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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What to watch for in the eurozone’s third quarter economic growth report
– canadianbusiness.com
LONDON – The eurozone economy can’t achieve lift-off, it seems, despite a number of tail-winds.
Official figures Friday are expected to show the single currency bloc, which comprises 330 million people across 19 countries, is still growing only at a subdued rate. The consensus is it expanded by a quarterly rate of 0.4 per cent in the July-September period, unchanged from the previous quarter.
In fact, growth has been around this level for over a year.
Any growth is welcome for a region that’s spent seven years firefighting financial crises. But to really bring down high unemployment, the economy needs more. That’s partly why the European Central Bank is expected to expand its stimulus in December.
In a region spreading from the Atlantic to the eastern Mediterranean, the economic outlook varies between countries.
Here are the key points of interest in Friday’s figures.
___
Eurozone Consumers: They’re Back
For years, eurozone consumers have been afraid to spend amid high unemployment — particularly in Greece and Spain — and government cutbacks…
Official figures Friday are expected to show the single currency bloc, which comprises 330 million people across 19 countries, is still growing only at a subdued rate. The consensus is it expanded by a quarterly rate of 0.4 per cent in the July-September period, unchanged from the previous quarter.
In fact, growth has been around this level for over a year.
Any growth is welcome for a region that’s spent seven years firefighting financial crises. But to really bring down high unemployment, the economy needs more. That’s partly why the European Central Bank is expected to expand its stimulus in December.
In a region spreading from the Atlantic to the eastern Mediterranean, the economic outlook varies between countries.
Here are the key points of interest in Friday’s figures.
___
Eurozone Consumers: They’re Back
For years, eurozone consumers have been afraid to spend amid high unemployment — particularly in Greece and Spain — and government cutbacks…
China allows biggest corporate bond default yet in step toward reforming financial markets
– canadianbusiness.com
BEIJING, China – Communist leaders allowed China’s biggest corporate bond default yet on Thursday in a fresh sign of wrenching economic change as growth slows and Beijing gives market forces a bigger role in its financial system.
The default by China Shanshui Cement Group, a major cement producer, highlights the decline of once-dominant heavy industry as Beijing tries to shift from growth based on trade and investment to a consumer-driven economy.
Shanshui, headquartered in the eastern city of Jinan, cannot repay any of a 2 billion yuan ($315 million) note due Thursday, said a man who answered the phone in its investor relations department.
“The company has no money to pay investors,” said the man, who refused to give his name.
On Wednesday, Shanshui asked a court in the Cayman Islands, where it is incorporated, to appoint a liquidator to wind down its operations.
Until last year, Beijing bailed out troubled borrowers to preserve investor confidence. But the ruling Communist Party allowed its first bond default last year as part of efforts to make its financial system more market-oriented…
The default by China Shanshui Cement Group, a major cement producer, highlights the decline of once-dominant heavy industry as Beijing tries to shift from growth based on trade and investment to a consumer-driven economy.
Shanshui, headquartered in the eastern city of Jinan, cannot repay any of a 2 billion yuan ($315 million) note due Thursday, said a man who answered the phone in its investor relations department.
“The company has no money to pay investors,” said the man, who refused to give his name.
On Wednesday, Shanshui asked a court in the Cayman Islands, where it is incorporated, to appoint a liquidator to wind down its operations.
Until last year, Beijing bailed out troubled borrowers to preserve investor confidence. But the ruling Communist Party allowed its first bond default last year as part of efforts to make its financial system more market-oriented…
Rolls-Royce shares plunge as profit warning shocks investors
– canadianbusiness.com
LONDON – Rolls-Royce shares plunged 18 per cent as the maker of plane engines warned weaker demand would hit profits.
Shares fell in trading Thursday to 121.50 pence after Rolls CEO Warren East described the outlook for 2016 as “very challenging.” East described the speed and magnitude of change as being significant and shows how “sensitive” parts of the business are to market conditions.
Rolls says profits would be hit by 650 million pounds ($986 million) of “headwinds.” The company flagged “sharply weaker demand” in selected aerospace and offshore marine markets.
A new cost savings program of between 150 million pounds to 200 million pounds will be put in place for 2016.
Keith Bowman of Hargreaves Lansdown, says Rolls’ “prior push to reduce earnings volatility and surprises” appears to have been “completely unwound.”
The post Rolls-Royce shares plunge as profit warning shocks investors appeared first on Canadian Business – Your Source For Business News.
Shares fell in trading Thursday to 121.50 pence after Rolls CEO Warren East described the outlook for 2016 as “very challenging.” East described the speed and magnitude of change as being significant and shows how “sensitive” parts of the business are to market conditions.
Rolls says profits would be hit by 650 million pounds ($986 million) of “headwinds.” The company flagged “sharply weaker demand” in selected aerospace and offshore marine markets.
A new cost savings program of between 150 million pounds to 200 million pounds will be put in place for 2016.
Keith Bowman of Hargreaves Lansdown, says Rolls’ “prior push to reduce earnings volatility and surprises” appears to have been “completely unwound.”
The post Rolls-Royce shares plunge as profit warning shocks investors appeared first on Canadian Business – Your Source For Business News.
