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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Cenovus selling Palliser assets in Alberta to Torxen for $1.3B + MORE Oct 19th
Cenovus Energy Inc. says it has agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for $1.3 billion..... More »
The best no-fee credit cards in Canada for 2024 + MORE Jul 17th
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The best no-fee credit cards in Canada for 2024
From cash back to rewards points (and perks like no foreign transaction fees), here's a list of Canada's best no fee cards.
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Year-over-year housing sales in Greater Toronto Area down 22.2 per cent in May - CBC.ca + MORE Jun 4th
CBC.caYear-over-year housing sales in Greater Toronto Area down 22.2 per cent in MayCBC.caThe Toronto Real Estate Board (TREB) reports that May housing sales in the Greater Toronto Area were down 22.2 per compared to May of last year. TREB says that while the number of sales was down year-over-year .... More »
Notley responds to Ottawa's promise to compensate Kinder Morgan against political delays - CBC.ca + MORE May 16th
CBC.caNotley responds to Ottawa's promise to compensate Kinder Morgan against political delaysCBC.caAlberta Premier Rachel Notley is responding to an announcement this morning by the federal finance minister that Ottawa is willing to compensate backers of the Trans Mountain pipeline project aga.... More »
Does divorce after a long separation make sense? + MORE Feb 24th
Q: I have been legally separated since 1999. The children are aged 27, 31, 33 so no custody or child support issues. All common assets were divided in 1999. We have lived completely separate lives with no money exchanging since child support ended. What is the simplest way to file for divorce? I h.... More »
Asian stock markets mostly fall after weak China factory data, await Thursday’s Fed decision
– canadianbusiness.com
BEIJING, China – Asian stocks were mostly lower Monday after China reported weak factory output and as investors looked ahead to a U.S. Federal Reserve decision this week on whether to raise interest rates.
KEEPING SCORE: Tokyo’s Nikkei 225 fell 1.2 per cent to 18,045.60 and China’s Shanghai Composite Index lost 2.3 per cent to 3,126.35. South Korea’s Kospi shed 0.7 per cent to 1,928.13. Hong Kong’s Hang Seng declined 0.3 per cent to 21,447.19. Taiwan’s index fell while markets in Southeast Asia were mixed. Australia’s S&P/ASX 200 rose 0.1 per cent to 5,074.70.
CHINESE MANUFACTURING: Factory output in August grew by a disappointing 6.1 per cent, prompting expectations Beijing will launch new stimulus measures for its cooling economy. Growth was below forecasts and analysts said even the level reported was due to comparison with an unusually weak period a year earlier. That came after August exports fell 5.5 per cent. The latest data “do cast doubts over the underlying strength of industrial activity,” said UBS in a report…
KEEPING SCORE: Tokyo’s Nikkei 225 fell 1.2 per cent to 18,045.60 and China’s Shanghai Composite Index lost 2.3 per cent to 3,126.35. South Korea’s Kospi shed 0.7 per cent to 1,928.13. Hong Kong’s Hang Seng declined 0.3 per cent to 21,447.19. Taiwan’s index fell while markets in Southeast Asia were mixed. Australia’s S&P/ASX 200 rose 0.1 per cent to 5,074.70.
CHINESE MANUFACTURING: Factory output in August grew by a disappointing 6.1 per cent, prompting expectations Beijing will launch new stimulus measures for its cooling economy. Growth was below forecasts and analysts said even the level reported was due to comparison with an unusually weak period a year earlier. That came after August exports fell 5.5 per cent. The latest data “do cast doubts over the underlying strength of industrial activity,” said UBS in a report…
Obamanet Is Hurting Broadband
– online.wsj.com
The predictable effect of more regulation has arrived: Investment
is plummeting.
China issues blueprint for state industry overhaul that would retain ruling party dominance
– canadianbusiness.com
BEIJING, China – China’s Communist Party has issued a long-awaited blueprint for overhauling bloated state industries that would retain the party’s dominance in the economy.
The plan comes at a time when the government of President Xi Jinping is under pressure to reverse an economic slowdown and reduce reliance on trade and investment to drive growth. Communist leaders have promised to give entrepreneurs and market forces a bigger role but insist state ownership will remain the core of the economy.
The plan issued late Sunday reflects the complex path the party walks in trying to develop the world’s second-largest economy while preserving its monopoly on power.
It calls for state companies to face more free-market competition, become financially self-supporting and be clearly divided between commercial competitors and those that serve social purposes. It gives no details of how individual companies will be treated and no timetable but promises a “decisive outcome” by 2020…
The plan comes at a time when the government of President Xi Jinping is under pressure to reverse an economic slowdown and reduce reliance on trade and investment to drive growth. Communist leaders have promised to give entrepreneurs and market forces a bigger role but insist state ownership will remain the core of the economy.
The plan issued late Sunday reflects the complex path the party walks in trying to develop the world’s second-largest economy while preserving its monopoly on power.
It calls for state companies to face more free-market competition, become financially self-supporting and be clearly divided between commercial competitors and those that serve social purposes. It gives no details of how individual companies will be treated and no timetable but promises a “decisive outcome” by 2020…
