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
Argentina Congress passes law aimed at luring foreign investment for oil, gas development + MORE Oct 31st
BUENOS AIRES, Argentina – Argentina’s Congress has passed an energy law aimed at luring foreign investment into its promising shale oil and gas.
The measure approved by the lower house Thursday cuts the minimum investment needed for energy companies to be exempt from import controls. It .... More »
Early signs that Vancouver housing market correction may be over + MORE Apr 18th
Royal LePage says early evidence suggests that the recent correction in Vancouver’s housing market may be short-lived.
The realtor released a report Tuesday saying Canada’s two largest real estate markets continued their divergence in the first quarter of the year.
The aggregate price of.... More »
Bank of Canada survey says Canadian businesses are optimistic Oct 16th
A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans..... More »
Feds announce one-time $3,000 payment for Ukrainians taking refuge in Canada - CBC News Jun 2nd
Feds announce one-time $3,000 payment for Ukrainians taking refuge in Canada CBC News'I want to see my kids, my wife': More than 300 Ukrainians land in Halifax Thursday CTV News AtlanticUkrainians who fled to Canada will receive financial help from feds in coming days &nbs.... More »
The best high-interest savings accounts in Canada for 2024 + MORE May 21st
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The best high-interest savings accounts in Canada for 2024
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TSX ends lower on Ukraine concerns – Reuters Canada
– news.google.ca
Montreal GazetteTSX ends lower on Ukraine concernsReuters CanadaTORONTO (Reuters) – Canada's main stock index fell on Wednesday, led by a sharp selloff in gold mining shares and broad declines in most other sectors, after comments from President Barack Obama revived worries about the crisis in Ukraine. The Toronto …The close: TSX suffers triple-digit lossThe Globe and MailToronto Stocks Close Lower; Gold Stocks Lead Widespread SellingWall Street JournalTSX likely to gain traction on European, Chinese stimulus confidenceCP24 Toronto’s Breaking Newsall 44 news articles »
Look to retail stocks for bargains in 2014, says CIBC
– moneysense.ca
TORONTO – Bargain-hunters looking for value may want to consider investing in consumer stocks this year, as competition in the retail sector continues to intensify amid a lower loonie and more entrants vying for customers in an already crowded market, according to CIBC.
In a note Wednesday, CIBC equity analyst Perry Caicco said that while the bank (TSX:CM) generally recommends investors focus on either “high-growth companies or more traditional companies where management is actively driving value,” it sees long-term underlying value in retail and consumer stocks.
“As quarters unfold and as the challenges become apparent, (price/earnings) multiples are likely to decline,” Caicco wrote.
“But underneath it all, certain transition activities will begin to bear fruit and there could be some great bargains again among these stocks.”
The note points out that the consumer staples index on the Toronto Stock Exchange has risen 53 per cent in the past two years, while the consumer discretionary index has gone up 67 per cent, mainly due to mergers and acquisitions and a number of successful real estate spinoffs…
In a note Wednesday, CIBC equity analyst Perry Caicco said that while the bank (TSX:CM) generally recommends investors focus on either “high-growth companies or more traditional companies where management is actively driving value,” it sees long-term underlying value in retail and consumer stocks.
“As quarters unfold and as the challenges become apparent, (price/earnings) multiples are likely to decline,” Caicco wrote.
“But underneath it all, certain transition activities will begin to bear fruit and there could be some great bargains again among these stocks.”
The note points out that the consumer staples index on the Toronto Stock Exchange has risen 53 per cent in the past two years, while the consumer discretionary index has gone up 67 per cent, mainly due to mergers and acquisitions and a number of successful real estate spinoffs…
5.5 year – 2.80%
– ratesupermarket.ca
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.
Federal Reserve bars Citigroup, 4 other big banks from raising dividends and buying back stock
– canadianbusiness.com
WASHINGTON – Citigroup cannot raise its dividend or buy back its own stock because it needs better plans to cope with a severe recession, the Federal Reserve ruled Wednesday, a disappointing reversal for one of the nation’s largest banks.
The Fed also rejected the capital plans of four other big banks as part of its so-called “stress tests,” an annual check-up of the nation’s 30 biggest financial institutions.
The Fed said that the capital plans of Citigroup fell short in some areas, including its ability to forecast revenues and losses in parts of its global operations, should they come under economic stress. Citi had asked the Fed’s permission to buy back $6.4 billion in shares through the first quarter of next year, and to raise its dividend to 5 cents each quarter.
Citi CEO Michael Corbat said the company was “deeply disappointed” by the Fed decision. The dividend and buyback would have been a “modest level of capital” for shareholders, and Citi still would have exceeded requirements for its financial health, he said in a written statement…
The Fed also rejected the capital plans of four other big banks as part of its so-called “stress tests,” an annual check-up of the nation’s 30 biggest financial institutions.
The Fed said that the capital plans of Citigroup fell short in some areas, including its ability to forecast revenues and losses in parts of its global operations, should they come under economic stress. Citi had asked the Fed’s permission to buy back $6.4 billion in shares through the first quarter of next year, and to raise its dividend to 5 cents each quarter.
Citi CEO Michael Corbat said the company was “deeply disappointed” by the Fed decision. The dividend and buyback would have been a “modest level of capital” for shareholders, and Citi still would have exceeded requirements for its financial health, he said in a written statement…
Six Ontario residents charged in alleged $200-million investment fraud
– theglobeandmail.com
Thousands of individuals and the federal government lost money in illegal tax shelter, RCMP says
