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
China’s central bank governor says yuan has stabilized against the dollar Sep 6th
BEIJING, China – China’s central bank governor has told a meeting of the G-20 that China’s currency has stabilized against the dollar after the country’s surprise announcement last month to revalue the yuan amid stock market turmoil.
Zhou Xiaochuan told a meeting of G-20 fina.... More »
Having a financial plan more than doubles your retirement confidence—here’s why so many Canadians are skipping it + MORE Oct 9th
A new KPMG survey reveals that eight in 10 Canadians with a professional financial plan feel confident they can retire at their desired age. Among those without one? Just 36%.
That’s a massive gap—and it’s widening at a time when more Canadians are rethinking their financial strateg.... More »
Aecon extends deadline to complete CCCI deal as federal review continues + MORE Mar 29th
The deadline for Aecon Group Inc. to complete its sale to a Chinese state-owned business has been extended to July 13 as Ottawa continues its national security review of the $1.5-billion deal.
The Calgary-based construction company and acquirer CCCC International Holding Ltd. (CCCI) had faced a self.... More »
Variable mortgage rates regaining traction as Bank of Canada cuts rates + MORE Sep 5th
The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
The rate cut prompted big commercial banks to lower their prime rates, which are used to set the r.... More »
…And here is what I actually got right…2016 Predictions – Final Update Jan 8th
Save, invest, prosper with My Own Advisor.
Well, here we are…another year gone and new one begins. Happy New Year again friends.
For the last couple of years, just for kicks, I made some financial predictions by looking into my cloudy crystal ball. Here is a recap of what I thought would happen .... More »
Canadian dollar down ahead of North American stock market open
– canadianbusiness.com
TORONTO – The Canadian dollar was down more than half a U.S. cent ahead of Tuesday’s trading on North American stock markets.
The loonie traded at 78.50 cents US, down 0.54 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were up 32 points at 17,659.0, the Nasdaq futures rose 2.2 points to 4,425.0, and the S&P 500 futures declined 4.7 points to 2,069.3.
On the commodity markets, the August crude contract was down 38 cents at US$52.15 a barrel and the August gold contract fell $8.30 to US$1,164.90 an ounce.
The S&P/TSX composite index closed Monday at 14,593.57, after falling 88.82 points.
The post Canadian dollar down ahead of North American stock market open appeared first on Canadian Business – Your Source For Business News.
The loonie traded at 78.50 cents US, down 0.54 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were up 32 points at 17,659.0, the Nasdaq futures rose 2.2 points to 4,425.0, and the S&P 500 futures declined 4.7 points to 2,069.3.
On the commodity markets, the August crude contract was down 38 cents at US$52.15 a barrel and the August gold contract fell $8.30 to US$1,164.90 an ounce.
The S&P/TSX composite index closed Monday at 14,593.57, after falling 88.82 points.
The post Canadian dollar down ahead of North American stock market open appeared first on Canadian Business – Your Source For Business News.
CTV NewsEurozone leader says it's up to Greece to bring credible proposalsCTV NewsThe Latest: Eurozone's Dijsselbloem says it's up to Greece to bring credible proposals. BRUSSELS — The latest on the Greek financial crisis (all times Brussels local): ——. 1:05 p.m.. Jeroen Dijsselbloem, the eurozone's top official, says the …Greek financial crisis: How the country moves forward after the No voteCBC.caAn Analyst Suggests Turning to a MediatorNew York TimesGreek PM heads to emergency meeting with eurozone leadersToronto StarWall Street Journal -Reuters -Los Angeles Timesall 13,147 news articles »
Malaysian authorities freeze 6 bank accounts in probe over fund transfer to prime minister
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Malaysian authorities have frozen six bank accounts as part of an investigation into allegations that hundreds of millions of dollars were transferred from a state investment fund to the personal accounts of Prime Minister Najib Razak.
Attorney General Abdul Gani Patail said Tuesday a special taskforce investigating the investment fund 1MDB for alleged impropriety has also seized documents related to 17 accounts at two banks for further investigation.
The taskforce also took documents related to non-compliance with central bank rules by the two banks, he said in a statement that was also signed by the central bank governor, the country’s police chief and the head of the anti-corruption agency.
The statement didn’t name the banks or say who the accounts belong to. The statement said the frozen accounts belong to “parties believed to be involved in this case.” It said the investigation is continuing.
Abdul Gani confirmed on the weekend he had received documents from investigators that link Najib and 1MDB funds…
Attorney General Abdul Gani Patail said Tuesday a special taskforce investigating the investment fund 1MDB for alleged impropriety has also seized documents related to 17 accounts at two banks for further investigation.
The taskforce also took documents related to non-compliance with central bank rules by the two banks, he said in a statement that was also signed by the central bank governor, the country’s police chief and the head of the anti-corruption agency.
The statement didn’t name the banks or say who the accounts belong to. The statement said the frozen accounts belong to “parties believed to be involved in this case.” It said the investigation is continuing.
Abdul Gani confirmed on the weekend he had received documents from investigators that link Najib and 1MDB funds…
The jubilance expressed by the supporters of the No side in Greece’s historic referendum may be short-lived, as the country faces the sobering realities of its precarious financial situation.
Standard & Poor’s has lowered Ontario’s financial rating to A+ from AA-, citing its heavy debt burden and budgetary “underperformance” compared with peers in other jurisdictions.
