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Canadian dollar, TSX gain strength Wednesday as oil price rises - Montreal Gazette + MORE Jan 27th
The Globe and MailCanadian dollar, TSX gain strength Wednesday as oil price risesMontreal GazetteTORONTO - The Canadian dollar and Toronto Stock Exchange gained strength as Wednesday's trading session progressed. The S&P/TSX composite index had been down shortly after the open but was up 13.... More »
Laurentian Bank to acquire Canadian arm of CIT Group + MORE Jun 30th
MONTREAL – Laurentian Bank of Canada (TSX:LB) has reached an agreement with New York-based CIT Group Inc. to acquire its Canadian equipment financing and corporate financing activities.
The Montreal-based bank didn’t announce the full purchase price but did say it would pay for part of t.... More »
Making sense of the markets this week: August 10 Aug 7th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Should investors say goodbye to the 60/40 balanced portfolio?
For so many years, investors have fallen back on the classic portfolio split: 60% stocks for growth and 40% bonds.... More »
The 20 best credit cards in Canada for June 2023 + MORE Jun 22nd
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What Is A Robo-Advisor, And How Can It Help You? Apr 10th
If you’re late to the party, you may be coming across a new type of software online called a Robo-Advisor. Whether you are a current DIY investor or someone who is just looking to enter the markets, they can be an amazing tool to utilize.
A Robo-Advisor is essentially an automated process wher.... More »
Loonie sinks again amid high drama in global markets
– theglobeandmail.com
The loonie extended its slump in a wild day of global stock drama
Optimism in Chinese economy a silver lining after selloff
– theglobeandmail.com
China is quickly overtaking Greece as the prevailing concern among investors. The economy is slowing, but it is not yet showing signs of vulnerability to the stock rout
China’s stock slide not a reflection of overall health
– theglobeandmail.com
Shanghai and Shenzhen losses reflect shifts in psychology among savers more so than changes in the macro outlook
US officials say 3 people indicted in Vegas-based Ponzi fraud preyed on Japanese investors
– canadianbusiness.com
LAS VEGAS, Nev. – Authorities in the U.S. are seeking the arrest of the chief executive of a Las Vegas investment company and two of his former Asia-based executives on an indictment alleging they headed a $1.5 billion Ponzi-style fraud scheme, officials announced Wednesday.
Edwin Fujinaga of Las Vegas, and Junzo Suzuki and Paul Suzuki, both of Tokyo, were each indicted on eight counts of mail fraud and nine counts of wire fraud in a scheme that prosecutors and the FBI said operated through Las Vegas-based MRI International Inc.
Thousands of unsuspecting Japanese investors were victimized, Assistant U.S. Attorney General Leslie Caldwell said.
Fujinaga, 68, also is charged with three counts of money laundering, and the indictment filed in U.S. District Court in Las Vegas seeks from the three defendants the forfeiture of the proceeds of their alleged crimes. They could face decades in prison if they are convicted.
Attorneys listed in federal court records as having represented Fujinaga; Junzo Suzuki, 66; and his son, Paul Suzuki, 36, in other cases didn’t immediately respond to telephone and email messages seeking comment…
Edwin Fujinaga of Las Vegas, and Junzo Suzuki and Paul Suzuki, both of Tokyo, were each indicted on eight counts of mail fraud and nine counts of wire fraud in a scheme that prosecutors and the FBI said operated through Las Vegas-based MRI International Inc.
Thousands of unsuspecting Japanese investors were victimized, Assistant U.S. Attorney General Leslie Caldwell said.
Fujinaga, 68, also is charged with three counts of money laundering, and the indictment filed in U.S. District Court in Las Vegas seeks from the three defendants the forfeiture of the proceeds of their alleged crimes. They could face decades in prison if they are convicted.
Attorneys listed in federal court records as having represented Fujinaga; Junzo Suzuki, 66; and his son, Paul Suzuki, 36, in other cases didn’t immediately respond to telephone and email messages seeking comment…
The close: TSX tumbles as China rattles global investors
– theglobeandmail.com
Canada’s main stock index slumped almost 1.5 percent on Wednesday in a widespread selloff, as market turmoil in China eclipsed Greece’s debt crisis as the focal point of concern for global investors.
