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
Global stock indexes slump as Trump threatens more China tariffs Jun 19th
Global stock markets slumped Tuesday after President Donald Trump threatened to put tariffs on another $200 billion US in imports from China, and the Chinese government said it would retaliate, bringing tensions between the world's two largest economies closer to a boil..... More »
Christy Clark backs campaign to ban requiring women to wear high heels Mar 14th
British Columbia Premier Christy Clark speaks about shadow flipping in the real estate industry, in Vancouver, B.C., on Friday March 18, 2016. THE CANADIAN PRESS/Darryl Dyck
VANCOUVER – A campaign to ban employers from requiring female workers to wear high heels on the job has gained the backi.... More »
China's Xi promises to raise imports amid trade row with US - Reuters Nov 5th
ReutersChina's Xi promises to raise imports amid trade row with USReutersSHANGHAI (Reuters) - Chinese President Xi Jinping promised on Monday to lower tariffs, broaden market access and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictio.... More »
Toronto house prices soar in September + MORE Oct 5th
TORONTO – Housing sales in the Toronto area continued to soar last month, with the average price rising 20.4 per cent from September last year to $755,755, the Toronto Real Estate Board reported Wednesday.
The price increases came as the number of transactions in the Greater Toronto Area rose 21.5.... More »
China Evergrande ordered to liquidate in landmark moment for crisis-hit sector - Reuters Jan 29th
China Evergrande ordered to liquidate in landmark moment for crisis-hit sector ReutersHong Kong court orders Chinese property developer Evergrande to liquidate CBC NewsLive news: Evergrande ordered to liquidate as China property crisis continues Financial PostChina E.... More »
Intercontinental Exchange circles London Stock Exchange
– canadianbusiness.com
NEW YORK, N.Y. – Intercontinental Exchange Inc. is considering a bid for the London Stock Exchange, looking to potentially thwart its merger talks with Deutsche Boerse.
Last month London Stock Exchange Group PLC said that it was holding discussions with Deutsche Boerse over a possible tie up. Two previous attempts to combine the European exchanges, in 2000 and 2004, failed.
ICE, the owner of the New York Stock Exchange, said Tuesday that it has yet to decide whether to pursue an offer and hasn’t reached out to LSE’s board.
A firm intention to move forward in a bid for the London exchange must be made known by March 29, ICE said, to comply with industry rules.
The post Intercontinental Exchange circles London Stock Exchange appeared first on Canadian Business – Your Source For Business News.
Last month London Stock Exchange Group PLC said that it was holding discussions with Deutsche Boerse over a possible tie up. Two previous attempts to combine the European exchanges, in 2000 and 2004, failed.
ICE, the owner of the New York Stock Exchange, said Tuesday that it has yet to decide whether to pursue an offer and hasn’t reached out to LSE’s board.
A firm intention to move forward in a bid for the London exchange must be made known by March 29, ICE said, to comply with industry rules.
The post Intercontinental Exchange circles London Stock Exchange appeared first on Canadian Business – Your Source For Business News.
Barclays shares dive as bank restructures, sees profit fall
– canadianbusiness.com
LONDON – Barclays saw its shares plunge Tuesday after the bank revealed plans to split itself into two, simplify its operations and cut its dividend amid weaker earnings.
The bank said its fourth quarter adjusted pretax profit, which includes one-off items like provisions to pay for mis-selling policies in the U.K., fell by more than a half to 247 million pounds ($344 million) from the year before.
The London-based firm’s restructuring plan is part of new rules to separate riskier investment banking from retail banking. Such ring-fencing is meant to keep people’s savings secure in the event of another financial crash.
The bank said it would pay a lower dividend this year and next year, leading shares to fall nearly 11 per cent to 153.30 pence.
The bank also announced plans to sell down its stake in its African operations over the next three years to a non-controlling position. Barclays Africa Group Ltd. is now 62 per cent owned by Barclays and has 12 million customers across 12 countries…
The bank said its fourth quarter adjusted pretax profit, which includes one-off items like provisions to pay for mis-selling policies in the U.K., fell by more than a half to 247 million pounds ($344 million) from the year before.
The London-based firm’s restructuring plan is part of new rules to separate riskier investment banking from retail banking. Such ring-fencing is meant to keep people’s savings secure in the event of another financial crash.
The bank said it would pay a lower dividend this year and next year, leading shares to fall nearly 11 per cent to 153.30 pence.
The bank also announced plans to sell down its stake in its African operations over the next three years to a non-controlling position. Barclays Africa Group Ltd. is now 62 per cent owned by Barclays and has 12 million customers across 12 countries…
Scotiabank boosts dividend as quarterly profit rises 5 per cent – The Globe and Mail
– news.google.ca
The Globe and MailScotiabank boosts dividend as quarterly profit rises 5 per centThe Globe and MailBank of Nova Scotia, Canada's third-largest bank, reported a 5.1 per cent rise in quarterly profit, helped by growth in its international banking business. The results from Scotiabank round out the first-quarter earnings season from the six biggest …Scotiabank Reports Net Income of $1814 Million for the First Quarter of 2016StockhouseScotiabank Q1 profit rises 5%, hikes dividendCBC.caScotiabank hikes dividend as profit rises five per cent on gains in foreign bankingFinancial PostReuters Canada -Reuters Africa -Nasdaqall 34 news articles »
Scotiabank grew its first-quarter profit by five per cent to $1.81 billion on stronger earnings from both its Canadian and international banking operations.
Barclays slashes dividend, to exit Africa in ‘transatlantic’ makeover
– theglobeandmail.com
British bank posts 2 per cent drop in profit
