All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
TD, RBC second-quarter profit bump helped by rising rates, macro environment May 24th
Two of Canada's biggest banks reported second-quarter earnings Thursday that benefited from bigger profit margins on the back of rising interest rates, though the bump could be less pronounced in coming quarters as pressure mounts for banks to raise the interest rates they pay on dep.... More »
Readers share their best money advice + MORE Feb 2nd
Streamline your strategy
I got a late start to investing and I don’t have a lot of time, so my aim is to get decent returns at a low cost with very little hands-on management. I also don’t have a high risk tolerance so my answer has always been to invest in a simple, low-fee balanced fund. I co.... More »
SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision - Reuters May 21st
SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision ReutersSpaceX files for stock market debut that could make Elon Musk a trillionaire BBCSpaceX, OpenAI valuations would mean they leapfrog Berkshire Hathaway on first day of trading CNBCSpaceX is cap.... More »
Financial Times says parent company Pearson in talks to sell its stake in Economist Group + MORE Jul 25th
LONDON – The Financial Times reports that its parent company, Pearson PLC, is in talks to sell its 50 per cent stake in the Economist magazine.
The report says the talks involve other shareholders in the Economist Group.
The FT said Saturday its report is based on people familiar with the nego.... More »
How London man may have bluffed his way to riches and helped set off the 2010 ‘flash crash’ + MORE Apr 25th
NEW YORK, N.Y. – He operated from a modest suburban London home he shared with his parents, far from the city’s glamorous financial centre. He used off-the-shelf software anyone can buy.
Yet, if U.S. authorities are correct, Navinder Singh Sarao, 36, managed to send a jolt of fear throug.... More »
International Business Machines Corp. fell seven per cent Monday morning on stock markets after it abandoned a five-year plan to boost its profit.
3 reasons to ignore market downturns
– moneysense.ca
Getty Images“Long-term investors shouldn’t worry about daily or weekly blips in the markets.” How many times have you heard that? It’s true of course, but most investors don’t heed the advice. And to be fair, it’s hard to ignore the financial markets when there’s non-stop commentary in the news and on social media.
Since markets began falling early last month—the S&P/TSX Composite Index shed more than 11% in the six weeks following September 3—some investors are starting to get spooked. As one wrote to me recently: “A word of encouragement would be appreciated for those of us who recently began the Couch Potato plan and are now seeing our ETFs going down.”
Words of encouragement are helpful, but “don’t worry, be happy,” doesn’t cut it. So here are three specific reasons why a falling stock market shouldn’t shake your confidence in a balanced index portfolio.
1. Downturns are ridiculously normal. A reasonable expected rate of return for a global equity portfolio might be about 7% to 8%…
AbbVie board nixes support of $55 billion Shire takeover; Shire to get $1.64B break-up fee
– canadianbusiness.com
NORTH CHICAGO, Ill. – AbbVie is walking away from its proposed $55 billion takeover bid of Shire and has agreed to pay the rival drugmaker a $1.64 billion breakup fee.
The two companies said Monday that they deal was off following the decision last week by AbbVie’s board to withdraw support from the proposed acquisition.
Shire had rejected several unsolicited offers from AbbVie before the companies made the deal in July.
North Chicago-based AbbVie had envisioned buying Shire and reincorporating on the British island of Jersey, where Shire is incorporated.
But AbbVie’s board got cold feet after the U.S. government created new limitations on the tax benefits of incorporating overseas.
The new regulations attempt to stop a range of complicated transactions companies use to lower their U.S. tax bill. One measure tries to stop “hopscotch” loans, in which companies turn their foreign earnings into U.S. loans. Another rule change tightens the application of a law that says the U…
The two companies said Monday that they deal was off following the decision last week by AbbVie’s board to withdraw support from the proposed acquisition.
Shire had rejected several unsolicited offers from AbbVie before the companies made the deal in July.
North Chicago-based AbbVie had envisioned buying Shire and reincorporating on the British island of Jersey, where Shire is incorporated.
But AbbVie’s board got cold feet after the U.S. government created new limitations on the tax benefits of incorporating overseas.
The new regulations attempt to stop a range of complicated transactions companies use to lower their U.S. tax bill. One measure tries to stop “hopscotch” loans, in which companies turn their foreign earnings into U.S. loans. Another rule change tightens the application of a law that says the U…
Most actively traded companies on the TSX
– canadianbusiness.com
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,337.77, up 110.09 points):
Niko Resources Ltd. (TSX:NKO). Oil and gas. Down 40 cents, or 54.79 per cent, to 33 cents on 10.5 million.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Up $1.79, or 11.24 per cent, to $17.72 on 5.3 million shares.
Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Unchanged at 2.5 cents on 4.5 million shares.
BlackBerry Limited (TSX:BB). Communication equipment. Up 93 cents, or 8.69 per cent, to $11.63 on 4.2 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Down 39 cents, or 1.01 per cent, to $38.26 on 3.8 million shares.
Uranium Participation Corp. (TSX:U). Miner. Down five cents, or one per cent, to $4.96 on 3.7 million shares.
Companies reporting major news:
Canadian Pacific Railway Ltd. (TSX:CP). Transportation. Down $3.34, or 1.48 per cent, to $221.65 on 437,637 shares. The company confirmed that talks with U…
Toronto Stock Exchange (14,337.77, up 110.09 points):
Niko Resources Ltd. (TSX:NKO). Oil and gas. Down 40 cents, or 54.79 per cent, to 33 cents on 10.5 million.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Up $1.79, or 11.24 per cent, to $17.72 on 5.3 million shares.
Southern Pacific Resource Corp. (TSX:STP). Oil and gas. Unchanged at 2.5 cents on 4.5 million shares.
BlackBerry Limited (TSX:BB). Communication equipment. Up 93 cents, or 8.69 per cent, to $11.63 on 4.2 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Down 39 cents, or 1.01 per cent, to $38.26 on 3.8 million shares.
Uranium Participation Corp. (TSX:U). Miner. Down five cents, or one per cent, to $4.96 on 3.7 million shares.
Companies reporting major news:
Canadian Pacific Railway Ltd. (TSX:CP). Transportation. Down $3.34, or 1.48 per cent, to $221.65 on 437,637 shares. The company confirmed that talks with U…
60 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.
