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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Making sense of the markets this week: September 28 Sep 27th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Is beating the market a thing of the past?
There are many reasons why it gets harder and harder to beat the market. Even for the likes of Berkshire Hathaway’s Warren Buffett.... More »
Baldrey: Bill Bennett was a visionary builder, but also a tough opponent - Globalnews.ca + MORE Dec 5th
Globalnews.caBaldrey: Bill Bennett was a visionary builder, but also a tough opponentGlobalnews.caFormer British Columbia premier Bill Bennett, shown in this 1979 file photo, known as an architect of financial restraint in the province, has died in his hometown of Kelowna at the age of 83. THE CANAD.... More »
Banks poised to report strong Q2 despite housing slowdown: analysts + MORE May 22nd
Canada's biggest banks are upping the ante in the mortgage wars amid slowing growth and national housing sales at lows not seen in several years, but analysts say real estate market woes won't dent lenders' earnings, just yet..... More »
What happens when you need additional contents insurance? Apr 1st
When Anita Clarke bought her first townhome in Toronto’s west end last year, she started researching insurance policies. The 47-year-old senior managing editor at Shopify previously had tenant insurance with a contents limit of $90,000. But, as she moved into her new home, she wanted to make .... More »
Ontario appoints supervisor to run Conestoga College after audit exposing ‘serious mismanagement’ - Toronto Star May 7th
Ontario appoints supervisor to run Conestoga College after audit exposing ‘serious mismanagement’ Toronto StarOntario appoints administrator to run Conestoga College, citing financial mismanagement The Globe and MailLILLEY: Conestoga board approved John Tibbits’ $3M payou.... More »
Commercial bank BB&T plans $1.8B acquisition of National Penn as part of mid-Atlantic growth
– canadianbusiness.com
WINSTON-SALEM, N.C. – The commercial bank BB&T will renew its push into mid-Atlantic states with a roughly $1.8 billion acquisition of National Penn, which runs branches in Pennsylvania, New Jersey and Maryland.
BB&T said it will pay either $13 in cash or a portion of its stock for each National Penn share. That represents a 19 per cent premium to the $10.92 closing price of National Penn shares on Monday.
Winston-Salem, North Carolina-based BB&T announced the acquisition late Monday, a couple of weeks after it closed its purchase of Susquehanna Bancshares Inc., a deal valued at about $2.5 billion.
Shares of BB&T Corp. fell 26 cents to $39.93 Tuesday morning while broader indexes also slipped. Meanwhile, shares of Allentown, Pennsylvania-based National Penn Bancshares Inc. jumped more than 16 per cent, or $1.82, to $12.74.
The post Commercial bank BB&T plans $1.8B acquisition of National Penn as part of mid-Atlantic growth appeared first on Canadian Business – Your Source For Business News.
BB&T said it will pay either $13 in cash or a portion of its stock for each National Penn share. That represents a 19 per cent premium to the $10.92 closing price of National Penn shares on Monday.
Winston-Salem, North Carolina-based BB&T announced the acquisition late Monday, a couple of weeks after it closed its purchase of Susquehanna Bancshares Inc., a deal valued at about $2.5 billion.
Shares of BB&T Corp. fell 26 cents to $39.93 Tuesday morning while broader indexes also slipped. Meanwhile, shares of Allentown, Pennsylvania-based National Penn Bancshares Inc. jumped more than 16 per cent, or $1.82, to $12.74.
The post Commercial bank BB&T plans $1.8B acquisition of National Penn as part of mid-Atlantic growth appeared first on Canadian Business – Your Source For Business News.
Toronto stock market trims early loss, loonie reverses trend to gain ground
– canadianbusiness.com
TORONTO – The Toronto Stock Exchange was down Tuesday morning amid concern about the strength of China’s economy.
The S&P/TSX composite index was down 34.96 points at 14,216.55, an improvement from a triple-digit drop earlier in the morning that followed a major decline in China’s Shanghai stock market.
The Dow Jones industrial average up 3.54 points at 17,548.72, the Nasdaq index fell 9.64 points to 5,082.06, and the S&P 500 declined 1.33 points to 2,101.11 — all up from their early lows.
Earlier, the Shanghai market in China dropped more than six per cent and Hong Kong’s Hang Seng fell 1.43 per cent on Tuesday, raising concerns about the strength of the world’s second-largest economy.
Canada’s dollar traded at 76.49 cents US, up 0.07 of a U.S. cent from Monday’s close. The loonie had also been down earlier.
On the commodity markets, the December gold contract fell $4.10 to US$1,114.30 an ounce, the September crude contract was up 24 cents at US$42…
The S&P/TSX composite index was down 34.96 points at 14,216.55, an improvement from a triple-digit drop earlier in the morning that followed a major decline in China’s Shanghai stock market.
The Dow Jones industrial average up 3.54 points at 17,548.72, the Nasdaq index fell 9.64 points to 5,082.06, and the S&P 500 declined 1.33 points to 2,101.11 — all up from their early lows.
Earlier, the Shanghai market in China dropped more than six per cent and Hong Kong’s Hang Seng fell 1.43 per cent on Tuesday, raising concerns about the strength of the world’s second-largest economy.
Canada’s dollar traded at 76.49 cents US, up 0.07 of a U.S. cent from Monday’s close. The loonie had also been down earlier.
On the commodity markets, the December gold contract fell $4.10 to US$1,114.30 an ounce, the September crude contract was up 24 cents at US$42…
The Globe and MailCanada Stocks Fall to a 3-Week Low as Commodities Extend SlideBloombergThe deepening rout in commodities from copper to silver sent Canadian stocks tumbling to a three-week low. The miners and energy producers that make up about one-third of Canada's benchmark stock index led losses as metals prices plunged to levels last …TSX opens lower as gold miners among biggest dragsReuters CanadaLoonie steady, US index futures down ahead of North American openCTV NewsLoonie slides toward 76 cents US as markets falterPress ExamineriFreePress.com (blog) -Nasdaqall 87 news articles »
The Canada Pension Plan Investment Board is venturing into the Malaysian real estate business for the first time.
Home Depot hikes sales, profit outlook as U.S. housing recovery takes hold
– theglobeandmail.com
Home repair retailer says second-quarter earnings came in at $1.73 (U.S.) a share, exceeding analysts’ expectations
