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
UK Brexit minister: Leaving EU won’t mean economic isolation + MORE Dec 1st
LONDON – Britain’s minister for leaving the European Union tried to reassure businesses on Thursday that exiting the bloc won’t cut the U.K. off from much-needed international workers and investment.
Brexit Secretary David Davis said the U.K. was seeking “the freest possible .... More »
Is this a good time to buy a home in Canada? + MORE Sep 11th
Before the Bank of Canada (BoC) began lowering its benchmark interest rate earlier this year, some analysts predicted that falling rates would spark a significant turnaround in the real estate market. But even after three consecutive rate cuts, that scenario hasn’t played out.
“Markets’ r.... More »
Fear and loathing in the Vancouver property market: Don Pittis + MORE Sep 2nd
Recent buyers of Vancouver real estate have been horrified by reports predicting the collapse of the market. While a downturn is expected to be moderate, anticipation of the actual numbers sent a frisson of fear through markets beyond Vancouver..... More »
Apple unveils new $430 billlion U.S. investment plan - CNBC Television + MORE Apr 26th
Apple unveils new $430 billlion U.S. investment plan CNBC TelevisionApple announces 1st East Coast campus in North Carolina CFJC Today KamloopsApple Boosts US Investment 20% Over Five Years to $430 Billion BNNApple to Invest $430 Billion in U.S. Over Five Years .... More »
Canadian house price slump makes buyers wary for 2019: Don Pittis Dec 18th
Falling real estate costs were supposed to attract buyers who had been priced out of the market. But that's not usually how markets work..... More »
Fugitive real estate heir agrees to Los Angeles extradition to face murder charge by August
– canadianbusiness.com
LOS ANGELES, Calif. – A New York real estate heir has agreed to return to Los Angeles to face charges that he killed a woman to stop her from co-operating with an investigation into the disappearance of his wife, prosecutors announced Tuesday.
Robert Durst and his attorneys jointly filed an agreement with the Los Angeles County district attorney’s office. It stipulates that Durst will be extradited from Louisiana to Los Angeles no later than Aug. 18.
Court filings have shown that Durst has struck a plea deal with federal prosecutors on a weapons charge in New Orleans. The weapons charge has kept Durst jailed in Louisiana since March, even though he waived extradition on the murder charge in Los Angeles.
Durst, an estranged member of the family that runs 1 World Trade Center in New York, faces a first-degree murder trial in Los Angeles in the 2000 death of his friend and onetime spokeswoman Susan Berman, 55.
The 72-year-old millionaire is accused of killing Berman to keep her from talking to investigators looking into the disappearance of his first wife in 1982…
Robert Durst and his attorneys jointly filed an agreement with the Los Angeles County district attorney’s office. It stipulates that Durst will be extradited from Louisiana to Los Angeles no later than Aug. 18.
Court filings have shown that Durst has struck a plea deal with federal prosecutors on a weapons charge in New Orleans. The weapons charge has kept Durst jailed in Louisiana since March, even though he waived extradition on the murder charge in Los Angeles.
Durst, an estranged member of the family that runs 1 World Trade Center in New York, faces a first-degree murder trial in Los Angeles in the 2000 death of his friend and onetime spokeswoman Susan Berman, 55.
The 72-year-old millionaire is accused of killing Berman to keep her from talking to investigators looking into the disappearance of his first wife in 1982…
A group of Dominion Diamond shareholders is pushing for the company’s independent directors to deal with what they call the “misguided policies and missed opportunities” that have hurt their investment in the Toronto-based company.
The Globe and MailDominion Diamond said to explore sale as shareholders revoltThe Globe and MailDominion Diamond Corp. has hired financial advisers to explore a sale as the Canadian miner comes under pressure from shareholders about its falling share price, according to people familiar with the matter. The diamond miner has hired Rothschild & Co.and more »
Alibaba’s acquisition of SCMP could spell the end of Hong Kong’s free press
– theglobeandmail.com
It’s likely that Jack Ma’s investment in the South China Morning Post could sink the paper’s reputation for good
Making sense of provincial debt downgrades
– macleans.ca
(Shutterstock)Canada’s provincial budgets aren’t in good shape. Eight out of ten provinces will run deficits this year, with BC and Quebec as the only two exceptions. (For data, see here.) This borrowing adds up. While the federal government has been steadily reducing its debt burden, the provinces have, in recent years, done the opposite. In fact, 2015 was the first year in Canadian history where the total debt (net of financial assets) held by the provincial governments exceeded that of the federal government. In a recent Maclean’s piece, Laval University economist Stephen Gordon notes this, and provides a startling chart:
In the same Maclean’s piece, University of Victoria economist Rob Gillezeau focuses on projections from the Parliamentary Budget Office that suggest this trend will continue. If nothing else changes, federal debt is expected to decline while subnational debt soars. Understanding provincial debt is therefore increasingly important, especially as many provinces are strained by low oil prices…
