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
Gildan wins auction for American Apparel, pays $88M for the brand — but not the stores + MORE Jan 10th
Montreal-based apparel maker Gildan Activewear Inc. has won an auction to buy the assets of American Apparel, which went into a court-supervised liquidation process earlier this year..... More »
BBC to lay off 1,000 people as U.K. viewers move online + MORE Jul 2nd
The British Broadcasting Corporation will cut more than 1,000 jobs to cover a 150-million-pound ($294 million Cdn) gap in licence fee income next financial year as millions of viewers turn off their televisions and watch programmes on tablets and mobile phones..... More »
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% - Yahoo Canada Finance + MORE Feb 6th
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% Yahoo Canada FinanceBed Bath & Beyond Plans Share Sale in Bid to Avoid Bankruptcy BNN BloombergBed Bath & Beyond moves to raise $1 bln to avoid bankruptcy Reuters.comBed Bath & Beyo.... More »
MoneySense at the MoneyShow: Top Canadian ETFs for This Year and Beyond + MORE Jul 6th
Join MoneySense at the MoneyShow Toronto.
For Canadian investors like you, this is a complex and convoluted environment. Seldom have we seen a market that contains both so much promise… and so many potential pitfalls.
To help find more promising opportunities, while avoiding more troubl.... More »
Canadian Natural buying Shell, Marathon oilsands holdings for C$12.74 billion + MORE Mar 9th
Canadian Natural Resources plans to spend C$12.74 billion in cash and shares in a blockbuster deal to acquire the bulk of Royal Dutch Shell’s oilsands holdings and half of Marathon Oil’s minority stake in the Athabasca Oil Sands Project in Alberta.
The transaction, which would bring more.... More »
Mutual fund net sales total $5.36B in January; assets under management $1.18T
– canadianbusiness.com
TORONTO – The Investment Funds Institute of Canada says net sales of mutual funds totalled $5.36 billion in January, reflecting net long-term fund sales of $5.52 billion and net money market fund redemptions of $159.7 million.
Total assets under management as of the end of January were $1.18 trillion, up $39 billion or 3.4 per cent from $1.141 trillion in December and up $168.3 billion or 16.6 per cent since January 2014, IFFIC said in its monthly report Thursday.
Net sales of balanced funds in January totalled $4.4 billion compared with net sales of $2.97 billion in December.
Bond fund net sales totalled $142.8 million compared with $3 million in December.
Equity fund net sales totalled $554.7 million in January compared with net redemptions of $874.2 million the previous month.
Specialty fund net sales totalled $416.4 million versus net redemptions of $83.6 million in December.
The post Mutual fund net sales total $5.36B in January; assets under management $1.18T appeared first on Canadian Business.
Total assets under management as of the end of January were $1.18 trillion, up $39 billion or 3.4 per cent from $1.141 trillion in December and up $168.3 billion or 16.6 per cent since January 2014, IFFIC said in its monthly report Thursday.
Net sales of balanced funds in January totalled $4.4 billion compared with net sales of $2.97 billion in December.
Bond fund net sales totalled $142.8 million compared with $3 million in December.
Equity fund net sales totalled $554.7 million in January compared with net redemptions of $874.2 million the previous month.
Specialty fund net sales totalled $416.4 million versus net redemptions of $83.6 million in December.
The post Mutual fund net sales total $5.36B in January; assets under management $1.18T appeared first on Canadian Business.
Did Alberta squander its oil wealth?
– cbc.ca
In the next week, Alberta will release its third-quarter fiscal update, and it’s not going to be pretty. A report from the Fraser Institute says it didn’t have to be this way.
A look at the new iShares Core ETFs
– moneysense.ca
(malerapaso/Getty Images)iShares shook up the ETF marketplace last March when it launched its Core family of low-cost ETFs in the major asset classes. This week iShares announced some new additions to its Core lineup, including two broad-market funds that go head-to-head with recently launched ETFs from Vanguard. Let’s take a peek at these compelling new offerings.
Blanket coverage of the US
First up is the iShares Core S&P U.S. Total Market (XUU), which provides exposure to the broad US stock market, including large, mid and small cap stocks.
This is iShares’ answer to the Vanguard U.S. Total Market (VUN), and it comes in five basis points cheaper, with a management fee of just 0.10%. However, the coverage is not quite as complete: VUN holds more than 3,800 stocks, compared with 1,500 for XUU. Although XUU’s benchmark is the S&P Total Market Index (which includes almost 3,900 companies) the fund actually holds three US-listed ETFs that make up the S&P Composite 1500 Index…
60 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.
Switzerland flexes parliamentary muscle as scrutiny of HSBC intensifies
– theglobeandmail.com
Lawmakers plan to question country’s financial watchdog
