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.
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Want to save money on gifts? Embrace holiday sales, and start early Nov 23rd
Have you started your holiday shopping yet? Plenty of Canadians are hitting “Add to cart” extra-early, whether they’re buying for Christmas, Kwanzaa or Hanukkah. Last year, supply-chain issues frustrated shoppers. The shipping delays have improved somewhat this year, but now inflation and tigh.... More »
Toronto stock index crawls higher as shares in Bombardier soar after Airbus deal + MORE Oct 17th
TORONTO – Canada’s main stock index eked out a minor gain today, as shares of Bombardier Inc. soared following its CSeries deal with Airbus.
Shares in Bombardier (TSX:BBD.B) were the most heavily traded stock on the Toronto Stock Exchange as they gained nearly 16 per cent or 37 cents at .... More »
Canopy Growth narrows losses in third quarter as revenue rises - Article - BNN - BNNBloomberg.ca Feb 14th
Canopy Growth narrows losses in third quarter as revenue rises - Article - BNN BNNBloomberg.caCanopy Growth shares surge 20% pre-market, sales up 62% in Q3 Yahoo Canada FinanceCanopy Growth Reports Third Quarter Fiscal 2020 Financial Results Canada NewsWireCanopy Gro.... More »
Rates are heading up. Time to buy bonds? Nov 23rd
Even in the worst years, a bond portfolio will probably only loss a few percentage points, while stock market losses could reach 50 per cent or more, writes Gordon Pape..... More »
Bad Credit Scores Can Also Be Granted a Loan Mar 2nd
Most of the time, you will get discouraged when you think that you have a bad credit score. There are times when you need to get a loan and is just too scared to discover that you have a bad credit score from the past years or months. However, there are still money lenders that can provide you with .... More »
Fitch keeps Ontario debt rating at AA- following downgrade by S&P on Monday
– canadianbusiness.com
TORONTO – A New York ratings company has affirmed Ontario’s debt rating at AA- and says the rating outlook for the province is stable.
Fitch Ratings says Ontario has demonstrated “the ability to exert considerable, ongoing expenditure restraint while instituting revenue changes as necessary to achieve its deficit reduction objectives.”
However, it notes Ontario had an accumulated deficit equal to 157 per cent of operating revenues in fiscal 2015 due to slow revenue growth.
The Fitch rating on Tuesday follows Standard & Poor’s move on Monday to lower Ontario’s financial rating to A+ from AA-.
S&P cited the province’s heavy debt burden and budgetary “underperformance” compared with peers in other jurisdictions for the downgrade.
Finance Minister Charles Sousa welcomed the Fitch rating, saying in a statement that it is “an expression of confidence” in the government’s plan to eliminate the deficit by 2017-18 while investing in the economy to create jobs…
Fitch Ratings says Ontario has demonstrated “the ability to exert considerable, ongoing expenditure restraint while instituting revenue changes as necessary to achieve its deficit reduction objectives.”
However, it notes Ontario had an accumulated deficit equal to 157 per cent of operating revenues in fiscal 2015 due to slow revenue growth.
The Fitch rating on Tuesday follows Standard & Poor’s move on Monday to lower Ontario’s financial rating to A+ from AA-.
S&P cited the province’s heavy debt burden and budgetary “underperformance” compared with peers in other jurisdictions for the downgrade.
Finance Minister Charles Sousa welcomed the Fitch rating, saying in a statement that it is “an expression of confidence” in the government’s plan to eliminate the deficit by 2017-18 while investing in the economy to create jobs…
Tourists shielded from Greek crisis cancelling trips
– moneysense.ca
(Getty Images/Marco Simoni)ATHENS, Greece – Greece is known the world over for its historic sites, sparkling sea, and lovely, vine-shaded restaurants. Add riot police, shuttered banks, and lines at cash machines and the picture clouds.
This is the reality facing tourism in Greece this year, as the peak summer season in the popular destination is threatened by a financial crisis of frightening proportions. Up until now, the charming cafes and outdoor restaurants near the Acropolis have remained overflowing with tourists, but considering the bad publicity of the past week’s events, many businesses say they are beginning to see cancellations and a slowdown in reservations.
“Our future bookings are down 20 to 30 per cent,” said Edward Fisher, who owns and operates Athens Backpackers and Athens Studios, with prime locations near the Acropolis that cater mostly to youthful travellers without mega-budgets.
He blamed the global media for the marked slowdown, and said he believes it will only be a “temporary blip” because of Greece’s timeless appeal…
The Toronto stock market finishes slightly higher despite trading deep in the red for most of the day on falling commodity prices, a disappointing trade report and more uncertainty over the Greek debt crisis.
Raining on the ‘All Seasons’ portfolio
– moneysense.ca
(JDawnInk/Getty Images)Investors are hungry for success stories, especially tales that include high returns with low risk. And the investment industry is always happy to stoke that appetite.
One of the most popular stories today is the so-called All Seasons portfolio, whose virtues are trumpeted in the massive bestseller Money: Master the Game, by motivational speaker Tony Robbins. The book has been out since last November and I thought the hype would blow over quickly, but I’m still getting inquiries about it, so I thought I’d take a closer look.
The All Seasons portfolio was created by Ray Dalio of Bridgewater Associates, one of the largest hedge fund managers in the world. It’s based on Dalio’s similarly named All Weather fund, which reportedly has more than $80 billion USD in assets. The portfolio has the following asset mix:
30% Stocks
40% Long-term bonds
15% Intermediate bonds
7.5% Gold
7.5% Commodities
In a backtest covering the 30 years from 1984 through 2013, the All Seasons portfolio had an annualized return of 9…
CTV NewsGreece given Sunday deadline to come up with new debt-crisis planCTV NewsBRUSSELS — Frustrated and angry eurozone leaders fearing for the future of their common currency gave the Greek prime minister a last-minute chance Tuesday to finally come up with a viable proposal on how to save his country from financial ruin.Greece gets until Sunday to come up with proposal to stave off collapseCBC.caEuro zone gives Greece until Sunday for debt dealReuters CanadaGreece is trapped by the euroWashington PostEconomic Times -BBC Newsall 14,477 news articles »
