Industry

European banks to cut bonuses

Europe’s investment banks, including Barclays, Credit Suisse and UBS, will cut their bonuses by 20% in the coming weeks, reports ft.com. The move will increase the pay gap between U.S. rivals, adds ft.com, and will reduce overall bonus levels for 2012 by up to 15%. Read more. Also read: France won’t be Eurozone victim Time […]

By Wire services |February 4, 2013

1 min read

CFIB helps small biz get ready for end of penny

The Canadian Federation of Independent Business (CFIB) is assisting small businesses to get ready for penniless cash transactions. On February 4, the Royal Canadian Mint will stop distributing one-cent coins to financial institutions and gradually start pulling pennies out of circulation.

By Staff |February 4, 2013

1 min read

Interest rates won’t budge until 2015: Scotiabank

Scotiabank has changed its interest rate forecast.

February 4, 2013

2 min read

Dollar-cost averaging keeps emotion in check

Dollar-cost averaging (DCA) helps investors through market swings and lowers long-term costs, says BMO InvestorLine. DCA involves investing a fixed amount of money on a regular basis – whether the market is up or down – over a specific period of time. As a result, an investor buys fewer shares when prices are high and […]

By Staff |February 1, 2013

2 min read