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China's President Xi pledges another $60 billion for Africa - CNN Sep 3rd
CNNChina's President Xi pledges another $60 billion for AfricaCNN(CNN) Chinese President Xi Jinping has announced a $60 billion package of aid, investment and loans to Africa, against a backdrop of growing concern about rising debt distress from Chinese loans to the continent. The announcement .... More »
Massachusetts finalizes comprehensive fantasy sports rules Mar 26th
BOSTON – Massachusetts Attorney General Maura Healey issued rules Friday for daily fantasy sports operators that she called the most comprehensive in the nation, including a minimum age of 21 for participating in the online contests.
The final regulations are largely the same as the ones Heale.... More »
Best robo-advisors in Canada for 2025 Feb 14th
Investing is a bit like renovating your home. The cheapest way is to do it yourself, with a Canadian online broker. Of course, the result will depend on your know-how and skills, and it will consume a lot of your time. Conversely, you can outsource the job to a master contractor and not lift a finge.... More »
Schools should teach financial savvy, student says + MORE May 26th
Without careful money management, students can drown in debt
.... More »
Most actively traded companies on the TSX + MORE Oct 22nd
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,939.04, up 91.12 points):
Canopy Growth Corp. (TSX:CGC). Drug manufacturer. Down 40 cents, or 5.54 per cent, to $6.82 on 5.6 million shares.
Spartan Energy Corp. (TSX:SPE). Oil and gas. Down six.... More »
Gimme shelter: The financial consumer code and you
– moneysense.ca
(Illustration by Sebastien Thibault)The Conservatives are expected to table a new consumer protection code governing banks in the coming months, but don’t expect the campaign-friendly bill to improve your bottom line. While intended to empower banking customers navigating the financial services industry, pundits say the “Comprehensive Financial Consumer Code” falls flat because it does little to protect Canadians from being nickel-and-dimed at every turn.
“If people think this code will in any way limit what they pay to their banks, they’re dreaming,” says John Lawford, executive director and general counsel at the Public Interest Advocacy Centre.
Instead, the code will only feature standardized fee disclosure boxes on bank statements, loosened ID requirements on new accounts, mandatory cooling-off periods on a greater range of products, and a crackdown on misleading advertising.
As is now the case with Canada’s telecom providers, Lawford would have preferred to see the banks prevented from charging paper-bill fees—not to mention more egregious pay-to-pay tactics, such as charging customers $1 to $2 to make mortgage, loan and credit card payments…
Stung by sanctions and recession, Iranian investors have one eye on the country’s stock exchange, and the other on the international talks about the country’s nuclear program.
Canada Stocks to Watch: Cenovus, Sun Life, Pengrowth and More
– blogs.wsj.com
Cenovus Energy Inc. has agreed to sell its oil-and-gas royalty business for roughly C$3.3 billion to Ontario Teachers’ Pension Plan. The oil company is selling Heritage Loyalty L.P., which holds about 4.8 million acres in royalty interest and mineral fee title lands, in a bid to cut costs amid dropping oil prices.
Sun Life Financial Inc. is continuing to expand its U.S. operations, agreeing to buy Redmond, Wash.-based investment manager Prime Advisors, Inc. The financial terms have not been disclosed, but Prime had $13 billion in assets under management at the end of May.
CBC.caThe Latest: EU Official: 'Regrettable' No New Bailout GreekNew York TimesATHENS, Greece — The latest news on Greece's financial woes (all times local): ___. 9.35 p.m.. As a midnight deadline closes in, the head of the agency responsible for preserving financial security in the European Union says "it is regrettable" that …Report: Germany rebuffs Greek bid for crisis funds before default deadlineWashington PostEurogroup to discuss Greece at 0930 GMT on WednesdayReutersGreek Voters to Decide on Convoluted Bailout Question July 5Wall Street JournalSydney Morning Herald -Fox News -Los Angeles Timesall 12,284 news articles »
Canadian insurer Sun Life Financial is buying U.S. investment manager Prime Advisors Inc. for an undisclosed amount.
