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
Financial literacy for seniors Nov 17th
Age has long been associated with wisdom. And while scientific studies offer conflicting results about the correlation between aging and wisdom, we all know people older than us who seem to have all the right answers—as well as some who start to show signs of cognitive impairment as they age.
My.... More »
What will it take to re-energize oil stocks? + MORE Dec 1st
The energy sector has performed reasonably well in 2016, but you don’t have to ask an Albertan to know it’s still a long way off from what it was. What will it take to re-energize the oil stocks? Here are three key signals Lanny Pendill at Edward Jones says you need to watch before you top up th.... More »
Donald Trump’s asymmetrical bid for the White House + MORE Dec 19th
Victor J. Blue/Bloomberg/Getty
WASHINGTON — It can be hard to see where Donald Trump the business ends and Donald Trump the presidential candidate begins.
When rivals level political attacks, the Republican front-runner’s company attorney threatens lawsuits on corporate letterhead. When his .... More »
Ivanhoe Cambridge says co-working can help communities facing economic struggles + MORE Nov 20th
MONTREAL – One of North America’s largest property owners says the growing popularity of shared office spaces can inject youthful energy into traditional office towers and give hope to struggling communities.
“It kind of moves you away from your father’s office building and b.... More »
Making sense of the markets this week: March 3, 2024 + MORE Mar 1st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. And Stephanie Griffiths was an award-winning investor for almost 20 years before returning to her roots in journalism. She is .... More »
Behold the unchanged Bank of Canada interest rate
– macleans.ca
The next few days could bring big announcements – or old news – for Canada, the UK and Europe, as central banks prepare to announce their interest rate targets. In the mean time, volatile oil prices are sending world exchanges on a bumpy ride.
The day ahead
It’s still bank season! The country’s big banks are releasing their earnings this week, with the Royal Bank of Canada reporting today. BMO released their earnings yesterday, with lower than predicted profits. The bank increased their dividend to 80 cents, but shares had slipped a couple dollars by the end of the day.
Update: RBC announced an 11% increase from last year in their fourth quarter earnings, to $2.3 million. Fiscal year earnings were up by 8% to $9 billion. The bank said the increase came from strong retail banking, outweighing lower trading revenue.
The Bank of Canada will announce its interest rate target this morning. But don’t expect anything radical – the interest rate will probably stay at 1 percent…
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
