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
Who pays tax on cash gifts in Canada? Mar 19th
Ask MoneySense
Is there a tax on cash gifts to children in Ontario?
—Virginia
Tax on gifts and loans to children in Canada
When you give cash to a child, Virginia, there are generally no tax implications for the recipient. They do not have to worry about paying tax on it, no matter where.... More »
Alberta Pension Plan: Why Alberta wants to leave the CPP—and what would replace it + MORE Oct 4th
In late September, Alberta Premier Danielle Smith opened a public online consultation on a proposal to withdraw the province from the Canada Pension Plan (CPP). Her announcement was tied to the release of a third-party report that claims, among other things, that Alberta is entitled to 53%, or $.... More »
What is crypto staking? + MORE Feb 8th
Cryptocurrencies had a banner year in 2021. Wild price swings, institutional adoption, spectacular gains, rapid tech innovation, celebrity backing, social media dominance and the emergence of low-stakes, high-gains memecoins have accorded crypto investing a cult-like status.
However, among all th.... More »
This Week’s Top Stories: Canadian Real Estate Sellers Surge, and Bad News For Mortgage Rates - Better Dwelling Apr 14th
This Week’s Top Stories: Canadian Real Estate Sellers Surge, and Bad News For Mortgage Rates Better DwellingBank of Canada's interest-rate hold, RBC's terminated CFO and Liberals' pre-budget housing plans: Must-read business and investing stories The Globe and Mail'Could get .... More »
Stock market news for investors: Rogers hopes sports deals will boost share price, National Bank buys PGM Global Holdings Apr 24th
Here’s a round-up of news for Canadian investors this week.
Rogers
National Bank of Canada
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 2.00% interes.... More »
Emera to buy Florida utility Teco Energy for $6.5-billion
– theglobeandmail.com
Under the terms of the all-cash agreement, Teco Energy shareholders will receive $27.55 per common share, a 48-per-cent premium based on Teco’s July 15 closing stock price
Flash-crash circuit breakers may have to be tweaked for ETF era
– theglobeandmail.com
Unintended consequences being studied as safeguards put in place after 2010 may not have anticipated the speedy evolution of investment vehicles
Business Highlights
– canadianbusiness.com
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US jobless rate falls to 7-year low; Fed move still unclear
WASHINGTON (AP) — U.S. unemployment fell to a seven-year low of 5.1 per cent last month, but hiring slowed — a mixed bag of news that offers few clues to whether the Federal Reserve will raise rock-bottom interest rates later this month.
The Labor Department report, issued Friday, was closely watched because it will be the last snapshot of the job market before the Fed meets in two weeks. And overall, it painted a picture of an economy growing at a modest but steady pace seven years after the Great Recession.
But it wasn’t the unambiguous signal many on Wall Street were hoping for.
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China’s stock rescue jolts companies, reform plans
BEIJING (AP) — Tonhe Electronics is a casualty of Beijing’s frantic effort to stop a stock market bust.
The maker of electrical equipment, part of a technology industry the ruling Communist Party wants to promote, hoped to raise 200 million yuan ($32 million) from an initial public offering of stock to build a research and development centre…
US jobless rate falls to 7-year low; Fed move still unclear
WASHINGTON (AP) — U.S. unemployment fell to a seven-year low of 5.1 per cent last month, but hiring slowed — a mixed bag of news that offers few clues to whether the Federal Reserve will raise rock-bottom interest rates later this month.
The Labor Department report, issued Friday, was closely watched because it will be the last snapshot of the job market before the Fed meets in two weeks. And overall, it painted a picture of an economy growing at a modest but steady pace seven years after the Great Recession.
But it wasn’t the unambiguous signal many on Wall Street were hoping for.
___
China’s stock rescue jolts companies, reform plans
BEIJING (AP) — Tonhe Electronics is a casualty of Beijing’s frantic effort to stop a stock market bust.
The maker of electrical equipment, part of a technology industry the ruling Communist Party wants to promote, hoped to raise 200 million yuan ($32 million) from an initial public offering of stock to build a research and development centre…
Reuters UKG20 promises transparency on rate moves as global economy disappointsReuters UKANKARA World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected U.S. rate rise a risk to growth, a draft communique showed on Friday. Many emerging …US Treasury Secretary Lew Presses China on Yuan PolicyWall Street JournalCommunique will not urge Fed against rate hikes – G20 delegate | ReutersFirstpostG-20 Dodges Devaluation Dispute as China Preaches Yuan StabilityBloombergEconomic Times -The Daily Starall 378 news articles »
TSX falls as jobs data fails to lift fog on rates – Reuters Canada
– news.google.ca
Financial PostTSX falls as jobs data fails to lift fog on ratesReuters CanadaTORONTO (Reuters) – Canada's main stock index fell broadly on Friday as mixed employment data provided little clarity for investors ahead of central bank monetary policy meetings on both sides of the border. The Toronto Stock Exchange's S&P/TSX …The close: TSX falls amid US rate uncertaintyThe Globe and MailCANADA STOCKS-TSX falls as jobs data fails to lift fog on ratesReutersRoundup: Canadian stock market tumbles over weak job dataGlobalPostMarketWatch -Investing.comall 74 news articles »
