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
Cenovus Energy looking to cut jobs, slash dividends + MORE Jul 30th
Cenovus Energy Inc says it's looking to cut between 300 to 400 jobs in the second half of this year, and is chopping its quarterly dividend by 40 per cent..... More »
Canada's big banks admit they overcharged customers — what went wrong? - CBC.ca + MORE Jun 28th
CBC.caCanada's big banks admit they overcharged customers — what went wrong?CBC.caOn Tuesday, Royal Bank was the last of Canada's five big banks to get slapped with a multi-million dollar penalty for charging customers excess fees for investment products like mutual funds. In some cases,.... More »
Business Highlights + MORE Apr 25th
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Fed will likely keep rates unchanged in face of global slump
WASHINGTON (AP) — The U.S. job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this week, it seems in no mood to resume raising interest rates from ultra-lows.
With the g.... More »
Report: Voters in Switzerland reject plans to hoard massive amounts of gold, limit immigration + MORE Nov 30th
BERN, Switzerland – Projections show voters in Switzerland have rejected plans to protect the country’s wealth by investing in gold and drastically limit immigration.
Swiss polling firm gfs.bern said a majority of voters opposed the measures in a referendum Sunday.
If passed, the gold in.... More »
The close: TSX ends higher as financial shares gain + MORE Jun 3rd
U.S. stocks also rise on Greece optimism
.... More »
Iamgold to sell Quebec niobium mine to Magris-led group in US$530-million deal
– canadianbusiness.com
TORONTO – Iamgold Corp. (TSX:IMG) will sell its Niobec mine in Quebec for about US$500 million to a group led by Aaron Regent, a veteran mining executive who has previously been CEO of two major Canadian companies — Barrick Gold (TSX:ABX) and Falconbridge, a copper and nickel producer that was later sold to Xtrata.
Regent now heads Magris Resources, a Toronto-based company that has partnered on the Niobec deal with Hong Kong-based CEF Holdings Ltd (CEF) and Temasek, a Singapore-based investment manager.
“We are delighted that we have been able to reach an agreement to acquire Niobec from Iamgold,” Regent said in a statement before North American markets opened Friday.
The Niobec mine is one of the world’s three largest producers of niobium, a silvery metalic element used in steel alloys, arc welding and superconductors.
Iamgold, another Toronto-based company that focuses mainly on gold production in several countries, will receive an additional US$30 million with an adjacent rare earth deposit, once it goes into commercial production, making the total Niobec deal worth about US$530 million…
Regent now heads Magris Resources, a Toronto-based company that has partnered on the Niobec deal with Hong Kong-based CEF Holdings Ltd (CEF) and Temasek, a Singapore-based investment manager.
“We are delighted that we have been able to reach an agreement to acquire Niobec from Iamgold,” Regent said in a statement before North American markets opened Friday.
The Niobec mine is one of the world’s three largest producers of niobium, a silvery metalic element used in steel alloys, arc welding and superconductors.
Iamgold, another Toronto-based company that focuses mainly on gold production in several countries, will receive an additional US$30 million with an adjacent rare earth deposit, once it goes into commercial production, making the total Niobec deal worth about US$530 million…
North American stocks head for strong open amid strong U.S. employment data
– canadianbusiness.com
TORONTO – The Toronto stock market was set for a higher open Friday as data showed a healthy increase in U.S. job creation during September.
The U.S. Labor Department reported that the American economy created 248,000 jobs last month, which handily beat expectations of about 215,000. The jobless rate ticked down 0.2 of a point to 5.9 per cent, the lowest level since July 2008. August job creation was revised upward from 142,000 to 180,000.
Canadian employment data for last month will be released next Friday.
U.S. futures ran ahead smartly with the Dow Jones industrial futures ahead 100 points to 16,824, the Nasdaq futures gained 27.5 points to 4,005.5 and the S&P 500 futures ran up 13.75 points to 1,952.25.
The Canadian dollar was down 0.41 of a cent to 89.17 cents US as the greenback strengthened following the jobs data.
The loonie was also pressured by subpar trade data.
Statistics Canada said that Canada‘s trade balance hit a deficit of $615 million, down from a surplus of $2…
The U.S. Labor Department reported that the American economy created 248,000 jobs last month, which handily beat expectations of about 215,000. The jobless rate ticked down 0.2 of a point to 5.9 per cent, the lowest level since July 2008. August job creation was revised upward from 142,000 to 180,000.
Canadian employment data for last month will be released next Friday.
U.S. futures ran ahead smartly with the Dow Jones industrial futures ahead 100 points to 16,824, the Nasdaq futures gained 27.5 points to 4,005.5 and the S&P 500 futures ran up 13.75 points to 1,952.25.
The Canadian dollar was down 0.41 of a cent to 89.17 cents US as the greenback strengthened following the jobs data.
The loonie was also pressured by subpar trade data.
Statistics Canada said that Canada‘s trade balance hit a deficit of $615 million, down from a surplus of $2…
BCE gets enough stock from Aliant shareholders to take regional affliate private
– canadianbusiness.com
MONTREAL – BCE Inc. (TSX:BCE) has received more than 90 per cent of the publicly held common shares of Bell Aliant (TSX:BA) and will now move to acquire the res under a $3.95-billion privitization plan announced in July. BCE had already owned 44 per cent of Halifax-based Aliant’s common stock. The Montreal-based parent of Bell Canada says it expects to pay for the tendered Aliant stock on Tuesday.
The post BCE gets enough stock from Aliant shareholders to take regional affliate private appeared first on Canadian Business.
The post BCE gets enough stock from Aliant shareholders to take regional affliate private appeared first on Canadian Business.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
