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?
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The best TD credit cards in Canada 2020 + MORE Aug 21st
Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s most storied big five banks. It offers a wide array of financial services including an impressive portfolio of more than two dozen credit cards. We break down the best TD credit ca.... More »
Wes Hall on the myths and realities of activist investing + MORE Jul 26th
Kingsdale Shareholder Services founder Wes Hall.(Portrait by Micah Bond)
When Wes Hall arrived on Bay Street nearly three decades ago, he was struck by how management placed a low priority on retail investors. “If you’re not happy, sell your stock,” was a typical response to their concerns, he.... More »
New plan to clean river polluted where Agent Orange was made Mar 5th
NEWARK, N.J. – The federal government has unveiled a revised plan to clean up a heavily contaminated stretch of a river where Agent Orange was made.
The plan, unveiled Friday by the Environmental Protection Agency, calls for about 20 per cent less contaminated Passaic River mud to be removed c.... More »
Making sense of the markets this week: November 2 Oct 31st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Big, juicy Canadian dividend stocks are on sale
In Canada, we now have the largest spread (in three decades) between Canadian bond yields and the Canadian high dividend inde.... More »
The best (and worst) of the big banks’ first-quarter results
– theglobeandmail.com
Which bank walked away with the most impressive results? That depends entirely on which number you look at
Hong-Kong-based executives of the Canada Pension Plan Investment Board first approached officials at Postal Savings Bank of China in 2013 with a view to invest. Two years later, the CPPIB pulled off a deal that would see it invest US$500 million in the company, one of China’s biggest retail banks. That move in late 2015 […]
A person walks through the halls of the centre block on Parliament Hill in Ottawa on Wednesday Sept. 22, 2010. (Sean Kilpatrick/CP)OTTAWA – A new analysis by one of Canada’s biggest banks says the federal government is on track to run $150 billion in budget deficits over the next five years.
The TD Bank report, released Tuesday, also estimates Ottawa’s current fiscal path means it will take more than a decade to bring the budget back into balance — unless the government raises taxes or cuts spending.
The bank says it produced the numbers after re-calculating Ottawa’s predicted shortfalls to account for the Liberal government’s electoral spending vows and TD’s below-consensus outlook for economic growth.
“Our estimates show deficits remain somewhat persistent, largely the result of our conservative view on long-term growth rates,” reads the report, co-authored by TD economists Derek Burleton and Brian DePratto.
“A key takeaway from our analysis is that absent additional revenues or adjustments to spending relative to the status quo, the federal deficit is poised to remain stubbornly elevated over the medium term…
