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
China's great fall, loonie's swan dive & some mushy math on taxes: BUSINESS WEEK WRAP + MORE Aug 28th
From fears that China's stock bubble is overinflated, to some new numbers meant to show how overtaxed Canadians are, it was a busy week in the business news. Good thing the CBC's Jacqueline Hansen is here to walk you through the week that was in her video recap..... More »
Massachusetts finalizes comprehensive fantasy sports rules Mar 26th
BOSTON – Massachusetts Attorney General Maura Healey issued rules Friday for daily fantasy sports operators that she called the most comprehensive in the nation, including a minimum age of 21 for participating in the online contests.
The final regulations are largely the same as the ones Heale.... More »
Why TransCanada investors haven't benefited from the Keystone approval + MORE Nov 22nd
Investors are seemingly oblivious to what appears to be good news for the stock, but this cautious response looks like an opportunity for anyone willing to make a long-term bet
.... More »
Is China’s economy slowing down? Jun 17th
Shanghai, China, 2010.
China has been an economic powerhouse for decades and a massive driver of growth and sources of investment around the world. However, as one of the world’s largest economies, it appears to be slowing as it matures.
There are a variety of signs and potential reasons. Trade te.... More »
Why REIT fears are overdone + MORE Oct 13th
Real estate investment trust category is as attractive as it’s been in recent years based on trailing price earnings ratios
.... More »
Buying property through tax sales
– moneysense.ca
(Getty Images / Image Source)Want to know real estate’s version of an urban legend? It’s the tax sale plot picked up for peanuts by a savvy buyer and sold weeks later for a tidy profit.
Paying next to nothing for a fabulous property sounds so enticing, but in reality it’s virtually impossible (this marketplace is now so competitive and filled with Internet savvy buyers). Still, tax sales continue to draw interest and attention because, let’s face it, who isn’t enticed by the tale of a waterfront property on sale for $60,000 in an area where cottages are selling for $250,000?
Despite promises of cheap land, it’s easy to lose your shirt in a tax sale property. Here’s a few tips for those considering a tax sale purchase.
What is a tax sale
“I’ve heard hero stories about people making huge profits buying and flipping tax sales properties,” says Michael Currie, owner of the Fort Nova Group, a real estate investment and education company based out of Nova Scotia, and an experienced landlord and real estate investor…
Before the Bell: Energy stocks look to oil inventory report
– theglobeandmail.com
Investors will be parsing earnings reports and waiting to hear from the FOMC
Carrick best reads: The secret to a happier life
– theglobeandmail.com
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick
IMF’s Lagarde: World economy is recovering but fragile; Europe improving, China resilient
– canadianbusiness.com
WASHINGTON – International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and “faces some downside risks.”
In an online press conference Wednesday, Lagarde described the United States “a strong performer” and China “resilient” despite a recent drop in Chinese stock prices.
She also expressed optimism for the 19 countries that use the euro. The IMF expects the eurozone economy to grow 1.5 per cent this year and 1.7 per cent in 2016; it expanded just 0.8 per cent in 2014.
“The euro area is beginning to turn the corner … We have a more upbeat forecast than we have in a long time,” she said.
Lagarde called again for Greece’s creditors to reduce its debt burden. She said Greece needs to enact reforms that will make its economy more efficient and expressed confidence the IMF can work with Greece’s left-wing government, which has criticized IMF policies.
“There are lots of things that you say (in politics),” she said…
In an online press conference Wednesday, Lagarde described the United States “a strong performer” and China “resilient” despite a recent drop in Chinese stock prices.
She also expressed optimism for the 19 countries that use the euro. The IMF expects the eurozone economy to grow 1.5 per cent this year and 1.7 per cent in 2016; it expanded just 0.8 per cent in 2014.
“The euro area is beginning to turn the corner … We have a more upbeat forecast than we have in a long time,” she said.
Lagarde called again for Greece’s creditors to reduce its debt burden. She said Greece needs to enact reforms that will make its economy more efficient and expressed confidence the IMF can work with Greece’s left-wing government, which has criticized IMF policies.
“There are lots of things that you say (in politics),” she said…
Hydro Ottawa buys 10 run-of-river projects in Ontario, New York from Fortis
– canadianbusiness.com
OTTAWA – Hydro Ottawa said Wednesday it has acquired 10 run-of-the-river hydroelectric facilities in Ontario and New York from Fortis Inc. (TSX:FTS).
Financial terms of the deal for the assets, which represent 30.9 megawatts of capacity, were not immediately available.
Run-of-the-river projects tend to be on a smaller scale than traditional hydro developments and are built along rivers with a consistent flow of water.
Hydro Ottawa said the New York assets have a combined capacity of 22.6 MW located in Lyons Falls, Dolgeville, Philadelphia and Diana.
The Ontario assets have a combined capacity of 8.3 MW located in Ottawa, Rideau Lakes, Kingston, Gananoque and South Crosby.
Hydro Ottawa delivers electricity to more than 319,500 customers in Ottawa and Casselman, Ont.
The post Hydro Ottawa buys 10 run-of-river projects in Ontario, New York from Fortis appeared first on Canadian Business – Your Source For Business News.
Financial terms of the deal for the assets, which represent 30.9 megawatts of capacity, were not immediately available.
Run-of-the-river projects tend to be on a smaller scale than traditional hydro developments and are built along rivers with a consistent flow of water.
Hydro Ottawa said the New York assets have a combined capacity of 22.6 MW located in Lyons Falls, Dolgeville, Philadelphia and Diana.
The Ontario assets have a combined capacity of 8.3 MW located in Ottawa, Rideau Lakes, Kingston, Gananoque and South Crosby.
Hydro Ottawa delivers electricity to more than 319,500 customers in Ottawa and Casselman, Ont.
The post Hydro Ottawa buys 10 run-of-river projects in Ontario, New York from Fortis appeared first on Canadian Business – Your Source For Business News.
