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
How to be a better investor Feb 26th
For both beginner and experienced investors, focusing on a few basic guidelines can make the difference between good results and great ones. Whether you’re investing in a taxable account or a tax-sheltered account like a registered retirement savings plan (RRSP), doubling down on the basics can he.... More »
At the open: Dow nears 20,000, Nasdaq hits record + MORE Dec 27th
Apple top stock on all three indexes; Biogen up after FDA clears muscular atrophy drug
.... More »
Are low interest rates doing more harm than good? + MORE Jul 15th
Mark Carney was oddly framed by TV cameras when he made his hasty post-Brexit address the morning after the United Kingdom voted to leave the European Union. Standing behind a lectern, but in front of an open doorway, the governor of the Bank of England appeared as though trapped inside a box. It wa.... More »
Tesla's Q1 net income down 55% year over year - CBC News + MORE Apr 23rd
Tesla's Q1 net income down 55% year over year CBC NewsTesla shares jump 11% after Musk says company aims to start production of affordable new EV by early 2025 CNBCTesla's shift on low-cost cars throws Mexico, India factory plans into limbo Yahoo Canada FinanceTesla .... More »
Should Canadians keep their investment accounts when retiring abroad? Jan 23rd
Ask MoneySense
If I retire in Europe, can I maintain my current investment accounts and is it tax efficient to keep my accounts in Canada or move them to Europe?—Aida
How non-resident retirees are taxed in Canada and abroad
Canadian residents are taxable on their worldwide income. Upon .... More »
Lululemon says Q4 revenue, profit will be below internal, analyst estimates
– canadianbusiness.com
VANCOUVER – Shares of Lululemon Athletica inc. (Nasdaq:LULU) are under pressure following a warning to investors from the fashion retailer, which says its sales have been below target since December.
The Vancouver-based company says it now expects its fourth-quarter revenue and profit will be significantly lower than its previous estimate.
Its shares fell about nine per cent in pre-market trading after the warning.
Lululemon’s stock closed Friday at US$59.60 on the Nasdaq market and were down about $5.32 shortly after the warning.
Analysts had been expecting Lululemon’s actual results to be slightly above the company’s previous guidance.
Lululemon’s new revenue range is between US$513 million and US$518 million, about $22 million lower than the previous guidance.
The company’s new estimate for diluted earnings per share is between 71 and 73 cents per share, a reduction of seven cents.
Analysts had estimated 79 cents per share of adjusted earnings, according to Thomson Reuters…
The Vancouver-based company says it now expects its fourth-quarter revenue and profit will be significantly lower than its previous estimate.
Its shares fell about nine per cent in pre-market trading after the warning.
Lululemon’s stock closed Friday at US$59.60 on the Nasdaq market and were down about $5.32 shortly after the warning.
Analysts had been expecting Lululemon’s actual results to be slightly above the company’s previous guidance.
Lululemon’s new revenue range is between US$513 million and US$518 million, about $22 million lower than the previous guidance.
The company’s new estimate for diluted earnings per share is between 71 and 73 cents per share, a reduction of seven cents.
Analysts had estimated 79 cents per share of adjusted earnings, according to Thomson Reuters…
BMW has record 2013, keeps lead over Mercedes, Audi in luxury category
– canadianbusiness.com
FRANKFURT – Luxury carmaker BMW AG has posted record sales for 2013, keeping its No. 1 spot in the market for high-priced cars against its German competitors Audi and Mercedes.
The Munich-based company said Monday it sold 1.66 million vehicles under the BMW brand, 7.5 per cent more than last year.
The figure was boosted by strong sales of the brand’s mainstay 3-series sedan and X1 small SUV as well as by rising demand in China and the United States. Sales of the 3-series rose 23 per cent.
Volkswagen AG’s Audi division last week reported sales of 1.57 million last year and Daimler AG’s Mercedes-Benz brand came in at 1.46 million. The three carmakers are pillars of Germany’s export-focused economy and have reaped fat earnings selling luxury cars and SUVs — which earn higher profits per vehicle than mass-market vehicles — in the United States and in emerging markets, led by China.
The competition among the three heats up Monday at the start of the North American International Auto Show in Detroit, where Mercedes is introducing a new version of its C-Class that will compete with the BMW 3-series…
The Munich-based company said Monday it sold 1.66 million vehicles under the BMW brand, 7.5 per cent more than last year.
The figure was boosted by strong sales of the brand’s mainstay 3-series sedan and X1 small SUV as well as by rising demand in China and the United States. Sales of the 3-series rose 23 per cent.
Volkswagen AG’s Audi division last week reported sales of 1.57 million last year and Daimler AG’s Mercedes-Benz brand came in at 1.46 million. The three carmakers are pillars of Germany’s export-focused economy and have reaped fat earnings selling luxury cars and SUVs — which earn higher profits per vehicle than mass-market vehicles — in the United States and in emerging markets, led by China.
The competition among the three heats up Monday at the start of the North American International Auto Show in Detroit, where Mercedes is introducing a new version of its C-Class that will compete with the BMW 3-series…
TSX to head lower amid major acquisition activity – CTV News
– news.google.ca
CTV NewsTSX to head lower amid major acquisition activityCTV NewsTORONTO — The Toronto stock market headed for a lower open Monday amid major acquisition activity and a revenue and profit warning from athletic wear retailer Lululemon Athletica. The Canadian dollar declined further in the wake of Friday's …TSX may open lower; US payrolls data dragsReuters CanadaGoldcorp offering to buy Osisko in stock and cash deal worth $2.6 billionMontreal GazetteGoldcorp launches hostile $2.6-billion bid for Osisko MiningThe Globe and MailFinancial Post -Bloomberg -MINING.comall 22 news articles »
How a Falling Loonie Affects US Equity ETFs
– CanadianCouchPotato.com
Over the last year the loonie has declined significantly relative to the US dollar: the currencies were at par early last February, but the Canadian dollar closed under $0.92 US on January 10. That has been a benefit for Canadians who hold US equities: not only did the stocks deliver huge returns in their local currency in 2013, but we got a further boost thanks to the appreciation of the US dollar.Unfortunately, the drop in our dollar has encouraged some ETF investors to attempt to exploit a buying opportunity. Trying to make currency plays is foolish at the best of times, but it’s especially unwise if you don’t fully understand how currency exposure works.
Meet Gerry, who uses the Vanguard S&P 500 (VOO) to get exposure to US stocks. This ETF is listed on the New York Stock Exchange and trades in US dollars. With the greenback riding high, Gerry plans to sell VOO and use the proceeds to buy an equivalent fund listed on the TSX: the Vanguard S&P 500 (VFV). Gerry tells his friends he’s selling US dollars high and buying Canadian dollars low while keeping his equity exposure the same…
Thai protesters create huge traffic jam to shut capital – USA TODAY
– news.google.ca
Wall Street JournalThai protesters create huge traffic jam to shut capitalUSA TODAYBANGKOK (AP) — Anti-government protesters seized key intersections across Thailand's capital on Monday, blockading major roads into the heart of Bangkok's downtown districts at the start of a renewed push to derail elections next month and overthrow …Thai protesters threaten to seize stock exchangeMarketWatchBangkok shutdown as anti-government protest takes holdeuronewsPeaceful Protests Boost Thai StocksWall Street Journal (blog)BDlive -The Times (subscription) -San Francisco Chronicleall 1,156 news articles »
