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
Pelosi calls Trump's plan to dismantle financial regulations a 'massive con' and vows to fight it - Los Angeles Times + MORE Feb 6th
Los Angeles TimesPelosi calls Trump's plan to dismantle financial regulations a 'massive con' and vows to fight itLos Angeles TimesHouse Democratic Leader Nancy Pelosi vowed Monday to fight what she called President Trump 's “massive con” to dismantle the Dodd-Frank financial.... More »
How much credit card debt does the average Canadian have? Sep 22nd
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Singapore starts trial of ex-banker linked to 1MDB Fund + MORE Oct 31st
SINGAPORE – A private banker charged with money laundering and other offences in connection with the indebted Malaysian state fund 1MDB went on trial in Singapore on Monday.
Yeo Jiawei, a former wealth planner at Swiss private bank BSI, is facing 11 charges for allegedly obstructing the course.... More »
Rachel Notley says panel report on oil royalties still weeks away + MORE Jan 11th
EDMONTON – The results of Alberta’s royalty review have now been put off for a few more weeks — but critics say time is of the essence.
“We said (from the beginning) that a review shouldn’t be done at all, but if it was done it needed to be over very quickly,” Wildros.... More »
From RRSP to RRIF—managing your investments in retirement Nov 14th
Retirement brings many changes in a person’s life and your investment portfolio is one of them. Tracy Andrade, a wealth adviser and certified financial planner at Marnoa Private Wealth Counsel, says it’s challenging for people to see their savings start to decline as they begin spending .... More »
Buying a house with only 5% down
– moneysense.ca
Buying a house with only 5% down (mstay/Getty Images)Real estate is a popular investment because for a relatively small amount of money, you can own an asset worth significantly more. It’s the power of leverage and while there can be some significant drawbacks used wisely, leverage can help you build your net worth.
For first-time home buyers, this leverage opportunity translates into a chance to put only 5% down to own your home. For instance, you could purchase a condo or home for $450,000 with only $22,500 (plus transactional/closing costs).
But to use the 5% down payment option, the following rules apply:
* The home will be your principal residence—in other words, you will actually live in the home. So if you plan on buying a condo, only to rent it out, you won’t be eligible for the Canada Mortgage and Housing Corporation’s 5% down payment option.
* The actual 5% sum must be from your own funds or from a gift from a family member. You cannot use a loan or line of credit…
Obama's Big Idea for Small Savers: 'Robo' Financial Advice
– online.wsj.com
If you’re not on a path to a secure retirement, the White House suggests it’s because an evil broker is ripping you off.Morneau Shepell acquires Ceridian’s U.S. health and welfare benefits business
– canadianbusiness.com
TORONTO – Human resources firm Morneau Shepell has signed a deal to acquire the U.S. health and welfare benefits administration business of Ceridian.
Financial terms of the agreement were not immediately available.
The deal will see more than 100 Ceridian employees join Morneau Shepell as the company grows its U.S. business.
The company said the acquisition represents less than two per cent of its revenue and is not expected to have a material impact on its financial performance this year.
The deal is expected to close on July 31.
The post Morneau Shepell acquires Ceridian’s U.S. health and welfare benefits business appeared first on Canadian Business – Your Source For Business News.
Financial terms of the agreement were not immediately available.
The deal will see more than 100 Ceridian employees join Morneau Shepell as the company grows its U.S. business.
The company said the acquisition represents less than two per cent of its revenue and is not expected to have a material impact on its financial performance this year.
The deal is expected to close on July 31.
The post Morneau Shepell acquires Ceridian’s U.S. health and welfare benefits business appeared first on Canadian Business – Your Source For Business News.
Futures point to lower open for U.S. markets after disappointing Apple report
– canadianbusiness.com
TORONTO – U.S. stock markets were headed for a negative open following the latest financial report by Apple, which left investors disappointed despite a big jump in profits.
A lukewarm forecast, combined with uncertainty over the new Apple Watch had investors unimpressed.
Weakness on the U.S. markets was expected as global stock markets fell.
The September contract for crude oil was down 59 cents at US$50.27, while the August natural gas contract unchanged at $2.882.
The August gold contract was down US$10.90 at $1,092.60
The Canadian dollar was down 0.13 of a cent at 77.10 cents US.
The post Futures point to lower open for U.S. markets after disappointing Apple report appeared first on Canadian Business – Your Source For Business News.
A lukewarm forecast, combined with uncertainty over the new Apple Watch had investors unimpressed.
Weakness on the U.S. markets was expected as global stock markets fell.
The September contract for crude oil was down 59 cents at US$50.27, while the August natural gas contract unchanged at $2.882.
The August gold contract was down US$10.90 at $1,092.60
The Canadian dollar was down 0.13 of a cent at 77.10 cents US.
The post Futures point to lower open for U.S. markets after disappointing Apple report appeared first on Canadian Business – Your Source For Business News.
Apple falls: Over $66bn wiped off shares on fears of iPhone popularity peak – Irish Independent
– news.google.ca
Irish IndependentApple falls: Over $66bn wiped off shares on fears of iPhone popularity peakIrish IndependentOver $66bn was wiped off the value of Apple shares following its results, after the iPhone maker posted weaker results. Ads by Google. Share. Facebook · Twitter · Google · Email. Go To. Comments. The company failed to sell as much of its iPhones as …What Apple's Bizarre Stock Tumble Really MeansTIMEWhy are Apple shares plunging when it just reported record profits?Telegraph.co.ukApple's bizarro earnings report: What the analysts are sayingFortuneTimes of India -Financial Timesall 1,200 news articles »
