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 buy Solana (SOL) in Canada Sep 25th
As cryptocurrencies become more mainstream, investors are looking beyond bitcoin and ether to get in on the action. These two coins still command the lion’s share of the $2.36-trillion global crypto market (all figures in U.S. dollars), but as they increasingly move in sync with stock markets, som.... More »
Real estate brokers ready to unleash secretive home sales data to public + MORE May 9th
The era of real estate agents guarding coveted sales data may be coming to an end, at least in Toronto. That’s what some brokers predict, and in anticipation they’re readying to release online once-protected industry information — namely, the actual selling price of homes..... More »
Air Canada says its new loyalty program will help to increase share price further + MORE Apr 30th
Air Canada's move to launch its own loyalty program in 2020 will help to attract more foreign investors who will bolster its stock price, CEO Calin Rovinescu said Monday..... More »
Rallying gold and oil prices give TSX a triple digit boost, loonie strengthens + MORE Feb 14th
TORONTO _ Surging gold and oil prices helped give Canada’s main stock index a triple-digit boost, as the loonie strengthened against a weakening greenback.
The S&P/TSX composite index advanced 111.80 points to 15,328.27, led by strong gains in the gold, base metals, materials and energy se.... More »
Cannabis producer Aphria fights back against short seller — but it's not enough to stop the stock slide + MORE Dec 4th
Shares in Canadian cannabis company Aphria Inc. plunged for the second day in a row as the company fought back against allegations from a short seller that its recent slew of overseas takeovers are worthless and designed only to enrich company insiders..... More »
Coat maker Moose Knuckles accused of misleading ‘made-in-Canada’ claims
– theglobeandmail.com
Competition Bureau is seeking a financial penalty from the company and restitution for customers over allegations
Scotiabank job cuts spread to wealth management arm
– theglobeandmail.com
Restructuring targets ScotiaMcLeod retail adviser network
What Wall Street analysts are saying about Apple’s ugly quarter
– theglobeandmail.com
Latest earnings release draws concern
Italian carrier Alitalia considers Air Malta purchase
– canadianbusiness.com
MILAN – Italian airline Alitalia says it is considering buying a 49 per cent stake in Air Malta.
Alitalia, which is controlled by Abu Dhabi carrier Etihad Airways, signed a memorandum of understanding Wednesday with the Maltese government to launch due diligence on a possible deal. Alitalia CEO Cramer Ball said any deal would not hurt Alitalia’s three-year re-launch, which includes the goal of returning to profit by 2017.
Malta tourism minister Edward Zammit Lewis said Air Malta will cease talks with other airlines, and that financial details of a possible deal are still to be determined. No deadline has been set.
Loss-making Air Malta is in the last year of a five-year restructuring plan agreed with the European Commission in return for approval of 130 million euros in state aid.
The post Italian carrier Alitalia considers Air Malta purchase appeared first on Canadian Business – Your Source For Business News.
Alitalia, which is controlled by Abu Dhabi carrier Etihad Airways, signed a memorandum of understanding Wednesday with the Maltese government to launch due diligence on a possible deal. Alitalia CEO Cramer Ball said any deal would not hurt Alitalia’s three-year re-launch, which includes the goal of returning to profit by 2017.
Malta tourism minister Edward Zammit Lewis said Air Malta will cease talks with other airlines, and that financial details of a possible deal are still to be determined. No deadline has been set.
Loss-making Air Malta is in the last year of a five-year restructuring plan agreed with the European Commission in return for approval of 130 million euros in state aid.
The post Italian carrier Alitalia considers Air Malta purchase appeared first on Canadian Business – Your Source For Business News.
Tech companies drag US stocks lower following Apple earnings
– canadianbusiness.com
NEW YORK, N.Y. – U.S. stocks are falling Wednesday morning trading as tech stocks post sharp declines following weak results from Apple and Twitter. Utility companies are rising as bond yields fall.
KEEPING SCORE: The Dow Jones industrial average dipped 48 points, or 0.3 per cent, to 17,942 as of 11:08 a.m. The Standard & Poor’s 500 index fell 7 points, or 0.3 per cent, to 2,084. The Nasdaq composite index dropped 53 points, or 1.1 per cent, to 4,835.
TECH TROUNCED: Apple fell $6.62, or 6.3 per cent, to $97.73 after reporting its first decline in iPhone sales. Apple also reported its first decline in quarterly revenue since 2003 and forecast similar results in the current quarter. Twitter dropped $2.61, or 14.7 per cent, to $1.14. The company’s first-quarter revenue fell short of expectations and its guidance disappointed investors.
MEDICAL DEVICES: Boston Scientific climbed $1.86, or 9.4 per cent, to $21.55 after it swung to a profit in the first quarter, and earnings and sales were better than expected…
KEEPING SCORE: The Dow Jones industrial average dipped 48 points, or 0.3 per cent, to 17,942 as of 11:08 a.m. The Standard & Poor’s 500 index fell 7 points, or 0.3 per cent, to 2,084. The Nasdaq composite index dropped 53 points, or 1.1 per cent, to 4,835.
TECH TROUNCED: Apple fell $6.62, or 6.3 per cent, to $97.73 after reporting its first decline in iPhone sales. Apple also reported its first decline in quarterly revenue since 2003 and forecast similar results in the current quarter. Twitter dropped $2.61, or 14.7 per cent, to $1.14. The company’s first-quarter revenue fell short of expectations and its guidance disappointed investors.
MEDICAL DEVICES: Boston Scientific climbed $1.86, or 9.4 per cent, to $21.55 after it swung to a profit in the first quarter, and earnings and sales were better than expected…
