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
TD profit falls shy of forecasts as loan-loss provisions weigh - The Globe and Mail Aug 29th
TD profit falls shy of forecasts as loan-loss provisions weigh The Globe and MailTD Bank reports higher profit in third quarter BNNBloomberg.caTD Bank caps earnings at Canada's 5 biggest banks with profit rise to $3.2B CBC NewsTD Bank’s Margins Squeezed as Earnings.... More »
Nvidia beats revenue expectations in Q2, but fears of a tech bubble persist + MORE Aug 29th
Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading.
The results announced Wednesday were hotly anticipated because Nvidia has .... More »
How much income do you need to buy a home in Canada? A look at home affordability in April 2025 + MORE May 27th
April marked another chilly month for Canadian home sales, but there were perks in store for those actively on the house hunt. Home prices continue to soften in many of Canada’s largest urban centres, leading to an overall improvement in affordability in just over half of the cities.
This is ac.... More »
4 Rules to Improve the Odds of Acquiring Funds for a Small Business + MORE Jan 28th
Acquiring funds often plays a crucial role in setting up a startup. However, it can be a daunting task for a new business person to seek a loan approval if the proverbial ducks are not in the row.
Find out ways to get approved naturally:
You must empathize with the lending institution while submitti.... More »
Making sense of the markets this week: February 19, 2023 Feb 17th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Steady profits never make the news
Being a pipeline company is sort of like being a hockey referee: If people notice you, it’s pr.... More »
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,920.14, down 7.01 points):
First Capital Realty Inc. Real estate. Up six cents, or 0.33 per cent, to $18.10 on 8.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Unchanged at $1.44 on seven million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 26 cents, or 3.65 per cent, to $7.39 on 4.3 million shares.
ProMetic Life Sciences Inc. (TSX:PLI). Biotechnology. Up 26 cents, or 7.98 per cent, to $3.52 on 4.1 million shares.
Perpetual Energy Inc. (TSX:PMT). Oil and gas. Down half a cent, or 11.11 per cent, to four cents on 4.1 million shares.
Data Group Ltd. (TSX:DGI). Business services. Down half a cent, or 25 per cent, to 1.5 cents on 4.1 million shares.
Companies reporting major news:
Air Canada (TSX:AC). Airline. Up one cent, or 0.10 per cent, to $9.96 on 744,428 shares. Air Canada has asked the country’s top court to overturn a Quebec ruling that would require the airline to keep its maintenance operations in the country…
Toronto Stock Exchange (12,920.14, down 7.01 points):
First Capital Realty Inc. Real estate. Up six cents, or 0.33 per cent, to $18.10 on 8.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Unchanged at $1.44 on seven million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 26 cents, or 3.65 per cent, to $7.39 on 4.3 million shares.
ProMetic Life Sciences Inc. (TSX:PLI). Biotechnology. Up 26 cents, or 7.98 per cent, to $3.52 on 4.1 million shares.
Perpetual Energy Inc. (TSX:PMT). Oil and gas. Down half a cent, or 11.11 per cent, to four cents on 4.1 million shares.
Data Group Ltd. (TSX:DGI). Business services. Down half a cent, or 25 per cent, to 1.5 cents on 4.1 million shares.
Companies reporting major news:
Air Canada (TSX:AC). Airline. Up one cent, or 0.10 per cent, to $9.96 on 744,428 shares. Air Canada has asked the country’s top court to overturn a Quebec ruling that would require the airline to keep its maintenance operations in the country…
Are RRSPs ever a waste of time?
– moneysense.ca
Q: I am a 38 year old school teacher and currently contributing to a bank RRSP. I will have a pension and am being told I am wasting my time with an RRSP. Should I stop contributing to the RRSP and if so, how should I save for retirement?—Annette
A: I find that defined benefit (DB) pensions can be a bit of a double-edged sword—you have a nice income stream in retirement, but sometimes at the expense of too much saving today.
On that basis, Annette, I will say that there may be something to the advice that you have been given—“may” being the operative word.
Time and time again, I am concerned with the blanket financial advice that is given by the industry, the media, coworkers, brothers-in-law and so on. RRSPs are never a waste—they just might not be the best tool for you to achieve your own personal goals.
Sometimes a DB pension will cover all of your retirement needs. I work with many retired clients with DB pensions who are actually saving in retirement because their incomes exceed their expenses…
Bell’s appeal of Internet ruling ignites debate over competition, investment incentives
– theglobeandmail.com
Montreal-based BCE said last year that it plans to spend $20-billion on capital expenditures – including investments in bringing fibre-optic cables directly to customers’ homes to replace its legacy copper wires – through 2020
Canadians plan to make charitable giving a priority
– moneysense.ca
Almost 60% of Canadians plan to make it a priority to donate to charitable causes in 2016, finds a BMO Wealth Management report. Other priorities include becoming healthier, spending more time with family and friends, and improving their overall financial situation by spending less, saving more and paying off debt.
When thinking about which charities they will support in the year ahead, one-third (32%) say they’ll donate to the same charities they did in 2015, while 56% are considering making some changes. The top causes or sectors to which Canadians plan to donate in 2016 are:
When thinking about which charities they will support in the year ahead, one-third (32%) say they’ll donate to the same charities they did in 2015, while 56% are considering making some changes. The top causes or sectors to which Canadians plan to donate in 2016 are:
health/medical (54%);
anti-poverty and helping the disadvantaged (48%);
animal welfare (27%); or
foundations (20%).
Our ranking of the top charities in Canada »
Although Canadians have an idea of where they will donate, the study finds that more than half (58%) do not have a strategy, and give only as they feel the need or have the money. The top reasons for this are:
they prefer to give on a case-by-case basis (33%);
they do not think it is necessary (31%); or
they do not have enough money to give regularly (31%)…
Business Highlights
– canadianbusiness.com
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Chinese investors swearing off stocks after price turmoil
BEIJING (AP) — Battered by market gyrations, Chinese small investors are swearing off stocks. That is setting back the ruling Communist Party’s hopes of encouraging widespread stock ownership to help transform its financial markets into tools to propel economic reform.
Despite a rebound in prices from their August lows, no significant new money from small investors has flowed into stocks, according to Guo Yanhong, a market strategist for Founder Securities.
Last year’s Chinese stock boom and disastrous bust has left a legacy of public distrust of financial markets along with a bill the ruling party has yet to disclose for its rescue.
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Even with Iran-Saudi tension, supply dictates price of oil
DALLAS (AP) — A persistent glut of oil is trumping Middle Eastern tension, extending the slump in oil markets into the new year.
The price of oil fell 30 per cent last year, following a 50 per cent plunge in 2014. The price is already down in early days of 2016…
Chinese investors swearing off stocks after price turmoil
BEIJING (AP) — Battered by market gyrations, Chinese small investors are swearing off stocks. That is setting back the ruling Communist Party’s hopes of encouraging widespread stock ownership to help transform its financial markets into tools to propel economic reform.
Despite a rebound in prices from their August lows, no significant new money from small investors has flowed into stocks, according to Guo Yanhong, a market strategist for Founder Securities.
Last year’s Chinese stock boom and disastrous bust has left a legacy of public distrust of financial markets along with a bill the ruling party has yet to disclose for its rescue.
___
Even with Iran-Saudi tension, supply dictates price of oil
DALLAS (AP) — A persistent glut of oil is trumping Middle Eastern tension, extending the slump in oil markets into the new year.
The price of oil fell 30 per cent last year, following a 50 per cent plunge in 2014. The price is already down in early days of 2016…
