Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
American Express Increases the Value of Points for Purchases Jun 3rd
For a limited time, American Express is offering consumer cardmembers more value for Points for Purchases. From April 17, until September 30, 2020, cardholders can use 1,000 points for a $10 statement credit on all eligible non-travel related purchases. That means Membership Rewards points are curr.... More »
CitiBank Cuts Travel Insurance On Credit Cards Jul 4th
Canadians with Citibank cards may enjoy the benefits that come with it, including travel and insurance perks. But as of September 22, 2019, Citibank has announced it is slashing those benefits – particularly the ones associated with travel.
The benefits that will no longer be honored are worldwid.... More »
Coast Capital Savings Credit Union Review Nov 13th
Coast Capital Savings is a BC-based credit union with a long history dating back to the 1940s. As a federally chartered credit union, it has expanded its services to members across Canada, offering a wide range of personal banking products and services.
If you’re unfamiliar with Coast Capital,.... More »
Canadians mostly happy with grocers despite bread price fixing scheme: survey + MORE Feb 21st
TORONTO _ A new survey suggests Canadians still have a strong relationship with their grocer _ with only about a third of respondents saying their view of their favoured retailer has worsened following revelations of an alleged industry-wide bread price-fixing scandal.
The annual online survey by Ar.... More »
How Else is My Credit Score Used? + MORE May 3rd
This series by personal finance specialist Amanda Reaume focuses on how to improve something that many people overlook: your credit score. These posts will give you tips and tricks to improve your chances of getting approved for better rates when you apply for credit – leading to better student l.... More »
How the Dow Jones industrial average fared on Wednesday
– canadianbusiness.com
Stocks closed sharply higher Wednesday as investors reacted to Donald Trump being elected president of the United States in an upset victory over Hillary Clinton.
Banks, drugmakers and industrial companies gained the most, while safe-haven assets like utilities slumped. The market hopes that Trump’s plans for infrastructure spending, tax cuts and lighter regulation will benefit the economy.
On Wednesday:
The Dow Jones industrial average climbed 256.95 points, or 1.4 per cent, to 18,589.69.
The Standard & Poor’s 500 index gained 23.70 points, or 1.1 per cent, to 2,163.26.
The Nasdaq composite added 57.58 points, or 1.1 per cent, to 5,251.07.
For the week:
The Dow is up 701.41 points, or 3.9 per cent.
The S&P 500 is up 78.08 points, or 3.7 per cent.
The Nasdaq is up 204.70 points, or 4.1 per cent.
For the year:
The Dow is up 1,164.66 points, or 6.7 per cent.
The S&P 500 is up 119.32 points, or 5.8 per cent.
The Nasdaq is up 243.66 points, or 4.9 per cent.
The post How the Dow Jones industrial average fared on Wednesday appeared first on Canadian Business – Your Source For Business News.
Banks, drugmakers and industrial companies gained the most, while safe-haven assets like utilities slumped. The market hopes that Trump’s plans for infrastructure spending, tax cuts and lighter regulation will benefit the economy.
On Wednesday:
The Dow Jones industrial average climbed 256.95 points, or 1.4 per cent, to 18,589.69.
The Standard & Poor’s 500 index gained 23.70 points, or 1.1 per cent, to 2,163.26.
The Nasdaq composite added 57.58 points, or 1.1 per cent, to 5,251.07.
For the week:
The Dow is up 701.41 points, or 3.9 per cent.
The S&P 500 is up 78.08 points, or 3.7 per cent.
The Nasdaq is up 204.70 points, or 4.1 per cent.
For the year:
The Dow is up 1,164.66 points, or 6.7 per cent.
The S&P 500 is up 119.32 points, or 5.8 per cent.
The Nasdaq is up 243.66 points, or 4.9 per cent.
The post How the Dow Jones industrial average fared on Wednesday appeared first on Canadian Business – Your Source For Business News.
