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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Making sense of the markets this week: January 7, 2024 + MORE Jan 5th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
A look at 2024
Since we made this crystal ball thing look pretty easy last year with our 2023 markets forecast, we’re .... More »
Find the best mortgage rates in Canada Feb 4th
Mortgage rate comparison tool
Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
Loblaw closing 22 stores, launching home delivery ahead of ‘difficult year’ + MORE Nov 15th
VANCOUVER _ Loblaw Companies Ltd. is closing 22 stores and launching home delivery in two major Canadian cities, ahead of what it believes will be a challenging new year.
The grocery and pharmacy giant has finalized a plan that will result in the closure of 22 unprofitable stores across a range of i.... More »
Apple's Big Siri AI Reveal: Smart Catalyst for Long-Term Investors or Just Marketing Noise? - The Globe and Mail Jun 10th
Apple's Big Siri AI Reveal: Smart Catalyst for Long-Term Investors or Just Marketing Noise? The Globe and MailApple’s new Siri is a dark horse in the AI race The EconomistApple unveils next generation of Apple Intelligence, Siri AI, and more AppleWhy Apple (AAPL) S.... 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 »
At midday: TSX rises in broad but shallow rebound, Valeant falls
– theglobeandmail.com
Department store earnings power Wall Street rally
Britain’s vote to leave the European Union was a major drag on Canada’s largest pension fund, but a recovery in stock markets has softened the blow, the new CEO of the Canada Pension Plan Investment Board said Thursday.
5 tips to bounce back after a foreclosure or short sale
– canadianbusiness.com
Philip and Denise Powell lost their home in 2011 after Philip’s hours as a pastor were cut in half and Denise was sidelined by a surgery. But they were determined to become homeowners again, so they rolled up their sleeves and got to work.
The Highland, California, couple got financial counselling. They took control of their credit reports, tackled high-interest debts and cut spending. In 2015, they bought another home.
“We thought we’d never recover,” Philip Powell says, recalling the devastation they felt after losing their home. “No one in California was ready for the crash; it hit us hard.”
Their story is typical of the more than 9.3 million homeowners who lost a home through a distressed property sale from 2006 through 2014, according to the National Association of Realtors.
As rents rise, low mortgage rates persist and the economy gradually improves, some who lost their home in recent years will be able to re-enter the housing market. A 2015 study by the NAR found that 1…
The Highland, California, couple got financial counselling. They took control of their credit reports, tackled high-interest debts and cut spending. In 2015, they bought another home.
“We thought we’d never recover,” Philip Powell says, recalling the devastation they felt after losing their home. “No one in California was ready for the crash; it hit us hard.”
Their story is typical of the more than 9.3 million homeowners who lost a home through a distressed property sale from 2006 through 2014, according to the National Association of Realtors.
As rents rise, low mortgage rates persist and the economy gradually improves, some who lost their home in recent years will be able to re-enter the housing market. A 2015 study by the NAR found that 1…
Stock markets, commodities head higher amid positive U.S. employment data
– canadianbusiness.com
TORONTO – North American stock markets are rallying this morning amid signs of strength in the U.S. economy.
Energy, materials and gold stocks helped push the S&P/TSX composite index up by 62.69 points to 14,837.79 after nearly two hours of trading.
In New York, the Dow Jones industrial average was ahead by 107.24 points to 18,602.90, the broader S&P 500 composite index gained 9.15 points to 2,184.64 and the Nasdaq composite added 18.53 points to 5,223.11.
The Labor Department reported that applications for new unemployment benefits fell last week, a signal that employers could be adding jobs.
Oil prices rebounded with the September crude contract jumping $1.36 at US$43.07 per barrel, while the Canadian dollar gained 0.26 of a U.S. cent to 76.81 cents US.
The December gold contract rose $6.50 to US$1,358.40 an ounce, while September copper contracts rose two cents to US$2.19 a pound.
September natural gas was up two cents at US$2.59 per mmBTU.
The post Stock markets, commodities head higher amid positive U…
Energy, materials and gold stocks helped push the S&P/TSX composite index up by 62.69 points to 14,837.79 after nearly two hours of trading.
In New York, the Dow Jones industrial average was ahead by 107.24 points to 18,602.90, the broader S&P 500 composite index gained 9.15 points to 2,184.64 and the Nasdaq composite added 18.53 points to 5,223.11.
The Labor Department reported that applications for new unemployment benefits fell last week, a signal that employers could be adding jobs.
Oil prices rebounded with the September crude contract jumping $1.36 at US$43.07 per barrel, while the Canadian dollar gained 0.26 of a U.S. cent to 76.81 cents US.
The December gold contract rose $6.50 to US$1,358.40 an ounce, while September copper contracts rose two cents to US$2.19 a pound.
September natural gas was up two cents at US$2.59 per mmBTU.
The post Stock markets, commodities head higher amid positive U…
CPPIB diversifies investments amid volatile markets
– theglobeandmail.com
The CPPIB said it ended the quarter to June 30 with net assets of $287.3-billion, compared with $278.9-billion three months earlier
