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
Business Highlights + MORE Jul 15th
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Citigroup to pay $7B in subprime mortgages probe
WASHINGTON (AP) — Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said “shattered lives”.... More »
Rallying gold and oil prices give TSX a triple digit boost, loonie strengthens + MORE Feb 14th
TORONTO _ Surging gold and oil prices helped give Canada’s main stock index a triple-digit boost, as the loonie strengthened against a weakening greenback.
The S&P/TSX composite index advanced 111.80 points to 15,328.27, led by strong gains in the gold, base metals, materials and energy se.... More »
DH Corp. sees Q3 profits soar to $32.2M; revenue grows 38% to 289.2M + MORE Oct 27th
TORONTO – DH Corporation (TSX:DH) has reported a big increase in both third-quarter revenue and earnings, reflecting what it says was both organic growth as well as growth from acquisitions.
The business technology company formerly known as Davis + Henderson says net income in the three months.... More »
Aggressive investing and saving for a home don’t mix + MORE Jan 14th
Me and My TFSA: Cordell VanGenderen
AGE: 21 PLACE: Calgary AB
TFSA TOTAL: $31,834
STRATEGY: Mix of growth and dividend-paying blue chips
Like father like son. A recent Me and My TFSA profile generated a lot of interest and here’s another part to the story, the son. Cordell is a 21-year-old u.... More »
Gold assets top 2,000 tons as the clamour for havens grows louder + MORE Jul 7th
Prices continue their ascent as miners rally
.... More »
Lawsuit against former company of which Wallin was director settled for $10.2M
– canadianbusiness.com
CALGARY – A U.S. court has approved a multimillion-dollar settlement in a securities fraud class-action lawsuit against a bankrupt energy exploration company for which embattled Sen. Pamela Wallin was a director.
Between June 2007 and December 2011, Wallin was a paid member of the board of Oilsands Quest Inc., a Calgary-based exploration company. As a director, the Saskatchewan senator was named in the lawsuit along with fellow board members, TD Securities and Calgary consulting firm McDaniel and Associates.
The lawsuit, filed by investors in United States District Court in New York in 2011, alleged that Oilsands Quest and its directors overstated the value of the company’s assets by $136 million.
“Through a series of false and misleading press releases, investor presentations and accounting manipulations, defendants fraudulently pumped up Oilsands Quest’s stock price by portraying Oilsands Quest as the largest owner of valuable rights to bitumen in Saskatchewan’s oilsands, creating a modern-day gold rush for what defendants knew to be largely worthless mining rights,” reads the original court document…
Between June 2007 and December 2011, Wallin was a paid member of the board of Oilsands Quest Inc., a Calgary-based exploration company. As a director, the Saskatchewan senator was named in the lawsuit along with fellow board members, TD Securities and Calgary consulting firm McDaniel and Associates.
The lawsuit, filed by investors in United States District Court in New York in 2011, alleged that Oilsands Quest and its directors overstated the value of the company’s assets by $136 million.
“Through a series of false and misleading press releases, investor presentations and accounting manipulations, defendants fraudulently pumped up Oilsands Quest’s stock price by portraying Oilsands Quest as the largest owner of valuable rights to bitumen in Saskatchewan’s oilsands, creating a modern-day gold rush for what defendants knew to be largely worthless mining rights,” reads the original court document…
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.
There’s plenty to keep investor attention focused this week amid the latest growth figures from Canada and the U.S. along with earnings from most of Canada’s big banks.
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.
After you have thoroughly researched the financial issues of the rent-versus-buy decision, let’s look at the issue from a different perspective, one involving emotional factors and personal preferences that collectively determine the impact of your decision on your quality of life.
