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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Should you take extra RRIF withdrawals to increase your estate? + MORE Nov 26th
Ask MoneySense
I have a RRIF that is worth approximately $250,000 at the moment. My two children are the beneficiaries. Obviously, I am hoping to somehow reduce any tax on this RRIF income when I die. Is my taking more out of the RRIF and paying the tax each year the best way to do this? Do you have.... More »
The best GIC rates in Canada for 2024 Jun 1st
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our.... More »
How to manage as a single parent with no pension + MORE Sep 7th
If you’re worried about your retirement, you’re not alone. Thanks to the growing gig economy and other changes to the workforce, these days fewer than two in five Canadians have a workplace pension plan to lean on. And if you are a single parent, saving for your twilight years only gets tri.... More »
The life and times of an original “bankster” Feb 8th
Growing up in Guelph, Ont., in the 1870s, Arthur Cutten was a whiz with numbers and a shark at marbles, routinely capturing the most coveted orbs (“glassies,” if you’re curious) from his less-skilled classmates. That competitive spirit served him well years later, when 19-year-old Cutten—eag.... More »
Westin hotels in Ottawa, Calgary and Edmonton put up for sale + MORE Jan 31st
The trio of Westin Hotels is considered a ‘rare portfolio of assets’ and is expected to fetch between $475-million and $525-million.
.... More »
Ferrari, separated from Fiat Chrysler, makes Milan stock market debut, following NY listing
– canadianbusiness.com
MILAN – Sports carmaker Ferrari is following up its successful Wall Street listing with a stock market launch in Milan, as it begins a new era as a stand-alone company free of the mass-market associations of its former parent, Fiat Chrysler.
The company famed for its Formula 1 racing machines and coveted red roadsters began trading Monday morning, the first business day of the year, at 43 euros ($47) under the RACE ticker. The shares slipped to 41.75 euros in a broadly lower market, were briefly suspended and then climbed to 41.90 euros.
Ferrari made its public debut on the New York Stock Exchange in October. It closed out 2015 at the price of $48 (about 44 euros).
The new company, which completes its separation from Fiat Chrysler Automobiles SpA, is controlled by Exor SpA, the Agnelli family holding company that also controls Fiat Chrysler, with a 23.5-per cent share, and Piero Ferrari, founder Enzo Ferrari’s son, who retains a 10-per cent stake.
“With the listing, a new chapter is opened,” for Ferrari, said its chairman, Sergio Marchionne, who is also CEO of Fiat Chrysler…
The company famed for its Formula 1 racing machines and coveted red roadsters began trading Monday morning, the first business day of the year, at 43 euros ($47) under the RACE ticker. The shares slipped to 41.75 euros in a broadly lower market, were briefly suspended and then climbed to 41.90 euros.
Ferrari made its public debut on the New York Stock Exchange in October. It closed out 2015 at the price of $48 (about 44 euros).
The new company, which completes its separation from Fiat Chrysler Automobiles SpA, is controlled by Exor SpA, the Agnelli family holding company that also controls Fiat Chrysler, with a 23.5-per cent share, and Piero Ferrari, founder Enzo Ferrari’s son, who retains a 10-per cent stake.
“With the listing, a new chapter is opened,” for Ferrari, said its chairman, Sergio Marchionne, who is also CEO of Fiat Chrysler…
Insurer: 2015 saw lowest natural disaster losses in 6 years as El Nino curbed Atlantic storms
– canadianbusiness.com
BERLIN – Last year saw the lowest financial costs from natural disasters worldwide since 2009 as the El Nino weather phenomenon reduced hurricane activity in the North Atlantic, a leading insurer said Monday.
The year’s most devastating disaster was the earthquake in Nepal in April, but only a fraction of the resulting losses was insured.
Insurer Munich Re said in an annual survey that both insured losses and overall costs resulting from disasters were the lowest since 2009. It said that there were some $27 billion in insured losses, while overall costs — including losses not covered by insurance — totalled $90 billion. Those figures were down from $31 billion and $110 billion respectively in 2014.
The costliest single event for the insurance industry was a series of winter storms that hit the northeastern U.S. and Canada in February. They generated insured losses of $2.1 billion and total losses of $2.8 billion.
In contrast, the earthquake in Nepal caused total damage valued at $4…
The year’s most devastating disaster was the earthquake in Nepal in April, but only a fraction of the resulting losses was insured.
Insurer Munich Re said in an annual survey that both insured losses and overall costs resulting from disasters were the lowest since 2009. It said that there were some $27 billion in insured losses, while overall costs — including losses not covered by insurance — totalled $90 billion. Those figures were down from $31 billion and $110 billion respectively in 2014.
The costliest single event for the insurance industry was a series of winter storms that hit the northeastern U.S. and Canada in February. They generated insured losses of $2.1 billion and total losses of $2.8 billion.
In contrast, the earthquake in Nepal caused total damage valued at $4…
CBC.caGlobal stocks sink, China stock trading halted after share prices diveCBC.caChinese stocks plunged nearly 7 per cent Monday, triggering an emergency trading suspension and giving global markets an unnerving start to 2016. Weak Chinese manufacturing and Middle East tensions were catalysts for the sell-off. SPECIAL REPORT: …Premarket: Global stocks open 2016 on back foot on China dataThe Globe and MailShanghai index dives nearly 7 per cent, other Asian markets start 2016 on …Montreal GazetteChina Stock Trading Halted After New Year Big PlungeVoice of AmericaEconomic Timesall 494 news articles »
Trading has been suspended in China after share prices plunged today by more than 7 per cent. The slide triggered an automatic shutdown of the country’s stock exchanges and underscores the ongoing weakness of China’s manufacturing sector.
Private survey finds China factory conditions weaken for 10th month as demand softens
– canadianbusiness.com
HONG KONG – Chinese manufacturing contracted for the 10th straight month in December as demand remained weak and factories trimmed staff and output, a private survey showed Monday.
The Caixin/Markit index, based on a survey of factory purchasing managers, fell to 48.2 in December from 48.6 the previous month.
The index uses a 100-point scale with numbers above 50 indicating expansion.
It’s the latest sign of the headwinds the world’s No. 2 economy faces as a new year unfolds. Chinese growth has slowed sharply over the past five years as leaders in Beijing try to wean the economy off reliance on trade and investment and focus it instead on more self-sustaining private consumption and services.
However, it’s proving to be a tough transition. Growth in the quarter ending in September fell to a six-year low of 6.9 per cent, a tick down from 7 per cent in each of the two preceding quarters even after policymakers cut interest rate cuts repeatedly and unleashed other stimulus measures
China’s manufacturing industries are facing soft demand from customers as global growth remains weak…
The Caixin/Markit index, based on a survey of factory purchasing managers, fell to 48.2 in December from 48.6 the previous month.
The index uses a 100-point scale with numbers above 50 indicating expansion.
It’s the latest sign of the headwinds the world’s No. 2 economy faces as a new year unfolds. Chinese growth has slowed sharply over the past five years as leaders in Beijing try to wean the economy off reliance on trade and investment and focus it instead on more self-sustaining private consumption and services.
However, it’s proving to be a tough transition. Growth in the quarter ending in September fell to a six-year low of 6.9 per cent, a tick down from 7 per cent in each of the two preceding quarters even after policymakers cut interest rate cuts repeatedly and unleashed other stimulus measures
China’s manufacturing industries are facing soft demand from customers as global growth remains weak…
