Bay Street

BRIEF-Element Fleet announces TSX approval of NCIB

Aug 17 (Reuters) - Element Fleet Management Corp EFN.TO<p>* Element Fleet announces TSX approval of normal course issuer bids

Toronto Stock Exchange

'You're at their mercy': customer says RBC charged him twice for Visa cheque transactions

RBC says small group of clients may have been affected<p>When BCIT student Sheldon Irving attempted to buy a snack after class earlier this month, he …

Banking

CIBC takes over PC Financial bank accounts, launches Simplii banking brand

The Canadian Imperial Bank of Commerce is taking over President’s Choice Financial bank accounts with a new online brand as it responds to the …

Banking

Preferred Rally Has Some Sizzle Left in Canada, Top Manager Says

Preferred shares have further room to gain in Canada as a revving economy keeps interest-rate hikes coming and credit quality strong, according to …

Finance

Evening Update newsletter: U.S. demands steep concessions in NAFTA talks; Trump disbands business councils

<b>Good evening,</b><p><i>This is the daily Evening Update newsletter, a roundup of the important stories of the day and what everyone is talking about, that will be delivered to your inbox every weekday around 5 p.m. If you’re reading this online, or if someone forwarded this e-mail to you, you can sign up for</i> …

U.S. Army

Simplii’s not-so-simple task: Retain 2M customers after CIBC-Loblaws break up

Canadian Imperial Bank of Commerce will take a $100 million charge in the fourth quarter as the lender adjusts to life after a split from longtime …

Banking

PRESS DIGEST- Canada- August 17

Aug 17 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for …

Unemployment falls to 5.6% in July

Australia's unemployment rate fell to 5.6 per cent in July from an adjusted June figure of 5.7 per cent, official figures show.<p>The total number of …

Economy

Australian miners buck trend by piling back into gold

John Jones has spent half a century prospecting the dusty land around the Kalgoorlie “super pit”, one of the world’s largest gold mines.<p>“This has …

Oil

Five things you should know before you start your work day on Aug. 17

Good morning! Editor Nicole MacAdam (@nicole_mac1) here. The head of Sears Canada steps aside to focus on a bid for the retailer, CIBC and Loblaw cut …

Canadian News

Trump's bid for Sydney casino 30 years ago rejected due to 'mafia connections’

Cabinet documents reveal police warned NSW government about approving a 1986-87 plan to build city’s first casino in Darling Harbour<p>A bid by Donald Trump to build Sydney’s first casino was rejected 30 years ago after police expressed concerns about his links to the mafia.<p>News Corp revealed on …

News (U.S.)

Why we pay so much for chequing accounts

In a financial-services sector where many costs are falling close to zero, the big banks have created a booming business in chequing accounts costing a hefty $15 or so a month.<p>Smart packaging and convenience explain the appeal of these accounts, which typically include an unlimited number of …

Banking

UPDATE 2-Seven charged in U.S. insider trading ring

* Leaked merger tips said to involve Bank of America clients<p>* Alleged tipper has been suspended by Royal Bank of Canada (Recasts to add criminal …

Corruption

Trump's Alleged "Mafia Connections" Lost Him a Bid to Build Sydney's First Casino

Australian authorities rejected Trump's bid as "dangerous."

Donald Trump

BRIEF-GM announces voluntary delisting from Toronto Stock Exchange

Aug 16 (Reuters) - General Motors Co (NYSE:GM) GM.N :<p>* GM announces voluntary delisting from Toronto Stock Exchange<p>* After delisting from the TSX, …

Toronto Stock Exchange

Gold Miner ETFs: A Stage Set for Inflow Reacceleration?

Gold spot prices are down about 0.91% so far Tuesday, trading hands at around $1,278.60 per troy ounce in the afternoon.<p>SPDR Gold Shares (GLD) is …

gold

Better Buy: Freeport-McMoRan Inc. vs. Barrick Gold -- The Motley Fool

There's a catalyst on the horizon that could catapult the stock of one of these miners in the coming years.<p>Mining industry titans <b>Freeport-McMoRan</b> …

Stocks

Before the Bell: Five things every Canadian investor needs to know

Equity Markets<p>North American stock markets are set for a slightly positive open as investors put aside global political turmoil prior to the latest U.S. Federal Reserve meeting. Markets will also be keeping an eye on the first round of NAFTA talks, which begin today.<p>Although tensions betweend North …

Markets

CANADA STOCKS-TSX edges lower as lower oil prices weigh on energy

TORONTO, Aug 16 (Reuters) - Canada's main stock index edged lower on Wednesday as a drop in oil prices weighed on energy shares, offsetting gains for …

Toronto Stock Exchange

Canada’s banking regulator to review sales practices of major banks

The federal banking regulator is reviewing domestic retail sales practices at Canada’s key banks, focusing on the inherent “reputational risks” and …

Banking

Pengrowth shares sink nearly 4 per cent on news of debt-easing measures

Pengrowth Energy Corp. shares sank nearly 4 per cent on Tuesday after the company said it would pay higher interest costs and grant bondholders a security on its assets to ease stringent debt obligations.<p>Calgary-based Pengrowth said after markets closed on Monday that it had agreed in principle …

Toronto Stock Exchange

Where Suits Season 6 was Filmed in Toronto (Part One)

<i>Suits</i> is back for another season of high power legal drama in Toronto's financial district, dressed up as Manhattan.<p><i>Toronto’s extensive work on the</i> …

Canada shares lower at close of trade; S&P/TSX Composite down 0.15%

Investing.com – Canada equities were lower at the close on Tuesday, as losses in the Materials, Energy and IT sectors propelled shares lower.<p>At the …

Toronto Stock Exchange

Watch Preview of Bay Street’s Music-Filled, Off-Broadway Bound As You Like It

Ellen Burstyn stars in the John Doyle-helmed production, which features music by Stephen Schwartz.<p>Watch a preview of Bay Street Theater's current …

The Theatre

Apple plans first Canadian-dollar bond to reward shareholders

Apple Inc. is seeking to sell seven-year bonds in its first Canadian-dollar debt offering, according to a regulatory filing Tuesday.<p>It will be the technology company’s sixth trip to the bond market this year after it issued $18-billion in the U.S. in three sales, sold $1-billion in Taiwan and …

Finance

FOREX-Dollar climbs as North Korean tensions ease

* Swiss franc and yen hand back last week's gains<p>* Dollar index broadly higher since start of August<p>* German GDP numbers weaken tone on euro<p>* …

Economy

3 Value Stocks for Conservative Investors -- The Motley Fool

A staffing agency, a bank, and a cell phone giant are values even the most conservative investor may find attractive.<p>Investors who aren't looking to …

Stocks

Free morning notes from brokers could end from January

Under new EU rules, firms must soon start charging for research - and that may include the morning musings of analysts<p>5 minutes ago<p>The morning-note …

News (Ireland)

Sterling at 5-week low under $1.29 after inflation data miss

It may be August, but it’s winter for the Bank of England’s dwindling group of hawks.<p>Weaker-than-expected inflation data has sent sterling to a …

Economy

CANADA STOCKS-TSX falls as gold miners, oil companies weigh

(Updates prices)<p>* TSX down 26.79 points, or 0.18 percent, at 15,093.12<p>* Decliners outnumber advancers by 1.9-to-1 ratio<p>TORONTO, Aug 15 (Reuters) - …

Toronto Stock Exchange