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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Premarket: Global stocks claw back losses but set for second weekly fall Nov 17th
Longest weekly losing streak since August; European stocks sluggish as earnings disappoint
.... More »
Apple (AAPL) Q4 2020 Earnings Call Transcript - Motley Fool + MORE Oct 30th
Apple (AAPL) Q4 2020 Earnings Call Transcript Motley FoolApple iPhone 12 mini: First hands-on video with the smallest iPhone showcases its diminutive stature Notebookcheck.netApple Results Beat Wall Street Estimates; China Sales Drop 29% BNNTests Show Third-Party Cha.... More »
Do you have real estate FOMO? What you need to know before it affects your finances + MORE May 3rd
The fear of missing out on owning a home, a.k.a. real estate FOMO, can be a powerful feeling—especially if you’re watching from the sidelines as home values soar. “I think of all the ‘high-priced’ $600,000 homes I could have purchased,” says Candice Best, a public relations executive bas.... More »
What does a fee-only financial planner do, exactly? Sep 16th
Q. How do you make money, Jason, if you don’t sell any products?
–Rob
A. Your question is a good one that I get a lot, Rob—even from people in the industry. So let me explain.
Something that I like to reinforce frequently is that I do not sell any financial products. I feel this is an import.... More »
Leaked Trump draft order blames NAFTA for wealth transfer from U.S. Apr 30th
U.S. President Donald Trump signs an executive order during a ceremony with Treasury Secretary Steve Mnuchin at the Treasury Department in Washington, U.S., April 21, 2017. (Aaron P. Bernstein/Reuters)
WASHINGTON – A published report says President Donald Trump planned to give Canada and Mexic.... 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
