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
Hudson's Bay Co. reported to be in bid for Macy's - CBC.ca + MORE Feb 3rd
CBC.caHudson's Bay Co. reported to be in bid for Macy'sCBC.caShares of Hudson's Bay Co. and department store chain Macy's surged on Friday following reports that the venerable Canadian retailer has made a takeover approach to the U.S. company. Hudson's Bay shares rose as hig.... More »
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns - CBC May 15th
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns CBC.... More »
Drowning in debt is the new normal in Canada + MORE Apr 24th
The Canadian Press/Ryan Remiorz
On any given day now you can expect to hear at least one economist, public official or financial commentator express grave concern about the mountain of debt Canadians now carry. The bloated debt loads of Canadian households has become a pervasive topic in media. B.... More »
Oil prices drop sharply after Trump moves to reassure markets over Iran war - The Guardian + MORE Mar 10th
Oil prices drop sharply after Trump moves to reassure markets over Iran war The GuardianIran war live: Trump says conflict will be over soon; Gulf attacks continue Al JazeeraMarkets Monday: North American stock indexes swing positive, oil prices fall, after Trump suggests war n.... More »
Scotiabank credit cards: A breakdown of the bank’s best cards + MORE Nov 25th
Scotiabank (originally called the Bank of Nova Scotia) is technically older than Canada itself. Founded in Halifax in 1832, the bank beat Confederation by 35 years. With that amount of history in the business, it’s no surprise the bank can offer and support a wide variety of products—including 1.... More »
Time Warner 3Q results top Street; raises outlook
– canadianbusiness.com
NEW YORK, N.Y. – Time Warner’s third-quarter performance beat analysts’ estimates, thanks partly to revenue growth spurred by the success of films such as “Suicide Squad” and “Sully.”
The media company — which is in the midst of a proposed $85 billion tie-up with AT&T — also boosted its full-year adjusted profit forecast again.
Shares climbed almost 2 per cent before the market open on Wednesday.
For the three months ended Sept. 30, Time Warner earned $1.47 billion, or $1.86 per share. That compares with $1.04 billion, or $1.26 per share, a year earlier.
Stripping out certain items, earnings were $1.83 per share.
Analysts surveyed by Zacks Investment Research were looking for earnings of $1.36 per share.
Revenue increased to $7.17 billion from $6.56 billion. That beat the $7 billion that analysts predicted, according to a Zacks poll.
Revenue at Warner Bros. rose 7 per cent as higher movie theatre revenue offset lower videogame revenue. Aside from strong showings by “Suicide Squad” and “Sully,” revenue improved thanks to the releases of “The Legend of Tarzan” and “Lights Out…
The media company — which is in the midst of a proposed $85 billion tie-up with AT&T — also boosted its full-year adjusted profit forecast again.
Shares climbed almost 2 per cent before the market open on Wednesday.
For the three months ended Sept. 30, Time Warner earned $1.47 billion, or $1.86 per share. That compares with $1.04 billion, or $1.26 per share, a year earlier.
Stripping out certain items, earnings were $1.83 per share.
Analysts surveyed by Zacks Investment Research were looking for earnings of $1.36 per share.
Revenue increased to $7.17 billion from $6.56 billion. That beat the $7 billion that analysts predicted, according to a Zacks poll.
Revenue at Warner Bros. rose 7 per cent as higher movie theatre revenue offset lower videogame revenue. Aside from strong showings by “Suicide Squad” and “Sully,” revenue improved thanks to the releases of “The Legend of Tarzan” and “Lights Out…
Anthem misses 3Q Street profit forecast, medical costs rise
– canadianbusiness.com
INDIANAPOLIS – Anthem’s third-quarter earnings slid nearly 6 per cent and missed Wall Street expectations, as rising medical costs countered revenue growth and some cost cutting for the nation’s second-largest health insurer.
The Blue Cross-Blue Shield insurer also updated on Wednesday a 2016 forecast that falls short of analyst forecasts.
Anthem said its largest expense, medical claims paid, climbed more than 9 per cent in the quarter to $16.92 billion. Operating revenue, which excludes investment gains, rose 7 per cent to $21.12 billion
Overall, the insurer earned $617.8 million in the quarter, down from $654.8 million last year. Earnings, adjusted for one-time gains and costs, totalled $2.45 per share in this year’s quarter.
Analysts expected, on average, earnings of $2.49 per share on $20.74 billion in revenue, according to Zacks Investment Research.
The Indianapolis-based insurer also said Wednesday it now expects 2016 adjusted earnings to total about $10.80 per share…
The Blue Cross-Blue Shield insurer also updated on Wednesday a 2016 forecast that falls short of analyst forecasts.
Anthem said its largest expense, medical claims paid, climbed more than 9 per cent in the quarter to $16.92 billion. Operating revenue, which excludes investment gains, rose 7 per cent to $21.12 billion
Overall, the insurer earned $617.8 million in the quarter, down from $654.8 million last year. Earnings, adjusted for one-time gains and costs, totalled $2.45 per share in this year’s quarter.
Analysts expected, on average, earnings of $2.49 per share on $20.74 billion in revenue, according to Zacks Investment Research.
The Indianapolis-based insurer also said Wednesday it now expects 2016 adjusted earnings to total about $10.80 per share…
Economic advisers prod German government for more reforms
– canadianbusiness.com
BERLIN – The German government’s panel of economic advisers pushed Wednesday for more reforms in Europe’s biggest economy, including a higher retirement age, and said Britain shouldn’t be given substantial concessions on immigration as it negotiates its exit from the European Union.
In an annual report, the independent German Council of Economic Experts predicted that the German economy will grow by 1.9 per cent this year and 1.3 per cent in 2017 — a slightly slower rate for next year than officials have forecast. However, it said the slowdown is primarily due to calendar effects and “growth momentum will remain essentially unchanged.”
The 19 eurozone countries “should now use the tailwinds of the economic upturn to carry out structural reforms,” panel chairman Christoph Schmidt said. “Even the German government did not sufficiently use the positive economic growth of the past few years for market-oriented reforms.”
The group argued that Germany’s financial leeway should be used to reduce debt and conduct tax reforms rather than increase spending…
In an annual report, the independent German Council of Economic Experts predicted that the German economy will grow by 1.9 per cent this year and 1.3 per cent in 2017 — a slightly slower rate for next year than officials have forecast. However, it said the slowdown is primarily due to calendar effects and “growth momentum will remain essentially unchanged.”
The 19 eurozone countries “should now use the tailwinds of the economic upturn to carry out structural reforms,” panel chairman Christoph Schmidt said. “Even the German government did not sufficiently use the positive economic growth of the past few years for market-oriented reforms.”
The group argued that Germany’s financial leeway should be used to reduce debt and conduct tax reforms rather than increase spending…
Maple Leaf Foods profit jumps 70.4 per cent
– theglobeandmail.com
Meat processing company says earnings rose to $31.8-million or 23 cents a share in the most recent quarter
Then and Now – Bank of Nova Scotia
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
This post is a continuation of my series Then and Now where I revisit some older blogposts and either rip them to shreds (because my thinking has changed) or I’ll confirm my position on some personal finance topics or specific investments.
You can check out my previous posts in this series here:
H&R REIT
TransAlta
Enbridge
This post is an update on Bank of Nova Scotia.
Then
This post is a continuation of my series Then and Now where I revisit some older blogposts and either rip them to shreds (because my thinking has changed) or I’ll confirm my position on some personal finance topics or specific investments.
You can check out my previous posts in this series here:
H&R REIT
TransAlta
Enbridge
This post is an update on Bank of Nova Scotia.
Then
I started writing about Bank of Nova Scotia (BNS) on this site in more detail back in 2011. As part of our 2011 financial goals, I wrote the following:
“Bank of Nova Scotia (BNS) is one stock I cannot run my synthetic DRIP with yet. This is because I don’t own enough BNS shares for the dividends paid each quarter to buy one full share. So, I’ve started my full DRIP with their transfer agent (Computershare) to help me get there. Last year I managed to contribute at least $50 per month into BNS stock, no commission fees, based on the cost of an envelope, a stamp and my personal sacrifice of walking to the mailbox up the road…
