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
Exclusive: Nvidia to make Arm-based PC chips in major new challenge to Intel - Reuters Oct 23rd
Exclusive: Nvidia to make Arm-based PC chips in major new challenge to Intel ReutersNVIDIA and AMD reportedly working on ARM-based processors for PCs VideoCardz.comIntel stock drops on report Nvidia is working on an Arm-based PC chip CNBCBernstein's Stacy Rasgon reac.... More »
Which ETFs are the most tax-efficient for Canadian investors? + MORE Sep 8th
One difference I’ve noticed when speaking with Canadian and U.S. investors is how much more focused the latter tend to be on taxes.
Chalk that up as a win for Canadians. Between the tax-free savings account (TFSA), registered retirement savings plan (RRSP), and first home savings account (FHSA).... More »
How to invest in Canadian bank ETFs + MORE May 22nd
Though they’re well represented in Canadian stock indices, you can see why some investors would want even more exposure to Canadian banks. They have enviable dividend growth histories and ample current yields. They offer relatively stable earnings that are not vulnerable to global tariffs or suppl.... More »
Money record in jeopardy - World News - Castanet.net May 28th
Money record in jeopardy - World News Castanet.netJames Holzhauer's "Jeopardy" winning streak is still going and he may be on track to surpass Ken Jennings' record earnings in the next month.View full coverage on Google News.... More »
What happens when a buyer backs out of a real estate deal? Aug 31st
When it comes to backing out of a real estate deal, the law doesn’t tend to side with the dealbreaker, says Ron Butler, a veteran mortgage broker and one of the founders of Butler Mortgage in Toronto. If you’re the buyer, “You should find a way to complete the sale—beg, borrow, do whatever y.... More »
Valeant strikes deal to reduce its portion of Allergan settlement to $96.25M
– canadianbusiness.com
LAVAL, Que. _ Valeant Pharmaceuticals International, Inc. (TSX:VRX) says it has agreed to pay US$96.25 million to settle lawsuits filed in California in the wake of the unsuccessful attempted hostile takeover in 2014 of Botox maker Allergan Inc.
The company says in a news release the rest of the agreed settlement of US$290 million, about 67 per cent, will be covered by co-defendant Pershing Square Capital Management, L.P.
Pershing Square, an American hedge fund, says in a separate release that Laval, Que.-based Valeant had originally agreed to pay 60 per cent of the settlement but the two disagreed on “desirability and timing” of the move and the U.S. investment company will pay more to take control.
Both companies say they are admitting no wrongdoing by settling. The lawsuit accusing them of insider trading was brought by shareholders who sold Allergan stock in the two months before the US$51-billion bid was launched.
Pershing Square CEO Bill Ackman says he still believes the lawsuit had “absolutely no merit,” but settling now will save resources required for a lengthy litigation…
The company says in a news release the rest of the agreed settlement of US$290 million, about 67 per cent, will be covered by co-defendant Pershing Square Capital Management, L.P.
Pershing Square, an American hedge fund, says in a separate release that Laval, Que.-based Valeant had originally agreed to pay 60 per cent of the settlement but the two disagreed on “desirability and timing” of the move and the U.S. investment company will pay more to take control.
Both companies say they are admitting no wrongdoing by settling. The lawsuit accusing them of insider trading was brought by shareholders who sold Allergan stock in the two months before the US$51-billion bid was launched.
Pershing Square CEO Bill Ackman says he still believes the lawsuit had “absolutely no merit,” but settling now will save resources required for a lengthy litigation…
Commodities, marijuana stocks steer TSX to small decline on last trading day of 2017
– canadianbusiness.com
TORONTO – Crossing the US$60 oil barrier wasn’t enough to steer the Toronto stock index out of the red ahead of the holiday weekend, as Canadian cannabis companies experienced a volatile trading day.
The February crude contract climbed 58 cents to US$60.42 per barrel, its highest level since June 24, 2015.
Meanwhile, the commodity-heavy S&P/TSX composite index retreated from its two-day record streak, declining 12.82 points to 16,209.13. On Wednesday and Thursday, the TSX closed at all-time highs of 16,203.13 and 16,221.95, respectively.
Included in the TSX’s broad-based decline was the health-care sector after major pot producers such as Canopy Growth Corp. (TSX:WEED) and Aurora Cannabis Inc. (TSX:ACB) had their stocks temporarily halted at mid-day after their shares dropped by nearly 15 per cent within a short time frame.
In New York, the Dow Jones industrial average fell 118.29 points to 24,719.22. The S&P 500 index was down 13.93 points to 2,673.61 and the Nasdaq composite index gave back 46…
The February crude contract climbed 58 cents to US$60.42 per barrel, its highest level since June 24, 2015.
Meanwhile, the commodity-heavy S&P/TSX composite index retreated from its two-day record streak, declining 12.82 points to 16,209.13. On Wednesday and Thursday, the TSX closed at all-time highs of 16,203.13 and 16,221.95, respectively.
Included in the TSX’s broad-based decline was the health-care sector after major pot producers such as Canopy Growth Corp. (TSX:WEED) and Aurora Cannabis Inc. (TSX:ACB) had their stocks temporarily halted at mid-day after their shares dropped by nearly 15 per cent within a short time frame.
In New York, the Dow Jones industrial average fell 118.29 points to 24,719.22. The S&P 500 index was down 13.93 points to 2,673.61 and the Nasdaq composite index gave back 46…
The Financial Consumer Agency of Canada won’t be releasing the results of its review of business practices among Canada’s major banks by the end of the year, as originally anticipated.
Bullish on Best Buy
– theglobeandmail.com
A technical look at the stock
