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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Does Trump’s tough trade talk only undermine investment in the U.S.? + MORE Oct 11th
President Donald Trump prepares to speak at Mar-a-Lago in Palm Beach, Fla., Thursday, April 6, 2017, after the U.S. fired a barrage of cruise missiles into Syria Thursday night in retaliation for this week’s gruesome chemical weapons attack against civilians. (Alex Brandon/AP/CP)
Susan Ariel A.... More »
3.5 year - 2.30% + MORE Feb 17th
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online..... More »
The best high-interest savings accounts in Canada for 2024 + MORE Jun 10th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Loonie gains strength but remains near 11-year lows, index futures positive + MORE Dec 22nd
TORONTO – The Canadian dollar strengthened Tuesday but remained near 11-year lows.
The loonie traded at 71.84 cents US, up 0.23 from Monday’s close.
The Dow Jones futures were up 21.0 points at 17,199.0, the S&P 500 futures advanced 2.0 points to 2,016.9 and the Nasdaq gained 1.5 poi.... More »
This 34-year-old hospital worker has three kids and a mortgage to pay off. Making $104,000 a year, he wants to save $50K each for his kids. How can he start? + MORE Dec 21st
Mel would also like to save enough for retirement, at least $1 million each for him and his wife, and also purchase a second real estate property to rent out..... More »
5.5 year – 3.00%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
The State of Risk Profiling in Canada – Ouch!
– http://canadianfinancialdiy.blogspot.ca
FinaMetrica provides a risk profiling tool to the financial advisory industry worldwide and a version to individual consumers. Here is what they had to say about the state of affairs in Canada in Risk Profiling: Art and Science:”… In countries like Canada, the regulator appears to be significantly behind many other countries. The regulatory framework in Canada is complicated with disputes between the provinces and federal government over jurisdiction and a recent Supreme Court decision recently delayed or derailed attempts at a single regulator. Regulation of mutual funds, stock brokers, banks and insurance firms all fall under different regulatory bodies in Canada further complicating the picture. The investment regulators in Canada are still substantially focused on product level risk assessments with little or no framework to look at the client holistically.”Sadly, not very flattering.
Continue Reading On http://canadianfinancialdiy.blogspot.ca »
Shorting stocks through options
– IntelligentSpeculator.net
Through my long and short technology stocks, I very frequently end up shorting tech stocks. For various reasons, many investors cannot or prefer to not short the stocks. Why? There are several possible reasons:
-Account Type Does Not Permit it: If you have a retirement account a cash account, you are likely unable to short stocks.
-Avoiding Excessive Risk: If you have ever considered shorting stocks, you would probably know that the potential loss on such a trade is basically unlimited. In reality, no stock will go to infinity overnight but it still gives you a good idea that such a trade can end up going awfully wrong.
-Expensive or Impossible Borrow: A reader had emailed me a few weeks ago saying that some of the stocks that I was shorting were basically impossible to borrow with his broker. In some cases, while the borrow is possible, the costs are so excessive that it’s not something you’d really consider doing.
What Can Be Done?
If someone is trying to do a trade such as Long Apple (AAPL) and short Microsoft (MSFT) but cannot or will not short Microsoft, one alternative would be to trade the options…
-Account Type Does Not Permit it: If you have a retirement account a cash account, you are likely unable to short stocks.
-Avoiding Excessive Risk: If you have ever considered shorting stocks, you would probably know that the potential loss on such a trade is basically unlimited. In reality, no stock will go to infinity overnight but it still gives you a good idea that such a trade can end up going awfully wrong.
-Expensive or Impossible Borrow: A reader had emailed me a few weeks ago saying that some of the stocks that I was shorting were basically impossible to borrow with his broker. In some cases, while the borrow is possible, the costs are so excessive that it’s not something you’d really consider doing.
What Can Be Done?
If someone is trying to do a trade such as Long Apple (AAPL) and short Microsoft (MSFT) but cannot or will not short Microsoft, one alternative would be to trade the options…
Stillwater Mining chalks up $201 million loss after value of Argentina copper reserve slashed
– canadianbusiness.com
BILLINGS, Mont. – Stillwater Mining Co. reported a net loss of $201.5 million for the latest quarter after slashing the value of its copper reserve in Argentina, but company executives said Wednesday its underlying financial results are good.
The Billings-based company announced Tuesday that it had reduced the value of the Altar copper and gold project by $290 million to $102 million. The company in part cited economic and regulatory uncertainty in Argentina as a drag on its investment in the country.
“The business climate in Argentina has clouded the outlook,” Stillwater interim CEO Terrell Ackerman said in a conference call with investors Wednesday.
The precious metals mining company acquired the Altar reserve in 2011 as the centerpiece of a $487 million cash and stock purchase of Peregrine Metals Ltd.
Stillwater will continue to have a presence in Argentina, but it will take some time to determine its long-term direction with the project, which should be coming out early in 2014, Ackerman said…
The Billings-based company announced Tuesday that it had reduced the value of the Altar copper and gold project by $290 million to $102 million. The company in part cited economic and regulatory uncertainty in Argentina as a drag on its investment in the country.
“The business climate in Argentina has clouded the outlook,” Stillwater interim CEO Terrell Ackerman said in a conference call with investors Wednesday.
The precious metals mining company acquired the Altar reserve in 2011 as the centerpiece of a $487 million cash and stock purchase of Peregrine Metals Ltd.
Stillwater will continue to have a presence in Argentina, but it will take some time to determine its long-term direction with the project, which should be coming out early in 2014, Ackerman said…
Japan’s finance minister pledged to crack down on lenders that fail to sever links with organized crime as lawmakers grilled him Wednesday over mob loans by banks and other financial institutions.
