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
Individual vs. joint investment accounts: What every couple should know Oct 16th
Losing a spouse is devastating. Losing access to the family’s savings on top of that? Heartbreaking—and more common than many Canadians realize. Imagine waking up after your partner passes away, only to discover that a $400,000 investment account is frozen. Months drag on while the courts approv.... More »
Jefferies poaches RBC senior bankers in expansion drive + MORE Jan 9th
Dai Clement will become global head of power, utilities and infrastructure investment banking at Jefferies
.... More »
MoneySense Toolkit: The mortgage refinance calculator Jan 13th
Mortgage payment calculator
Depending on your circumstances, refinancing your mortgage can be a smart financial choice. However, while you can reap substantial savings, there can also be high costs when refinancing a mortgage. That’s where a mortgage refinance calculator comes in. It can g.... More »
Is now the time for retirees to sell stocks and buy GICs? + MORE Aug 10th
Ask MoneySense
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
.... More »
Verdict expected in huge damages granted to French bank + MORE Sep 23rd
VERSAILLES, France – A French court is deciding whether bank Societe Generale shared responsibility with a convicted former trader for huge losses reported in 2008 and should be deprived of billions in damages.
An appeals court in Versailles, outside Paris, rules Friday on whether to uphold, q.... More »
Apple’s Tim Cook got a raise of more than $1 million last year, earning more than $10 million
– canadianbusiness.com
SAN FRANCISCO – Apple CEO Tim Cook got a raise of more than $1 million last year, though he didn’t make as much as his top lieutenants.
The tech company says in a filing that Cook’s total pay was nearly $10.3 million, including $2 million salary, an $8 million bonus and $209,000 for private security. Apple paid five senior vice-presidents more than $25 million apiece, including stock grants worth $20 million.
Cook hasn’t received stock in recent years. He was given restricted grants worth $384 million in 2011, when he became CEO.
Apple earned a record $53 billion profit on sales of $233.7 billion in the fiscal year ending in September. Its stock rose 15 per cent during that period, although shares have sagged recently amid worries about Apple’s ability to keep growing.
The post Apple’s Tim Cook got a raise of more than $1 million last year, earning more than $10 million appeared first on Canadian Business – Your Source For Business News.
The tech company says in a filing that Cook’s total pay was nearly $10.3 million, including $2 million salary, an $8 million bonus and $209,000 for private security. Apple paid five senior vice-presidents more than $25 million apiece, including stock grants worth $20 million.
Cook hasn’t received stock in recent years. He was given restricted grants worth $384 million in 2011, when he became CEO.
Apple earned a record $53 billion profit on sales of $233.7 billion in the fiscal year ending in September. Its stock rose 15 per cent during that period, although shares have sagged recently amid worries about Apple’s ability to keep growing.
The post Apple’s Tim Cook got a raise of more than $1 million last year, earning more than $10 million appeared first on Canadian Business – Your Source For Business News.
Calfrac stock plunges on news of CFO’s retirement
– theglobeandmail.com
Mick McNulty is leaving after just two years on the job
Netflix has begun streaming its Internet video service in 130 more countries, nearly completing its expansion a year ahead of schedule.
What’s driving RBC’s mortgage-rate rise?
– theglobeandmail.com
An ‘inhospitable lending environment’ is being shaped by rising global financial risks and additional pressure on bank profits
The hot real estate markets in Vancouver and Toronto post record sales in a year that saw already stratospheric prices rise even higher.
