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’s deflating housing bubble, in one chart + MORE Jul 7th
(iStock)
Home sales in Canada’s largest city slowed down for the third month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listings rose nearly 16 per cent, and active listings surged over the year before.
The average house price still managed to inc.... More »
Former Rouge Valley hospital clerk fined $36K for selling patient information + MORE Nov 24th
TORONTO – Former hospital clerk Shaida Bandali has been sentenced to two years’ probation, 300 hours of community service and $45,000 in penalties for handing over the personal information of new mothers to investment dealers peddling education savings plans.
Bandali pleaded guilty in Au.... More »
Can you decline or step down as power of attorney in Canada? + MORE Mar 10th
Ask MoneySense
We would like to appoint another power of attorney for my uncle. It is too stressful for me to continue to act due to circumstances. How much does it cost if I was to seek someone out from a bank? This is for property and financial matters only.
—Kate
Power of attorney.... More »
Analysts extend profit slump another quarter as S&P 500 meanders + MORE Aug 8th
The situation is preferable to an earnings contraction, but investors are left wanting more, an analyst said
.... More »
Most doctors took financial hit in 1st year of COVID, but top earners did just fine - CBC News Sep 1st
Most doctors took financial hit in 1st year of COVID, but top earners did just fine CBC NewsMore Money Being Offered to Doctors to Set Up Shop in NL VOCMSome of Canada's top-billing doctors received Canada Emergency Wage Subsidy CBC NewsSome of Canada's highest-paid .... More »
Glencore to sell shares, scrap dividend as commodity price slump persists
– theglobeandmail.com
The mining and trading company came under pressure to cut its net debt of $30-billion, one of the largest in the industry, as prices for its key products, copper and coal, sank to more than six-year lows
China’s foreign reserves fall by $93.9 billion after spending to support yuan exchange rate
– canadianbusiness.com
BEIJING, China – China’s foreign exchange reserves fell by a record $93.9 billion in August as the central bank spent heavily to support its currency’s exchange rate following a surprise devaluation.
Reserves declined to $3.557 trillion as of the end of August, according to the People’s Bank of China. They remain by far the world’s largest despite August’s fall.
Currency traders bet the yuan would fall further after the Aug. 11 devaluation that rattled global financial markets, putting downward pressure on the exchange rate and prompting the central bank to buy the currency to support its value.
The central bank said the devaluation was part of efforts to make the yuan’s state-set exchange rate more market-oriented. But the change, coming at a time of weakening Chinese economic growth, prompted suggestions it was trying to give struggling exporters a price advantage.
Analysts said the devaluation was too small to make a difference in trade but it fueled concerns of a possible “currency war” if other governments responded by weakening their own exchange rates…
Reserves declined to $3.557 trillion as of the end of August, according to the People’s Bank of China. They remain by far the world’s largest despite August’s fall.
Currency traders bet the yuan would fall further after the Aug. 11 devaluation that rattled global financial markets, putting downward pressure on the exchange rate and prompting the central bank to buy the currency to support its value.
The central bank said the devaluation was part of efforts to make the yuan’s state-set exchange rate more market-oriented. But the change, coming at a time of weakening Chinese economic growth, prompted suggestions it was trying to give struggling exporters a price advantage.
Analysts said the devaluation was too small to make a difference in trade but it fueled concerns of a possible “currency war” if other governments responded by weakening their own exchange rates…
Financial ExpressAsian stocks lackluster after weak China, Japan dataWashington PostTOKYO — Asian stock markets were lackluster Tuesday after weak Chinese trade and Japanese growth figures showed headwinds for the global economy. KEEPING SCORE: Japan's Nikkei 225 stock index fell 0.9 percent to 17,699.52 and the Shanghai …Asian stocks brace for China trade data, dollar upReuters CanadaChina stocks slip in volatile trade despite fresh steps to calm investorsReutersBeijing calls stock bubble over, markets disagreeCNNBloomberg -Wall Street Journal -Boston Heraldall 461 news articles »
CPPIB, PSP buy stake in Tesco's South Korean operations in $6.1-billion deal
– theglobeandmail.com
The Canadian Pension Plan Investment Board, along with the Public Sector Pension Investment Board, is part of a consortium that purchased the South Korean supermarket chain Homeplus from British retailer Tesco for around $6-billion
Chris Young/CPTORONTO — Long-term expats determined to cast a ballot for the Oct. 19 election have found a way to do so — against the wishes of the Conservative government and despite a court ruling upholding their disenfranchisement.
However, the method costs money, travel, and time, prompting some to argue the rules have effectively made their right to vote subject to financial ability.
“Voting should not be something you must purchase,” said Natalie Chabot Roy, 38, who was raised in northern Ontario but lives in Bonney Lake, Wash.
Earlier this year, the government successfully appealed a court ruling that would have allowed Canadians abroad for more than five years to keep on voting by way of a mailed “”special ballot.”
Nevertheless, at least one enterprising expat has already cast his ballot for the Oct. 19 election under another section of the Canada Elections Act that amounts to a barely accessible backdoor around the ban, and others are considering following suit…
