Business Highlights + MORE Oct 24th

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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Business Highlights

– canadianbusiness.com

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Markets back in positive territory after summer swoon
NEW YORK (AP) — Maybe you shouldn’t have put your money under a mattress after all.
The stock market is back in the black for the year after a bruising late-August tumble that had investors worrying about their money in a way they hadn’t in four years.
A three-week surge in stocks has now lifted the Standard & Poor’s 500 index above where it was at the beginning of 2015 for the first time since the summer.
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China move shows global reliance on low rates to lift growth
BEIJING (AP) — China’s sixth interest-rate cut in a year shows how hard it is to keep the world’s second-biggest economy growing vigorously while attempting one of history’s most audacious economic transformations.
The country’s central bank on Friday announced cuts in benchmark interest rates on loans and deposits.
The moves by the People’s Bank of China are the latest sign that the world’s major central banks remain committed to unusually low rates to try to spur economic growth…

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WASHINGTON – Indonesia’s leader is making his first official U.S. visit since sweeping to power a year ago. It’s a chance to build a rapport with an American president with personal ties to his country, and to persuade American companies that he’ll make it easier to invest in Southeast Asia’s biggest economy.
President Joko “Jokowi” Widodo will meet President Barack Obama on Monday, then huddle with U.S. business leaders, first in Washington, then in the technology hub of Silicon Valley. Business deals valued at $19.5 billion, including joint projects between Indonesian state utilities and U.S. firms in the power sector, are due to be announced, according to Indonesian officials who spoke on condition of anonymity because they were not authorized to speak publicly about planning for the trip.
Obama, who lived in Indonesia as a child, visited the country twice during his first term as he sought to put more emphasis on America’s ties with Asia…

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