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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Nintendo shares slump as price hikes, games shortfall spook market - BNN Bloomberg May 11th
Nintendo shares slump as price hikes, games shortfall spook market BNN BloombergNintendo hiking price for Switch 2 consoles CBCNintendo plunges 8% after Switch 2 price hike and weak sales forecast CNBCAssessing Nintendo (TSE:7974) Valuation After Strong Earnings, Sof.... More »
Making sense of the markets this week: April 17 + MORE Apr 14th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
If a TFSA and an RRSP had a child: The new FHSA
As part of the 2022 budget, the government unveiled its new tax-free first home savings account.... More »
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.... More »
TFSA contribution room calculator Dec 11th
Tax-free savings accounts (TFSAs) are one of the most popular tools for retirement savings. Since you contribute funds that you’ve already paid taxes on, you’ll enjoy tax-free growth. However, the government places limitations on how much you can contribute every year and overall. This is known .... More »
Documents detail price hike decisions by Turing, Valeant
– canadianbusiness.com
WASHINGTON – House lawmakers have released a trove of documents detailing hikes in drug prices by Turing Pharmaceuticals and Valeant Pharmaceuticals that have sparked public outrage over pharmaceutical pricing.
Excerpts from the 300,000 documents showcase the internal strategy of Turing’s former CEO Martin Shkreli, who became the enfant terrible of the pharmaceutical industry last fall after hiking the price of a life-saving drug by more than 5,000 per cent.
Shkreli said in an email to one contact that “We raised the price from $1,700 per bottle to $75,000. Should be a very handsome investment for all of us.”
Separate documents show that Valeant and its CEO J. Michael Pearson decided to buy two life-saving heart drugs, Nitropress and Isuprel, to dramatically hike prices and drive up his company’s revenue and profit.
The post Documents detail price hike decisions by Turing, Valeant appeared first on Canadian Business – Your Source For Business News.
Excerpts from the 300,000 documents showcase the internal strategy of Turing’s former CEO Martin Shkreli, who became the enfant terrible of the pharmaceutical industry last fall after hiking the price of a life-saving drug by more than 5,000 per cent.
Shkreli said in an email to one contact that “We raised the price from $1,700 per bottle to $75,000. Should be a very handsome investment for all of us.”
Separate documents show that Valeant and its CEO J. Michael Pearson decided to buy two life-saving heart drugs, Nitropress and Isuprel, to dramatically hike prices and drive up his company’s revenue and profit.
The post Documents detail price hike decisions by Turing, Valeant appeared first on Canadian Business – Your Source For Business News.
Readers share their best money advice
– moneysense.ca
Streamline your strategyI got a late start to investing and I don’t have a lot of time, so my aim is to get decent returns at a low cost with very little hands-on management. I also don’t have a high risk tolerance so my answer has always been to invest in a simple, low-fee balanced fund. I contribute 28% of my paycheque into it, along with any raises or bonuses. I’ve averaged 8% in annual returns for the past three years and that’s good enough for me
—Jeremy DeBoer, 39, Sarnia, Ont.
Join an investment club
Twelve years ago I immigrated here from England with no money in my pocket. I read a lot of books on investing but one of the best things I did was join an investment club. I wanted to learn about exchange traded funds and club members really helped me understand them better. I also loved showing some of the older, retired members in the club how to set up a passive income stream with dividends to supplement their retirement incomes. The more you share the more your money grows as well…
Canada’s benchmark stock index and currency were both lower on Tuesday as oil dipped back below $30 per barrel and hopes of a production cut were dashed.
WestJet ends 2015 with weak profit, revenue – CTV News
– news.google.ca
CTV NewsWestJet ends 2015 with weak profit, revenueCTV NewsCALGARY — WestJet Airlines has been hit hard by the dollar's decline, which contributed to a 30 per cent decline in fourth-quarter profit. The Calgary-based airline says its net income and adjusted earnings were both $63.4 million or 51 cents per …WestJet profit falls below estimates as Alberta economy weakensReuters Canadaall 34 news articles »
Loonie falls more than half a U.S. cent, stock markets lower early Tuesday
– canadianbusiness.com
TORONTO – The Canadian dollar was down more than half of a U.S. cent as North American stock markets opened lower Tuesday.
The loonie traded at 71.20 cents US, down 0.59 from Monday’s close.
The currency had been down about three-quarters of a cent at 9:15 a.m. after dropping sharply to as low as 71.03 cents US over 90 minutes.
North American stock markets were also lower as they opened at 9:30 a.m.
The Toronto Stock Exchange’s S&P/TSX index opened 176.61 points lower at 12,497.76, a decline of 1.3 per cent from Monday.
In New York, the major indexes were down by less than one per cent.
The Dow Jones industrials average was down 154.02 points at 16,295.16, the S&P 500 index declined 13.66 points to 1,925.72 and the Nasdaq lost 28.12 points to 4,258.43.
On the commodity markets, the April gold contract rose $1.80 to US$1,129.80 an ounce and the February crude contract was down $1.29 at US$30.33 per barrel.
Note to readers: This is a corrected story. A previous version said the loonie traded down from Tuesday’s close…
The loonie traded at 71.20 cents US, down 0.59 from Monday’s close.
The currency had been down about three-quarters of a cent at 9:15 a.m. after dropping sharply to as low as 71.03 cents US over 90 minutes.
North American stock markets were also lower as they opened at 9:30 a.m.
The Toronto Stock Exchange’s S&P/TSX index opened 176.61 points lower at 12,497.76, a decline of 1.3 per cent from Monday.
In New York, the major indexes were down by less than one per cent.
The Dow Jones industrials average was down 154.02 points at 16,295.16, the S&P 500 index declined 13.66 points to 1,925.72 and the Nasdaq lost 28.12 points to 4,258.43.
On the commodity markets, the April gold contract rose $1.80 to US$1,129.80 an ounce and the February crude contract was down $1.29 at US$30.33 per barrel.
Note to readers: This is a corrected story. A previous version said the loonie traded down from Tuesday’s close…
