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.
Latest News
Britain ready to confront expected Brexit volatility, treasury chief says + MORE Jun 27th
Treasury chief George Osborne said Britain's vote to leave the European Union was likely to lead to further volatility on financial markets but said the economy was about as strong as it could be to cope with the challenge ahead..... More »
Air Canada earnings: Airline posts 'grim' results but 'very encouraged' by government talks over aid - Yahoo Canada Finance Feb 12th
Air Canada earnings: Airline posts 'grim' results but 'very encouraged' by government talks over aid Yahoo Canada FinanceFeds approve Air Canada takeover of Air Transat CTV NewsAir Canada posts 'bleak' results as Transat deal comes through BNNAir Canada posts 'bleak'.... More »
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Consumers love the convenience of one-stop shopping for their financial needs — but it could be costing them..... More »
Toys "R" Us ends Canadian stores auction with Fairfax as sole bidder + MORE Apr 23rd
Toys "R" Us Inc. will seek approval to sell its Canadian unit to Fairfax Financial Holdings Ltd. after cancelling an auction for the company's Canadian operations..... More »
US economy surprises with faster than expected growth - BBC.com + MORE Jan 25th
US economy surprises with faster than expected growth BBC.comU.S. economy shrugs off recession prediction with strong fourth-quarter performance The Globe and MailU.S. economy grows more than expected at end of 2023, driven by consumer spending CBC NewsU.S. GDP unexp.... More »
Coat maker Moose Knuckles accused of misleading ‘made-in-Canada’ claims
– theglobeandmail.com
Competition Bureau is seeking a financial penalty from the company and restitution for customers over allegations
Scotiabank job cuts spread to wealth management arm
– theglobeandmail.com
Restructuring targets ScotiaMcLeod retail adviser network
What Wall Street analysts are saying about Apple’s ugly quarter
– theglobeandmail.com
Latest earnings release draws concern
Italian carrier Alitalia considers Air Malta purchase
– canadianbusiness.com
MILAN – Italian airline Alitalia says it is considering buying a 49 per cent stake in Air Malta.
Alitalia, which is controlled by Abu Dhabi carrier Etihad Airways, signed a memorandum of understanding Wednesday with the Maltese government to launch due diligence on a possible deal. Alitalia CEO Cramer Ball said any deal would not hurt Alitalia’s three-year re-launch, which includes the goal of returning to profit by 2017.
Malta tourism minister Edward Zammit Lewis said Air Malta will cease talks with other airlines, and that financial details of a possible deal are still to be determined. No deadline has been set.
Loss-making Air Malta is in the last year of a five-year restructuring plan agreed with the European Commission in return for approval of 130 million euros in state aid.
The post Italian carrier Alitalia considers Air Malta purchase appeared first on Canadian Business – Your Source For Business News.
Alitalia, which is controlled by Abu Dhabi carrier Etihad Airways, signed a memorandum of understanding Wednesday with the Maltese government to launch due diligence on a possible deal. Alitalia CEO Cramer Ball said any deal would not hurt Alitalia’s three-year re-launch, which includes the goal of returning to profit by 2017.
Malta tourism minister Edward Zammit Lewis said Air Malta will cease talks with other airlines, and that financial details of a possible deal are still to be determined. No deadline has been set.
Loss-making Air Malta is in the last year of a five-year restructuring plan agreed with the European Commission in return for approval of 130 million euros in state aid.
The post Italian carrier Alitalia considers Air Malta purchase appeared first on Canadian Business – Your Source For Business News.
Tech companies drag US stocks lower following Apple earnings
– canadianbusiness.com
NEW YORK, N.Y. – U.S. stocks are falling Wednesday morning trading as tech stocks post sharp declines following weak results from Apple and Twitter. Utility companies are rising as bond yields fall.
KEEPING SCORE: The Dow Jones industrial average dipped 48 points, or 0.3 per cent, to 17,942 as of 11:08 a.m. The Standard & Poor’s 500 index fell 7 points, or 0.3 per cent, to 2,084. The Nasdaq composite index dropped 53 points, or 1.1 per cent, to 4,835.
TECH TROUNCED: Apple fell $6.62, or 6.3 per cent, to $97.73 after reporting its first decline in iPhone sales. Apple also reported its first decline in quarterly revenue since 2003 and forecast similar results in the current quarter. Twitter dropped $2.61, or 14.7 per cent, to $1.14. The company’s first-quarter revenue fell short of expectations and its guidance disappointed investors.
MEDICAL DEVICES: Boston Scientific climbed $1.86, or 9.4 per cent, to $21.55 after it swung to a profit in the first quarter, and earnings and sales were better than expected…
KEEPING SCORE: The Dow Jones industrial average dipped 48 points, or 0.3 per cent, to 17,942 as of 11:08 a.m. The Standard & Poor’s 500 index fell 7 points, or 0.3 per cent, to 2,084. The Nasdaq composite index dropped 53 points, or 1.1 per cent, to 4,835.
TECH TROUNCED: Apple fell $6.62, or 6.3 per cent, to $97.73 after reporting its first decline in iPhone sales. Apple also reported its first decline in quarterly revenue since 2003 and forecast similar results in the current quarter. Twitter dropped $2.61, or 14.7 per cent, to $1.14. The company’s first-quarter revenue fell short of expectations and its guidance disappointed investors.
MEDICAL DEVICES: Boston Scientific climbed $1.86, or 9.4 per cent, to $21.55 after it swung to a profit in the first quarter, and earnings and sales were better than expected…
