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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Winding down self-employment and planning for retirement Aug 18th
Q. I am a 60-year-old female, working full-time employed/self employed on a 100% commission basis and averaging between $107,000 and $140,000 gross annual income.
I own my home, with a $70,000 balance left on my mortgage. My mortgage payment (not including property taxes) is $457 biweekly. The curre.... More »
The Rise of Accessible Investing in a Fintech Generation + MORE Oct 15th
Created for
For generations, the benefits of investing have been reserved only for those who possess the luxuries of time, mobility and money. Knowledge of the stock market, the value of shares and the mere concept of making your money work for you are only now truly becoming public knowledge..... More »
Canada’s new real estate war + MORE Jul 19th
The Apple Self Storage building on Adelaide street west in Toronto, ON. (Photograph by Cole Garside)
The basement, wrote the French philosopher Gaston Bachelard in The Poetics of Space, an architectural treatise, “is first and foremost the dark entity of the house, the one that partakes of subterr.... More »
Aquaponic chronic: Canadian company producing marijuana fertilized by fish + MORE Feb 4th
The unlikely combination of freshwater fish and cannabis is producing outsized medical marijuana crops that Green Relief Inc. aims to capitalize on, as the Canadian company plots a stock market listing and global expansion..... More »
Nigerian lawsuit revives billion dollar oil scandal + MORE Dec 21st
LAGOS, Nigeria _ Nigeria’s anti-corruption agency is reviving a five-year-old scandal involving one of Africa’s richest oil blocs, in which a former petroleum minister and his allies allegedly made $1.1 billion dollars and the state oil company $210 million.
The Economic and Financial Cr.... More »
Robo-advisory firms shake up The City
– theglobeandmail.com
As technology pioneers claim chunks of the investment advisory market, banks will be forced to respond – and likely with buyouts
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,450.69, down 52.98 points):
Newmarket Gold Inc. (TSX:NMI). Miner. Up five cents, or 1.19 per cent, to $4.25 on 36.9-million shares.
Ivanhoe Mines Ltd. (TSX:IVN). Miner. Down 13 cents, or 6.53 per cent, to $1.86 on 28.9-million shares.
Teranga Gold Corp. (TSX:TGZ). Miner. Down four cents, or 2.94 per cent, to $1.32 on 25.9-million shares.
Spartan Energy Corp. (TSX:SPE). Oil and gas. Down seven cents, or 2.13 per cent, to $3.21 on 14.9-million shares.
Argonaut Gold Inc. (TSX:AR). Miner. Down 18 cents, or 4.69 per cent, to $3.66 on 12.8-million shares.
Centerra Gold Inc. (TSX:CG). Miner. Up 25 cents, or 3.50 per cent, to $7.39 on 12.3-million shares.
Companies reporting major news:
BlackPearl Resources Inc. (TSX:PXX). Oil and gas. Up nine cents, or 7.26 per cent, to $1.33 on 696,848 shares. The developer of a multi-billion dollar oilsands project says approval announced Thursday by the Alberta government is critical to raising money or finding a partner with deep pockets to go ahead with construction…
Toronto Stock Exchange (14,450.69, down 52.98 points):
Newmarket Gold Inc. (TSX:NMI). Miner. Up five cents, or 1.19 per cent, to $4.25 on 36.9-million shares.
Ivanhoe Mines Ltd. (TSX:IVN). Miner. Down 13 cents, or 6.53 per cent, to $1.86 on 28.9-million shares.
Teranga Gold Corp. (TSX:TGZ). Miner. Down four cents, or 2.94 per cent, to $1.32 on 25.9-million shares.
Spartan Energy Corp. (TSX:SPE). Oil and gas. Down seven cents, or 2.13 per cent, to $3.21 on 14.9-million shares.
Argonaut Gold Inc. (TSX:AR). Miner. Down 18 cents, or 4.69 per cent, to $3.66 on 12.8-million shares.
Centerra Gold Inc. (TSX:CG). Miner. Up 25 cents, or 3.50 per cent, to $7.39 on 12.3-million shares.
Companies reporting major news:
BlackPearl Resources Inc. (TSX:PXX). Oil and gas. Up nine cents, or 7.26 per cent, to $1.33 on 696,848 shares. The developer of a multi-billion dollar oilsands project says approval announced Thursday by the Alberta government is critical to raising money or finding a partner with deep pockets to go ahead with construction…
Business Highlights
– canadianbusiness.com
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Americans take on more mortgage debt as housing recovers
WASHINGTON (AP) — The Fed’s quarterly report on household wealth showed that Americans’ net worth climbed 1.2 per cent during the April-June quarter, to $89.1 trillion.
Stock and mutual fund portfolios increased 2.3 per cent to $21.2 trillion. Housing wealth rose 1.9 per cent to $25.6 trillion. The value of checking and savings accounts, as well as pension entitlements, also climbed. Mortgage debt rose 2.5 per cent in the second quarter at a seasonally adjusted annual rate, the biggest quarterly gain in more than eight years.
Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit card debt and other borrowing.
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Sit-down chains suffer as diners opt for convenience
NEW YORK (AP) — Customers have been walking away from sit-down chains as convenience and affordability take precedence.
Ruby Tuesday said this week that its CEO is resigning, and the chain forecast another quarter of lower sales as it closes locations…
Americans take on more mortgage debt as housing recovers
WASHINGTON (AP) — The Fed’s quarterly report on household wealth showed that Americans’ net worth climbed 1.2 per cent during the April-June quarter, to $89.1 trillion.
Stock and mutual fund portfolios increased 2.3 per cent to $21.2 trillion. Housing wealth rose 1.9 per cent to $25.6 trillion. The value of checking and savings accounts, as well as pension entitlements, also climbed. Mortgage debt rose 2.5 per cent in the second quarter at a seasonally adjusted annual rate, the biggest quarterly gain in more than eight years.
Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit card debt and other borrowing.
___
Sit-down chains suffer as diners opt for convenience
NEW YORK (AP) — Customers have been walking away from sit-down chains as convenience and affordability take precedence.
Ruby Tuesday said this week that its CEO is resigning, and the chain forecast another quarter of lower sales as it closes locations…
The compromises parents make to afford a house
– moneysense.ca
TORONTO – When 30-year-old Jessica Moorhouse and her husband recently moved into their $460,000 townhouse in Toronto’s west end, they weren’t buying the detached home of their dreams.Still, the young couple felt good they’d found an affordable place within the city’s hot real estate market — with enough room for the baby they one day plan on having.
“We could have definitely gotten a place maybe more in the city, nicer, that we wouldn’t have to fix anything up, that was a one bedroom,” says Moorhouse, who also blogs about her finances.
“But we would have been limited because … we want to start a family.”
People yearning for home ownership and parenthood can face an uphill battle in cities where soaring housing prices and costly daycare fees can be formidable. But the dream can be within reach, so long as house hunters and future parents are willing to compromise on a few things.
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How going to Starbucks can help your budget
– moneysense.ca
In our April 2016 issue of MoneySense, we introduced you to Lindsay Tithecott, a 29-year-old who is trying to pay down debt, build up savings and buy a larger condo. Throughout the year we’ll be giving her a financial challenge every two weeks to help her get her finances in shape. For her latest challenge we asked her to read Robert Brown’s Wealthing like Rabbits and to write about three money lessons she learned from the book. Here’s what she had to say:
I read author Robert Brown‘s Wealthing like Rabbits this summer and found it a very helpful book. The biggest lessons I learned were related to three things: long-term saving, day-to-day banking, and spending. I liked how the book was organized, and that it was written in what feels like a casual conversation. The topics covered seemed pretty basic, but I enjoyed going back to the basic framework of a healthy financial life.
Lesson 1: Save early, save often
Author Robert Brown does an excellent job of explaining financial concepts like the power of saving over the long term…
