CIBC

Investing In Kids – CIBC Miracle Day

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This post is not a paid advertisement and is written to help bring awareness to CIBC Miracle Day on Wednesday, December 4th, 2013. Please show your support and make a difference in the lives of Canadian children and their families. What is Miracle Day? CIBC Miracle Day is an initiative with CIBC and CIBC Wood Gundy employees that dates back to 1984. The concept was simple. Branch manager Timothy Miller, along with a group of investment advisors at the 42nd Street branch, decided to donate their commissions for one day of business to children’s charities: “CIBC Miracle Day is an …

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Recent Buy: Bank of Montreal (BMO)

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The markets continued their decline this week, with the TSX breaking below the psychological 12,000 level. Although the losing streak appeared to take a turn upwards on Wednesday morning, many investors are still remaining on the sidelines.   Whether the markets will continue to decline in another sell-off, or continue on another Bull Run is anyone’s guess. When markets dip, it’s an opportune time to buy shares of companies on your watch list, or top-up current holdings. Having sold my index equity funds back in early March, I was delighted when markets began their decline this April. It presented an opportunity …

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Are Canadian Banks Overvalued?

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It seems these days that caution has been thrown to the wind, and investors have been looking for higher yields and even better returns on investment.  With blue chip stocks paying dividend yields higher than government bonds and some corporate bonds, it’s no wonder dividend stocks are the flavour of the month.  A lot of attention has been centered on the Canadian Banks lately, and with yields of 3.5% to 4.7%, these stocks are looking attractive to investors.  But with three of the six big banks trading near their 52 week highs, and all six trading at or near 2007 …

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