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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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 (12,331.32, up 188.16 points):
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 27 cents, or 11.20 per cent, to $2.68 on 8.9 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down one cent, or 0.98 per cent, to $1.01 on 7.8 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up one cent, or 0.40 per cent, to $2.50 on 7.5 million shares.
HudBay Minerals Inc. (TSX:HBM). Miner. Up two cents, or 0.86 per cent, to $2.35 on 6.9 million shares.
Whitecap Resources Inc. (TSX:WCP). Oil and gas. Up 26 cents, or 3.73 per cent, to $7.23 on 6.6 million shares.
Trican Well Service Ltd. (TSX:TCW). Oil and gas. Up 63 cents, or 84 per cent, to $1.38 on 5.5 million shares.
Companies reporting major news:
Canadian National Railway (TSX:CNR). Transportation. Up $1.14, or 1.63 per cent, to $71.29 on 3.6 million shares. Canadian National Railway announced after markets closed that it was boosting its dividend by 20 per cent after capping a challenging year by growing profits 11 per cent to $941 in the fourth quarter even as revenues decreased one per cent to $3…
Toronto Stock Exchange (12,331.32, up 188.16 points):
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 27 cents, or 11.20 per cent, to $2.68 on 8.9 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down one cent, or 0.98 per cent, to $1.01 on 7.8 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up one cent, or 0.40 per cent, to $2.50 on 7.5 million shares.
HudBay Minerals Inc. (TSX:HBM). Miner. Up two cents, or 0.86 per cent, to $2.35 on 6.9 million shares.
Whitecap Resources Inc. (TSX:WCP). Oil and gas. Up 26 cents, or 3.73 per cent, to $7.23 on 6.6 million shares.
Trican Well Service Ltd. (TSX:TCW). Oil and gas. Up 63 cents, or 84 per cent, to $1.38 on 5.5 million shares.
Companies reporting major news:
Canadian National Railway (TSX:CNR). Transportation. Up $1.14, or 1.63 per cent, to $71.29 on 3.6 million shares. Canadian National Railway announced after markets closed that it was boosting its dividend by 20 per cent after capping a challenging year by growing profits 11 per cent to $941 in the fourth quarter even as revenues decreased one per cent to $3…
Coach, Sprint and 3M climb while Lockheed shares slip
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Coach Inc., up $2.98 to $33.33
The luxury handbag maker’s fourth-quarter profit surpassed analyst expectations.
3M Co., up $7.21 to $144.78
The maker of Post-it notes, industrial coatings and ceramics reported strong results and backed its annual forecast.
Procter & Gamble Co., up $1.96 to $78.81
The consumer goods maker said its profit increased as it raised prices and cut costs.
Johnson & Johnson, up $4.78 to $101.18
The health care conglomerate reported a larger quarterly profit after it sold its Cordis heart device business.
Corning Inc., up 95 cents to $17.71
The specialty glass maker rose after its fourth-quarter results were better than expected.
Sprint Corp., up 47 cents to $2.99
The wireless provider raised its outlook for the year and said it lured more users.
Lockheed Martin Corp., down $1.08 to $209.93
Lockheed will buy engineering company Leidos, combine it with its information systems and global solutions unit, then separate that company…
NYSE
Coach Inc., up $2.98 to $33.33
The luxury handbag maker’s fourth-quarter profit surpassed analyst expectations.
3M Co., up $7.21 to $144.78
The maker of Post-it notes, industrial coatings and ceramics reported strong results and backed its annual forecast.
Procter & Gamble Co., up $1.96 to $78.81
The consumer goods maker said its profit increased as it raised prices and cut costs.
Johnson & Johnson, up $4.78 to $101.18
The health care conglomerate reported a larger quarterly profit after it sold its Cordis heart device business.
Corning Inc., up 95 cents to $17.71
The specialty glass maker rose after its fourth-quarter results were better than expected.
Sprint Corp., up 47 cents to $2.99
The wireless provider raised its outlook for the year and said it lured more users.
Lockheed Martin Corp., down $1.08 to $209.93
Lockheed will buy engineering company Leidos, combine it with its information systems and global solutions unit, then separate that company…
Canadians sitting on $75 billion in extra cash
– moneysense.ca
TORONTO – Canadians are holding a record $75 billion in extra cash and continue to sock away money at a rate not seen in more than four years, according to a new report from CIBC World Markets.
Normally that extra money would be invested in equities, but the study found that nervousness over volatility in the markets has many Canadians reluctant to take the plunge.
And that, CIBC says, could end up costing them billions in lost investment returns.
According to the study, excess cash reserves held by Canadians have risen notably since the 2008 financial crisis.
In the past year alone, cash positions are estimated to have risen more than 11 per cent — the fastest pace since early 2012 — reaching $75 billion as of December 2015.
Cash out your emergency fund »
That figure represented almost 10 per cent of the total value of overall personal liquid assets in Canada.
“We are currently witnessing the creation of personal cash buffers larger than at any other time on record,” said Benjamin Tal, deputy chief economist at CIBC World Markets and a co-author of the report…
Normally that extra money would be invested in equities, but the study found that nervousness over volatility in the markets has many Canadians reluctant to take the plunge.
And that, CIBC says, could end up costing them billions in lost investment returns.
According to the study, excess cash reserves held by Canadians have risen notably since the 2008 financial crisis.
In the past year alone, cash positions are estimated to have risen more than 11 per cent — the fastest pace since early 2012 — reaching $75 billion as of December 2015.
Cash out your emergency fund »
That figure represented almost 10 per cent of the total value of overall personal liquid assets in Canada.
“We are currently witnessing the creation of personal cash buffers larger than at any other time on record,” said Benjamin Tal, deputy chief economist at CIBC World Markets and a co-author of the report…
Couch Potato works with employer retirement plans
– moneysense.ca
As the old adage goes, investing is simple, but not easy. It’s simple because all you need to do is save, diversify, keep your costs low and stick to a plan. But it’s not easy because we’re human, and we’re not hardwired to do any of those things. If you’re fortunate enough to have a retirement savings plan at work, however, then investing could be simpler and easier than you think.
Most employer-sponsored plans allow you to save painlessly through payroll deductions—often with a top-up from your company. Your money then gets invested automatically and your portfolio even gets rebalanced regularly. It’s the ultimate Couch Potato solution, requiring zero maintenance. Here’s how you can make the most of yours.
Understand your plan.
Employer retirement savings plans are usually administered by an insurance company such as SunLife, Standard Life, Manulife, Great West Life and others. They vary a lot, so the first step is understanding how yours is structured.
Many companies offer a defined contribution (DC) pension plan, which is similar to an RRSP, although it’s less flexible…
Most employer-sponsored plans allow you to save painlessly through payroll deductions—often with a top-up from your company. Your money then gets invested automatically and your portfolio even gets rebalanced regularly. It’s the ultimate Couch Potato solution, requiring zero maintenance. Here’s how you can make the most of yours.
Understand your plan.
Employer retirement savings plans are usually administered by an insurance company such as SunLife, Standard Life, Manulife, Great West Life and others. They vary a lot, so the first step is understanding how yours is structured.
Many companies offer a defined contribution (DC) pension plan, which is similar to an RRSP, although it’s less flexible…
PSP Investments, one of Canada’s largest pension investment managers, has joined with New York private equity firm Lightyear Capital to buy the broker-dealer operations of U.S. insurer AIG.
