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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TFSA contribution room calculator Jan 1st
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like&nb.... More »
It’s ‘never too early, never too late’ to learn financial literacy, experts say + MORE May 9th
There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
It’s ‘never too early, never too late’ to learn financial literacy, experts say - thestar.comContinue Reading On thestar.com »
How a Government Worker Extorted .... More »
4 ways to pass along the family cottage Jun 15th
You can’t spend an afternoon paddling rivers or jumping off a dock without wondering where we, as Canadians, would be without cottage life. Yet, the joy of living a bit rough—with the bugs, the loons and everything in between—can, unfortunately, become a source of stress as aging parents start.... More »
Making sense of the markets this week: January 21, 2024 Jan 19th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Bitcoin goes mainstream—the exact stream that was supposed to run dry
I remember a few short years ago, bitcoin truthe.... More »
Donald Trump charging ahead with tariffs on $200 billion of Chinese imports: reports - Globalnews.ca Sep 16th
Globalnews.caDonald Trump charging ahead with tariffs on $200 billion of Chinese imports: reportsGlobalnews.caWATCH: U.S. President Donald Trump upped the ante on Friday by threatening to impose tariffs on all China's U.S. imports as the trade war between the two countries continues to escalate.... More »
Is change afoot at Crescent Point Energy?
– theglobeandmail.com
Discontent boils up among existing investors as hints of a potential activist interest float the crude producer’s stock
HSBC warns of risks to world economic growth as profit dives
– canadianbusiness.com
London-based bank HSBC reported Tuesday that annual profit slumped by more than 80 per cent following a year of “unexpected economic and political events” that contributed to volatile markets and influenced investment activity.
Europe’s biggest bank that net profit for 2016 tumbled 82 per cent to $2.5 billion from $13.5 billion a year ago.
Annual revenue fell 18.5 per cent to $48 billion.
In the most recent quarter, its net loss widened to $4.3 billion from $1.3 billion in the same period the previous year.
In a statement, Chairman Douglas Flint said the bank has recently raised its forecast for global economic growth. However, he warned that the risks remain high because of the threat of populism in upcoming European elections, the threat of global trade protection measures from President Donald Trump’s administration and uncertainty over Britain’s negotiations to leave the European Union.
HSBC is in the middle of carrying out a sweeping reorganization to focus on faster-growing Asia, where it earns the bulk of its profits…
Europe’s biggest bank that net profit for 2016 tumbled 82 per cent to $2.5 billion from $13.5 billion a year ago.
Annual revenue fell 18.5 per cent to $48 billion.
In the most recent quarter, its net loss widened to $4.3 billion from $1.3 billion in the same period the previous year.
In a statement, Chairman Douglas Flint said the bank has recently raised its forecast for global economic growth. However, he warned that the risks remain high because of the threat of populism in upcoming European elections, the threat of global trade protection measures from President Donald Trump’s administration and uncertainty over Britain’s negotiations to leave the European Union.
HSBC is in the middle of carrying out a sweeping reorganization to focus on faster-growing Asia, where it earns the bulk of its profits…
Ontario deficit down to $1.9 billion; higher revenue, use of reserve
– canadianbusiness.com
Ontario’s deficit for this fiscal year is down to $1.9 billion, due in part to higher tax revenues, a hot housing market and the use of the province’s reserve.
The government had projected $4.3 billion in last year’s budget, and the lower deficit puts the government closer to presenting a balanced budget this spring.
Finance Minister Charles Sousa released the province’s third-quarter finances Tuesday and said Ontario’s real GDP grew by 0.7 per cent, led by business exports, consumer spending and real estate investments.
“Overall, these positive economic factors _ more businesses succeeding, more people working, consumer confidence improving and exports rising, have had a positive effect on Ontario’s finances ahead of plan,” he said.
Ontario projects real GDP growth of 2.2 per cent in 2017, but said rising interest rates could weaken economic activity.
NDP Leader Andrea Horwath said no one lends any credence to the government “beating” its own deficit projections…
The government had projected $4.3 billion in last year’s budget, and the lower deficit puts the government closer to presenting a balanced budget this spring.
Finance Minister Charles Sousa released the province’s third-quarter finances Tuesday and said Ontario’s real GDP grew by 0.7 per cent, led by business exports, consumer spending and real estate investments.
“Overall, these positive economic factors _ more businesses succeeding, more people working, consumer confidence improving and exports rising, have had a positive effect on Ontario’s finances ahead of plan,” he said.
Ontario projects real GDP growth of 2.2 per cent in 2017, but said rising interest rates could weaken economic activity.
NDP Leader Andrea Horwath said no one lends any credence to the government “beating” its own deficit projections…
Stock markets in Canada and the United States touched record closing highs on Tuesday, driven by news of big deals.
Ottawa approves sale of B.C. retirement-home chain to Chinese group with murky ownership
– theglobeandmail.com
On paper, a majority stake in Vancouver-based Retirement Concepts is being sold to a Chinese-owned company called Cedar Tree Investment Canada — the company that China’s Anbang Insurance is using to make the acquisition
