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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For Canadians living abroad, is it worth investing in foreign ETFs? Mar 28th
Ask MoneySense
I’m a Canadian citizen who moved from Europe 2 years ago. I have some savings in EUR and I’m considering investing in VWCE (around 50,000 EUR).
I’m assuming this will complicate my tax returns in Canada. Are the extra complications worth it? What would you recommend in this c.... More »
A guide to getting value from your advisor, and shifting to lower-cost investments May 19th
A MoneySense reader writes:
I have investments with a financial planner and my fees are 2% or more per year, for a total of close to $6,000 per year in fees. I’ve been looking at moving my investments to a robo-advisor, but I’m concerned about the capital gains and subsequent taxes from moving m.... More »
Kirstine Stewart to leave Twitter + MORE Jul 21st
The Twitter logo appears on a phone post on the floor of the New York Stock Exchange, Tuesday, Oct. 13, 2015. Twitter is laying off up to 336 employees, signaling CEO Jack Dorsey’s resolve to slash costs while the company struggles to make money. (AP Photo/Richard Drew)
TORONTO — TwitterR.... More »
Canada's job recovery will reflect growing divergence between resource and ... - CBC.ca + MORE Jan 8th
CBC.caCanada's job recovery will reflect growing divergence between resource and ...CBC.ca"The chart between oil and the Canadian dollar looks like a pair of train tracks," said Bank of Canada governor Stephen Poloz in Ottawa Thursday. As Poloz was speaking, fears of a meltdown in Chi.... More »
Making sense of the markets this week: July 12 Jul 12th
This is the first installment of a new column. Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
With age comes…less financial stress?
FP Canada, a national organization that seeks to hold financial planners accountable to .... More »
Japanese conglomerate Nikkei is buying venerable financial newspaper Financial Times for 160 billion yen, or about $1.7 billion.
Puerto Rico power company rejects bondholder group’s proposal for $8.1 billion debt exchange
– canadianbusiness.com
SAN JUAN, Puerto Rico – Puerto Rico’s power company on Thursday rejected a new proposal from bondholders that calls for an $8.1 billion debt exchange amid growing concerns the public agency could be the first one in the U.S. territory to go bankrupt.
The Electric Power Authority said the proposal would not lead to a successful restructuring and does not share the burden of its more than $9 billion debt.
“It imposes disproportionate risks on ratepayers and other creditors,” the company said in a statement. “In addition to being unachievable, it is not supported by other creditor constituencies such as the bond insurers or the revolving fuel line lenders.”
The negotiations between the power company and the bondholders group comes nearly two months after the agency submitted a long-awaited restructuring plan that calls for a minimum investment of $2.3 billion and a revision of rate structures, among other things. The full plan has not been publicly released…
The Electric Power Authority said the proposal would not lead to a successful restructuring and does not share the burden of its more than $9 billion debt.
“It imposes disproportionate risks on ratepayers and other creditors,” the company said in a statement. “In addition to being unachievable, it is not supported by other creditor constituencies such as the bond insurers or the revolving fuel line lenders.”
The negotiations between the power company and the bondholders group comes nearly two months after the agency submitted a long-awaited restructuring plan that calls for a minimum investment of $2.3 billion and a revision of rate structures, among other things. The full plan has not been publicly released…
The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.
Valeant’s rapid rise to most valuable stock signals treacherous times for index investors
– theglobeandmail.com
As pharmaceutical giant vaults past Royal Bank as front runner, other sectors of the S&P/TSX composite are wrestling with problems
Stronach’s Acasta boosts IPO to $350-million
– theglobeandmail.com
Star studded company on track to be biggest SPAC IPO this year
