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
Overcharged CIBC investment clients to get $73M in compensation + MORE Oct 28th
CIBC investment dealers will pay more than $73 million to compensate clients who were inadvertantly overcharged fees, Ontario's securities regulator says..... More »
The close: TSX suffers worst day in months, Dow dives 318 points + MORE Jan 24th
U.S. stocks dropped for a second day on Friday and the S&P 500 posted its worst week since June 2012 as a selloff in emerging market assets fed through to wholesale pullbacks in equities.
.... More »
Cardero posts 1st-quarter loss of $219,000 + MORE Mar 15th
VANCOUVER – VANCOUVER, British Columbia (AP) _ Cardero Resource Corp. (CDYCF) on Tuesday reported a loss of $219,000 in its fiscal first quarter.
The Vancouver, British Columbia-based company said it had a loss of 1 cent per share.
In the final minutes of trading on Tuesday, the company’.... More »
Jack Dorsey’s Square Inc. files for IPO + MORE Oct 15th
Square Inc, the mobile payments company co-founded by Twitter Chief Executive Jack Dorsey, filed with U.S. regulators for an initial public offering of common stock
.... More »
New to Canada? A new way to transfer your credit score Oct 25th
Equifax Inc. is launching a program to allow newcomers to transfer their foreign credit history to Canada.
The credit reporting company said Thursday that the Global Consumer Credit File will make it easier for immigrants to access services like loans and cellphone plans in Canada by providing th.... More »
Weekend Readings
– IntelligentSpeculator.net
Did you hear this story of a Boston homeless man who found a huge stack of cash and returned it to the police? Wow.. I’m happy to see it’s turning out well for him:) Here are some interesting readings going into the weekend:General Readings
-Why benchmarking your portfolio is a losing bet @ StreetTalkLive
-Rogue Goldman algo messes up options market @ ZeroHedge
-Is it impossible to beat the market? @ InstitutionalInvestor
Dividend/Passive Income Readings
-8 investing strategies, what’s yours? @ TheDividendGuyBlog
-Medtronic (MDT) dividend analysis @ DividendMonk
Tech Stock Readings
-Apple will not go after lower priced smartphones @ BusinessWeek
-What Twitter needs to do after IPO @ Fortune
The post Weekend Readings appeared first on Intelligent Speculator.
Reduce the fat!
– moneysense.ca
Illustration by Jason FordHeart disease is called the silent killer because it can sneak up on you with little warning. You can spend years eating a high-fat diet, sitting on the couch without any symptoms, but all the while your arteries are hardening and you’re at risk for a heart attack.
Hidden costs are the silent killers of your investment portfolio: they don’t show up on your quarterly statements, but high fees steadily erode your returns over the years and decades. Mutual fund investors, in particular, often unknowingly pay management expense ratios (MERs) between 2% and 3% every year. These fees must be disclosed, but many investors are oblivious to them because they’ve siphoned off the funds’ returns rather than charged explicitly.
Even a 1.5% difference in fees—which may appear benign—can have a devastating effect on your portfolio’s health. Consider two investors: Diane pays 1% in fees and Jack pays 2.5%. Assume both start with $100,000 and the markets return 6% annually before costs…
Nissan Motor announces production joint venture in Myanmar to begin Sunny production in 2015
– canadianbusiness.com
YANGON, Myanmar – Japan’s Nissan Motor Co. says it will build a car assembly plant in Myanmar to begin manufacturing the Nissan Sunny in 2015.
The company said Friday that the Myanmar Investment Commission approved its application for the joint venture plant with Tan Chong Motors on Aug. 15.
Myanmar has opened to foreign investment after political reforms helped it emerge from international isolation in 2011.
Nissan and Tan Chong said in a statement that the factory will initially employ 300 workers and produce more 10,000 cars per year at full production.
It said the 80-acre industrial complex will be the largest auto factory in Myanmar, but gave no financial details.
The post Nissan Motor announces production joint venture in Myanmar to begin Sunny production in 2015 appeared first on Canadian Business.
The company said Friday that the Myanmar Investment Commission approved its application for the joint venture plant with Tan Chong Motors on Aug. 15.
Myanmar has opened to foreign investment after political reforms helped it emerge from international isolation in 2011.
Nissan and Tan Chong said in a statement that the factory will initially employ 300 workers and produce more 10,000 cars per year at full production.
It said the 80-acre industrial complex will be the largest auto factory in Myanmar, but gave no financial details.
The post Nissan Motor announces production joint venture in Myanmar to begin Sunny production in 2015 appeared first on Canadian Business.
Weekend Reading – Tragic accident in Ottawa and quality reads from the blogosphere
– myownadvisor.ca
Before I get to the Weekend Reading list, I want to express my condolences to the loved ones of the victims of the horrific OC Transpo accident with a Via train in Ottawa this week. So tragic, so many lives changed in my city in an instant. I suppose it’s a reminder for all of us, how precious and precarious life really is. Take care this weekend and in your downtime enjoy these quality articles from the personal finance and investing blogosphere.
In case you missed it, I reported my latest dividend income here. The journey is coming along even though I have a long ways to go.
I also wrote about what I wish I learned in school.
Canadian Couch Potato answered some reader fears about rising interest rates and bond ETFs.
Rob Carrick said retirement may not be as rosy as you think.
Million Dollar Journey answered a reader question about accounts for Canadian indexed ETFs.
The Financial Blogger asked: Car Salesman or Personal Finance Superhero?
The Dividend Ninja wondered if REITs are a buy…
In case you missed it, I reported my latest dividend income here. The journey is coming along even though I have a long ways to go.
I also wrote about what I wish I learned in school.
Canadian Couch Potato answered some reader fears about rising interest rates and bond ETFs.
Rob Carrick said retirement may not be as rosy as you think.
Million Dollar Journey answered a reader question about accounts for Canadian indexed ETFs.
The Financial Blogger asked: Car Salesman or Personal Finance Superhero?
The Dividend Ninja wondered if REITs are a buy…
CTV NewsBruce Heyman is Obama's pick for US ambassador to CanadaThe Globe and MailU.S. President Barack Obama will nominate Chicago investment banker Bruce Heyman as his ambassador to Canada, the White House said Thursday. Known as a powerful fundraising force for the President, Heyman has been managing director of private …Bruce Heyman touted as next US ambassador to CanadaToronto StarChicagoan nominated as ambassador to CanadaChicago TribuneBruce Heyman named US ambassador to CanadaCBC.caWashington Post -Canada.com -St. Catharines Standardall 25 news articles »
