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
Canadians fear a tougher road to retirement—and plan to help their kids along the way Feb 10th
Canadians are going into this year’s RRSP season in a somewhat pessimistic mood. Two-thirds say it will be more difficult for them to save and invest for their retirement than it was for their parents, according to BMO’s latest Retirement Survey.
Canadians expect a tougher retirement than the.... More »
What is CDIC insurance, how it works and what’s covered Oct 28th
Toilet paper isn’t the only thing Canadians were hoarding early in the pandemic. Headlines were buzzing that the Bank of Canada was running short of $50 bills too. Whether you were stuffing cash in your mattress or in the bottom of your sock drawer, the truth is your savings are safer at a financi.... More »
Saudi Aramco prospectus flags risks, gives few details on IPO size - Reuters Nov 10th
Saudi Aramco prospectus flags risks, gives few details on IPO size ReutersSaudi Aramco targets sale of 0.5% of state oil giant to retail investors, sources say CBC.caAramco IPO expected to lean on Saudi investors and China Al Jazeera EnglishWhat Is Aramco Worth? .... More »
Do you pay capital gains tax when separating or divorcing? Jan 24th
I just read your article on paying capital gains on a property inherited from a spouse when there was no official separation agreement in place. Interesting, and I have a related question. If spouses separate with an official separation agreement but keep the matrimonial home and mortgage in both na.... More »
June 2016 Dividend Income Update + MORE Jul 10th
Learn, save, invest and prosper with My Own Advisor.
Over the last few years on my site I’ve posted monthly dividend income updates like these. Every now and then from these articles I receive a few questions from readers regarding my DIY approach to saving and investing – using primarily div.... More »
Deutsche Bank to restructure units, change management structure in bid to streamline business
– canadianbusiness.com
BERLIN – Germany’s biggest bank, Deutsche Bank AG, said Sunday that it is restructuring its divisions and making changes to its management structure in an effort to streamline its business.
The bank’s corporate banking and securities division will be split in two, and its asset and wealth management division also will be divided into separate units.
The company’s management structure also will be overhauled. It will scrap its group executive committee, a body that includes the bank’s top executives as well as regional and other representatives, and slightly expand its management board. In addition, it will abolish 10 of the current 16 management board committees, and several top managers will shift positions or leave.
Deutsche Bank said the aim is “to reduce complexity of the bank’s management structure, enabling it to better meet client demands and requirements of supervisory authorities.”
The decision at a supervisory board meeting is the latest shake-up following the arrival of new co-chief executive John Cryan, who took over July 1 after co-CEOs Anshu Jain and Juergen Fitschen announced they were leaving…
The bank’s corporate banking and securities division will be split in two, and its asset and wealth management division also will be divided into separate units.
The company’s management structure also will be overhauled. It will scrap its group executive committee, a body that includes the bank’s top executives as well as regional and other representatives, and slightly expand its management board. In addition, it will abolish 10 of the current 16 management board committees, and several top managers will shift positions or leave.
Deutsche Bank said the aim is “to reduce complexity of the bank’s management structure, enabling it to better meet client demands and requirements of supervisory authorities.”
The decision at a supervisory board meeting is the latest shake-up following the arrival of new co-chief executive John Cryan, who took over July 1 after co-CEOs Anshu Jain and Juergen Fitschen announced they were leaving…
Egypt’s central bank weakens the pound at an auction, second devaluation this week
– canadianbusiness.com
CAIRO – Egypt’s central bank says it has weakened the value of the Egyptian pound against the dollar, its second devaluation this week.
The bank said in a statement that it weakened the pound at an auction on Sunday, dropping the value from 7.83 to 7.93 pounds per dollar.
The central bank has also allowed commercial banks a wider margin for selling and buying dollars since January, at 0.10 pounds above or below the official rate.
The central bank effectively controls the value of the domestic currency in regular foreign currency auctions.
The new rate could help boost much-needed foreign investment. Investors and economists see the currency as overvalued. Meanwhile, Egypt’s foreign currency reserves continue to drop. The bank reported that reserves fell 9.7 per cent in September to $16.3 billion.
The post Egypt’s central bank weakens the pound at an auction, second devaluation this week appeared first on Canadian Business – Your Source For Business News.
The bank said in a statement that it weakened the pound at an auction on Sunday, dropping the value from 7.83 to 7.93 pounds per dollar.
The central bank has also allowed commercial banks a wider margin for selling and buying dollars since January, at 0.10 pounds above or below the official rate.
The central bank effectively controls the value of the domestic currency in regular foreign currency auctions.
The new rate could help boost much-needed foreign investment. Investors and economists see the currency as overvalued. Meanwhile, Egypt’s foreign currency reserves continue to drop. The bank reported that reserves fell 9.7 per cent in September to $16.3 billion.
The post Egypt’s central bank weakens the pound at an auction, second devaluation this week appeared first on Canadian Business – Your Source For Business News.
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Five things to watch in Canadian business this week:
Corporate Canada bites nails: The country’s business community will be on the edge of its seat Monday as Canadians go to the polls in Canada’s 42nd general election. Will it be a return to power for the business friendly Conservatives? Will the electorate opt to give the Liberals or the New Democrats a try? At least a few executives in Canada’s hard-hit oilpatch are nervous about the outcome.
Earnings-o-rama: A slew of Canadian companies report third-quarter earnings this week, including pharmaceutical giant Valeant, Celestica and Canadian Pacific Railway on Tuesday. On Thursday, Rogers Communications and Shaw Communications report, as well as Corus, Husky Energy and Teck Resources. And on Friday, Thomson Reuters and Postmedia will have their Q3 results.
StatCan status report: The federal agency has a number of releases next week, including wholesale trade figures on Tuesday, retail sales on Thursday and the critical consumer price index on Friday that reveals the country’s inflation rate…
Corporate Canada bites nails: The country’s business community will be on the edge of its seat Monday as Canadians go to the polls in Canada’s 42nd general election. Will it be a return to power for the business friendly Conservatives? Will the electorate opt to give the Liberals or the New Democrats a try? At least a few executives in Canada’s hard-hit oilpatch are nervous about the outcome.
Earnings-o-rama: A slew of Canadian companies report third-quarter earnings this week, including pharmaceutical giant Valeant, Celestica and Canadian Pacific Railway on Tuesday. On Thursday, Rogers Communications and Shaw Communications report, as well as Corus, Husky Energy and Teck Resources. And on Friday, Thomson Reuters and Postmedia will have their Q3 results.
StatCan status report: The federal agency has a number of releases next week, including wholesale trade figures on Tuesday, retail sales on Thursday and the critical consumer price index on Friday that reveals the country’s inflation rate…
2015 Financial Predictions – October Update
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
As you might already know from earlier this year, just for kicks, I made some financial predictions by looking into my cloudy crystal ball. Here is a recap of what I think might happen in 2015 and where I’m at with some of my predictions.
As you might already know from earlier this year, just for kicks, I made some financial predictions by looking into my cloudy crystal ball. Here is a recap of what I think might happen in 2015 and where I’m at with some of my predictions.
The Dow Jones Industrial Average will finish the year at 19,400.
It opened 2015 at 17,823.07. At the time of this post it is 17,215.97.
The S&P/TSX Composite will finish the year at 15,700.
It opened 2015 at 14,635.07. At the time of this post it is 13,838.10.
Our Canadian Dollar will finish the year at $0.85 compared to the US Dollar, relatively flat for the year.
It opened 2015 at $0.848. At the time of this post it is $0.77. I’m not even close…
The following Canadian companies will increase their dividend at least once in 2015:
TransCanada Pipelines (TRP)
In February, TRP increased their dividend by 8%.
Telus (T)
In May, T increased their dividend by over 10%…
