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
Lowe’s forecasts 2017 sales ahead of estimates; shares rise + MORE Mar 1st
Home improvement retailer’s quarterly earnings climb to $663-million, from $11-million, a year earlier
.... More »
Weekend Reading – Dividend milestones, phishing, cash back cards and more + MORE Apr 15th
Learn, save, invest and prosper with My Own Advisor.
Welcome to my latest Weekend Reading edition – some of my favourite articles from the personal finance and investing blogosphere this week.
Earlier this week I asked the audience if I should sell my old car (I will have a follow-up post with my .... More »
Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015 + MORE May 9th
NEW YORK, N.Y. – Regulators have closed a small bank in Chicago, marking the fifth failure of a federally insured bank 2015.
Edgebrook Bank was closed by the Illinois Department of Financial & Professional Regulation on Friday. Republic Bank of Chicago agreed to buy $79.7 million of the fa.... More »
Tillerson out at State, to be replaced by CIA chief Pompeo + MORE Mar 13th
U.S. Secretary of State Rex Tillerson arrives to a news conference with U.S. President Donald Trump and Swedish Prime Minister Stefan Lofven in the East Room of the White House March 6, 2018 in Washington, DC. Trump and Lofven are looking to focus on trade and investment between the two countries an.... More »
Invest in Trump? There’s an ETF for that + MORE Sep 18th
A Texas financial firm is betting GOP supporters will put their money where their politics are (Jim Young/Reuters)
It’s a truism to say that we are in hyper-partisan times, the United States in particular. From our bumper stickers to our news sources, we can choose to live in a way that refl.... More »
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,261.64, up 65.33 points):
Torex Gold Resources Inc. (TSX:TXG). Miner. Unchanged at $1.51 on 8.2 million shares.
Coro Mining Corp. (TSX:COP). Miner. Unchanged at six cents on 5.8 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up two cents, or 0.52 per cent, to $3.84 on 3.5 million shares.
Ram Power, Corp. (TSX:RPG). Utilities. Down 0.5 of a cent, or 25 per cent, to 1.5 cents on 2.9 million shares.
Manulife Financial Corp. (TSX:MFC). Life insurance. Down nine cents, or 0.41 per cent, to $21.73 on 2.7 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Up seven cents, or 0.87 per cent, to $8.15 on 2.6 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 31 cents, or 0.54 per cent, to $57.22 on 773,970 shares. The Montreal-based engineering and construction giant says its $2.1-billion cash takeover offer for Kentz Corp. Ltd…
Toronto Stock Exchange (15,261.64, up 65.33 points):
Torex Gold Resources Inc. (TSX:TXG). Miner. Unchanged at $1.51 on 8.2 million shares.
Coro Mining Corp. (TSX:COP). Miner. Unchanged at six cents on 5.8 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up two cents, or 0.52 per cent, to $3.84 on 3.5 million shares.
Ram Power, Corp. (TSX:RPG). Utilities. Down 0.5 of a cent, or 25 per cent, to 1.5 cents on 2.9 million shares.
Manulife Financial Corp. (TSX:MFC). Life insurance. Down nine cents, or 0.41 per cent, to $21.73 on 2.7 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Up seven cents, or 0.87 per cent, to $8.15 on 2.6 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 31 cents, or 0.54 per cent, to $57.22 on 773,970 shares. The Montreal-based engineering and construction giant says its $2.1-billion cash takeover offer for Kentz Corp. Ltd…
Canadians’ net worth up 8%
– moneysense.ca
TORONTO – Canadians’ fortunes appear to be in good shape, with their net worth up nearly eight per cent on higher real estate and investment values.
That’s according to data from Environics Analytics, which found that the average net worth per household last year grew by 7.7 per cent to $442,130.
Consumer debt was flat and real estate performed more predictably compared with recent years — increasing six per cent over 2012.
That suggests that although many Canadians still face higher-than-normal unemployment, they are bouncing back strongly from the 2008 economic downturn, Environics said.
Nationwide, the new data indicate that stock portfolios are growing, savings are on the rise and mortgage debt has ticked up only modestly.
The report includes 121 financial and investment statistics from a variety of sources, including the Bank of Canada and Statistics Canada.
That’s according to data from Environics Analytics, which found that the average net worth per household last year grew by 7.7 per cent to $442,130.
Consumer debt was flat and real estate performed more predictably compared with recent years — increasing six per cent over 2012.
That suggests that although many Canadians still face higher-than-normal unemployment, they are bouncing back strongly from the 2008 economic downturn, Environics said.
Nationwide, the new data indicate that stock portfolios are growing, savings are on the rise and mortgage debt has ticked up only modestly.
The report includes 121 financial and investment statistics from a variety of sources, including the Bank of Canada and Statistics Canada.
READ: The stress-free guide to retiring rich »
The post Canadians’ net worth up 8% appeared first on MoneySense.
Kinder Morgan deal: Why investors should be wary
– theglobeandmail.com
Investors should be reminded that Kinder Morgan Inc.’s stock isn’t cheap, trading at 33 times earnings
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.
OTTAWA – A tricky rule keeps tripping up thousands of Canadians who make withdrawals from their tax-free savings accounts, and replace the money too early.
Some 54,700 taxpayers got warning packages from the Canada Revenue Agency earlier this year about the problem affecting the 2013 taxation year, and were told they face a penalty.
The number has been dropping steadily from a peak of 103,000 in 2010, but still represents a persistent misunderstanding of TFSA rules even as the agency and financial institutions step up education measures.
The regulations say that account holders can put back the amounts they withdraw from a TFSA only in a later calendar year. Doing so in the same calendar year exposes them to a tax hit for overcontributions, even though they’re only replacing the withdrawn funds.
By the end of 2013, some 10.7 million Canadians had opened a TFSA, a savings vehicle introduced by the Conservative government in 2009 that allows money to grow inside tax-free with no income-tax hit on withdrawal…
Some 54,700 taxpayers got warning packages from the Canada Revenue Agency earlier this year about the problem affecting the 2013 taxation year, and were told they face a penalty.
The number has been dropping steadily from a peak of 103,000 in 2010, but still represents a persistent misunderstanding of TFSA rules even as the agency and financial institutions step up education measures.
The regulations say that account holders can put back the amounts they withdraw from a TFSA only in a later calendar year. Doing so in the same calendar year exposes them to a tax hit for overcontributions, even though they’re only replacing the withdrawn funds.
By the end of 2013, some 10.7 million Canadians had opened a TFSA, a savings vehicle introduced by the Conservative government in 2009 that allows money to grow inside tax-free with no income-tax hit on withdrawal…
