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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A Nobel Idea to Pay CEOs What They're Actually Worth
– online.wsj.com
Indexing stock options would reward only skilled executives who beat their industry average.Home Depot beats Street 3Q forecasts
– canadianbusiness.com
ATLANTA – The Home Depot Inc. (HD) on Tuesday reported fiscal third-quarter earnings of $1.97 billion.
The Atlanta-based company said it had profit of $1.60 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The home-improvement retailer posted revenue of $23.15 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $23.04 billion.
Home Depot shares have fallen 3.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 6 per cent. The stock has increased 3 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HD at https://www.zacks.com/ap/HD
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Keywords: Home Depot, Earnings Report, Priority Earnings
The post Home Depot beats Street 3Q forecasts appeared first on Canadian Business – Your Source For Business News.
The Atlanta-based company said it had profit of $1.60 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The home-improvement retailer posted revenue of $23.15 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $23.04 billion.
Home Depot shares have fallen 3.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 6 per cent. The stock has increased 3 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HD at https://www.zacks.com/ap/HD
_____
Keywords: Home Depot, Earnings Report, Priority Earnings
The post Home Depot beats Street 3Q forecasts appeared first on Canadian Business – Your Source For Business News.
Cyprus’ biggest bank to list on London Stock Exchange
– canadianbusiness.com
NICOSIA, Cyprus – Cyprus’ biggest bank said Tuesday it’s applying for a listing on the London Stock Exchange to boost its profile, attract investors and expand its access to capital.
The Bank of Cyprus said it intends to maintain a listing on the Cyprus Stock Exchange, but won’t be listed on the Athens Exchange.
The bank said it has incorporated a holding company for the Bank of Cyprus Group in Ireland in order to be eligible for inclusion in the London Stock Exchange’s premium listings.
But the lender’s headquarters, management and operations will remain in Cyprus.
“We believe that the Bank and its stakeholders will benefit from the greater profile, liquidity and access to capital that a London listing offers,” said Bank of Cyprus Chairman Josef Ackermann in a statement. He added the higher profile would help boost confidence in the bank and help it support economic growth in the east Mediterranean island nation.
The bank was at the centre of a multibillion-euro rescue deal Cyprus agreed in 2013 with its eurozone partners that saved it from bankruptcy…
The Bank of Cyprus said it intends to maintain a listing on the Cyprus Stock Exchange, but won’t be listed on the Athens Exchange.
The bank said it has incorporated a holding company for the Bank of Cyprus Group in Ireland in order to be eligible for inclusion in the London Stock Exchange’s premium listings.
But the lender’s headquarters, management and operations will remain in Cyprus.
“We believe that the Bank and its stakeholders will benefit from the greater profile, liquidity and access to capital that a London listing offers,” said Bank of Cyprus Chairman Josef Ackermann in a statement. He added the higher profile would help boost confidence in the bank and help it support economic growth in the east Mediterranean island nation.
The bank was at the centre of a multibillion-euro rescue deal Cyprus agreed in 2013 with its eurozone partners that saved it from bankruptcy…
What are the tax rules for LIRAs?
– moneysense.ca
Q: My LIRA is currently valued at $48,000. I am 49 years of age. I am employed part time, with low annual income of about $10,000, but we don’t anticipate needing the money until age 65 to 70. I have always assumed that any investments that can be held in an RRSP can also be held in a LIRA. I am now concerned that this may not be the case. I am also unclear as to how I will access this money in the future. What are the taxation rules and can I switch to an annuity at any time without being taxed?
—Claudia
A: Let’s start with what a LIRA is. A LIRA or Locked-In Retirement Account is an RRSP with restrictions on the use of the funds to ensure it is used for lifetime retirement income. It falls under pension legislation which varies from province to province. Typically the earliest you can withdraw funds from a LIRA is age 55 and it must be rolled into a Life Income Fund (LIF) or used to purchase a life annuity.
Claudia can invest within the LIRA as if it is an RRSP. Choose a mix of investments that are moderate to aggressive given the 15+ years ahead…
8 simple steps to start the home buying process
– moneysense.ca
It’s Financial Literacy Month and MoneySense is releasing a new cheat sheet on the basics of personal finance for four days this week. On Friday, we’ll have a special Facebook Live testing other magazine editors on their money sense. Tune in live at 3 p.m. on our Facebook page to watch us put them to the test. Follow us and participate if you think you know your stuff.
Real estate isn’t just a place to live anymore, it’s now an integral part of your financial plan. But that doesn’t mean you should get in at all cost. To make it work, you need to consider the purchase of a home as part of your overall financial plan. To help you stay on track, here are eight simple steps you can take to start the home-buying process in a fiscally responsible way.
1. Start budgeting
Most people start their home buying process by going to an open house or by going online to the Multiple Listing Service— a collection of private databases used by real estate brokers to list homes for sale…
