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
Quebec to cut taxes for small, medium sized businesses in next budget: Couillard + MORE Jan 26th
SHANGHAI _ The Quebec Liberals are planning to cut taxes for small- and medium-sized businesses in the next provincial budget, Premier Philippe Couillard said Thursday.
He told reporters accompanying him on a trade mission to China that those businesses find themselves under increased pressure due t.... More »
6 Ways Businesses Can Use Money Wisely + MORE Nov 19th
Of the many moving parts that go into running a business, the financial structure is arguably the most important one to manage. This stems from the fact that this structure is what dictates in what direction business can go. Also, it dictates how quickly they can go in that direction. For example, i.... More »
How to build a couch potato portfolio + MORE Sep 3rd
Though the investment industry now offers a few different ways to create a couch potato portfolio, they all have a few things in common. First, they all adhere to the ethos of passive investing, such that you end up with broad exposure to the stock and bond markets—and possibly other asset classes.... More »
Deficit soars to $78.3 billion as Carney budget bets big on 'investment' spending while slashing public service Nov 5th
Carney’s minority government stakes its survival on the plan that books more than $141 billion in new federal spending over the next five years..... More »
What expenses can you deduct for a second property in Canada? + MORE Sep 14th
If someone owns a second property, what can they deduct? Can they deduct the cost of purchasing or renovations?—Nicole
The types of expenses you can deduct for a second property
There are several expenses that can be deducted from a second property, particularly if it is designated as an inv.... More »
Notable & Quotable: Oxfam
– online.wsj.com
‘Is it really true that the bottom 50% of the world’s population accounts for only 0.16% of the wealth on the planet?’The right way to cut politicians’ pay
– macleans.ca
Edmonton Mayor Don Iveson speaks during an announcement that Rogers Communications bought the naming rights for the new hockey arena in Edmonton December 3, 2013. (Dan Riedlhuber/Reuters)In 1932, during the depths of the Great Depression, baseball great Babe Ruth demanded an extension of his record-breaking $80,000 a year salary with the New York Yankees. When a sports writer pointed out such a sum was more than U.S. president Herbert Hoover earned, the Babe replied, “I had a better year than he did.”
You could say the same thing about Edmonton Mayor Don Iveson and Edmonton Oiler Connor McDavid. While McDavid is currently leading the NHL scoring race and has the Oilers positioned for the playoffs for the first time in a decade (all for $3.7 million a year), Iveson presides over a city still reeling from the collapse in oil prices and a shrinking provincial economy. As a result, his worship has seen his salary drop by nearly $4,000. I think we know who’s having the better year.
In an intriguing quirk of policy, city council salaries in Edmonton are calculated based on changes to provincial average weekly earnings over the previous year…
Steven Mnuchin’s ‘predatory’ past at the top of Democrats' hearing priorities
– theglobeandmail.com
Donald Trump’s Treasury Secretary nominee is expected to face tough questions over the role his bank played in foreclosing on Americans’ homes during the financial crisis
Indexers take note: The Dow is now beating the S&P 500
– theglobeandmail.com
Dow Jones industrial average’s bias toward financials and industrials and rising bond yields make ETFs that track the blue-chip index a better buy
Loonie loses nearly a full cent after Poloz says rate cut still ‘on the table’
– canadianbusiness.com
TORONTO _ The Canadian dollar plunged almost a full cent Wednesday following the Bank of Canada governor’s comments that a cut in the interest rate “remains on the table.”
The loonie was down 0.98 of a U.S. cent to 75.60 cents US just before 1 p.m. ET.
The currency began to weaken during a news conference by Stephen Poloz, where the central bank governor said an interest rate cut was possible if the economy deteriorates amid uncertainty surrounding U.S. president-elect Donald Trump’s policies.
As expected, the rate was unchanged at 0.5 per cent, where it has remained since July 2015.
The Bank of Canada also released its monetary policy report, in which it warned there would be “material consequences” for trade if protectionist policies under Trump come into effect.
North American stock markets are were mostly flat, with the Toronto Stock Exchange’s S&P/TSX composite index falling five points at 15,436.36 in early afternoon trading.
In New York, the Dow Jones industrial average was down a moderate 48…
The loonie was down 0.98 of a U.S. cent to 75.60 cents US just before 1 p.m. ET.
The currency began to weaken during a news conference by Stephen Poloz, where the central bank governor said an interest rate cut was possible if the economy deteriorates amid uncertainty surrounding U.S. president-elect Donald Trump’s policies.
As expected, the rate was unchanged at 0.5 per cent, where it has remained since July 2015.
The Bank of Canada also released its monetary policy report, in which it warned there would be “material consequences” for trade if protectionist policies under Trump come into effect.
North American stock markets are were mostly flat, with the Toronto Stock Exchange’s S&P/TSX composite index falling five points at 15,436.36 in early afternoon trading.
In New York, the Dow Jones industrial average was down a moderate 48…
