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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Canadian Tire to launch trial run of home delivery this year, CEO says + MORE May 11th
Canadian Tire will launch a trial run with home delivery at the end of this year, its CEO said Thursday in what is likely a response to the rising threat posed from competitors such as Walmart and Amazon.
The move marks a reversal for the national retailer, which for years had expressed no interest .... More »
Something about bear markets seems to bring out the best in the Two-Minute Portfolio - The Globe and Mail + MORE Jan 11th
Something about bear markets seems to bring out the best in the Two-Minute Portfolio The Globe and MailTSE down; U.S. stocks in red - Business News Castanet.netToronto stock market edges lower, oil down; U.S. stock markets fall CTV NewsThe week's most oversold and ov.... More »
Egypt’s central bank weakens the pound at an auction, second devaluation this week + MORE Oct 18th
CAIRO – Egypt’s central bank says it has weakened the value of the Egyptian pound against the dollar, its second devaluation this week.
The bank said in a statement that it weakened the pound at an auction on Sunday, dropping the value from 7.83 to 7.93 pounds per dollar.
The central ban.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE Apr 3rd
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
Berkshire Hathaway’s 1Q profit up 8 per cent on paper gain May 1st
OMAHA, Neb. – Berkshire Hathaway’s first-quarter profit grew 8 per cent largely because of the way it had to account for its Duracell acquisition on paper, but profits fell at its BNSF railroad and at its insurance units.
CEO Warren Buffett offered a preview of the first-quarter results .... More »
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-10-17. Click on the link above to get more details or apply online.
Toronto stock market heads for lower open amid weak Asian data, Fed concerns
– canadianbusiness.com
TORONTO – The Toronto stock market appeared headed for a lower start to the trading week amid mixed economic news out of Asia and mixed commodities.
The Canadian dollar slipped 0.03 of a cent to 93.81 cents US.
U.S. futures were lacklustre following a strong slate of economic data last week, including strong manufacturing and housing reports, better than expected third-quarter economic growth and improving consumer confidence. The week was capped off by U.S. data showing stronger than expected job growth last month.
The Dow Jones industrial futures were ahead nine points to 16,022, the Nasdaq futures rose 5.3 points to 3,509.3 and the S&P 500 futures climbed 1.8 points to 1,806.8.
While the data was a welcome sign that the American economic revival remains on track, it also raised concerns that the Federal Reserve is set to start winding up its asset buying program sooner than thought, perhaps as early as next week when Fed members meet.
Speculation about tapering those US$85 billion of bond purchases has weighed on markets as the stimulus has kept long term rates low and supported a strong rally on equity markets this year…
The Canadian dollar slipped 0.03 of a cent to 93.81 cents US.
U.S. futures were lacklustre following a strong slate of economic data last week, including strong manufacturing and housing reports, better than expected third-quarter economic growth and improving consumer confidence. The week was capped off by U.S. data showing stronger than expected job growth last month.
The Dow Jones industrial futures were ahead nine points to 16,022, the Nasdaq futures rose 5.3 points to 3,509.3 and the S&P 500 futures climbed 1.8 points to 1,806.8.
While the data was a welcome sign that the American economic revival remains on track, it also raised concerns that the Federal Reserve is set to start winding up its asset buying program sooner than thought, perhaps as early as next week when Fed members meet.
Speculation about tapering those US$85 billion of bond purchases has weighed on markets as the stimulus has kept long term rates low and supported a strong rally on equity markets this year…
Sysco reaches deal to buy US Foods for about $3.5B in cash and stock
– canadianbusiness.com
HOUSTON – Sysco is buying the food distributor US Foods for about $3.5 billion in cash and stock.
Houston’s Sysco will pay $3 billion in common stock and $500 million in cash. It will also assume or refinance about $4.7 billion in debt.
That puts the total value of the deal at about $8.2 billion. When the acquisition closes, Sysco will have annual sales of about $65 billion.
US Foods shareholders will own about 87 million shares, or about 13 per cent, of Sysco’s common stock. Representatives of majority shareholders at US Foods, based just outside of Chicago in Rosemont, Ill., will join Sysco’s board.
Shares of Sysco Corp. jumped 30 per cent in premarket trading to $44.35. That would be an all-time high if it holds when the market opens.
The post Sysco reaches deal to buy US Foods for about $3.5B in cash and stock appeared first on Canadian Business.
Houston’s Sysco will pay $3 billion in common stock and $500 million in cash. It will also assume or refinance about $4.7 billion in debt.
That puts the total value of the deal at about $8.2 billion. When the acquisition closes, Sysco will have annual sales of about $65 billion.
US Foods shareholders will own about 87 million shares, or about 13 per cent, of Sysco’s common stock. Representatives of majority shareholders at US Foods, based just outside of Chicago in Rosemont, Ill., will join Sysco’s board.
Shares of Sysco Corp. jumped 30 per cent in premarket trading to $44.35. That would be an all-time high if it holds when the market opens.
The post Sysco reaches deal to buy US Foods for about $3.5B in cash and stock appeared first on Canadian Business.
60 days – 1.55%
– 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.
McDonald’s key sales metric climbs 0.5 per cent in November, figure falls 0.8 per cent in US
– canadianbusiness.com
OAK BROOK, Ill. – McDonald’s said Monday that a key sales figure rose 0.5 per cent in November, even as the world’s biggest hamburger chain faced tough competition and basically flat traffic in the U.S.
Its global sales performance was the same as in October. The stock slipped in premarket trading.
Sales at stores open at least a year is a key gauge of health because it excludes results from stores recently opened or closed.
The company said that the metric fell 0.8 per cent in the U.S. While breakfast items, chicken options and its new expanded value menu did well, that was pressured by intense competition and flat traffic.
In Europe, it increased 1.9 per cent on strong performances in the U.K., France and Russia. This was somewhat offset by weakness in Germany.
It declined 2.3 per cent in the region including Asia, the Pacific, the Middle East and Africa mostly because of softness in Japan.
McDonald’s Corp. said that the figure includes sales at all restaurants open at least 13 months, including those temporarily closed…
Its global sales performance was the same as in October. The stock slipped in premarket trading.
Sales at stores open at least a year is a key gauge of health because it excludes results from stores recently opened or closed.
The company said that the metric fell 0.8 per cent in the U.S. While breakfast items, chicken options and its new expanded value menu did well, that was pressured by intense competition and flat traffic.
In Europe, it increased 1.9 per cent on strong performances in the U.K., France and Russia. This was somewhat offset by weakness in Germany.
It declined 2.3 per cent in the region including Asia, the Pacific, the Middle East and Africa mostly because of softness in Japan.
McDonald’s Corp. said that the figure includes sales at all restaurants open at least 13 months, including those temporarily closed…
