Financial
Mutual fund asset increases by 0.7% in June 2024: IFIC Reports
July 24, 2024 04:06 PM AEST| By Team Kalkine MediaThe Investment Funds Institute of Canada (IFIC) has released its investment fund net sales and net assets data for June 2024. At the end of the month, mutual fund assets reached $2.073 trillion, representing an increase of $14.2 billion or 0.7% from...
Tech Woes Trigger Market Slump Amid Global Earnings Disappointments
July 24, 2024 02:00 PM AEST| By Team Kalkine MediaSummary:,- Big Tech's underperformance affects markets, with declines in Tesla, Alphabet, and the Nasdaq Composite.,- Europe's luxury stocks and Deutsche Bank shares fall after disappointing results.,- IBM, Chipotle, and Ford's results are anticipate...
Bank of Canada slashes rate to 4.5%, flags downside risks ahead
July 24, 2024 02:00 PM AEST| By Team Kalkine MediaThe Bank of Canada (TSX:NA) cut interest rates by a quarter percentage point for a second consecutive meeting and signaled further easing ahead as inflation concerns abate.,Led by Governor Tiff Macklem, policymakers reduced the benchmark overnight ra...
A&W (TSX: AW.UN) Announces Strategic Combination with A&W Food Services of Canada
July 23, 2024 03:57 PM AEST| By Team Kalkine MediaA&W Revenue Royalties Income Fund (TSX: AW.UN) and A&W Food Services of Canada Inc. have announced a strategic combination to form a new publicly traded growth-focused quick service restaurant (QSR) franchisor, named A&W Food Services NewCo. This tra...
TD Bank Stock: A Long-Term Investment Opportunity Worth the Risk
July 23, 2024 02:00 PM AEST| By Team Kalkine MediaInvestors seeking stable and rewarding dividend stocks often look to Toronto-Dominion Bank (TSX:TD) on the TSX. Despite recent challenges, TD’s dividend performance and future prospects make it an appealing option for those focused on income generati...
Building a Secure Retirement: Maximizing Your Savings with RRSPs and Dividend Stocks
July 23, 2024 04:03 AM AEST| By Team Kalkine MediaPensions such as the Canada Pension Plan (CPP) and Old Age Security (OAS) are crucial for providing financial support throughout retirement, but they are only partial replacements for pre-retirement income. Recognizing the need for more robust retire...
goeasy (TSX: GSY). Expands Credit Facility to $550 Million, Extends Term and Adds Lenders
July 22, 2024 04:45 PM AEST| By Team Kalkine Mediagoeasy Ltd. (,TSX: GSY,), a leading Canadian consumer lender specializing in non-prime credit solutions, has successfully completed an amendment to increase its senior secured revolving credit facility (the "Credit Facility"). This enhancement includ...
CIRO Releases 2023-2024 Enforcement Report Highlighting Commitment to Investor Protection and Market Integrity
July 17, 2024 04:04 PM AEST| By Team Kalkine MediaThe Canadian Investment Regulatory Organization (CIRO) has published its 2023-2024 Enforcement Report, reaffirming its dedication to protecting investors, enhancing industry standards, and maintaining market integrity through fair and effective enfor...
Two Canadian Financial Stocks with Long-Term Potential
July 16, 2024 08:20 PM AEST| By Team Kalkine MediaInvesting in the stock market can feel intimidating, especially with a limited budget. However, starting with just $100 can set you on the path to building a strong investment portfolio. Today, we'll explore two recommended,TSX financial stocks,that...
TSX Financial Stock to Watch This Month
July 16, 2024 08:10 PM AEST| By Team Kalkine MediaInvestors looking for stable income and growth potential should keep an eye on Firm Capital Mortgage (TSX:FC), a prominent,TSX financial stock,. Over the past year, FC shares have risen by 9%, supported by a robust 8.3% dividend yield. As interest ra...
Top TSX Stock to Maximize Your Investment Today
July 15, 2024 02:00 PM AEST| By Team Kalkine MediaLooking for the Ultimate TSX Stock to Buy and Hold for Decades? This,Dividend,-Paying Powerhouse is Your Answer!,When it comes to building a strong portfolio, there are countless stocks to choose from. But if you're seeking the ultimate,TSX stock,tha...
Royal Bank of Canada (TSX: RY) Announces Key Executive Appointments Post-HSBC Acquisition
July 12, 2024 11:10 AM AEST| By Team Kalkine MediaThe Royal Bank of Canada (TSX: RY) and (NYSE: RY) has unveiled significant executive appointments to drive its next phase of growth following the acquisition of HSBC Bank Canada. These changes, effective September 1, 2024, are designed to leverage RB...
Candace Laing to Lead Canadian Chamber of Commerce as New President and CEO
July 11, 2024 06:29 PM AEST| By Team Kalkine MediaOn September 1, Candace Laing will assume the role of President and CEO of the Canadian Chamber of Commerce, the largest business network in Canada. Ms. Laing brings a wealth of experience from both the private and public sectors, making her well-equ...
team.blue Welcomes Significant Investment from CPP Investments
July 11, 2024 06:27 PM AEST| By Team Kalkine Mediateam.blue, Europe's foremost digital enabler for entrepreneurs and small to medium-sized businesses (SMBs), has announced a substantial investment from Canada Pension Plan Investment Board (CPP Investments). This strategic investment positions team.b...
iA Financial Group (TSX: IAG) Invests CAD10 Million in Clutch Technologies Inc. to Enhance Online Vehicle Sales
July 08, 2024 06:24 PM AEST| By Team Kalkine MediaiA Financial Group (TSX: IAG) has announced a strategic investment of CAD10 million in Clutch Technologies Inc., a prominent player in the online sales of pre-owned vehicles in Canada. This partnership aims to bolster iA Financial Group's capabilitie...
Goeasy (TSX: GSY) Announces Leadership Transition as Jason Mullins Steps Down as CEO
July 05, 2024 03:11 PM AEST| By Team Kalkine MediaGoeasy Ltd. (,TSX: GSY,), a leading consumer lender in Canada specializing in financial services for individuals with non-prime credit, has unveiled a significant leadership transition plan. Jason Mullins, the current President and Chief Executive Of...
Payments Canada Appoints Susan Hawkins as President and CEO
July 01, 2024 11:39 AM AEST| By Team Kalkine MediaThe Payments Canada Board of Directors has announced the appointment of Susan Hawkins as the new President and CEO, effective August 12, 2024. This strategic move aims to strengthen Payments Canada’s leadership as it continues to modernize the nation...
Shell Announces Final Investment Decision for Polaris and Atlas Carbon Capture Projects
July 01, 2024 11:38 AM AEST| By Team Kalkine MediaShell Canada Products, a subsidiary of Shell plc, has announced the Final Investment Decision (FID) for the Polaris carbon capture project at the Shell Energy and Chemicals Park in Scotford, Alberta, Canada. Polaris is designed to capture approximate...
Royal Bank of Canada (TSE: RY) Expects Continued Easing in Canadian Inflation Rates
June 24, 2024 04:11 PM AEST| By Team Kalkine MediaThe Royal Bank of Canada (TSE: RY) anticipates that the Canadian inflation figures set to be released on Tuesday, June 25, 2024, will indicate a further reduction in price pressures. The consumer price index (CPI) growth is projected to decrease to 2...
This Cryptocurrency Stock Soared 8% This Week
June 14, 2024 02:23 PM AEST| By Team Kalkine MediaCryptocurrency stocks often experience significant fluctuations due to the volatile nature of Bitcoin (,CRYPTO:BTC,) and other digital assets. Galaxy Digital, a key player in the crypto space, is no exception. Recently, its shares rose by 8% only to...