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
Canadian Securities Administrators Ignore Rule #1 about Rules + MORE Apr 30th
What's rule #1? A rule is not a rule unless it's enforced. Any two year old knows that if the parents say to do or not do something, unless there is a sanction that is actually applied, you can behave as you want. The rule doesn't actually exist in any practical sense. And they do.The CSA is exactly.... More »
Manitoba storm could be 'worst blizzard in decades,' Environment Canada says - CBC.ca Apr 11th
Manitoba storm could be 'worst blizzard in decades,' Environment Canada says CBC.caMajor spring blizzard threatens 50+ cm of snow with near impossible travel The Weather Network'Potential to be worst blizzard in decades': storm watch issued as 30-50 cm of snow now expected - St.... More »
Stock news for investors: Barrick leads earnings gains as major Canadian companies report mixed Q3 results + MORE Nov 13th
Here’s a round-up of news for Canadian investors this week.
Barrick
MEG Energy
Loblaw
Manulife
Linamar
Brookfield
Hydro One
Featured RRSP Accounts
featured
EQ Bank
.... More »
Investors flock to TD preferred-share offering despite lower yield + MORE Aug 30th
With financial institutions likely to follow in TD’s steps of lower yields, we now must ask: Have we seen peak yield?
.... More »
Early signs that Vancouver housing market correction may be over + MORE Apr 18th
Royal LePage says early evidence suggests that the recent correction in Vancouver’s housing market may be short-lived.
The realtor released a report Tuesday saying Canada’s two largest real estate markets continued their divergence in the first quarter of the year.
The aggregate price of.... More »
Should I underprice my home to start a bidding war?
– moneysense.ca
Q: The real estate market in Barrie is really hot right now, which won’t come as a surprise to anyone. But as a home seller, we still want to make sure we get the highest possible sale price. I’ve read about all these bidding wars and wonder if we should underprice our home to try and start a bidding war?— Want more for my home, Barrie, Ont.
Answer from Romana King, senior editor and real estate specialist at MoneySense: Listen, if you’re selling in today’s real estate market, your biggest concern is whether or not you can get top dollar for your home. In recent years, one tactic that has dominated the bigger markets—and stolen headline space—has been the use of bidding wars.
The idea behind a bidding war is to attract competing potential buyers with enough interest that they’ll increase their maximum purchase price and, ultimately, raise the final sale price for that home. The most obvious way to create a bidding war is to underprice a home…
Panama Papers: Better tax rules can help, but there will always be cheats
– theglobeandmail.com
The problem lies in those who would abuse these offshore financial services for unlawful ends.
A look at the various ways wealthy investors move money in and out of offshore companies and accounts, often staying under the taxman’s radar.
Tax havens explained: How the rich hide money offshore – CBC.ca
– news.google.ca
CBC.caTax havens explained: How the rich hide money offshoreCBC.caThe Panama Papers, the biggest collection of financial documents ever leaked to journalists, has revealed the shady world of offshore tax havens. Panama Papers: Document leak exposes global corruption, secrets of the rich · RBC denies wrongdoing after …Breaking down the Panama Papers: Top tax havens and moreCTV NewsCanadians are right to be angry over the Panama Papers leakMacleans.caRoyal Bank of Canada denies wrongdoing after Panama Papers, cites 'extensive due diligence'Financial PostReuters Canada -Toronto Star -National Post -Montreal Gazetteall 1,448 news articles »
Hudson’s Bay posts $370M Q4 profit; revenue soars to $4.5B on European purchase
– canadianbusiness.com
TORONTO – Hudson’s Bay Co. (TSX:HBC) has reported a sharp increase in both fourth-quarter and full-year net earnings as the department store group got a big boost from the sale of real estate investments.
The company, whose banners include Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue among others, said net earnings in the three months ended Jan. 30 was $370 million, or $1.88 per diluted share.
That was up from $115 million, or 62 cents per diluted share, in the comparable year-earlier period as the company realized $516 million on the sale of investments in its real estate joint venture.
Revenue soared 70.4 per cent to $4.486 billion from $2.632 billion, primarily as a result of the addition of HBC Europe following the close of its Galeria acquisition last September.
On a constant currency basis, HBC said consolidated comparable store sales — an important metric in retail — increased by 1.8 per cent for the quarter and 2.5 per cent for the year.
For the full year, net earnings totalled $387 million, up from $233 million in fiscal 2014…
The company, whose banners include Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue among others, said net earnings in the three months ended Jan. 30 was $370 million, or $1.88 per diluted share.
That was up from $115 million, or 62 cents per diluted share, in the comparable year-earlier period as the company realized $516 million on the sale of investments in its real estate joint venture.
Revenue soared 70.4 per cent to $4.486 billion from $2.632 billion, primarily as a result of the addition of HBC Europe following the close of its Galeria acquisition last September.
On a constant currency basis, HBC said consolidated comparable store sales — an important metric in retail — increased by 1.8 per cent for the quarter and 2.5 per cent for the year.
For the full year, net earnings totalled $387 million, up from $233 million in fiscal 2014…
