The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Smart Beta ETFs for your Portfolio + MORE Dec 6th
Save, invest, prosper with My Own Advisor.
The boom of the Exchange Traded Fund (ETF) industry over the last decade has been great for many financial firms but also great for retail investors. Many ETFs help investors simplify their portfolio and keep their investing costs low. These are two hal.... More »
Historic New Hampshire general store up for auction + MORE Jul 13th
BATH, N.H. – A historic general store and tourist attraction in New Hampshire that closed earlier this year is up for auction.
The Brick Store in Bath was built in the late 1700s or early 1800s. It closed after several years of financial hardship, and is up for auction on Wednesday.
The store .... More »
Most actively traded companies on the TSX + MORE Jul 5th
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,219.57, down 39.30 points):
Gran Colombia Gold Corp. (TSX:GCM). Miner. Up 1.5 cents, or 11.54 per cent, to 14.5 cents on 17.9 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up 41 cents, or .... More »
Single, no pension? Here’s how to plan for retirement in Canada Jul 3rd
Being single in retirement has some financial obstacles. Some people are single as they enter retirement. Others become single due to divorce or death prior to or after retiring. Here are some considerations for planning your retirement as a singleton, especially if you have no defined benefit (DB) .... More »
Here’s how ‘workaholic’ Lauren can put her savings to work toward buying her dream house Jun 18th
To buy a house in the next five years, writes financial expert Jason Heath, Lauren should direct-transfer some of her maxed-out RRSP cash into the new tax-sheltered First Home Savings Account..... More »
Spanish rival launches 2nd takeover bid for Portuguese bank
– canadianbusiness.com
LISBON, Portugal – Spain’s Caixabank is making its second attempt in just over a year to take control of Banco Portugues do Investimento, launching a crossborder takeover bid that values the Portuguese bank at 1.62 billion euros ($1.83 billion).
Caixabank, S.A., which is the Portuguese bank’s largest shareholder with 44 per cent of its stock, is offering 1.113 euros a share — lower than its February 2015 offer of 1.329 euros. It says the offer represents the average share price over the past six months.
The Spanish bank said in a statement Monday its bid has three conditions: scrapping current limits on shareholders’ voting rights, obtaining more than 50 per cent of Banco BPI S.A.’s stock, and securing regulatory authorization.
The bid came after Caixabank’s negotiations to buy a rival Angolan shareholder’s 18.6 per cent collapsed.
The post Spanish rival launches 2nd takeover bid for Portuguese bank appeared first on Canadian Business – Your Source For Business News.
Caixabank, S.A., which is the Portuguese bank’s largest shareholder with 44 per cent of its stock, is offering 1.113 euros a share — lower than its February 2015 offer of 1.329 euros. It says the offer represents the average share price over the past six months.
The Spanish bank said in a statement Monday its bid has three conditions: scrapping current limits on shareholders’ voting rights, obtaining more than 50 per cent of Banco BPI S.A.’s stock, and securing regulatory authorization.
The bid came after Caixabank’s negotiations to buy a rival Angolan shareholder’s 18.6 per cent collapsed.
The post Spanish rival launches 2nd takeover bid for Portuguese bank appeared first on Canadian Business – Your Source For Business News.
Shares fall as oil prices sink after output accord fails
– canadianbusiness.com
HONG KONG – Major Asian stock benchmarks sank Monday after an effort by major oil producing nations to agree on production cuts failed over the weekend.
Japan’s Nikkei 225 stock index led the decline, dropping 3.3 per cent to 16,286.02 as a rising yen and quake-related production halts added to investor worries. Hong Kong’s Hang Seng index lost 1.3 per cent to 21,032.89 and the Shanghai Composite Index in mainland China shed 1.5 per cent to 3,031.00. South Korea’s Kospi retreated 0.3 per cent to 2,008.28, while Australia’s S&P/ASX 200 dipped 0.3 per cent to 5,143.70. Taiwan’s benchmark also fell while index in Southeast Asia were mixed.
Oil prices rebounded slightly by midday in Asia after falling by nearly 7 per cent after Iran stayed away from a weekend meeting in Qatar of 18 oil producing nations that had been expected to reach an accord on freezing production to support crude oil prices.
“Expectations for the talks to end with an agreement were high, and the lack of one damaged the credibility of future meetings to support the oil market,” Bernard Aw of IG said in a commentary…
Japan’s Nikkei 225 stock index led the decline, dropping 3.3 per cent to 16,286.02 as a rising yen and quake-related production halts added to investor worries. Hong Kong’s Hang Seng index lost 1.3 per cent to 21,032.89 and the Shanghai Composite Index in mainland China shed 1.5 per cent to 3,031.00. South Korea’s Kospi retreated 0.3 per cent to 2,008.28, while Australia’s S&P/ASX 200 dipped 0.3 per cent to 5,143.70. Taiwan’s benchmark also fell while index in Southeast Asia were mixed.
Oil prices rebounded slightly by midday in Asia after falling by nearly 7 per cent after Iran stayed away from a weekend meeting in Qatar of 18 oil producing nations that had been expected to reach an accord on freezing production to support crude oil prices.
“Expectations for the talks to end with an agreement were high, and the lack of one damaged the credibility of future meetings to support the oil market,” Bernard Aw of IG said in a commentary…
Shares fall as oil prices sink after output accord fails
– canadianbusiness.com
HONG KONG – Share prices sank in early trading Monday after an effort by major oil producing nations to agree on production cuts failed over the weekend.
The benchmark Nikkei 225 stock index dropped 3.0 per cent to 16,344.09 in Japan, where investor sentiment was also weighed down by a stronger yen, which crimped the outlook for the country’s exporters. Hong Kong’s Hang Seng index lost 0.9 per cent to 21,112.12 and the Shanghai Composite Index in mainland China lost 1.5 per cent to 3,030.81. South Korea’s Kospi lost 0.5 per cent to 2,004.77, while Australia’s S&P/ASX 200 edged 0.1 per cent lower to 5,150.50. Most other Asian markets were also lower.
Oil prices rebounded slightly by mid-morning in Asia after falling by nearly 7 per cent after Iran stayed away from a weekend meeting in Qatar of 18 oil producing nations that had been expected to reach an accord on freezing production to support crude oil prices.
“Expectations for the talks to end with an agreement were high, and the lack of one damaged the credibility of future meetings to support the oil market,” Bernard Aw of IG said in a commentary…
The benchmark Nikkei 225 stock index dropped 3.0 per cent to 16,344.09 in Japan, where investor sentiment was also weighed down by a stronger yen, which crimped the outlook for the country’s exporters. Hong Kong’s Hang Seng index lost 0.9 per cent to 21,112.12 and the Shanghai Composite Index in mainland China lost 1.5 per cent to 3,030.81. South Korea’s Kospi lost 0.5 per cent to 2,004.77, while Australia’s S&P/ASX 200 edged 0.1 per cent lower to 5,150.50. Most other Asian markets were also lower.
Oil prices rebounded slightly by mid-morning in Asia after falling by nearly 7 per cent after Iran stayed away from a weekend meeting in Qatar of 18 oil producing nations that had been expected to reach an accord on freezing production to support crude oil prices.
“Expectations for the talks to end with an agreement were high, and the lack of one damaged the credibility of future meetings to support the oil market,” Bernard Aw of IG said in a commentary…
The Latest: Russian currency plunges amid oil price drop
– canadianbusiness.com
LONDON – The Latest news on global financial markets (all times local):
9:50 a.m.
The Russian currency has plunged by more than 3 per cent after a weekend meeting of oil-producing nations failed to agree on a production freeze.
The ruble enjoyed a significant rise in its value since February, including in the past week amid anticipation over the meeting of oil ministers in Qatar.
Russia is a major energy producer and exporter, and its currency depends heavily on the price of oil.
The ruble traded 3 per cent lower at 68.4 rubles to the dollars in early trading on Monday on the news that the 18 oil-producing countries meeting in Qatar over the weekend did not reach a deal on freezing production.
Russia is running a 3 per cent budget deficit and its economy is expected to contract by over 1.5 per cent this year.
The post The Latest: Russian currency plunges amid oil price drop appeared first on Canadian Business – Your Source For Business News.
9:50 a.m.
The Russian currency has plunged by more than 3 per cent after a weekend meeting of oil-producing nations failed to agree on a production freeze.
The ruble enjoyed a significant rise in its value since February, including in the past week amid anticipation over the meeting of oil ministers in Qatar.
Russia is a major energy producer and exporter, and its currency depends heavily on the price of oil.
The ruble traded 3 per cent lower at 68.4 rubles to the dollars in early trading on Monday on the news that the 18 oil-producing countries meeting in Qatar over the weekend did not reach a deal on freezing production.
Russia is running a 3 per cent budget deficit and its economy is expected to contract by over 1.5 per cent this year.
The post The Latest: Russian currency plunges amid oil price drop appeared first on Canadian Business – Your Source For Business News.
