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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TSX hits 2-year high of nearly 13,500 + MORE Nov 15th
The Toronto Stock Exchange hit its highest level in more than two years on Friday on signs the U.S. is in no hurry to remove stimulus, and China's pledge to open up its economy..... More »
As feds consider Bombardier’s plea, Notley calls on Ottawa to support Alberta + MORE Feb 22nd
OTTAWA – With the federal government considering aid for aerospace giant Bombardier — Alberta Premier Rachel Notley is calling for more support in her province.
Notley told CTV’s Question Period Sunday that all Canadians benefit from a strong Alberta economy — which is struggling ami.... More »
Global Investors Blindsided by China - Bloomberg Markets and Finance Jul 28th
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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 »
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
For Canada, Stronger Exports Remain Out of Reach
– blogs.wsj.com
The IMF marked down its forecast for Canada’s economic growth this year, and predicted an acceleration next year as net exports and investment drive expansion, on the back of a U.S. recovery. A top Bank of Canada official acknowledged last week the rotation away from consumer spending to exports and investment has been elusive.
The best way to save
– moneysense.ca
Q: I’m currently saving $100 a month. Is it better to keep this money in my savings account and then make a single lump-sum contribution to the funds in my TFSA each year, or should I put it directly into the funds every month?
—Matt Girard, Richmond, B.C.
A: I used to believe in Santa Claus and timing the market. The harsh truth about the jolly bearded guy came when I was nine and he didn’t bring me a treehouse for Christmas. The harsh truth about the markets came much later—and it was a bigger and more painful blow.
If you can’t time the market, it is better to take advantage of a strategy called dollar-cost averaging. You invest the same amount of money every month to ensure you buy more units of your mutual fund when the prices are low, and fewer when they are high, reducing the average cost of the units. (You can make the whole process automatic by setting pre-authorized contributions to all your funds.)
There are other benefits to contributing that $100 to your mutual funds every month instead of hoarding cash for up to a year…
—Matt Girard, Richmond, B.C.
A: I used to believe in Santa Claus and timing the market. The harsh truth about the jolly bearded guy came when I was nine and he didn’t bring me a treehouse for Christmas. The harsh truth about the markets came much later—and it was a bigger and more painful blow.
If you can’t time the market, it is better to take advantage of a strategy called dollar-cost averaging. You invest the same amount of money every month to ensure you buy more units of your mutual fund when the prices are low, and fewer when they are high, reducing the average cost of the units. (You can make the whole process automatic by setting pre-authorized contributions to all your funds.)
There are other benefits to contributing that $100 to your mutual funds every month instead of hoarding cash for up to a year…
Hot Stock: Valeant Pharmaceuticals International
– canadianbusiness.com
There’s one rule of investing that people can’t forget to follow: keep an eye on your company’s competition. For Valeant Pharmaceuticals International (TSX: VRX) investors, a recent announcement by Merck just made their holding much more attractive.
On Oct. 1, Merck, a global pharmaceutical company, announced it was going to increase its focus on the 10 countries it knows best. Those countries include a number of developed nations and only a few emerging market regions.
That’s leaving entire areas open for the taking and Valeant — a specialty pharma company that focuses on dermatology, ophthalmology and over-the-counter medications — which already has a strong foothold in emerging markets is poised to fill that void.
Alex Arfaei, an analyst with BMO, increased his price target on Valeant after Merck’s announcement. “Merck’s reduced commercial global footprint not only lowers competition for Valeant but also probably creates product licensing opportunities, particularly in emerging markets where Valeant has infrastructure,” he wrote in an October 2 report…
The Canadian government pulled yet another surprise on the foreign-investment file late Monday. Here’s a look at some of the implications.
