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.
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Competition Bureau concludes investigation into market data complaint
– canadianbusiness.com
TORONTO – The Competition Bureau has concluded that the TMX Group was not abusing its dominant market position regarding an investigation relating to market data.
The bureau began probing the issue late last year after receiving a complaint from Aequitas Innovations Inc., the operators of the upstart stock market Aequitas NEO Exchange.
The company had alleged that TMX Group (TSX:X), which operates the Toronto Stock Exchange, has been using its dominant market position to “maintain control over the pricing of market data in the Canadian capital markets.”
As a result, Canadian investors only get a partial view of what is going on in the markets, it had claimed.
Aequitas, which launched last year, bills itself as a more fair alternative to the TSX and has backing from a number of financial industry heavyweights including Royal Bank of Canada (TSX:RY) and Barclays.
The company said it believes the bureau’s decision was reached because not enough investment dealers demonstrated support for a competitive solution that would give retail investors and investment advisers access to consolidated market data at a reasonable price…
The bureau began probing the issue late last year after receiving a complaint from Aequitas Innovations Inc., the operators of the upstart stock market Aequitas NEO Exchange.
The company had alleged that TMX Group (TSX:X), which operates the Toronto Stock Exchange, has been using its dominant market position to “maintain control over the pricing of market data in the Canadian capital markets.”
As a result, Canadian investors only get a partial view of what is going on in the markets, it had claimed.
Aequitas, which launched last year, bills itself as a more fair alternative to the TSX and has backing from a number of financial industry heavyweights including Royal Bank of Canada (TSX:RY) and Barclays.
The company said it believes the bureau’s decision was reached because not enough investment dealers demonstrated support for a competitive solution that would give retail investors and investment advisers access to consolidated market data at a reasonable price…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,039.87, up 175.84 points):
Canopy Growth Corp. (TSX:CGC). Drug manufacturer. Down $2.12, or 16.83 per cent, to $10.48 on 9.4 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 59 cents, or 3.74 per cent, to $16.37 on 6.8 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 26 cents, or 4.95 per cent, to $5.51 on 6.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up three cents, or 0.73 per cent, to $4.13 on 6.2 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up six cents, or 1.86 per cent, to $3.28 on 5.9 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down seven cents, or 3.61 per cent, to $1.87 on 5.9 million shares.
Companies reporting major news:
DH Corp. (TSX:DH). Application software. Up $1.60, or 11 per cent, to $16.15 on 2.2 million shares. DH Corp. is slashing its quarterly dividend by 63 per cent starting in January while it undergoes a strategic transformation into a financial technology company…
Toronto Stock Exchange (15,039.87, up 175.84 points):
Canopy Growth Corp. (TSX:CGC). Drug manufacturer. Down $2.12, or 16.83 per cent, to $10.48 on 9.4 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 59 cents, or 3.74 per cent, to $16.37 on 6.8 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 26 cents, or 4.95 per cent, to $5.51 on 6.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up three cents, or 0.73 per cent, to $4.13 on 6.2 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up six cents, or 1.86 per cent, to $3.28 on 5.9 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down seven cents, or 3.61 per cent, to $1.87 on 5.9 million shares.
Companies reporting major news:
DH Corp. (TSX:DH). Application software. Up $1.60, or 11 per cent, to $16.15 on 2.2 million shares. DH Corp. is slashing its quarterly dividend by 63 per cent starting in January while it undergoes a strategic transformation into a financial technology company…
This tiny bond ETF could signal the start of a big investing trend
– theglobeandmail.com
A little-known, thinly-traded bond exchange-traded fund saw its assets soar on Friday in what could be indicative of the next big theme in ETFs
Regulators should explore boosting minimum down payment: CMHC
– moneysense.ca
TORONTO – The head of Canada’s federal housing agency says regulators should explore the possibility of raising the minimum down payment required on a home as a way of easing affordability and reducing risk to the financial system.
“Politicians are tempted to help first-time homebuyers enter the market, but low down payments may be part of the problem, adding to affordability pressures and macro-economic vulnerabilities,” said Evan Siddall, president and CEO of Canada Mortgage and Housing Corp.
During a speech at the Bank of England’s offices in London Friday, Siddall said that low minimum down payments fuel housing demand and lead to higher housing costs.
That ultimately ends up hurting the young, first-time homebuyers that such policies were purportedly designed to help, Siddall said.
You should be saving for more than just a down payment »
Boosting the minimum down payment could help offset the effects of rock-bottom interest rates, which have encouraged borrowers to take on excessive mortgage debt, he added…
“Politicians are tempted to help first-time homebuyers enter the market, but low down payments may be part of the problem, adding to affordability pressures and macro-economic vulnerabilities,” said Evan Siddall, president and CEO of Canada Mortgage and Housing Corp.
During a speech at the Bank of England’s offices in London Friday, Siddall said that low minimum down payments fuel housing demand and lead to higher housing costs.
That ultimately ends up hurting the young, first-time homebuyers that such policies were purportedly designed to help, Siddall said.
You should be saving for more than just a down payment »
Boosting the minimum down payment could help offset the effects of rock-bottom interest rates, which have encouraged borrowers to take on excessive mortgage debt, he added…
Experts recommend reforms to Panama’s financial sector
– canadianbusiness.com
PANAMA CITY – A panel of independent experts says Panama must improve its information sharing with foreign nations and implement internal regulations to alter its image as a paradise for tax evaders.
Panel leader Alberto Aleman Zubieta said Monday that the recommendations aim to close “gaps” in the country’s financial services sector.
President Juan Carlos Varela formed the panel following the April leak of a huge trove of documents from a Panamanian law firm detailing offshore financial dealings. Many of the so-called “Panama Papers” documents detailed how world leaders, celebrities and businesses used tax shelters to hide money.
The panel’s report was made public Monday. Among its recommendations is to require that records be kept of the ultimate beneficiary of limited liability companies to guard against illicit activity.
The post Experts recommend reforms to Panama’s financial sector appeared first on Canadian Business – Your Source For Business News.
Panel leader Alberto Aleman Zubieta said Monday that the recommendations aim to close “gaps” in the country’s financial services sector.
President Juan Carlos Varela formed the panel following the April leak of a huge trove of documents from a Panamanian law firm detailing offshore financial dealings. Many of the so-called “Panama Papers” documents detailed how world leaders, celebrities and businesses used tax shelters to hide money.
The panel’s report was made public Monday. Among its recommendations is to require that records be kept of the ultimate beneficiary of limited liability companies to guard against illicit activity.
The post Experts recommend reforms to Panama’s financial sector appeared first on Canadian Business – Your Source For Business News.
