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The best bank account should manage itself Jul 17th
Between long hours at work and day-to-day responsibilities at home, finding time to take a break, catch up with friends or even squeeze in a workout requires serious time management skills. So it’s easy to shrug it off if you’re a couple of weeks late on that last Internet bill or get accustomed.... More »
After 100-day wait, English soccer returns and takes a knee - Sports - Castanet.net Jun 18th
After 100-day wait, English soccer returns and takes a knee - Sports Castanet.netEnglish Premier League resumes, but smaller soccer clubs face financial crisis Globalnews.caPremier League resumes with anti-racism message, tech glitch TSNPremier League return: five ta.... More »
How much credit card debt does the average Canadian have? Jun 21st
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Does TINA still apply for the stock market? Are GICs and bonds a new option for Canadian investors? + MORE Nov 1st
Like many investors, I’ve seen the media and RBC report that some $10 billion moved out of chequing, savings and mutual funds into guaranteed investment certificates (GICs) in the third fiscal quarter. I’m also well aware of the increases in bond yields. Even so, unlike some of my advisor peers,.... More »
RBC beats profit expectations, raises dividend and plans to buy back shares - The Globe and Mail May 28th
RBC beats profit expectations, raises dividend and plans to buy back shares The Globe and MailROYAL BANK OF CANADA REPORTS SECOND QUARTER 2026 RESULTS Yahoo! Finance CanadaRoyal Bank of Canada declares dividends PR Newswire CanadaRBC tops expectations, hikes dividend.... More »
2017 winners and losers: Amazon, Boeing soared; GE plunged
– canadianbusiness.com
NEW YORK _ It was a strong year for the stock market, but 2017 was a great year if you made airplanes (think Boeing), were an online juggernaut (Amazon) or built homes (KB Homes). It was a year to forget if you were an energy company (Chesapeake) made Barbie dolls (Mattel) or if you were a storied industrial conglomerate about to go on a radical slim-down program (General Electric).
The stock market had a banner year overall, but there were plenty of big winners, and big losers, among individual U.S. companies. Here’s a look at a few of them.
THE WINNERS
_ THE MIGHTY AMAZON:
Amazon’s gain of 58 per cent in 2017 was hardly shabby, but that number only begins to tell of the enormous effect the company had on the broader market. No other company struck as much fear in its rivals, or potential rivals.
Department stores and mall-based retailers continued to plunge as Americans did more of their shopping at Amazon, while other companies like Walmart raced to build up their own online offerings…
The stock market had a banner year overall, but there were plenty of big winners, and big losers, among individual U.S. companies. Here’s a look at a few of them.
THE WINNERS
_ THE MIGHTY AMAZON:
Amazon’s gain of 58 per cent in 2017 was hardly shabby, but that number only begins to tell of the enormous effect the company had on the broader market. No other company struck as much fear in its rivals, or potential rivals.
Department stores and mall-based retailers continued to plunge as Americans did more of their shopping at Amazon, while other companies like Walmart raced to build up their own online offerings…
The high cost of Canada’s increasing wealth inequality
– theglobeandmail.com
Results of a recent Statscan survey show that younger people hold fewer assets and borrow more while older people own more assets and have less debt. Further, the median wealth is substantially lower among lone-parent families and persons living alone, whose numbers have risen
Toronto Stock Exchange’s main index sets record close and intraday mark
– canadianbusiness.com
TORONTO _ Canada’s main stock index established a new record close on the first day of trading after Christmas and Boxing Day holidays.
The Toronto Stock Exchange’s S&P/TSX composite index closed up 37.86 points to 16,203.13, besting the previous record set Dec. 21. It had earlier reached a record intraday high of 16,207.52.
In New York, the Dow Jones industrial average was up 28.09 points to 24,774.30. The S&P 500 index was up 2.12 points to 2,682.62 and the Nasdaq composite index rose 3.09 points to 6,939.34.
The Canadian dollar closed at an average trading price of 79.11 cents US, up 0.73 of a U.S. cent.
The February crude oil contract settled at US$59.64 per barrel, down 33 cents, and the February natural gas contract was US$2.73 per mmBTU, up 7.8 cents.
The February gold contract was up $3.90 to US$1,291.40 an ounce and the March copper contract was unchanged at US$3.28 a pound.
The post Toronto Stock Exchange’s main index sets record close and intraday mark appeared first on Canadian Business – Your Source For Business News.
The Toronto Stock Exchange’s S&P/TSX composite index closed up 37.86 points to 16,203.13, besting the previous record set Dec. 21. It had earlier reached a record intraday high of 16,207.52.
In New York, the Dow Jones industrial average was up 28.09 points to 24,774.30. The S&P 500 index was up 2.12 points to 2,682.62 and the Nasdaq composite index rose 3.09 points to 6,939.34.
The Canadian dollar closed at an average trading price of 79.11 cents US, up 0.73 of a U.S. cent.
The February crude oil contract settled at US$59.64 per barrel, down 33 cents, and the February natural gas contract was US$2.73 per mmBTU, up 7.8 cents.
The February gold contract was up $3.90 to US$1,291.40 an ounce and the March copper contract was unchanged at US$3.28 a pound.
The post Toronto Stock Exchange’s main index sets record close and intraday mark appeared first on Canadian Business – Your Source For Business News.
Out in the cold: Sears staff, retirees live amid uncertainty as retailer closes its doors
– theglobeandmail.com
Employees and retirees wonder how a company can sell assets worth billions yet be unable to meet its pension commitments
What Canada’s financial industry fears in 2018
– theglobeandmail.com
A survey of top banks, insurance companies, pension funds and asset managers sheds light on what to expect in the new year
