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.
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The 7 best low-interest credit cards in Canada for August 2023 + MORE Aug 5th
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The 7 best low-interest credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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How should a 24-year-old invest now to minimize taxes in the future? + MORE Dec 5th
Q. I’m 24 years old and have a dilemma. I have made the maximum contributions to my Tax-Free Savings Account (TFSA) every year, and now I’m wondering what money moves I should make next. By that, I mean what is the best investment route for me at this stage of my life so that I pay the least amo.... More »
CPP payment dates in 2026, and more to know about the Canada Pension Plan + MORE Jan 2nd
In Canada, most retirement plans include the Canada Pension Plan (CPP). Whether retirement is just around the corner or still years away, CPP is likely to form part of your retirement income. How much you receive depends on factors such as your earnings history, contributions, and when you start col.... More »
Brexit vote rocks the world’s financial markets + MORE Jun 24th
A man walks past a screen displaying currency exchange rates outside a brokerage in Tokyo, Japan, June 24, 2016. REUTERS/Thomas Peter – RTX2HWDB
SEOUL, Korea, Republic Of — World financial markets were rocked Friday by Britain’s unprecedented vote to leave the European Union, with stoc.... More »
Adam Chapman financial advisor Aug 9th
Meet Adam Chapman
Adam Chapman jokes that he’s a financial planner who helps people spend money—not save it. And, thanks to his love for afternoon tea, Chapman has worked with people from generations older than him for nearly 20 years. No matter how much wealth his clients have achieved befor.... More »
Five things Bank of Canada governor Stephen Poloz told the finance committee
– canadianbusiness.com
OTTAWA – Bank of Canada governor Stephen Poloz recommends jobless young Canadians find unpaid work as they wait for the economy to recover. Here are five more interesting things Poloz told us during his appearance Tuesday at the House of Commons finance committee:
On growth: The Bank of Canada’s outlook for GDP growth stayed at the same level because the recent drop in oil prices has offset gains made by the country’s export sector.
On infrastructure: Infrastructure is almost always a good thing to invest in because it’s a key ingredient in Canada’s economic growth. The right conditions for infrastructure projects are in place, such as rock-bottom borrowing rates, but lingering uncertainty in the economy has likely driven a wedge between positive investment decisions and what one might expect when rates are low.
On child care: A child-care policy that would free people up to enter the labour force wouldn’t necessarily make a significant impact in addressing worker shortages caused by the aging population…
On growth: The Bank of Canada’s outlook for GDP growth stayed at the same level because the recent drop in oil prices has offset gains made by the country’s export sector.
On infrastructure: Infrastructure is almost always a good thing to invest in because it’s a key ingredient in Canada’s economic growth. The right conditions for infrastructure projects are in place, such as rock-bottom borrowing rates, but lingering uncertainty in the economy has likely driven a wedge between positive investment decisions and what one might expect when rates are low.
On child care: A child-care policy that would free people up to enter the labour force wouldn’t necessarily make a significant impact in addressing worker shortages caused by the aging population…
Icahn Investments Whacked by Energy in Third Quarter
– blogs.wsj.com
Carl Icahn’s investment portfolio lost $270 million in the third quarter as global energy prices whacked his stocks.
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
Sprint, Office Depot, Michael Kors, Herbalife and RetailMeNot are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Sprint Corp., down $1.02 to $5.18
The wireless phone company reported a wider-than-expected quarterly loss and said it will cut 2,000 jobs in a cost-cutting measure.
Michael Kors Holdings Ltd., down $6.57 to $71.42
The luxury fashion retailer expects profit and revenue during the holiday season to fall short of Wall Street expectations.
Herbalife Ltd., down $11.64 to $44.26
The supplements seller reported worse-than-expected quarterly results and a weaker-than-expected full-year outlook.
Chevron Corp., down $1.41 to $115.37
The energy company’s stock fell with the price of crude oil following reports that Saudi Arabia is cutting prices for U.S. customers.
Nasdaq
Office Depot Inc., up $1.26 to $6.33
The office supply retailer reported better-than-expected quarterly results and raised its outlook for the year.
RetailMeNot Inc., down $6.05 to $14…
NYSE
Sprint Corp., down $1.02 to $5.18
The wireless phone company reported a wider-than-expected quarterly loss and said it will cut 2,000 jobs in a cost-cutting measure.
Michael Kors Holdings Ltd., down $6.57 to $71.42
The luxury fashion retailer expects profit and revenue during the holiday season to fall short of Wall Street expectations.
Herbalife Ltd., down $11.64 to $44.26
The supplements seller reported worse-than-expected quarterly results and a weaker-than-expected full-year outlook.
Chevron Corp., down $1.41 to $115.37
The energy company’s stock fell with the price of crude oil following reports that Saudi Arabia is cutting prices for U.S. customers.
Nasdaq
Office Depot Inc., up $1.26 to $6.33
The office supply retailer reported better-than-expected quarterly results and raised its outlook for the year.
RetailMeNot Inc., down $6.05 to $14…
