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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How does OSAP work? How can I pay it off? We make it make sense Jan 31st
This week, we’ve received a few questions on student loans, from how the interest percentage works, to if students can start investing while receiving financial aid..... More »
CPPIB investing more than $1B in Germany real estate joint venture + MORE May 15th
TORONTO – The Canada Pension Plan Investment Board is growing its German real estate platform by investing 394 million euros (C$542 million) for a 46.1 per cent interest in German shopping centre operator mfi AG.
The CPPIB, the investment arm of the Canada Pension Plan, said that under its dea.... More »
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Donald Trump sued for fraud by New York state attorney general CBC NewsTrump sued by New York attorney general for fraud CTV NewsNY attorney general sues Donald Trump and his company CP24Trump Accused of Overvaluing His Assets in N.Y. Lawsuit The New York .... More »
Average Canadian house price rose 13% to record $509460 in May - CBC.ca + MORE Jun 15th
CBC.caAverage Canadian house price rose 13% to record $509460 in MayCBC.caThe average price of a Canadian home sold in May was $509,460, a 13 per cent increase in the past year and the highest figure on record. The strong gains are largely tied to hot markets in Ontario and British Columbia, accordi.... More »
Making sense of the markets this week: November 16 Nov 13th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The stock markets cheer the vaccine news from Pfizer
Pfizer’s vaccine announcement is certainly the big story of the week, just as the U.S. election was the story last wee.... More »
Net foreign debt down $98.1 billion in fourth quarter: StatsCan
– canadianbusiness.com
OTTAWA – Statistics Canada says the country’s net foreign debt was reduced by $98.1 billion in the fourth quarter.
The agency says this put Canada into a net asset position of $26.7 billion.
It says the decline in net debt was attributable to relatively stronger foreign equity markets and a weaker Canadian dollar, which raised the value of Canada’s international assets more than it increased the value of international liabilities.
During 2013, Canada’s overall net international investment position increased by $328.8 billion, despite an ongoing current account deficit.
Canada’s net foreign indebtedness with the United States decreased by $176.4 billion to $280 billion at the end of 2013.
At the same time, Canada’s net asset position with the aggregate “other countries” increased by $152.4 billion to $306.7 billion.
The post Net foreign debt down $98.1 billion in fourth quarter: StatsCan appeared first on Canadian Business.
The agency says this put Canada into a net asset position of $26.7 billion.
It says the decline in net debt was attributable to relatively stronger foreign equity markets and a weaker Canadian dollar, which raised the value of Canada’s international assets more than it increased the value of international liabilities.
During 2013, Canada’s overall net international investment position increased by $328.8 billion, despite an ongoing current account deficit.
Canada’s net foreign indebtedness with the United States decreased by $176.4 billion to $280 billion at the end of 2013.
At the same time, Canada’s net asset position with the aggregate “other countries” increased by $152.4 billion to $306.7 billion.
The post Net foreign debt down $98.1 billion in fourth quarter: StatsCan appeared first on Canadian Business.
Irving mill to get upgrade after New Brunswick lifts softwood cap
– canadianbusiness.com
SAINT JOHN, N.B. – Irving Pulp and Paper says it will spend about $450 million to modernize a pulp mill in Saint John, N.B.
The announcement comes the day after the provincial government announced it was raising caps by 20 per cent a year on softwood that will be made available for harvest on Crown lands in its new 10-year forestry strategy.
The company says work on its mill on the west side of Saint John is slated to begin this spring and will create the full-time equivalent of 600 jobs.
CEO Jim Irving thanked the province for ensuring there would be a supply of wood to allow the modernization of the facility to go ahead.
Work on the mill will be done in two phases, with the first phase lasting 24 months and the second taking 30 months.
The company says its spending on the project is the largest investment in a pulp mill in Canada since 1993.
The post Irving mill to get upgrade after New Brunswick lifts softwood cap appeared first on Canadian Business.
The announcement comes the day after the provincial government announced it was raising caps by 20 per cent a year on softwood that will be made available for harvest on Crown lands in its new 10-year forestry strategy.
The company says work on its mill on the west side of Saint John is slated to begin this spring and will create the full-time equivalent of 600 jobs.
CEO Jim Irving thanked the province for ensuring there would be a supply of wood to allow the modernization of the facility to go ahead.
Work on the mill will be done in two phases, with the first phase lasting 24 months and the second taking 30 months.
The company says its spending on the project is the largest investment in a pulp mill in Canada since 1993.
The post Irving mill to get upgrade after New Brunswick lifts softwood cap appeared first on Canadian Business.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
