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
How to start saving for retirement at 45 + MORE Mar 13th
Saving for retirement at age 45 means you’ll have a 20-year runway toward a traditional age 65 retirement. But what’s your starting point? The National Bank of Canada suggests that by age 40 you should have 2.1 times your annual income saved for retirement, while the U.S.-based firm Fidelity rec.... More »
Tesla's troubles are piling up — but the Elon Musk cult is still full of true believers Apr 21st
Tesla is beset by production problems, it is swimming in debt, its bonds are near junk status, its stock has more people betting against it than any other major company. But there are still good reasons to believe in the world's best known electric car maker..... More »
Gov. Christie says he’s not worried about advocacy groups’ lawsuit over travel security costs Aug 23rd
TRENTON, N.J. – New Jersey Gov. Chris Christie is not worried about a lawsuit filed against him by three left-leaning advocacy groups.
Speaking Saturday at the Iowa State Fair, Christie said the groups have repeatedly sued him. The latest litigation “is just another of the pile of garbag.... More »
Best robo-advisors in Canada for 2025 Feb 14th
Investing is a bit like renovating your home. The cheapest way is to do it yourself, with a Canadian online broker. Of course, the result will depend on your know-how and skills, and it will consume a lot of your time. Conversely, you can outsource the job to a master contractor and not lift a finge.... More »
Why Canada’s leaders won’t talk about housing bubbles + MORE Aug 21st
Given the real estate sector’s importance to the economy—it amounts to $4 trillion of Canadians’ wealth, is equal to roughly seven per cent of GDP and dominates 99 per cent of dinner-party conversations—you might have thought the housing market would be a significant point of debate in the f.... More »
HSBC reports first half profit up 10 per cent, announces sale of Brazil business
– canadianbusiness.com
HONG KONG – HSBC Holdings PLC, Europe’s biggest bank, said Monday that strong performance in Asia helped to boost first-half profit by 10 per cent. The bank also announced the sale of its Brazil business for $5.2 billion.
Profit for the six months ending June 30 rose to $13.6 billion, or 48 cents per share, said the bank which is listed on stock exchanges in Hong Kong and London. Revenue rose 4 per cent from a year earlier to $30.8 billion.
“Strong revenue performance across our Asia businesses helped drive increased profits,” said CEO Stuart Gulliver in a statement.
Gulliver cited growth in commercial banking in Hong Kong and Britain and in wealth management in Asia.
Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve major corporate customers.
HSBC operates in 70 countries and has about 51 million customers…
Profit for the six months ending June 30 rose to $13.6 billion, or 48 cents per share, said the bank which is listed on stock exchanges in Hong Kong and London. Revenue rose 4 per cent from a year earlier to $30.8 billion.
“Strong revenue performance across our Asia businesses helped drive increased profits,” said CEO Stuart Gulliver in a statement.
Gulliver cited growth in commercial banking in Hong Kong and Britain and in wealth management in Asia.
Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve major corporate customers.
HSBC operates in 70 countries and has about 51 million customers…
Seven reasons SmartREIT makes for a wise investment
– theglobeandmail.com
Its attractive yield combined with potential modest unit price appreciation is ideal in this sluggish Canadian economy
