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
Before BMO led stock sale for marijuana grower, CIBC lent money Jan 20th
CIBC led a $20-million credit facility extended to MedReleaf last April to help the cannabis company grow
.... More »
Asian markets in post-FOMC trade as oil rebounds + MORE Dec 22nd
SEOUL, South Korea – Asian markets were mostly higher Monday after the Fed’s pledge not to rush to raise interest rates prompted investors to add risky assets ahead of the year-end holiday. A rise in the price of oil boosted energy stocks.
KEEPING SCORE: China’s Shanghai Composite .... More »
In suit, transgender man charges loan company he worked for wanted him to behave like a woman + MORE Apr 14th
NEW ORLEANS – A 21-year-old transgender man says in a sex discrimination lawsuit that he was forced to leave his job at a Mississippi-based loan company once officials there found out he was born a woman but dressed and acted like man.
Tristan Broussard filed suit on Monday against First Tower.... More »
Activision Blizzard Stock Drops After Bungie Split - Game Rant Jan 11th
Activision Blizzard Stock Drops After Bungie Split Game RantBungie Announces It’s Splitting With Activision But Keeping "Destiny" HotNewHipHopDestiny: We React to the Activision Bungie Split IGNBungie Splits With Activision, Keeps Destiny KotakuStocks ma.... More »
Nvidia’s stock market value tops $3.3 trillion Jun 20th
Nvidia’s startling ascent in the stock market reached another milestone Tuesday as the chipmaker rose to become the most valuable company in the S&P 500. Investors now say the company is worth over $3.3 trillion.
Nvidia has seen soaring demand for its semiconductors, which are used to pow.... More »
Scotiabank to pay $300M for 51% stake in Cencosud’s Chilean credit card business
– canadianbusiness.com
TORONTO – Scotiabank (TSX:BNS) says it will acquire a 51 per cent interest in the credit card and consumer loans business of Cencosud SA, the largest retailer in Chile, in a deal valued at $300 million.
The transaction includes a 15-year partnership between Scotiabank and Cencosud.
The financial services arm of Cencosud will continue to operate as a standalone business, with oversight from a board of directors representing the two partner companies.
The transaction will make Scotiabank the third-largest credit card supplier in Chile, one of the countries that it has identified as an area of growth.
Scotiabank chief executive Brian Porter told shareholders in April that the bank wants to sharpen its focus in Peru, Colombia, Mexico and Chile.
Cencosud is a retail conglomerate operating in five countries, including Argentina, Brazil, Peru and Colombia and its financial service arm currently has 2.5 million credit cards with more than US$1.2 billion in Chile.
“Scotiabank is excited about this acquisition because it will strengthen our credit card offerings for our customers and attract new customers to the bank,” said Wendy Hannam, Scotiabank’s executive vice-president for Latin America…
The transaction includes a 15-year partnership between Scotiabank and Cencosud.
The financial services arm of Cencosud will continue to operate as a standalone business, with oversight from a board of directors representing the two partner companies.
The transaction will make Scotiabank the third-largest credit card supplier in Chile, one of the countries that it has identified as an area of growth.
Scotiabank chief executive Brian Porter told shareholders in April that the bank wants to sharpen its focus in Peru, Colombia, Mexico and Chile.
Cencosud is a retail conglomerate operating in five countries, including Argentina, Brazil, Peru and Colombia and its financial service arm currently has 2.5 million credit cards with more than US$1.2 billion in Chile.
“Scotiabank is excited about this acquisition because it will strengthen our credit card offerings for our customers and attract new customers to the bank,” said Wendy Hannam, Scotiabank’s executive vice-president for Latin America…
Regulators take over 2 banks in Illinois, Florida; brings US banks failures to 11 in 2014
– canadianbusiness.com
NEW YORK, N.Y. – Regulators have closed two lenders in Illinois and Florida, bringing U.S. bank failures this year to 11 after 24 closures in all of 2013.
The Federal Deposit Insurance Corp. said Friday that it has taken over Valley Bank in Moline, Illinois. The bank had 13 branches, assets of $456.4 million and deposits of $360 million.
Great Southern Bank of Reeds Spring, Missouri, will assume all of the deposits of Valley Bank. It’s the 10th bank to fail this year, and the third in Illinois.
The FDIC also is taking over another Valley Bank, this one based in Fort Lauderdale, Florida. It has four branches, assets of $81.8 million and deposits of $66.5 million. Landmark Bank N.A. of Fort Lauderdale is assuming all of the deposits of Valley Bank. Valley Bank of Fort Lauderdale is this year’s first bank failure in Florida.
The two bank failures are expected to cost the deposit insurance fund $51.4 million and $7.7 million, respectively.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession…
The Federal Deposit Insurance Corp. said Friday that it has taken over Valley Bank in Moline, Illinois. The bank had 13 branches, assets of $456.4 million and deposits of $360 million.
Great Southern Bank of Reeds Spring, Missouri, will assume all of the deposits of Valley Bank. It’s the 10th bank to fail this year, and the third in Illinois.
The FDIC also is taking over another Valley Bank, this one based in Fort Lauderdale, Florida. It has four branches, assets of $81.8 million and deposits of $66.5 million. Landmark Bank N.A. of Fort Lauderdale is assuming all of the deposits of Valley Bank. Valley Bank of Fort Lauderdale is this year’s first bank failure in Florida.
The two bank failures are expected to cost the deposit insurance fund $51.4 million and $7.7 million, respectively.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession…
A busy week in the financial news was highlighted by a flashy new phone from Amazon, and record high prices for some very different asset classes, Jacqueline Hansen report’s in the CBC’s recap of the week in business.
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (15,108.97, down 3.25 points):
Belo Sun Mining Corp. (TSX:BSX). Miner. Down four cents, or 15.69 per cent, to 21.5 cents on 26.7 million shares.
Centerra Gold Inc. (TSX:CG). Miner. Up 29 cents, or 5.38 per cent, to $5.68 on 12.9 million shares.
Primero Mining Corp. (TSX:P). Miner. Down seven cents, or 0.84 per cent, to $8.31 on 12.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financial services. Up 32 cents, or 1.52 per cent, to $21.34 on 9 million shares.
Silvercorp Metals Inc. (TSX:SVM). Miner. Down 15 cents, or 6.82 per cent, to $2.05 on 8.8 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up two cents, or 0.52 per cent, to $3.84 on 8.3 million shares.
Toronto Venture Exchange (1,026.32, up 4.26 points):
theScore, Inc. (TSXV:SCR). Application software. Up 5.5 cents, or 18.64, to 35 cents on 17 million shares.
Petromanas Energy Inc…
Toronto Stock Exchange (15,108.97, down 3.25 points):
Belo Sun Mining Corp. (TSX:BSX). Miner. Down four cents, or 15.69 per cent, to 21.5 cents on 26.7 million shares.
Centerra Gold Inc. (TSX:CG). Miner. Up 29 cents, or 5.38 per cent, to $5.68 on 12.9 million shares.
Primero Mining Corp. (TSX:P). Miner. Down seven cents, or 0.84 per cent, to $8.31 on 12.7 million shares.
Manulife Financial Corp. (TSX:MFC). Financial services. Up 32 cents, or 1.52 per cent, to $21.34 on 9 million shares.
Silvercorp Metals Inc. (TSX:SVM). Miner. Down 15 cents, or 6.82 per cent, to $2.05 on 8.8 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up two cents, or 0.52 per cent, to $3.84 on 8.3 million shares.
Toronto Venture Exchange (1,026.32, up 4.26 points):
theScore, Inc. (TSXV:SCR). Application software. Up 5.5 cents, or 18.64, to 35 cents on 17 million shares.
Petromanas Energy Inc…
Business Highlights
– canadianbusiness.com
___
Energetic stock market pushes toward milestones
NEW YORK (AP) — The U.S. stock market is back to setting records.
After treading water for most of March and April, stocks are nudging deeper into record territory and are closing in on milestones with lots of zeros attached to them. The Dow Jones industrial average is within 53 points of 17,000 while the Standard & Poor’s 500 is just shy of 2,000 after rising 6 per cent this year.
A harsh winter in the U.S. that hobbled growth made investors cautious. There were also worries about the conflict in Ukraine and slowing growth in China, the world’s second-biggest economy.
But now the economy appears to be on track again, and investors are rediscovering their appetite for stocks.
___
Detroit ‘Grand Bargain’ vote key to bankruptcy end
DETROIT (AP) — An effort by deep-pocketed philanthropists to save the bankrupt city of Detroit’s art treasures began with a chance meeting last year and culminated Friday when Michigan Gov…
Energetic stock market pushes toward milestones
NEW YORK (AP) — The U.S. stock market is back to setting records.
After treading water for most of March and April, stocks are nudging deeper into record territory and are closing in on milestones with lots of zeros attached to them. The Dow Jones industrial average is within 53 points of 17,000 while the Standard & Poor’s 500 is just shy of 2,000 after rising 6 per cent this year.
A harsh winter in the U.S. that hobbled growth made investors cautious. There were also worries about the conflict in Ukraine and slowing growth in China, the world’s second-biggest economy.
But now the economy appears to be on track again, and investors are rediscovering their appetite for stocks.
___
Detroit ‘Grand Bargain’ vote key to bankruptcy end
DETROIT (AP) — An effort by deep-pocketed philanthropists to save the bankrupt city of Detroit’s art treasures began with a chance meeting last year and culminated Friday when Michigan Gov…
