How to go about securing the best return for your investment in Canada.
Latest News
Morneau to weigh in on OSFI's ‘bank’ branding crackdown + MORE Jul 25th
Canadian banking regulator announced plan to levy penalties against non-bank financial institutions using terms such ‘banking’ and ‘banker’ last month, drawing credit-union trade group’s ire
.... More »
Saving For Your IRA + MORE Mar 2nd
Saving for retirement is a must do for any person that wants to be comfortable in their golden years. There is no excuse for not starting early. Even if you are just putting away 50 bucks a month after you are in your first job out of school, that money will grow by leaps and bounds as long as you d.... More »
Moving this summer? Don’t overlook these costs Jun 18th
There’s more to a real estate transaction than a mortgage..... More »
From Pokemon cards to music royalties: Do alternative investments work? + MORE Oct 22nd
When some rare first-edition Pokemon trading cards went on sale three years ago, Adam O’Brien was hit with a wave of nostalgia. For the now 32-year-old, it was an irresistible offer that had the potential for value in the long run.
It was a bit of a gamble, spending $100,000 for thre.... More »
The best GIC rates in Canada for 2025 Jan 20th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
A lesson from Wednesday's stock plunge: Bonds are essential in a portfolio
– theglobeandmail.com
The only way to reliably reduce the risk of large losses in an equity portfolio is to add a healthy dollop of high-quality bonds
Target breezes past expectations in the first quarter
– canadianbusiness.com
Target is reporting that first-quarter profits jumped almost 8 per cent as attempts to turn around its business appear to be gaining some traction.
The retailer on Wednesday reported earnings of $681 million, or $1.23 per share, for the quarter ended April 29. That compares with $632 million or $1.06 per share in the year-ago quarter.
Adjusted earnings were $1.21 per share.
Revenue fell 1.1 per cent to $16.02 billion. While comparable-stores sales fell, the decline was not as bad as expected.
Target Corp. is trying to reinvent itself as it faces stiff competition from Amazon.
Shares are up more than 5 per cent in premarket trading.
The post Target breezes past expectations in the first quarter appeared first on Canadian Business – Your Source For Business News.
The retailer on Wednesday reported earnings of $681 million, or $1.23 per share, for the quarter ended April 29. That compares with $632 million or $1.06 per share in the year-ago quarter.
Adjusted earnings were $1.21 per share.
Revenue fell 1.1 per cent to $16.02 billion. While comparable-stores sales fell, the decline was not as bad as expected.
Target Corp. is trying to reinvent itself as it faces stiff competition from Amazon.
Shares are up more than 5 per cent in premarket trading.
The post Target breezes past expectations in the first quarter appeared first on Canadian Business – Your Source For Business News.
Ford to cut 1,400 jobs in North America and Asia
– canadianbusiness.com
Ford, facing heavy costs for new technology and slowing U.S. car sales, is cutting 1,400 non-factory jobs in North America and Asia Pacific this year in an effort to boost profits and rescue its sagging stock price.
The company will offer voluntary early retirement and separation packages to around 10 per cent of salaried workers in departments such as sales, marketing and human resources. The packages will be offered to about 15,300 workers, including 600 in Canada, company spokesman Mike Moran said Wednesday. It expects the actions to be complete by the end of September.
The cuts are the biggest to Ford’s U.S. white collar staff since 2007, when 7,200 workers took voluntary buyout packages. Ford believes it will meet its targets by voluntary means, Moran said.
“We remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities,” Ford said in an email sent to employees early Wednesday…
The company will offer voluntary early retirement and separation packages to around 10 per cent of salaried workers in departments such as sales, marketing and human resources. The packages will be offered to about 15,300 workers, including 600 in Canada, company spokesman Mike Moran said Wednesday. It expects the actions to be complete by the end of September.
The cuts are the biggest to Ford’s U.S. white collar staff since 2007, when 7,200 workers took voluntary buyout packages. Ford believes it will meet its targets by voluntary means, Moran said.
“We remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities,” Ford said in an email sent to employees early Wednesday…
Trudeau to promote Canadian tech, lure foreign investment at Microsoft summit
– canadianbusiness.com
Prime Minister Justin Trudeau is expected to pitch major multinational companies on investing in Canada’s technology sector on Wednesday, joining top business leaders inside the closed-door Microsoft CEO Summit in Redmond, Wash.
Trudeau’s visit comes as U.S. President Donald Trump’s administration poses both challenges and opportunities for Canada’s high-tech industry. Trump’s “America First” rhetoric and his plans to slash corporate taxes could mean more investment flows south of the border, but his restrictive approach to immigration could draw talent north, experts say.
Trudeau is the first sitting head of government or state to be invited to address the annual gathering of CEOs, his office said.
“The prime minister’s participation in the summit is an important opportunity to encourage innovation, promote investment in the technology sector, and draw global talent to Canada,” said press secretary Andree-Lyne Halle in a statement…
Trudeau’s visit comes as U.S. President Donald Trump’s administration poses both challenges and opportunities for Canada’s high-tech industry. Trump’s “America First” rhetoric and his plans to slash corporate taxes could mean more investment flows south of the border, but his restrictive approach to immigration could draw talent north, experts say.
Trudeau is the first sitting head of government or state to be invited to address the annual gathering of CEOs, his office said.
“The prime minister’s participation in the summit is an important opportunity to encourage innovation, promote investment in the technology sector, and draw global talent to Canada,” said press secretary Andree-Lyne Halle in a statement…
Trump reports weigh on global stocks and the dollar
– canadianbusiness.com
Global stock markets and the dollar drifted lower Wednesday as traders fretted over reports that President Donald Trump appealed to ex-FBI Director James Comey to ditch an investigation into ousted national security adviser Michael Flynn. Though the White House has denied the allegation, there’s mounting unease in markets over the developments in the U.S. government.
KEEPING SCORE: In Europe, Germany’s DAX was down 0.3 per cent at 12,768 while the CAC 40 in France fell 0.4 per cent to 5,387. The FTSE 100 index of leading British shares was 0.1 per cent lower at 7,519 and near all-time highs. U.S. stocks were poised for a lower opening with Dow futures and the broader S&P 500 futures down 0.4 per cent.
TRUMP UNEASE: Traders appear to be growing concerned over the outlook for the Trump administration both politically and economically. A day barely passes without some new report about the president and his team. The latest centres on a memo that Comey wrote that showed the president asking him to shut down an FBI investigation into Flynn…
KEEPING SCORE: In Europe, Germany’s DAX was down 0.3 per cent at 12,768 while the CAC 40 in France fell 0.4 per cent to 5,387. The FTSE 100 index of leading British shares was 0.1 per cent lower at 7,519 and near all-time highs. U.S. stocks were poised for a lower opening with Dow futures and the broader S&P 500 futures down 0.4 per cent.
TRUMP UNEASE: Traders appear to be growing concerned over the outlook for the Trump administration both politically and economically. A day barely passes without some new report about the president and his team. The latest centres on a memo that Comey wrote that showed the president asking him to shut down an FBI investigation into Flynn…
