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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I’ve read that one of the best times to withdraw from an RRSP is when you’re earning less money. I’m currently on maternity leave and would like to withdraw $5,000 from my RRSP to pay some bills. What do you think?
—Krystal Lee Young, Toronto
The very, very best time to withdraw from a.... More »
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Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Stock market news for Canadian investors: Loblaw, Walmart and more Feb 21st
Companies that reported earnings this week
Gildan
Loblaw
Walmart
Gildan Activewear reports $132.3M Q4 profit, raises dividend 10%
Source: Google
Gildan (TSE: GIL)
(All figures in U.S. dollars.)
Q4 profit: $132.3 million or 86 cents per diluted share, down from $153.3 mill.... More »
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
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.
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-03-07. Click on the link above to get more details or apply online.
CIBC snags Toronto airport rights deal
– theglobeandmail.com
Pact makes bank sole financial sponsor of Pearson airport, Canada’s biggest travel hub
Royal Bank reports $2.12 billion profit in fourth quarter, record year in 2013
– canadianbusiness.com
TORONTO, Cananda – Royal Bank of Canada (TSX:RY) reports it had $2.119 billion of net income in its fiscal fourth quarter, an 11 per cent increase from last year, contributing to a record annual profit in 2013.
The profit at Canada’s largest bank amounted to $1.40 per share in the quarter ended Oct. 31 under standard accounting, up 15 cents from $1.25 a year earlier. Adjusted diluted earnings per share was $1.42.
RBC says its main Canadian banking arm had $1.08 billion of net income, up $47 million or five per cent from a year ago. Its capital markets and its investor and treasury units also had increases while profit at RBC Insurance was down and wealth management was flat.
RBC also announced that Gordon Nixon intends to retire effective Aug. 1, 2014, after 13 years as president and chief executive of Canada’s largest bank.
“With solid fourth quarter earnings of more than $2 billion, RBC delivered record earnings of $8.4 billion in 2013,” Nixon said in the earnings announcement…
The profit at Canada’s largest bank amounted to $1.40 per share in the quarter ended Oct. 31 under standard accounting, up 15 cents from $1.25 a year earlier. Adjusted diluted earnings per share was $1.42.
RBC says its main Canadian banking arm had $1.08 billion of net income, up $47 million or five per cent from a year ago. Its capital markets and its investor and treasury units also had increases while profit at RBC Insurance was down and wealth management was flat.
RBC also announced that Gordon Nixon intends to retire effective Aug. 1, 2014, after 13 years as president and chief executive of Canada’s largest bank.
“With solid fourth quarter earnings of more than $2 billion, RBC delivered record earnings of $8.4 billion in 2013,” Nixon said in the earnings announcement…
