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
Before BMO led stock sale for marijuana grower, CIBC lent money Jan 20th
CIBC led a $20-million credit facility extended to MedReleaf last April to help the cannabis company grow
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90 days - 1.75% + MORE Mar 8th
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..... More »
Beware of scary Brexit headlines pushing you to buy gold + MORE Jul 11th
If you thought the Brexit vote was scary, check out the full page newspaper ad that recently appeared in The New York Times recounting all the horrors in the present tense, as if they were still unfolding: The vote “topples” the British government, “crushes” the pound and “wipes away” b.... More »
Quick Facts About Investing in Silver + MORE Feb 23rd
As mentioned in a few of my older posts, diversification has always been the key to success of any financial portfolio. It’s important to diversify because several sectors in the global economy will move asynchronously in cycles experiencing downsides. Gold and silver both do not move along w.... More »
120 days - 1.75% + MORE Sep 7th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
Intact Financial, Mountain Province, Domtar and Allied Nevada are among the stocks we’re watching Monday.
Black Diamond Group signs four big housing contracts in Western Canada
– canadianbusiness.com
CALGARY – Black Diamond Group Ltd. (TSX:BDI) said Monday it has signed four large scale contracts to provide housing for workers on a variety of resource projects in Western Canada.
The contracts range from one to three years and are projected to generate $100 million in total revenue, the company said.
Black Diamond said it will spend about $20 million on new gear for the contracts that will also utilize equipment.
In an update to its guidance, the company said its results for the second quarter are expected to be moderately stronger than a year ago, but due to the annual seasonality and project sequencing gaps, they will be “significantly weaker” than the first quarter of the year.
“Management of the company anticipates strong financial results in the second half of 2013 and first half of 2014 based on new contracts and visibility of business development,” the company said in a statement.
Black Diamond provides remote housing and modular buildings as well as other services to the resource industry…
The contracts range from one to three years and are projected to generate $100 million in total revenue, the company said.
Black Diamond said it will spend about $20 million on new gear for the contracts that will also utilize equipment.
In an update to its guidance, the company said its results for the second quarter are expected to be moderately stronger than a year ago, but due to the annual seasonality and project sequencing gaps, they will be “significantly weaker” than the first quarter of the year.
“Management of the company anticipates strong financial results in the second half of 2013 and first half of 2014 based on new contracts and visibility of business development,” the company said in a statement.
Black Diamond provides remote housing and modular buildings as well as other services to the resource industry…
US stock market ends higher as rising mining stocks offset weak McDonald’s earnings
– canadianbusiness.com
NEW YORK, N.Y. – The U.S. stock market is closing at a record high despite a disappointing quarterly performance from McDonald’s.
A big week for corporate results began Monday with second-quarter earnings for the hamburger chain falling short of Wall Street’s expectations.
But the price of gold broke above the $1,300 mark for the first time in a month, and gave mining stocks a lift. Gold rose $43.10, or 3 per cent, to $1,336 an ounce.
The Standard & Poor’s 500 index rose three points to 1,695, a record high. The Dow Jones industrial average closed up one point to 15,545. The Nasdaq composite was up 12 points at 3,600.
McDonald’s says economic uncertainty for its customers weighed on results and it warned of a tough year ahead. The company’s stock price was down 2.7 per cent.
The post US stock market ends higher as rising mining stocks offset weak McDonald’s earnings appeared first on Canadian Business.
A big week for corporate results began Monday with second-quarter earnings for the hamburger chain falling short of Wall Street’s expectations.
But the price of gold broke above the $1,300 mark for the first time in a month, and gave mining stocks a lift. Gold rose $43.10, or 3 per cent, to $1,336 an ounce.
The Standard & Poor’s 500 index rose three points to 1,695, a record high. The Dow Jones industrial average closed up one point to 15,545. The Nasdaq composite was up 12 points at 3,600.
McDonald’s says economic uncertainty for its customers weighed on results and it warned of a tough year ahead. The company’s stock price was down 2.7 per cent.
The post US stock market ends higher as rising mining stocks offset weak McDonald’s earnings appeared first on Canadian Business.
Netflix’s second-quarter earnings more than quadrupled as the revival of the comedy series Arrested Development attracted more subscribers.
David Malpass: The Economy Is Showing Signs of Life
– online.wsj.com
Business loans, auto sales and hourly earnings are up. The Federal Reserve needs to exit from monetary extremes.
