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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Toronto Stock Exchange launches world's first Bitcoin ETF - CBC News: The National Feb 20th
Toronto Stock Exchange launches world's first Bitcoin ETF CBC News: The NationalNorth America's second bitcoin ETF launches in Canada today Yahoo Canada FinanceThe 1st Bitcoin ETF Launches: Should You Buy Today? The Motley Fool Canada17:00 ET Purpose Investments Virt.... More »
Detox your spending and experience better financial health Dec 27th
Using your creativity and resourcefulness to stop spending for a week on anything but essentials will give you more savings and less stress; you win both ways, Lesley-Anne Scorgie writes..... More »
Introducing KOHO, a unique financial service app Aug 16th
Nowadays, consumers can shop around for the low- or no-fee accounts, competitive interest rates, and additional features they want. And banks aren’t the only ones delivering financial services to Canadians. Fintechs, which integrate technologies into the financial sector, have empowered developers.... More »
Fortis to buy U.S. electric transmission company ITC + MORE Feb 9th
ST. JOHN’S, N.L. — Fortis Inc. has a friendly US$11.3-billion deal to buy U.S. electric transmission company ITC, an acquisition that extends the Newfoundland-based utility company’s already vast reach south of the border.
The proposed agreement announced Tuesday — which requires var.... More »
Toronto's bid for Amazon HQ to focus on wealth of tech talent Sep 9th
Toronto will face "fierce competition" to land Amazon’s second headquarters, but its mayor and several experts think it has a chance..... More »
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,920.14, down 7.01 points):
First Capital Realty Inc. Real estate. Up six cents, or 0.33 per cent, to $18.10 on 8.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Unchanged at $1.44 on seven million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 26 cents, or 3.65 per cent, to $7.39 on 4.3 million shares.
ProMetic Life Sciences Inc. (TSX:PLI). Biotechnology. Up 26 cents, or 7.98 per cent, to $3.52 on 4.1 million shares.
Perpetual Energy Inc. (TSX:PMT). Oil and gas. Down half a cent, or 11.11 per cent, to four cents on 4.1 million shares.
Data Group Ltd. (TSX:DGI). Business services. Down half a cent, or 25 per cent, to 1.5 cents on 4.1 million shares.
Companies reporting major news:
Air Canada (TSX:AC). Airline. Up one cent, or 0.10 per cent, to $9.96 on 744,428 shares. Air Canada has asked the country’s top court to overturn a Quebec ruling that would require the airline to keep its maintenance operations in the country…
Toronto Stock Exchange (12,920.14, down 7.01 points):
First Capital Realty Inc. Real estate. Up six cents, or 0.33 per cent, to $18.10 on 8.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Unchanged at $1.44 on seven million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 26 cents, or 3.65 per cent, to $7.39 on 4.3 million shares.
ProMetic Life Sciences Inc. (TSX:PLI). Biotechnology. Up 26 cents, or 7.98 per cent, to $3.52 on 4.1 million shares.
Perpetual Energy Inc. (TSX:PMT). Oil and gas. Down half a cent, or 11.11 per cent, to four cents on 4.1 million shares.
Data Group Ltd. (TSX:DGI). Business services. Down half a cent, or 25 per cent, to 1.5 cents on 4.1 million shares.
Companies reporting major news:
Air Canada (TSX:AC). Airline. Up one cent, or 0.10 per cent, to $9.96 on 744,428 shares. Air Canada has asked the country’s top court to overturn a Quebec ruling that would require the airline to keep its maintenance operations in the country…
Are RRSPs ever a waste of time?
– moneysense.ca
Q: I am a 38 year old school teacher and currently contributing to a bank RRSP. I will have a pension and am being told I am wasting my time with an RRSP. Should I stop contributing to the RRSP and if so, how should I save for retirement?—Annette
A: I find that defined benefit (DB) pensions can be a bit of a double-edged sword—you have a nice income stream in retirement, but sometimes at the expense of too much saving today.
On that basis, Annette, I will say that there may be something to the advice that you have been given—“may” being the operative word.
Time and time again, I am concerned with the blanket financial advice that is given by the industry, the media, coworkers, brothers-in-law and so on. RRSPs are never a waste—they just might not be the best tool for you to achieve your own personal goals.
Sometimes a DB pension will cover all of your retirement needs. I work with many retired clients with DB pensions who are actually saving in retirement because their incomes exceed their expenses…
Bell’s appeal of Internet ruling ignites debate over competition, investment incentives
– theglobeandmail.com
Montreal-based BCE said last year that it plans to spend $20-billion on capital expenditures – including investments in bringing fibre-optic cables directly to customers’ homes to replace its legacy copper wires – through 2020
Canadians plan to make charitable giving a priority
– moneysense.ca
Almost 60% of Canadians plan to make it a priority to donate to charitable causes in 2016, finds a BMO Wealth Management report. Other priorities include becoming healthier, spending more time with family and friends, and improving their overall financial situation by spending less, saving more and paying off debt.
When thinking about which charities they will support in the year ahead, one-third (32%) say they’ll donate to the same charities they did in 2015, while 56% are considering making some changes. The top causes or sectors to which Canadians plan to donate in 2016 are:
When thinking about which charities they will support in the year ahead, one-third (32%) say they’ll donate to the same charities they did in 2015, while 56% are considering making some changes. The top causes or sectors to which Canadians plan to donate in 2016 are:
health/medical (54%);
anti-poverty and helping the disadvantaged (48%);
animal welfare (27%); or
foundations (20%).
Our ranking of the top charities in Canada »
Although Canadians have an idea of where they will donate, the study finds that more than half (58%) do not have a strategy, and give only as they feel the need or have the money. The top reasons for this are:
they prefer to give on a case-by-case basis (33%);
they do not think it is necessary (31%); or
they do not have enough money to give regularly (31%)…
Business Highlights
– canadianbusiness.com
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Chinese investors swearing off stocks after price turmoil
BEIJING (AP) — Battered by market gyrations, Chinese small investors are swearing off stocks. That is setting back the ruling Communist Party’s hopes of encouraging widespread stock ownership to help transform its financial markets into tools to propel economic reform.
Despite a rebound in prices from their August lows, no significant new money from small investors has flowed into stocks, according to Guo Yanhong, a market strategist for Founder Securities.
Last year’s Chinese stock boom and disastrous bust has left a legacy of public distrust of financial markets along with a bill the ruling party has yet to disclose for its rescue.
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Even with Iran-Saudi tension, supply dictates price of oil
DALLAS (AP) — A persistent glut of oil is trumping Middle Eastern tension, extending the slump in oil markets into the new year.
The price of oil fell 30 per cent last year, following a 50 per cent plunge in 2014. The price is already down in early days of 2016…
Chinese investors swearing off stocks after price turmoil
BEIJING (AP) — Battered by market gyrations, Chinese small investors are swearing off stocks. That is setting back the ruling Communist Party’s hopes of encouraging widespread stock ownership to help transform its financial markets into tools to propel economic reform.
Despite a rebound in prices from their August lows, no significant new money from small investors has flowed into stocks, according to Guo Yanhong, a market strategist for Founder Securities.
Last year’s Chinese stock boom and disastrous bust has left a legacy of public distrust of financial markets along with a bill the ruling party has yet to disclose for its rescue.
___
Even with Iran-Saudi tension, supply dictates price of oil
DALLAS (AP) — A persistent glut of oil is trumping Middle Eastern tension, extending the slump in oil markets into the new year.
The price of oil fell 30 per cent last year, following a 50 per cent plunge in 2014. The price is already down in early days of 2016…
