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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60 days - 1.55% + MORE Mar 29th
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online..... More »
Ski-Doo maker BRP reports Q4 earnings, delays financial forecast + MORE Mar 27th
Economic uncertainty stirred up by whipsawing U.S. tariff threats prompted BRP Inc. to push back its financial forecast for the coming year, with the trade limbo exacerbating weak consumer demand that drove the Ski-Doo maker to an earnings loss last quarter.
“There’s still the uncer.... More »
S&P 500 Futures Rise After Worst U.S. Stock Selloff Since March - Yahoo Canada Finance Jun 12th
S&P 500 Futures Rise After Worst U.S. Stock Selloff Since March Yahoo Canada FinanceDow drops 1,800 points — its worst day since March — as U.S. coronavirus cases rise Globalnews.caS&P 500: Futures trying to heal the pain of Wall Street traders despite a little hope.... More »
Kristy Shen on living the FIRE life and using money to “buy back time” + MORE Apr 4th
In their early 30s, Kristy Shen and Bryce Leung quit their high-paying jobs in software engineering to travel the world. The Toronto couple had $1 million in savings, but instead of taking the conventional route of home ownership, they packed their suitcases. Shen and Leung started sharing their adv.... More »
Schools and employers partner to curb youth underemployment + MORE Apr 19th
GTA financial companies lend support to a national initiative aimed at bridging education and experience
.... More »
Accuracy of Canada’s housing data under scrutiny
– theglobeandmail.com
Former MP argues that Canadian Real Estate Association’s statistics are being skewed by double counting and other distortions
China Construction Bank quarterly profit growth slows as economy cools
– canadianbusiness.com
BEIJING, China – China Construction Bank Ltd., one of China’s “big four” state-owned commercial lenders, said Monday profit growth slowed in the latest quarter as the economy cooled.
Profit for the three months ended Sept. 30 rose 9.4 per cent to 56.8 billion yuan ($9 billion), the Beijing-based lender said. That was down from 12.3 per cent growth for the first nine months of the year. Revenue rose 10.4 per cent to 126.6 billion yuan ($20 billion).
China’s state-owned banks are among the world’s most profitable but earnings growth has slowed as rapid economic expansion cools. Banks also are preparing for a possible rise in loan defaults following a flood of credit in response to the 2008 global crisis.
Economic growth edged up to 7.8 per cent in the latest quarter from the previous quarter’s two-decade low of 7.5 per cent, but that is barely half of 14.2 per cent in 2009. Analysts say the recovery might weaken later in the year.
Chinese banks also face a squeeze on profits as the Communist Party gradually introduces market forces into lending…
Profit for the three months ended Sept. 30 rose 9.4 per cent to 56.8 billion yuan ($9 billion), the Beijing-based lender said. That was down from 12.3 per cent growth for the first nine months of the year. Revenue rose 10.4 per cent to 126.6 billion yuan ($20 billion).
China’s state-owned banks are among the world’s most profitable but earnings growth has slowed as rapid economic expansion cools. Banks also are preparing for a possible rise in loan defaults following a flood of credit in response to the 2008 global crisis.
Economic growth edged up to 7.8 per cent in the latest quarter from the previous quarter’s two-decade low of 7.5 per cent, but that is barely half of 14.2 per cent in 2009. Analysts say the recovery might weaken later in the year.
Chinese banks also face a squeeze on profits as the Communist Party gradually introduces market forces into lending…
Little Orphan Fannie
– online.wsj.com
Washington rewrites financial-crisis history to punish J.P Morgan.
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.
Asian stock markets rise on expectations Fed not in a hurry to reduce monetary stimulus
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Asian stock markets were mostly higher Monday amid growing expectations that the U.S. Federal Reserve won’t start reducing its monetary stimulus until at least the first quarter of next year.
With uncertainty over the raising of the U.S. borrowing limit temporarily resolved, investors have focused on other matters, notably when the Federal Reserve will reduce its mammoth monetary stimulus that has been a boon for stock markets.
U.S. hiring and durable goods orders for September were weaker than expected, signalling that growth momentum may be slowing and reinforcing expectations that a scaling back of stimulus known as “tapering” won’t begin until next year, Mitul Kotecha of Credit Agricole CIB in Hong Kong said in a market commentary.
Further U.S. data releases this week including September industrial production, retail sales, inflation and consumer confidence as well as a Fed policy meeting could reaffirm that expectation, he said…
With uncertainty over the raising of the U.S. borrowing limit temporarily resolved, investors have focused on other matters, notably when the Federal Reserve will reduce its mammoth monetary stimulus that has been a boon for stock markets.
U.S. hiring and durable goods orders for September were weaker than expected, signalling that growth momentum may be slowing and reinforcing expectations that a scaling back of stimulus known as “tapering” won’t begin until next year, Mitul Kotecha of Credit Agricole CIB in Hong Kong said in a market commentary.
Further U.S. data releases this week including September industrial production, retail sales, inflation and consumer confidence as well as a Fed policy meeting could reaffirm that expectation, he said…
