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
Finance minister doesn’t rule out future changes to capital gains taxes + MORE Mar 24th
Ottawa made no changes in the federal budget to the way capital gains are taxed, but Finance Minister Bill Morneau isn’t completely ruling out changes in the future.
When asked about possible changes to the way profits from selling off personal assets are taxed in the future, Morneau left the .... More »
Making sense of the markets this week: January 8, 2023 + MORE Jan 6th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.
Putting 2022 into context (it was pretty bad)
What caught my eye this week? This chart from Ben Carlson:
Source: A W.... More »
Andrew McCreath’s Forge First buys Sui Generis + MORE Oct 30th
Andrew McCreath, president and chief executive officer of Forge First Asset Management Inc., said his firm has purchased Sui Generis Investment Partners
.... More »
Oil giant Saudi Aramco makes a historic $161B profit in 2022 - Business News - Castanet.net Mar 12th
Oil giant Saudi Aramco makes a historic $161B profit in 2022 - Business News Castanet.netSaudi Aramco Posts Blowout Annual Profit and Raises Dividend BNN BloombergSaudi oil giant Aramco posts record $161 billion profit for 2022 CNBCSaudi Aramco’ s $161bn profit is .... More »
Using The Wealth Formula to boost investment success + MORE Jan 8th
For many Canadians, learning investment basics can lead to smarter choices and, ultimately, a better retirement. A good starting point is understanding the fundamental elements that determine investment success or failure. These elements can be summed up in a simple equation I call “The Wealth For.... More »
Notable & Quotable: Oxfam
– online.wsj.com
‘Is it really true that the bottom 50% of the world’s population accounts for only 0.16% of the wealth on the planet?’The right way to cut politicians’ pay
– macleans.ca
Edmonton Mayor Don Iveson speaks during an announcement that Rogers Communications bought the naming rights for the new hockey arena in Edmonton December 3, 2013. (Dan Riedlhuber/Reuters)In 1932, during the depths of the Great Depression, baseball great Babe Ruth demanded an extension of his record-breaking $80,000 a year salary with the New York Yankees. When a sports writer pointed out such a sum was more than U.S. president Herbert Hoover earned, the Babe replied, “I had a better year than he did.”
You could say the same thing about Edmonton Mayor Don Iveson and Edmonton Oiler Connor McDavid. While McDavid is currently leading the NHL scoring race and has the Oilers positioned for the playoffs for the first time in a decade (all for $3.7 million a year), Iveson presides over a city still reeling from the collapse in oil prices and a shrinking provincial economy. As a result, his worship has seen his salary drop by nearly $4,000. I think we know who’s having the better year.
In an intriguing quirk of policy, city council salaries in Edmonton are calculated based on changes to provincial average weekly earnings over the previous year…
Steven Mnuchin’s ‘predatory’ past at the top of Democrats' hearing priorities
– theglobeandmail.com
Donald Trump’s Treasury Secretary nominee is expected to face tough questions over the role his bank played in foreclosing on Americans’ homes during the financial crisis
Indexers take note: The Dow is now beating the S&P 500
– theglobeandmail.com
Dow Jones industrial average’s bias toward financials and industrials and rising bond yields make ETFs that track the blue-chip index a better buy
Loonie loses nearly a full cent after Poloz says rate cut still ‘on the table’
– canadianbusiness.com
TORONTO _ The Canadian dollar plunged almost a full cent Wednesday following the Bank of Canada governor’s comments that a cut in the interest rate “remains on the table.”
The loonie was down 0.98 of a U.S. cent to 75.60 cents US just before 1 p.m. ET.
The currency began to weaken during a news conference by Stephen Poloz, where the central bank governor said an interest rate cut was possible if the economy deteriorates amid uncertainty surrounding U.S. president-elect Donald Trump’s policies.
As expected, the rate was unchanged at 0.5 per cent, where it has remained since July 2015.
The Bank of Canada also released its monetary policy report, in which it warned there would be “material consequences” for trade if protectionist policies under Trump come into effect.
North American stock markets are were mostly flat, with the Toronto Stock Exchange’s S&P/TSX composite index falling five points at 15,436.36 in early afternoon trading.
In New York, the Dow Jones industrial average was down a moderate 48…
The loonie was down 0.98 of a U.S. cent to 75.60 cents US just before 1 p.m. ET.
The currency began to weaken during a news conference by Stephen Poloz, where the central bank governor said an interest rate cut was possible if the economy deteriorates amid uncertainty surrounding U.S. president-elect Donald Trump’s policies.
As expected, the rate was unchanged at 0.5 per cent, where it has remained since July 2015.
The Bank of Canada also released its monetary policy report, in which it warned there would be “material consequences” for trade if protectionist policies under Trump come into effect.
North American stock markets are were mostly flat, with the Toronto Stock Exchange’s S&P/TSX composite index falling five points at 15,436.36 in early afternoon trading.
In New York, the Dow Jones industrial average was down a moderate 48…
