RBC Global Asset Management Inc. and BlackRock Asset Management Canada Ltd., announced a strategic alliance for their ETFs that will unite them under a single brand, RBC iShares.Canadian Press file photo Royal Bank of Canada and BlackRock Inc. have decided to team up to try to dominate the market in Canada for exchange-traded funds. Two of…
Stock
Business & Finance
Why retirement planning needs to be a major political issue in 2019 and beyond
Jason Heath: In much the same way governments have encouraged people to save and contribute to their RRSPs using tax refunds, they may need to consider similar incentives to help Canadians focus on the long-term in their retirement planning, including deferring pensions.Illustration by Chloe Cushman/National Post files Retirement planning does not usually get much attention…
Funds
RBC’s CEO vows improvement on bank’s disappointing mortgage performance
Royal Bank of Canada CEO David McKay.Aaron Harris/Bloomberg Royal Bank of Canada Chief Executive Officer David McKay is vowing to do better on Canadian mortgages after a couple years of disappointing performance. “We competed poorly in 2017 and ’18 in the mortgage space,” McKay, 55, said at the RBC Capital Markets Canadian Bank CEO Conference…
Bonds
From pro football player to Bay St. executive, CFL CEO Randy Ambrosie has gone the whole nine yards
Randy Ambrosie is the chief executive of the Canadian Football League.Tyler Anderson/National Post Randy Ambrosie, CFL commissioner: FP Magazine sits down with the ex-Bay Street executive and pro football player to talk about leading the Canadian Football League and the joys of cottaging. What’s the state of the CFL? We got a chance this winter…
Commodities
Five things you should know before starting your work day on Dec. 13
Via Rail accepted Siemens' bid for its new order of trains, over home-grown Bombardier.Shaun Best / Reuters Good morning! Our stories today have unexpected turns, be it Via Rail’s choice of Siemens over Bombardier for its $1B train order, or Elon Musk’s ability to bring Tesla back from the brink, Sidewalk Labs’ contravention its own…
Currencies
Facebook discovers photo access bug that may have affected up to 6.8 million users
Facebook says it has fixed a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos.Matt Rourke/AP/The Canadian Press Facebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login…