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
Australian bank reinstates traders still under legal cloud + MORE Oct 5th
CANBERRA, Australia – An Australian bank chief executive told a parliamentary committee on Wednesday that traders implicated in market manipulation allegations had been suspended then reinstated without those accusations being judged by a court.
The Australian Securities and Investments Commis.... More »
Valeant Pharmaceuticals to report fourth-quarter results next week + MORE Mar 7th
LAVAL, Que. – Embattled company Valeant Pharmaceuticals plans to discuss its fourth-quarter financial results and update its 2016 earnings estimates on March 15.
The announcement was delayed by two weeks because of the return of chief executive Michael Pearson, who returned recently from a two.... More »
Toronto, Hamilton, K-W expected to lead country in 2017 house price gains: Re/Max + MORE Dec 8th
Re/Max sees the average national house price rising by two per cent in 2017, led by big projected gains in real estate prices in the Hamilton, the Greater Toronto Area and Kitchener-Waterloo..... More »
Robo-advisor or all-in-one ETF: which is best for new investors? + MORE Jun 24th
Before delving in here, just a reminder that I am a Certified Financial Planner who does not sell any financial products, so I have no horse in this race. This commentary is entirely objective.
In my opinion, the best thing about the evolution of the investment industry is a (slight) increa.... More »
5.5 year - 2.80% + MORE May 3rd
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online..... More »
Lululemon says Q4 revenue, profit will be below internal, analyst estimates
– canadianbusiness.com
VANCOUVER – Shares of Lululemon Athletica inc. (Nasdaq:LULU) are under pressure following a warning to investors from the fashion retailer, which says its sales have been below target since December.
The Vancouver-based company says it now expects its fourth-quarter revenue and profit will be significantly lower than its previous estimate.
Its shares fell about nine per cent in pre-market trading after the warning.
Lululemon’s stock closed Friday at US$59.60 on the Nasdaq market and were down about $5.32 shortly after the warning.
Analysts had been expecting Lululemon’s actual results to be slightly above the company’s previous guidance.
Lululemon’s new revenue range is between US$513 million and US$518 million, about $22 million lower than the previous guidance.
The company’s new estimate for diluted earnings per share is between 71 and 73 cents per share, a reduction of seven cents.
Analysts had estimated 79 cents per share of adjusted earnings, according to Thomson Reuters…
The Vancouver-based company says it now expects its fourth-quarter revenue and profit will be significantly lower than its previous estimate.
Its shares fell about nine per cent in pre-market trading after the warning.
Lululemon’s stock closed Friday at US$59.60 on the Nasdaq market and were down about $5.32 shortly after the warning.
Analysts had been expecting Lululemon’s actual results to be slightly above the company’s previous guidance.
Lululemon’s new revenue range is between US$513 million and US$518 million, about $22 million lower than the previous guidance.
The company’s new estimate for diluted earnings per share is between 71 and 73 cents per share, a reduction of seven cents.
Analysts had estimated 79 cents per share of adjusted earnings, according to Thomson Reuters…
BMW has record 2013, keeps lead over Mercedes, Audi in luxury category
– canadianbusiness.com
FRANKFURT – Luxury carmaker BMW AG has posted record sales for 2013, keeping its No. 1 spot in the market for high-priced cars against its German competitors Audi and Mercedes.
The Munich-based company said Monday it sold 1.66 million vehicles under the BMW brand, 7.5 per cent more than last year.
The figure was boosted by strong sales of the brand’s mainstay 3-series sedan and X1 small SUV as well as by rising demand in China and the United States. Sales of the 3-series rose 23 per cent.
Volkswagen AG’s Audi division last week reported sales of 1.57 million last year and Daimler AG’s Mercedes-Benz brand came in at 1.46 million. The three carmakers are pillars of Germany’s export-focused economy and have reaped fat earnings selling luxury cars and SUVs — which earn higher profits per vehicle than mass-market vehicles — in the United States and in emerging markets, led by China.
The competition among the three heats up Monday at the start of the North American International Auto Show in Detroit, where Mercedes is introducing a new version of its C-Class that will compete with the BMW 3-series…
The Munich-based company said Monday it sold 1.66 million vehicles under the BMW brand, 7.5 per cent more than last year.
The figure was boosted by strong sales of the brand’s mainstay 3-series sedan and X1 small SUV as well as by rising demand in China and the United States. Sales of the 3-series rose 23 per cent.
Volkswagen AG’s Audi division last week reported sales of 1.57 million last year and Daimler AG’s Mercedes-Benz brand came in at 1.46 million. The three carmakers are pillars of Germany’s export-focused economy and have reaped fat earnings selling luxury cars and SUVs — which earn higher profits per vehicle than mass-market vehicles — in the United States and in emerging markets, led by China.
The competition among the three heats up Monday at the start of the North American International Auto Show in Detroit, where Mercedes is introducing a new version of its C-Class that will compete with the BMW 3-series…
TSX to head lower amid major acquisition activity – CTV News
– news.google.ca
CTV NewsTSX to head lower amid major acquisition activityCTV NewsTORONTO — The Toronto stock market headed for a lower open Monday amid major acquisition activity and a revenue and profit warning from athletic wear retailer Lululemon Athletica. The Canadian dollar declined further in the wake of Friday's …TSX may open lower; US payrolls data dragsReuters CanadaGoldcorp offering to buy Osisko in stock and cash deal worth $2.6 billionMontreal GazetteGoldcorp launches hostile $2.6-billion bid for Osisko MiningThe Globe and MailFinancial Post -Bloomberg -MINING.comall 22 news articles »
How a Falling Loonie Affects US Equity ETFs
– CanadianCouchPotato.com
Over the last year the loonie has declined significantly relative to the US dollar: the currencies were at par early last February, but the Canadian dollar closed under $0.92 US on January 10. That has been a benefit for Canadians who hold US equities: not only did the stocks deliver huge returns in their local currency in 2013, but we got a further boost thanks to the appreciation of the US dollar.Unfortunately, the drop in our dollar has encouraged some ETF investors to attempt to exploit a buying opportunity. Trying to make currency plays is foolish at the best of times, but it’s especially unwise if you don’t fully understand how currency exposure works.
Meet Gerry, who uses the Vanguard S&P 500 (VOO) to get exposure to US stocks. This ETF is listed on the New York Stock Exchange and trades in US dollars. With the greenback riding high, Gerry plans to sell VOO and use the proceeds to buy an equivalent fund listed on the TSX: the Vanguard S&P 500 (VFV). Gerry tells his friends he’s selling US dollars high and buying Canadian dollars low while keeping his equity exposure the same…
Thai protesters create huge traffic jam to shut capital – USA TODAY
– news.google.ca
Wall Street JournalThai protesters create huge traffic jam to shut capitalUSA TODAYBANGKOK (AP) — Anti-government protesters seized key intersections across Thailand's capital on Monday, blockading major roads into the heart of Bangkok's downtown districts at the start of a renewed push to derail elections next month and overthrow …Thai protesters threaten to seize stock exchangeMarketWatchBangkok shutdown as anti-government protest takes holdeuronewsPeaceful Protests Boost Thai StocksWall Street Journal (blog)BDlive -The Times (subscription) -San Francisco Chronicleall 1,156 news articles »
