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
Why are mortgages so expensive in Canada? + MORE Sep 26th
Interest rates have trended steadily lower over the late summer, and as a result, Canadians are finding it slightly easier to buy real estate. Prices are coming down, but Canadian mortgages are still expensive.
This is according to the latest home affordability report compiled by Ratehub (which o.... More »
Chipotle, McDonald’s, Tupperware, Angie’s List and Porcera are big market movers + MORE Apr 22nd
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Chipotle Mexican Grill Inc., down $51.29 to $641.23
The Mexican food chain reported lower-than-expected sales growth, partly because of an ongoing pork .... More »
Five things to watch for in the Canadian business world in the coming week + MORE Nov 27th
TORONTO – Five things to watch this week in Canadian business:
Bombardier CSeries Takes Flight: Bombardier will celebrate the maiden flight of the CSeries CS300 on Monday. The delivery to airBaltic at Montreal’s Mirabel airport comes nearly half a year after the first CSeries CS100 passe.... More »
Manulife says its banking unit was penalized by Fintrac for ‘administrative lapses’ + MORE Feb 27th
Manulife Financial Corp. confirmed Monday its banking unit was penalized last year after Canada’s money-laundering watchdog concluded it failed to report a suspicious transaction and various money transfers.
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s iden.... More »
What You Must Know Before Investing In Commercial Real Estate + MORE Apr 25th
When you want to invest in commercial real estate, you must know what the property does, what it can do for you, and what kind of owner you want to be. Everyone invests in commercial real estate for their own reasons, and you need to make your intentions clear every time you invest in a new building.... More »
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
A well-known proponent of the electronic currency bitcoin agreed to pay nearly US$51,000 to settle U.S. Securities and Exchange Commission civil charges that he publicly offered unregistered shares in two Internet ventures, the regulator said on Tuesday.
Hudson’s Bay Company is reporting first-quarter net earnings of $176 million and boosted its retail sales to $1.85 billion in the post-holiday period.
Stock pick: D.R. Horton Inc. (DHI) rebuilds along with the U.S. housing market
– canadianbusiness.com
A lot of U.S. housing stocks have skyrocketed as the American recovery has taken hold, but there are still some companies in this sector that will continue to climb. One business to watch is Fort Worth’s D.R. Horton Inc. (NYSE: DHI), the largest homebuilder in the States.
Since Sept 2011, the company’s stock has risen by 149%, but returns have since slowed — it’s down 7.2% over the last 12 months — giving investors a good opportunity to buy in.
On May 29, Robert Wetenhall, an analyst with RBC Capital Markets, upgraded D.R. Horton from a sector perform to outperform. He likes the company’s focus on first-time homebuyers, which is a segment that’s growing in the markets it’s operating in.
About 31% of its lots are in South Central America, with most of that in Texas. “The Texas market is seeing the return of the first-time homebuyer in response to strong job growth, which provides Dr. Horton with a volume tailwind,” he wrote in his latest report.
It’s also shifted its business model somewhat…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
