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
Do you really need $1.7 million to retire? We surveyed financial experts — and they all agreed you don’t Mar 6th
A recent BMO survey found Canadians expect they’ll need to save $1.7 million to retire comfortably. Such reports stoke unnecessary fear, financial experts say..... More »
As Xi Jinping consolidates power in CPC, China's parliament prepares to ward off financial risks - Firstpost + MORE Mar 2nd
FirstpostAs Xi Jinping consolidates power in CPC, China's parliament prepares to ward off financial risksFirstpostBeijing: China's annual parliament gathering kicks off on Monday as an ever-stronger President Xi Jinping presses ahead with efforts to ward off financial risks without undermi.... More »
The power of a last will and testament: How your final wishes can make an impact + MORE Aug 28th
We know that more than half of Canadian adults do not have a will. There are a variety of reasons for this, but one of the notions most commonly expressed by holdouts is that “it’s obvious who will be getting my estate.”
In most cases, this couldn’t be further from the truth. In fact, if you.... More »
Are stock markets loaded for bear? + MORE Feb 8th
As 2018 progresses, business leaders and market participants should – and undoubtedly will – bear in mind that we are moving ever closer to the date when payment for today’s recovery will fall due
.... More »
Most actively traded companies on the TSX + MORE Dec 1st
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,636.06, up 166.23 points):
ProMetic Life Sciences Inc. (TSX:PLI). Biotechnology. Down 40 cents, or 11.30 per cent, to $3.14 on 11.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financial.... More »
Commercial bank BB&T plans $1.8B acquisition of National Penn as part of mid-Atlantic growth
– canadianbusiness.com
WINSTON-SALEM, N.C. – The commercial bank BB&T will renew its push into mid-Atlantic states with a roughly $1.8 billion acquisition of National Penn, which runs branches in Pennsylvania, New Jersey and Maryland.
BB&T said it will pay either $13 in cash or a portion of its stock for each National Penn share. That represents a 19 per cent premium to the $10.92 closing price of National Penn shares on Monday.
Winston-Salem, North Carolina-based BB&T announced the acquisition late Monday, a couple of weeks after it closed its purchase of Susquehanna Bancshares Inc., a deal valued at about $2.5 billion.
Shares of BB&T Corp. fell 26 cents to $39.93 Tuesday morning while broader indexes also slipped. Meanwhile, shares of Allentown, Pennsylvania-based National Penn Bancshares Inc. jumped more than 16 per cent, or $1.82, to $12.74.
The post Commercial bank BB&T plans $1.8B acquisition of National Penn as part of mid-Atlantic growth appeared first on Canadian Business – Your Source For Business News.
BB&T said it will pay either $13 in cash or a portion of its stock for each National Penn share. That represents a 19 per cent premium to the $10.92 closing price of National Penn shares on Monday.
Winston-Salem, North Carolina-based BB&T announced the acquisition late Monday, a couple of weeks after it closed its purchase of Susquehanna Bancshares Inc., a deal valued at about $2.5 billion.
Shares of BB&T Corp. fell 26 cents to $39.93 Tuesday morning while broader indexes also slipped. Meanwhile, shares of Allentown, Pennsylvania-based National Penn Bancshares Inc. jumped more than 16 per cent, or $1.82, to $12.74.
The post Commercial bank BB&T plans $1.8B acquisition of National Penn as part of mid-Atlantic growth appeared first on Canadian Business – Your Source For Business News.
Toronto stock market trims early loss, loonie reverses trend to gain ground
– canadianbusiness.com
TORONTO – The Toronto Stock Exchange was down Tuesday morning amid concern about the strength of China’s economy.
The S&P/TSX composite index was down 34.96 points at 14,216.55, an improvement from a triple-digit drop earlier in the morning that followed a major decline in China’s Shanghai stock market.
The Dow Jones industrial average up 3.54 points at 17,548.72, the Nasdaq index fell 9.64 points to 5,082.06, and the S&P 500 declined 1.33 points to 2,101.11 — all up from their early lows.
Earlier, the Shanghai market in China dropped more than six per cent and Hong Kong’s Hang Seng fell 1.43 per cent on Tuesday, raising concerns about the strength of the world’s second-largest economy.
Canada’s dollar traded at 76.49 cents US, up 0.07 of a U.S. cent from Monday’s close. The loonie had also been down earlier.
On the commodity markets, the December gold contract fell $4.10 to US$1,114.30 an ounce, the September crude contract was up 24 cents at US$42…
The S&P/TSX composite index was down 34.96 points at 14,216.55, an improvement from a triple-digit drop earlier in the morning that followed a major decline in China’s Shanghai stock market.
The Dow Jones industrial average up 3.54 points at 17,548.72, the Nasdaq index fell 9.64 points to 5,082.06, and the S&P 500 declined 1.33 points to 2,101.11 — all up from their early lows.
Earlier, the Shanghai market in China dropped more than six per cent and Hong Kong’s Hang Seng fell 1.43 per cent on Tuesday, raising concerns about the strength of the world’s second-largest economy.
Canada’s dollar traded at 76.49 cents US, up 0.07 of a U.S. cent from Monday’s close. The loonie had also been down earlier.
On the commodity markets, the December gold contract fell $4.10 to US$1,114.30 an ounce, the September crude contract was up 24 cents at US$42…
The Globe and MailCanada Stocks Fall to a 3-Week Low as Commodities Extend SlideBloombergThe deepening rout in commodities from copper to silver sent Canadian stocks tumbling to a three-week low. The miners and energy producers that make up about one-third of Canada's benchmark stock index led losses as metals prices plunged to levels last …TSX opens lower as gold miners among biggest dragsReuters CanadaLoonie steady, US index futures down ahead of North American openCTV NewsLoonie slides toward 76 cents US as markets falterPress ExamineriFreePress.com (blog) -Nasdaqall 87 news articles »
The Canada Pension Plan Investment Board is venturing into the Malaysian real estate business for the first time.
Home Depot hikes sales, profit outlook as U.S. housing recovery takes hold
– theglobeandmail.com
Home repair retailer says second-quarter earnings came in at $1.73 (U.S.) a share, exceeding analysts’ expectations
