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
IMF sounds fresh alarm over Canadian housing market + MORE Mar 10th
The International Monetary Fund reiterated its call for Canada to collect more data on its housing market and centralize oversight of the financial sector
.... More »
Can transferring ownership of a house help avoid probate tax? + MORE May 2nd
Ask MoneySense
I was having dinner with a friend and talking about inheritance tax regarding her parents’ house when they pass away. If they transferred ownership while the parents were still living, what would the impact of the inheritance tax be?
–Mary
Understanding inheritance tax in C.... More »
Quick Facts About Investing in Silver + MORE Feb 23rd
As mentioned in a few of my older posts, diversification has always been the key to success of any financial portfolio. It’s important to diversify because several sectors in the global economy will move asynchronously in cycles experiencing downsides. Gold and silver both do not move along w.... More »
The best metaverse coins to buy in 2022 + MORE Apr 25th
Imagine going to a rock concert with thousands of people from around the world, checking out virtual houses or earning cryptocurrency by playing blockchain-based games. This, and a lot more, is possible in the metaverse.
But what is the metaverse? It’s a digital world that combines virtual real.... More »
At the open: Earnings, Ebola weigh on market sentiment - The Globe and Mail + MORE Oct 24th
CTV NewsAt the open: Earnings, Ebola weigh on market sentimentThe Globe and MailU.S. stocks opened flat on Friday, as disappointing earnings from Amazon Inc. were offset by gains in Microsoft Corp. after its quarterly results. The Dow Jones industrial average rose 10.41 points, or 0.06 per cent, to .... More »
Capital Power to hike quarterly dividend by 7.9 per cent
– canadianbusiness.com
EDMONTON – Capital Power Corp. (TSX:CPX) says its quarterly dividend will go up 7.9 per cent to 34 cents per common share, starting with the next payment on Oct. 31.
The increased payout to the utility company’s shareholders was announced Friday along with financial results showing Edmonton-based Capital Power had $20 million of net income for the three months ended June 30.
That was flat compared with $20 million of net income in the third quarter of 2013, although diluted earnings per share fell to 17 cent from 19 cents a year earlier.
Revenue fell to $240 million from $321 million in the second quarter of 2013.
Capital Power said its financial performance during the second quarter was affected by seasonally low power prices in Alberta and lower power generation from its Sundance and Genesee 3 operations, but expects its operating margin to grow.
Capital Power has scheduled a conference call for Monday to discuss the results.
The post Capital Power to hike quarterly dividend by 7…
The increased payout to the utility company’s shareholders was announced Friday along with financial results showing Edmonton-based Capital Power had $20 million of net income for the three months ended June 30.
That was flat compared with $20 million of net income in the third quarter of 2013, although diluted earnings per share fell to 17 cent from 19 cents a year earlier.
Revenue fell to $240 million from $321 million in the second quarter of 2013.
Capital Power said its financial performance during the second quarter was affected by seasonally low power prices in Alberta and lower power generation from its Sundance and Genesee 3 operations, but expects its operating margin to grow.
Capital Power has scheduled a conference call for Monday to discuss the results.
The post Capital Power to hike quarterly dividend by 7…
60 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.
Gaza conflict: Israel agrees to 12-hour ceasefire – CBC.ca
– news.google.ca
Toronto StarGaza conflict: Israel agrees to 12-hour ceasefireCBC.caIsrael's military has agreed to a 12-hour humanitarian truce on fighting militants in Gaza, after an earlier bid on Friday by the U.S. secretary of state to broker a weeklong ceasefire did not succeed. A spokeswoman with the Israeli military told the Reuters news …Israel and Hamas agree to 12-hour ceasefire on SaturdayNational PostIsrael Agrees to Pause Assault on Gaza as Cease-Fire Deal Is PursuedNew York TimesIsrael and Hamas agree to a 12-hour cease-fireWashington PostLos Angeles Times -Irish Times -Wall Street Journalall 16,590 news articles »
Regulators take over small bank in Illinois; brings US bank failures to 14 in 2014
– canadianbusiness.com
WASHINGTON – Regulators have closed a small lender in Illinois, bringing U.S. bank failures this year to 14 after 24 closures in all of 2013.
The Federal Deposit Insurance Corp. said Friday that it has taken over GreenChoice Bank FSB, based in Chicago.
The bank, which operated three branches, had about $72.9 million in assets and $71 million in deposits as of March 31.
Providence Bank LLC, based in South Holland, Illinois, has agreed to assume all of the failed bank’s deposits.
The FDIC said that Providence Bank also agreed to buy roughly $67.7 million of GreenChoice Bank’s assets.
The failure of GreenChoice Bank is expected to cost the deposit-insurance fund $14.2 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
Only three banks went under in 2007. That jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009.
In 2010, regulators seized 157 banks, the most in any year since the savings and loan crisis two decades ago…
The Federal Deposit Insurance Corp. said Friday that it has taken over GreenChoice Bank FSB, based in Chicago.
The bank, which operated three branches, had about $72.9 million in assets and $71 million in deposits as of March 31.
Providence Bank LLC, based in South Holland, Illinois, has agreed to assume all of the failed bank’s deposits.
The FDIC said that Providence Bank also agreed to buy roughly $67.7 million of GreenChoice Bank’s assets.
The failure of GreenChoice Bank is expected to cost the deposit-insurance fund $14.2 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
Only three banks went under in 2007. That jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009.
In 2010, regulators seized 157 banks, the most in any year since the savings and loan crisis two decades ago…
Former Bear Stearns chairman Greenberg dead at 86
– theglobeandmail.com
Alan Greenberg has been credited with engineering the rise of Bear Stearns in the second half of the 20th century, when it became one of the largest stand-alone investment banks on Wall Street
