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
Toronto, Vancouver among biggest property bubbles in the world, UBS says Sep 28th
Swiss investment bank UBS has deemed Toronto and Vancouver to have among the world's biggest housing bubbles, with mispricing that's even more pronounced than it is in expensive cities like Paris and San Francisco..... More »
A wish list for Carney’s fall budget + MORE Oct 22nd
Statistics Canada’s midsummer report on Canadians’ disposable income showed an increase across all income quintiles in the first quarter of 2025, by a healthy average of 6% to 7% for the highest earners and 3.2% for the lowest. That was good news; the increases were above the inflation rate of 2.... More »
Smart financial decisions small business owners should make now Jul 27th
In partnership with Surex
Rule number one of being an entrepreneur: When things get tough, keep going. The COVID-19 pandemic has brought to the surface many worst-case scenarios for small business owners. They’ve lost revenue, laid off staff, and some have even had to close their business permane.... More »
Berkshire Hathaway’s 1Q profit up 8 per cent on paper gain May 1st
OMAHA, Neb. – Berkshire Hathaway’s first-quarter profit grew 8 per cent largely because of the way it had to account for its Duracell acquisition on paper, but profits fell at its BNSF railroad and at its insurance units.
CEO Warren Buffett offered a preview of the first-quarter results .... More »
TFSAs, RRSPs and FHSAs: 10 things you might not know + MORE May 6th
Amidst volatile financial markets and economic uncertainty caused by the trade war, many Canadians are exploring different strategies to protect their savings. If you’re among them, knowledge about different registered accounts you’re saving in can influence how effectively you use them to secur.... More »
Canadian dollar down, market indexes lower
– canadianbusiness.com
TORONTO – The Canadian dollar was trading below 77 cents US and North American stock indexes fell Tuesday.
The loonie was at 76.71 cents US shortly after Canadian and American stock markets opened, down 0.59 from Friday’s close before the Canadian Thanksgiving holiday weekend.
The Toronto Stock Exchange’s S&P/TSX composite index was down 59.62 points at 13,904.74 in the first trading since Friday, which ended the market’s best week of the year.
The Dow Jones average of 30 stocks was down 27.73 at 16,942.0 from Monday’s close, the broader S&P 500 index declined 4.73 points to 2,012.73 and Nasdaq lost 11.38 points to 4,827.26.
On the commodity markets Tuesday, the December gold contract was at US$1,165.60 an ounce, up $9.70 from Friday’s close and up $1.10 from Monday.
The November crude contract was at US$47.55 a barrel, down $2.08 from Friday’s close but up 45 cents from Monday, and the October contract for natural gas was $2.55, up one cent from Monday…
The loonie was at 76.71 cents US shortly after Canadian and American stock markets opened, down 0.59 from Friday’s close before the Canadian Thanksgiving holiday weekend.
The Toronto Stock Exchange’s S&P/TSX composite index was down 59.62 points at 13,904.74 in the first trading since Friday, which ended the market’s best week of the year.
The Dow Jones average of 30 stocks was down 27.73 at 16,942.0 from Monday’s close, the broader S&P 500 index declined 4.73 points to 2,012.73 and Nasdaq lost 11.38 points to 4,827.26.
On the commodity markets Tuesday, the December gold contract was at US$1,165.60 an ounce, up $9.70 from Friday’s close and up $1.10 from Monday.
The November crude contract was at US$47.55 a barrel, down $2.08 from Friday’s close but up 45 cents from Monday, and the October contract for natural gas was $2.55, up one cent from Monday…
Wells Fargo to buy $32-billion GE assets, add 3,000 Workers
– theglobeandmail.com
The sale includes commercial-distribution, vendor and corporate finance units from GE Capital
Twitter laying off up to 336 people, 8 per cent workforce as new CEO cracks down on expenses
– canadianbusiness.com
SAN FRANCISCO – Twitter is laying off up to 336 employees, signalling CEO Jack Dorsey’s resolve to slash costs while the company struggles to make money.
The cutbacks announced Tuesday could equate to about 8 per cent of Twitter’s workforce of 4,100 people.
The purge comes two weeks after Twitter brought back one of its co-founders as permanent CEO in hopes that Dorsey would be able to resolve problems that have slowed user growth at the messaging service and compounded an uninterrupted cycle of financial losses.
Cutting costs can boost profits but at Twitter, it has also raised uncertainty about the future, the company’s desire for aggressive growth and the larger audience it has sought for so long.
The layoffs may be a sign of desperation at a sinking company, said Edison Investment Research analyst Richard Windsor.
“It is important to run a tight ship, but simply cutting jobs is often the action of a company that does not know what else to do,” Windsor said…
The cutbacks announced Tuesday could equate to about 8 per cent of Twitter’s workforce of 4,100 people.
The purge comes two weeks after Twitter brought back one of its co-founders as permanent CEO in hopes that Dorsey would be able to resolve problems that have slowed user growth at the messaging service and compounded an uninterrupted cycle of financial losses.
Cutting costs can boost profits but at Twitter, it has also raised uncertainty about the future, the company’s desire for aggressive growth and the larger audience it has sought for so long.
The layoffs may be a sign of desperation at a sinking company, said Edison Investment Research analyst Richard Windsor.
“It is important to run a tight ship, but simply cutting jobs is often the action of a company that does not know what else to do,” Windsor said…
The Globe and MailLiberals have been better bet than Tories for stock investorsThe Globe and MailIf history is any guide, a win by Justin Trudeau and the Liberals in next week's election bodes well for Canadian stocks. Stretching back to 1922 and the time of William Lyon Mackenzie King's first term in office, stock returns have been three times …Justin Trudeau angles for NDP voters in TorontoCBC.caFive keys things Harper's Conservatives must do to win on Oct. 19CTV NewsThree things to watch in the final election weekMacleans.caThe Guardian Charlottetown -Huffington Post Canada -Nanaimo News Bulletinall 920 news articles »
Join us at the MoneyShow University in Toronto
– moneysense.ca
Join MoneySense at the MoneyShow University on Oct 31st at the Metro Toronto Convention Centre for a free educational workshop for students and young professionals. Interact with author, Robert Brown, along with other investment industry experts, and learn how to enhance your financial literacy.
Click for more details and register for free today!
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Click for more details and register for free today!
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