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
Housing market has gone into 'hibernation' CREA says, with lower sales, listings and flat prices - CBC News Nov 15th
Housing market has gone into 'hibernation' CREA says, with lower sales, listings and flat prices CBC NewsAverage home price in Canada rises to $656625 as monthly sales slow: CREA - Business News Castanet.netCanadian home sales slow in October as many buyers have already 'gone i.... More »
Getting back into the saddle after a big loss + MORE Nov 18th
There comes a day in every trader’s career when it all seems to go wrong. A big financial loss can happen in many ways and for many different reasons. It can be sudden or sustained – one bad moment or a run of bad days. Maybe you took your eye off the ball or got overconfident, resulting in a lo.... More »
Germany's Deutsche Bank to cut 18,000 jobs by 2022 in overhaul - CBC News Jul 7th
Germany's Deutsche Bank to cut 18,000 jobs by 2022 in overhaul CBC NewsDeutsche Bank to slash 18,000 jobs in sweeping restructuring CTV NewsFactbox: Deutsche Bank takes an axe to investment bank Yahoo Canada FinanceDeutsche bank cutting 18,000 jobs in effort to incre.... More »
Expect inflation to officially be over 8% and stay there a few months, Bank of Canada governor warns - CBC News Jul 16th
Expect inflation to officially be over 8% and stay there a few months, Bank of Canada governor warns CBC NewsBank of Canada chief: inflation likely to tip 8% as soon as next week Reuters.comBOC: 100-BPS Rate Hike Is Necessary to Lessen Economic Pain The Motley Fool C.... More »
Financial aid guide for university and college students in Canada Jul 15th
Financial aid is rarely an after-thought, but student debt is often a bigger problem than most university and college students in Canada anticipate. Rising tuition fees and expenses of going to college or university have become increasingly large burdens to bear for students—many of whom are alrea.... More »
Uber, Lyft, not happy with approval of drivers’ insurance rate plan in Manitoba
– canadianbusiness.com
WINNIPEG _ Manitoba’s Public Utilities Board has approved new insurance rates for ride-hailing company drivers that businesses such as Uber and Lyft have said will keep them setting up shop in Winnipeg.
The board has given approval to a Manitoba Public Insurance application that calls for an add-on to the drivers’ basic insurance, which would be based on the time of day the operator wants to pick up passengers, or whether it’s on a weekday or weekend.
MPI says the system is flexible and prevents drivers in other licence classes from subsidizing autos used for ride-hailing.
Uber had argued for a blanket coverage policy, stating MPI’s approach would mean an extra financial burden for drivers.
The company has previously said it won’t come to Winnipeg under the insurance company’s model.
The utilities board calls its ruling an interim decision and says it will revisit the issue next year, once it collects some data.
Lyft said in a statement released Monday that it sees “tremendous opportunity” in Winnipeg…
The board has given approval to a Manitoba Public Insurance application that calls for an add-on to the drivers’ basic insurance, which would be based on the time of day the operator wants to pick up passengers, or whether it’s on a weekday or weekend.
MPI says the system is flexible and prevents drivers in other licence classes from subsidizing autos used for ride-hailing.
Uber had argued for a blanket coverage policy, stating MPI’s approach would mean an extra financial burden for drivers.
The company has previously said it won’t come to Winnipeg under the insurance company’s model.
The utilities board calls its ruling an interim decision and says it will revisit the issue next year, once it collects some data.
Lyft said in a statement released Monday that it sees “tremendous opportunity” in Winnipeg…
Founder of Canada Jetlines takes helm as CEO of rival Flair Airlines
– canadianbusiness.com
KELOWNA, B.C. _ The founder of Canada Jetlines is taking over as chief executive of Canadian discount carrier Flair Airlines Ltd.
Jim Scott replaces Flair founder and former president Jim Rogers, who will remain an adviser until 2019 after selling his shares in the Kelowna-based company.
Scott is a former airline pilot who led Canada Jetlines between 2012 and last year.
He will be joined by Jerry Presley, who represents the majority owners, as executive chairman. He was previously an adviser to Canada Jetlines.
The changes come more than six months after Flair’s purchase of NewLeaf Travel Company’s assets.
Flair Airlines currently flies from seven Canadian cities: Toronto, Hamilton, Winnipeg, Edmonton, Abbotsford, Kelowna and Vancouver. It has plans to soon announce an expansion of its fleet and route network.
The airline faces the prospect of competition with the launch next summer of WestJet’s discount Swoop airline and Canada Jetlines.
Flair operates seven aircraft and plans to add two Boeing 737-800 aircraft later in 2018…
Jim Scott replaces Flair founder and former president Jim Rogers, who will remain an adviser until 2019 after selling his shares in the Kelowna-based company.
Scott is a former airline pilot who led Canada Jetlines between 2012 and last year.
He will be joined by Jerry Presley, who represents the majority owners, as executive chairman. He was previously an adviser to Canada Jetlines.
The changes come more than six months after Flair’s purchase of NewLeaf Travel Company’s assets.
Flair Airlines currently flies from seven Canadian cities: Toronto, Hamilton, Winnipeg, Edmonton, Abbotsford, Kelowna and Vancouver. It has plans to soon announce an expansion of its fleet and route network.
The airline faces the prospect of competition with the launch next summer of WestJet’s discount Swoop airline and Canada Jetlines.
Flair operates seven aircraft and plans to add two Boeing 737-800 aircraft later in 2018…
As Dow soars, it’s same old, same old for TSX
– theglobeandmail.com
American share prices have gathered steam in 2018, but Canadian stocks can’t seem to catch that same fire
Prices of bitcoin and other digital currencies fell after South Korea’s top financial policymaker said a crackdown on trading of cryptocurrencies was still an option.
Survey finds 1/3 of Canadians can’t pay monthly bills as rates set to rise
– canadianbusiness.com
CALGARY _ A new survey suggests a third of Canadians can’t pay their monthly bills, including debt repayments, against a backdrop of rising interest rates.
The quarterly MNP consumer debt index survey finds the number of Canadians who can’t cover their fixed monthly expenses is up eight points since September.
It also finds Canadians who are making ends meet have less disposable income, with an average $631 left after paying bills and contributing to debt repayment. That’s 15 per cent less money left over than in the previous quarter.
The survey says Canadians worried more about their debt as the Bank of Canada raised its benchmark interest rate twice last year and is expected to continue the momentum in 2018.
Four-in-10 respondents say they fear financial trouble if interest rates rise much further and one-in-three agree they’re concerned rising rates could move them toward bankruptcy.
More than 70 per cent of respondents say they’ll be more careful with how they spend money as rates move up, and nearly half say they believe they’ll have to take on more debt over the next year to cover expenses…
The quarterly MNP consumer debt index survey finds the number of Canadians who can’t cover their fixed monthly expenses is up eight points since September.
It also finds Canadians who are making ends meet have less disposable income, with an average $631 left after paying bills and contributing to debt repayment. That’s 15 per cent less money left over than in the previous quarter.
The survey says Canadians worried more about their debt as the Bank of Canada raised its benchmark interest rate twice last year and is expected to continue the momentum in 2018.
Four-in-10 respondents say they fear financial trouble if interest rates rise much further and one-in-three agree they’re concerned rising rates could move them toward bankruptcy.
More than 70 per cent of respondents say they’ll be more careful with how they spend money as rates move up, and nearly half say they believe they’ll have to take on more debt over the next year to cover expenses…
