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
U.S. says illicit activity is top cryptocurrency concern + MORE Jan 25th
The Treasury Secretary told the World Economic Forum in Davos that ‘we want to make sure all of our financial markets are safe’
.... More »
Making sense of the markets this week: August 21 Aug 19th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
U.S. retailers: People are spending differently, but they’re still spending
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How to make the most of your compensation Jun 19th
How much money do you make? Many people zero in on their paycheques when considering their compensation. Yet experts say workers should regularly check that they’re taking advantage of vacation time and other benefits, lest they leave money on the table.
Employees often receive other cons.... More »
Police release graphic video of fatal shooting in downtown Toronto, looking to identify suspects - Globalnews.ca May 25th
Globalnews.caPolice release graphic video of fatal shooting in downtown Toronto, looking to identify suspectsGlobalnews.caWARNING: Viewer discretion is advised. The Toronto police homicide squad say they have released a graphic video showing the fatal shooting of Jaiden Jackson with the goal of iden.... More »
Trump administration takes another swipe at 'Obamacare' - Ottawa Citizen + MORE Jul 8th
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CEO Suzanne West vows to pursue greener path after oil firm splits with backers
– canadianbusiness.com
CALGARY _ One of the few female CEOs in the Canadian oilpatch says she is looking forward to creating a “clean hydrocarbons” company after she parted ways with the American financial backers of her oil and gas producing firm.
Suzanne West said Friday her company, Imaginea Energy Corp., has split with private equity firm Lime Rock Partners and all assets of the company related to its oil and gas production _ including offices and employees _ have been reassigned to Calgary-based Cor4 Oil Corp.
“Earlier in the year we came to the conclusion both together that we were not aligned on the same page. They just want to be a traditional company focused on profits and I clearly don’t,” she said.
“I want to change the fortunes of our industry and how we participate on the planet side and on the people side.”
West said Lime Rock, which has offices in Westport, Conn., Houston and London, decided to buy her out after hiring consultants to examine strategic alternatives for the company…
Suzanne West said Friday her company, Imaginea Energy Corp., has split with private equity firm Lime Rock Partners and all assets of the company related to its oil and gas production _ including offices and employees _ have been reassigned to Calgary-based Cor4 Oil Corp.
“Earlier in the year we came to the conclusion both together that we were not aligned on the same page. They just want to be a traditional company focused on profits and I clearly don’t,” she said.
“I want to change the fortunes of our industry and how we participate on the planet side and on the people side.”
West said Lime Rock, which has offices in Westport, Conn., Houston and London, decided to buy her out after hiring consultants to examine strategic alternatives for the company…
My portfolio of misfit stocks has left the TSX in the dust
– theglobeandmail.com
Some near-dead stocks can regenerate – often spectacularly – after the market has given up on them
North American markets up in broad advance, as price of oil rallies nearly US$1
– canadianbusiness.com
TORONTO _ Canada’s main stock index moved up modestly Friday, as U.S. stocks set more records in quiet post-U.S. Thanksgiving holiday trading.
The Toronto Stock Exchange’s S&P/TSX composite index gained 33.79 points to 16,108.09, in a broad-based advance.
South of the border, the Dow Jones industrial average finished slightly below its record high from Tuesday, adding 31.81 points to 23,557.99.
But the other major Wall Street indices closed at all-time highs: The S&P 500 index added 5.34 points to 2,602.42 and the Nasdaq composite index rose 21.80 points to 6,889.16.
“It’s been a really flat day, a flat day for the major North American stock markets. It’s a thin day of trading,” said Todd Mattina, a chief economist at Mackenzie Investments. “It’s to be expected on a Friday following the U.S. Thanksgiving holiday.”
In commodities news, the price of oil continued its bullish pace this week, as the January crude contract climbed 93 cents to US$58…
The Toronto Stock Exchange’s S&P/TSX composite index gained 33.79 points to 16,108.09, in a broad-based advance.
South of the border, the Dow Jones industrial average finished slightly below its record high from Tuesday, adding 31.81 points to 23,557.99.
But the other major Wall Street indices closed at all-time highs: The S&P 500 index added 5.34 points to 2,602.42 and the Nasdaq composite index rose 21.80 points to 6,889.16.
“It’s been a really flat day, a flat day for the major North American stock markets. It’s a thin day of trading,” said Todd Mattina, a chief economist at Mackenzie Investments. “It’s to be expected on a Friday following the U.S. Thanksgiving holiday.”
In commodities news, the price of oil continued its bullish pace this week, as the January crude contract climbed 93 cents to US$58…
Some of the best options for tracking your portfolio
– theglobeandmail.com
Rob Carrick looks at the alternatives to monitor stocks, ETFs and mutual funds
Tax confusion: What’s deductible and what’s not
– moneysense.ca
A penny saved is a penny earned. That’s one of the great truisms in life —and in personal finance. But I don’t think the Canada Revenue Agency (the CRA) entirely agrees with it. To them, money spent on earning income is deductible, but money spent on ultimately saving money by arranging financial affairs or doing financial planning for the future is not.
It is one of the great quirks of the Canadian Income Tax Act (ITA). On the one hand you have services like investment counseling that are provided in order to generate income. They are deductible under the act – section 20 (1) (bb). On the other hand, you have services that help with other elements of your financial affairs (accounting, budgeting, financial planning, etc.). These are not deductible.
This brings up some important points for consideration, since we’ve kicked open a bit of a hornet’s nest lately regarding the concept of ‘tax fairness’ in Canada. With the rise of many wealth management service fees being paid separately, consumers often pay a simple household fee based on total Assets Under Management (AUM) for their family unit…
