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
Rates are going down—is now a good time to buy a house in Canada? Jun 6th
Real estate market analysts say the Bank of Canada’s much anticipated decision to lower its key interest rate could be the sign that many would-be homebuyers have been waiting for to make their move. The central bank announced the quarter-percentage-point cut on Wednesday, its first in more than f.... More »
Greater Vancouver detached homes now average over $1M + MORE Jan 6th
The average price for a detached home in the Greater Vancouver area is now over $1 million, according to statistics from the Real Estate Board of Greater Vancouver..... More »
Former Olympic rower missing from Victoria + MORE Nov 18th
VANCOUVER — At least three investigations are underway in the case of an investment dealer and former Canadian Olympic rower who has gone missing from Victoria.
Investia Financial Services Inc. has launched a probe into the activities of Harold Backer, who is also the subject of two missing-person.... More »
Canada pension funds hold back on U.K. deals ahead of Brexit vote + MORE Mar 17th
The funds, which together manage more than $700-billion in assets, fear valuations could drop if Britain chooses to leave the bloc
.... More »
Canadian Stocks Could Outperform if Global Growth Hits 4% + MORE Jan 14th
The country’s flagship stock index has history of beating S&P 500 when global growth is 4% or more, CIBC said. And that could happen this year..... More »
How the three principal Canada Pension Plan enrichment proposals would work
– canadianbusiness.com
OTTAWA – Public pension reform has been a key issue at federal-provincial finance ministers’ meetings at least since 2010, with officials having looked at three major proposals for Canada Pension Plan enrichment. The plans differ slightly in their approach, but their basic aim is to increase benefits for future generations of seniors.
They are also similar in that all three proposals are pre-funded, meaning that although contributions to pay for higher benefits all kick in at the same time, contributions will hit their maximum boosted level far quicker than benefits.
———
1. The Wes Sheridan plan, proposed by the Prince Edward Island finance minister, may be the most complicated because it impacts workers differently depending on their level of earnings.
Currently, the CPP plan pays out about 25 per cent replacement benefits on up to $51,100 of pensionable earnings, resulting in a maximum annual benefit of $12,150. Because it is aimed at the middle class, the Sheridan plan calls for no changes in either benefits or contribution rates for employees on the first $25,500 or so of pensionable earnings…
They are also similar in that all three proposals are pre-funded, meaning that although contributions to pay for higher benefits all kick in at the same time, contributions will hit their maximum boosted level far quicker than benefits.
———
1. The Wes Sheridan plan, proposed by the Prince Edward Island finance minister, may be the most complicated because it impacts workers differently depending on their level of earnings.
Currently, the CPP plan pays out about 25 per cent replacement benefits on up to $51,100 of pensionable earnings, resulting in a maximum annual benefit of $12,150. Because it is aimed at the middle class, the Sheridan plan calls for no changes in either benefits or contribution rates for employees on the first $25,500 or so of pensionable earnings…
Fla. man, an ex-political official in Oregon, to face NY judge in $13M Facebook share case
– canadianbusiness.com
NEW YORK, N.Y. – A Florida investment adviser and onetime Oregon gubernatorial candidate faces prison time for a $13 million securities fraud scheme that prosecutors say capitalized on enthusiasm for shares of Facebook and other Internet companies about to go public.
Craig L. Berkman of Odesa, Fla., is to be sentenced Monday in federal court in Manhattan. He pleaded guilty in June to securities fraud and wire fraud and agreed to serve between eight and 10 years in prison.
Berkman admitted he falsely claimed to investors that he owned shares of Facebook Inc., Groupon Inc., LinkedIn Inc., among other companies. He told investors their money would be used to buy shares of companies before their initial public offerings while over-representing the number of shares he owned.
Berkman also was once Oregon’s Republican party chairman.
The post Fla. man, an ex-political official in Oregon, to face NY judge in $13M Facebook share case appeared first on Canadian Business.
Craig L. Berkman of Odesa, Fla., is to be sentenced Monday in federal court in Manhattan. He pleaded guilty in June to securities fraud and wire fraud and agreed to serve between eight and 10 years in prison.
Berkman admitted he falsely claimed to investors that he owned shares of Facebook Inc., Groupon Inc., LinkedIn Inc., among other companies. He told investors their money would be used to buy shares of companies before their initial public offerings while over-representing the number of shares he owned.
Berkman also was once Oregon’s Republican party chairman.
The post Fla. man, an ex-political official in Oregon, to face NY judge in $13M Facebook share case appeared first on Canadian Business.
Public pension reform has been a key issue at federal-provincial finance ministers’ meetings at least since 2010, with officials having looked at three major proposals for Canada Pension Plan enrichment. The plans differ slightly in their approach, but their basic aim is to increase benefits for future generations of seniors.
They are also similar in that all three proposals are pre-funded, meaning that although contributions to pay for higher benefits all kick in at the same time, contributions will hit their maximum boosted level far quicker than benefits.
———
1. The Wes Sheridan plan, proposed by the Prince Edward Island finance minister, may be the most complicated because it impacts workers differently depending on their level of earnings.
Currently, the CPP plan pays out about 25 per cent replacement benefits on up to $51,100 of pensionable earnings, resulting in a maximum annual benefit of $12,150. Because it is aimed at the middle class, the Sheridan plan calls for no changes in either benefits or contribution rates for employees on the first $25,500 or so of pensionable earnings…
They are also similar in that all three proposals are pre-funded, meaning that although contributions to pay for higher benefits all kick in at the same time, contributions will hit their maximum boosted level far quicker than benefits.
———
1. The Wes Sheridan plan, proposed by the Prince Edward Island finance minister, may be the most complicated because it impacts workers differently depending on their level of earnings.
Currently, the CPP plan pays out about 25 per cent replacement benefits on up to $51,100 of pensionable earnings, resulting in a maximum annual benefit of $12,150. Because it is aimed at the middle class, the Sheridan plan calls for no changes in either benefits or contribution rates for employees on the first $25,500 or so of pensionable earnings…
Don't expect long-term gains from stock splits
– theglobeandmail.com
Shares usually pop early on, but future benefits are harder to come by
General Motors to invest $1.3-billion in five U.S. plants
– theglobeandmail.com
GM, the No. 1 U.S. auto maker, said the investment at the plants in Michigan, Ohio and Indiana will create or retain about 1,000 jobs
