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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Are Vanguard Canada ETFs and other funds always a good investment? Sep 6th
Ask MoneySense
I’ve heard good things about Vanguard investment accounts in the U.S., owing to the low cost of the investment. Is there a Canadian equivalent and is it as beneficial?—Kate
Vanguard ETFs in Canada: What to know
The Vanguard Group, Inc. is one of the largest global investme.... More »
Podcast 3: A Hedge Fund Manager Comes Clean + MORE Jan 11th
The third episode of the Canadian Couch Potato podcast is now live. You can listen in your browser using the tool below, or download it using iTunes or your favourite podcasting software.
My first podcast of 2017 features an interview with Lars Kroijer, author of Investing Demystified, which will.... More »
Trudeau promises to make gun control a top election issue - The Globe and Mail Aug 13th
Trudeau promises to make gun control a top election issue The Globe and MailMeeting with Toronto's mayor, Trudeau promises more gun control and goes on the attack against Scheer National PostCanadian government to contribute to $4.5 million investment to Toronto Police Service&.... More »
Fear grips investors as stock markets plunge, loonie down - CTV News Mar 12th
Fear grips investors as stock markets plunge, loonie down CTV NewsTSX, Wall Street keep dropping after triggering 2nd trading halt in a week Global NewsTSX falls by 12%, now back to where it was in 2016 CBC.caCanadian stocks on brink of biggest drop since 1940 amid g.... More »
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 »
Learn, save, invest and prosper with My Own Advisor.Welcome to your latest Weekend Reading edition, some of the best personal finance and investing articles from the blogosphere. Earlier this week, I caught with an index investor on his way to financial freedom – you can check out his portfolio here. I also started a new partnership on my site, with ModernAdvisor and profiled their online portfolio management service. You can try ModernAdvisor risk-free for 30 days with a trial account funded with $1,000 of ModernAdvisor’s money. At the end of your trial period you can keep any gains if you open and fund a new ModernAdvisor account.
Finally on my site this week, I had a rebuttal to this article – why a personal finance day per month is a good idea. I don’t think so…
Best wishes for your weekend and don’t let any #sinkhole stand in your way!
Sure Dividend highlighted Buffett’s top-20 stocks based on yield.
Young bought one BRK.B (Berkshire B –Class Share) so she could buy a credential and attend the Berkshire Annual General Meeting…
BP, Aker form joint offshore oil venture in Norway
– canadianbusiness.com
STAVANGER, Norway – Norwegian holding company Aker ASA and London-based BP say they have reached a deal to combine their offshore oil and gas assets in Norway.
The new joint venture, Aker BP, will merge oil company Det norske oljeselskap, in which Aker is the biggest owner, and BP’s Norwegian unit.
Aker will own a 40 per cent stake and BP a 30 per cent stake in the new company. The remaining shares will be held by other Det norske shareholders.
The deal is subject to approval by Norwegian and European Union authorities.
BP Chief Executive Bob Dudeley said the Norwegian continental shelf “represents significant opportunities going forward and we are looking forward to working together with Aker to unlock the long term value of the company through growth and efficient operations.”
The post BP, Aker form joint offshore oil venture in Norway appeared first on Canadian Business – Your Source For Business News.
The new joint venture, Aker BP, will merge oil company Det norske oljeselskap, in which Aker is the biggest owner, and BP’s Norwegian unit.
Aker will own a 40 per cent stake and BP a 30 per cent stake in the new company. The remaining shares will be held by other Det norske shareholders.
The deal is subject to approval by Norwegian and European Union authorities.
BP Chief Executive Bob Dudeley said the Norwegian continental shelf “represents significant opportunities going forward and we are looking forward to working together with Aker to unlock the long term value of the company through growth and efficient operations.”
The post BP, Aker form joint offshore oil venture in Norway appeared first on Canadian Business – Your Source For Business News.
ADB Oks 1st co-financing with China’s AIIB for Pakistan road
– canadianbusiness.com
MANILA, Philippines – The Asian Development Bank announced Friday its approval of a $100 million loan for a highway project in Pakistan, marking its first co-financing with the China-led Asian Infrastructure Investment Bank.
AIIB will provide a $100 million counterpart loan subject to its board’s approval later this month while the United Kingdom’s Department of International Development is extending a $34 million grant, ADB said. The Manila-based lender will serve as lead financier and administrator for the AIIB loan and DFID grant.
AIIB has been viewed by some as a rival to the U.S.-led World Bank and the Japan-led ADB, with suspicions China could use it to advance its influence and agenda.
ADB President Takehiko Nakao said the project will fund the remaining 64-kilometre (40-mile), four-lane section of a highway connecting the towns of Shorkot and Khanewal in Punjab province. It has strategic value to Pakistan as it supports north-south connectivity, boosts businesses and jobs, and will help cut poverty, he said…
AIIB will provide a $100 million counterpart loan subject to its board’s approval later this month while the United Kingdom’s Department of International Development is extending a $34 million grant, ADB said. The Manila-based lender will serve as lead financier and administrator for the AIIB loan and DFID grant.
AIIB has been viewed by some as a rival to the U.S.-led World Bank and the Japan-led ADB, with suspicions China could use it to advance its influence and agenda.
ADB President Takehiko Nakao said the project will fund the remaining 64-kilometre (40-mile), four-lane section of a highway connecting the towns of Shorkot and Khanewal in Punjab province. It has strategic value to Pakistan as it supports north-south connectivity, boosts businesses and jobs, and will help cut poverty, he said…
House OKs bill to ease Puerto Rico’s debt, Senate up next
– canadianbusiness.com
WASHINGTON – A rescue package for debt-stricken Puerto Rico has cleared a major hurdle in the House and now heads to the Senate just three weeks before the island owes a $2 billion debt payment to creditors.
The House on Thursday passed legislation to create a financial control board and allow restructuring of some of Puerto Rico’s $70 billion debt. In a rare display of political unity, the bill had the support of President Barack Obama, House Speaker Paul Ryan, R-Wis., and Minority Leader Nancy Pelosi, D-Calif.
“The Puerto Rican people are our fellow Americans. They pay our taxes, they fight in our wars. We cannot allow this to happen,” Ryan said in a floor speech just before the bill passed.
The overwhelming, bipartisan 297-127 vote in favour of the bill was a victory for Ryan, who had urged his colleagues, especially reluctant conservatives in the GOP caucus, to back the bill. He participated closely in negotiations on the legislation, which was one of the first major bills he shepherded through the House since becoming speaker last fall…
The House on Thursday passed legislation to create a financial control board and allow restructuring of some of Puerto Rico’s $70 billion debt. In a rare display of political unity, the bill had the support of President Barack Obama, House Speaker Paul Ryan, R-Wis., and Minority Leader Nancy Pelosi, D-Calif.
“The Puerto Rican people are our fellow Americans. They pay our taxes, they fight in our wars. We cannot allow this to happen,” Ryan said in a floor speech just before the bill passed.
The overwhelming, bipartisan 297-127 vote in favour of the bill was a victory for Ryan, who had urged his colleagues, especially reluctant conservatives in the GOP caucus, to back the bill. He participated closely in negotiations on the legislation, which was one of the first major bills he shepherded through the House since becoming speaker last fall…
Canada: The world’s basket case of food producers
– theglobeandmail.com
How a lack of investment, bureaucratic intervention and political shortsightedness are acting as a ‘wet blanket’ for what should be a booming industry
