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
Telus third-quarter profit slips despite revenue, subscriber growth + MORE Nov 4th
VANCOUVER – Telus Corp. (TSX:T) had a lower third-quarter profit despite higher revenue and continued subscriber growth, as expenses and accounting items took a bigger bite out of its earnings.
The Vancouver-based telecom company’s net income fell to $355 million from $365 million in the.... More »
Private equity, private debt and more alternative investments: Should you invest? Sep 10th
You may have heard friends or acquaintances talk about investing in private investments, or maybe your financial advisor has recommended them to you. There are valid reasons for all the talk around private investing of late, but also reasons for caution. Read on to learn more about the asset class a.... More »
Where are Nvidia’s chips made? Apr 15th
Nvidia announced Monday that it will produce its artificial intelligence (AI) super computers in the United States for the first time.
AP Photo
The tech giant said it has commissioned more than one million square feet of manufacturing space to build and test its specialized Blackwell chips in .... More »
Hudson’s Bay to liquidate entire business, still seeking additional capital - Toronto Star Mar 15th
Hudson’s Bay to liquidate entire business, still seeking additional capital Toronto StarHudson’s Bay to start liquidating stores as early as next week CityNews TorontoHudson's Bay Company nearly $1B in debt, with court filings painting dire financial portrait CBC.... More »
Reducing capital gains on a cottage Jul 31st
Got questions about capital gains tax and cottages? Here are three MoneySense reader questions answered by Certified Financial Planner Jason Heath.
Capital gains and cottages questions
How naming beneficiaries can affect taxes and probate
Using renovations to lower capital gains tax
Reduc.... More »
Why a long-term car loan is a bad idea
– moneysense.ca
OTTAWA – Buying a new car is an expensive proposition that for many Canadians means borrowing money.
But financial experts caution shoppers not to be lured into spending more than they can afford through long-term auto loans that offer lower monthly payments, but ultimately cost more.
Brigitte Goulard, deputy commissioner at the Financial Consumer Agency of Canada, says consumers need to consider more than the monthly payment.
“One of the most common pitfalls we see are people just thinking about the type of car that they want,” she said.
Goulard say by extending the term of a car loan to seven or eight years, it will drop the monthly payment, but borrowers will pay more in interest.
Why longer car loans should worry you »
“You walk into a dealer and sometimes the first question they’ll ask you is how much can you afford monthly,” she said.
“You need to think about monthly in terms of the car that you can afford. So if you think you can only afford a small compact, go for the small compact…
But financial experts caution shoppers not to be lured into spending more than they can afford through long-term auto loans that offer lower monthly payments, but ultimately cost more.
Brigitte Goulard, deputy commissioner at the Financial Consumer Agency of Canada, says consumers need to consider more than the monthly payment.
“One of the most common pitfalls we see are people just thinking about the type of car that they want,” she said.
Goulard say by extending the term of a car loan to seven or eight years, it will drop the monthly payment, but borrowers will pay more in interest.
Why longer car loans should worry you »
“You walk into a dealer and sometimes the first question they’ll ask you is how much can you afford monthly,” she said.
“You need to think about monthly in terms of the car that you can afford. So if you think you can only afford a small compact, go for the small compact…
7 simple differences between RRSPs and TFSAs
– moneysense.ca
Registered Retirement Savings Plans (RRSPs) and Tax Free Savings Accounts (TFSAs) are the go-to products for Canadians who are serious about socking away some money for the future, whether it’s for retirement or for a big purchase, like a house. While the two products are similar in many ways, there are also a number of areas in which they are not. These differences may seem a little ‘duh’ for some, but laying out the obvious is a good start as you consider the more complicated question of which one is right for you—whether you’re just beginning to make the decision or if you’re rethinking your current strategy. Here are seven simple things that differentiate RRSPs from TFSAs.
1. How old they are
RRSPs have been around a lot longer than their tax-free cousin. The RRSP was introduced in 1957 by the Liberal government of Prime Minister Louis St. Laurent. Fifty-one years later in 2008, the Conservative government of Prime Minister Stephen Harper rolled out the Tax-Free Savings Account…
1. How old they are
RRSPs have been around a lot longer than their tax-free cousin. The RRSP was introduced in 1957 by the Liberal government of Prime Minister Louis St. Laurent. Fifty-one years later in 2008, the Conservative government of Prime Minister Stephen Harper rolled out the Tax-Free Savings Account…
Higher tax on capital gains unlikely to deter property investment
– theglobeandmail.com
Capital gains on non-principal properties would probably be just an annoyance for a relatively slim number of wealthy Canadians
B.C. court tosses out lawsuit against Maple Leafs coach over failed hotel project
– theglobeandmail.com
Mike Babcock was sued over his investment in a Holiday Inn Express and Suites in Squamish
Turquoise Hill Resources posts profit of $171 million in fourth quarter
– canadianbusiness.com
VANCOUVER – VANCOUVER, British Columbia (AP) _ Turquoise Hill Resources Ltd. (TRQ) on Thursday reported fourth-quarter profit of $171 million.
The Vancouver, British Columbia-based company said it had net income of 10 cents per share.
The metal and coal mining company posted revenue of $355.6 million in the period.
For the year, the company reported net income of $313.3 million, or 16 cents per share, swinging to a profit in the period. Revenue was reported as $1.63 billion.
In the final minutes of trading on Thursday, the company’s shares hit $2.95. A year ago, they were trading at $3.03.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRQ at http://www.zacks.com/ap/TRQ
_____
Keywords: Turquoise Hill Resources, Earnings Report
The post Turquoise Hill Resources posts profit of $171 million in fourth quarter appeared first on Canadian Business – Your Source For Business News.
The Vancouver, British Columbia-based company said it had net income of 10 cents per share.
The metal and coal mining company posted revenue of $355.6 million in the period.
For the year, the company reported net income of $313.3 million, or 16 cents per share, swinging to a profit in the period. Revenue was reported as $1.63 billion.
In the final minutes of trading on Thursday, the company’s shares hit $2.95. A year ago, they were trading at $3.03.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRQ at http://www.zacks.com/ap/TRQ
_____
Keywords: Turquoise Hill Resources, Earnings Report
The post Turquoise Hill Resources posts profit of $171 million in fourth quarter appeared first on Canadian Business – Your Source For Business News.
