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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Allegations of inflated property values at centre of RCMP syndicated mortgage fraud investigation Jul 19th
The RCMP believe an alleged mortgage fraud involving real-estate projects across the country runs so deep that it could hurt Canadian financial and real estate markets..... More »
The smart seller’s secret to reducing capital gains tax in Canada + MORE Jul 18th
For many Canadians, selling a property can come with a surprise: the capital gains tax. Whether it’s a cottage, rental property, or former principal residence, understanding how capital gains are calculated and how a professional appraisal can significantly reduce your tax burden is crucial. .... More »
Improbable Leverages Improved Financial Profile to Drive Innovation in AI, the Metaverse, and Web3 Through Venture Building - Financial Post Jan 22nd
Improbable Leverages Improved Financial Profile to Drive Innovation in AI, the Metaverse, and Web3 Through Venture Building Financial Post.... More »
How to Time Your Student Loan Payback + MORE Feb 27th
How should you schedule your student loan payments? Should you get rid of student debt as early as possible? To answer that, first look at all of your needs and financial obligations. Then weigh your options and choose the right payment plan.
Should You Pay Off Your Student Loans Early?
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The best high-interest savings accounts in Canada for 2024 + MORE Jun 17th
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The best high-interest savings accounts in Canada for 2024
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Is change afoot at Crescent Point Energy?
– theglobeandmail.com
Discontent boils up among existing investors as hints of a potential activist interest float the crude producer’s stock
HSBC warns of risks to world economic growth as profit dives
– canadianbusiness.com
London-based bank HSBC reported Tuesday that annual profit slumped by more than 80 per cent following a year of “unexpected economic and political events” that contributed to volatile markets and influenced investment activity.
Europe’s biggest bank that net profit for 2016 tumbled 82 per cent to $2.5 billion from $13.5 billion a year ago.
Annual revenue fell 18.5 per cent to $48 billion.
In the most recent quarter, its net loss widened to $4.3 billion from $1.3 billion in the same period the previous year.
In a statement, Chairman Douglas Flint said the bank has recently raised its forecast for global economic growth. However, he warned that the risks remain high because of the threat of populism in upcoming European elections, the threat of global trade protection measures from President Donald Trump’s administration and uncertainty over Britain’s negotiations to leave the European Union.
HSBC is in the middle of carrying out a sweeping reorganization to focus on faster-growing Asia, where it earns the bulk of its profits…
Europe’s biggest bank that net profit for 2016 tumbled 82 per cent to $2.5 billion from $13.5 billion a year ago.
Annual revenue fell 18.5 per cent to $48 billion.
In the most recent quarter, its net loss widened to $4.3 billion from $1.3 billion in the same period the previous year.
In a statement, Chairman Douglas Flint said the bank has recently raised its forecast for global economic growth. However, he warned that the risks remain high because of the threat of populism in upcoming European elections, the threat of global trade protection measures from President Donald Trump’s administration and uncertainty over Britain’s negotiations to leave the European Union.
HSBC is in the middle of carrying out a sweeping reorganization to focus on faster-growing Asia, where it earns the bulk of its profits…
Ontario deficit down to $1.9 billion; higher revenue, use of reserve
– canadianbusiness.com
Ontario’s deficit for this fiscal year is down to $1.9 billion, due in part to higher tax revenues, a hot housing market and the use of the province’s reserve.
The government had projected $4.3 billion in last year’s budget, and the lower deficit puts the government closer to presenting a balanced budget this spring.
Finance Minister Charles Sousa released the province’s third-quarter finances Tuesday and said Ontario’s real GDP grew by 0.7 per cent, led by business exports, consumer spending and real estate investments.
“Overall, these positive economic factors _ more businesses succeeding, more people working, consumer confidence improving and exports rising, have had a positive effect on Ontario’s finances ahead of plan,” he said.
Ontario projects real GDP growth of 2.2 per cent in 2017, but said rising interest rates could weaken economic activity.
NDP Leader Andrea Horwath said no one lends any credence to the government “beating” its own deficit projections…
The government had projected $4.3 billion in last year’s budget, and the lower deficit puts the government closer to presenting a balanced budget this spring.
Finance Minister Charles Sousa released the province’s third-quarter finances Tuesday and said Ontario’s real GDP grew by 0.7 per cent, led by business exports, consumer spending and real estate investments.
“Overall, these positive economic factors _ more businesses succeeding, more people working, consumer confidence improving and exports rising, have had a positive effect on Ontario’s finances ahead of plan,” he said.
Ontario projects real GDP growth of 2.2 per cent in 2017, but said rising interest rates could weaken economic activity.
NDP Leader Andrea Horwath said no one lends any credence to the government “beating” its own deficit projections…
Stock markets in Canada and the United States touched record closing highs on Tuesday, driven by news of big deals.
Ottawa approves sale of B.C. retirement-home chain to Chinese group with murky ownership
– theglobeandmail.com
On paper, a majority stake in Vancouver-based Retirement Concepts is being sold to a Chinese-owned company called Cedar Tree Investment Canada — the company that China’s Anbang Insurance is using to make the acquisition
