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
What’s my RRSP contribution limit? Feb 10th
If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2018 and may even be looking forward to a hefty tax refund. You can help ensure that happens by knowing the details of your Registered Retirement Savings Plan (RRSP), what sets them apart, your cont.... More »
Costco shoppers to pay an extra $5 or $10 fee for membership starting in June + MORE Mar 3rd
Costco will charge shoppers in Canada and the U.S. an extra $5 or $10 for an annual membership after the big box retailer posted financial results that disappointed Wall Street..... More »
Toronto stock market moves up moderately, loonie steady during U.S. holiday + MORE Nov 24th
TORONTO – The Toronto Stock Exchange is showing a moderate gain this morning while major U.S. markets remain closed.
The S&P/TSX composite index was up 35.74 points at 15,116.65, just above a 52-week high set earlier this week.
In New York, markets are closed for the American Thanksgiving .... More »
The Crypto Crash Is Particularly Bad for Black Investors + MORE Nov 18th
After cryptocurrency values started crashing hard this year, headlines of people losing millions, their life savings or retirement funds flooded the news. When crypto bank Celsius Network filed for bankruptcy this summer its customers alone lost US$5 billion. Even digital-asset evangelists like Bina.... More »
Navigating the Future of Finance: The Intersection of Technology and Creativity Apr 11th
In an era where the pulse of finance is increasingly dictated by technological advancements, the industry stands at a crossroads. The trajectory of financial services is no longer solely in the hands of traditional banking institutions or even fintech disruptors. Instead, it lies at the intersection.... More »
HOOPP reports 17.71% return in 2014, drives net asset to $60.8 billion
– canadianbusiness.com
TORONTO – The pension fund that invest on behalf of health-care workers in Ontario reported a 17.71 per cent rate of return for 2014.
The Healthcare of Ontario Pension Plan says the $9.1 billion in investment income exceeded its portfolio benchmark by more than $1 billion, and drove net assets to a record $60.8 billion from $51.6 billion at the end of 2013
HOOPP said the funded position of the pension plan remained stable at 115 per cent, up from 114 per cent in 2013.
President and CEO Jim Keohane attributed the results to the “liability driven investing” approach that the plan adopted several years ago.
“2014 was a year that highlighted the merits of the LDI approach,” Keohane said. “Sharp declines in interest rates, that were highly beneficial to our fixed income portfolio, offset the negative impact of the rate declines on our pension obligations.”
HOOPP’s approach utilizes two investment portfolios: a liability hedge portfolio that seeks to mitigate risks associated with pension obligations, and a return-seeking portfolio to help to keep contribution rates stable and affordable…
The Healthcare of Ontario Pension Plan says the $9.1 billion in investment income exceeded its portfolio benchmark by more than $1 billion, and drove net assets to a record $60.8 billion from $51.6 billion at the end of 2013
HOOPP said the funded position of the pension plan remained stable at 115 per cent, up from 114 per cent in 2013.
President and CEO Jim Keohane attributed the results to the “liability driven investing” approach that the plan adopted several years ago.
“2014 was a year that highlighted the merits of the LDI approach,” Keohane said. “Sharp declines in interest rates, that were highly beneficial to our fixed income portfolio, offset the negative impact of the rate declines on our pension obligations.”
HOOPP’s approach utilizes two investment portfolios: a liability hedge portfolio that seeks to mitigate risks associated with pension obligations, and a return-seeking portfolio to help to keep contribution rates stable and affordable…
Hotels, restaurants and wholesalers expand as consumer spending lifts US economy
– canadianbusiness.com
WASHINGTON – U.S. services firms’ activity rose at a slightly faster rate in February, powered by hotels, restaurants and wholesalers.
The Institute for Supply Management said Wednesday that its services index rose to 56.9 in February, up from January’s reading of 56.7. Any reading over 50 indicates expansion.
The survey suggests further growth in employment and imports, as a strong hiring streak over the past year has bolstered consumer spending.
“The bottom line is that the US economy remains in good health,” said Paul Dales, senior U.S. economist at Capital Economics.
The ISM is a trade group of purchasing managers. Its survey of services firms covers businesses that employ 90 per cent of the American workforce, including retail, construction, health care and financial services companies.
Fourteen sectors reported growth in February, while four said activity lessened. In addition to hotels, restaurants and wholesalers, the sectors reporting growth include real estate, utilities, agriculture and financial sectors…
The Institute for Supply Management said Wednesday that its services index rose to 56.9 in February, up from January’s reading of 56.7. Any reading over 50 indicates expansion.
The survey suggests further growth in employment and imports, as a strong hiring streak over the past year has bolstered consumer spending.
“The bottom line is that the US economy remains in good health,” said Paul Dales, senior U.S. economist at Capital Economics.
The ISM is a trade group of purchasing managers. Its survey of services firms covers businesses that employ 90 per cent of the American workforce, including retail, construction, health care and financial services companies.
Fourteen sectors reported growth in February, while four said activity lessened. In addition to hotels, restaurants and wholesalers, the sectors reporting growth include real estate, utilities, agriculture and financial sectors…
Bank, energy shares pull TSX lower in choppy trade – Reuters Canada
– news.google.ca
Financial PostBank, energy shares pull TSX lower in choppy tradeReuters CanadaTORONTO (Reuters) – Canada's main stock index fell in volatile trading on Wednesday as shares of banks declined after recent quarterly earnings reports and energy shares slipped after the price of crude oil dropped. Bank shares have been choppy since …TSX moves lower in broad-based decline; dollar rises as BoC holds line on ratesWinnipeg Free PressCANADA STOCKS-Bank, energy shares pull TSX lower in choppy tradeReutersall 53 news articles »
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.
It’s the Bank of Canada’s big rate decision day
– macleans.ca
The day you’ve been waiting for is finally here.
Speculation over the Bank of Canada has been heating up over the last couple of weeks – will they cut the rate or won’t they? – after the surprise rate cut to 0.75 per cent at the last meeting. But there was no need: Stephen Poloz announced this morning that the rate will stay as is. We’ll talk about this more tomorrow.
Today is a heady week for Big Tech, with the Mobile World Congress continuing today, a day after the NASDAQ climbed over 5,000 for the first time in 15 years, surpassing the height of the dot-com bubble. But in Canada, markets were looking less springy, with the TSX/S&P Composite Index dropping more than 100 points at closing yesterday, after Scotiabank’s profits failed to meet analyst expectations. This despite news from Statistics Canada that growth in the fourth quarter was better than expected, with 0.6 per cent growth in the quarter – a 2.4 cent annualized rate. GDP was just one of a spate of data released yesterday, including strong auto sales – in February, the Canadian auto market pushed to just short of two consecutive years of growth, and the strongest February for sales in seven years…
