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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Making sense of the markets this week: September 18 Sep 16th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
We’re all Volker-ians now
Paul Volker is generally credited as the person who “broke the back of inflation” as the Governor o.... More »
Write your own declaration of Findependence + MORE Jul 4th
In honour of America’s July 4th celebrations, I thought I’d devote this blog to helping retirement savers prepare their personal “Declaration of Findependence.”
The other day at Forbes.com senior writer Richard Eisenberg devoted a piece to this theme, and cited my own recent experience in .... More »
China's economic growth slowest since 1990 amid trade war with US - The Guardian Jan 21st
China's economic growth slowest since 1990 amid trade war with US The GuardianChina economy: Fourth quarter growth slips to 6.4% BBC NewsChina says its economy grew 6.6 percent in 2018. That's the lowest official pace in 28 years CNBCChina's Stimulus Isn't Boosting C.... More »
Oil dips after US stock build, but demand hopes support - CNBC + MORE Dec 18th
Oil dips after US stock build, but demand hopes support CNBCOil Prices Fall As API Reports A Surprise Crude Build OilPrice.comOil rises further above $65 on trade hopes, supply cuts The Globe and MailOil rises to 3-month highs on U.S.-China trade hopes, supply cuts&n.... More »
Finding the financial balance in skin care routines + MORE Jul 11th
All about Canadian investments. Learn the ins and outs and get the latest news.
Microsoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules - The Wall Street Journal - news.google.caMicrosoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules The Wall.... More »
Asian stock markets lacklustre as China posts slower economic growth, Wall Street shut
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Asian stock markets were lacklustre Monday with Wall Street closed for a long weekend and China’s economic growth slowing.
Japan’s Nikkei 225 sank 0.6 per cent to 15,638.54. China’s Shanghai Composite index slipped 0.4 per cent to 1,996.27 and Hong Kong’s Hang Seng shed 0.5 per cent at 23,010.25. Australia’s S&P/ASX 200 was down 0.3 per cent at 5,289.
China’s economy grew 7.7 per cent in the quarter through December, down from 7.8 per cent the previous quarter. For the full year, the economy expanded 7.7 per cent, tying 2012 for the weakest performance since the 1990s.
China’s growth is far stronger than the United States, Japan or Europe. But an unexpectedly abrupt decline from the double digit rates of the previous decade has complicated the ruling Communist Party’s plans to promote more sustainable growth based on domestic consumption and reduce reliance on trade and investment.
“The ‘boom’ is ending, but sustained demand is just as important,” said Evan Lucas, market strategist with IG in Melbourne, Australia…
Japan’s Nikkei 225 sank 0.6 per cent to 15,638.54. China’s Shanghai Composite index slipped 0.4 per cent to 1,996.27 and Hong Kong’s Hang Seng shed 0.5 per cent at 23,010.25. Australia’s S&P/ASX 200 was down 0.3 per cent at 5,289.
China’s economy grew 7.7 per cent in the quarter through December, down from 7.8 per cent the previous quarter. For the full year, the economy expanded 7.7 per cent, tying 2012 for the weakest performance since the 1990s.
China’s growth is far stronger than the United States, Japan or Europe. But an unexpectedly abrupt decline from the double digit rates of the previous decade has complicated the ruling Communist Party’s plans to promote more sustainable growth based on domestic consumption and reduce reliance on trade and investment.
“The ‘boom’ is ending, but sustained demand is just as important,” said Evan Lucas, market strategist with IG in Melbourne, Australia…
NJ mayor: Lt. gov said ultimatum tying Sandy aid to development project came from Christie
– canadianbusiness.com
TRENTON, N.J. – The Democratic mayor of a town severely flooded by Superstorm Sandy said Sunday that she was told an ultimatum tying recovery funds to her support for a prime real estate project came directly from Republican Gov. Chris Christie, a claim a Christie spokesman called “categorically false.”
Hoboken Mayor Dawn Zimmer said she met with federal prosecutors in Newark for several hours Sunday at their request and turned over a journal and other documents.
“I will provide any requested information and testify under oath about the facts of what happened when the Lieutenant Governor came to Hoboken and told me that Sandy aid would be contingent on moving forward with a private development project,” she said in a statement Sunday night.
Earlier Sunday, Zimmer told CNN’s “State of the Union with Candy Crowley” that the message pushing a commercial development by the New York-based Rockefeller Group was delivered by Kim Guadagno, Christie’s lieutenant governor, when she and Guadagno were at an event in Hoboken in May to celebrate the opening of a new supermarket…
Hoboken Mayor Dawn Zimmer said she met with federal prosecutors in Newark for several hours Sunday at their request and turned over a journal and other documents.
“I will provide any requested information and testify under oath about the facts of what happened when the Lieutenant Governor came to Hoboken and told me that Sandy aid would be contingent on moving forward with a private development project,” she said in a statement Sunday night.
Earlier Sunday, Zimmer told CNN’s “State of the Union with Candy Crowley” that the message pushing a commercial development by the New York-based Rockefeller Group was delivered by Kim Guadagno, Christie’s lieutenant governor, when she and Guadagno were at an event in Hoboken in May to celebrate the opening of a new supermarket…
Deutsche Bank posts Q4 net loss of $1.3 billion as revenue drops
– canadianbusiness.com
BERLIN – Deutsche Bank AG posted a fourth-quarter net loss of 965 million euros ($1.3 billion) Sunday, citing lower revenues, one-time expenses and losses on investments it is getting rid of.
The results fell below analysts’ expectations, forcing Germany’s biggest bank to bring forward the announcement of its fourth quarter results by 10 days.
Deutsche Bank reported a net loss of 2.2 billion euros in the same quarter of 2012. Revenues during the fourth quarter were down 16 per cent year-on-year at 6.6 billion euros. Full-year net profit was 1.1 billion euros, up from 700 million euros in 2012.
The Frankfurt-based bank said efforts to restructure its businesses affected financial results for the second successive year. The bank lost 1.1 billion euros in losses on investments it has set aside for disposal to reduce the risk it carries on its balance sheet. The bank took one-time losses for what it said were credit and debt valuations. It also had 528 million euros in expenses for litigation repeated to past disputed activities…
The results fell below analysts’ expectations, forcing Germany’s biggest bank to bring forward the announcement of its fourth quarter results by 10 days.
Deutsche Bank reported a net loss of 2.2 billion euros in the same quarter of 2012. Revenues during the fourth quarter were down 16 per cent year-on-year at 6.6 billion euros. Full-year net profit was 1.1 billion euros, up from 700 million euros in 2012.
The Frankfurt-based bank said efforts to restructure its businesses affected financial results for the second successive year. The bank lost 1.1 billion euros in losses on investments it has set aside for disposal to reduce the risk it carries on its balance sheet. The bank took one-time losses for what it said were credit and debt valuations. It also had 528 million euros in expenses for litigation repeated to past disputed activities…
B.C. real estate firm looks for luxury buyers in China
– theglobeandmail.com
Macdonald Realty targets wealth buyers with new Shanghai office
China’s growth eases to 7.7 per cent in final quarter of 2013; full-year growth 7.7 per cent
– canadianbusiness.com
BEIJING, China – China’s economic growth decelerated in the final quarter of 2013 and appears set to slow further, adding to pressure on its leaders to shore up an expansion as they try to implement sweeping reforms.
The world’s second-largest economy grew by 7.7 per cent over a year earlier, down from previous quarter’s 7.8 per cent, data showed Monday. Growth for the full year was 7.7 per cent, tying 2012 for the weakest annual performance since 1999.
Those figures appeared to mask a much sharper deterioration during the three months ending in December. Factory output, exports and investment all weakened. Growth in factory output in the final three months of 2013 dropped to 1.8 per cent from the previous period’s 2.2 per cent rate.
“The economy is slowing quite rapidly. The slowdown has accelerated during the quarter,” said economist Dariusz Kowalczyk of Credit Agricole CIB.
That weakness might force Beijing to resort to state-led investment to support an expansion…
The world’s second-largest economy grew by 7.7 per cent over a year earlier, down from previous quarter’s 7.8 per cent, data showed Monday. Growth for the full year was 7.7 per cent, tying 2012 for the weakest annual performance since 1999.
Those figures appeared to mask a much sharper deterioration during the three months ending in December. Factory output, exports and investment all weakened. Growth in factory output in the final three months of 2013 dropped to 1.8 per cent from the previous period’s 2.2 per cent rate.
“The economy is slowing quite rapidly. The slowdown has accelerated during the quarter,” said economist Dariusz Kowalczyk of Credit Agricole CIB.
That weakness might force Beijing to resort to state-led investment to support an expansion…
