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
In Your Corner: So you need to start building an emergency fund. What’s the best way? Aug 30th
Emergencies are not to be confused with unexpected costs, says financial expert Jason Heath. Those should be built into your budget..... More »
Bank, energy shares pull TSX lower in choppy trade - Reuters Canada + MORE Mar 4th
Financial PostBank, energy shares pull TSX lower in choppy tradeReuters CanadaTORONTO (Reuters) - Canada's main stock index fell in volatile trading on Wednesday as shares of banks declined after recent quarterly earnings reports and energy shares slipped after the price of crude oil dropped. B.... More »
Canadian dollar, TSX gain strength Wednesday as oil price rises - Montreal Gazette + MORE Jan 27th
The Globe and MailCanadian dollar, TSX gain strength Wednesday as oil price risesMontreal GazetteTORONTO - The Canadian dollar and Toronto Stock Exchange gained strength as Wednesday's trading session progressed. The S&P/TSX composite index had been down shortly after the open but was up 13.... More »
Financial Freedom Target: Age 50 + MORE Aug 10th
Learn, save, invest and prosper with My Own Advisor.
I don’t believe I’ve ever shared an age-related date in a post on my site about our financial journey – until now. Inspired by Robb’s post here today’s post highlights some of our lofty financial milestones in the coming seven years.
.... More »
Creating a will is the “adulting” milestone you need to hit this year Jul 17th
When it comes to self-improvement, most of us have a hard time with follow-through—and whether you stuck to your Keto diet or not, there are likely items on your financial to-do list that just never get crossed off. One of the easy actions to delay is creating a will. After all, no one wants to th.... More »
How to Revive McDonald's
– online.wsj.com
With fourth-quarter earnings dropping 21% and global sales down, the company needs a back-to-basics turnaround.University of British Columbia faculty urge school to divest of fossil fuels
– canadianbusiness.com
VANCOUVER – Faculty members at the University of British Columbia have thrown their support behind a campaign for a fossil-fuel-free investment portfolio.
The university’s professors, librarians and program directors voted 62 per cent in favour of urging the school’s board of governors to sell off its holdings related to fossil fuels within the next five years.
The motion announced Tuesday also calls on the governors to stop any new fossil fuel-related investments.
“Last year UBC students voted overwhelmingly. This year UBC faculty has,” said George Hoberg, a forestry professor and outspoken advocate of divestment.
“It’s time for UBC to take some action on divestment.”
Investments tied to oil, gas and coal companies make up about 10 per cent of the university’s $1.3-billion endowment fund.
“UBC is a place of academic dialogue and debate and we welcome our faculty members’ interest in our investment policies,” said university spokeswoman Susan Danard in a written statement, adding that any decision on what to do with the endowment fund rests with the board of governors…
The university’s professors, librarians and program directors voted 62 per cent in favour of urging the school’s board of governors to sell off its holdings related to fossil fuels within the next five years.
The motion announced Tuesday also calls on the governors to stop any new fossil fuel-related investments.
“Last year UBC students voted overwhelmingly. This year UBC faculty has,” said George Hoberg, a forestry professor and outspoken advocate of divestment.
“It’s time for UBC to take some action on divestment.”
Investments tied to oil, gas and coal companies make up about 10 per cent of the university’s $1.3-billion endowment fund.
“UBC is a place of academic dialogue and debate and we welcome our faculty members’ interest in our investment policies,” said university spokeswoman Susan Danard in a written statement, adding that any decision on what to do with the endowment fund rests with the board of governors…
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
Canadian Western Bank selling property, casualty business to Intact for $197M
– canadianbusiness.com
EDMONTON – Canadian Western Bank Group (TSX:CWB) is selling its property and casualty insurance business to Intact Financial Corp. (TSX:IFC) for $197 million in cash.
The bank, which describes the deal as a refinement of its long-term growth strategy, says the selling price for Canadian Direct Insurance is about 2.5 times the net book value of the subsidiary as of Oct. 31.
“This transaction is the result of a purposeful strategic assessment that we started over a year ago,” CWB president and CEO Chris Fowler said in a statement issued Tuesday after markets closed.
“Our strategic direction is to increase the depth and breadth of client relationships through a focus on our core business banking platform with complementary financial services in personal banking, equipment finance and leasing, alternative mortgages, wealth management and trust services.”
Fowler said those core areas provided the best opportunities to drive “meaningful future growth” while the insurance business was “much less strategically aligned…
The bank, which describes the deal as a refinement of its long-term growth strategy, says the selling price for Canadian Direct Insurance is about 2.5 times the net book value of the subsidiary as of Oct. 31.
“This transaction is the result of a purposeful strategic assessment that we started over a year ago,” CWB president and CEO Chris Fowler said in a statement issued Tuesday after markets closed.
“Our strategic direction is to increase the depth and breadth of client relationships through a focus on our core business banking platform with complementary financial services in personal banking, equipment finance and leasing, alternative mortgages, wealth management and trust services.”
Fowler said those core areas provided the best opportunities to drive “meaningful future growth” while the insurance business was “much less strategically aligned…
