All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Is Canada in a recession? Jun 17th
In a recent survey by BMO, 74% of respondents said they were concerned about a recession in 2025, up from 60% a month earlier. Understanding how a recession might affect you financially can reduce the worry and help you make informed financial decisions.
What is a recession?
The most com.... More »
Rental income and taxes: What’s new for Canadian property owners in 2025 + MORE Apr 14th
Canadians love their real estate and they love renting their properties to make some extra money. However, that comes with some tax audit risk and the need to stay in the know of current tax law. Here’s what you should be thinking about for your 2024 and 2025 income taxes, as well as the forms you.... More »
What 12 powerful women have learned about money + MORE Dec 3rd
This week, Chatelaine released the results of an exclusive survey of 1,000 Canadian women between the ages of 35 and 45. For This is 40(ish), they asked respondents to tell them what it’s like to be smack-dab in the middle of their lives and to share their thoughts on everything from their c.... More »
4.5 year - 2.50% + MORE Nov 20th
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..... More »
40 days - 2.75% + MORE Feb 23rd
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online..... More »
At midday: TSX boosted by mining, energy stocks – The Globe and Mail
– news.google.ca
CTV NewsAt midday: TSX boosted by mining, energy stocksThe Globe and MailThe Toronto stock market was positive Monday as traders hoped a strong report from the American financial sector indicated another upbeat earnings season from North American corporations. The S&P/TSX composite index rose 51.82 points to 15,177.32.TSX climbs with bank shares; gold miners slideReuters CanadaTSX positive, traders eye earnings reports, testimony from Fed chair YellenTimes ColonistPositive open in TorontoBaystreet.caReuters Africa -Stockhouseall 26 news articles »
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
Canadian homes 20% overvalued, more tightening may be necessary, says Fitch
– canadianbusiness.com
OTTAWA – Fitch Ratings says Canada’s real estate market is as much as 20 per cent overpriced and cautions the government may need to take more measures to slow down borrowing on homes.
Fitch is the second U.S. financial agency to sound the alarm on Canadian home prices in the past week, with the Morningstar research firm predicting a 30 per cent correction was possible over the next few years.
The latest warning comes as the Teranet–National Bank composite house price index for June showed prices rose 0.9 per cent from May and were up 4.4 per cent from last year.
The year-to-year gain was the lowest in six months, but still more than twice the underlying level of inflation in Canada and above income growth.
Prices were 8.1 per cent higher Calgary compared with a year ago, while Hamilton saw increases of 7.3 per cent and Toronto and Vancouver climbed 6.1 per cent.
But several major markets showed a cooling trend. Prices in Ottawa-Gatineau fell 1.7 per cent compared with a year ago, Quebec City dropped 2…
Fitch is the second U.S. financial agency to sound the alarm on Canadian home prices in the past week, with the Morningstar research firm predicting a 30 per cent correction was possible over the next few years.
The latest warning comes as the Teranet–National Bank composite house price index for June showed prices rose 0.9 per cent from May and were up 4.4 per cent from last year.
The year-to-year gain was the lowest in six months, but still more than twice the underlying level of inflation in Canada and above income growth.
Prices were 8.1 per cent higher Calgary compared with a year ago, while Hamilton saw increases of 7.3 per cent and Toronto and Vancouver climbed 6.1 per cent.
But several major markets showed a cooling trend. Prices in Ottawa-Gatineau fell 1.7 per cent compared with a year ago, Quebec City dropped 2…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Citigroup second-quarter drops to $181 million after mortgage settlement
– canadianbusiness.com
Citigroup said Monday that its net income dropped in the second quarter after it took a $3.8 billion charge to settle claims over its risky subprime mortgage business.
The charge pushed down its net income to $181 million from $4.18 billion a year earlier.
On a per-share basis, net income was 3 cents, compared with $1.34 in the second-quarter a year earlier.
Excluding the charges and an accounting loss, the bank’s second-quarter profit rose 1 per cent to $3.93 billion, or $1.24 a share. That beat the $1.06 a share predicted by analysts polled by FactSet.
Revenue was $19.4 billion, excluding the accounting loss, compared with $20 billion a year earlier.
The bank’s stock rose $1.71, or 3.6 per cent, to $48.72 or midday trading Monday.
The post Citigroup second-quarter drops to $181 million after mortgage settlement appeared first on Canadian Business.
The charge pushed down its net income to $181 million from $4.18 billion a year earlier.
On a per-share basis, net income was 3 cents, compared with $1.34 in the second-quarter a year earlier.
Excluding the charges and an accounting loss, the bank’s second-quarter profit rose 1 per cent to $3.93 billion, or $1.24 a share. That beat the $1.06 a share predicted by analysts polled by FactSet.
Revenue was $19.4 billion, excluding the accounting loss, compared with $20 billion a year earlier.
The bank’s stock rose $1.71, or 3.6 per cent, to $48.72 or midday trading Monday.
The post Citigroup second-quarter drops to $181 million after mortgage settlement appeared first on Canadian Business.
