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
CPP vs RRSP: Can you transfer your CPP to an RRSP? Dec 21st
I’m 40 years old. Can I transfer my accumulated CPP to an RRSP?
—Franco
I am going to cut to the chase here, Franco. You cannot transfer your Canada Pension Plan (CPP) to a registered retirement savings plan (RRSP). Some pensions can be transferred to an RRSP, and there are ways .... More »
6 Things That Didn't Make an Appearance at the Apple Event - CNET Mar 12th
6 Things That Didn't Make an Appearance at the Apple Event CNETApple's spring event had as many missed opportunities as compelling moments MacworldWhat to know about Apple's new iPhone SE Yahoo FinanceApple Stock: Wall Street Is Psyched About New Products .... More »
A surprising place to find free financial advice + MORE Jan 19th
Looking for someone to help you learn to manage your money better? Then check out some of the local churches across Canada. Right now, Christians Against Poverty (CAP) Canada is offering three financial services: debt counselling, a free money course and a job counselling program for those interest.... More »
The Columbia stock that’s not rallying on TransCanada's buyout + MORE Mar 18th
TransCanada said nothing about its plans for Columbia Pipeline Partners LP, whose owners expect it to grow in value and pay out higher distributions at a pace of about 20 per cent a year
.... More »
Pearson in advanced talks to sell Financial Times + MORE Jul 23rd
Media company confirms reports that it is looking to sell financial newspaper
.... More »
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.
BP says it remains committed to Rosneft co-operation despite US sanctions on its chief
– canadianbusiness.com
LONDON – BP says it remains committed to its investment in the Russian oil firm Rosneft, despite U.S. sanctions targeting its president, Igor Sechin, and sharp drops in income from its stake.
BP said its so-called underlying pre-tax replacement cost profit, a measure of earnings, for Rosneft fell to $271 million for the quarter ending in March, compared with $1.08 billion during the fourth quarter. The company says the result was hurt by depreciation of the ruble against the dollar.
Sechin has been president of Rosneft since the early 1990s. He is seen as the mastermind behind the 2003 legal assault on the private oil company Yukos and its founder, Mikhail Khodorkovsky.
BP says underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion the previous quarter.
The post BP says it remains committed to Rosneft co-operation despite US sanctions on its chief appeared first on Canadian Business.
BP said its so-called underlying pre-tax replacement cost profit, a measure of earnings, for Rosneft fell to $271 million for the quarter ending in March, compared with $1.08 billion during the fourth quarter. The company says the result was hurt by depreciation of the ruble against the dollar.
Sechin has been president of Rosneft since the early 1990s. He is seen as the mastermind behind the 2003 legal assault on the private oil company Yukos and its founder, Mikhail Khodorkovsky.
BP says underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion the previous quarter.
The post BP says it remains committed to Rosneft co-operation despite US sanctions on its chief appeared first on Canadian Business.
Slower trading of debt, foreign exchange reduce revenues, earnings at Deutsche Bank
– canadianbusiness.com
FRANKFURT – Deutsche Bank AG said Tuesday that net profit fell 34 per cent in the first quarter as slower trading of bonds and foreign exchange weighed on revenues.
Germany’s biggest bank made 1.10 billion euros ($1.52 billion) compared with 1.66 billion euros a year ago. The figure was nevertheless better than the 981 million euros expected by analysts surveyed by financial data provider FactSet, and shares in the bank rose in early trading. Net revenues fell 11 per cent to 8.39 billion euros.
Earnings at the investment banking division fell as the bank saw less demand from clients for trading debt such as bonds. Debt markets have suffered from turbulence in emerging markets and from concerns about the eventual withdrawal of monetary stimulus by the U.S. Federal Reserve and other central banks.
Revenue from foreign exchange trading was significantly lower “due to lower client activity and challenging trading environment.”
The bank also had 532 million euros in losses from its non-core unit, where it keeps assets that it intends to sell or wind down…
Germany’s biggest bank made 1.10 billion euros ($1.52 billion) compared with 1.66 billion euros a year ago. The figure was nevertheless better than the 981 million euros expected by analysts surveyed by financial data provider FactSet, and shares in the bank rose in early trading. Net revenues fell 11 per cent to 8.39 billion euros.
Earnings at the investment banking division fell as the bank saw less demand from clients for trading debt such as bonds. Debt markets have suffered from turbulence in emerging markets and from concerns about the eventual withdrawal of monetary stimulus by the U.S. Federal Reserve and other central banks.
Revenue from foreign exchange trading was significantly lower “due to lower client activity and challenging trading environment.”
The bank also had 532 million euros in losses from its non-core unit, where it keeps assets that it intends to sell or wind down…
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.
120 days – 1.70%
– 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.
