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
“A way to leapfrog”: AWS executive says regulated industries moving fastest on AI + MORE Jul 5th
As a wave of companies rush to embed artificial intelligence into their operations, Matt Wood has noticed the technology’s fastest adopters are businesses more typically described as slow to change.
Matt Wood, Amazon Web Services global VP of AI products (The Canadian Press / HO-Amazon Web Serv.... More »
A growth portfolio for the long term + MORE Apr 6th
(Jason Franson)
Srinivas Velanki, a 52-year-old engineer from Edmonton, has a defined-benefit pension plan and real estate properties. Right now his low six-figure retirement portfolio is invested mostly in an RRSP of 90% balanced mutual funds, 7% global equity funds and the remaining 3% spread amon.... More »
Facebook forecast for slowing growth, rising expenses sends stock down + MORE Jul 25th
Facebook Inc. fell short of analysts' estimates for monthly active users on Wednesday, months after the social network became embroiled in a data scandal that affected millions of its users..... More »
Lawyer to investigate significant misconduct by B.C. real estate agents Apr 2nd
VANCOUVER – The Real Estate Council of B.C. has hired a lawyer to work with private investigators in cases of significant misconduct by agents.
The council already has five staff lawyers who investigate complaints by the public and real estate agents.
Spokeswoman Marilee Peters says the range .... More »
Statistics Canada says pace of Canadian economic growth slowed in third quarter Nov 30th
The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday..... More »
Royal Bank bets on wearable payment tech
– moneysense.ca
TORONTO – You’ve heard of paying retailers with the tap of a smartphone, but Royal Bank thinks shoppers are ready to take another big step: wearing payment options on their wrist.
The bank has paired with Toronto-based technology developer Bionym to test a wristband called Nymi (pronounced Nim-ee), which identifies owners through their unique heartbeat and then lets them charge purchases to their credit card.
The device looks like a watch, and will soon grace the wrists of 250 RBC clients and staff under a pilot project in Toronto that runs through February.
Eventually, the bank hopes to roll out its RBC PayBand across the country.
Royal Bank (TSX:RY) is focusing more on payment technology in an effort introduce more options, said Jeremy Bornstein, head of the bank’s payments innovation operations.
“We’ve been keenly looking at the wearable space for quite some time,” he said in a recent phone interview from the Money 2020 financial innovation convention in Las Vegas.
“We’re quickly going to move past (the test period) to giving clients true choice — not only in what they pay with — but also how they’re paying…
The bank has paired with Toronto-based technology developer Bionym to test a wristband called Nymi (pronounced Nim-ee), which identifies owners through their unique heartbeat and then lets them charge purchases to their credit card.
The device looks like a watch, and will soon grace the wrists of 250 RBC clients and staff under a pilot project in Toronto that runs through February.
Eventually, the bank hopes to roll out its RBC PayBand across the country.
Royal Bank (TSX:RY) is focusing more on payment technology in an effort introduce more options, said Jeremy Bornstein, head of the bank’s payments innovation operations.
“We’ve been keenly looking at the wearable space for quite some time,” he said in a recent phone interview from the Money 2020 financial innovation convention in Las Vegas.
“We’re quickly going to move past (the test period) to giving clients true choice — not only in what they pay with — but also how they’re paying…
Will the dialogue about abuse translate to financial support?
– theglobeandmail.com
For Canada’s oldest shelter for abused women, the swell of conversation ‘has had a very profound and immediate impact’
The federal government and Quebec’s provincial government have pledged to pitch in $1 for every $2 raised by the private sector to backstop an investment fund that’s supposed to target innovative companies in the province.
Revenue falls but Aecon Group Q3 profit of $39.5M beats prior-year result
– canadianbusiness.com
TORONTO – Aecon Group Inc. (TSX:ARE) saw an increase in third-quarter profit even as the construction and infrastructure development company reported softer revenues in the period.
Aecon said net profits in the three months to Sept. 30 were $39.5 million or 49 cents per diluted share, up from $34.4 million or 53 cents in the same 2013 quarter. The improved results included a fair value gain on convertible debentures of $8.7 million, versus a $2.8-million loss in the prior-year period.
Revenue contracted to $840.4 million from $897.3 million, largely because of what the company said was longer than anticipated ramp-up on new projects as a result of externally-driven delays.
“An overall more cautious approach is being adopted by clients to moving projects forward at a normal pace,” the company said in its earnings release, issued Monday after markets closed.
“This trend has continued into the early part of the fourth quarter with ongoing uncertainty being seen in the broader Canadian economy, in large part linked to weakness in the resource sector…
Aecon said net profits in the three months to Sept. 30 were $39.5 million or 49 cents per diluted share, up from $34.4 million or 53 cents in the same 2013 quarter. The improved results included a fair value gain on convertible debentures of $8.7 million, versus a $2.8-million loss in the prior-year period.
Revenue contracted to $840.4 million from $897.3 million, largely because of what the company said was longer than anticipated ramp-up on new projects as a result of externally-driven delays.
“An overall more cautious approach is being adopted by clients to moving projects forward at a normal pace,” the company said in its earnings release, issued Monday after markets closed.
“This trend has continued into the early part of the fourth quarter with ongoing uncertainty being seen in the broader Canadian economy, in large part linked to weakness in the resource sector…
Magellan Aerospace Q3 profits soar 36%; revenue up almost 12% at $202.5M
– canadianbusiness.com
TORONTO – Magellan Aerospace Corp. (TSX:MAL) says third-quarter earnings soared by more than a third as the Toronto-based supplier of components to the aerospace industry also reported a double-digit boost in revenue.
Magellan says net income in the three months ended Sept. 30 was $13 million or 22 cents per share, up 36.4 per cent from $9.6 million or 16 cents per share in the year-earlier period.
Revenue climbed 11.9 per cent to $202.5 million from $181 million as a result of higher production volumes on both new and legacy commercial aircraft platforms and the appreciation of U.S. dollar and the British pound against the Canadian dollar.
Revenues in Canada increased 6.7 per cent year over year, primarily due to higher revenue from space programs, helped by currency fluctuations and offset in part by reduced revenues from defence programs.
In the U.S., revenues increased by 19.7 per cent due to increased build rates for single-aisle and widebody commercial aircraft programs as well as currency gains…
Magellan says net income in the three months ended Sept. 30 was $13 million or 22 cents per share, up 36.4 per cent from $9.6 million or 16 cents per share in the year-earlier period.
Revenue climbed 11.9 per cent to $202.5 million from $181 million as a result of higher production volumes on both new and legacy commercial aircraft platforms and the appreciation of U.S. dollar and the British pound against the Canadian dollar.
Revenues in Canada increased 6.7 per cent year over year, primarily due to higher revenue from space programs, helped by currency fluctuations and offset in part by reduced revenues from defence programs.
In the U.S., revenues increased by 19.7 per cent due to increased build rates for single-aisle and widebody commercial aircraft programs as well as currency gains…
