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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China’s manufacturing contracts for 3rd straight month in sign of economic weakness + MORE Nov 1st
BEIJING, China – China’s manufacturing contracted for the third consecutive month in October in a sign of weakness in the world’s second-largest economy.
The National Bureau of Statistics said Sunday that China’s purchasing managers’ index was 49.8 for October, the same.... More »
HBC profit up as revenue surges 70% + MORE Apr 5th
Hudson's Bay Co. has reported a sharp increase in both fourth-quarter and full-year net earnings as the department store group got a big boost from the sale of real estate investments..... More »
The best 5-year fixed mortgage rates in Canada May 22nd
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE Apr 3rd
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
Russian President Putin meets with Chinese leaders + MORE Jun 25th
BEIJING, China – Russian President Vladimir Putin on Saturday emphasized economic ties with China and praised what he called Russia’s “all-embracing and strategic partnership” with its neighbour, during a visit to Beijing that takes place against the background of a drop in t.... More »
Asian stocks fall after Federal Reserve discloses that it probably will slow down bond buying
– canadianbusiness.com
BANGKOK – Asian stock markets fell Thursday after the Federal Reserve made it known that its top officials were leaning toward phasing out its massive stimulus program.
The Fed released minutes of its July policy meeting Wednesday that showed most members want to slow down the pace of a massive bond-buying program. The U.S. central bank has been purchasing $85 billion of financial assets a month, which was intended to push down interest rates and spur borrowing and growth.
However, U.S. economic data in recent months has been strong enough to stir some Fed officials to call for a winding down of the asset purchases. That has sparked a sell-off in stock markets, which had been pumped up by the low interest rate policy, with some weaker Asian economies such as India and Indonesia particularly hard hit. India’s rupee continued to post fresh record lows, with the dollar buying more than 65 rupees Thursday.
Critics have said the program has raised the risk of igniting inflation by pumping up the money supply and also could create asset bubbles in assets such as stocks…
The Fed released minutes of its July policy meeting Wednesday that showed most members want to slow down the pace of a massive bond-buying program. The U.S. central bank has been purchasing $85 billion of financial assets a month, which was intended to push down interest rates and spur borrowing and growth.
However, U.S. economic data in recent months has been strong enough to stir some Fed officials to call for a winding down of the asset purchases. That has sparked a sell-off in stock markets, which had been pumped up by the low interest rate policy, with some weaker Asian economies such as India and Indonesia particularly hard hit. India’s rupee continued to post fresh record lows, with the dollar buying more than 65 rupees Thursday.
Critics have said the program has raised the risk of igniting inflation by pumping up the money supply and also could create asset bubbles in assets such as stocks…
Court certifies class action against BMO Nesbitt Burns for unpaid overtime
– canadianbusiness.com
TORONTO – An Ontario court has certified a class action against BMO Nesbitt Burns Inc. involving unpaid overtime, the latest in several such actions against Canadian banks that seek hundreds of millions of dollars.
Lawyers say the latest class action covers more than 1,500 current and former investment advisers, associate investment advisers and investment adviser trainees employed by Nesbitt Burns since 2002.
Koskie Minsky LLP and Eli Karp at Merchant Law are representing the plaintiff in the action.
They say Justice Edward Belobaba of the Ontario Superior Court of Justice certified the class action after finding that all three of the employee groups were “excluded from overtime under the Nesbitt overtime policy because they are paid in whole or in part on commission.”
The plaintiff alleges that Nesbitt Burns, owned by the Bank of Montral (TSX:BMO) breached its duties to the class members by systematically and improperly denying overtime to the class.
The allegations have not been proven…
Lawyers say the latest class action covers more than 1,500 current and former investment advisers, associate investment advisers and investment adviser trainees employed by Nesbitt Burns since 2002.
Koskie Minsky LLP and Eli Karp at Merchant Law are representing the plaintiff in the action.
They say Justice Edward Belobaba of the Ontario Superior Court of Justice certified the class action after finding that all three of the employee groups were “excluded from overtime under the Nesbitt overtime policy because they are paid in whole or in part on commission.”
The plaintiff alleges that Nesbitt Burns, owned by the Bank of Montral (TSX:BMO) breached its duties to the class members by systematically and improperly denying overtime to the class.
The allegations have not been proven…
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
Target Corp. is reporting a 13 per cent drop in second-quarter earnings as the discount retailer spent money on opening stores in Canada and dealt with cautious shoppers in the United States.4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
