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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Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
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October is, historically, the most volatile month for U.S. stocks. In fact, it was kind enough to author two of the most .... More »
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Brexit turmoil worrying British business leaders - The Globe and Mail Nov 15th
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TSX closes above 13,000 mark for first time this year
– moneysense.ca
TORONTO – The Toronto stock market closed at its highest level this year as it found support from rising metals and gold stocks.
The S&P/TSX composite index climbed 35.83 points at 13,017.93.
It’s the first time the exchange has closed above the 13,000-mark since Dec. 31.
The Canadian dollar declined 0.07 of a U.S. cent to 74.48 cents US.
That came as the greenback strengthened against most major currencies amid renewed expectations of a rate hike by the Federal Reserve following encourage signs from the U.S. economy.
4 reasons to love the low loonie »
In New York, indexes ended in positive territory after a report from payroll processor ADP that private American employers added a healthy 214,000 jobs in February.
The Dow Jones industrial average jumped 34.24 points at 16,899.32, while the Nasdaq composite gained 13.82 points to 4,703.42.
The broader S&P 500 added just 8.1 points to 1,986.45.
On commodity markets, the April contract for benchmark U.S. crude edged up 26 cents to US$34…
The S&P/TSX composite index climbed 35.83 points at 13,017.93.
It’s the first time the exchange has closed above the 13,000-mark since Dec. 31.
The Canadian dollar declined 0.07 of a U.S. cent to 74.48 cents US.
That came as the greenback strengthened against most major currencies amid renewed expectations of a rate hike by the Federal Reserve following encourage signs from the U.S. economy.
4 reasons to love the low loonie »
In New York, indexes ended in positive territory after a report from payroll processor ADP that private American employers added a healthy 214,000 jobs in February.
The Dow Jones industrial average jumped 34.24 points at 16,899.32, while the Nasdaq composite gained 13.82 points to 4,703.42.
The broader S&P 500 added just 8.1 points to 1,986.45.
On commodity markets, the April contract for benchmark U.S. crude edged up 26 cents to US$34…
The Toronto Stock Exchange closed above 13,000 points on Wednesday, coming within a hair of reversing the losses it has sustained since the beginning of the year.
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,017.93, up 35.83 points):
First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.43, or 27.55 per cent, to $6.62 on 20.4 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 47 cents, or 13.66 per cent, to $3.91 on 13.5 million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.55, or 19.47 per cent, to $9.51 on 11.3 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up four cents, or 2.84 per cent, to $1.45 on 10.9 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 39 cents, or 6.78 per cent, to $6.14 on 8.6 million shares.
Air Canada (TSX:AC). Airline. Up 38 cents, or 5.24 per cent, to $7.63 on 7.7 million shares.
Companies reporting major news:
Torstar Corp. (TSX:TS.B). Publishing. Unchanged at $1.96 on 169,595 shares. The company predicts another challenging year after reporting a $234.5-million loss in the fourth quarter, mostly as a result of writing down the value of its newspaper businesses…
Toronto Stock Exchange (13,017.93, up 35.83 points):
First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.43, or 27.55 per cent, to $6.62 on 20.4 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 47 cents, or 13.66 per cent, to $3.91 on 13.5 million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.55, or 19.47 per cent, to $9.51 on 11.3 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up four cents, or 2.84 per cent, to $1.45 on 10.9 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 39 cents, or 6.78 per cent, to $6.14 on 8.6 million shares.
Air Canada (TSX:AC). Airline. Up 38 cents, or 5.24 per cent, to $7.63 on 7.7 million shares.
Companies reporting major news:
Torstar Corp. (TSX:TS.B). Publishing. Unchanged at $1.96 on 169,595 shares. The company predicts another challenging year after reporting a $234.5-million loss in the fourth quarter, mostly as a result of writing down the value of its newspaper businesses…
Why automatic payments (almost) always makes sense
– moneysense.ca
I occasionally go to the gym. I don’t go regularly, I don’t go consistently and I certainly don’t go automatically. It’s not that I don’t like going to the gym; but, like everyone else’s, my life is busy and my schedule constantly changing. It seems there is always something more pressing that has to get done first. It would be so much easier if I could just transport myself there, Star Trek–style, and then be transported back home once I am finished. It would also be helpful if the transporter could return me from the gym at the precise moment I left, therefore ensuring that my workout consumes none of my valuable time.
Fortunately, unlike my fitness dilemma, there are options available to help us automate our personal finances. From regular paycheque withdrawals to online billing, you can largely set your financial life on autopilot. But is that always the best choice? It depends largely on whether you are saving or paying. Let’s take a look.
The most effective way for most of us to save for our futures is to arrange for a pre-determined amount of money to be automatically transferred into a separate account every time we get paid…
Fortunately, unlike my fitness dilemma, there are options available to help us automate our personal finances. From regular paycheque withdrawals to online billing, you can largely set your financial life on autopilot. But is that always the best choice? It depends largely on whether you are saving or paying. Let’s take a look.
The most effective way for most of us to save for our futures is to arrange for a pre-determined amount of money to be automatically transferred into a separate account every time we get paid…
RRSP contributions hold steady from last year
– moneysense.ca
RRSP contribution levels among Canadians have remained steady from last year, finds a BMO survey.
The bank says 53% of Canadians contributed to their RRSP before the February 29 deadline, down from 57% this time last year and 65% in 2014.
While the number of Canadians who contributed is down slightly from last year, the amount that Canadians have contributed has increased. On average, Canadians contributed $4,117 this year, compared to $3,737 in 2015 and $3,518 in 2014.
RRSP vs TFSA: Which one is right for you? »
Of the people surveyed by BMO, 42% reported that market volatility played no role while 37% stated that it did; 19% indicated that market volatility caused them to contribute more, while 18% said they contributed less.
The survey didn’t address what role 2015’s $10,000 TFSA contribution allowance had in changing how much people contributed to their registered plans.
The bank says 53% of Canadians contributed to their RRSP before the February 29 deadline, down from 57% this time last year and 65% in 2014.
While the number of Canadians who contributed is down slightly from last year, the amount that Canadians have contributed has increased. On average, Canadians contributed $4,117 this year, compared to $3,737 in 2015 and $3,518 in 2014.
RRSP vs TFSA: Which one is right for you? »
Of the people surveyed by BMO, 42% reported that market volatility played no role while 37% stated that it did; 19% indicated that market volatility caused them to contribute more, while 18% said they contributed less.
The survey didn’t address what role 2015’s $10,000 TFSA contribution allowance had in changing how much people contributed to their registered plans.
Survey methodology
The survey was conducted by Pollara with an online sample of 1,000 Canadians 18 years of age and over, between February 22th and 24th, 2016…
