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
Consumer group that battles the big telcos blames CRTC for its 'dire' financial troubles Dec 17th
The Public Interest Advocacy Centre, the voice behind some of the country’s most important consumer protections, is at risk of having to close its doors for good. And it says the CRTC, the regulator it has so often prodded over the past 42 years, is to blame for its financial troub.... More »
After journalist vanishes, focus shifts to young prince's 'dark' and bullying side - Washington Post Oct 14th
Washington PostAfter journalist vanishes, focus shifts to young prince's 'dark' and bullying sideWashington PostWhen he hosted last October's glittering global investment conference in Saudi Arabia, Crown Prince Mohammed bin Salman had the world at his fingertips. Thousands of in.... More »
Insurance for self-employed Canadians: What coverage do you need? + MORE Sep 4th
A common feature of employee benefit plans in Canada is insurance coverage. The types and amounts of insurance vary, and employees should consider their personal situation to determine if they need additional coverage beyond their group plan—as they often do.
If you are self-employe.... More »
Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer - The Hill Times + MORE Feb 10th
Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer The Hill TimesCanadian Cancer Society fights financial burden of disease on World Cancer Day CTV NewsEven with health care, cancer inflicts ‘enormous financial strain’ on patients&nbs.... More »
TSX hits record high, now within striking distance of 17,000 points as oil rally continues - CBC News Sep 20th
TSX hits record high, now within striking distance of 17,000 points as oil rally continues CBC NewsThe Stock Market Is at a Record High: Is it Time to Get out? The Motley Fool CanadaMarkets in record territory - Business News Castanet.netView full coverage on Google .... More »
WSP Global Q4 beats revenue expectations but profit falls on U.S. tax charge
– canadianbusiness.com
MONTREAL _ Engineering firm WSP Global Inc. beat analyst expectations with revenue of $1.48 billion in the fourth quarter of 2017, versus $1.33 billion a year earlier, but net earnings came up short at $30 million, compared with $56 million a year ago.
The Montreal-based company recorded a $16-million non-cash income tax charge to account for lower U.S. corporate taxes but said the change announced by the Trump government late last year will benefit its bottom line going forward.
It added there were four fewer billable days in the quarter in 2017 versus the same period in 2016.
CEO Alexandre L’Heureux pointed out that WSP completed 10 strategic acquisitions last year, expanding into the Australia/New Zealand region and Latin America and added 5,000 new workers.
He said the company expects to have organic growth of one- to four-per cent this year.
RBC analyst Derek Spronck said in a report that WSP’s growth profile from a combination of organic growth, acquisitions, and margin expansion makes it attractive for investors…
The Montreal-based company recorded a $16-million non-cash income tax charge to account for lower U.S. corporate taxes but said the change announced by the Trump government late last year will benefit its bottom line going forward.
It added there were four fewer billable days in the quarter in 2017 versus the same period in 2016.
CEO Alexandre L’Heureux pointed out that WSP completed 10 strategic acquisitions last year, expanding into the Australia/New Zealand region and Latin America and added 5,000 new workers.
He said the company expects to have organic growth of one- to four-per cent this year.
RBC analyst Derek Spronck said in a report that WSP’s growth profile from a combination of organic growth, acquisitions, and margin expansion makes it attractive for investors…
Bank accounts can be used to teach kids basic financial literacy lessons
– canadianbusiness.com
OTTAWA _ Omar Abouzaher remembers going to the bank with his daughter so she could make her first deposit into an account that was opened for her when she was just a toddler.
The regional vice-president for the Bank of Montreal’s daughter was four when they took her piggy bank to deposit the coins.
“She’s a banker at heart,” he said.
While RESP accounts can help parents save for a child’s education, opening a savings account for a child can be the first step in teaching basic financial literacy, Abouzaher said.
“I believe sometimes we wait too long until the kids are a bit older and try to cram all this financial information and throw it at them,” he said.
Abouzaher recommends starting with teaching what it means to save and then build on that foundation.
“The older they grow, they’ll understand as well the other components or the other pieces that are maybe a little bit more complex when it comes to understanding debt, understanding what it takes to pay tuition, what it takes to manage your credit,” he said…
The regional vice-president for the Bank of Montreal’s daughter was four when they took her piggy bank to deposit the coins.
“She’s a banker at heart,” he said.
While RESP accounts can help parents save for a child’s education, opening a savings account for a child can be the first step in teaching basic financial literacy, Abouzaher said.
“I believe sometimes we wait too long until the kids are a bit older and try to cram all this financial information and throw it at them,” he said.
Abouzaher recommends starting with teaching what it means to save and then build on that foundation.
“The older they grow, they’ll understand as well the other components or the other pieces that are maybe a little bit more complex when it comes to understanding debt, understanding what it takes to pay tuition, what it takes to manage your credit,” he said…
Is Saudi crown prince Mohammed bin Salman hiding his mother from the king? – South China Morning Post
– news.google.ca
South China Morning PostIs Saudi crown prince Mohammed bin Salman hiding his mother from the king?South China Morning PostSaudi Arabian Crown Prince Mohammed bin Salman has garnered international intrigue in the months since manoeuvring to become next in line for the throne. Part of that plan was seemingly to hide his mother away from his father, the king – fearing she …Aramco Gets Cool Response on IPO From US InvestorsBloombergSaudi Crown Prince Says Will Develop Nuclear Bomb If Iran Does: ReportsNDTVFrench judge issues arrest warrant for daughter of Saudi KingABC OnlineAl-Arabiya -Manila Bulletin -NPR -Center for Research on Globalizationall 275 news articles »
Canadian auto parts giant Magna International gets lift from partnership with Lyft
– canadianbusiness.com
AURORA, Ont. _ Magna International stock was up almost five per cent in early trading Thursday following a technology development deal between the Canadian auto parts giant and Lyft Inc., an American ride-hailing company.
The CEO of Magna International says he sees a great long-term opportunity for developing advanced driverless car technology through its new multi-year partnership and a US$200 million investment in Lyft.
Magna chief executive Don Walker told analysts Thursday that Magna will have the exclusive right to manufacture kits that will be used to convert Lyft’s fleet into autonomous, driverless vehicles.
The kits will include cameras, radar and other sensors required for the vehicles as well as software developed by the two companies, using Magna’s manufacturing expertise and Lyft’s data from its ride-sharing operations..
Walker said Magna hopes the expertise it gains will help its relationship with current and future customers, which include many of the world’s best-known car manufacturers…
The CEO of Magna International says he sees a great long-term opportunity for developing advanced driverless car technology through its new multi-year partnership and a US$200 million investment in Lyft.
Magna chief executive Don Walker told analysts Thursday that Magna will have the exclusive right to manufacture kits that will be used to convert Lyft’s fleet into autonomous, driverless vehicles.
The kits will include cameras, radar and other sensors required for the vehicles as well as software developed by the two companies, using Magna’s manufacturing expertise and Lyft’s data from its ride-sharing operations..
Walker said Magna hopes the expertise it gains will help its relationship with current and future customers, which include many of the world’s best-known car manufacturers…
Act now or forever play global catch up on clean technology: Report
– canadianbusiness.com
OTTAWA _ Canada’s share of the fastest growing industry in the world has been shrinking over the last decade _ and a new report says it’s time to step it up or miss out on a trillion-dollar opportunity.
The Ottawa-based Smart Prosperity Institute report _ to be released today in Vancouver at the Globe Forum Leadership Summit for Sustainable Business _ says clean technology will be a $2.2-trillion industry worldwide by 2022, with an estimated $3.6 trillion of investment up for grabs globally between now and 2030.
However, Canada’s market share in the global clean tech industry has fallen 12 per cent in the last decade, and will continue to contract without a solid, long-term commitment to growing the industry, said institute co-chair Stewart Elgie, a professor of law and economics at the University of Ottawa.
“Clean innovation is the big global economic prize in the next decade that leading nations are pursuing around the world,” Elgie said. “If Canada wants to win that race, we’ve got to raise our game…
The Ottawa-based Smart Prosperity Institute report _ to be released today in Vancouver at the Globe Forum Leadership Summit for Sustainable Business _ says clean technology will be a $2.2-trillion industry worldwide by 2022, with an estimated $3.6 trillion of investment up for grabs globally between now and 2030.
However, Canada’s market share in the global clean tech industry has fallen 12 per cent in the last decade, and will continue to contract without a solid, long-term commitment to growing the industry, said institute co-chair Stewart Elgie, a professor of law and economics at the University of Ottawa.
“Clean innovation is the big global economic prize in the next decade that leading nations are pursuing around the world,” Elgie said. “If Canada wants to win that race, we’ve got to raise our game…
