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
2022 Income Tax Guide for Canadians: Deadlines, tax tips and more Feb 7th
It’s been quite a year for numbers, hasn’t it? From rising interest rates to steep stock market drops, finances have been headline news throughout 2022. It’s almost enough to make you forget about tax season. But with the tax deadline approaching, you have a few reminders (see the dates below).... More »
Tech stock sell-off pushes markets lower Nov 12th
A steep drop in technology companies sent U.S. stocks sharply lower Monday, knocking off more than 600 points from the Dow Jones Industrial Average..... More »
Are you a high earner with no money to spare? Follow these 5 tips to help you stop living hand to mouth and grow your long-term wealth Nov 9th
High Earners Not Rich Yet make better-than-average-incomes, but often spend everything they earn, writes Lesley-Anne Scorgie. There is a way out to grow true wealth..... More »
How the Dow Jones industrial average and other major indexes fared on Friday + MORE May 23rd
The stock market capped a quiet week of trading on a down note on Friday. Major indexes fell from the start as oil drillers and other energy-related companies followed oil prices lower. Stocks spent much of the rest of the day drifting between losses and gains as investors considered a mixed bag cor.... More »
'Just quietly benefiting from it': Toronto real estate investors deny they're driving up the market + MORE Nov 7th
Some observers have suggested that domestic investors in Toronto are partially responsible for driving up prices in the hot housing market, making it difficult for prospective home buyers..... More »
5.5 year – 3.00%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
The State of Risk Profiling in Canada – Ouch!
– http://canadianfinancialdiy.blogspot.ca
FinaMetrica provides a risk profiling tool to the financial advisory industry worldwide and a version to individual consumers. Here is what they had to say about the state of affairs in Canada in Risk Profiling: Art and Science:”… In countries like Canada, the regulator appears to be significantly behind many other countries. The regulatory framework in Canada is complicated with disputes between the provinces and federal government over jurisdiction and a recent Supreme Court decision recently delayed or derailed attempts at a single regulator. Regulation of mutual funds, stock brokers, banks and insurance firms all fall under different regulatory bodies in Canada further complicating the picture. The investment regulators in Canada are still substantially focused on product level risk assessments with little or no framework to look at the client holistically.”Sadly, not very flattering.
Continue Reading On http://canadianfinancialdiy.blogspot.ca »
Shorting stocks through options
– IntelligentSpeculator.net
Through my long and short technology stocks, I very frequently end up shorting tech stocks. For various reasons, many investors cannot or prefer to not short the stocks. Why? There are several possible reasons:
-Account Type Does Not Permit it: If you have a retirement account a cash account, you are likely unable to short stocks.
-Avoiding Excessive Risk: If you have ever considered shorting stocks, you would probably know that the potential loss on such a trade is basically unlimited. In reality, no stock will go to infinity overnight but it still gives you a good idea that such a trade can end up going awfully wrong.
-Expensive or Impossible Borrow: A reader had emailed me a few weeks ago saying that some of the stocks that I was shorting were basically impossible to borrow with his broker. In some cases, while the borrow is possible, the costs are so excessive that it’s not something you’d really consider doing.
What Can Be Done?
If someone is trying to do a trade such as Long Apple (AAPL) and short Microsoft (MSFT) but cannot or will not short Microsoft, one alternative would be to trade the options…
-Account Type Does Not Permit it: If you have a retirement account a cash account, you are likely unable to short stocks.
-Avoiding Excessive Risk: If you have ever considered shorting stocks, you would probably know that the potential loss on such a trade is basically unlimited. In reality, no stock will go to infinity overnight but it still gives you a good idea that such a trade can end up going awfully wrong.
-Expensive or Impossible Borrow: A reader had emailed me a few weeks ago saying that some of the stocks that I was shorting were basically impossible to borrow with his broker. In some cases, while the borrow is possible, the costs are so excessive that it’s not something you’d really consider doing.
What Can Be Done?
If someone is trying to do a trade such as Long Apple (AAPL) and short Microsoft (MSFT) but cannot or will not short Microsoft, one alternative would be to trade the options…
Stillwater Mining chalks up $201 million loss after value of Argentina copper reserve slashed
– canadianbusiness.com
BILLINGS, Mont. – Stillwater Mining Co. reported a net loss of $201.5 million for the latest quarter after slashing the value of its copper reserve in Argentina, but company executives said Wednesday its underlying financial results are good.
The Billings-based company announced Tuesday that it had reduced the value of the Altar copper and gold project by $290 million to $102 million. The company in part cited economic and regulatory uncertainty in Argentina as a drag on its investment in the country.
“The business climate in Argentina has clouded the outlook,” Stillwater interim CEO Terrell Ackerman said in a conference call with investors Wednesday.
The precious metals mining company acquired the Altar reserve in 2011 as the centerpiece of a $487 million cash and stock purchase of Peregrine Metals Ltd.
Stillwater will continue to have a presence in Argentina, but it will take some time to determine its long-term direction with the project, which should be coming out early in 2014, Ackerman said…
The Billings-based company announced Tuesday that it had reduced the value of the Altar copper and gold project by $290 million to $102 million. The company in part cited economic and regulatory uncertainty in Argentina as a drag on its investment in the country.
“The business climate in Argentina has clouded the outlook,” Stillwater interim CEO Terrell Ackerman said in a conference call with investors Wednesday.
The precious metals mining company acquired the Altar reserve in 2011 as the centerpiece of a $487 million cash and stock purchase of Peregrine Metals Ltd.
Stillwater will continue to have a presence in Argentina, but it will take some time to determine its long-term direction with the project, which should be coming out early in 2014, Ackerman said…
Japan’s finance minister pledged to crack down on lenders that fail to sever links with organized crime as lawmakers grilled him Wednesday over mob loans by banks and other financial institutions.
