The Bay’s IPO

How you can own a piece of the oldest company in Canada, ETF basics and the Warren Buffett of Canada.



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  • Want to own a piece of Canada’s oldest company? Soon you can. The Hudson’s Bay Co. has filed the paperwork to get its initial public offering off the ground. HBC last traded on the public market in 2006.
  • The number of Canadians collecting employment insurance rose to 534,400 in August after three months of little change, Statistics Canada said Thursday. Quebec saw the highest increase in beneficiaries.
  • The TD Helps Community online advice forum has been expanded, the bank said Thursday. TD says the service will deliver tailored responses by on-call experts and community members to questions from the general public on topics  including investing, planning for retirement, saving, borrowing and managing credit. “You won’t find a sales push anywhere on the site, the goal is simply to build a community that will help Canadians make better financial decisions,” the bank said in a press release. We’d love to hear about your experience with the site. Please email us at if you’ve used it.
  • If you’re a regular reader of MoneySense, chances are you are at least somewhat familiar with ETFs and how they work. But ETFs are still relatively new and the market still relatively small, especially in Canada. In the U.S. 14 ETF firms co-published an information website with the Investment Company Institute to educated investors. Check out for more.
  • We’re loving this infographic How many Warren Buffetts are there? by our friends over at Canadian Business. Apparently there’s a Warren Buffett of Canada, of coupons and of cuddling. Who knew?

One comment on “The Bay’s IPO

  1. Canada’s oldest company? Now owned by an American Company!


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