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
Toronto and area home sales dip 39.5 per cent in March compared to year prior + MORE Apr 4th
TORONTO _ Canada’s largest real estate board said Greater Toronto Area home sales in March were down 39.5 per cent from a frenzied pace last year, as the market continued to feel the effects of cooling measures introduced at both the provincial and federal levels.
Both sales and price figures .... More »
Iran conflict latest: IEA warns of "very severe" oil crisis sparked by war - Investing.com + MORE Mar 23rd
Iran conflict latest: IEA warns of "very severe" oil crisis sparked by war Investing.comMore than 40 Middle East energy assets ‘severely damaged,’ IEA chief says CNBCIran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, says IEA chief | First Thi.... More »
Tesla loses $13B in market value after CEO Elon Musk tweets 'stock price is too high' - CBC.ca + MORE May 1st
Tesla loses $13B in market value after CEO Elon Musk tweets 'stock price is too high' CBC.caElon Musk tweet wipes $14bn off Tesla's value BBC NewsTesla shares drop after CEO Elon Musk tweets 'stock price is too high' CNBC TelevisionElon Musk Is Right About Tesla's St.... More »
Making sense of the markets this week: January 23 + MORE Jan 22nd
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
U.S. earnings season is in full swing
Earnings season is off and running. As always, the financials were battling to be the lead-off batter, as we look .... More »
A tax guide for Canadians with disabilities May 3rd
It is the understatement of the century to say that being disabled is expensive. Many advocates refer to the added financial burden as the “disability tax”—the extra, unavoidable costs of living with a disability. In Canada, where about 27% of people identify as disabled according to Statistic.... More »
Sun Life Financial reports 21-per-cent jump in profit
– theglobeandmail.com
The insurer also raised its quarterly dividend by 4 per cent to 42 cents per share
Come by Chance refinery operator cutting 128 jobs in N.L., cites ‘tough’ economy
– canadianbusiness.com
COME BY CHANCE, N.L. – The operator of the Come by Chance oil refinery in eastern Newfoundland says it’s cutting 128 jobs because of the energy sector downturn.
NARL Refining said it was making the cuts to its roughly 600 staff as it tries to remain competitive, citing tough economic conditions among other factors.
The company, owned by New York-based SilverRange Financial Partners, said the decision was necessary to secure the refinery’s future.
The news is only the latest setback for Newfoundland and Labrador’s oil and gas industry, which has seen spending cuts and reduced royalty payouts since oil prices collapsed more than two years ago.
SilverRange bought the refinery in 2014 from the Korea National Oil Corporation for an undisclosed amount just as oil prices started to drop.
The company said it has put a number of resources in place to provide support for people who have lost their jobs and was committed to preserving as many jobs as possible.
The post Come by Chance refinery operator cutting 128 jobs in N…
NARL Refining said it was making the cuts to its roughly 600 staff as it tries to remain competitive, citing tough economic conditions among other factors.
The company, owned by New York-based SilverRange Financial Partners, said the decision was necessary to secure the refinery’s future.
The news is only the latest setback for Newfoundland and Labrador’s oil and gas industry, which has seen spending cuts and reduced royalty payouts since oil prices collapsed more than two years ago.
SilverRange bought the refinery in 2014 from the Korea National Oil Corporation for an undisclosed amount just as oil prices started to drop.
The company said it has put a number of resources in place to provide support for people who have lost their jobs and was committed to preserving as many jobs as possible.
The post Come by Chance refinery operator cutting 128 jobs in N…
Drugmakers soar after Trump victory; hospital operators sink
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Wednesday:
Pfizer Inc., up $2.12 to $32.12
Drugmakers were among the stock market’s biggest winners following the defeat of Hillary Clinton, who had called for more controls on drug pricing.
HCA Holdings Inc., down $8.72 to $72.16
Hospital operators fell following the election of Donald Trump, who has called for the repeal of the Affordable Care Act.
Raytheon Co., up $10.20 to $146.71
Defence contractors rose following Trump’s victory.
Corrections Corp. of America, up $6.12 to $20.31
The private prison operator could see more business if Trump tightens enforcement of immigration rules. Clinton had been negative on the sector.
Coty Inc., down $2.24 to $19.65
The maker of skin care and beauty products reported sharply lower earnings, which fell short of analysts’ forecasts.
SunPower Corp., down $1.04 to $6.30
Clean-energy stocks fell following Trump’s victory.
AK Steel Corp., up 84 cents to $6…
Pfizer Inc., up $2.12 to $32.12
Drugmakers were among the stock market’s biggest winners following the defeat of Hillary Clinton, who had called for more controls on drug pricing.
HCA Holdings Inc., down $8.72 to $72.16
Hospital operators fell following the election of Donald Trump, who has called for the repeal of the Affordable Care Act.
Raytheon Co., up $10.20 to $146.71
Defence contractors rose following Trump’s victory.
Corrections Corp. of America, up $6.12 to $20.31
The private prison operator could see more business if Trump tightens enforcement of immigration rules. Clinton had been negative on the sector.
Coty Inc., down $2.24 to $19.65
The maker of skin care and beauty products reported sharply lower earnings, which fell short of analysts’ forecasts.
SunPower Corp., down $1.04 to $6.30
Clean-energy stocks fell following Trump’s victory.
AK Steel Corp., up 84 cents to $6…
Drug firm AstraZeneca says 3Q earnings fall 12 per cent.
– canadianbusiness.com
LONDON – Anglo-Swedish drugmaker AstraZeneca says third-quarter earnings fell 12 per cent as its blockbuster cholesterol drug Crestor faced its first full quarter of competition in the United States from generic alternatives.
Operating profit declined to $1.03 billion from $1.17 billion in the same period a year earlier. Net income, which includes finance expenses and a one-time tax benefit of $319 million, rose 32 per cent to $1.01 billion.
AstraZeneca has been cutting costs so it can devote more resources to cancer drugs. Sales of cancer treatments rose 19 per cent to $867 million, driven by the introduction of the lung cancer drug Tagrisso and the ovarian cancer drug Lynparza.
U.S. sales of Crestor fell 82 per cent to $124 million after generic competitors went on sale in July.
The post Drug firm AstraZeneca says 3Q earnings fall 12 per cent. appeared first on Canadian Business – Your Source For Business News.
Operating profit declined to $1.03 billion from $1.17 billion in the same period a year earlier. Net income, which includes finance expenses and a one-time tax benefit of $319 million, rose 32 per cent to $1.01 billion.
AstraZeneca has been cutting costs so it can devote more resources to cancer drugs. Sales of cancer treatments rose 19 per cent to $867 million, driven by the introduction of the lung cancer drug Tagrisso and the ovarian cancer drug Lynparza.
U.S. sales of Crestor fell 82 per cent to $124 million after generic competitors went on sale in July.
The post Drug firm AstraZeneca says 3Q earnings fall 12 per cent. appeared first on Canadian Business – Your Source For Business News.
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.
