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
What is the price of gold in Canada? And more about gold investing Apr 10th
Amidst the gyrations of mega-cap technology stocks and cryptocurrencies over the past year, a stodgy old standby has notched a number of new highs. Gold almost hit USD$3,200 per ounce in early April. It is up 27% over the last 12 months in U.S. dollars and more in Canadian dollars.
That, together.... More »
Air Canada expects hit in Q1 of 2020 due to novel coronavirus and Max grounding - CTV News Feb 18th
Air Canada expects hit in Q1 of 2020 due to novel coronavirus and Max grounding CTV NewsAir Canada expects hit in Q1 due to virus, MAX grounding - Business News Castanet.netAir Canada says 737 Max grounding, coronavirus to hurt first-quarter earnings The Globe and Ma.... More »
Can I set up RESPs for my kids without telling my ex? + MORE Feb 27th
Q: I am divorced and my wife has custody of our kids. I want to set up an RESP for them but I don’t want my ex-wife to know about it. I’m worried she’ll find out if I use their actual address when I open it. Can I use my mine instead?
—Kris
A: I don’t like secrets in prin.... More »
Former Amaya CEO David Baazov sells 7 million shares + MORE Mar 8th
Baazov sold the stock the S&P/TSX composite index for $19 per share, totalling $133-million
.... More »
Bill would allow Canada infrastructure bank to invest in cross border projects + MORE Apr 19th
A new federal agency designed to fuse public and private dollars to help build infrastructure in Canada could end up building new roads and bridges south of the border _ so long as they connect to the Great White North.
The legislation for the Liberal government’s proposed infrastructure bank .... More »
Vancouver home sales plunge nearly 33%
– moneysense.ca
VANCOUVER – The Real Estate Board of Greater Vancouver says home sales in Metro Vancouver in September plunged by 32.6 per cent compared to the same month last year.
The board says there were 2,253 homes sold last month, a steep drop from the 3,345 home sales recorded in September 2015.
Last month was the second month that a 15 per cent tax applied to foreign buyers of property in the city.
The composite benchmark price for all residential properties was $931,000, a 28.9 per cent increase compared to the same month last year but a 0.1 per cent decline compared to August 2016.
Board chairman Dan Morrison says there’s uncertainty in the city’s real estate market and homebuyers and sellers are having trouble establishing prices as a result.
Morrison says there is more demand for condominiums and townhomes than detached homes, supporting some analyst predictions that there’s still interest among first-time buyers to get into the Vancouver market.
The post Vancouver home sales plunge nearly 33% appeared first on MoneySense.
The board says there were 2,253 homes sold last month, a steep drop from the 3,345 home sales recorded in September 2015.
Last month was the second month that a 15 per cent tax applied to foreign buyers of property in the city.
The composite benchmark price for all residential properties was $931,000, a 28.9 per cent increase compared to the same month last year but a 0.1 per cent decline compared to August 2016.
Board chairman Dan Morrison says there’s uncertainty in the city’s real estate market and homebuyers and sellers are having trouble establishing prices as a result.
Morrison says there is more demand for condominiums and townhomes than detached homes, supporting some analyst predictions that there’s still interest among first-time buyers to get into the Vancouver market.
The post Vancouver home sales plunge nearly 33% appeared first on MoneySense.
Gold prices plunge, Toronto Stock Exchange and loonie lower this morning
– canadianbusiness.com
TORONTO – The price of gold, the Canadian dollar and most North American stock indexes were lower this morning.
At the Toronto Stock Exchange, the S&P/TSX index was down a moderate 74.26 points at 14,614.76 after nearly two hours of trading.
The market’s gold sector showed the biggest decline as the December gold contract plunged $26.10 to US$1,286.60 an ounce — the lowest since late June, according to data from the CME Group.
The Dow Jones industrial average was down 30.65 points at 18,223.20, while the broader S&P 500 composite index lowered 5.18 points to 2,156.02. The technology-heavy Nasdaq composite bucked the trend and rose 1.33 points to 5,302.21.
The Canadian dollar was at 75.96 cents US, down 0.32 of a cent from Monday’s close.
The November crude contract was up 24 cents at US$49.05 per barrel, November natural gas was down nearly three cents at just under US$2.90 per mmBTU, and December copper contracts fell one cent to US$2.18 a pound.
The post Gold prices plunge, Toronto Stock Exchange and loonie lower this morning appeared first on Canadian Business – Your Source For Business News.
At the Toronto Stock Exchange, the S&P/TSX index was down a moderate 74.26 points at 14,614.76 after nearly two hours of trading.
The market’s gold sector showed the biggest decline as the December gold contract plunged $26.10 to US$1,286.60 an ounce — the lowest since late June, according to data from the CME Group.
The Dow Jones industrial average was down 30.65 points at 18,223.20, while the broader S&P 500 composite index lowered 5.18 points to 2,156.02. The technology-heavy Nasdaq composite bucked the trend and rose 1.33 points to 5,302.21.
The Canadian dollar was at 75.96 cents US, down 0.32 of a cent from Monday’s close.
The November crude contract was up 24 cents at US$49.05 per barrel, November natural gas was down nearly three cents at just under US$2.90 per mmBTU, and December copper contracts fell one cent to US$2.18 a pound.
The post Gold prices plunge, Toronto Stock Exchange and loonie lower this morning appeared first on Canadian Business – Your Source For Business News.
Pittsburgh Penguins say PPG Paints is taking over arena name
– canadianbusiness.com
PITTSBURGH, Pa. – The Pittsburgh Penguins have announced their arena naming rights are shifting from Consol Energy Center to PPG Paints Arena.
PPG and the team say the new deal covers 20 years, although they didn’t disclose financial terms.
The move essentially transfers the arena’s naming rights from one large Pittsburgh-area company to another. Consol Energy signed on as a title sponsor of the arena when it opened in 2010.
Consol confirmed they are transferring the naming rights to PPG. The company has struggled with low energy prices in recent months and says the move is part of its corporate transformation, as it moves from a company based on coal production to one that focuses on natural gas.
The post Pittsburgh Penguins say PPG Paints is taking over arena name appeared first on Canadian Business – Your Source For Business News.
PPG and the team say the new deal covers 20 years, although they didn’t disclose financial terms.
The move essentially transfers the arena’s naming rights from one large Pittsburgh-area company to another. Consol Energy signed on as a title sponsor of the arena when it opened in 2010.
Consol confirmed they are transferring the naming rights to PPG. The company has struggled with low energy prices in recent months and says the move is part of its corporate transformation, as it moves from a company based on coal production to one that focuses on natural gas.
The post Pittsburgh Penguins say PPG Paints is taking over arena name appeared first on Canadian Business – Your Source For Business News.
The Globe and MailOttawa has brought this country's housing fantasy to an endThe Globe and MailAre you a first-time home buyer concerned about the housing rule changes? Email RYounglai@globeandmail.com and you could be featured in a story. The fantasy of endlessly rising house prices is over. If the housing market doesn't respond to measures …New real estate rules to dampen home sales beyond Toronto and Vancouver, banks sayGlobalnews.caMorneau's measures to stabilize real estate sectorCTV NewsChanges to tax regime and mortgage rules may cool Vancouver housing marketVancouver SunFinancial Post -Bloomberg -MoneySense -MetroNews Canadaall 176 news articles »
Abu Dhabi oil company to merge 2 offshore divisions in UAE
– canadianbusiness.com
DUBAI, United Arab Emirates – The United Arab Emirates’ main state oil company is combining two major offshore divisions as it streamlines its operations amid a slump in oil prices.
The Abu Dhabi National Oil Company, or ADNOC, said Tuesday it will lump the Abu Dhabi Marine Operating Company and the Zakum Development Company into a single new firm.
ADNOC CEO and Emirati Minister of State Sultan al-Jaber says the move comes as the company focuses on “driving efficiency, performance and profitability.”
Abu Dhabi holds the bulk of the oil wealth in the seven-state Emirates federation, one of OPEC’s largest crude producers.
ADNOC has a 60 per cent stake in both offshore divisions. Foreign oil companies hold minority stakes.
The post Abu Dhabi oil company to merge 2 offshore divisions in UAE appeared first on Canadian Business – Your Source For Business News.
The Abu Dhabi National Oil Company, or ADNOC, said Tuesday it will lump the Abu Dhabi Marine Operating Company and the Zakum Development Company into a single new firm.
ADNOC CEO and Emirati Minister of State Sultan al-Jaber says the move comes as the company focuses on “driving efficiency, performance and profitability.”
Abu Dhabi holds the bulk of the oil wealth in the seven-state Emirates federation, one of OPEC’s largest crude producers.
ADNOC has a 60 per cent stake in both offshore divisions. Foreign oil companies hold minority stakes.
The post Abu Dhabi oil company to merge 2 offshore divisions in UAE appeared first on Canadian Business – Your Source For Business News.
