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.
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Malaysia cuts fuel subsidies to fund welfare, reduce budget deficit
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Malaysia’s government said Monday it will cut fuel subsidies for the first time in nearly two years to save 3.3 billion ringgit ($1 billion) annually as part of crucial budget reforms.
Prime Minister Najib Razak said the reductions are needed to trim the budget deficit and strengthen economic fundamentals to boost investor confidence. The financial markets of some Asian countries have come under pressure as the anticipated scaling back of U.S. monetary stimulus spurs capital outflows from the region.
Najib, who is also finance minister, said the government will cut the gasoline subsidy by 20 sen (6 cents) to 63 sen (19 cents) a litre and diesel by 20 sen to 80 sen a litre from Tuesday.
Malaysia spends 24.8 billion ringgit a year on fuel subsidies. The reductions announced Monday will reduce that bill by 1.1 billion ringgit for the four months through December and 3.3 billion ringgit next year.
Najib said savings from the subsidy cut will help fund handouts for people on low incomes, which will be announced in the 2014 budget in October…
Prime Minister Najib Razak said the reductions are needed to trim the budget deficit and strengthen economic fundamentals to boost investor confidence. The financial markets of some Asian countries have come under pressure as the anticipated scaling back of U.S. monetary stimulus spurs capital outflows from the region.
Najib, who is also finance minister, said the government will cut the gasoline subsidy by 20 sen (6 cents) to 63 sen (19 cents) a litre and diesel by 20 sen to 80 sen a litre from Tuesday.
Malaysia spends 24.8 billion ringgit a year on fuel subsidies. The reductions announced Monday will reduce that bill by 1.1 billion ringgit for the four months through December and 3.3 billion ringgit next year.
Najib said savings from the subsidy cut will help fund handouts for people on low incomes, which will be announced in the 2014 budget in October…
4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
TORONTO – The Toronto stock market is in for a volatile week as traders…
Traders look to volatile week on markets amid Syrian uncertainty, Fed intentions
– canadianbusiness.com
TORONTO – The Toronto stock market is in for a volatile week as traders deal with uncertainty surrounding intervention in Syria’s civil war and speculation about whether the latest jobs data will further persuade the U.S. Federal Reserve to start winding up a key stimulus program.
On top of that, September has a well-deserved reputation of being a negative month for equity markets.
“You have seasonality, uncertainty with the Fed, uncertainty with Syria, the economic impact to what’s going on in the Mideast,” said Philip Petursson, director of institutional equities at Manulife Asset Management.
“Syria will influence or impact oil prices, which could impact gasoline prices, which is a drag on economic growth in the back half of the year. There’s a lot of uncertainty.”
The TSX closed last week lower but registered a 1.33 per cent gain for the month of August led by gains in gold stocks as investors bought up oversold gold miners while gold prices hit US$1,420 an ounce this week, a 3 1/2 month high amid escalating tensions in the Middle East and volatile currency markets…
On top of that, September has a well-deserved reputation of being a negative month for equity markets.
“You have seasonality, uncertainty with the Fed, uncertainty with Syria, the economic impact to what’s going on in the Mideast,” said Philip Petursson, director of institutional equities at Manulife Asset Management.
“Syria will influence or impact oil prices, which could impact gasoline prices, which is a drag on economic growth in the back half of the year. There’s a lot of uncertainty.”
The TSX closed last week lower but registered a 1.33 per cent gain for the month of August led by gains in gold stocks as investors bought up oversold gold miners while gold prices hit US$1,420 an ounce this week, a 3 1/2 month high amid escalating tensions in the Middle East and volatile currency markets…
