All about Canadian investments. Learn the ins and outs and get the latest news.
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Best robo-advisors in Canada for 2024 Feb 8th
This being 2024, robo-advisors have now been part of Canada’s investment landscape for a decade. They’re not some newfangled fad. They’ve been tested by market cycles as well as competition from even simpler, lower-cost options like all-in-one exchange-traded funds (ETFs). Robos are still incr.... More »
Calendar: What investors need to know for the week ahead Dec 23rd
A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead
.... More »
Is real estate the best investment for a Canadian retiree? + MORE May 12th
Real estate investing has its merits. And certain markets have performed exceptionally well in Canada over the past generation. But sometimes, especially as you approach retirement, you should reconsider your real estate strategy.
Which has better returns? Real estate versus stocks
Some Canadi.... More »
This Toronto condo in the Entertainment District is going for $800K. Here’s why it’s a hard sell + MORE Mar 11th
A rare, larger condo in the city, this 800-square-foot unit listing is also steps away from the Financial and Entertainment Districts, nightlife and transit..... More »
TREB still cracking down on realtors posting home sales data despite court ruling Sep 12th
The Toronto Real Estate Board says it has written to members who posted Greater Toronto Area home sales data requesting to know where they got the numbers from..... More »
China’s central bank cuts interest rates for the 3rd time in 6 months to boost anemic economy
– canadianbusiness.com
BEIJING, China – China’s central bank said Sunday that it is cutting interest rates for the third time in six months to boost the country’s sluggish economy.
Citing “downward economic pressures,” the People’s Bank of China said it would cut the rate on a one-year loan by commercial banks by 0.25 percentage point to 5.10 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2.25 per cent.
Rates were also cut on Nov. 22 and then again on March 1. The new rates take effect Monday.
The cuts follow reports that trade in April shrank more than expected and that factory employment was weak.
Beijing has introduced a string of tax reductions and other measures aimed at propping up growth.
The latest cuts are expected to reduce financial costs for state companies and are a signal to state-owned banks to boost lending.
The world’s second-largest economy grew 7.4 per cent last year, the lowest growth in more than two decades. The economic slowdown is expected to persist…
Citing “downward economic pressures,” the People’s Bank of China said it would cut the rate on a one-year loan by commercial banks by 0.25 percentage point to 5.10 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2.25 per cent.
Rates were also cut on Nov. 22 and then again on March 1. The new rates take effect Monday.
The cuts follow reports that trade in April shrank more than expected and that factory employment was weak.
Beijing has introduced a string of tax reductions and other measures aimed at propping up growth.
The latest cuts are expected to reduce financial costs for state companies and are a signal to state-owned banks to boost lending.
The world’s second-largest economy grew 7.4 per cent last year, the lowest growth in more than two decades. The economic slowdown is expected to persist…
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Here are five things to look for in Canadian business this week:
AGMs in the oilpatch: Encana Corp., once a natural gas focused firm that’s been getting oilier over the past year or two, reports its first-quarter results and holds its annual meeting on Tuesday. It spent billions last year to acquire Texas oil assets just before crude prices started their steep descent. Western Canadian crude producer Penn West Petroleum Ltd. also holds its shareholder meeting Wednesday following a tumultuous few years — from a major management shakeup to an accounting scandal and the ongoing pain from low crude prices. Last month, Penn West posted a first-quarter net loss of $248 million.
Canadian Pacific Railway: The Calgary-based railway, with a vast North American network, holds its annual general meeting Thursday. Shareholders will likely be eager to hear what Hunter Harrison, the company’s straight-talking, Memphis-born CEO, has to say about safety measures for oil trains and the outlook for crude-by-rail in the downturn…
AGMs in the oilpatch: Encana Corp., once a natural gas focused firm that’s been getting oilier over the past year or two, reports its first-quarter results and holds its annual meeting on Tuesday. It spent billions last year to acquire Texas oil assets just before crude prices started their steep descent. Western Canadian crude producer Penn West Petroleum Ltd. also holds its shareholder meeting Wednesday following a tumultuous few years — from a major management shakeup to an accounting scandal and the ongoing pain from low crude prices. Last month, Penn West posted a first-quarter net loss of $248 million.
Canadian Pacific Railway: The Calgary-based railway, with a vast North American network, holds its annual general meeting Thursday. Shareholders will likely be eager to hear what Hunter Harrison, the company’s straight-talking, Memphis-born CEO, has to say about safety measures for oil trains and the outlook for crude-by-rail in the downturn…
Photo Illustration by Sarah MacKinnon and Richard ReddittSummer is coming and, with it, the return of such glorious Canadian traditions as the opening of the cottage and the closing of the ears to the words of our politicians. Before we tune out, let’s check in with where the parties stand, as the October election approaches.
Both the Liberals and NDP are trying to woo middle-class Canadians with lots of steamy talk about tax rates, income inequality and stock-option loopholes. Lately we’ve been witness to a Hollywood montage’s worth of grand gestures of economic seduction, including Liberal Leader Justin Trudeau’s pledge to raise taxes on big earners. It’s just like The Notebook, but with more PowerPoint charts.
The Conservatives, meanwhile, continue to lead in most polls. But there are hurdles that are destined to confront any party seeking a fourth term in office.
For one, the opposition is certain to portray the government as tired and out of touch. For another, after almost a decade, it gets tricky to explain why you haven’t already done all the things you’re promising to do if you win again…
