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
Poilievre flogs enhanced child care benefit as boost to the economy + MORE Jul 13th
OTTAWA – Employment Minister Pierre Poilievre is touting the Conservative government’s enhanced child care benefit as boost for the economy while warning that Canadians should take heed of offshore financial chaos.
He used an event on Sunday at an Ottawa-based department store chain to f.... More »
What’s Russell Peters doing now? Investing, and it’s a laugh + MORE Jul 15th
Money is no joke—or is it? For Brampton, Ont., native and celebrated comedian Russell Peters, money is as funny as it is serious because, well, everything is funny through his perspective (iykyk). He’s very into real estate (the stand-up comic loves collecting houses) and has recently bought two.... More »
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Montreal was one of Canada’s hottest real estate markets last year as low unemployment and economic growth translated into the area’s best sales growth in a decade.
Total sales in the Greater Montreal Area increased eight per cent to 44,448 on the strength of condominium sales and good o.... More »
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Nearly half of Canadians aren't taking steps to meet financial goals: CIBC poll + MORE Dec 29th
A new report from CIBC says about half
of Canadians aren't taking sufficient
steps to stay on top of their financial
priorities in the coming year..... More »
Canadian dollar down ahead of North American stock market open
– canadianbusiness.com
TORONTO – The Canadian dollar was down more than half a U.S. cent ahead of Tuesday’s trading on North American stock markets.
The loonie traded at 78.50 cents US, down 0.54 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were up 32 points at 17,659.0, the Nasdaq futures rose 2.2 points to 4,425.0, and the S&P 500 futures declined 4.7 points to 2,069.3.
On the commodity markets, the August crude contract was down 38 cents at US$52.15 a barrel and the August gold contract fell $8.30 to US$1,164.90 an ounce.
The S&P/TSX composite index closed Monday at 14,593.57, after falling 88.82 points.
The post Canadian dollar down ahead of North American stock market open appeared first on Canadian Business – Your Source For Business News.
The loonie traded at 78.50 cents US, down 0.54 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were up 32 points at 17,659.0, the Nasdaq futures rose 2.2 points to 4,425.0, and the S&P 500 futures declined 4.7 points to 2,069.3.
On the commodity markets, the August crude contract was down 38 cents at US$52.15 a barrel and the August gold contract fell $8.30 to US$1,164.90 an ounce.
The S&P/TSX composite index closed Monday at 14,593.57, after falling 88.82 points.
The post Canadian dollar down ahead of North American stock market open appeared first on Canadian Business – Your Source For Business News.
CTV NewsEurozone leader says it's up to Greece to bring credible proposalsCTV NewsThe Latest: Eurozone's Dijsselbloem says it's up to Greece to bring credible proposals. BRUSSELS — The latest on the Greek financial crisis (all times Brussels local): ——. 1:05 p.m.. Jeroen Dijsselbloem, the eurozone's top official, says the …Greek financial crisis: How the country moves forward after the No voteCBC.caAn Analyst Suggests Turning to a MediatorNew York TimesGreek PM heads to emergency meeting with eurozone leadersToronto StarWall Street Journal -Reuters -Los Angeles Timesall 13,147 news articles »
Malaysian authorities freeze 6 bank accounts in probe over fund transfer to prime minister
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Malaysian authorities have frozen six bank accounts as part of an investigation into allegations that hundreds of millions of dollars were transferred from a state investment fund to the personal accounts of Prime Minister Najib Razak.
Attorney General Abdul Gani Patail said Tuesday a special taskforce investigating the investment fund 1MDB for alleged impropriety has also seized documents related to 17 accounts at two banks for further investigation.
The taskforce also took documents related to non-compliance with central bank rules by the two banks, he said in a statement that was also signed by the central bank governor, the country’s police chief and the head of the anti-corruption agency.
The statement didn’t name the banks or say who the accounts belong to. The statement said the frozen accounts belong to “parties believed to be involved in this case.” It said the investigation is continuing.
Abdul Gani confirmed on the weekend he had received documents from investigators that link Najib and 1MDB funds…
Attorney General Abdul Gani Patail said Tuesday a special taskforce investigating the investment fund 1MDB for alleged impropriety has also seized documents related to 17 accounts at two banks for further investigation.
The taskforce also took documents related to non-compliance with central bank rules by the two banks, he said in a statement that was also signed by the central bank governor, the country’s police chief and the head of the anti-corruption agency.
The statement didn’t name the banks or say who the accounts belong to. The statement said the frozen accounts belong to “parties believed to be involved in this case.” It said the investigation is continuing.
Abdul Gani confirmed on the weekend he had received documents from investigators that link Najib and 1MDB funds…
The jubilance expressed by the supporters of the No side in Greece’s historic referendum may be short-lived, as the country faces the sobering realities of its precarious financial situation.
Standard & Poor’s has lowered Ontario’s financial rating to A+ from AA-, citing its heavy debt burden and budgetary “underperformance” compared with peers in other jurisdictions.
