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[ad_1] Analysts attributed this increase in share of purchases from Tier-II and -III cities to the migration of employees to smaller cities as organisations took to work from home. [ad_2] Source link

[ad_1] British, American challengers launch America's Cup yachts [ad_2] Source link

[ad_1] According to Icra, in H1FY21, the top five sectors — in terms of the count and the proportion of entities in the sector — that faced a negative rating action were textiles, real estate, hospitality, auto ancillaries and construction. [ad_2] Source link

[ad_1] Astros vs. Rays score: Live ALCS Game 6 updates as Houston looks to stave off elimination again  CBS sports.com Carlos Correa plays hero for Houston Astros with walk-off HR in ALCS Game 5  ESPN Rays vs Astros MLB playoffs picks for October 16  Covers Rays’ Ji-Man Choi SMASHES home run, unleashes epic bat flip to tie ALCS Game 5!  MLB Good news? Rays are hitting homers. Bad news? Everything else.  Tampa Bay Times View Full Coverage on Google News [ad_2]

[ad_1] Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of personal banking products and services. Finding the “best” is tricky, especially because it depends on the individual’s needs. Nonetheless, there are some standouts. In this article, we take a look at customer offerings from some of the best, so you can decide which works for your personal banking needs. Summary Best best banks in Canada Scotiabank — Best big bank Tangerine — Best for no-fee banking EQ Bank — Best for everyday savings PC Financial — Honourable mention The best big bank for everyday banking: Scotiabank Scotiabank was founded in 1832 and has since grown its assets to more than $850 billion, which puts it in the number three spot among the Big Five by asset size. For its customers, this translates into stability, a broad portfolio of financial products, and the convenience of thousands of physical bank branches and a network of more than 3,500 ATMs across Canada.  While any of the Big Five could claim similar advantages, Scotiabank shines in the details. They’ve created six different types of accounts with perks and benefits designed for Canadians at any stage of life. Customers under 18 years of age and students enrolled in a post-secondary institution can access its no-fee account. For adults, Scotia offers four options that balance banking needs and benefits, from the minimal Basic Banking Account at $3.95 per month, right up to the perk-laden Ultimate Account that lets you earn rewards and get credit card rebates, among other benefits, for $30.95 monthly.  Speaking of credit cards, Scotiabank carries 18, including some of the highest-earning rewards credit cards in Canada. As with their bank accounts, Scotiabank has cards tailored to a variety of Canadians, from those looking for a no-fee card, to travellers, to cash-back collectors. Notably, Scotiabank is the only Big Five bank to offer cards with no foreign transaction fees. In addition to everyday banking accounts and credit cards, Scotia provides mortgages, loans, and lines of credit. They even have their own investing platform and offer investment accounts including RRSPs and TFSAs.  One of the main benefits of banking with a Big Five bank is that you can keep all of your financial products with one, trusted institution. With this in mind, Scotiabank offers the widest variety with the best perks and benefits.  ATMs: 3,500+ Bank accounts: 6 Credit cards: 18 Other products: Mortgages; insurance; loans; lines of credit; RRSPs, TFSAs, and other types of investment accounts Compare Canada’s best chequing accounts Best bank for no-fee everyday banking: Tangerine Over the past several years, online-only banks have grown in popularity, appealing to many of the 76% of Canadians who do most of their banking digitally. Online-only banks operate their services through their website, on the phone, and on their phone apps. You don’t speak to a teller or visit a branch. Without having to meet the massive investment in those overhead costs, online-only banks have been able to offer customers no-fee everyday banking. Our favourite no-fee bank is Tangerine, an (almost) online-only bank that’s owned by Scotiabank. Although Tangerine is virtual, it does operate a handful of Tangerine Cafés in Canada’s largest cities (Toronto, Montreal, Calgary and Vancouver), where customers can get in-person advice and assistance. Tangerine’s No-Fee Daily Chequing Account gives you all of the functionality you’ll need for your everyday banking—for free. When you open an account you have to link it to an external account so you can transfer money in. Then you’ll receive a debit card that you can use to make purchases or withdraw money. All transactions take place online, on the phone, or at any of the more than 3,500 national Scotiabank ATMs (and 44,000 associated international ATMs), so you don’t have to visit a bank in person. With the No-Fee Chequing Account, you receive unlimited debit transactions and Interac e-transfers, as well as pre-authorized payments and bill payments.  The Tangerine chequing account does everything you need it to with no monthly fees, but this bank also offers savings accounts* (including RRSPs and TFSAs) and investment accounts such as GICs. And, even though they’re an online bank, they provide mortgages, loans, and lines of credit so you can take advantage of having all your accounts in one place. You can even operate a business account through Tangerine. Tangerine Money-Back Credit Card* Annual fee: $0 Earn rate: 2% cash back on up to 3 bonus categories of your choice; 0.5% on all other purchases Income requirement: $12,000 Additional benefits: Purchase assurance and extended warranty Get more details about the Tangerine Money-Back Card*   Finally, Tangerine has one of the best cash-back credit cards in Canada. The Tangerine MoneyBack Card lets you earn 2% cash back in up to three spending categories of 10: groceries, restaurants, hotel-motel, furniture, gas, recurring bill payments, home improvement, entertainment, drug store, or public transportation and parking. For those who earn a minimum of $60,000 annually (or $100,000 for the household), the World Mastercard adds Boingo Wi-Fi access, car rental and mobile device insurance, and Mastercard Airport Experiences. Neither card charges an annual fee.  ATMs: More than 3,500 Scotiabank ATMs in Canada and 44,000 Scotiabank-affiliated international ATMs; plus Tangerine Cafés in Toronto, Montreal, Calgary, and Vancouver No-Fee Daily Bank Account features: Free, unlimited debit transactions, Interac e-transfers, pre-authorized payments and bill payments Credit cards: 2  Other products: Savings account; RRSPs, TFSAs, and GICs; mortgages; insurance; loans and lines of credit Best bank for everyday savings: EQ Bank EQ Bank is an online-only bank owned by Equitable Bank, the ninth largest in Canada. EQ is an absolute standout for its high interest savings account. At 1.50%, EQ Bank’s Savings Plus Account  has a return of more than 30 times the regular

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[ad_1] Two women vie to lead New Zealand as polls open in general election [ad_2] Source link

[ad_1] The bank said provisions and contingencies more than doubled to Rs 592.06 crore in Q2, from Rs 251.77 crore in the year-ago period and Rs 394.62 crore in the June quarter. [ad_2] Source link

[ad_1] Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. 10 moat-y Canadian stocks that are on sale In investing terminology when a company is described as having a “moat,” that means it has a protective barrier, just as a moat around a castle would provide protection from invaders. A moat means a company has limited or virtually no competition. Depending on the level of moat, there are few, or virtually no companies attacking their revenues or profits. This article from Ruth Saldanha of Morningstar caught my eye: 10 Cheap Moat-y Canadian Stocks.  Morningstar identifies groups of companies with an economic moat and, in the best of conditions, a wide moat. The wide moat group is an exclusive lot, with Royal Bank of Canada, TD Bank, Enbridge, Canadian National Railway and CN Railway making the list.  From that post …  “Today we decided to look at Canadian stocks that are trading below our fair value estimates and also have an economic moat. 19 stocks made the list. We’ve listed the top 10 or them in the table below.”  Source: Morningstar data as of Oct. 6, 2020 On the banking sector and how Morningstar would differentiate the level of moat in the sector, the post notes…  “Royal Bank of Canada and Toronto Dominion are the two largest Canadian banks and they both tend to have the most dominant franchises at home. While their Canadian peers also produce decent returns, the individual franchises are often less strong in comparison. Toronto Dominion and RBC tend to have dominant market share in many categories, including number-one or number-two in share in most key retail banking products, in key commercial banking products, investment banking, and also key exposures to non-bank business such as wealth management.” Using moats can be a common consideration for investors. I use them myself for my concentrated Canadian stock portfolio. I hold three of those wide moat companies: Royal Bank, TD Bank and Enbridge. I also hold Scotiabank plus a few telcos and another pipeline. So far, I have no dividend cuts in 2020 while I have enjoyed some dividend increases.   From my research, all of the sectors with moats—banking, telcos, pipelines, the major grocery companies and railways—all beat the TSX Composite over the last 20 years. I am still surprised that there is no ETF for this strategy.  If you build your own stock portfolio, or are considering layering in some stocks with your ETF portfolio, you might consider that list from Ruth and Morningstar.  You’ll find some moats and generous earnings.  U.S. earnings projected to be “not as bad” It’s earnings season again. And that means it’s time to read the tea leaves. Earnings reports help us to get a true sense of the economic recovery that is in motion.  Here are some expectations from MarketWatch. The estimates in the following quote are with respect to the total earnings and sales trends for the total of S&P 500 constituents.  “S&P 500 companies’ overall earnings performance is expected to be less bad than the second quarter, when earnings fell the most since the 2008 financial crisis, according to FactSet data. The aggregate blended year-over-year growth estimate for S&P 500 earnings per share, which includes some earnings already reported and the average analyst estimates of coming results, is negative 20.5% as of Friday morning [Oct. 9, 2020], following a 31.4% plunge in the second quarter. “The third-quarter outlook does stand out a bit, however, as the current estimate of a 20.5% decline compares with the estimate of a 24.4% drop as of June 30. “Meanwhile, the outlook for sales is much better, with analyst expectations pointing to 3.5% decline overall, following a 9.2% drop in the second quarter.” While many have been critical of the concentration of big tech companies in the U.S. market (the cap-weighted S&P 500), MarketWatch suggests big tech could lift index earnings to new highs:  “Tech is expected to stay dominant when looking at the whole of the year, however, as Golub highlights that 52% of the S&P 500 by market capitalization is projected to record 2020 earnings per share above 2019 totals, driven by the tech sector’s size and performance.” In a cap-weighting methodology, the most valuable companies are given the most weight, so they have the greatest effect on the index.  Net-net for the third-quarter U.S, earnings season, things might be a little less bad compared to the second quarter. The economic recovery and prospects for stock earnings continue to improve. And we see that an index such as the cap-weighted S&P 500 was well positioned for the pandemic and new normal. Year-to-date that index is up 8%. Over a one-year period to October 15th, the index is up over 17%.  Patient investors who stayed the course have been rewarded.  These stats say no to a tech bubble On the concentration in tech, and on the tech sector in general, Nick Maggiulli, the chief operating officer of Ritholtz Wealth Management, says: No, this is not a repeat of the dot-com bubble.  From that post… “One big piece of evidence that suggests that we are not repeating the dot-com bubble is the much lower (yes, lower) growth rate of technology stocks compared to the late 1990s. For example, over the past five years the Nasdaq Composite has increased in value by 127%, which pales in comparison to the 456% growth in the Nasdaq during the heyday of the dot-com era.”  Source: YCharts (OfDollarsandData.com) “While most of the price changes in the late 1990s were driven by high expectations, far more of the price volatility seen today are driven by changes in improving fundamentals and earnings.” Maggiulli also adds…  “Investors in the late 1990s bid up prices very high, very quickly because they believed in a future where tech companies would dominate the economy and transform productivity and society. I don’t necessarily think these investors were wrong, but they were far too early. Today’s investors have a

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