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
After a divorce, Patty, 49, sold her Toronto home for $1 million, and is finally financially independent. Living a frugal life, should this cleaner now put her money in the stock market? May 3rd
“I feel very lucky now but I endured a lot to get to financial independence,” Patty said. This includes working 60-hour weeks for most of her life, bouncing from home to home to help raise children, cook and clean..... More »
What are the fees for becoming a joint tenant on a parent’s property? + MORE Mar 26th
My dad owns a house and a condo. The condo is his primary residence and he rents out his home. The home has greater value. He wants to put me on as a joint tenant. What fees will have to be paid when he does that, or are fees paid upon his death?—Judson
Fees associated with joint tenancy
Tha.... More »
The Toronto effect: Sales and average prices for Canadian homes fell in February + MORE Mar 15th
Canada's housing market has taken a tumble in the past 12 months, with average selling prices and home sales volumes off sharply in the year up to February, the Canadian Real Estate Association says..... More »
What to expect for GICs in 2024 + MORE Nov 20th
In late 2020, major banks were offering 5-year guaranteed investment certificates (GICs) with rates of less than 1%. Now, just three years later, bank GIC rates for 5-year terms are over 4%. Some credit unions and trust companies are offering rates over 6% for short-term GICs, though 4- and 5-ye.... More »
CN Rail boosts earnings and spending outlook on robust demand and strong quarter Jul 25th
Canadian National Railway Co. has increased its earnings outlook and capital program for the year following a quarter that saw its net income increase 27 per cent in the last quarter compared with last year..... More »
Power Corp. activist investor Roustan shines light on poor performance
– theglobeandmail.com
In Mr. Roustan’s view, Power Corp. could double its stock price by focusing on its financial businesses and selling off the rest of its holdings
Toronto stock index pushes higher toward new record, Canadian dollar down
– canadianbusiness.com
Canada’s main stock index climbed closer to an all-time high Tuesday, boosted by a broad-based advance across most sectors.
The S&P/TSX composite index was up 49.38 points to 15,905.14, about 17.00 points shy of a new record finish.
“I think you’re seeing a broad participation in global equity markets. We’re seeing fund outflows from bond markets and fixed income and related asset classes,” said Sid Mokhtari, executive director at CIBC Capital Markets.
“I think that’s been the driver of equities, particularly in the U.S. and global equities in general. Money continues to roll out of bonds and move into stocks.”
In New York, the Dow Jones industrial average soared 167.80 points to 23,441.76, a new record high, with rallying shares of construction equipment maker Caterpillar Inc. and Post-it note maker 3M Co. responsible for almost all of the movement due to raised profit forecasts.
Meanwhile, the S&P 500 index inched up 4.15 points to 2,569…
The S&P/TSX composite index was up 49.38 points to 15,905.14, about 17.00 points shy of a new record finish.
“I think you’re seeing a broad participation in global equity markets. We’re seeing fund outflows from bond markets and fixed income and related asset classes,” said Sid Mokhtari, executive director at CIBC Capital Markets.
“I think that’s been the driver of equities, particularly in the U.S. and global equities in general. Money continues to roll out of bonds and move into stocks.”
In New York, the Dow Jones industrial average soared 167.80 points to 23,441.76, a new record high, with rallying shares of construction equipment maker Caterpillar Inc. and Post-it note maker 3M Co. responsible for almost all of the movement due to raised profit forecasts.
Meanwhile, the S&P 500 index inched up 4.15 points to 2,569…
Trust us, there will be NO job losses —today
– canadianbusiness.com
(Bombardier)We’ve seen this movie before so don’t assume a happy ending.
A foreign multinational snaps up a Canadian competitor to increase its global market share. At the time of the takeover the Canadian government and foreign buyer embark on a whitewashing exercise to make the deal palatable to Canadians.
Promises are made that jobs will not be cut, the new parent company will invest in plant and equipment and Canada will be a better place. Then a few years later come the broken promises and job cuts.
Just ask the employees at Stelco, Inco and Falconbridge. Or countless other companies abroad who have been snapped up by foreign competitors. It’s rarely a pretty sight and it almost always results in job losses.
The latest Canadian company to get caught in the crosshairs of a foreign buyout is Montreal’s Bombardier Inc.
Given the track record that foreign takeovers have in this country, it’s hard to believe Bombardier when it says that a proposed deal with Airbus to share the business of building and selling the CSeries line of jets (the company would retain its railway manufacturing assets) will result in no job losses…
Morneau’s U-turn: Great politics, terrible policy
– theglobeandmail.com
The Finance Minister’s surprise cut to the small-business tax rate will create a new financial incentive for professionals and others to incorporate
The close: TSX climbs within reach of all-time high as industrials rally
– theglobeandmail.com
Dow jumps with upbeat 3M, Caterpillar earnings
