Revenues up slightly in first quarter
Toronto stocks moved down Tuesday, as falling resources prices weighed down the broader market and investors took in the Bank of Canada’s decision to hold the line on interest rates. The S&P/TSX composite index fell 111.02 points, or 0.79%, to 13,962.72. The central bank announced that it would leave the key overnight rate at 4.25%, […]
Signs point to mid-July launch
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4.25%. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4.5%.The Canadian dollar jumped above the US93¢ level after the central bank signalled that inflation pressures may lead to higher interest rates […]
Rising gasoline prices fuel inflation fears
Five funds feature lower-than-average MERs
I was six when they dug the huge hole in the field beside our house. And I must say, my brother and I thought it was pretty cool living next door to a construction site.There were big piles of dirt to scale and, later, large pipes to use as forts with the other kids in […]
Just because you can do something doesn’t mean you should. That’s the lesson all Canadian bankers have learned this past month, courtesy of Bank of Montreal’s commodities traders. But there’s another lesson that must be heeded by everyone in the financial services industry: things can get awfully risky when you aren’t paying attention.BMO’s buttoned-down bankers […]
RBC Direct Investing today announced it will offer certain RBC Funds with a new lower-priced option for do-it-yourself investors. A preliminary prospectus filed by RBC Asset Management yesterday indicated that over 40 RBC Funds will be available exclusively at RBC Direct Investing in a new Series D.Series D units will be for investors who want […]