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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5 things to know about your RRSP before the deadline + MORE Feb 4th
OTTAWA – Recent volatility on the markets has bruised RRSP investments. As the Feb. 29 deadline for contributions looms, here are five things to know about RRSPs:
— They allow you to defer taxes, not avoid them. You are able to deduct your contributions from your income, but when you withdraw th.... More »
Why emotional biases may be riskier than market swings + MORE Apr 17th
Investing your money in the stock market can be more emotional than analytical, especially when the markets are volatile. And at times, it can be hard to keep those emotions in check. That’s when behavioural biases start driving investment decisions—moves that are purely based on how youR.... More »
No house? No worries: How to tip the financial scales in your favour if you can’t afford to buy a home Jun 12th
How can you generate wealth without owning four walls and a roof? We asked the experts..... More »
Spotify files for IPO of up to $1-billion + MORE Feb 28th
The company intends to apply to list its ordinary shares on the New York Stock Exchange under the ticker symbol ‘SPOT’
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Before the Bell: Stocks set to rise on strong earnings + MORE Oct 18th
A look at overnight markets and what's ahead this trading day in North America
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Can't pay your debt? Consumer proposal or bankruptcy are last resorts
– theglobeandmail.com
The most common route for those in dire financial straits is the consumer proposal.
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,107.00, down 3.47 points):
Carpathian Gold Inc. (TSX:CPN). Miner. Up one cent, or 66.67 per cent, to 2.5 cents on 12.8 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down four cents, or 1.50 per cent, to $2.63 on 9.9 million shares.
Cequence Energy Ltd. (TSX:CQE). Oil and gas. Up four cents, or 4.76 per cent, to 88 cents on 4.6 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 1.59 per cent, to $2.56 on 4.6 million shares.
Toronto-Dominion Bank (TSX:TD). Bank. Down 61 cents, or 1.09 per cent, to $55.37 on 4.2 million shares. The bank reported a seven per cent decrease in second-qaurter net income. But stripping our one-time items, including a $337-million restructuring charge, adjusted earnings were up nearly five per cent to $2.2 billion, or $1.14 a per share, beating analyst expectations by three cents.
Lundin Mining Corp. (TSX:LUN)…
Toronto Stock Exchange (15,107.00, down 3.47 points):
Carpathian Gold Inc. (TSX:CPN). Miner. Up one cent, or 66.67 per cent, to 2.5 cents on 12.8 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Down four cents, or 1.50 per cent, to $2.63 on 9.9 million shares.
Cequence Energy Ltd. (TSX:CQE). Oil and gas. Up four cents, or 4.76 per cent, to 88 cents on 4.6 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 1.59 per cent, to $2.56 on 4.6 million shares.
Toronto-Dominion Bank (TSX:TD). Bank. Down 61 cents, or 1.09 per cent, to $55.37 on 4.2 million shares. The bank reported a seven per cent decrease in second-qaurter net income. But stripping our one-time items, including a $337-million restructuring charge, adjusted earnings were up nearly five per cent to $2.2 billion, or $1.14 a per share, beating analyst expectations by three cents.
Lundin Mining Corp. (TSX:LUN)…
Consumer proposal, bankruptcy last resorts for debt relief
– moneysense.ca
(Mike Kemp/Getty Images)OTTAWA – By the time a potential client walks into bankruptcy trustee Andre Bolduc’s office, they have generally reached the end of their financial road, unable to pay their debts.
They have exhausted all the other possibilities including, consolidation loans, restructuring their budget or even getting a second job, leaving them with two options.
A formal consumer proposal to creditors or bankruptcy.
“Both of them will stay your creditors and give you relief from your creditors,” said Bolduc, a senior vice-president at BDO Canada.
The most common route for those in dire financial straits is the consumer proposal.
Under the proposal process, debtors strike a deal with their creditors to pay a portion of what they owe over a period of up to five years. Creditors will often agree to proposals because they will end up getting more than they would under a bankruptcy process.
The proposal process also makes it easier for you to keep your house which you may be forced to sell in bankruptcy…
Canada Stocks to Watch: RBC, CIBC, TD, Teck and more
– blogs.wsj.com
Three of Canada biggest banks reported better-than-expected earnings today.
Express, Broadcom, Tilly’s, Abercrombie & Fitch and GoPro are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Express Inc., up 79 cents to $17.41
The clothing retailer reported better-than-expected first-quarter results and increased its full-year profit forecast.
Abercrombie & Fitch Co., up $2.65 to $22.30
The teen clothing retailer, in the midst of overhauling its racy image, said it expects sales to improve in the next year.
Tillys Inc., down $3.22 to $9.78
The clothing and accessories retailer reported better-than-expected profit, but its revenue and outlook disappointed Wall Street.
Rally Software Development Corp., up $5.94 to $19.45
The cloud-based software and services company is being bought by CA Technologies for about $480 million in an expansion move.
Nasdaq
Broadcom Corp., down 90 cents to $56.25
Rival Avago Technologies Ltd. is buying the chipmaker in a $37 billion cash-and-stock deal as the companies try to boost growth.
GoPro Inc…
NYSE
Express Inc., up 79 cents to $17.41
The clothing retailer reported better-than-expected first-quarter results and increased its full-year profit forecast.
Abercrombie & Fitch Co., up $2.65 to $22.30
The teen clothing retailer, in the midst of overhauling its racy image, said it expects sales to improve in the next year.
Tillys Inc., down $3.22 to $9.78
The clothing and accessories retailer reported better-than-expected profit, but its revenue and outlook disappointed Wall Street.
Rally Software Development Corp., up $5.94 to $19.45
The cloud-based software and services company is being bought by CA Technologies for about $480 million in an expansion move.
Nasdaq
Broadcom Corp., down 90 cents to $56.25
Rival Avago Technologies Ltd. is buying the chipmaker in a $37 billion cash-and-stock deal as the companies try to boost growth.
GoPro Inc…
