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
Making sense of the markets this week: April 28, 2024 + MORE Apr 26th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Google starts paying out
Several big tech names made waves this week, but for very different reasons.
Tech earnings .... More »
'Makes no sense': New Brunswick man loses his 'free-the-beer' fight - CBC.ca Apr 20th
CBC.ca'Makes no sense': New Brunswick man loses his 'free-the-beer' fightCBC.caAfter a five-year legal battle, a New Brunswick man has lost his bid to be able to stock up on cheap beer in neighbouring Quebec. But the provincial government is hinting it will look at easing limits .... More »
RBC joins ranks of global banks deemed ‘too big to fail’ + MORE Nov 21st
Bank has been added to the list of 30 global systemically important banks by the Financial Stability Board of international regulators
.... More »
AltaGas selling assets in Canada and the U.S. for $560 million Sep 10th
AltaGas says the proceeds from the sales will be used to repay debt related to its acquisition of Washington, D.C.-based energy utility company WGL Holdings, Inc., which closed in July..... More »
6 partial bitumen upgrading projects worth $5B on shortlist for Alberta government support, Notley says + MORE Nov 22nd
Alberta Premier Rachel Notley says her government is close to finalizing investment deals on six projects for partial upgrading of oilsands bitumen that will be worth nearly $5 billion and create hundreds of long-term jobs..... 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
