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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Top Markets to Invest in Singapore 2020 Feb 29th
Looking to make new lucrative investments in 2020? Singapore is a great place to consider investing your hard-earned cash. Enabling you to gain exposure in a promising emerging market, there are a lot of benefits you can experience from Singapore investments.
Here, you’ll discover everything you n.... More »
Banks say Canada Post should not be allowed to open the teller window + MORE Jul 12th
OTTAWA – The lobby group representing Canada’s big banks says Canada Post should not be allowed to expand onto its turf as a means of generating needed revenue.
The Canadian Bankers Association says there is no public policy objective or existing gap in the marketplace that would warrant.... More »
Chelsea soccer club being sold to L.A. Dodgers owners, investors for $3B US - CBC Sports May 7th
Chelsea soccer club being sold to L.A. Dodgers owners, investors for $3B US CBC SportsChelsea being sold to Dodgers owners for sports record $3BN Yahoo Canada FinanceChelsea: American billionaire Todd Boehly completes takeover as Roman Abramovich finally sells club D.... More »
Reducing risk in an RESP: How to invest as your kid approaches college or university + MORE Feb 12th
If you’ve opened a registered education savings plan (RESP) for your child or grandchild, congratulations. You’ve taken the first step towards financing their future college, university or trade school education. And now your family can start benefiting from generous government grants worth thou.... More »
An investor’s guide to ESG reporting in Canada + MORE Apr 20th
If you want to put your money into sustainable or responsible investments, you have more options on the market now than ever. Not only can you find exchange-traded funds (ETFs) and other funds specifically designed with ESG—environmental, social and governance—factors in mind, but individual com.... More »
Vancouver millennials hit hard in real estate frenzy
– macleans.ca
Julie Gordon/ReutersVANCOUVER – A new report says soaring property prices mean millennials in Vancouver have the lowest discretionary income among 10 Canadian cities it analyzed.
Vancity Credit Union says a typical Vancouver couple aged 24 to 34, with a combined annual income of about $72,000, would go into debt by $2,745 a year after buying an average priced property and paying essential expenses including property taxes, food, utilities and transportation.
The housing market in Toronto is the second-most expensive and a millennial couple there had the next lowest level of discretionary income.
The report says a couple in Toronto would have about $3,400 in discretionary income annually after buying an average priced house.
Millennial couples in Edmonton have the highest level of annual discretionary income at more than $47,000.
The report says that when childcare is added, a Vancouver family with one youngster in full-time care faces a debt of more than $17,000 per year.
Income and household spending costs in the report are based on Statistics Canada data…
Nuvo Research posts loss of $913,000 in first quarter
– canadianbusiness.com
MISSISSAUGA, Ont. – MISSISSAUGA, Ontario (AP) _ Nuvo Research Inc. (NRIFF) on Wednesday reported a loss of $913,000 in its first quarter.
The Mississauga, Ontario-based company said it had a loss of 8 cents per share. Earnings, adjusted to account for discontinued operations, were 11 cents per share.
The drugmaker posted revenue of $5.7 million in the period.
Nuvo Research shares have climbed 40 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.29, a rise of 34 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NRIFF at http://www.zacks.com/ap/NRIFF
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Keywords: Nuvo Research, Earnings Report
The post Nuvo Research posts loss of $913,000 in first quarter appeared first on Canadian Business – Your Source For Business News.
The Mississauga, Ontario-based company said it had a loss of 8 cents per share. Earnings, adjusted to account for discontinued operations, were 11 cents per share.
The drugmaker posted revenue of $5.7 million in the period.
Nuvo Research shares have climbed 40 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.29, a rise of 34 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NRIFF at http://www.zacks.com/ap/NRIFF
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Keywords: Nuvo Research, Earnings Report
The post Nuvo Research posts loss of $913,000 in first quarter appeared first on Canadian Business – Your Source For Business News.
NDP buttons at the 2016 NDP Federal Convention in Edmonton, Alberta on Sunday, April 10, 2016. (Photograph by Amber Bracken)OTTAWA – Central players in the NDP say the party’s upcoming leadership race may have a significant impact on its ability to raise cash for its empty coffers.
A letter from the party’s president, vice-presidents and treasurer and obtained by The Canadian Press, says the party’s federal council should consider the competition’s financial impact, given party campaign debts pegged around $5-million after last year’s marathon election campaign.
The concern is that leadership candidates will siphon away donations that would otherwise go to the party.
Recent figures released by Elections Canada paint a bleak picture of the party’s fundraising efforts in its first quarter, when it collected just $1.3 million.
These factors are all likely to be discussed when the council – the party’s governing body between conventions – meets Sunday to consider the rules for the upcoming race…
Silver Standard Resources posts 1st-quarter profit of $2.3 million
– canadianbusiness.com
VANCOUVER – VANCOUVER, British Columbia (AP) _ Silver Standard Resources Inc. (SSRI) on Wednesday reported first-quarter earnings of $2.3 million.
The Vancouver, British Columbia-based company said it had net income of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 11 cents per share.
The precious metals mining company posted revenue of $101.5 million in the period.
Silver Standard Resources shares have risen 69 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.77, a rise of 60 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSRI at http://www.zacks.com/ap/SSRI
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Keywords: Silver Standard Resources, Earnings Report
The post Silver Standard Resources posts 1st-quarter profit of $2.3 million appeared first on Canadian Business – Your Source For Business News.
The Vancouver, British Columbia-based company said it had net income of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 11 cents per share.
The precious metals mining company posted revenue of $101.5 million in the period.
Silver Standard Resources shares have risen 69 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.77, a rise of 60 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSRI at http://www.zacks.com/ap/SSRI
_____
Keywords: Silver Standard Resources, Earnings Report
The post Silver Standard Resources posts 1st-quarter profit of $2.3 million appeared first on Canadian Business – Your Source For Business News.
Vancouver millennials in debt due to high home prices
– moneysense.ca
VANCOUVER – A new report says soaring property prices and lower incomes in Vancouver are leaving many young homeowners in debt compared to millennials in 10 other Canadian cities.
Vancity Credit Union finds that a typical couple aged 25 to 34, with a combined annual income of about $72,000, faces a monthly debt of $2,745 after property costs and other essentials such as taxes, food, utilities and transportation.
The report says the lack of purchasing power is greatest in Vancouver, but that so-called millennials in Toronto are close behind with just over $3,300 remaining after housing and other basic costs are paid.
That compares with home-owning millennials in Edmonton, who hang onto more than $47,000 in discretionary funds, the highest in Canada.
The report says that when childcare is added, a Vancouver family with one youngster in full-time care faces a debt of more than $17,000 per year.
8 ways to fix Vancouver’s real estate madness »
Income and household spending costs in the report are based on Statistics Canada data while housing figures based on prices for March 2016 are from real estate boards across the country…
Vancity Credit Union finds that a typical couple aged 25 to 34, with a combined annual income of about $72,000, faces a monthly debt of $2,745 after property costs and other essentials such as taxes, food, utilities and transportation.
The report says the lack of purchasing power is greatest in Vancouver, but that so-called millennials in Toronto are close behind with just over $3,300 remaining after housing and other basic costs are paid.
That compares with home-owning millennials in Edmonton, who hang onto more than $47,000 in discretionary funds, the highest in Canada.
The report says that when childcare is added, a Vancouver family with one youngster in full-time care faces a debt of more than $17,000 per year.
8 ways to fix Vancouver’s real estate madness »
Income and household spending costs in the report are based on Statistics Canada data while housing figures based on prices for March 2016 are from real estate boards across the country…
