2 stocks to rebalance your portfolio ahead of an interest rate hike

The coronavirus pandemic saw Canadians amass the largest excess cash ever in recorded history, reported a 2020 study by Canadian Imperial Bank of Commerce (CIBC). It estimated that households and businesses in the country are currently holding at l...

Summary Two back-to-back promising news on the COVID-19 vaccine have built positive sentiment among investors. Bank of Nova Scotia and The Toronto-Dominion Bank stocks have surged by over 2 per cent on the vaccine update. BNS stocks are up ove...

Summary The scrips of HIVE Blockchain Technologies Ltd gained 450+ per cent YTD. The Westaim Corporation has stakes in investment firms Arena and HIIG group. Founders Advantage Capital Corp generated revenue of C$15 million in Q2 2020. &nbs...

  The Canadian economy is likely to decline by 7.1 per cent in 2020, according to the latest International Monetary Fund (IMF) outlook report. Bank of Canada’s latest Business Outlook Survey indicates that the business sentiment is grim...

Summary The TSX financial index is down over 15 per cent year-to-date (YTD) while the TSX Venture financial index is down by over 16 per cent YTD. Manulife Financials stock declined by 28.75 per cent this year due to the impact of Covid-19 on ...

Summary Soaring bad loans amid the pandemic has forced big Canadian banks to create significant provisions for credit losses (PCL). The Toronto-Dominion Bank’s provision for credit loss was C$ 2.18 billion in its third quarter, while Bank...

Summary Toronto-Dominion Bank (TSX:TD) & Scotiabank (TSX:BNS) reported slump in Q3 2020 profits. Both the banks created significant provisions for bad loans, indicating a rather grim outlook for the rest of 2020. Lower spending and borrowi...

One of the largest banks in the United States, JP Morgan Chase was found engaged in placing manipulative trades in the secondary market, which consists of futures tied to precious metals and Treasury bonds. JP Morgan has been asked to pay a fine of...

The largest banks in Canada took a massive hit when the markets tanked amid the coronavirus pandemic in March. As they accommodated central bank’s lowered interest rates and deferred loan payments, substantial provisions for credit losses wer...

Summary The top banks of Canada bore the brunt of massive credit losses in the light of the COVID-19 pandemic. The S&P/TSX Banks Index declined 13.18 per cent year-to-date. Stocks of Canadian Imperial Bank Of Comme...