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
Statistics Canada says pace of Canadian economic growth slowed in third quarter Nov 30th
The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday..... More »
Hanjin cargo ship stranded off California finally unloads Sep 11th
LONG BEACH, Calif. – A Hanjin container ship that was stranded off the California coast for more than a week began unloading Saturday after a judge protected the global shipping giant from having its assets seized in the U.S. as it struggles to avoid bankruptcy.
The 1,145-foot-long Hanjin Gree.... More »
Calculating capital gains on U.S. stocks + MORE Dec 9th
Q: I hold stocks in two non-registered accounts. One is holding Canadian equities and the other is holding U.S. stocks. When I sell a U.S. stock, the cash remains in the U.S. account.
Since the exchange rate has increased during the time the U.S. account was first set up, how do I calculate capi.... More »
Greece bailout: Merkel ally urges rethink for MPs who voted against Greek talks - The Australian Financial Review + MORE Jul 18th
The Australian Financial ReviewGreece bailout: Merkel ally urges rethink for MPs who voted against Greek talksThe Australian Financial ReviewThe parliamentary leader of Angela Merkel's conservatives rejected criticism of Wolfgang Schaeuble's suggestion that Greece might be better off takin.... More »
Ontario’s balanced budget is laudable, but where’s the plan to tackle debt? + MORE Apr 27th
The province needs something like Quebec’s debt-fighting fund to rein in its longer-term financial threat
.... More »
News guide: A brief overview of Greece’s financial problems and how it got here
– canadianbusiness.com
ATHENS, Greece – Greece is holding an emergency meeting with its financial rescue creditors in the hope of getting more loans. Without a deal, it could default on its debts as soon as next week, which could be the first step in a chain reaction that sees the country fall out of the euro currency union.
Here is a broad look at the key issues in the crisis.
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CURRENT ISSUE
The Greek government must make a 1.6 billion euro ($1.8 billion) loan payment to the International Monetary Fund this month. It doesn’t have the money. It is negotiating with other eurozone countries and the IMF to get 7.2 billion euros in loans — the last installment in a bailout package expiring this month. Without that money, Greece will likely default on the IMF loan. Even bigger payments come due later this summer. Its creditors are demanding that Greece make reforms and cuts, including to public pensions, before releasing the money.
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NO BOND MARKET
Greece needs loans because it cannot borrow on bond markets at affordable rates, as other countries do to finance their spending…
Here is a broad look at the key issues in the crisis.
___
CURRENT ISSUE
The Greek government must make a 1.6 billion euro ($1.8 billion) loan payment to the International Monetary Fund this month. It doesn’t have the money. It is negotiating with other eurozone countries and the IMF to get 7.2 billion euros in loans — the last installment in a bailout package expiring this month. Without that money, Greece will likely default on the IMF loan. Even bigger payments come due later this summer. Its creditors are demanding that Greece make reforms and cuts, including to public pensions, before releasing the money.
___
NO BOND MARKET
Greece needs loans because it cannot borrow on bond markets at affordable rates, as other countries do to finance their spending…
Key Canada Events: Week of June 22-26
– blogs.wsj.com
At the top of our key events list this week is the latest earnings report from BlackBerry Ltd.
Housing affordability continued to decline in Toronto and Vancouver, while conditions for homebuyers improved in Alberta during the first quarter of the year as lower oil prices caused the real estate market to soften.
NDTVUS pledges high-end equipment for NATO rapid response forceReuters CanadaMUENSTER, Germany (Reuters) – The United States said on Monday it would contribute special operations forces, intelligence and other high-end military assets to a new NATO rapid response force that aims in part to deter any future actions by Russia.Carter: US to give weapons, aircraft, troops to NATO unit to defend against …Washington PostUS won't let Russia 'drag us back to the past': Pentagon chiefTimes of IndiaEU extends sanctions against Russia, cites 'destabilizing role in eastern Ukraine'CTV NewsBusinessDay -The Globe and Mail -Reutersall 743 news articles »
Four stories in Canada we’re watching
– macleans.ca
Julie Gordon/Reuters
RBC on housing costs
A report by RBC Economics says housing affordability continued to decline in Toronto and Vancouver, while conditions for homebuyers improved in Alberta during the first quarter as lower oil prices caused the real estate market to soften. RBC says mortgage rate cuts improved the affordability of homes in many Canadian markets. And that offset rapid price growth in Toronto and Vancouver, leaving national affordability levels relatively flat.
A new study on biphasic anaphylaxis
A new study led by researchers from the Children’s Hospital of Eastern Ontario suggests about 15 per cent of children who have a severe allergic reaction that involves anaphylaxis can actually have a second reaction hours after the first. The researchers warn that doctors and parents should be on the lookout for this type of two-stage or biphasic anaphylactic reaction. The study is the largest ever to look at biphasic anaphylaxis.
Ed Sheeran rules the MMVAs
Quite a night for Ed Sheeran at the Much Music Video Awards as he hosted the show, ad-libbing raunchy one-liners, verbally sparring with presenters, performing songs and also hauling in two awards for himself…
