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
The Ford government touted Therme as a 'world-class' partner for Ontario Place. In Europe, 'significant' concerns have emerged over finances Aug 16th
The warning is included in previously unreported audits. Therme says it doesn't reflect the strong financial footing of the global business..... More »
The year in stocks. 2017: Bitcoin, dope and Trump Dec 30th
Wall Street had a great year in 2017. The Canadian market managed only a small gain. (Cultura Travel/WALTER ZERLA)
OK, let’s say goodbye to the market in 2017.
Your editors at MoneySense are almost always going to steer investors into a reliable but boring Couch Potato portfolio of a few low-fee .... More »
Why Gen Z Is choosing career vibes over big paycheques, especially early on + MORE Feb 5th
For decades, the standard career advice for young Canadians was as linear as an airport security line: shoes off, laptop out, no detours. Except in career land it was: get the degree, find the best-paying gig, climb the corporate ladder, and don’t look back until retirement.
But according.... More »
How to sell an app idea: looking for an investor easily Dec 8th
Most of the articles on the topic of selling app ideas deal with situations where the developer has either an idea or minimal work to do. This is partly understandable: it is believed that if you have a minimum viable product, the MVP, you can handle the rest on your own. But what if you don’t.... More »
S&P 500 and Nasdaq notch records; AMD results spark AI stock rally - Reuters May 6th
S&P 500 and Nasdaq notch records; AMD results spark AI stock rally ReutersStock market today: Dow jumps 600 points, S&P 500 and Nasdaq hit records as AI trade fuels rally Yahoo FinanceMarket Outlook: AI optimism pushes S&P 500 to fresh record highs BNN Bl.... More »
Upstart stock exchange IEX fuels frustrations about financial industry
– theglobeandmail.com
IEX Group Inc.’s bid to become a fully fledged player in the trading world has drawn heated debate
Resolute seeks $70M-plus in damages over revival of Port Hawkesbury paper mill
– canadianbusiness.com
MONTREAL – Resolute Forest Products Inc. (TSX: RFP) is seeking damages of more than $70 million under the North American Free Trade Agreement, citing losses it blames on the government-aided revival of an idled paper mill in Nova Scotia.
Resolute said in a statement Wednesday that it has filed a notice of arbitration under NAFTA, saying the closure of its Laurentide mill in Quebec was a result of competition from the paper mill in Port Hawkesbury, N.S..
The mill, idled for about a year, was restarted with the aid more than $124 million in government assistance in 2012.
“Resolute contends those measures discriminated in favour of Port Hawkesbury and resulted, among other damages, in the closing of Resolute’s Laurentide mill in October 2014, depriving Resolute of its investment in that mill, and the value of other investments, in violation of the company’s rights under NAFTA as a U.S. investor in Canada.”
The company said its is seeking damages for direct losses of some $70 million, as well as unspecified consequential damages “and additional costs and relief deemed just and appropriate by an arbitral tribunal…
Resolute said in a statement Wednesday that it has filed a notice of arbitration under NAFTA, saying the closure of its Laurentide mill in Quebec was a result of competition from the paper mill in Port Hawkesbury, N.S..
The mill, idled for about a year, was restarted with the aid more than $124 million in government assistance in 2012.
“Resolute contends those measures discriminated in favour of Port Hawkesbury and resulted, among other damages, in the closing of Resolute’s Laurentide mill in October 2014, depriving Resolute of its investment in that mill, and the value of other investments, in violation of the company’s rights under NAFTA as a U.S. investor in Canada.”
The company said its is seeking damages for direct losses of some $70 million, as well as unspecified consequential damages “and additional costs and relief deemed just and appropriate by an arbitral tribunal…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,142.29, down 103.46 points):
Perpetual Energy Inc. (TSX:PMT). Oil and gas. Down half-a-cent, or 9.09 per cent, to five cents on five million shares.
Data Group Ltd. (TSX:DGI). Business services. Down half-a-cent, or 25 per cent, to 1.5 cents on 4.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 32 cents, or 5.80 per cent, to $5.20 on 2.9 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 37 cents, or 8.24 per cent, to $4.12 on 2.6 million shares.
Mart Resources, Inc. (TSX:MMT). Oil and gas. Up one cent, or 11.76 per cent, to 9.5 cents on 2.6 million shares.
Anderson Energy Inc. (TSX:AXL). Oil and gas. Up half-a-cent, or 100 per cent, to one cent on 2.5 million shares.
Companies reporting major news:
Telus Corp. (TSX:T). Communication services. Down 27 cents, or 0.69 per cent, to $38.91 on 470,930 shares. Telus has become the second Canadian telecommunications company to reach an agreement with the Competition Bureau over its participation in misleading premium text message services…
Toronto Stock Exchange (13,142.29, down 103.46 points):
Perpetual Energy Inc. (TSX:PMT). Oil and gas. Down half-a-cent, or 9.09 per cent, to five cents on five million shares.
Data Group Ltd. (TSX:DGI). Business services. Down half-a-cent, or 25 per cent, to 1.5 cents on 4.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 32 cents, or 5.80 per cent, to $5.20 on 2.9 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 37 cents, or 8.24 per cent, to $4.12 on 2.6 million shares.
Mart Resources, Inc. (TSX:MMT). Oil and gas. Up one cent, or 11.76 per cent, to 9.5 cents on 2.6 million shares.
Anderson Energy Inc. (TSX:AXL). Oil and gas. Up half-a-cent, or 100 per cent, to one cent on 2.5 million shares.
Companies reporting major news:
Telus Corp. (TSX:T). Communication services. Down 27 cents, or 0.69 per cent, to $38.91 on 470,930 shares. Telus has become the second Canadian telecommunications company to reach an agreement with the Competition Bureau over its participation in misleading premium text message services…
TSX lower as oil, metals slip
– thestar.com
The Toronto stock market was in its second day of a post-Christmas slump Wednesday as Canada’s main index followed lower commodity prices.
Business Highlights
– canadianbusiness.com
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How to spend $5 trillion: A record-breaking year in deals
NEW YORK (AP) — Companies around the world spent a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.
Dealogic, a financial data provider, says the value of global deals soared 37 per cent in 2015. The highest price tag came in November, when Pfizer and Allergan announced the biggest pharmaceutical deal in history.
Low interest rates since the Great Recession have made it cheaper for companies to borrow money to pay for acquisitions, and because the global economy only grew slowly this year, companies decided it made more sense to buy their competitors instead of trying to boost their sales on their own.
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Why you should consider freezing your credit reports
NEW YORK (AP) — Freeze your credit reports before you get burned.
That’s the message from security experts, consumer advocates and some state Attorneys General…
How to spend $5 trillion: A record-breaking year in deals
NEW YORK (AP) — Companies around the world spent a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.
Dealogic, a financial data provider, says the value of global deals soared 37 per cent in 2015. The highest price tag came in November, when Pfizer and Allergan announced the biggest pharmaceutical deal in history.
Low interest rates since the Great Recession have made it cheaper for companies to borrow money to pay for acquisitions, and because the global economy only grew slowly this year, companies decided it made more sense to buy their competitors instead of trying to boost their sales on their own.
___
Why you should consider freezing your credit reports
NEW YORK (AP) — Freeze your credit reports before you get burned.
That’s the message from security experts, consumer advocates and some state Attorneys General…
