The “Big Five” Canadian banks 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). Are there other viable options?
Latest News
What Should You Do With Your Tax Return? Apr 26th
Getting a bit of extra money is always a bonus, and it turns out the average tax return in Canada is around $1,600. In 2019 so far, the CRA reports the average tax return at $1,614. So if you get a refund, what should you do with it?
If you decide to invest it, what’s the best vehicle? A .... More »
Britain’s top 10 U.K. banks may pay $9.2-billion a year in tax: study + MORE Sep 7th
The study conducted by accounting firm EY, said that a new surcharge on profits to be introduced by the British government will occur before an existing levy is phased out, which would hit some banks hard
.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Jun 24th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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For the record: Stephen Poloz’s speech on central bank credibility + MORE Mar 26th
Matt Dunham/AP
Bank of Canada Governor Stephen Poloz addressed the Canada-United Kingdom Chamber of Commerce Thursday. What follows is a transcript of his prepared speech, titled ‘Central Bank Credibility and Policy Normalization’:
I am happy to be in the City and to have the opportunity.... More »
From City to Suburb + MORE Jul 3rd
Shrinking home affordability has topped Canadian housing headlines for weeks running – and it’s no surprise, as prices in urban centres push past the $1-million mark. In fact, according to our recent poll, 83% of millennial home buyers feel that it’s less affordable to buy in today’s ma.... More »
Bank Earnings Take Center-Stage this Week
– blogs.wsj.com
Earnings season for Canada’s big-five banks kicks off Tuesday and the performance of their international operations is expected to attract close scrutiny amid slowing loan growth in the banks’ domestic businesses.
AP Source: China’s Sina plans New York IPO for Weibo microblog that would raise $500 million
– canadianbusiness.com
HONG KONG – Chinese internet company Sina Corp. plans to spin off its Twitter-like microblog service, Weibo, in a U.S. initial public offering to raise $500 million, a person with knowledge of the deal said Tuesday.
The person, who requested anonymity because they weren’t authorized to speak publicly about the deal, said investment banks Goldman Sachs and Credit Suisse have been hired to manage the IPO in New York.
The share sale, which has not been officially announced, is expected to be carried out in the second quarter. The company did not return a request by phone and email for comment.
The plans were first reported by the Financial Times on Monday.
Sina’s IPO plans come as other Chinese internet heavyweights prepare for share sales.
Alibaba Group, China’s largest e-commerce company, is planning an IPO that’s widely expected to happen this year and could value the company at more than $100 billion. Alibaba bought an 18 per cent stake in Sina Weibo for $586 million last April…
The person, who requested anonymity because they weren’t authorized to speak publicly about the deal, said investment banks Goldman Sachs and Credit Suisse have been hired to manage the IPO in New York.
The share sale, which has not been officially announced, is expected to be carried out in the second quarter. The company did not return a request by phone and email for comment.
The plans were first reported by the Financial Times on Monday.
Sina’s IPO plans come as other Chinese internet heavyweights prepare for share sales.
Alibaba Group, China’s largest e-commerce company, is planning an IPO that’s widely expected to happen this year and could value the company at more than $100 billion. Alibaba bought an 18 per cent stake in Sina Weibo for $586 million last April…
