How to go about securing the best return for your investment in Canada.
Latest News
JPMorgan making big profits by flipping cargo vessels + MORE Nov 19th
The investment bank is the biggest buyer of second-hand cargo freighters this year, having purchased 12 ships for $250-million. In an industry where rates can fluctuate wildly, 'If you have ships ready to take advantage of the spot market, you can make a lot of money'
.... More »
Some of the worst acquisitions ever, and the billions lost + MORE Jul 1st
Companies have dug deep in their pockets to buy other companies recently, raising the risk that they’ve overpaid. If true, investors will suffer. Companies would be forced to “write down” their goodwill, an asset on financial statements that represents the premiums paid in deals, a.... More »
Getting Financing After Bankruptcy IS Possible Aug 29th
Contrary to popular belief, it is possible to obtain a personal loan after you have been declared bankrupt.
It is not going to be an easy process by any stretch of the imagination, but it certainly is possible. On this page, we are going to go through everything that you need to know about obtaining.... More »
What happens when a buyer backs out of a real estate deal? Aug 31st
When it comes to backing out of a real estate deal, the law doesn’t tend to side with the dealbreaker, says Ron Butler, a veteran mortgage broker and one of the founders of Butler Mortgage in Toronto. If you’re the buyer, “You should find a way to complete the sale—beg, borrow, do whatever y.... More »
The Bank of Canada Carolyn Wilkins: ‘Uncertainty lingers’ + MORE Oct 6th
Carolyn Wilkins. (Photograph by Erin Schaff)
OTTAWA — The Bank of Canada’s senior deputy governor says there’s still uncertainty around the long-hoped-for rebound of the country’s crucial non-resource export sectors.
In prepared remarks of a Quebec speech she was to deliver Thur.... More »
Stocks slump…Oil prices drop… Lagarde favours adding yuan to IMF currency basket
– canadianbusiness.com
NEW YORK, N.Y. – Investors are licking their wounds after the stock market slumped to its second-biggest weekly loss of the year on Friday, breaking a streak of six consecutive weeks of gains. The Dow Jones industrial average fell nearly 203 points, or 1.2 per cent. The S&P 500 gave up about 23 points, or 1.1 per cent. And the Nasdaq slipped 77 points, or 1.5 per cent.
Oil prices are dropping because demand can’t keep up with increasing supplies. Benchmark U.S. crude fell $1.01, or 2.4 per cent, to $40.74 a barrel Friday in New York. And Brent crude, the international benchmark, lost 45 cents, or 1 per cent, to $43.61 a barrel in London.
WASHINGTON (AP) — The head of the International Monetary Fund says she supports adding China to an exclusive club of the world’s top currencies. Christine Lagarde says she supports findings by staff at the IMF that China’s currency, the yuan, meets the criteria for inclusion in the basket of currencies used in the fund’s operations…
Oil prices are dropping because demand can’t keep up with increasing supplies. Benchmark U.S. crude fell $1.01, or 2.4 per cent, to $40.74 a barrel Friday in New York. And Brent crude, the international benchmark, lost 45 cents, or 1 per cent, to $43.61 a barrel in London.
WASHINGTON (AP) — The head of the International Monetary Fund says she supports adding China to an exclusive club of the world’s top currencies. Christine Lagarde says she supports findings by staff at the IMF that China’s currency, the yuan, meets the criteria for inclusion in the basket of currencies used in the fund’s operations…
