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
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Canadians love their real estate and they love renting their properties to make some extra money. However, that comes with some tax audit risk and the need to stay in the know of current tax law. Here’s what you should be thinking about for your 2024 and 2025 income taxes, as well as the forms you.... More »
The U.S. wants Venezuelan oil. Does that undercut Canada's leverage in trade talks? - CBC Jan 10th
The U.S. wants Venezuelan oil. Does that undercut Canada's leverage in trade talks? CBCCanadian oilsands producers lose $8B of stock market value in 4 days Calgary HeraldThe past and potential of Venezuela’s oil sector, and what it means for Canada CTV NewsVenezuel.... More »
A long trade war could mean more financial stress: Bank of Canada + MORE May 8th
The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said Thursday (May 8).
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Ask MoneySense
I’m 58 years old. I will retire in five to seven years. My RRSP, TFSA, defined benefit pension plan and a house are my financial properties. I plan to leave some of my wealth to my two children. How do I go about doing that and still retain my financial independence and dignity?
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Canadian dollar down, market indexes lower
– canadianbusiness.com
TORONTO – The Canadian dollar was trading below 77 cents US and North American stock indexes fell Tuesday.
The loonie was at 76.71 cents US shortly after Canadian and American stock markets opened, down 0.59 from Friday’s close before the Canadian Thanksgiving holiday weekend.
The Toronto Stock Exchange’s S&P/TSX composite index was down 59.62 points at 13,904.74 in the first trading since Friday, which ended the market’s best week of the year.
The Dow Jones average of 30 stocks was down 27.73 at 16,942.0 from Monday’s close, the broader S&P 500 index declined 4.73 points to 2,012.73 and Nasdaq lost 11.38 points to 4,827.26.
On the commodity markets Tuesday, the December gold contract was at US$1,165.60 an ounce, up $9.70 from Friday’s close and up $1.10 from Monday.
The November crude contract was at US$47.55 a barrel, down $2.08 from Friday’s close but up 45 cents from Monday, and the October contract for natural gas was $2.55, up one cent from Monday…
The loonie was at 76.71 cents US shortly after Canadian and American stock markets opened, down 0.59 from Friday’s close before the Canadian Thanksgiving holiday weekend.
The Toronto Stock Exchange’s S&P/TSX composite index was down 59.62 points at 13,904.74 in the first trading since Friday, which ended the market’s best week of the year.
The Dow Jones average of 30 stocks was down 27.73 at 16,942.0 from Monday’s close, the broader S&P 500 index declined 4.73 points to 2,012.73 and Nasdaq lost 11.38 points to 4,827.26.
On the commodity markets Tuesday, the December gold contract was at US$1,165.60 an ounce, up $9.70 from Friday’s close and up $1.10 from Monday.
The November crude contract was at US$47.55 a barrel, down $2.08 from Friday’s close but up 45 cents from Monday, and the October contract for natural gas was $2.55, up one cent from Monday…
Wells Fargo to buy $32-billion GE assets, add 3,000 Workers
– theglobeandmail.com
The sale includes commercial-distribution, vendor and corporate finance units from GE Capital
Twitter laying off up to 336 people, 8 per cent workforce as new CEO cracks down on expenses
– canadianbusiness.com
SAN FRANCISCO – Twitter is laying off up to 336 employees, signalling CEO Jack Dorsey’s resolve to slash costs while the company struggles to make money.
The cutbacks announced Tuesday could equate to about 8 per cent of Twitter’s workforce of 4,100 people.
The purge comes two weeks after Twitter brought back one of its co-founders as permanent CEO in hopes that Dorsey would be able to resolve problems that have slowed user growth at the messaging service and compounded an uninterrupted cycle of financial losses.
Cutting costs can boost profits but at Twitter, it has also raised uncertainty about the future, the company’s desire for aggressive growth and the larger audience it has sought for so long.
The layoffs may be a sign of desperation at a sinking company, said Edison Investment Research analyst Richard Windsor.
“It is important to run a tight ship, but simply cutting jobs is often the action of a company that does not know what else to do,” Windsor said…
The cutbacks announced Tuesday could equate to about 8 per cent of Twitter’s workforce of 4,100 people.
The purge comes two weeks after Twitter brought back one of its co-founders as permanent CEO in hopes that Dorsey would be able to resolve problems that have slowed user growth at the messaging service and compounded an uninterrupted cycle of financial losses.
Cutting costs can boost profits but at Twitter, it has also raised uncertainty about the future, the company’s desire for aggressive growth and the larger audience it has sought for so long.
The layoffs may be a sign of desperation at a sinking company, said Edison Investment Research analyst Richard Windsor.
“It is important to run a tight ship, but simply cutting jobs is often the action of a company that does not know what else to do,” Windsor said…
The Globe and MailLiberals have been better bet than Tories for stock investorsThe Globe and MailIf history is any guide, a win by Justin Trudeau and the Liberals in next week's election bodes well for Canadian stocks. Stretching back to 1922 and the time of William Lyon Mackenzie King's first term in office, stock returns have been three times …Justin Trudeau angles for NDP voters in TorontoCBC.caFive keys things Harper's Conservatives must do to win on Oct. 19CTV NewsThree things to watch in the final election weekMacleans.caThe Guardian Charlottetown -Huffington Post Canada -Nanaimo News Bulletinall 920 news articles »
Join us at the MoneyShow University in Toronto
– moneysense.ca
Join MoneySense at the MoneyShow University on Oct 31st at the Metro Toronto Convention Centre for a free educational workshop for students and young professionals. Interact with author, Robert Brown, along with other investment industry experts, and learn how to enhance your financial literacy.
Click for more details and register for free today!
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Click for more details and register for free today!
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