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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Should you withdraw from non-registered or TFSA investments in retirement? + MORE Mar 8th
Ask MoneySense
I have stocks in my TFSA as well as some that are non-registered. I am at the point in my life (retired) now that I’d like to begin selling them and using the money. Do I sell from the TFSA account or just from the non-registered portfolio?—Catherine
TFSA versus non-registered.... More »
Apple rejected Meta’s proposal to use Llama AI for iPhones over security concerns - Firstpost Jun 25th
Apple rejected Meta’s proposal to use Llama AI for iPhones over security concerns FirstpostWill Meta Help Power Apple Intelligence? Meta Stock Gains After Report Investor's Business DailyExclusive | Apple, Meta Have Discussed an AI Partnership The Wall Street Journ.... More »
Shares of several Canadian cannabis companies temporarily halted on TSX + MORE Dec 29th
Several Canadian cannabis companies had their stocks temporarily halted on the Toronto Stock Exchange early Friday afternoon due to volatile swings in trading..... More »
Before BMO led stock sale for marijuana grower, CIBC lent money Jan 20th
CIBC led a $20-million credit facility extended to MedReleaf last April to help the cannabis company grow
.... More »
Nicole, 29, makes $78,000 as a policy analyst. She has some regrets after buying her first home in the pandemic and says she feels ‘lost’ with her finances. What can she do? Feb 22nd
Nicole says she’s going through a #MillennialLifeCrisis with her finances, and wants more clarity from the financial expert..... More »
Canada creates $200-billion in housing wealth, but at what cost?
– theglobeandmail.com
The pros and cons of surging home prices
China’s cabinet unveils steps to bolster investment
– theglobeandmail.com
The government will widen financing channels for firms and support asset securitisation, allowing investment projects to raise funds in corporate bond markets
Bank of America profits fall 20 per cent, hurt by low rates
– canadianbusiness.com
NEW YORK, N.Y. – Bank of America’s earnings fell 20 per cent in the second quarter as historically low interest rates make it less profitable to make loans.
The Charlotte, North Carolina-based banking giant earned $3.87 billion, or 36 cents per share, before dividends to preferred shareholders. That’s down from $4.8 billion, or 43 cents per share, in the same period a year earlier.
The results beat analysts’ expectations. Analysts polled by FactSet expected the bank to earn 33 cents per share.
“We had another solid quarter in a challenging environment,” CEO Brian Moynihan said in prepared remarks.
BofA, like Wells Fargo and JPMorgan Chase, continued to struggle in the face of low interest rates. The bank’s profit margin on loans fell to 2.03 per cent from 2.37 per cent from a year earlier.
The ultra-low interest rates led the bank to take a charge of $1 billion in anticipation of more customers refinancing their mortgages at lower rates, which will mean lower earnings for the bank in the future…
The Charlotte, North Carolina-based banking giant earned $3.87 billion, or 36 cents per share, before dividends to preferred shareholders. That’s down from $4.8 billion, or 43 cents per share, in the same period a year earlier.
The results beat analysts’ expectations. Analysts polled by FactSet expected the bank to earn 33 cents per share.
“We had another solid quarter in a challenging environment,” CEO Brian Moynihan said in prepared remarks.
BofA, like Wells Fargo and JPMorgan Chase, continued to struggle in the face of low interest rates. The bank’s profit margin on loans fell to 2.03 per cent from 2.37 per cent from a year earlier.
The ultra-low interest rates led the bank to take a charge of $1 billion in anticipation of more customers refinancing their mortgages at lower rates, which will mean lower earnings for the bank in the future…
Asian stocks mixed on Turkey coup attempt, better China data
– canadianbusiness.com
BEIJING, China – Asian stock markets were mostly higher Monday after Wall Street ended the week up, a Turkish military coup failed and China reported better economic data.
KEEPING SCORE: Hong Kong’s Hang Seng index gained 0.2 per cent to 21,693.96 points and Sydney’s S&P-ASX 200 advanced 0.5 per cent to 5,456.70. India’s Sensex rose 0.5 per cent to 27,987.03 and benchmarks in Taiwan, Singapore and New Zealand also gained. The Shanghai Composite Index shed 0.2 per cent to 3,051.82. Japanese markets were closed for a holiday.
WALL STREET: All three major stock indexes ended up for a third straight week after the government reported stronger consumer sales. The Commerce Department said retail spending rose 2.7 per cent in June from a year earlier. The Labor Department reported consumer prices rose a modest 1 per cent in June from a year ago, suggesting that the Federal Reserve may take its time raising interest rates from the record lows that have helped push stocks higher…
KEEPING SCORE: Hong Kong’s Hang Seng index gained 0.2 per cent to 21,693.96 points and Sydney’s S&P-ASX 200 advanced 0.5 per cent to 5,456.70. India’s Sensex rose 0.5 per cent to 27,987.03 and benchmarks in Taiwan, Singapore and New Zealand also gained. The Shanghai Composite Index shed 0.2 per cent to 3,051.82. Japanese markets were closed for a holiday.
WALL STREET: All three major stock indexes ended up for a third straight week after the government reported stronger consumer sales. The Commerce Department said retail spending rose 2.7 per cent in June from a year earlier. The Labor Department reported consumer prices rose a modest 1 per cent in June from a year ago, suggesting that the Federal Reserve may take its time raising interest rates from the record lows that have helped push stocks higher…
Bank of America profit hit by higher loan provisions, lower interest income
– theglobeandmail.com
Second biggest U.S. bank by assets says second-quarter profit fell by nearly 20 per cent
