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
Canada's big banks admit they overcharged customers — what went wrong? - CBC.ca + MORE Jun 28th
CBC.caCanada's big banks admit they overcharged customers — what went wrong?CBC.caOn Tuesday, Royal Bank was the last of Canada's five big banks to get slapped with a multi-million dollar penalty for charging customers excess fees for investment products like mutual funds. In some cases,.... More »
Waiting to see if declines in real estate sales translate into falling prices: Don Pittis Aug 14th
The latest numbers from the Canadian Real Estate Association will offer clues on whether falling sales will translate into price declines..... More »
CPPIB investing more than $1B in Germany real estate joint venture + MORE May 15th
TORONTO – The Canada Pension Plan Investment Board is growing its German real estate platform by investing 394 million euros (C$542 million) for a 46.1 per cent interest in German shopping centre operator mfi AG.
The CPPIB, the investment arm of the Canada Pension Plan, said that under its dea.... More »
Wealthsimple reveals that it’s now profitable, after 10 years in operation Sep 18th
As Wealthsimple marks a decade in operation, the financial platform is disclosing for the first time that it’s profitable as its revenue and assets jump.
The company that started as a robo-advisor has been steadily adding investment capabilities over the years as well as more bank-like featur.... More »
Life insurance for kids: Do you really need it? + MORE Jul 20th
Buying life insurance for kids is probably the last thing on your mind when you’re in the throes of diaper changes and round-the-clock feedings. But the early stages of parenthood don’t last forever—and it’s never too early to start planning for your little one’s (or ones’) future.
W.... More »
How to Revive McDonald's
– online.wsj.com
With fourth-quarter earnings dropping 21% and global sales down, the company needs a back-to-basics turnaround.University of British Columbia faculty urge school to divest of fossil fuels
– canadianbusiness.com
VANCOUVER – Faculty members at the University of British Columbia have thrown their support behind a campaign for a fossil-fuel-free investment portfolio.
The university’s professors, librarians and program directors voted 62 per cent in favour of urging the school’s board of governors to sell off its holdings related to fossil fuels within the next five years.
The motion announced Tuesday also calls on the governors to stop any new fossil fuel-related investments.
“Last year UBC students voted overwhelmingly. This year UBC faculty has,” said George Hoberg, a forestry professor and outspoken advocate of divestment.
“It’s time for UBC to take some action on divestment.”
Investments tied to oil, gas and coal companies make up about 10 per cent of the university’s $1.3-billion endowment fund.
“UBC is a place of academic dialogue and debate and we welcome our faculty members’ interest in our investment policies,” said university spokeswoman Susan Danard in a written statement, adding that any decision on what to do with the endowment fund rests with the board of governors…
The university’s professors, librarians and program directors voted 62 per cent in favour of urging the school’s board of governors to sell off its holdings related to fossil fuels within the next five years.
The motion announced Tuesday also calls on the governors to stop any new fossil fuel-related investments.
“Last year UBC students voted overwhelmingly. This year UBC faculty has,” said George Hoberg, a forestry professor and outspoken advocate of divestment.
“It’s time for UBC to take some action on divestment.”
Investments tied to oil, gas and coal companies make up about 10 per cent of the university’s $1.3-billion endowment fund.
“UBC is a place of academic dialogue and debate and we welcome our faculty members’ interest in our investment policies,” said university spokeswoman Susan Danard in a written statement, adding that any decision on what to do with the endowment fund rests with the board of governors…
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
Canadian Western Bank selling property, casualty business to Intact for $197M
– canadianbusiness.com
EDMONTON – Canadian Western Bank Group (TSX:CWB) is selling its property and casualty insurance business to Intact Financial Corp. (TSX:IFC) for $197 million in cash.
The bank, which describes the deal as a refinement of its long-term growth strategy, says the selling price for Canadian Direct Insurance is about 2.5 times the net book value of the subsidiary as of Oct. 31.
“This transaction is the result of a purposeful strategic assessment that we started over a year ago,” CWB president and CEO Chris Fowler said in a statement issued Tuesday after markets closed.
“Our strategic direction is to increase the depth and breadth of client relationships through a focus on our core business banking platform with complementary financial services in personal banking, equipment finance and leasing, alternative mortgages, wealth management and trust services.”
Fowler said those core areas provided the best opportunities to drive “meaningful future growth” while the insurance business was “much less strategically aligned…
The bank, which describes the deal as a refinement of its long-term growth strategy, says the selling price for Canadian Direct Insurance is about 2.5 times the net book value of the subsidiary as of Oct. 31.
“This transaction is the result of a purposeful strategic assessment that we started over a year ago,” CWB president and CEO Chris Fowler said in a statement issued Tuesday after markets closed.
“Our strategic direction is to increase the depth and breadth of client relationships through a focus on our core business banking platform with complementary financial services in personal banking, equipment finance and leasing, alternative mortgages, wealth management and trust services.”
Fowler said those core areas provided the best opportunities to drive “meaningful future growth” while the insurance business was “much less strategically aligned…
