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
Hong Kong stocks have worst day in three months on worries about rates and real estate - CNN Oct 3rd
Hong Kong stocks have worst day in three months on worries about rates and real estate CNNStock market today: Asian markets sink, with Hong Kong down 3% on heavy selling of property stocks Yahoo News CanadaChinese Stocks in Hong Kong Slump, Leading Asia Equities Selloff &n.... More »
5.5 year - 2.35% + MORE Jan 12th
This GIC rate is offered by DUCA Financial Services and was updated on 2013-11-09. Click on the link above to get more details or apply online..... More »
Weekend Reading – New mortgage rules, Nortel saga, fat RRSPs, train your brain and #GoJays + MORE Oct 14th
Learn, save, invest and prosper with My Own Advisor.
Welcome to my latest Weekend Reading edition. Earlier this week I interviewed the CEO of ModernAdvisor Navid Boostani, who provided some insight how Robo Advisors can help you train your investing brain.
I then went on to write about how you sho.... More »
Alternative investment expertise boosts Manulife + MORE Nov 8th
Insurer’s private asset management business benefits from experience with trees, farms and oil
.... More »
'Cuban' stock price doubles — despite having nothing to do with the country + MORE Dec 17th
News that the U.S. and Cuba were taking cautious steps toward normalizing relations were enough to send shares in one Cuba-themed stock soaring Wednesday — despite the company having nothing to do with the country..... More »
Accuracy of Canada’s housing data under scrutiny
– theglobeandmail.com
Former MP argues that Canadian Real Estate Association’s statistics are being skewed by double counting and other distortions
China Construction Bank quarterly profit growth slows as economy cools
– canadianbusiness.com
BEIJING, China – China Construction Bank Ltd., one of China’s “big four” state-owned commercial lenders, said Monday profit growth slowed in the latest quarter as the economy cooled.
Profit for the three months ended Sept. 30 rose 9.4 per cent to 56.8 billion yuan ($9 billion), the Beijing-based lender said. That was down from 12.3 per cent growth for the first nine months of the year. Revenue rose 10.4 per cent to 126.6 billion yuan ($20 billion).
China’s state-owned banks are among the world’s most profitable but earnings growth has slowed as rapid economic expansion cools. Banks also are preparing for a possible rise in loan defaults following a flood of credit in response to the 2008 global crisis.
Economic growth edged up to 7.8 per cent in the latest quarter from the previous quarter’s two-decade low of 7.5 per cent, but that is barely half of 14.2 per cent in 2009. Analysts say the recovery might weaken later in the year.
Chinese banks also face a squeeze on profits as the Communist Party gradually introduces market forces into lending…
Profit for the three months ended Sept. 30 rose 9.4 per cent to 56.8 billion yuan ($9 billion), the Beijing-based lender said. That was down from 12.3 per cent growth for the first nine months of the year. Revenue rose 10.4 per cent to 126.6 billion yuan ($20 billion).
China’s state-owned banks are among the world’s most profitable but earnings growth has slowed as rapid economic expansion cools. Banks also are preparing for a possible rise in loan defaults following a flood of credit in response to the 2008 global crisis.
Economic growth edged up to 7.8 per cent in the latest quarter from the previous quarter’s two-decade low of 7.5 per cent, but that is barely half of 14.2 per cent in 2009. Analysts say the recovery might weaken later in the year.
Chinese banks also face a squeeze on profits as the Communist Party gradually introduces market forces into lending…
Little Orphan Fannie
– online.wsj.com
Washington rewrites financial-crisis history to punish J.P Morgan.
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
Asian stock markets rise on expectations Fed not in a hurry to reduce monetary stimulus
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Asian stock markets were mostly higher Monday amid growing expectations that the U.S. Federal Reserve won’t start reducing its monetary stimulus until at least the first quarter of next year.
With uncertainty over the raising of the U.S. borrowing limit temporarily resolved, investors have focused on other matters, notably when the Federal Reserve will reduce its mammoth monetary stimulus that has been a boon for stock markets.
U.S. hiring and durable goods orders for September were weaker than expected, signalling that growth momentum may be slowing and reinforcing expectations that a scaling back of stimulus known as “tapering” won’t begin until next year, Mitul Kotecha of Credit Agricole CIB in Hong Kong said in a market commentary.
Further U.S. data releases this week including September industrial production, retail sales, inflation and consumer confidence as well as a Fed policy meeting could reaffirm that expectation, he said…
With uncertainty over the raising of the U.S. borrowing limit temporarily resolved, investors have focused on other matters, notably when the Federal Reserve will reduce its mammoth monetary stimulus that has been a boon for stock markets.
U.S. hiring and durable goods orders for September were weaker than expected, signalling that growth momentum may be slowing and reinforcing expectations that a scaling back of stimulus known as “tapering” won’t begin until next year, Mitul Kotecha of Credit Agricole CIB in Hong Kong said in a market commentary.
Further U.S. data releases this week including September industrial production, retail sales, inflation and consumer confidence as well as a Fed policy meeting could reaffirm that expectation, he said…
