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
What Is Going On With the Stock Market—and What You Should Do With Your Money Jun 14th
There are signs everywhere that we are headed towards an economic downturn. In May, the S&P/TSX composite index dropped below 20,000 for the first time since June 2021. On June 13, the S&P 500 fell into a bear market—a 20 per cent decline from January. Inflation is at a 31-year-high of 6.8.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? + MORE Dec 18th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
MoneySense’s free Excel template for your monthly budget Dec 21st
Download:
MoneySense monthly budget Excel template
Instructions:
Click the link above to download the spreadsheet tool.Open the file. Enter your personal and household expenses in the columns titled “Planned” and “Actual.” You can use the “Insert” function to add new rows .... More »
Watchdog: Cambodian PM’s family rules business world, too + MORE Jul 7th
BANGKOK – An extensive network of businesses controlled by the family of Cambodia’s longtime leader sustains and is sustained by his authoritarian rule, making foreign investment in the country risky, says a report issued Thursday by the research and advocacy group Global Witness.
The Lo.... More »
Greek shares nosedive after ECB move to limit borrowing options for country’s banks + MORE Feb 5th
ATHENS, Greece – Jittery investors dumped Greek shares Thursday after the European Central Bank tightened the screws on the country’s banking system, piling pressure on the new anti-austerity government to seek a compromise with bailout creditors.
Shares on the volatile Athens stock exch.... More »
Five things Bank of Canada governor Stephen Poloz told the finance committee
– canadianbusiness.com
OTTAWA – Bank of Canada governor Stephen Poloz recommends jobless young Canadians find unpaid work as they wait for the economy to recover. Here are five more interesting things Poloz told us during his appearance Tuesday at the House of Commons finance committee:
On growth: The Bank of Canada’s outlook for GDP growth stayed at the same level because the recent drop in oil prices has offset gains made by the country’s export sector.
On infrastructure: Infrastructure is almost always a good thing to invest in because it’s a key ingredient in Canada’s economic growth. The right conditions for infrastructure projects are in place, such as rock-bottom borrowing rates, but lingering uncertainty in the economy has likely driven a wedge between positive investment decisions and what one might expect when rates are low.
On child care: A child-care policy that would free people up to enter the labour force wouldn’t necessarily make a significant impact in addressing worker shortages caused by the aging population…
On growth: The Bank of Canada’s outlook for GDP growth stayed at the same level because the recent drop in oil prices has offset gains made by the country’s export sector.
On infrastructure: Infrastructure is almost always a good thing to invest in because it’s a key ingredient in Canada’s economic growth. The right conditions for infrastructure projects are in place, such as rock-bottom borrowing rates, but lingering uncertainty in the economy has likely driven a wedge between positive investment decisions and what one might expect when rates are low.
On child care: A child-care policy that would free people up to enter the labour force wouldn’t necessarily make a significant impact in addressing worker shortages caused by the aging population…
Icahn Investments Whacked by Energy in Third Quarter
– blogs.wsj.com
Carl Icahn’s investment portfolio lost $270 million in the third quarter as global energy prices whacked his stocks.
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.
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.
Sprint, Office Depot, Michael Kors, Herbalife and RetailMeNot are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Sprint Corp., down $1.02 to $5.18
The wireless phone company reported a wider-than-expected quarterly loss and said it will cut 2,000 jobs in a cost-cutting measure.
Michael Kors Holdings Ltd., down $6.57 to $71.42
The luxury fashion retailer expects profit and revenue during the holiday season to fall short of Wall Street expectations.
Herbalife Ltd., down $11.64 to $44.26
The supplements seller reported worse-than-expected quarterly results and a weaker-than-expected full-year outlook.
Chevron Corp., down $1.41 to $115.37
The energy company’s stock fell with the price of crude oil following reports that Saudi Arabia is cutting prices for U.S. customers.
Nasdaq
Office Depot Inc., up $1.26 to $6.33
The office supply retailer reported better-than-expected quarterly results and raised its outlook for the year.
RetailMeNot Inc., down $6.05 to $14…
NYSE
Sprint Corp., down $1.02 to $5.18
The wireless phone company reported a wider-than-expected quarterly loss and said it will cut 2,000 jobs in a cost-cutting measure.
Michael Kors Holdings Ltd., down $6.57 to $71.42
The luxury fashion retailer expects profit and revenue during the holiday season to fall short of Wall Street expectations.
Herbalife Ltd., down $11.64 to $44.26
The supplements seller reported worse-than-expected quarterly results and a weaker-than-expected full-year outlook.
Chevron Corp., down $1.41 to $115.37
The energy company’s stock fell with the price of crude oil following reports that Saudi Arabia is cutting prices for U.S. customers.
Nasdaq
Office Depot Inc., up $1.26 to $6.33
The office supply retailer reported better-than-expected quarterly results and raised its outlook for the year.
RetailMeNot Inc., down $6.05 to $14…
