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
Delaware bankruptcy judge will weigh results of auction of Fisker Automotive assets + MORE Feb 14th
WILMINGTON, Del. – A Delaware bankruptcy judge is preparing to consider whether to approve a sale of the remaining assets of failed electric-vehicle maker Fisker Automotive.
A hearing on whether to confirm the results of an auction of Fisker’s assets was scheduled for Friday in Wilmingto.... More »
White House says next G7 to be held at Trump golf resort in Miami - CBC.ca + MORE Oct 17th
White House says next G7 to be held at Trump golf resort in Miami CBC.caBurnett knocks Mulvaney's statement: 'The tape speaks for itself' CNNWhite House says next G7 summit to be held at Trump's golf resort in Florida The Globe and MailTrump takes another serving at .... More »
5 things to know about home equity lines of credit + MORE Jun 11th
A home equity line of credit can help improve your living circumstances and lead to financial gain, but it pays to understand the upsides - and downsides - of this popular financial option..... More »
90 days - 1.75% + MORE Jan 22nd
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 »
When do segregated funds make sense? + MORE Dec 23rd
Q: We have $320,000 in a balanced portfolio in a LIRA. Our insurance agent wants us to transfer this money to segregated funds. I don’t think this is a wise move for us as we are close to retirement age. Am I right? And when do segregated funds make sense?
— Roger
A: You are right to be skepti.... 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.
Money fund assets decrease $4.18 billion to $2.715 trillion for the week
– canadianbusiness.com
NEW YORK, N.Y. – Total U.S. money market mutual fund assets fell $4.18 billion to $2.715 trillion for the eight-day period that ended Wednesday, according to the Investment Company Institute.
Assets in the nation’s retail money market mutual funds rose $2.09 billion to $931.32 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $190 million to $732.9 billion. Tax-exempt retail fund assets rose $1.90 billion to $198.44 billion.
Assets in institutional money market funds fell $6.26 billion to $1.783 trillion. Among institutional funds, taxable money market fund assets decreased $7.49 billion to $1.708 trillion. Assets of tax-exempt funds rose $1.22 million to $75.65 billion.
The seven-day average yield on money market mutual funds was unchanged at 0.01 per cent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The seven-day compounded yield was flat at 0…
Assets in the nation’s retail money market mutual funds rose $2.09 billion to $931.32 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $190 million to $732.9 billion. Tax-exempt retail fund assets rose $1.90 billion to $198.44 billion.
Assets in institutional money market funds fell $6.26 billion to $1.783 trillion. Among institutional funds, taxable money market fund assets decreased $7.49 billion to $1.708 trillion. Assets of tax-exempt funds rose $1.22 million to $75.65 billion.
The seven-day average yield on money market mutual funds was unchanged at 0.01 per cent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The seven-day compounded yield was flat at 0…
Velan Q3 profit improves to US$8.3 despite decline in revenue to US$115.6M
– canadianbusiness.com
MONTREAL – Velan Inc. (TSX:VLN) credits increased margins, lower costs and favourable foreign currency conversions for an improvement in third-quarter profits despite lower revenue.
The Montreal-based industrial valve maker, which reports in U.S. dollars, said Thursday that net earnings improved to $8.3 million, or 38 cents a share, in the three months ended Nov. 30.
That was up from $5.7 million, or 26 cents per share, in the same year-earlier period even as revenue slipped to $115.6 million from $134.2 million.
Velan noted that the 13.9 per cent decrease in revenue compared with record sales in the 2012 quarter.
“We are pleased with the solid results for both the quarter and year to date,” chief financial officer John Ball said. “Both earnings and gross profit have improved over the previous year. The third quarter was also quite positive for both our cash position and working capital.”
CEO Tom Velan noted that while “bookings in the quarter continued to be lower than we would like, there has been a gradual strengthening over recent months and in December 2013 we had consolidated bookings of more than $50 million…
The Montreal-based industrial valve maker, which reports in U.S. dollars, said Thursday that net earnings improved to $8.3 million, or 38 cents a share, in the three months ended Nov. 30.
That was up from $5.7 million, or 26 cents per share, in the same year-earlier period even as revenue slipped to $115.6 million from $134.2 million.
Velan noted that the 13.9 per cent decrease in revenue compared with record sales in the 2012 quarter.
“We are pleased with the solid results for both the quarter and year to date,” chief financial officer John Ball said. “Both earnings and gross profit have improved over the previous year. The third quarter was also quite positive for both our cash position and working capital.”
CEO Tom Velan noted that while “bookings in the quarter continued to be lower than we would like, there has been a gradual strengthening over recent months and in December 2013 we had consolidated bookings of more than $50 million…
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.
Most actively traded companies on the TSX, TSX Venture Exchange markets
– canadianbusiness.com
TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,629.41 up 14.78 points):
Fortis Inc. (RSX:FTS.IR). Utility. Down 95 cents, or 2.85 per cent, to $32.35 on 23.5 million shares.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down 12 cents, or 2.66 per cent, to $4.39 on 8.68 million shares.
Air Canada (TSX:AC.B). Airliner. Up 63 cents, or 8.61 per cent, to $7.95 on 8.02 million shares.
Manulife Financial Corp. (TSX:MFC). Financial services. Up 64 cents, or three per cent, to $21.99 on 6.52 million shares.
Lundin Mining Corp. (TSX:LUN). Miner. Up 10 cents, or 2.15 per cent, to $4.76 on 6.07 million shares.
Goldcorp Inc. (TSX:G). Miner. Up 44 cents, or 1.84 per cent, to $24.31 on 3.97 million shares.
Toronto Venture Exchange (956.70 up 0.54 of a point):
TransGaming Inc. (TSXV:TNG). Technology. Down 2.5 cents, or 7.14 per cent, to 32.5 cents on 8.66 million shares.
Border Petroleum Corp…
Toronto Stock Exchange (13,629.41 up 14.78 points):
Fortis Inc. (RSX:FTS.IR). Utility. Down 95 cents, or 2.85 per cent, to $32.35 on 23.5 million shares.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down 12 cents, or 2.66 per cent, to $4.39 on 8.68 million shares.
Air Canada (TSX:AC.B). Airliner. Up 63 cents, or 8.61 per cent, to $7.95 on 8.02 million shares.
Manulife Financial Corp. (TSX:MFC). Financial services. Up 64 cents, or three per cent, to $21.99 on 6.52 million shares.
Lundin Mining Corp. (TSX:LUN). Miner. Up 10 cents, or 2.15 per cent, to $4.76 on 6.07 million shares.
Goldcorp Inc. (TSX:G). Miner. Up 44 cents, or 1.84 per cent, to $24.31 on 3.97 million shares.
Toronto Venture Exchange (956.70 up 0.54 of a point):
TransGaming Inc. (TSXV:TNG). Technology. Down 2.5 cents, or 7.14 per cent, to 32.5 cents on 8.66 million shares.
Border Petroleum Corp…
