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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Wynne says jobs, economy top priorities as Ontario legislature resumes Tuesday + MORE Feb 15th
TORONTO – Premier Kathleen Wynne says jobs and the economy are her top priorities when the Ontario legislature resumes sitting Tuesday, but the opposition parties say the Liberals are on the wrong track for both.
Wynne says Ontario’s diversified economy is now leading Canada in foreign d.... More »
How housing affordability is declining + MORE Dec 19th
For the third year in a row Maclean’s asked economists, investors, analysts and financial commentators to submit what they think will be an important chart Canadians should watch in the year ahead—and they delivered, in spades. Here is just one of the many charts that help paint the picture of .... More »
Exxon Mobil posts 3Q profit of $4.24 billion, result tops expectations + MORE Oct 30th
IRVING, Texas – Exxon Mobil Corp. (XOM) on Friday reported third-quarter earnings of $4.24 billion.
The Irving, Texas-based company said it had profit of $1.01 per share.
The results exceeded Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such.... More »
How do credit card payment deferrals work during COVID-19? Apr 17th
If you’re dreading your credit card bill, you’re not alone. According to the Bank of Canada, 30% of us carry a balance from month to month, accruing interest, on average, at an eye-watering 19.99%. Simply put, we’re in the red, with an average of $23,800 per Canadian owing on credit cards, lin.... More »
Jeffrey Rath fought for First Nations. Now former clients are fighting him - Global News Jul 14th
Jeffrey Rath fought for First Nations. Now former clients are fighting him Global NewsCourt freezes accounts of separatist lawyer as First Nation alleges misappropriation CBCJudge freezes $8.5M of Alberta separatist lawyer’s assets amid First Nation trust fight Glo.... More »
Mutual fund net sales total $5.36B in January; assets under management $1.18T
– canadianbusiness.com
TORONTO – The Investment Funds Institute of Canada says net sales of mutual funds totalled $5.36 billion in January, reflecting net long-term fund sales of $5.52 billion and net money market fund redemptions of $159.7 million.
Total assets under management as of the end of January were $1.18 trillion, up $39 billion or 3.4 per cent from $1.141 trillion in December and up $168.3 billion or 16.6 per cent since January 2014, IFFIC said in its monthly report Thursday.
Net sales of balanced funds in January totalled $4.4 billion compared with net sales of $2.97 billion in December.
Bond fund net sales totalled $142.8 million compared with $3 million in December.
Equity fund net sales totalled $554.7 million in January compared with net redemptions of $874.2 million the previous month.
Specialty fund net sales totalled $416.4 million versus net redemptions of $83.6 million in December.
The post Mutual fund net sales total $5.36B in January; assets under management $1.18T appeared first on Canadian Business.
Total assets under management as of the end of January were $1.18 trillion, up $39 billion or 3.4 per cent from $1.141 trillion in December and up $168.3 billion or 16.6 per cent since January 2014, IFFIC said in its monthly report Thursday.
Net sales of balanced funds in January totalled $4.4 billion compared with net sales of $2.97 billion in December.
Bond fund net sales totalled $142.8 million compared with $3 million in December.
Equity fund net sales totalled $554.7 million in January compared with net redemptions of $874.2 million the previous month.
Specialty fund net sales totalled $416.4 million versus net redemptions of $83.6 million in December.
The post Mutual fund net sales total $5.36B in January; assets under management $1.18T appeared first on Canadian Business.
Did Alberta squander its oil wealth?
– cbc.ca
In the next week, Alberta will release its third-quarter fiscal update, and it’s not going to be pretty. A report from the Fraser Institute says it didn’t have to be this way.
A look at the new iShares Core ETFs
– moneysense.ca
(malerapaso/Getty Images)iShares shook up the ETF marketplace last March when it launched its Core family of low-cost ETFs in the major asset classes. This week iShares announced some new additions to its Core lineup, including two broad-market funds that go head-to-head with recently launched ETFs from Vanguard. Let’s take a peek at these compelling new offerings.
Blanket coverage of the US
First up is the iShares Core S&P U.S. Total Market (XUU), which provides exposure to the broad US stock market, including large, mid and small cap stocks.
This is iShares’ answer to the Vanguard U.S. Total Market (VUN), and it comes in five basis points cheaper, with a management fee of just 0.10%. However, the coverage is not quite as complete: VUN holds more than 3,800 stocks, compared with 1,500 for XUU. Although XUU’s benchmark is the S&P Total Market Index (which includes almost 3,900 companies) the fund actually holds three US-listed ETFs that make up the S&P Composite 1500 Index…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Switzerland flexes parliamentary muscle as scrutiny of HSBC intensifies
– theglobeandmail.com
Lawmakers plan to question country’s financial watchdog
