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
Toronto real estate soars to new heights + MORE Jun 4th
TORONTO – The Toronto area’s real estate market set a record last month, with nearly 13,000 homes sold, despite sky-high prices and new federal mortgage rules targeted at Canada’s most expensive housing markets.
The Toronto Real Estate Board said Friday the number of sales last month was up 10.... More »
Health of defined benefit pension plans hurt by falling interest rates + MORE Mar 31st
TORONTO – Aon Hewitt says the health of Canadian defined benefit pension plans has continued to decline this year due to falling long-term interest rates that have driven up plan liabilities.
The consulting firm says the median solvency funded ratio of 449 plans included in its survey was 89 p.... More »
Federal deficit through first eight months of fiscal year totals $9.1 billion + MORE Jan 27th
OTTAWA _ The federal government’s deficit for the first eight months of the current fiscal year was smaller than a year earlier as revenue growth outpaced increases in spending.
According to the latest fiscal monitor, Ottawa rang up a deficit of $9.1 billion for the period from April to Novemb.... More »
5.5 year - 2.65% + MORE Nov 7th
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-07. Click on the link above to get more details or apply online..... More »
Who reports capital gains if a stock is owned jointly? + MORE Apr 8th
Q. My question is regarding stock capital gains, specifically in a joint account with my wife at TD Waterhouse. We had a capital gain of $30,000 this year in our non-registered account. At 50% each, our capital gain for tax purposes is $15,000. Do we each have to report a gain of $7,500? Or, does.... More »
Boeing workers reject contract plan linked to 777X line in Wash. state
– canadianbusiness.com
SEATTLE – Despite warnings that production of Boeing’s next generation 777 plane could go to another state, machinists in the Northwest voted to reject a contract proposal late Wednesday that would have exchanged concessions for decades of secure jobs.
In response, the Boeing Co. said it would begin a bid process to find a home for its 777X production line.
Members of The International Association of Machinists District 751 rejected the proposal with 67 per cent of the votes. Union members who called for a no vote did so in protest of Boeing’s push to end a traditional pension plan and increase their health care costs. Workers would have received a $10,000 signing bonus if they approved the deal.
“We preserved something sacred by rejecting the Boeing proposal. We’ve held on to our pensions and that’s big. At a time when financial planners are talking about a ‘retirement crisis’ in America, we have preserved a tool that will help our members retire with more comfort and dignity,” said Tom Wroblewski, District 751 president in a statement…
In response, the Boeing Co. said it would begin a bid process to find a home for its 777X production line.
Members of The International Association of Machinists District 751 rejected the proposal with 67 per cent of the votes. Union members who called for a no vote did so in protest of Boeing’s push to end a traditional pension plan and increase their health care costs. Workers would have received a $10,000 signing bonus if they approved the deal.
“We preserved something sacred by rejecting the Boeing proposal. We’ve held on to our pensions and that’s big. At a time when financial planners are talking about a ‘retirement crisis’ in America, we have preserved a tool that will help our members retire with more comfort and dignity,” said Tom Wroblewski, District 751 president in a statement…
Barrick stock sale has new ‘cleanup’ trade option
– theglobeandmail.com
The ‘cleanup’ trade sells the remaining shares for lower than their original offer price of $18.35 each
Airbus parent EADS says net profit up 45 per cent in 3rd quarter but warns on free cash flow
– canadianbusiness.com
PARIS – Airbus parent company EADS said strong demand for its commercial aircraft helped its third-quarter profits increase by a hefty 45 per cent.
But the European jet maker warned Thursday that its free cash flow, a measure of cash generated by a business, would be negative 1.5 billion euros ($2 billion) this year because of its investment program into lifting production and development of programs such as the A350 long-range wide body, which is supposed to enter service in the second half of next year.
Previously, the company had said its free cash flow would break even this year, compared with positive 1.5 billion euros last year.
The company said in a statement that net profit for the July-September quarter rose to 436 million euros, up from 301 million euros a year earlier.
EADS, which next year is adopting the “Airbus” name for its overall corporate identity, said its free cash flow is being squeezed as some of its government military customers cut spending amid tightened budgets, as well as unexpected additional costs tied to the A350 and other programs…
But the European jet maker warned Thursday that its free cash flow, a measure of cash generated by a business, would be negative 1.5 billion euros ($2 billion) this year because of its investment program into lifting production and development of programs such as the A350 long-range wide body, which is supposed to enter service in the second half of next year.
Previously, the company had said its free cash flow would break even this year, compared with positive 1.5 billion euros last year.
The company said in a statement that net profit for the July-September quarter rose to 436 million euros, up from 301 million euros a year earlier.
EADS, which next year is adopting the “Airbus” name for its overall corporate identity, said its free cash flow is being squeezed as some of its government military customers cut spending amid tightened budgets, as well as unexpected additional costs tied to the A350 and other programs…
4.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
French economy shrinks, knocking rebound off track and underscoring that trouble remains
– canadianbusiness.com
PARIS – The French economy is shrinking again, statistics showed Thursday, underscoring that it is still in trouble despite a rebound last quarter.
The French national statistics agency, Insee, said that gross domestic product fell 0.1 per cent in the July-to-September quarter. That comes after an unexpectedly large rebound of 0.5 per cent in the second quarter that pulled France out of recession. Economists had said that rebound was partially due to technical effects and that France would likely not sustain that kind of growth in the near term.
The latest figures showed that exports, which had been a big factor in France’s rebound, fell sharply. Some corporate investment was also down and household spending slowed.
Last quarter, the French government hailed the growth figure as a proof that its reforms were beginning to bear fruit, although it cautioned that more time was needed. But many economists said that the rebound was artificially pumped up by such things as high energy use during a particularly cold winter and spring…
The French national statistics agency, Insee, said that gross domestic product fell 0.1 per cent in the July-to-September quarter. That comes after an unexpectedly large rebound of 0.5 per cent in the second quarter that pulled France out of recession. Economists had said that rebound was partially due to technical effects and that France would likely not sustain that kind of growth in the near term.
The latest figures showed that exports, which had been a big factor in France’s rebound, fell sharply. Some corporate investment was also down and household spending slowed.
Last quarter, the French government hailed the growth figure as a proof that its reforms were beginning to bear fruit, although it cautioned that more time was needed. But many economists said that the rebound was artificially pumped up by such things as high energy use during a particularly cold winter and spring…
