Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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Philippine central bank raises overnight borrowing rate to pre-empt rise in inflation Jul 31st
MANILA, Philippines – The Philippine central bank has raised its key interest rate by a quarter percentage point to counter inflation.
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Undervalued dividend-payers
– moneysense.ca
Most investors prefer banks for stable dividend-paying stocks, but what about asset managers? They’ve underperformed banks so far this year, but analyst Scott Chan of Canaccord Genuity says returns should pick up as more money moves into equities. These three companies pay good dividends and have a lower P/E ratio than their peers.
Fiera Capital Corp. (TSX: FSZ)
13.3
2015 P/E
Yield: 3.37%
Since 2012, Montreal-based Fiera Capital has bought seven firms and is now expanding in the United States. Chan expects it to double its assets under management (AUM) over the next five years.
IGM Financial Inc. (TSX: IGM)
14.0
2015 P/E
Yield: 4.12%
Winnipeg’s IGM owns growth-oriented Mackenzie Investments, with its focus on equities, and Investors Group, with its focus on personalized financial planning. AUM is evenly split between the two.
Guardian Capital Group LTD. (TSX: GCG)
15.0
2015 P/E
Yield: 1.49%
With more than $30 billion in AUM, this Toronto company is mainly focused on institutional assets, and has strong equity, dividend and fixed-income products…
Fiera Capital Corp. (TSX: FSZ)
13.3
2015 P/E
Yield: 3.37%
Since 2012, Montreal-based Fiera Capital has bought seven firms and is now expanding in the United States. Chan expects it to double its assets under management (AUM) over the next five years.
IGM Financial Inc. (TSX: IGM)
14.0
2015 P/E
Yield: 4.12%
Winnipeg’s IGM owns growth-oriented Mackenzie Investments, with its focus on equities, and Investors Group, with its focus on personalized financial planning. AUM is evenly split between the two.
Guardian Capital Group LTD. (TSX: GCG)
15.0
2015 P/E
Yield: 1.49%
With more than $30 billion in AUM, this Toronto company is mainly focused on institutional assets, and has strong equity, dividend and fixed-income products…
