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
Moving to the U.S.? Don’t rush to convert your Canadian portfolio Jun 29th
For many Canadians relocating to the United States, one of the first financial questions that surfaces is whether they should convert their Canadian investments into U.S. dollars. The answer is usually no, and acting too quickly can cost you more than you might expect.
The instinct to “go A.... More »
Snapshot of US job market: Solid hiring, falling unemployment but still-tepid pay growth + MORE Sep 7th
WASHINGTON – On Labor Day weekend 2015, the U.S. job market has found an old sweet spot: 5.1 per cent unemployment — many miles from the 10 per cent joblessness America endured back in 2009.
It’s the lowest rate in more than seven years, suggestive of healthy hiring levels that have tr.... More »
Could bitcoin reach $200,000 by the end of 2025? + MORE Jul 30th
Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.
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Trump quickly settles university lawsuits after a long fight Nov 19th
SAN DIEGO – For more than six years, Donald Trump fought hard against a lawsuit in which former customers of his now-defunct Trump University accused him of fraud. Less than two weeks after being elected president, he agreed to a $25 million settlement.
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Five things to watch for in the Canadian business world in the coming week + MORE Jul 19th
TORONTO – Here are five things to look for in Canadian business this week:
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How Bad Data Leads to Poor Investment Decisions
– CanadianCouchPotato.com
Making smart investment decisions is difficult enough when you have reliable information. If you’re working with inaccurate or misleading data, good decisions become almost impossible.The most popular source of confusion and misinformation has to be Google Finance. I don’t want to be too hard on Google: the company offers a suite of extraordinarily useful tools for free. But for Canadian investors, Google Finance provides information about ETFs and mutual funds that is highly misleading, and often flat-out wrong. Let’s look at some examples.
The price is right—but it’s only half the story
Google Finance (and other services offering online stock quotes) is useful for charting the changes in an ETF’s price over time. But it does not measure the effect of reinvested dividends and interest. That means you’re only getting half the story: the total return of an investment fund should always be measured assuming all distributions are reinvested.
This can make a dramatic difference when you’re looking at the performance of a fund that pays large distributions…
Flocking to high-flying Shopify may just be wishful thinking
– theglobeandmail.com
Investors are free to buy into the exuberance now, with all the risks and rewards that come with a high-flying IPO stock. The rest of us would be wise to stay off the bandwagon
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,014.09, down 92.91 points):
New Gold Inc. (TSX:NGD). Miner. Up nine cents, or 2.28 per cent, to $4.04 on 26.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up two cents, or 0.78 per cent, to $2.58 on 26.1 million shares.
Veresen Inc. (TSX:VSN). Oil and gas. Up six cents, or 0.32 per cent, to $18.57 on 14.3 million shares.
Carpathian Gold Inc. (TSX:CPN). Miner. Unchanged at 2.5 cents on 10.8 million shares.
Turquoise Hill Resources Ltd. (TSX:TRQ). Miner. Up eight cents, or 1.49 per cent, to $5.46 on 8.1 million shares.
Element Financial Corp. (TSX:EFN). Financial Services. Down 19 cents, or 1.01 per cent, to $18.61 on 6.4 million shares.
Companies reporting major news:
Bank of Nova Scotia (TSX:BNS). Bank. Up 83 cents, or 1.29 per cent, to $65.40 on 5.8 million shares. The bank reported second-quarter net income of $1.8 billion, or $1.42 per share, relatively flat with a year earlier when earnings per share were $1…
Toronto Stock Exchange (15,014.09, down 92.91 points):
New Gold Inc. (TSX:NGD). Miner. Up nine cents, or 2.28 per cent, to $4.04 on 26.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up two cents, or 0.78 per cent, to $2.58 on 26.1 million shares.
Veresen Inc. (TSX:VSN). Oil and gas. Up six cents, or 0.32 per cent, to $18.57 on 14.3 million shares.
Carpathian Gold Inc. (TSX:CPN). Miner. Unchanged at 2.5 cents on 10.8 million shares.
Turquoise Hill Resources Ltd. (TSX:TRQ). Miner. Up eight cents, or 1.49 per cent, to $5.46 on 8.1 million shares.
Element Financial Corp. (TSX:EFN). Financial Services. Down 19 cents, or 1.01 per cent, to $18.61 on 6.4 million shares.
Companies reporting major news:
Bank of Nova Scotia (TSX:BNS). Bank. Up 83 cents, or 1.29 per cent, to $65.40 on 5.8 million shares. The bank reported second-quarter net income of $1.8 billion, or $1.42 per share, relatively flat with a year earlier when earnings per share were $1…
Bank of Nova Scotia capped off earnings season for Canada’s big banks, posting a better-than-expected profit.
Reuters CanadaCanada economy contracts by most in 6 years in first quarterReuters CanadaOTTAWA (Reuters) – Canada's economy contracted by the most in nearly six years in the first quarter, with business investment and exports both falling as the country grappled with a slump in oil prices. Growth in March was also disappointing, suggesting a …MY BIZ: GDP grows 7.3% but data questionedDaily MailGDP grows by 7.3 % but fails to overtake ChinaThe HinduExpert views on India's economy growing 7.5 pct in Jan-March | ReutersFirstpostFinancial Post -Livemint -Arab Newsall 279 news articles »
