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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Greater Vancouver home sales drop in July, new figures show + MORE Aug 3rd
The number of Vancouver area home sales dropped in July marking a return to more 'normal levels, according to statistics from the Real Estate Board of Greater Vancouver..... More »
Why Disney Stock Jumped Today - Motley Fool May 18th
Why Disney Stock Jumped Today Motley FoolDisney Has A Blunt Message For People Choosing To Visit Walt Disney World CinemaBlendDisney says it will reopen shopping area at Florida resort on Wednesday CanoeWhat's Next for Walt Disney World's New Attraction Plans? &.... More »
Online Title Loans vs Installment Loans Dec 4th
It’s nice to know that if you are in need of quick cash, there are plenty of vendors that are ready to help, even if your credit is atrocious – particularly online.
Online title loans and installment loans and give you the chance to fix your short-term financial issues without having to mortgage.... More »
Japan's Nikkei jumps 6%, rebounds from rout on market recovery hopes - Reuters Apr 8th
Japan's Nikkei jumps 6%, rebounds from rout on market recovery hopes ReutersAsian shares gain and Japan’s Nikkei 225 jumps 6.5 per cent despite uncertainty over tariffs The Globe and MailJapan’s Nikkei 225 stock index up 5.5% as world markets gyrate under tariffs uncertaint.... More »
What Justin Trudeau hopes to achieve in Japan + MORE May 22nd
Justin Trudeau makes his first major push into Asia this week in Japan, where he hopes to broaden business links with a country that was once Canada’s No. 2 trading partner.
The prime minister will depart Sunday for his first overseas bilateral visit since taking office last fall.
He will meet.... More »
HOOPP reports 17.71% return in 2014, drives net asset to $60.8 billion
– canadianbusiness.com
TORONTO – The pension fund that invest on behalf of health-care workers in Ontario reported a 17.71 per cent rate of return for 2014.
The Healthcare of Ontario Pension Plan says the $9.1 billion in investment income exceeded its portfolio benchmark by more than $1 billion, and drove net assets to a record $60.8 billion from $51.6 billion at the end of 2013
HOOPP said the funded position of the pension plan remained stable at 115 per cent, up from 114 per cent in 2013.
President and CEO Jim Keohane attributed the results to the “liability driven investing” approach that the plan adopted several years ago.
“2014 was a year that highlighted the merits of the LDI approach,” Keohane said. “Sharp declines in interest rates, that were highly beneficial to our fixed income portfolio, offset the negative impact of the rate declines on our pension obligations.”
HOOPP’s approach utilizes two investment portfolios: a liability hedge portfolio that seeks to mitigate risks associated with pension obligations, and a return-seeking portfolio to help to keep contribution rates stable and affordable…
The Healthcare of Ontario Pension Plan says the $9.1 billion in investment income exceeded its portfolio benchmark by more than $1 billion, and drove net assets to a record $60.8 billion from $51.6 billion at the end of 2013
HOOPP said the funded position of the pension plan remained stable at 115 per cent, up from 114 per cent in 2013.
President and CEO Jim Keohane attributed the results to the “liability driven investing” approach that the plan adopted several years ago.
“2014 was a year that highlighted the merits of the LDI approach,” Keohane said. “Sharp declines in interest rates, that were highly beneficial to our fixed income portfolio, offset the negative impact of the rate declines on our pension obligations.”
HOOPP’s approach utilizes two investment portfolios: a liability hedge portfolio that seeks to mitigate risks associated with pension obligations, and a return-seeking portfolio to help to keep contribution rates stable and affordable…
Hotels, restaurants and wholesalers expand as consumer spending lifts US economy
– canadianbusiness.com
WASHINGTON – U.S. services firms’ activity rose at a slightly faster rate in February, powered by hotels, restaurants and wholesalers.
The Institute for Supply Management said Wednesday that its services index rose to 56.9 in February, up from January’s reading of 56.7. Any reading over 50 indicates expansion.
The survey suggests further growth in employment and imports, as a strong hiring streak over the past year has bolstered consumer spending.
“The bottom line is that the US economy remains in good health,” said Paul Dales, senior U.S. economist at Capital Economics.
The ISM is a trade group of purchasing managers. Its survey of services firms covers businesses that employ 90 per cent of the American workforce, including retail, construction, health care and financial services companies.
Fourteen sectors reported growth in February, while four said activity lessened. In addition to hotels, restaurants and wholesalers, the sectors reporting growth include real estate, utilities, agriculture and financial sectors…
The Institute for Supply Management said Wednesday that its services index rose to 56.9 in February, up from January’s reading of 56.7. Any reading over 50 indicates expansion.
The survey suggests further growth in employment and imports, as a strong hiring streak over the past year has bolstered consumer spending.
“The bottom line is that the US economy remains in good health,” said Paul Dales, senior U.S. economist at Capital Economics.
The ISM is a trade group of purchasing managers. Its survey of services firms covers businesses that employ 90 per cent of the American workforce, including retail, construction, health care and financial services companies.
Fourteen sectors reported growth in February, while four said activity lessened. In addition to hotels, restaurants and wholesalers, the sectors reporting growth include real estate, utilities, agriculture and financial sectors…
Bank, energy shares pull TSX lower in choppy trade – Reuters Canada
– news.google.ca
Financial PostBank, energy shares pull TSX lower in choppy tradeReuters CanadaTORONTO (Reuters) – Canada's main stock index fell in volatile trading on Wednesday as shares of banks declined after recent quarterly earnings reports and energy shares slipped after the price of crude oil dropped. Bank shares have been choppy since …TSX moves lower in broad-based decline; dollar rises as BoC holds line on ratesWinnipeg Free PressCANADA STOCKS-Bank, energy shares pull TSX lower in choppy tradeReutersall 53 news articles »
4.5 year – 2.50%
– ratesupermarket.ca
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.
It’s the Bank of Canada’s big rate decision day
– macleans.ca
The day you’ve been waiting for is finally here.
Speculation over the Bank of Canada has been heating up over the last couple of weeks – will they cut the rate or won’t they? – after the surprise rate cut to 0.75 per cent at the last meeting. But there was no need: Stephen Poloz announced this morning that the rate will stay as is. We’ll talk about this more tomorrow.
Today is a heady week for Big Tech, with the Mobile World Congress continuing today, a day after the NASDAQ climbed over 5,000 for the first time in 15 years, surpassing the height of the dot-com bubble. But in Canada, markets were looking less springy, with the TSX/S&P Composite Index dropping more than 100 points at closing yesterday, after Scotiabank’s profits failed to meet analyst expectations. This despite news from Statistics Canada that growth in the fourth quarter was better than expected, with 0.6 per cent growth in the quarter – a 2.4 cent annualized rate. GDP was just one of a spate of data released yesterday, including strong auto sales – in February, the Canadian auto market pushed to just short of two consecutive years of growth, and the strongest February for sales in seven years…
