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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Debt is another four-letter word for most of us + MORE Nov 30th
Learn, save, invest and prosper with My Own Advisor.
A while back on this site I wrote about my distaste for debt. For example, our bank owns close to half our home. Sure, there is “good debt” such as borrowing money for an appreciating asset (like a house) but a mortgage limits our cash flo.... More »
SVB collapse: Could bank failures happen in Canada? - CTV News + MORE Mar 15th
SVB collapse: Could bank failures happen in Canada? CTV NewsThe world struggles to predict financial fallout from California bank collapse CBC.caUS Regulators Start Soliciting Interest for Signature Bank Bids BNN BloombergOpinion: Silicon Valley Bank collapse shows C.... More »
Canadians are turning to credit cards for financial stress relief — and debt is on the rise - CBC News Sep 6th
Canadians are turning to credit cards for financial stress relief — and debt is on the rise CBC NewsFinancial Stress Mounts, Credit Card Demand and Debt Rise Financial PostEquifax says total consumer debt $2.32T in Q2, up 8.2% from 2021 BNN BloombergStressed about .... More »
B.C. foreign-buyer tax may exacerbate Toronto's red hot real estate market - Globalnews.ca + MORE Aug 2nd
Globalnews.caB.C. foreign-buyer tax may exacerbate Toronto's red hot real estate marketGlobalnews.caToronto's red-hot real estate market could get even hotter as foreign nationals looking to dodge a new 15 per cent tax on properties in Vancouver seek new places to invest, realtors say. The.... More »
Chinese leaders pledge to double size of economy by 2020, emphasize innovation + MORE Oct 29th
BEIJING, China – China’s leaders on Thursday affirmed plans to double the size of the country’s economy by 2020 from 2010 levels, a goal that sets up a potential clash with efforts to nurture more self-sustaining growth.
Communist Party leaders are struggling with conflicting goals.... More »
Element Financial’s strategic review puts extra emphasis on fleet business
– theglobeandmail.com
Fresh off Element’s $8.6-billion acquisition of General Electric’s fleet business, company executives are making it clear that they believe this arm is their crown jewel
Daily Deal Roundup: Element, Infor and a Square IPO
– theglobeandmail.com
Mergers, acquisitions, private equity and venture capital deals from Canada and around the world
How the Dow Jones industrial average and other major indexes fared on Wednesday
– canadianbusiness.com
U.S. stocks closed lower Wednesday, led by declines in retailers after a disappointing earnings forecast by Wal-Mart. Investors were also sizing up a batch of mixed earnings from the nation’s biggest banks.
On Tuesday:
The Dow Jones industrial average fell 157.14 points, or 0.9 per cent, to close at 16,924.75.
The Standard & Poor’s 500 index dropped 9.45 points, or 0.5 per cent, to 1,994.24.
The Nasdaq composite declined 13.76 points, or 0.3 per cent, to 4,782.85.
For the week:
The Dow is down 159.74 points, or less than 0.9 per cent.
The S&P 500 index is down 20.65 points, or 1 per cent.
The Nasdaq is down 47.62 points, or 1 per cent.
For the year:
The Dow is down 898.32 points, or 5 per cent.
The S&P 500 index is down 64.66 points, or 3.1 per cent.
The Nasdaq is up 46.79 points, or 1 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Wednesday appeared first on Canadian Business – Your Source For Business News.
On Tuesday:
The Dow Jones industrial average fell 157.14 points, or 0.9 per cent, to close at 16,924.75.
The Standard & Poor’s 500 index dropped 9.45 points, or 0.5 per cent, to 1,994.24.
The Nasdaq composite declined 13.76 points, or 0.3 per cent, to 4,782.85.
For the week:
The Dow is down 159.74 points, or less than 0.9 per cent.
The S&P 500 index is down 20.65 points, or 1 per cent.
The Nasdaq is down 47.62 points, or 1 per cent.
For the year:
The Dow is down 898.32 points, or 5 per cent.
The S&P 500 index is down 64.66 points, or 3.1 per cent.
The Nasdaq is up 46.79 points, or 1 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Wednesday appeared first on Canadian Business – Your Source For Business News.
Jack Dorsey’s Square Inc. files for IPO
– theglobeandmail.com
Square Inc, the mobile payments company co-founded by Twitter Chief Executive Jack Dorsey, filed with U.S. regulators for an initial public offering of common stock
Trading Exotic Currencies As A Means Of Diversifying Your Forex Portfolio
– investitwisely.com
As any Forex trader will tell you, the liquidity in the market is what makes foreign currencies such a popular trading market. However, this is only strictly true when talking about the major currencies. Exotic currencies, like the Czech Koruna or the Indian Rupee, are considered illiquid, and while this can make them more difficult to trade for short-term gains, it also makes them a potentially beneficial long-term investment for diversification and security.Typical Currency Pairs
There are dozens of currencies that can be traded, and because every currency can be paired with every other, this means that there are effectively hundreds of currency pairs. However, market activity typically concentrates on only around a dozen, with a handful being the most common and offering the greatest liquidity. Go beyond the Dollar, the Pound, the Euro, and the Canadian Dollar, and it may take days before you see any real action or major movement.
Liquidity In Forex
The liquidity of a market represents how easily you can open and close trades at the market rate…
