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
Rising rates to boost vulnerability: PBO - Hamilton Spectator + MORE Jun 20th
Rising rates to boost vulnerability: PBOHamilton SpectatorOTTAWA — A new analysis says the expected, gradual rise of interest rates is poised to lift the financial vulnerability of Canadian households well above levels seen in the last three decades. The parliamentary budget officer's report .... More »
7 First Nations sign nuclear reactor ownership deal with Ottawa, Ontario - CBC Jun 23rd
7 First Nations sign nuclear reactor ownership deal with Ottawa, Ontario CBCOttawa, Ontario to announce joint Indigenous loan guarantee for new Darlington nuclear reactors The Globe and MailSeveral First Nations sign deal with Ottawa, Ontario to own part of a nuclear reactor&nb.... More »
At the open: TSX rises as earnings beats boost Rogers, CP Rail + MORE Jul 20th
S&P, Nasdaq opens at new highs on strong earnings
.... More »
5 things to know before the stock market opens Tuesday - CNBC Jan 30th
5 things to know before the stock market opens Tuesday CNBCFutures struggle for direction ahead of key jobs data, big tech earnings Yahoo Canada FinanceStock Market Today: Dow, S&P Live Updates for January 30 BloombergApple Lags as Microsoft Sales Hit Highs: US E.... More »
Weekend Reading – Shame on some advisors, rich Vancouverites, tools for retirement and more + MORE Aug 12th
Learn, save, invest and prosper with My Own Advisor.
Welcome to your Weekend Reading, over a coffee or a beer or a glass of wine this weekend.
Earlier this week I shared how I would manage a $1 million portfolio and for the first time ever on this site, I shared what I thought might be an age whereb.... More »
Marriott buys Starwood for $12.2 billion, creating global hotel chain of unrivaled scope
– canadianbusiness.com
NEW YORK, N.Y. – Marriott International is buying rival hotel chain Starwood for $12.2 billion in a deal that will secure its position as the world’s largest hotelier.
The stock-and-cash deal, if completed, will add 50 per cent more rooms to Marriott’s portfolio and give it more unique, design-focused hotels that appeal to younger travellers.
The new company would have 5,500 properties with more than 1.1 million rooms around the world, uniting Starwood’s brands, which include Westin, W and St. Regis, with Marriott’s two dozen brands including Marriott’s Courtyard, Ritz-Carlton and Fairfield Inn.
The next-largest hotel company is Hilton Worldwide with 4,400 properties and about 720,000 rooms.
Back in April, Starwood announced its board was exploring strategic options for the hotel company. The Stamford, Connecticut, company has struggled to grow as fast as its rivals, particularly in “limited service hotels,” smaller properties which don’t have restaurants or banquet halls…
The stock-and-cash deal, if completed, will add 50 per cent more rooms to Marriott’s portfolio and give it more unique, design-focused hotels that appeal to younger travellers.
The new company would have 5,500 properties with more than 1.1 million rooms around the world, uniting Starwood’s brands, which include Westin, W and St. Regis, with Marriott’s two dozen brands including Marriott’s Courtyard, Ritz-Carlton and Fairfield Inn.
The next-largest hotel company is Hilton Worldwide with 4,400 properties and about 720,000 rooms.
Back in April, Starwood announced its board was exploring strategic options for the hotel company. The Stamford, Connecticut, company has struggled to grow as fast as its rivals, particularly in “limited service hotels,” smaller properties which don’t have restaurants or banquet halls…
Helicopter services firm HNZ Group to suspend dividend starting next year
– canadianbusiness.com
MONTREAL – HNZ Group Inc. (TSX:HNZ.A, TSX:HNZ.B) says it will suspend its monthly dividend starting next year as it deals with a slowdown in the resource sector, a key customer for the company.
The helicopter services firm says it will continue to make its monthly payment to shareholders of 9.1875 cents per share until the end of 2015, but then it will stop.
“While the corporation continues to be profitable and generates free cash flow, the headwinds caused by low resource activity do not now appear to be short term, as initially thought,” chief executive Don Wall said in a statement.
“Preserving cash and protecting the strong balance sheet to weather the current economic environment is our foremost priority.”
Suspending the dividend will save the company $14.4 million in annual payments.
HNZ reported a loss of $8 million or 61 cents per share in its latest quarter compared with a profit of $9.6 million or 73 cents per share in the same quarter last year.
The loss for the quarter included a $17…
The helicopter services firm says it will continue to make its monthly payment to shareholders of 9.1875 cents per share until the end of 2015, but then it will stop.
“While the corporation continues to be profitable and generates free cash flow, the headwinds caused by low resource activity do not now appear to be short term, as initially thought,” chief executive Don Wall said in a statement.
“Preserving cash and protecting the strong balance sheet to weather the current economic environment is our foremost priority.”
Suspending the dividend will save the company $14.4 million in annual payments.
HNZ reported a loss of $8 million or 61 cents per share in its latest quarter compared with a profit of $9.6 million or 73 cents per share in the same quarter last year.
The loss for the quarter included a $17…
DHX Media swings to profit as revenue jumps
– theglobeandmail.com
Halifax-based TV producer posts earnings of $7.5-million or 6 cents a share
Marriott International is buying rival hotel chain Starwood in a stock-and-cash deal that will add 50 per cent more rooms to Marriott’s portfolio and create the world’s largest hotel chain.
As Syria refugee aid falters, new approach considered: Massive investment in Mideast hosts
– canadianbusiness.com
AMMAN, Jordan – Bold new ideas for helping Syrian refugees and their overburdened Middle Eastern host countries are gaining traction among international donors, shocked into action by this year’s migration of hundreds of thousands of desperate Syrians to Europe.
Rather than struggling to gather humanitarian aid for refugees, the plans centre around investing billions of dollars, much of it to be raised on financial markets. The money would go for development in countries such as Jordan and Lebanon to improve lives for both their own populations and refugees.
More controversial is a demand by some in the aid community that, in return for such a “Mideast Marshall Plan,” Jordan and Lebanon must allow Syrian refugees to work, integrating them more into society. The host countries, however, point to high domestic unemployment in arguing they cannot put large numbers of refugees to work legally.
“We need to be ambitious,” the regional chief of the World Bank, Ferid Belhaj, told The Associated Press…
Rather than struggling to gather humanitarian aid for refugees, the plans centre around investing billions of dollars, much of it to be raised on financial markets. The money would go for development in countries such as Jordan and Lebanon to improve lives for both their own populations and refugees.
More controversial is a demand by some in the aid community that, in return for such a “Mideast Marshall Plan,” Jordan and Lebanon must allow Syrian refugees to work, integrating them more into society. The host countries, however, point to high domestic unemployment in arguing they cannot put large numbers of refugees to work legally.
“We need to be ambitious,” the regional chief of the World Bank, Ferid Belhaj, told The Associated Press…
