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S&P/TSX composite index hits record closing high + MORE Jun 20th
Canada's main stock index closed at a record high Wednesday, boosted by a broad-based rally on the market..... More »
Liberals turn to pasta to move past 3 months of fuss and fury over tax fairness - CBC.ca + MORE Oct 17th
CBC.caLiberals turn to pasta to move past 3 months of fuss and fury over tax fairnessCBC.caWhen the prepared statements were finished and the floor was opened for questions, the first reporter in line wanted to question Bill Morneau, about not just the government's tax changes, but also whether.... More »
Worried about retirement? Don’t be if you consider this wealth of advice + MORE Oct 3rd
Save, invest, prosper with My Own Advisor.
Worried about retirement? Don’t be if you consider this wealth of advice For a few years now, I’ve been inspired and motivated by early retirement stories. We’re certainly not there yet but we’re getting there slowly. Using this si.... More »
Meet Toronto’s financial adviser taking care of NHL players’ big bucks May 28th
Blunt-talking Chris Moynes has seen athletes burn through millions and end up bankrupt. ‘My mantra is: Don’t let it happen to you. Don’t go broke’.... More »
What investors need to know about Canada Sep 20th
I will bet there’s not one Canadian (aside from Nordic sports enthusiasts, perhaps) who is excited about the coming winter. With COVID-19 cases rising, the real possibility of more lockdowns ahead and no warm-climate winter vacations to look forward to, the next few months are going to be long and.... More »
President-elect Donald Trump holds stock in the company building the disputed Dakota Access oil pipeline. Pipeline opponents fear his investments could affect any decision he makes on the $3.8-billion project.
Caisse warns Montreal transit project to cost more
– theglobeandmail.com
Quebec pension fund says it will raise its investment by $100-million to $3.1-billion; Montreal to invest $100-million
Stock indexes slightly positive, loonie down, crude and gold lower
– canadianbusiness.com
TORONTO – North American stock markets are showing modest gains this morning.
The Toronto Stock Exchange’s S&P/TSX composite index was up 12.80 points at 15,088.00 after two hours of trading.
The major U.S. markets, which were closed Thursday, and close early today at 1 p.m. because of the American Thanksgiving holiday, were also positive.
The Dow Jones industrial average gained 51.02 points to 19,134.20, the S&P 500 was up 5.4 points to 2,210.12, and the Nasdaq composite rose 9.04 points to 5,389.72.
The Canadian dollar was at 74.02 cents US, down 0.10 of a U.S. cent from Thursday’s close.
The January crude contract fell $1.18 to US$46.78 per barrel and January natural gas rose six cents to US$3.21 per mmBTU.
The December gold contract fell $4.70 to US$1,184.60 an ounce and December copper contracts were up six cents at US$2.67 a pound
The post Stock indexes slightly positive, loonie down, crude and gold lower appeared first on Canadian Business – Your Source For Business News.
The Toronto Stock Exchange’s S&P/TSX composite index was up 12.80 points at 15,088.00 after two hours of trading.
The major U.S. markets, which were closed Thursday, and close early today at 1 p.m. because of the American Thanksgiving holiday, were also positive.
The Dow Jones industrial average gained 51.02 points to 19,134.20, the S&P 500 was up 5.4 points to 2,210.12, and the Nasdaq composite rose 9.04 points to 5,389.72.
The Canadian dollar was at 74.02 cents US, down 0.10 of a U.S. cent from Thursday’s close.
The January crude contract fell $1.18 to US$46.78 per barrel and January natural gas rose six cents to US$3.21 per mmBTU.
The December gold contract fell $4.70 to US$1,184.60 an ounce and December copper contracts were up six cents at US$2.67 a pound
The post Stock indexes slightly positive, loonie down, crude and gold lower appeared first on Canadian Business – Your Source For Business News.
Comparing rates of return
– moneysense.ca
brightcove.createExperiences();
Q: I get confused when comparing rates of return. If a mutual fund’s rate of return is 4% and an ETF’s is 4%, are they equal? I understand that ETFs have lower fees, but aren’t both posted rates net of fees?
—Patrick Fisher, Victoria
A: Comparing apples to apples isn’t easy when it comes to investment products. You’re right that the rates of return for most mutual funds and ETFs are net of fees. But you need to factor in how you pay for the products you invest in and the services that may come alongside those products.
Research and Statistics Manager at Investment Funds Institute of Canada, Alykhan Surani explains, “mutual fund returns include the trailer fee paid to the dealer for fund distribution and advice. Most ETFs don’t include a trailer fee and, if purchased through an advisor, the advice and distribution charges are paid separately and not reflected in the posted rate of return…
Pork giant Olymel takes over southern Alberta hog producer Pinnacle Farms
– canadianbusiness.com
STRATHMORE, Alta. – One of Canada’s largest pork companies has taken over southern Alberta hog producer Pinnacle Farms.
Olymel L.P says it becomes the owner of all Pinnacle’s assets, which include quarantine, sow, nursery and finishing barns.
It also takes over management of the operation near Strathmore, east of Calgary.
The cost of the acquisition isn’t being disclosed.
Pinnacle, which employs 30 people, has been supplying finishing hogs to Olymel for more than four years.
The pork giant says its goal is to produce more than 1.5 million hogs annually in Western Canada by 2020 to meet a growing demand from customers.
Olymel has a processing plant in Red Deer, Alta., with more than 1,500 workers.
The company employs almost 11,500 people, including more than 8,000 in Quebec, and has large facilities in Ontario, Alberta, New Brunswick and Saskatchewan.
It exports nearly one-third of its total sales to more than 65 countries, but mainly to the United States, Japan and Australia…
Olymel L.P says it becomes the owner of all Pinnacle’s assets, which include quarantine, sow, nursery and finishing barns.
It also takes over management of the operation near Strathmore, east of Calgary.
The cost of the acquisition isn’t being disclosed.
Pinnacle, which employs 30 people, has been supplying finishing hogs to Olymel for more than four years.
The pork giant says its goal is to produce more than 1.5 million hogs annually in Western Canada by 2020 to meet a growing demand from customers.
Olymel has a processing plant in Red Deer, Alta., with more than 1,500 workers.
The company employs almost 11,500 people, including more than 8,000 in Quebec, and has large facilities in Ontario, Alberta, New Brunswick and Saskatchewan.
It exports nearly one-third of its total sales to more than 65 countries, but mainly to the United States, Japan and Australia…
