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TD e-Series Funds: The Next Generation + MORE Aug 31st
For almost 20 years, the TD e-Series mutual funds have been one of the cheapest and easiest ways to build a Couch Potato portfolio. For most of that time they’ve gone about their business without much fuss, all the while outperforming the vast majority of their peers. But now there are some change.... More »
How the best balanced funds are riding the bear market Mar 10th
Investors have been taken on a wild ride in recent months. The Canadian stock market fell by more that 20% from its all-time high and well into bear market territory early this year. While it clawed back a bit since then, the market remains depressed.
But the big downturn in Canadian stocks didnR.... More »
Rewards can be great with cryptocurrency investing — but so can the risks + MORE Dec 21st
The growing frenzy around bitcoin and other cryptocurrency offerings has prompted warnings from a range of financial heavyweights on the risks that current and potential investors should keep in mind..... More »
Tesla to significantly raise prices of all cars in Canada, website shows - Reuters Jan 23rd
Tesla to significantly raise prices of all cars in Canada, website shows ReutersTesla Just Raised Prices in One Key Market. What It Means for the Stock. Barron'sTesla Raises Prices Again, Steeper Hikes to Follow on Feb. 1 The Car GuideTesla EVs Are About To Get A Lot.... More »
Biogen to invest $92 million in Puerto Rico, create 350 jobs + MORE Oct 31st
SAN JUAN, Puerto Rico – U.S. drugmaker Biogen Inc. is investing more than $92 million in Puerto Rico after buying assets that once belonged to Eli Lilly & Co. in the island’s southern region.
Gov. Alejandro Garcia Padilla says the Massachusetts-based company will manufacture active p.... More »
Bank of Montreal joins chorus of economists predicting interest rate cut
– canadianbusiness.com
OTTAWA – The odds that the Bank of Canada will lower its key interest rate next week are rising, with some of the country’s big banks now predicting a rate cut.
Economists at the Bank of Montreal joined what is a growing chorus of analysts Thursday in predicting the central bank will cut its key interest rate next Wednesday when it releases its updated forecast for the economy.
The Bank of Montreal cited low oil prices, a weak business outlook survey and recent comments by governor Stephen Poloz as reasons for its new forecast.
“The Business Outlook Survey showed the lowest investment and hiring intentions since the Great Recession,” the Bank of Montreal said in a research note Thursday.
“The commodity sector’s pain is spreading to the domestically-focused, non-resource parts of the economy, trumping the gains in non-commodity exports to the U.S.”
The key overnight rate sits at 0.5 per cent, and expectations that the Bank of Canada will cut its rate target have been gaining momentum with the low price of oil…
Economists at the Bank of Montreal joined what is a growing chorus of analysts Thursday in predicting the central bank will cut its key interest rate next Wednesday when it releases its updated forecast for the economy.
The Bank of Montreal cited low oil prices, a weak business outlook survey and recent comments by governor Stephen Poloz as reasons for its new forecast.
“The Business Outlook Survey showed the lowest investment and hiring intentions since the Great Recession,” the Bank of Montreal said in a research note Thursday.
“The commodity sector’s pain is spreading to the domestically-focused, non-resource parts of the economy, trumping the gains in non-commodity exports to the U.S.”
The key overnight rate sits at 0.5 per cent, and expectations that the Bank of Canada will cut its rate target have been gaining momentum with the low price of oil…
At midday: TSX rises as rally in oil prices supports energy stocks – The Globe and Mail
– news.google.ca
Vancouver SunAt midday: TSX rises as rally in oil prices supports energy stocksThe Globe and MailCanada's main stock index rose on Thursday after falling to a fresh 2-1/2-year low, as a rally in crude oil prices helped support energy stocks, while losses were unwound for financial stocks. The index has fallen 6 per cent in the first two weeks of …Canadian dollar falls below 69.5 cents US, oil steadyCTV NewsCanadian dollar remains below 70 cents US, oil steady, foreign stock indexs downEdmonton JournalCanadian dollar remains below 70 cents USGlobalnews.caall 40 news articles »
Average US rate on 30-year mortgage falls to 3.92 per cent
– canadianbusiness.com
WASHINGTON – Average long-term U.S. mortgage rates fell this week amid continued turbulence in global stock markets.
It was the second straight weekly decline for the rate on the key 30-year loan. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage dipped to 3.92 per cent from 3.97 per cent a week earlier. That rate has increased from its 3.66 per cent average a year ago but remains well below its historic average of 6 per cent.
The average rate on 15-year fixed-rate mortgages eased to 3.19 per cent from 3.26 per cent.
The tumult in stock markets around the world that started off the year, triggered by economic stability in China, continued in the latest week. That has pushed up prices of U.S. government bonds, depressing their yields, which mortgage rates track.
The yield on the 10-year Treasury bond fell to 2.09 per cent Wednesday from 2.17 per cent a week earlier. The yield slipped further to 2.06 per cent Thursday morning.
The declining mortgage rates have spurred more prospective homebuyers to apply for loans…
It was the second straight weekly decline for the rate on the key 30-year loan. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage dipped to 3.92 per cent from 3.97 per cent a week earlier. That rate has increased from its 3.66 per cent average a year ago but remains well below its historic average of 6 per cent.
The average rate on 15-year fixed-rate mortgages eased to 3.19 per cent from 3.26 per cent.
The tumult in stock markets around the world that started off the year, triggered by economic stability in China, continued in the latest week. That has pushed up prices of U.S. government bonds, depressing their yields, which mortgage rates track.
The yield on the 10-year Treasury bond fell to 2.09 per cent Wednesday from 2.17 per cent a week earlier. The yield slipped further to 2.06 per cent Thursday morning.
The declining mortgage rates have spurred more prospective homebuyers to apply for loans…
Shaw Communications Inc. says despite hard times in Western Canada, it’s making no changes to its 2016 plans and expects this year’s operating income benchmark will be flat or slightly higher than in fiscal 2015.
Canadian dollar falls below 69.5 cents US, oil steady, stock markets down
– canadianbusiness.com
TORONTO – The Canadian dollar fell below 69.5 cents cents US Thursday as stock markets around the world traded lower.
The loonie was as low as at 69.46 cents US after North American stock markets began their day. The currency finished the day Wednesday at 69.71 cents U.S., the first close below 70 cents U.S. since April 2003.
Toronto Stock Exchange’s S&P/TSX composite index was down 98.34 points at 12,072.07. On Wednesday, it lost 203.49 points, marking the 10th losing day since the Christmas break.
The Dow Jones average of 30 stocks was down 27.84 points at 16,123.57, the broader S&P 500 index declined 6.6 points to 1,883.68 and the Nasdaq 100 lost 36.4 points to 4,146.71.
Most major European indexes were also down and Asian markets closed lower with the exception of Shanghai, which rose nearly 2.2 per cent.
On the commodity markets, the February gold contract was down $1.10 at US$1,086.00 an ounce and the February crude contract was up 43 cents at US$30.91 per barrel — near the lowest levels in years…
The loonie was as low as at 69.46 cents US after North American stock markets began their day. The currency finished the day Wednesday at 69.71 cents U.S., the first close below 70 cents U.S. since April 2003.
Toronto Stock Exchange’s S&P/TSX composite index was down 98.34 points at 12,072.07. On Wednesday, it lost 203.49 points, marking the 10th losing day since the Christmas break.
The Dow Jones average of 30 stocks was down 27.84 points at 16,123.57, the broader S&P 500 index declined 6.6 points to 1,883.68 and the Nasdaq 100 lost 36.4 points to 4,146.71.
Most major European indexes were also down and Asian markets closed lower with the exception of Shanghai, which rose nearly 2.2 per cent.
On the commodity markets, the February gold contract was down $1.10 at US$1,086.00 an ounce and the February crude contract was up 43 cents at US$30.91 per barrel — near the lowest levels in years…
