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
ITT Tech shutters all campuses after federal aid sanctions + MORE Sep 6th
The for-profit college chain ITT Technical Institute is shutting down all 130 of its U.S. campuses, saying Tuesday it can’t survive recent sanctions by the U.S. Department of Education.
In a letter to more than 35,000 students, the Indiana-based parent company ITT Educational Services announce.... More »
Allegations of inflated property values at centre of RCMP syndicated mortgage fraud investigation Jul 19th
The RCMP believe an alleged mortgage fraud involving real-estate projects across the country runs so deep that it could hurt Canadian financial and real estate markets..... More »
TFSA confusion: The myths that just won’t die Jun 25th
After 15 years of conversations with blog readers and financial planning clients, I’m still amazed at how often the same myths about tax-free savings accounts (TFSAs) pop up.
I’ve had clients ask if a dividend paid inside their TFSA counts as a contribution. Others think they lose contribut.... More »
Money record in jeopardy - World News - Castanet.net May 28th
Money record in jeopardy - World News Castanet.netJames Holzhauer's "Jeopardy" winning streak is still going and he may be on track to surpass Ken Jennings' record earnings in the next month.View full coverage on Google News.... More »
UBS posts 14 per cent drop in net profit in second quarter + MORE Jul 29th
GENEVA – Swiss bank UBS has reported a 14-per cent drop in net profit in the second quarter, citing “pronounced low client activity” amid economic and geopolitical uncertainties and other market weakness.
The company said net income fell to 1.03 billion Swiss francs ($1.05 billion).... More »
Women’s fashion retailer Jacob Inc. has been given a month to come up with a restructuring plan to stave off its financial problems and keep some of its stores open.
Encana spinoff PrairieSky posts $23.9-million profit in first financial report
– canadianbusiness.com
CALGARY – PrairieSky Royalty Ltd. (TSX:PSK), the Encana Corp. spinoff that made its trading debut this spring, posted a $23.9-million profit in its first financial report.
The net earnings and comprehensive income for the period between PrairieSky’s May 27 inception and June 30 amounted to one dollar per diluted share, or 18 cents on an adjusted basis.
Revenues were $37.2 million while funds from operations were $31 million.
Production averaged 15,664 barrels of oil equivalent per day, with 44 per cent crude oil, 10 per cent natural gas liquids and 46 per cent natural gas.
At the end of June, PrairieSky had working capital of $57.4 million.
“The first several weeks of active operations have been very busy and productive and I would like to thank all of our employees and directors for their contributions and hard work in ensuring a successful start for PrairieSky” CEO Andrew Phillips said in a release.
As part of a sweeping new strategy unveiled last fall, Calgary-based energy producer Encana (TSX:ECA) decided to separate a big chunk of its royalty lands into a new publicly traded company, PrairieSky…
The net earnings and comprehensive income for the period between PrairieSky’s May 27 inception and June 30 amounted to one dollar per diluted share, or 18 cents on an adjusted basis.
Revenues were $37.2 million while funds from operations were $31 million.
Production averaged 15,664 barrels of oil equivalent per day, with 44 per cent crude oil, 10 per cent natural gas liquids and 46 per cent natural gas.
At the end of June, PrairieSky had working capital of $57.4 million.
“The first several weeks of active operations have been very busy and productive and I would like to thank all of our employees and directors for their contributions and hard work in ensuring a successful start for PrairieSky” CEO Andrew Phillips said in a release.
As part of a sweeping new strategy unveiled last fall, Calgary-based energy producer Encana (TSX:ECA) decided to separate a big chunk of its royalty lands into a new publicly traded company, PrairieSky…
30 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (15,249.99, down 16.58 points):
RB Energy Inc. (TSX:RBI). Miner. Down 14.5 cents, or 28.43 per cent, to 36.5 cents on 9.7 million shares.
Romarco Minerals Inc. (TSX:R). Miner. Up seven cents, or 8.43 per cent, to 90 cents on 5.2 million shares.
Bioniche Life Sciences Inc. (TSX:BNC). Biotechnology. Up 5.5 cents, or 17.46 per cent, to 37 cents on 4.9 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down thre cents, or 1.02 per cent, to $2.91 on 4.7 million shares.
Bombardier Inc. (TSX:BBD.B): Plane, train maker. Unchanged at $3.78 on 3.9 million shares.
Toronto Venture Exchange (1,006.48, down 5.75 points):
Petroamerica Oil Corp. (TSXV:PTA). Oil and gas. Down 0.5 cents, or 1.54 per cent, to 32 cents on 41.7 million shares.
Mena Hydrocarbons Inc. (TSXV:MNH). Oil and gas. Up one cent, or 66.67 per cent, to 2.5 cents on 10.4 million shares.
Companies reporting major news:
Canadian National Railways (TSX:CNR)…
Toronto Stock Exchange (15,249.99, down 16.58 points):
RB Energy Inc. (TSX:RBI). Miner. Down 14.5 cents, or 28.43 per cent, to 36.5 cents on 9.7 million shares.
Romarco Minerals Inc. (TSX:R). Miner. Up seven cents, or 8.43 per cent, to 90 cents on 5.2 million shares.
Bioniche Life Sciences Inc. (TSX:BNC). Biotechnology. Up 5.5 cents, or 17.46 per cent, to 37 cents on 4.9 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down thre cents, or 1.02 per cent, to $2.91 on 4.7 million shares.
Bombardier Inc. (TSX:BBD.B): Plane, train maker. Unchanged at $3.78 on 3.9 million shares.
Toronto Venture Exchange (1,006.48, down 5.75 points):
Petroamerica Oil Corp. (TSXV:PTA). Oil and gas. Down 0.5 cents, or 1.54 per cent, to 32 cents on 41.7 million shares.
Mena Hydrocarbons Inc. (TSXV:MNH). Oil and gas. Up one cent, or 66.67 per cent, to 2.5 cents on 10.4 million shares.
Companies reporting major news:
Canadian National Railways (TSX:CNR)…
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
