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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Money in the bank: Ottawa looks for new ways to tax dormant accounts + MORE Jan 13th
Ottawa wants to reform and expand its national registry of "unclaimed balances" — money in financial accounts that Canadians have forgotten they own. The proposal would add unclaimed pensions to the registry, but critics say that with about $6 billion in dormant assets up for grabs.... More »
Do inflation-linked bonds make sense in an era of rising interest rates? + MORE Feb 24th
For a long time, inflation-linked bonds like TIPs (Treasury Inflation-Protected Securities) in the U.S. or Government of Canada Real Return Bonds (RRBs) seemed like valid alternatives to nominal bonds for inflationary environments. If inflation ticks above certain levels, such bonds—or exchange-tr.... More »
Making sense of the markets this week: January 22, 2023 Jan 20th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.
Are central banks smarter than we thought—or are they just lucky?
The world’s central banks faced plenty of critici.... More »
Unifor members approve new four-year labour agreement with Ford - The Globe and Mail + MORE Nov 7th
CBC.caUnifor members approve new four-year labour agreement with FordThe Globe and MailWorkers at Ford Motor Co. of Canada Ltd. have approved a new contract with the company, wrapping up 2016 contract negotiations between Unifor and the Canadian units of the Detroit Three auto makers. Unifor members.... More »
The best high-interest savings accounts in Canada for 2024 Nov 11th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
Deutsche Bank to restructure units, change management structure in bid to streamline business
– canadianbusiness.com
BERLIN – Germany’s biggest bank, Deutsche Bank AG, said Sunday that it is restructuring its divisions and making changes to its management structure in an effort to streamline its business.
The bank’s corporate banking and securities division will be split in two, and its asset and wealth management division also will be divided into separate units.
The company’s management structure also will be overhauled. It will scrap its group executive committee, a body that includes the bank’s top executives as well as regional and other representatives, and slightly expand its management board. In addition, it will abolish 10 of the current 16 management board committees, and several top managers will shift positions or leave.
Deutsche Bank said the aim is “to reduce complexity of the bank’s management structure, enabling it to better meet client demands and requirements of supervisory authorities.”
The decision at a supervisory board meeting is the latest shake-up following the arrival of new co-chief executive John Cryan, who took over July 1 after co-CEOs Anshu Jain and Juergen Fitschen announced they were leaving…
The bank’s corporate banking and securities division will be split in two, and its asset and wealth management division also will be divided into separate units.
The company’s management structure also will be overhauled. It will scrap its group executive committee, a body that includes the bank’s top executives as well as regional and other representatives, and slightly expand its management board. In addition, it will abolish 10 of the current 16 management board committees, and several top managers will shift positions or leave.
Deutsche Bank said the aim is “to reduce complexity of the bank’s management structure, enabling it to better meet client demands and requirements of supervisory authorities.”
The decision at a supervisory board meeting is the latest shake-up following the arrival of new co-chief executive John Cryan, who took over July 1 after co-CEOs Anshu Jain and Juergen Fitschen announced they were leaving…
Egypt’s central bank weakens the pound at an auction, second devaluation this week
– canadianbusiness.com
CAIRO – Egypt’s central bank says it has weakened the value of the Egyptian pound against the dollar, its second devaluation this week.
The bank said in a statement that it weakened the pound at an auction on Sunday, dropping the value from 7.83 to 7.93 pounds per dollar.
The central bank has also allowed commercial banks a wider margin for selling and buying dollars since January, at 0.10 pounds above or below the official rate.
The central bank effectively controls the value of the domestic currency in regular foreign currency auctions.
The new rate could help boost much-needed foreign investment. Investors and economists see the currency as overvalued. Meanwhile, Egypt’s foreign currency reserves continue to drop. The bank reported that reserves fell 9.7 per cent in September to $16.3 billion.
The post Egypt’s central bank weakens the pound at an auction, second devaluation this week appeared first on Canadian Business – Your Source For Business News.
The bank said in a statement that it weakened the pound at an auction on Sunday, dropping the value from 7.83 to 7.93 pounds per dollar.
The central bank has also allowed commercial banks a wider margin for selling and buying dollars since January, at 0.10 pounds above or below the official rate.
The central bank effectively controls the value of the domestic currency in regular foreign currency auctions.
The new rate could help boost much-needed foreign investment. Investors and economists see the currency as overvalued. Meanwhile, Egypt’s foreign currency reserves continue to drop. The bank reported that reserves fell 9.7 per cent in September to $16.3 billion.
The post Egypt’s central bank weakens the pound at an auction, second devaluation this week appeared first on Canadian Business – Your Source For Business News.
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Five things to watch in Canadian business this week:
Corporate Canada bites nails: The country’s business community will be on the edge of its seat Monday as Canadians go to the polls in Canada’s 42nd general election. Will it be a return to power for the business friendly Conservatives? Will the electorate opt to give the Liberals or the New Democrats a try? At least a few executives in Canada’s hard-hit oilpatch are nervous about the outcome.
Earnings-o-rama: A slew of Canadian companies report third-quarter earnings this week, including pharmaceutical giant Valeant, Celestica and Canadian Pacific Railway on Tuesday. On Thursday, Rogers Communications and Shaw Communications report, as well as Corus, Husky Energy and Teck Resources. And on Friday, Thomson Reuters and Postmedia will have their Q3 results.
StatCan status report: The federal agency has a number of releases next week, including wholesale trade figures on Tuesday, retail sales on Thursday and the critical consumer price index on Friday that reveals the country’s inflation rate…
Corporate Canada bites nails: The country’s business community will be on the edge of its seat Monday as Canadians go to the polls in Canada’s 42nd general election. Will it be a return to power for the business friendly Conservatives? Will the electorate opt to give the Liberals or the New Democrats a try? At least a few executives in Canada’s hard-hit oilpatch are nervous about the outcome.
Earnings-o-rama: A slew of Canadian companies report third-quarter earnings this week, including pharmaceutical giant Valeant, Celestica and Canadian Pacific Railway on Tuesday. On Thursday, Rogers Communications and Shaw Communications report, as well as Corus, Husky Energy and Teck Resources. And on Friday, Thomson Reuters and Postmedia will have their Q3 results.
StatCan status report: The federal agency has a number of releases next week, including wholesale trade figures on Tuesday, retail sales on Thursday and the critical consumer price index on Friday that reveals the country’s inflation rate…
2015 Financial Predictions – October Update
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
As you might already know from earlier this year, just for kicks, I made some financial predictions by looking into my cloudy crystal ball. Here is a recap of what I think might happen in 2015 and where I’m at with some of my predictions.
As you might already know from earlier this year, just for kicks, I made some financial predictions by looking into my cloudy crystal ball. Here is a recap of what I think might happen in 2015 and where I’m at with some of my predictions.
The Dow Jones Industrial Average will finish the year at 19,400.
It opened 2015 at 17,823.07. At the time of this post it is 17,215.97.
The S&P/TSX Composite will finish the year at 15,700.
It opened 2015 at 14,635.07. At the time of this post it is 13,838.10.
Our Canadian Dollar will finish the year at $0.85 compared to the US Dollar, relatively flat for the year.
It opened 2015 at $0.848. At the time of this post it is $0.77. I’m not even close…
The following Canadian companies will increase their dividend at least once in 2015:
TransCanada Pipelines (TRP)
In February, TRP increased their dividend by 8%.
Telus (T)
In May, T increased their dividend by over 10%…
