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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Making sense of the markets this week: August 16 Aug 14th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Come on, tax me. I’m Canadian.
Will taxes go up in Canada? How will we pay for the pandemic? There are many guesses and rumblings about upcoming tax hikes. In a previous p.... More »
JPMorgan, Lululemon and more: The week in earnings Jan 17th
Company earnings for the week of Jan 14, 2025
JPMorgan
Lululemon
Cogeco
UnitedHealth
JPMorgan posts record annual profits as major U.S. banks thrive in the final quarter of 2024
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit.... More »
What to do when banks give questionable financial advice to seniors + MORE Feb 12th
Q: Do you have any advice for an 80-year old? I have $180k invested in GIC and mutual funds. I am having problems with the bank to produce a financial statement of actual costs. They will give trailing fees but say actual MER costs are unavailable.
So, I am looking to change my investments.
At my ag.... More »
This detached home in Toronto listed for $699,900 seemed like a steal. Why did no one bite? Jul 22nd
It could be a steal for a new family that doesn’t mind the size, but a real estate expert believes there could be some other underlying issues with the place that you need to watch out for..... More »
How much credit card debt does the average Canadian have? Jun 21st
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Canada creates $200-billion in housing wealth, but at what cost?
– theglobeandmail.com
The pros and cons of surging home prices
China’s cabinet unveils steps to bolster investment
– theglobeandmail.com
The government will widen financing channels for firms and support asset securitisation, allowing investment projects to raise funds in corporate bond markets
Bank of America profits fall 20 per cent, hurt by low rates
– canadianbusiness.com
NEW YORK, N.Y. – Bank of America’s earnings fell 20 per cent in the second quarter as historically low interest rates make it less profitable to make loans.
The Charlotte, North Carolina-based banking giant earned $3.87 billion, or 36 cents per share, before dividends to preferred shareholders. That’s down from $4.8 billion, or 43 cents per share, in the same period a year earlier.
The results beat analysts’ expectations. Analysts polled by FactSet expected the bank to earn 33 cents per share.
“We had another solid quarter in a challenging environment,” CEO Brian Moynihan said in prepared remarks.
BofA, like Wells Fargo and JPMorgan Chase, continued to struggle in the face of low interest rates. The bank’s profit margin on loans fell to 2.03 per cent from 2.37 per cent from a year earlier.
The ultra-low interest rates led the bank to take a charge of $1 billion in anticipation of more customers refinancing their mortgages at lower rates, which will mean lower earnings for the bank in the future…
The Charlotte, North Carolina-based banking giant earned $3.87 billion, or 36 cents per share, before dividends to preferred shareholders. That’s down from $4.8 billion, or 43 cents per share, in the same period a year earlier.
The results beat analysts’ expectations. Analysts polled by FactSet expected the bank to earn 33 cents per share.
“We had another solid quarter in a challenging environment,” CEO Brian Moynihan said in prepared remarks.
BofA, like Wells Fargo and JPMorgan Chase, continued to struggle in the face of low interest rates. The bank’s profit margin on loans fell to 2.03 per cent from 2.37 per cent from a year earlier.
The ultra-low interest rates led the bank to take a charge of $1 billion in anticipation of more customers refinancing their mortgages at lower rates, which will mean lower earnings for the bank in the future…
Asian stocks mixed on Turkey coup attempt, better China data
– canadianbusiness.com
BEIJING, China – Asian stock markets were mostly higher Monday after Wall Street ended the week up, a Turkish military coup failed and China reported better economic data.
KEEPING SCORE: Hong Kong’s Hang Seng index gained 0.2 per cent to 21,693.96 points and Sydney’s S&P-ASX 200 advanced 0.5 per cent to 5,456.70. India’s Sensex rose 0.5 per cent to 27,987.03 and benchmarks in Taiwan, Singapore and New Zealand also gained. The Shanghai Composite Index shed 0.2 per cent to 3,051.82. Japanese markets were closed for a holiday.
WALL STREET: All three major stock indexes ended up for a third straight week after the government reported stronger consumer sales. The Commerce Department said retail spending rose 2.7 per cent in June from a year earlier. The Labor Department reported consumer prices rose a modest 1 per cent in June from a year ago, suggesting that the Federal Reserve may take its time raising interest rates from the record lows that have helped push stocks higher…
KEEPING SCORE: Hong Kong’s Hang Seng index gained 0.2 per cent to 21,693.96 points and Sydney’s S&P-ASX 200 advanced 0.5 per cent to 5,456.70. India’s Sensex rose 0.5 per cent to 27,987.03 and benchmarks in Taiwan, Singapore and New Zealand also gained. The Shanghai Composite Index shed 0.2 per cent to 3,051.82. Japanese markets were closed for a holiday.
WALL STREET: All three major stock indexes ended up for a third straight week after the government reported stronger consumer sales. The Commerce Department said retail spending rose 2.7 per cent in June from a year earlier. The Labor Department reported consumer prices rose a modest 1 per cent in June from a year ago, suggesting that the Federal Reserve may take its time raising interest rates from the record lows that have helped push stocks higher…
Bank of America profit hit by higher loan provisions, lower interest income
– theglobeandmail.com
Second biggest U.S. bank by assets says second-quarter profit fell by nearly 20 per cent
