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
RBC Lowers Outlook on Banks Feb 2nd
The Globe and Mail, David Berman, 1 February 2019
Canadian bank stocks have rebounded over the past six weeks after touching their lowest valuations since the financial crisis. But an enduring recovery rests on profit and revenue growth over the year ahead, and the outlook here is murky at best.
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Gains for energy companies and banks boost U.S. stock indexes Jul 4th
U.S. stocks rose Monday as banks continued to climb along with interest rates, and energy companies rallied again with oil prices. Better-than-expected auto sales and a strong report on U.S. factories also boosted stocks..... More »
Canadian banks, insurance firms owe $1.2B in employee vacation pay, class actions allege - CBC.ca + MORE Mar 4th
Canadian banks, insurance firms owe $1.2B in employee vacation pay, class actions allege CBC.ca.... More »
Inflation's return could shock a generation that's never seen it: Don Pittis Jan 29th
There are warnings that inflation may be creeping back. The question is how seriously central banks will want to fight it..... More »
First half check-up Jul 17th
The first half of 2017 is in the history books. While the TSX only rose 0.74%, broader markets did very well. In Canadian dollar terms, the S&P 500 posted a gain of 5.68% for the first six months. Japanese equities increased 6.42% while European stocks returned 12.05%. Emerging markets topped th.... More »
One of the last men out of Fort McMurray
– macleans.ca
Roy Powell of Fort McMurray arrives at the Bold Centre in Lac La Biche, AB after being evacuated from fires that have taken over northern Alberta on Wednesday, May 04, 2016 . (Photograph by Chris Bolin)The afternoon after an entire city of more than 80,000 people cleared out, Fort McMurray reeked of burnt pine, lacked any semblance of its normal urban cacophony, and other than some distant smoke clouds, the sky was pretty and blue.
It’s that last fact that Roy Powell clung to as he protested two RCMP officers’ order at his door to leave on Wednesday, nearly a full day after the rest of his trailer park, neighbourhood and city were evacuated.
He had seen fires destroying the Abasand area Tuesday night, knew there was a threat at another edge of his Timberlea neighbourhood, had been watching the TV news about his city’s epic disaster. But the 69-year-old oilsands retiree wasn’t worried. He wanted to stay put with his cat.
“Naw, because I was on the other side of the river from the fire,” Powell said about the fire that was in fact ravaging both sides of the Athabasca River’s banks…
