Insurance Tips

Why a Chinese Ponzi scheme that preyed on poor farmers should scare us much more than Bernie Madoff’s fraud


One evening in December 2008, Bernie Madoff sat his sons down to tell them he had swindled countless his clients from billions of dollars. He knew the game was up. He’d already written last cheques to close family and friends for $137 million to state sorry – cheques which were never cashed. Within hours, the happy couple had informed the ...

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Shareholders increase pressure on Pivot Technology to pull deal


The board of Pivot Technology Solutions, a California-based TSX Venture listed company that recently agreed to a share exchange whereby a group of insiders would acquire control without having to pay any cash, have now been put on notice by certainly one of its large public shareholders. A couple of days when Pivot announced its support for any deal whereby ...

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Here’s why TD upgraded Scotia and downgraded RBC


Bank of Quebec was upgraded and Royal Bank of Canada was hit having a downgrade, following a latest round of earnings in the Canadian banking sector. Mario Mendonca at TD Securities raised his rating on Scotiabank to purchase from hold after its first quarter earnings arrived slightly above expectations. The analyst noted that the bank reported higher energy-related credit losses, ...

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Shopify forecasts 2016 revenue to surge as much as 61%, sending shares skyrocketing


TORONTO – Canada’s Shopify Inc, a maker of software that helps retailers manage online retailers, forecast a clear, crisp 56-61 per cent jump in 2016 revenue because the company reported a record quantity of new merchants subscribed to its service in the fourth quarter. The Ottawa-based company, which went public in May, said the total value of sales processed on ...

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Global stock rally winning fans as central banks lift credit, bonds


Investors are gaining confidence that March’s rally in equities and credit markets has legs. The Stoxx Europe 600 Index and the MSCI Asia Pacific Index were on target for that highest closes in two months. Shares in Egypt extended the longest rally since December after the country’s central bank devalued its currency, and also the thawing within the riskiest kind of bank bonds ...

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TSX, loonie lower as oil weaken; New York mixed ahead of Fed meeting


TORONTO – The Toronto stock exchange was lower in the close as crude prices fell amid fresh comments from Iran that it promises to increase oil production. The S&P/TSX composite index was down 44.46 points at 13,477.54 because the resource-heavy market failed to gain traction from a big rally that capped trading a week ago. The Canadian dollar fell 0.21 ...

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Rio Tinto ‘poised to act’ as dividend cut boost flexibility


Rio Tinto Plc was upgraded at RBC Capital Markets as changes to the dividend policy boost the company’s financial flexibility. The mining giant unveiled plans to cut its dividend as falling commodity prices but pressure on its balance sheet. The move not just re-secures Rio Tinto’s financial stability, but analyst Tyler Broda believes it also boosts the company’s ability to ...

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Gold outlook is positive, TD says, as miners’ stock prices climb higher


Shares of Canadian gold miners have been on a current tear, as investors pile into gold looking for safety. On Thursday, the stocks of Barrick Gold Corp., Goldcorp Inc. and Agnico Eagle Mines Ltd., the nation’s largest gold miners by market capitalization, soared 6.3, 4.4 and 3.4 per cent, respectively. The S&P/TSX Composite Index was flat. Shareholders have catapulted the miners’ stock prices sharply higher ...

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