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
Yahoo CEO could reap $44 million if she leaves after sale Sep 10th
SAN FRANCISCO – Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.
Mayer hasn’t announced plans to leave, but industry observers say she’s unlikely to stay after the $4.8 .... More »
Weinstein Co. expected to file for bankruptcy + MORE Feb 26th
The Weinstein Co.'s board of directors says it is expected to file for bankruptcy protection after last-ditch talks to sell its assets collapsed..... More »
Prime Minister Trudeau to travel to India for state visit in February - CTV News + MORE Jan 22nd
CTV NewsPrime Minister Trudeau to travel to India for state visit in FebruaryCTV NewsOTTAWA - Prime Minister Justin Trudeau will travel to India for a state visit next month. Trudeau has made deepening economic ties with India a priority and recently completed his second visit to China as part of di.... More »
Investing in CBD — How to Do It & What to Consider + MORE Aug 31st
The cannabidiol market in the U.S.A is growing bigger. Investors are turning their attention to the CBD industry to look at the lucrative opportunities it may present. Although CBD has been around for a long time, federal legalization of the substance has opened more doors toward increasing its popu.... More »
Prairie farmers take financial hit as oil and gas slowdown stalls drilling rigs + MORE Oct 9th
CALGARY – For 56-year-old farmer Shannon Webb, waking up Friday to six inches of snow coating his grain fields near Wynyard, Sask., the frustration of an interrupted harvest wins out, for now, over worry about the ongoing oil-and-gas drilling downturn.
Like many Prairie farmers, Webb has used .... More »
At midday: TSX falls as energy stocks tumble – The Globe and Mail
– news.google.ca
The Globe and MailAt midday: TSX falls as energy stocks tumbleThe Globe and MailThe rout in Canadian energy producers worsened on Wednesday amid concern the global supply glut will persist, sending the nation's benchmark stock index to a third day of losses. Energy stocks tumbled to an April 2009 low and a seventh day of losses …North American markets fall, TSX has triple-digit decline; loonie downVancouver SunCANADA STOCKS-TSX drops 1 percent, squeezed by financial, energy lossesReutersCanadian dollar down, index futures negative ahead of North American market openThe Chronicle Journalall 162 news articles »
6 mistakes new condo investors make
– moneysense.ca
Mistake #1: Condo investors trust the floor plan
Ken Grunber, who works at a video production house in Toronto, found out too late that the new condo unit he bought wasn’t nearly as large as advertised. When he and his partner moved in and measured the area, they discovered it wasn’t 700 square feet after all. The condo was actually 560 square feet—if you don’t count the balcony and bathroom.
“That’s not unusual,” says Martin Rumack, a real estate lawyer with over three decades experience in new build construction. “Condo sales staff will often include balcony or terrace measurements as part of the total square footage.” They’ll also base room measurements on external walls. “You can’t rely on their verbal assurances, on the floor models, or on the sale pitch or brochure.”
While listings for resale homes and condos can not include hallway, bathroom, basement or outside space (such as decks and balconies) as part of the listed square footage, no similar restrictions apply to new build or pre-sale condo listings…
Ken Grunber, who works at a video production house in Toronto, found out too late that the new condo unit he bought wasn’t nearly as large as advertised. When he and his partner moved in and measured the area, they discovered it wasn’t 700 square feet after all. The condo was actually 560 square feet—if you don’t count the balcony and bathroom.
“That’s not unusual,” says Martin Rumack, a real estate lawyer with over three decades experience in new build construction. “Condo sales staff will often include balcony or terrace measurements as part of the total square footage.” They’ll also base room measurements on external walls. “You can’t rely on their verbal assurances, on the floor models, or on the sale pitch or brochure.”
While listings for resale homes and condos can not include hallway, bathroom, basement or outside space (such as decks and balconies) as part of the listed square footage, no similar restrictions apply to new build or pre-sale condo listings…
Target boosts profit outlook as turnaround gains traction
– theglobeandmail.com
Rosier forecast comes as U.S. retailer posts sharply higher second-quarter earnings
Canadian Solar stock plunges as spinoff plan wavers
– theglobeandmail.com
CFO says company has ‘alternative plans’ to dividend-paying ‘yieldco’ because of volatility around valuations
Manitoba credit unions hope second run at merging will be money in the bank
– canadianbusiness.com
WINNIPEG – Another attempt will be made next month to create what is being touted as the largest credit union in Manitoba and the sixth largest in Canada.
Members of the Assiniboine and Access credit unions will cast ballots in a second vote on whether the financial institutions should merge.
The first attempt on April 22 saw Assiniboine members vote 95 per cent in favour, but the vote by Access members fell just short of the 66.7 per cent margin needed to pass the resolution.
Access says in a release that the results surprised many of its members, who immediately called on their board to try again.
The question will be put to Access members on Sept. 16 and those with Assiniboine five days later.
Nearly 155,000 members from both credit unions are eligible to cast ballots.
Assiniboine has 20 branches in Winnipeg, while Access has outlets in the communities of Winkler, Altona, Carman, Vita, Oak Bluff and Miami. (CJOB, The Canadian Press)
The post Manitoba credit unions hope second run at merging will be money in the bank appeared first on Canadian Business – Your Source For Business News.
Members of the Assiniboine and Access credit unions will cast ballots in a second vote on whether the financial institutions should merge.
The first attempt on April 22 saw Assiniboine members vote 95 per cent in favour, but the vote by Access members fell just short of the 66.7 per cent margin needed to pass the resolution.
Access says in a release that the results surprised many of its members, who immediately called on their board to try again.
The question will be put to Access members on Sept. 16 and those with Assiniboine five days later.
Nearly 155,000 members from both credit unions are eligible to cast ballots.
Assiniboine has 20 branches in Winnipeg, while Access has outlets in the communities of Winkler, Altona, Carman, Vita, Oak Bluff and Miami. (CJOB, The Canadian Press)
The post Manitoba credit unions hope second run at merging will be money in the bank appeared first on Canadian Business – Your Source For Business News.
