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
Ladies, here’s how to DIY your first financial plan + MORE Jul 9th
If your net worth is growing, your financial plan is working..... More »
90 days - 2.00% + MORE Nov 1st
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online..... More »
Ride-hailing services Uber and Lyft preparing to become public companies + MORE Dec 10th
The two largest ride-hailing companies appear set to go public, with both Uber and Lyft making confidential filings with the U.S. Securities Commission for an IPO..... More »
5 things to know about your RRSP before the deadline + MORE Feb 4th
OTTAWA – Recent volatility on the markets has bruised RRSP investments. As the Feb. 29 deadline for contributions looms, here are five things to know about RRSPs:
— They allow you to defer taxes, not avoid them. You are able to deduct your contributions from your income, but when you withdraw th.... More »
Five things to watch for in the Canadian business world in the coming week Dec 6th
TORONTO – Five things to watch in Canadian business this week:
Poloz in TO: The Bank of Canada governor speaks to the Empire Club of Canada on Tuesday on monetary policy. Stephen Poloz held firm on the bank’s central lending rate last week, leaving it at 0.5 per cent even as the Federal .... More »
Markit rises in early trading after company expands its IPO and offering prices at $1.28B
– canadianbusiness.com
NEW YORK, N.Y. – Shares of Markit jumped after the financial information company’s initial public offering raised $1.28 billion.
Markit increased its offering to 53.5 million shares from 45.7 million shares, and the IPO was priced at $24 a share.
All of the shares are being sold by company stockholders, so Markit won’t get any of the proceeds from the IPO.
The stock rose $2.64, or 11 per cent, to $26.64 in late morning trading Thursday on the Nasdaq stock market.
The underwriters of the IPO can buy another 8 million shares to cover over allotments.
Markit Ltd. is the world’s largest provider of bond information and derivatives trade processing. The company says it has more than 3,000 customers including banks, hedge funds, asset managers, accounting firms, regulators, corporations, and central banks.
Markit is incorporated in Bermuda and has its headquarters in London.
The post Markit rises in early trading after company expands its IPO and offering prices at $1…
Markit increased its offering to 53.5 million shares from 45.7 million shares, and the IPO was priced at $24 a share.
All of the shares are being sold by company stockholders, so Markit won’t get any of the proceeds from the IPO.
The stock rose $2.64, or 11 per cent, to $26.64 in late morning trading Thursday on the Nasdaq stock market.
The underwriters of the IPO can buy another 8 million shares to cover over allotments.
Markit Ltd. is the world’s largest provider of bond information and derivatives trade processing. The company says it has more than 3,000 customers including banks, hedge funds, asset managers, accounting firms, regulators, corporations, and central banks.
Markit is incorporated in Bermuda and has its headquarters in London.
The post Markit rises in early trading after company expands its IPO and offering prices at $1…
Mortgage debt growth slowed: Statistics Canada
– macleans.ca
OTTAWA – Statistics Canada says mortgage debt at the end of the first quarter was up by 0.6 per cent from the previous quarter, the slowest pace of growth since early 2009.
The agency says mortgage debt totalled more than $1.1 trillion at the end of the first quarter.
The move came as Statistics Canada said the level of household credit market debt to disposable income edged down to 163.2 per cent in the first quarter compared with 163.9 per cent in the fourth quarter of 2013.
The decrease means Canadians owe just over $1.63 for every $1 in disposable income they earn in a year.
It says consumer credit debt edged down 0.3 per cent from the fourth quarter to $507 billion.
Household net worth grew by 2.5 per cent in the first quarter, led by a 3.2 per cent gain in the value of shares and other equities. The increase in household net worth was also supported by a 2.0 per cent gain in the value of household real estate. On a per capita basis, household net worth rose to $222,600 in the first quarter…
The agency says mortgage debt totalled more than $1.1 trillion at the end of the first quarter.
The move came as Statistics Canada said the level of household credit market debt to disposable income edged down to 163.2 per cent in the first quarter compared with 163.9 per cent in the fourth quarter of 2013.
The decrease means Canadians owe just over $1.63 for every $1 in disposable income they earn in a year.
It says consumer credit debt edged down 0.3 per cent from the fourth quarter to $507 billion.
Household net worth grew by 2.5 per cent in the first quarter, led by a 3.2 per cent gain in the value of shares and other equities. The increase in household net worth was also supported by a 2.0 per cent gain in the value of household real estate. On a per capita basis, household net worth rose to $222,600 in the first quarter…
BlackBerry unveils new phone and reverses financial plunge with $23m profit – Toronto Star
– news.google.ca
Toronto StarBlackBerry unveils new phone and reverses financial plunge with $23m profitToronto StarWATERLOO— BlackBerry Ltd. has unveiled a QWERTY smartphone called the Passport to be launched at an event in London in September. “It's either the world's smallest phablet or its biggest smartphone,” chief executive John Chen said as he showed off …BlackBerry Says Growth in Sight as Turnaround Takes HoldBloombergBlackBerry gains access to Amazon's 240000 appsStarPhoenixBlackBerry shares rise 11% after unexpected profitCBC.caPC Magazine -Business Standard -New Zealand Heraldall 713 news articles »
Top links: High CEO pay linked to bad stock performance
– theglobeandmail.com
A roundup of what our market strategist is reading on the web this morning
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
