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
Regulators fiddle while investors burn over fund fees at discount brokers + MORE Mar 3rd
Adviser commissions are still charged on many mutual funds despite 2017 report that found them unwarranted
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Trump's Tariffs Keep Allies, Markets and Industry Guessing - New York Times Mar 24th
New York TimesTrump's Tariffs Keep Allies, Markets and Industry GuessingNew York TimesWASHINGTON — President Trump's flurry of trade moves this past week raised uncertainty and confusion among financial markets, trading partners, lawmakers and American industry, prompting many to ask wha.... More »
Ontario premier urges feds to 'just cut us a cheque' to help rescue struggling cities - CTV News Jul 2nd
Ontario premier urges feds to 'just cut us a cheque' to help rescue struggling cities CTV NewsCoronavirus: Ontario premier announces additional $150M investment in homeless shelters | FULL Global NewsOntario sees 302 new COVID-19 cases in past 2 days CBC.caOntario go.... More »
How life insurance brokers get paid Mar 25th
A life insurance broker gets paid to provide you with the best life insurance coverage for your needs. But how does the process work? To answer that, we’ve outlined what insurance brokers do, how insurance brokers get paid (by you and/or the provider?), and how to spot a great broker, so you can e.... More »
What to look for when choosing a financial advisor + MORE Feb 14th
Q. Our portfolio is approximately $1 million and is split almost equally between two advisors: one at a major bank and the other at a private firm. I have been considering consolidating our investments with one advisor. My question is, do we go with the bank or the private service? What’s the be.... More »
Upstart stock exchange IEX fuels frustrations about financial industry
– theglobeandmail.com
IEX Group Inc.’s bid to become a fully fledged player in the trading world has drawn heated debate
Resolute seeks $70M-plus in damages over revival of Port Hawkesbury paper mill
– canadianbusiness.com
MONTREAL – Resolute Forest Products Inc. (TSX: RFP) is seeking damages of more than $70 million under the North American Free Trade Agreement, citing losses it blames on the government-aided revival of an idled paper mill in Nova Scotia.
Resolute said in a statement Wednesday that it has filed a notice of arbitration under NAFTA, saying the closure of its Laurentide mill in Quebec was a result of competition from the paper mill in Port Hawkesbury, N.S..
The mill, idled for about a year, was restarted with the aid more than $124 million in government assistance in 2012.
“Resolute contends those measures discriminated in favour of Port Hawkesbury and resulted, among other damages, in the closing of Resolute’s Laurentide mill in October 2014, depriving Resolute of its investment in that mill, and the value of other investments, in violation of the company’s rights under NAFTA as a U.S. investor in Canada.”
The company said its is seeking damages for direct losses of some $70 million, as well as unspecified consequential damages “and additional costs and relief deemed just and appropriate by an arbitral tribunal…
Resolute said in a statement Wednesday that it has filed a notice of arbitration under NAFTA, saying the closure of its Laurentide mill in Quebec was a result of competition from the paper mill in Port Hawkesbury, N.S..
The mill, idled for about a year, was restarted with the aid more than $124 million in government assistance in 2012.
“Resolute contends those measures discriminated in favour of Port Hawkesbury and resulted, among other damages, in the closing of Resolute’s Laurentide mill in October 2014, depriving Resolute of its investment in that mill, and the value of other investments, in violation of the company’s rights under NAFTA as a U.S. investor in Canada.”
The company said its is seeking damages for direct losses of some $70 million, as well as unspecified consequential damages “and additional costs and relief deemed just and appropriate by an arbitral tribunal…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,142.29, down 103.46 points):
Perpetual Energy Inc. (TSX:PMT). Oil and gas. Down half-a-cent, or 9.09 per cent, to five cents on five million shares.
Data Group Ltd. (TSX:DGI). Business services. Down half-a-cent, or 25 per cent, to 1.5 cents on 4.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 32 cents, or 5.80 per cent, to $5.20 on 2.9 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 37 cents, or 8.24 per cent, to $4.12 on 2.6 million shares.
Mart Resources, Inc. (TSX:MMT). Oil and gas. Up one cent, or 11.76 per cent, to 9.5 cents on 2.6 million shares.
Anderson Energy Inc. (TSX:AXL). Oil and gas. Up half-a-cent, or 100 per cent, to one cent on 2.5 million shares.
Companies reporting major news:
Telus Corp. (TSX:T). Communication services. Down 27 cents, or 0.69 per cent, to $38.91 on 470,930 shares. Telus has become the second Canadian telecommunications company to reach an agreement with the Competition Bureau over its participation in misleading premium text message services…
Toronto Stock Exchange (13,142.29, down 103.46 points):
Perpetual Energy Inc. (TSX:PMT). Oil and gas. Down half-a-cent, or 9.09 per cent, to five cents on five million shares.
Data Group Ltd. (TSX:DGI). Business services. Down half-a-cent, or 25 per cent, to 1.5 cents on 4.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 32 cents, or 5.80 per cent, to $5.20 on 2.9 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 37 cents, or 8.24 per cent, to $4.12 on 2.6 million shares.
Mart Resources, Inc. (TSX:MMT). Oil and gas. Up one cent, or 11.76 per cent, to 9.5 cents on 2.6 million shares.
Anderson Energy Inc. (TSX:AXL). Oil and gas. Up half-a-cent, or 100 per cent, to one cent on 2.5 million shares.
Companies reporting major news:
Telus Corp. (TSX:T). Communication services. Down 27 cents, or 0.69 per cent, to $38.91 on 470,930 shares. Telus has become the second Canadian telecommunications company to reach an agreement with the Competition Bureau over its participation in misleading premium text message services…
TSX lower as oil, metals slip
– thestar.com
The Toronto stock market was in its second day of a post-Christmas slump Wednesday as Canada’s main index followed lower commodity prices.
Business Highlights
– canadianbusiness.com
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How to spend $5 trillion: A record-breaking year in deals
NEW YORK (AP) — Companies around the world spent a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.
Dealogic, a financial data provider, says the value of global deals soared 37 per cent in 2015. The highest price tag came in November, when Pfizer and Allergan announced the biggest pharmaceutical deal in history.
Low interest rates since the Great Recession have made it cheaper for companies to borrow money to pay for acquisitions, and because the global economy only grew slowly this year, companies decided it made more sense to buy their competitors instead of trying to boost their sales on their own.
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Why you should consider freezing your credit reports
NEW YORK (AP) — Freeze your credit reports before you get burned.
That’s the message from security experts, consumer advocates and some state Attorneys General…
How to spend $5 trillion: A record-breaking year in deals
NEW YORK (AP) — Companies around the world spent a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.
Dealogic, a financial data provider, says the value of global deals soared 37 per cent in 2015. The highest price tag came in November, when Pfizer and Allergan announced the biggest pharmaceutical deal in history.
Low interest rates since the Great Recession have made it cheaper for companies to borrow money to pay for acquisitions, and because the global economy only grew slowly this year, companies decided it made more sense to buy their competitors instead of trying to boost their sales on their own.
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Why you should consider freezing your credit reports
NEW YORK (AP) — Freeze your credit reports before you get burned.
That’s the message from security experts, consumer advocates and some state Attorneys General…
