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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Toronto stock index takes big step back, loonie continues to advance
– canadianbusiness.com
TORONTO _ Canada’s main stock index took a big step backward this morning, a day after coming close to setting an all-time high.
The Toronto Stock Exchange’s S&P/TSX composite index was down 102.82 points after two hours of trading at 15,483.76, with mining stocks leading the benchmark index lower.
The current S&P/TSX record high close is 15,657.63, which was set on Sept. 3, 2014. The market approached that level on Thursday, hitting 15,621.40 at the intraday high before closing at 15,586.58.
In New York, the Dow Jones industrial average gained 27.47 points to 19,926.76 and the S&P 500 rose 3.35 points to 2,272.35. The Nasdaq composite advanced 23.66 points to 5,511.59.
The Canadian dollar was at 75.63 cents US, up 0.19 of a U.S. cent from Thursday’s close.
The February crude contract slipped 16 cents to US$53.60 per barrel and February natural gas was down three cents at US$3.30 per mmBTU.
The February gold contract fell $5.30 to US$1,176.00 an ounce and March copper was down one cent at US$2…
The Toronto Stock Exchange’s S&P/TSX composite index was down 102.82 points after two hours of trading at 15,483.76, with mining stocks leading the benchmark index lower.
The current S&P/TSX record high close is 15,657.63, which was set on Sept. 3, 2014. The market approached that level on Thursday, hitting 15,621.40 at the intraday high before closing at 15,586.58.
In New York, the Dow Jones industrial average gained 27.47 points to 19,926.76 and the S&P 500 rose 3.35 points to 2,272.35. The Nasdaq composite advanced 23.66 points to 5,511.59.
The Canadian dollar was at 75.63 cents US, up 0.19 of a U.S. cent from Thursday’s close.
The February crude contract slipped 16 cents to US$53.60 per barrel and February natural gas was down three cents at US$3.30 per mmBTU.
The February gold contract fell $5.30 to US$1,176.00 an ounce and March copper was down one cent at US$2…
Calendar: What investors need to know for the week ahead
– theglobeandmail.com
A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead
Canada’s economic recovery will need more than export growth
– theglobeandmail.com
U.S. president-elect Donald Trump’s protectionist threats pose a barrier to the business investment that Canada sorely needs
Don’t invest in Trump’s plan to save coal country
– moneysense.ca
Donald Trump moves markets with a single tweet, but investors shouldn’t bet on his plan to revive coal country. Coal is quickly falling out of favour as an energy source in the U.S. and China. It remains to be seen if emerging economies push demand for coal, but don’t count on Trump to stoke the fire under the commodity.
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The post Don’t invest in Trump’s plan to save coal country appeared first on MoneySense.
Yanis Varoufakis: A Greek warrior sets sights on a new battle
– theglobeandmail.com
Having lost the old fight over Greece’s financial future, Mr. Varoufakis is focused on a different cause: preserving the European Union
