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Snap Inc tumbles after trailing estimates for new users and sales, competition from Facebook - Financial Post + MORE May 10th
Financial PostSnap Inc tumbles after trailing estimates for new users and sales, competition from FacebookFinancial PostSnap Inc.'s Snapchat app added fewer users than projected in the first quarter, a sign that the young company may have trouble expanding its audience as social-media giant Fac.... More »
Compare the best savings accounts in Canada 2022 + MORE Feb 16th
Best Savings Account Finder
How to use the savings account calculator
You can simply scan the savings account comparison table above to view interest rates offered by financial institutions across Canada. You can also input your estimated account balance and compare the growth between high-inte.... More »
3 financial goals to kick-start the new year Jan 16th
Over the holidays, many Canadians made new year’s resolutions related to their career, health and family. If you haven’t added any financial goals to your list, now is the perfect time. Let’s look at three things you can do that could significantly impact your financial well-being this year—.... More »
At the open: TSX slips with banks, Cameco; Saputo jumps + MORE Oct 27th
S&P, Nasdaq up on strong tech earnings, GDP data
.... More »
Some mortgage rates are dropping, but renewed loans could keep economy slow - CBC News Dec 26th
Some mortgage rates are dropping, but renewed loans could keep economy slow CBC NewsFixed mortgages see biggest interesrate drop since spring Toronto StarBig banks and lenders slash mortgage rates in time for the holidays - Mortgage Rates & Mortgage Broker News in Canada&nb.... More »
Unifor and Fiat Chrysler avert strike, reach tentative agreement – The Globe and Mail
– news.google.ca
The Globe and MailUnifor and Fiat Chrysler avert strike, reach tentative agreementThe Globe and MailNegotiators for Unifor and Fiat Chrysler Automobiles NV reached a last-minute tentative agreement, averting a strike by about 10,000 auto workers that would have shut down the company's two Canadian assembly plants and a factory that makes engine parts …Fiat-Chrysler and Unifor reach tentative agreement, avert strikeCTV NewsUnifor reaches tentative deal with Fiat Chrysler, secures $325M investment in BramptonFinancial PostUpdated: Strike narrowly averted; Unifor, Fiat Chrysler reach tentative dealWindsor StarEdmonton Journal -BlackburnNews.com -USA TODAY -New York Timesall 83 news articles »
Singapore closes, fines bank for Malaysian 1MDB Fund links
– canadianbusiness.com
SINGAPORE – Singaporean and Swiss regulators announced fines and other penalties Tuesday for Falcon Private Bank, saying it breached money laundering regulations in its dealings with the indebted Malaysian state fund 1MDB.
The Monetary Authority of Singapore ordered the private bank to close down in the city-state and pay a fine of 4.3 million Singapore dollars ($3.12 million) for violations that included not filing suspicious transaction reports and failing to alert authorities about irregular activity in customers’ accounts.
The Singapore branch manager of Falcon Private Bank, Jens Sturzenegger, was arrested on Oct 6, it said in a statement.
The regulator cited “serious failures in anti-money laundering controls and improper conduct by senior management” in Switzerland and Singapore.
The Swiss financial watchdog likewise said it found Falcon Private Bank had failed to carry out adequate background checks into transactions and business relationships. It fined Falcon 2…
The Monetary Authority of Singapore ordered the private bank to close down in the city-state and pay a fine of 4.3 million Singapore dollars ($3.12 million) for violations that included not filing suspicious transaction reports and failing to alert authorities about irregular activity in customers’ accounts.
The Singapore branch manager of Falcon Private Bank, Jens Sturzenegger, was arrested on Oct 6, it said in a statement.
The regulator cited “serious failures in anti-money laundering controls and improper conduct by senior management” in Switzerland and Singapore.
The Swiss financial watchdog likewise said it found Falcon Private Bank had failed to carry out adequate background checks into transactions and business relationships. It fined Falcon 2…
Emails show how private and public Clinton statements clash
– canadianbusiness.com
WASHINGTON – Behind closed doors, Hillary Clinton adopted a rather more accommodating tone with Wall Street than she has on the campaign trail.
In private paid speeches to financial firms and interest groups before she declared her candidacy, the Democratic presidential nominee comes off as a knowing insider, willing to cut backroom deals, embrace open trade and grant Wall Street a central role in crafting financial regulations, according to excerpts obtained last week through hacked campaign emails provided to WikiLeaks.
Compare that with her public remarks in the presidential race. For voters, Clinton has embraced the rhetoric of a class warrior: Higher taxes on the wealthy. Tougher rules for Wall Street. Empathy for the financial burdens of ordinary Americans.
The gap between her private and public remarks helps explain the relatively high levels of distrust that voters, including some of her own supporters, have expressed about the former secretary of state, New York senator and presidential spouse…
In private paid speeches to financial firms and interest groups before she declared her candidacy, the Democratic presidential nominee comes off as a knowing insider, willing to cut backroom deals, embrace open trade and grant Wall Street a central role in crafting financial regulations, according to excerpts obtained last week through hacked campaign emails provided to WikiLeaks.
Compare that with her public remarks in the presidential race. For voters, Clinton has embraced the rhetoric of a class warrior: Higher taxes on the wealthy. Tougher rules for Wall Street. Empathy for the financial burdens of ordinary Americans.
The gap between her private and public remarks helps explain the relatively high levels of distrust that voters, including some of her own supporters, have expressed about the former secretary of state, New York senator and presidential spouse…
Fiat-Chrysler and Unifor reach tentative agreement
– canadianbusiness.com
TORONTO – A last-minute tentative agreement has averted a threatened strike by 9,750 workers at Fiat-Chrysler’s operations in Ontario.
Unifor president Jerry Dias announced the four-year deal just minutes before a strike deadline of 11:59 p.m. Monday night.
He said the deal, which followed what he called “one very difficult set of negotiations,” mirrors the one reached with General Motors on Sept. 20.
That deal, since ratified by GM workers, includes a two per cent wage increase this year and another two per cent increase in September, 2019. There is also a $6,000 signing bonus plus lump sum bonuses of $2,000 in each of the next three years to most employees.
It also included improvements to benefits, hiring practices and a GM commitment to invest $554 million in its Canadian operations.
Dias said the agreement with Fiat-Chrysler includes a $325 million investment at an assembly plant in Brampton, Ont., and a pledge to upgrade an old paint shop at the facility.
“We were deeply concerned with the fact that the paint shop in our Brampton assembly plant that builds the 300s, the Chargers and the Challengers is over 30 years old,” said Dias…
Unifor president Jerry Dias announced the four-year deal just minutes before a strike deadline of 11:59 p.m. Monday night.
He said the deal, which followed what he called “one very difficult set of negotiations,” mirrors the one reached with General Motors on Sept. 20.
That deal, since ratified by GM workers, includes a two per cent wage increase this year and another two per cent increase in September, 2019. There is also a $6,000 signing bonus plus lump sum bonuses of $2,000 in each of the next three years to most employees.
It also included improvements to benefits, hiring practices and a GM commitment to invest $554 million in its Canadian operations.
Dias said the agreement with Fiat-Chrysler includes a $325 million investment at an assembly plant in Brampton, Ont., and a pledge to upgrade an old paint shop at the facility.
“We were deeply concerned with the fact that the paint shop in our Brampton assembly plant that builds the 300s, the Chargers and the Challengers is over 30 years old,” said Dias…
This hardware stock shows impressive organic growth
– theglobeandmail.com
Quebec-based Richelieu Hardware has both strong exposure in Canada and a steadily expanding U.S. footprint


