There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
What’s my RRSP contribution limit? Feb 10th
If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2018 and may even be looking forward to a hefty tax refund. You can help ensure that happens by knowing the details of your Registered Retirement Savings Plan (RRSP), what sets them apart, your cont.... More »
Are ETFs a good investment for an all-weather portfolio? + MORE Feb 2nd
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investments—suffered losses in 2022, as central banks hiked interest rates. Meanwhile, stocks look determine.... More »
Financial firm outsourcing increasing risk of cyber attacks: IIAC + MORE Jan 12th
TORONTO _ The head of the Investment Industry Association of Canada says the risk of cyberattacks is being amplified by the significant outsourcing done by investment dealers and asset managers.
Ian Russell told attendees at an Empire Club of Canada luncheon on Thursday in Toronto that firms’ .... More »
How to prepare for life as a single-income family + MORE Jun 30th
Zena Amundsen didn’t realize how tight finances could be for a single-income household after she and her husband welcomed their first baby. She quickly had to learn to keep track of every dollar, recalled Amundsen, a Regina-based certified financial planner at Astra Financial Services.
For.... More »
Bank of Montreal CEO Bill Downe to retire in October; successor is Darryl White + MORE Apr 7th
After more than a decade at the helm, the Bank of Montreal’s Bill Downe has announced plans to retire as CEO on Oct. 31.
He will be succeeded by Darryl White, who is currently the bank’s (TSX:BMO) chief operating officer.
In a statement issued Friday, BMO chairman Robert Prichard highlig.... More »
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
New Trade: Long Priceline ($PCLN) & Short AOL ($AOL)
– IntelligentSpeculator.net
After receiving a lot of feedback when I went public with my view of Yahoo, I did short it last Monday which ended up being good timing as the COO was fired later that week which set the stock back a bit. Overall the performance has been good but it’s still very early obviously…!As will be the case all year, my long & short stock picks will be available to see in my live spreadsheet:
http://www.intelligentspeculator.net/livetrades
Today, as was the case last week, I’m trading two tech stocks that are both part of the “original internet stocks era”.
You can see the numbers for both companies here:
TickerNamePricePE RatioPE Next YearReturn YTDSales GrowthAnalyst ratingBook ValueBetaRevenue/ShareSales 5Y Avg GrowthEPS 5Y Avg Growth
AOLAOL Inc50.7731.922.1212.7-0.473.9528.660.6324.06N/AN/A
PCLNpriceline.com Inc1178.0433.7723.241.9120.794.67125.991.26105.5632.5476.16
As is the case for most of my trades, I see a major discrepancy here between the P/E and the growth that both of these stocks are able to generate…
Montreal GazetteQuebec to invest $10-million in White Star CapitalMontreal GazetteMONTREAL — On a European trip, Quebec Premier Pauline Marois announced that the Quebec government will invest $10 million U.S. in White Star Capital, an investment company focused on early-stage technology companies that is simultaneously …PQ's popularity jumps; within reach of majority government, poll suggestsThe Globe and MailQuebec separatists have risen into majority territory: pollToronto SunVisual effects company Cinesite to open offices in MontrealGlobalnews.caCTV News -rabble.caall 23 news articles »
AP Interview: Davos forum founder expects focus on Syria, Iran during event at Swiss resort
– canadianbusiness.com
DAVOS, Switzerland – Talks over the future of Syria and Iran will occur on the sidelines of the annual gathering for political and financial elites in the Swiss ski resort of Davos, the founder of the World Economic Forum said Monday.
Klaus Schwab said in an interview with the Associated Press that there will be crossover between the forum’s 2,500 participants and the more than 30 foreign ministers attending the start of the Syria peace conference several hours away in Montreux, Switzerland.
Syria’s main, Western-backed opposition group threatened Monday to sit out this week’s peace conference that is trying to end the country’s devastating civil war. But the head of the opposition has confirmed his attendance in Davos.
“Here you have some of the true leaders with the influence on the region, so I am sure the results will have an impact on our own discussions,” said Schwab, a German-born economist and engineer who founded the Davos forum in 1971…
Klaus Schwab said in an interview with the Associated Press that there will be crossover between the forum’s 2,500 participants and the more than 30 foreign ministers attending the start of the Syria peace conference several hours away in Montreux, Switzerland.
Syria’s main, Western-backed opposition group threatened Monday to sit out this week’s peace conference that is trying to end the country’s devastating civil war. But the head of the opposition has confirmed his attendance in Davos.
“Here you have some of the true leaders with the influence on the region, so I am sure the results will have an impact on our own discussions,” said Schwab, a German-born economist and engineer who founded the Davos forum in 1971…
RBC cuts mortgage rates, don’t expect others to follow suit
– moneysense.ca
TORONTO – A move by Royal Bank to slightly decrease its fixed mortgage rates may have would-be homeowners wondering whether other banks may follow suit.
But one expert says that while that’s a possibility, it’s also not the most important question people should be asking.
RBC (TSX:RY) quietly lowered its rates on several fixed-rate mortgages by 10 basis points over the weekend. It was a small drop to the discounted rate offered by the bank until the end of the month, but one that went against the general trend of rising rates.
Jason Scott, a mortgage broker with The Mortgage Group in Edmonton, says a push to lower rates as big lenders compete for mortgages in the important spring market is possible, but the change simply brings RBC closer to those already being offered by some other lenders.
He also points out that this latest change is unlikely to have the effect major cuts have had in a past — like when the Bank of Montreal lowered its five-year rate to 2.99 per cent and created a price war…
But one expert says that while that’s a possibility, it’s also not the most important question people should be asking.
RBC (TSX:RY) quietly lowered its rates on several fixed-rate mortgages by 10 basis points over the weekend. It was a small drop to the discounted rate offered by the bank until the end of the month, but one that went against the general trend of rising rates.
Jason Scott, a mortgage broker with The Mortgage Group in Edmonton, says a push to lower rates as big lenders compete for mortgages in the important spring market is possible, but the change simply brings RBC closer to those already being offered by some other lenders.
He also points out that this latest change is unlikely to have the effect major cuts have had in a past — like when the Bank of Montreal lowered its five-year rate to 2.99 per cent and created a price war…
