Legal Bills in Madoff Case Will Be Over the Top

Investors with Bernie Madoff have not only lost most of their life savings, whatever is left to salvage will be eaten away in legal fees.
An article posted on Bloomberg.com indicated that U.K. regulatory lawyers advising clients on the financial crisis and the Bernie Madoff scandal will bill as much as as 1,000 pounds per hour [...]

Quebec Stock Savings Plan II Should Be Copied

The Quebec government announced plans of introducing a revamped stock savings plan allowing small to medium sized public companies located in that proivnce to raise capital and provide investors with a tax break of up to 150%.
In todays economy it is nearly impossible for smaller companies to raise any capital regardless of industry. Manufacturing companies [...]

Can The TSX Breakout Tomorrow

The TSX is up approximately 10% this week as financials have rallied off of their lows as the major banks and brokerage firms in the US are indicating that they should have positive results for the first quarter of 2009.
Retail sales in the US were stronger than forecast and strength in crude oil has lead [...]

Steps Being Taken to Prevent Another Meltdown

One of the most difficult things for investors both professional and amateur to do is analyze some of the structured products that are now being called Toxic Assets. Pricing them has become difficult because in alot of cases, the assets backing them are hard to identify and disclosure documents can contain hundreds of pages of [...]

Actively Managed ETF’s Coming to Canada

Up until now, Canadians have had access to Exhange Traded Funds known as ETF’s that give exposure to an underlying stock or bond index, commodity index, or commodity.
Horizon BetaPro launched a class of ETF’s that provide double the daily movement up or down on a variety of indexes or commodities. They are going one  step [...]

Bank Rate Down…Line of Credit Rate Up

Most Canadians with a personal line of credit (PLC) or Home Equity Line of Credit (HELOC) are rejoicing as rates come down as our Bank Rate dropped to an all time low 0f 0.5%  that should ultimately lead to a 0.5% reduction in the Bank Prime rate that is currently 3%.
Hold off on re-doing your [...]