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BlackBerry shares up after company sends invite for potential new launch + MORE Sep 3rd
TORONTO – Shares of BlackBerry (TSX:BB) are climbing higher after the tech company announced plans for an event later this month that could officially unveil the Passport, it’s latest smartphone.
The Waterloo, Ont.-based company’s stock was up nearly four per cent to $11.85 near mi.... More »
Making sense of the markets this week: October 13, 2024 + MORE Oct 11th
Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C.
Canadian Natural Resources doubles down on Canada
For a decade now, big acquisitions by Canadian oil-and-gas producers have mostly been met with distaste by investors. So we’ll take it.... More »
What to do if you went over your RRSP contribution limit Jun 19th
Ask MoneySense
I overcontributed to my RRSP by accident, and I am looking for some advice on how to deal with it. I contributed $3,550 to my 2022 RRSP in October 2022. I then forgot I made this contribution and again in February 2023 I made a $3,550 contribution.
What options to I have to address.... More »
Fed minutes show rift on how to signal interest rate shift + MORE Jul 9th
Federal Reserve officials had differing views on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that their monthly bond buying program will end in October..... More »
“One of my stocks just split. Am I richer now?” Sep 4th
If you’re an Apple or Tesla stockholder, you may have noticed that you’re now in possession of a bunch of new shares. On August 28, Apple did a 4-for-1 stock split. Three days later, Tesla split its shares 5-for-1. That means if you owned 100 shares each of Apple and Tesla before the split, you .... More »
Magna International Inc. has cut its revenue forecast for 2014 to $33.8 billion US to $35.5 billion US, slightly below analyst estimates, as it continues to restructure in Europe.
Introducing Canada’s first EAFE dividend ETF
– moneysense.ca
Today, RBC Global Asset Management Inc. announced four new ETFs designed to generate regular monthly income. Of note, this group includes the RBC Quant EAFE Dividend Leaders ETF (MER: 0.39%), Canada’s first EAFE dividend ETF focused on Europe, Australia and Southeast Asia.
Also introduced were the RBC Quant Canadian Dividend Leaders ETF (MER: 0.39%), the RBC Quant U.S. Dividend Leaders ETF (MER: 0.39%), and the RBC 1-5 Year Laddered Corporate Bond ETF (MER: 0.25%).
The U.S. and EAFE Quant Dividend Leader ETFs are not currency hedged and are available for purchase in either Canadian dollar and U.S. dollar units on the TSX. The RBC 1-5 Year Laddered Corporate Bond ETF provides exposure to a diversified portfolio of individual Canadian investment grade corporate bonds by holding the RBC Target Maturity Corporate Bond ETFs.
The post Introducing Canada’s first EAFE dividend ETF appeared first on MoneySense.
Also introduced were the RBC Quant Canadian Dividend Leaders ETF (MER: 0.39%), the RBC Quant U.S. Dividend Leaders ETF (MER: 0.39%), and the RBC 1-5 Year Laddered Corporate Bond ETF (MER: 0.25%).
The U.S. and EAFE Quant Dividend Leader ETFs are not currency hedged and are available for purchase in either Canadian dollar and U.S. dollar units on the TSX. The RBC 1-5 Year Laddered Corporate Bond ETF provides exposure to a diversified portfolio of individual Canadian investment grade corporate bonds by holding the RBC Target Maturity Corporate Bond ETFs.
The post Introducing Canada’s first EAFE dividend ETF appeared first on MoneySense.
Desjardins to acquire State Farm assets
– canoe.ca
Canada’s Desjardins Group said on Wednesday that it would buy State Farm Canada’s businesses in property and casualty and life insurance, as well as its Canadian mutual fund, loan and living benefits companies.
Will lower trading commissions become the norm in 2014?
– moneysense.ca
Big news yesterday: RBC announced that all DIY investors will now pay a flat commission of $9.95 per equity trade through RBC Direct Investing online and mobile channels. This commission applies regardless of the size of investors’ trading accounts or how often they trade. (For RBC Directing Investing clients who are active traders—those making 150 trades or more per quarter—RBC Direct Investing continues to offer a lower $6.95 flat fee commission.)
Without question it’s a significant development that could influence other financial institutions, given that an increasing number of Canadians are investing on their own with smaller amounts of money. “I think fee sensitivity plays a big part in investing and even moreso as awareness of investment costs is building,” says Jason Heath, a fee-only certified financial planner at Objective Financial Partners in Toronto. “I could see other online brokerages making a similar move if RBC does in fact hold pat at that price…
Without question it’s a significant development that could influence other financial institutions, given that an increasing number of Canadians are investing on their own with smaller amounts of money. “I think fee sensitivity plays a big part in investing and even moreso as awareness of investment costs is building,” says Jason Heath, a fee-only certified financial planner at Objective Financial Partners in Toronto. “I could see other online brokerages making a similar move if RBC does in fact hold pat at that price…
The World Bank believes 2014 will be a turning point in the global economic outlook, with advanced economies on the mend after the 2008 financial crisis.
