, N.Y. – In the latest high-profile breach of a U.S. organization, hackers broke into Experian’s database of information on 15 million T-Mobile customers and potential customers. But what is Experian, and why does the credit bureau keep data on a wireless carrier’s customers?
Here’s a Q&A about what happened at Experian and what could happen next.
WHAT INFORMATION DOES EXPERIAN HAVE ON ME?
If you’ve applied for a credit card, mortgage, student loan or any financial product in the last three decades, Experian likely has some sort of data on you. The Consumer Financial Protection Bureau estimates Experian, Equifax and TransUnion hold records on more than 200 million Americans.
The data can be basic information like your address and birthdate. But if you’ve applied for credit, the agencies could know more about your financial situation than your parents or spouse do. They’ll have your Social Security number, all of the banks you have credit card accounts with, the limit on those cards and if you pay them down regularly…
Here’s a Q&A about what happened at Experian and what could happen next.
WHAT INFORMATION DOES EXPERIAN HAVE ON ME?
If you’ve applied for a credit card, mortgage, student loan or any financial product in the last three decades, Experian likely has some sort of data on you. The Consumer Financial Protection Bureau estimates Experian, Equifax and TransUnion hold records on more than 200 million Americans.
The data can be basic information like your address and birthdate. But if you’ve applied for credit, the agencies could know more about your financial situation than your parents or spouse do. They’ll have your Social Security number, all of the banks you have credit card accounts with, the limit on those cards and if you pay them down regularly…
Regulators close The Bank of Georgia in the 7th bank failure of 2015
– canadianbusiness.com
Regulators are closing a small Georgia bank, marking the seventh failure of a federally insured bank this year.
The Bank of Georgia, based in Peachtree City, Georgia, was closed Friday, the Federal Deposit Insurance Corp. said.
Fidelity Bank, a subsidiary of Fidelity Southern Corp., agreed to buy $255.3 million of the failed bank’s assets and will gain seven locations.
As of June 30, The Bank of Georgia had about $294.2 million in total assets and $280.7 million in total deposits.
The failure is expected to cost the FDIC $23.2 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 The Bank of Georgia in the 7th bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
The Bank of Georgia, based in Peachtree City, Georgia, was closed Friday, the Federal Deposit Insurance Corp. said.
Fidelity Bank, a subsidiary of Fidelity Southern Corp., agreed to buy $255.3 million of the failed bank’s assets and will gain seven locations.
As of June 30, The Bank of Georgia had about $294.2 million in total assets and $280.7 million in total deposits.
The failure is expected to cost the FDIC $23.2 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 The Bank of Georgia in the 7th bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
Online stock brokerage firm Scottrade says info of 4.6 million customers may have been stolen
– canadianbusiness.com
NEW YORK, N.Y. – Online stock brokerage company Scottrade said that the names and addresses of about 4.6 million of its customers may have been stolen by hackers.
The company said Friday that the Federal Bureau of Investigation recently informed it of the hack, which occurred between the end of 2013 and early 2014. Scottrade spokeswoman Shea Leordeanu said the FBI told the company that other companies were also hacked, but did not name them. The FBI did not immediately respond to a request for comment.
Scottrade said that Social Security numbers, email addresses and other sensitive information was in the system that was hacked, but hackers focused on stealing customer names and addresses.
The St. Louis-based company, which runs an online stock trading platform and bank, said customer’s funds were not stolen and no account passwords were taken. Scottrade said it has strengthened its network to prevent other hacks.
The data breach comes a day after credit ratings agency Experian said hackers broke into its system and stole the personal information of about 15 million that have applied for T-Mobile wireless service…
The company said Friday that the Federal Bureau of Investigation recently informed it of the hack, which occurred between the end of 2013 and early 2014. Scottrade spokeswoman Shea Leordeanu said the FBI told the company that other companies were also hacked, but did not name them. The FBI did not immediately respond to a request for comment.
Scottrade said that Social Security numbers, email addresses and other sensitive information was in the system that was hacked, but hackers focused on stealing customer names and addresses.
The St. Louis-based company, which runs an online stock trading platform and bank, said customer’s funds were not stolen and no account passwords were taken. Scottrade said it has strengthened its network to prevent other hacks.
The data breach comes a day after credit ratings agency Experian said hackers broke into its system and stole the personal information of about 15 million that have applied for T-Mobile wireless service…
Sprint, Bank of America and FedEx are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Sprint Corp. (S), up 20 cents to $4.25
The telecommunications and wireless company plans to cut jobs and $2.5 billion in costs, according to The Wall Street Journal.
Bank of America Corp. (BAC), down 17 cents to $15.38
The bank’s Merrill Lynch unit will face a shareholder lawsuit alleging a conflict of interest over its role in the $690 million sale of Zale Corp.
FedEx Corp. (FDX), up 81 cents to $145.52
Rival United Parcel Service Inc. is lobbying against the delivery service’s buyout of TNT Express, according to media reports.
Supervalu Inc. (SVU), down 4 cents to $6.99
The grocery wholesaler and retailer said that President and CEO Sam Duncan will retire in February, at the end of the fiscal year.
T-Mobile US Inc. (TMUS), up 57 cents to $40.70
Hackers have stolen personal information belonging to about 15 million of the telecommunications company’s wireless customers…
NYSE
Sprint Corp. (S), up 20 cents to $4.25
The telecommunications and wireless company plans to cut jobs and $2.5 billion in costs, according to The Wall Street Journal.
Bank of America Corp. (BAC), down 17 cents to $15.38
The bank’s Merrill Lynch unit will face a shareholder lawsuit alleging a conflict of interest over its role in the $690 million sale of Zale Corp.
FedEx Corp. (FDX), up 81 cents to $145.52
Rival United Parcel Service Inc. is lobbying against the delivery service’s buyout of TNT Express, according to media reports.
Supervalu Inc. (SVU), down 4 cents to $6.99
The grocery wholesaler and retailer said that President and CEO Sam Duncan will retire in February, at the end of the fiscal year.
T-Mobile US Inc. (TMUS), up 57 cents to $40.70
Hackers have stolen personal information belonging to about 15 million of the telecommunications company’s wireless customers…
