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
60 days - 1.75% + MORE Feb 28th
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online..... More »
Can Brenda and hubby retire at 60 with $45,000 in income? + MORE Mar 19th
Q. If my spouse and I retire at age 60 in about three years—and want to have $45,000 net annually to spend—how much money will we need to have saved? We have no company pensions—only full CPP and OAS. We expect to live to age 85. – Brenda B.
Brenda, there are several ways you can set up you.... More »
120 days - 1.75% + MORE Aug 20th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
How Do You Measure Your Rate of Return? May 27th
All investors care deeply about their returns, and with good reason. If you’re an active investor, you’ll want to compare the performance of your portfolio to an index benchmark to see whether you (or your advisor) added value with stock selection or market timing. Even if you’re a.... More »
Am I required to divide my pension with my ex? May 25th
Am I required to divide my pension with my ex? If I do divide it, how will it affect my pension when I retire?
FPAC responds:
Under the Canadian rules that govern the division of property between married couples who separate, you are required to equally split all assets grown and contributed t.... More »
5.5 year – 2.35%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-11-09. Click on the link above to get more details or apply online.
My Favorite Follows
– IntelligentSpeculator.net
Today I wanted to do things in a slightly different manner. Instead of pointing to different posts that I enjoyed, here are my favorite blogs and twitter follows, which may or may not be relevant to this blog:) Hope you enjoy and I’d love to hear about yours:)Blogs
ZeroHedge: Great financial blog, it’s fairly “negative/end of the world” type of thing but it’s generally well argued making it very interesting
A VC: Fred Wilson is a very well known Tech VC which writes a very interesting blog
AllThingsD: One of the top sources for Tech stock news
Blog Maverick: Mark Cuban owns a NBA team, has made millions in the tech bubble, has interesting views, so his blog is a great follow:)
NathanBerry: Very interesting blog for anyone who runs a website, all about designing sites, products, apps, etc
Seth Godin: Short but powerful thoughts!
Strength Running: Any runners out there? This personal running coach is a great follow and has helped me a great deal
The Art of Non-Conformity: Chris is an amazingly talented guy who runs several businesses and has visited (and blogged about) every country in the world in the past few years, not bad right?
Tim Ferriss Blog: This guys rocks, he’s amazing… !
Twitter Follows
@ThePointsGuy: If you’re into hotel & airline loyalty programs, great follow:)
@Carl_C_Icahn: You know who this guy is…He’s been very interesting since joining Twitter
@ElonMusk: I’ve written about this guy… we need more guys like him with big ideas
@TheMMQB: Great follow for NFL fans out there
@RogerFederer – The greatest tennis player ever…
Azincourt Uranium to buy Peruvian exploration company from Cameco, Vena
– canadianbusiness.com
SASKATOON – Cameco Corp. (TSX:CCO) and Vena Resources (TSX:VEM) are selling their 50-50 partnership in a Peruvian uranium company to Canadian venture company Azincourt Uranium Inc. (TSXV:AAZ)
Azincourt CEO and president Ted O’Connor, a former director of Cameco’s corporate development group, says the acquisition of Minergia SAC will provide Azincourt with two exploration projects in a region of Peru with potential for low-cost uranium mining.
Minergia SAC, which owns the advanced stage Macusani and early-stage Munani uranium exploration projects, spent more than $12 million on exploration between 2007 and 2011.
Minergia’s mineral resources are estimated at 18 million pounds of U3O8 — a uranium oxide sometimes called yellowcake.
To acquire Minergia SAC, Azincourt will issue a total of $2 million in cash and stock to Cameco and Vena.
Vena said in separate release that it will receive three-quarters of its $1-million payment in stock, and $250,000 in cash. Juan Vegarra, Vena’s chairman and CEO will become a director of Azincourt…
Azincourt CEO and president Ted O’Connor, a former director of Cameco’s corporate development group, says the acquisition of Minergia SAC will provide Azincourt with two exploration projects in a region of Peru with potential for low-cost uranium mining.
Minergia SAC, which owns the advanced stage Macusani and early-stage Munani uranium exploration projects, spent more than $12 million on exploration between 2007 and 2011.
Minergia’s mineral resources are estimated at 18 million pounds of U3O8 — a uranium oxide sometimes called yellowcake.
To acquire Minergia SAC, Azincourt will issue a total of $2 million in cash and stock to Cameco and Vena.
Vena said in separate release that it will receive three-quarters of its $1-million payment in stock, and $250,000 in cash. Juan Vegarra, Vena’s chairman and CEO will become a director of Azincourt…
TSX slightly higher, Federal Reserve stimulus concerns weigh on sentiment
– canadianbusiness.com
TORONTO – The Toronto stock market registered a small gain at the end of a lacklustre week as concerns about monetary stimulus from the Federal Reserve helped weigh on the TSX.
The S&P/TSX composite index rose 21.32 points to 13,496.65, led by gold stocks which have fallen heavily this week.
The Canadian dollar was off the worst levels of the morning amid data showing a better than expected read on retail sales and very low pressure on prices.
The loonie was down 0.14 of a cent to 94.91 cents US as Statistics Canada reported that October retail sales rose one per cent, much higher than the 0.3 per cent gain that economists had expected. But excluding autos, sales were flat against an expected 0.2 per cent rise.
On the inflation front, the agency reported that consumer prices rose at an annual rate of 0.7 per cent in October, down from 1.1 per cent in September and lower than the 0.9 per cent rate that was expected.
U.S. indexes were mixed with the Dow industrials down 21.77 points to 15,988…
The S&P/TSX composite index rose 21.32 points to 13,496.65, led by gold stocks which have fallen heavily this week.
The Canadian dollar was off the worst levels of the morning amid data showing a better than expected read on retail sales and very low pressure on prices.
The loonie was down 0.14 of a cent to 94.91 cents US as Statistics Canada reported that October retail sales rose one per cent, much higher than the 0.3 per cent gain that economists had expected. But excluding autos, sales were flat against an expected 0.2 per cent rise.
On the inflation front, the agency reported that consumer prices rose at an annual rate of 0.7 per cent in October, down from 1.1 per cent in September and lower than the 0.9 per cent rate that was expected.
U.S. indexes were mixed with the Dow industrials down 21.77 points to 15,988…
