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Latest News
North American stock markets search for direction + MORE Feb 10th
Stock markets in Toronto and New York see-sawed in and out of negative territory as oil prices slipped further and investors examined remarks from the chair of the U.S. Federal Reserve for interest rate clues..... More »
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. - The New York Times Apr 17th
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. The New York TimesCanada to host September summit in Toronto to help draw billions in foreign investment, Carney says The Globe and MailCarney's pitch to unlock trillions in global investment CB.... More »
Toronto area home price index rises 31.7 per cent in April + MORE May 4th
New figures released this morning show that Toronto-area home prices continued to soar by double digits in April but the number of sales was down slightly compared with the same month last year.
The Toronto Real Estate Board says the average price in the area rose to $920,791 and its price index ros.... More »
Stock futures inch higher as S&P 500 and Nasdaq face worst month in 2023: Live updates - CNBC + MORE Sep 28th
Stock futures inch higher as S&P 500 and Nasdaq face worst month in 2023: Live updates CNBCThe close: Stocks higher as bond yield surge pauses ahead of U.S. inflation report The Globe and MailStocks Tread Water Before the Open as Investors Await Key U.S. GDP Data, Nike Earn.... More »
Lyft hikes final IPO price to $72 a share as excitement rises Mar 28th
Lyft is lifting the price target for its initial public offering in a sign of the excitement surrounding the stock market debut of a ride-hailing service that's gaining ground on its rival Uber..... More »
Greece’s main stock index plunged more than 16 per cent on Monday, the first day of trading after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest economic crisis.
Energy stocks slump, leading US market mostly lower; Tyson Foods slumps after cutting outlook
– canadianbusiness.com
NEW YORK, N.Y. – U.S. stocks edged lower on Monday, led by a slumping energy sector as the price of oil continued to fall. Investors were also watching the latest earnings releases. Tyson Foods dropped after cutting its earnings outlook for the year.
KEEPING SCORE: The Standard & Poor’s 500 index was down one point, or 0.1 per cent, at 2,101 as of 12:11 p.m. Eastern. The Dow Jones industrial average dropped 77 points, or 0.4 per cent, to 17,613. The Nasdaq composite rose two points, or 0.1 per cent, 5,131.
ENERGY: Benchmark U.S. crude shed $1.55 cents to $45.60 a barrel on the New York Mercantile Exchange, near its lowest price in more than four months. The price of oil slumped 21 per cent in July on evidence of a global supply glut and speculation that global demand is set to weaken.
THE QUOTE: The big slump in oil prices has pushed down gas prices, putting more money in consumer’s pockets. That hasn’t led to a pickup spending yet, suggesting that consumers are saving the extra cash rather than spending it…
KEEPING SCORE: The Standard & Poor’s 500 index was down one point, or 0.1 per cent, at 2,101 as of 12:11 p.m. Eastern. The Dow Jones industrial average dropped 77 points, or 0.4 per cent, to 17,613. The Nasdaq composite rose two points, or 0.1 per cent, 5,131.
ENERGY: Benchmark U.S. crude shed $1.55 cents to $45.60 a barrel on the New York Mercantile Exchange, near its lowest price in more than four months. The price of oil slumped 21 per cent in July on evidence of a global supply glut and speculation that global demand is set to weaken.
THE QUOTE: The big slump in oil prices has pushed down gas prices, putting more money in consumer’s pockets. That hasn’t led to a pickup spending yet, suggesting that consumers are saving the extra cash rather than spending it…
UK government to start selling shares in nationalized Royal Bank of Scotland
– canadianbusiness.com
LONDON – The British government said Monday it will start selling its majority stake in taxpayer-owned Royal Bank of Scotland — the first step in recovering money from the country’s costliest-ever bank rescue.
The UK Financial Investments, which manages the government’s stakes in banks bailed out during the 2008 financial crisis, will start immediately by placing to large investors a 5.2 per cent stake in the bank — worth about 2 billion pounds ($3.1 billion) at Monday’s share price.
As a result, the government’s overall holding will be reduced from 78.3 per cent to approximately 73.2 per cent.
Treasury Chief George Osborne had earlier this year outlined plans to sell part of its stake in RBS.
Even though RBS’s shares are trading for less than the government paid for them, some analysts believe selling a small stake now will make it easier and more profitable to sell the rest of the government holding in the future.
The Treasury injected about 45…
The UK Financial Investments, which manages the government’s stakes in banks bailed out during the 2008 financial crisis, will start immediately by placing to large investors a 5.2 per cent stake in the bank — worth about 2 billion pounds ($3.1 billion) at Monday’s share price.
As a result, the government’s overall holding will be reduced from 78.3 per cent to approximately 73.2 per cent.
Treasury Chief George Osborne had earlier this year outlined plans to sell part of its stake in RBS.
Even though RBS’s shares are trading for less than the government paid for them, some analysts believe selling a small stake now will make it easier and more profitable to sell the rest of the government holding in the future.
The Treasury injected about 45…
July 2015 Dividend Income Update
– myownadvisor.ca
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How many stocks should you own? I get this question often from readers.
If you’re an indexer the answer is probably as many as possible. In The Investor’s Manifesto author William Bernstein writes “since we cannot predict in advance which stock and bond asset classes will perform the best, we diversify.” Investors can therefore reduce stock ownership risk by owing the whole market not just a few select companies. Seems like a smart thing to do, so I follow Bernstein’s advice. I own thousands of companies via my low-cost, broad market indexed products and I have no intention of changing or selling those products. Each quarter, distributions from these products are paid and reinvested to buy more units. This compounding machine for a few of our Exchange Traded Funds (ETFs) was set in motion 4-5 years ago and forms the foundation of our Registered Retirement Savings Plans (RRSPs)…
How many stocks should you own? I get this question often from readers.
If you’re an indexer the answer is probably as many as possible. In The Investor’s Manifesto author William Bernstein writes “since we cannot predict in advance which stock and bond asset classes will perform the best, we diversify.” Investors can therefore reduce stock ownership risk by owing the whole market not just a few select companies. Seems like a smart thing to do, so I follow Bernstein’s advice. I own thousands of companies via my low-cost, broad market indexed products and I have no intention of changing or selling those products. Each quarter, distributions from these products are paid and reinvested to buy more units. This compounding machine for a few of our Exchange Traded Funds (ETFs) was set in motion 4-5 years ago and forms the foundation of our Registered Retirement Savings Plans (RRSPs)…
