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
Gen Z housing hacks for the return-to-office era + MORE Nov 3rd
After years of remote work and suburban migrations, many young Canadians are being pulled back into city centres, where rental markets are more expensive. Toronto’s average rent, for example, sits around $2,600/month—about 20% higher than the national average, keeping the city among Canada’s p.... More »
A Guide To Private Money Lending + MORE Jan 30th
As a business owner, you know that having access to capital is essential to taking advantage of opportunities to grow your company. Business owners need to make the right choices when seeking financing so their capital needs are met at a reasonable cost.
Two of the most common financing options for .... More »
Warren Buffett, Jamie Dimon urge end to quarterly profit forecasts Jun 8th
Investor Warren Buffett and JP Morgan Chase CEO Jamie Dimon are encouraging public companies to stop predicting their quarterly earnings and focus on long-term goals..... More »
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide Dec 29th
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns.&nbs.... More »
GM proposes $2.8-billion, 10-year investment in South Korea + MORE Feb 21st
Investment would be on top of over $2.2-billion debt-for-equity swap
.... More »
Vancouver real estate vulnerable after tax on foreign buyers: Fitch
– theglobeandmail.com
Signs that the market may have begun to cool even before the tax leaves home prices more exposed to potential changes in Canada’s economy, the agency said
Parkland to buy CST’s Canadian assets from Couche-Tard in $965-million deal
– theglobeandmail.com
Move will make Alberta-based company the country’s largest independent fuel retailer
Judge approves $12 million settlement for unpaid overtime class action suit
– canadianbusiness.com
TORONTO – A $12 million settlement in an unpaid overtime class action suit against BMO Nesbitt Burns Inc. is now final after the appeal period expired Monday.
An Ontario Superior Court justice granted judicial approval for the settlement in July, putting an end to more than six years of legal proceedings claiming unpaid overtime on behalf of about 1,800 investment advisers who worked at Nesbitt between 2002 and 2016.
Justice Edwart Belobaba’s decision says the settlement “falls within a zone of reasonableness” and notes that this case is “a first for investment advisers.”
According to the judge’s decision, Nesbitt has already implemented an overtime policy for the six-month supervision period for investment adviser trainees, which Belobaba says represents “behaviour modification” as a result of the class-action lawsuit.
The lawsuit was launched in 2010 and was certified as a class action in 2013. It was scheduled to go to trial in April 2017, but Belobaba’s written reasons for the judicial approval say the parties settled in January…
An Ontario Superior Court justice granted judicial approval for the settlement in July, putting an end to more than six years of legal proceedings claiming unpaid overtime on behalf of about 1,800 investment advisers who worked at Nesbitt between 2002 and 2016.
Justice Edwart Belobaba’s decision says the settlement “falls within a zone of reasonableness” and notes that this case is “a first for investment advisers.”
According to the judge’s decision, Nesbitt has already implemented an overtime policy for the six-month supervision period for investment adviser trainees, which Belobaba says represents “behaviour modification” as a result of the class-action lawsuit.
The lawsuit was launched in 2010 and was certified as a class action in 2013. It was scheduled to go to trial in April 2017, but Belobaba’s written reasons for the judicial approval say the parties settled in January…
Tolko Industries to shut down in northern Manitoba; hundred to lose jobs
– canadianbusiness.com
THE PAS, Man. – A forest products company that is the largest employer in The Pas in northern Manitoba says it will shut down in December.
Tolko Industries says 332 workers have been notified that they will be laid off.
CEO Brad Thorlakson says in a release that the business is not “financially sustainable” despite years of trying to improve results.
Thorlakson says Tolko did not make the decision lightly, but it is in the best long-term interest of the company and employees.
The Pas Mayor Jim Scott says the company didn’t give him any indication that it was in financial trouble.
Scott says he and council will discuss solutions which may include making a request to the Manitoba government for funding.
“It’s been a struggle here for a number of years, but every indication that we had was that they continued to make the best paper in the world,” Scott said by phone Monday.
Scott said he believes the company may have had trouble securing transportation for its products…
Tolko Industries says 332 workers have been notified that they will be laid off.
CEO Brad Thorlakson says in a release that the business is not “financially sustainable” despite years of trying to improve results.
Thorlakson says Tolko did not make the decision lightly, but it is in the best long-term interest of the company and employees.
The Pas Mayor Jim Scott says the company didn’t give him any indication that it was in financial trouble.
Scott says he and council will discuss solutions which may include making a request to the Manitoba government for funding.
“It’s been a struggle here for a number of years, but every indication that we had was that they continued to make the best paper in the world,” Scott said by phone Monday.
Scott said he believes the company may have had trouble securing transportation for its products…
Medivation and Syngenta climb; Viacom, Marathon Oil fall
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Monday:
Medivation Inc., up $13.26 to $80.42
The cancer drugmaker agreed to be bought by Pfizer for $13.5 billion, or $81.50 a share.
Marathon Oil Corp., down $1.16 to $15.64
The oil company said its chief financial officer is resigning and announced several other management changes.
Intersil Corp., up $3.10 to $18.74
The Wall Street Journal said Renesas of Japan is in talks to buy the chipmaker.
Syngenta AG, up $8.30 to $87.81
A U.S. national security panel approved the sale of the Swiss agrochemicals company to China National Chemical Corp.
Regeneron Pharmaceuticals Inc., up $14.35 to $418.65
Biotech drug companies stocks spiked after Medivation agreed to sell itself.
Viacom Inc., down $1.75 to $41.74
The media company’s stock fell after it announced the long-expected exit of CEO Philippe Dauman.
Murphy Oil Corp., down 99 cents to $29.07
Energy company stocks dropped as oil prices posted steep losses, signalling an end to a recent rally…
Medivation Inc., up $13.26 to $80.42
The cancer drugmaker agreed to be bought by Pfizer for $13.5 billion, or $81.50 a share.
Marathon Oil Corp., down $1.16 to $15.64
The oil company said its chief financial officer is resigning and announced several other management changes.
Intersil Corp., up $3.10 to $18.74
The Wall Street Journal said Renesas of Japan is in talks to buy the chipmaker.
Syngenta AG, up $8.30 to $87.81
A U.S. national security panel approved the sale of the Swiss agrochemicals company to China National Chemical Corp.
Regeneron Pharmaceuticals Inc., up $14.35 to $418.65
Biotech drug companies stocks spiked after Medivation agreed to sell itself.
Viacom Inc., down $1.75 to $41.74
The media company’s stock fell after it announced the long-expected exit of CEO Philippe Dauman.
Murphy Oil Corp., down 99 cents to $29.07
Energy company stocks dropped as oil prices posted steep losses, signalling an end to a recent rally…
