|Bid||105.16 x 0|
|Ask||105.17 x 0|
|Day's Range||104.22 - 105.31|
|52 Week Range||90.10 - 107.91|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||12.00|
|Earnings Date||Dec 4, 2019|
|Forward Dividend & Yield||4.20 (3.99%)|
|1y Target Est||109.29|
TORONTO , Sept. 16, 2019 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced September 2019 cash distributions for unitholders of RBC ETFs. RBC ETF cash distributions for September ...
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TORONTO , Sept. 13, 2019 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced final details regarding the scheduled maturity of RBC Target 2019 Corporate Bond Index ETF (TSX: ...
Investing in a bank stock like Royal Bank of Canada (USA)(NYSE:RY) may be safe, but it isn't the only option for new or risk-averse investors.
TORONTO, Sept. 12, 2019 /CNW/ - Canadians who would like to explore online investing no longer need to have any cash saved to open an account and can get started investing with as little as $100 with the introduction of no-minimum requirement by online investment management service RBC InvestEase. This change reflects learnings since the national launch of RBC InvestEase last November and further underscores the online advisor's focus on helping new investors start investing. "We know there are Canadians who want to invest, but don't feel they have enough money or knowledge to take that first step," explained Rajan Bansi, Senior Director, Investments & Advice, RBC InvestEase.
(Bloomberg) -- What emerging-market bonds do next depends on whether Mario Draghi plays ball.Provided the European Central Bank president lowers borrowing costs deeper into negative territory and restarts a bond-buying program, high-yielding debt in the developing world may see its popularity soar among investors desperate for returns, according to Union Bancaire Privee. And currencies that aren’t sensitive to the euro, such as the Mexican peso and the Brazilian real, will rise, according to Vanguard Group’s active fixed-income unit.“Following the August correction, one would expect high yielding emerging-market currencies to receive a boost from a dovish message by the ECB,” said Anders Faergemann, a senior money manager at Pinebridge Investments in London. “Latin American currencies stand to benefit more than central and eastern European currencies, which are more correlated with the euro.”Valuations across emerging markets improved after concerns over global economic growth prompted investors to dump yield for quality. The premium investors demand to hold sovereign bonds blew out in August by the most in a year, while a MSCI Inc. index tracking currencies suffered its biggest loss since 2012, making the assets’ allure even more appealing when compared with developed-market debt.Emerging-market dollar debt has returned 11% this year, competing with U.S. junk bonds for the top spot. A dovish Draghi could extend this rally, given the expectations for rate cuts across emerging markets. BNP Paribas sees at least 10 central banks to reducing borrowing costs in September, and 15 by end-2019.With more than 80% of economists surveyed by Bloomberg predicting the ECB will announce a resumption of bond buying, and forecasters seeing the deposit interest rate falling to a record minus 0.5%, here’s what emerging-market investors are saying in the run-up to Thursday’s decision:Daniel Shaykevich, a Pennsylvania-based lead fund manager and co-head of the emerging markets and sovereign team in Vanguard Group’s active fixed-income group:“ECB’s past and expected bond buying has depressed yields around the world and has forced EM and crossover investors into longer duration investment grade bonds such as Saudi and Qatari bonds and high quality Latin American sovereigns such as Peru and Panama”“We’re going into the ECB defensively positioned, but we also own short-dated options to benefit from any upside in EM currencies”“A failure to deliver on market expectations on Thursday would cause a sell-off in higher-quality, longer-dated assets. Unlike riskier bonds, these higher-quality bonds trade at historically tight spreads and don’t have the cushion to absorb higher rates. They also don’t offer sufficient upside into a risk-on move if the ECB delivers beyond expectations”Ksenia Mishankina, a senior credit analyst at Union Bancaire Privee, in London:Emerging-market valuations are attractive compared to European credit. “After adjusting for the hedging costs, investment grade U.S. credit is yielding around 0, whereas emerging-market investment-grade corporate debt is offering a premium of about 90 basis points”Pinebridge’s Faergemann:“‘Anything less than a small rate cut and some type of quantitative easing would be considered a disappointment by the financial markets and would risk a sell off in emerging-market high yield currencies such as the South African rand and the Brazilian real”Morten Lund, an analyst at Nordea Bank AB in Copenhagen:“Draghi will deliver as he almost always does. He is a master at the these press conferences. Therefore, I would bet on lower euro core rates and a weaker euro. Normally, a lower EUR/USD means weaker central and eastern European currencies, but here it should be a risk-on signal. In terms of bonds, I think it is more tricky, but I would bet on lower rates”Francois Savary, chief investment officer at Prime Partners SA in Geneva:“The good surprise would be if there was a reference to possible ETF equity purchase down the road”“In developed markets there is a need for a setback in yields, but not sufficient to penalize EM debt that have a good carry. Moreover I think that a process of liquidity injections in developed markets” is positive for emerging markets. “I remain positive on emerging-market debt. We didn’t reduce our overweight”Tatha Ghose, analyst at Commerzbank AG:“ECB easing is kind of discounted. The economic and inflation downswing here is clear enough that it would be seen as ECB reacting in line with data. In general, we forecast that EURUSD will bottom out at around 1.10 levels and gradually start climbing. If U.S. inflation falls sharply, then one would get the next risk on move in emerging markets”Paul McNamara, a London-based fund manager who helps oversee $9.4 billion in assets at GAM UK:“I think it’s a sideshow, very unlikely to have much of an impact. Growth and the Fed will be the real drivers of emerging-market debt”Piotr Matys, a strategist at Rabobank in London:“A comprehensive stimulus package which we expect the ECB to reveal on Thursday may improve market sentiment”“But we do not anticipate a major outbreak of optimism and positive mood may fade relatively quickly if market skepticism about the ability of major central banks to offset the negative impact of trade war continues to rise”Tsutomu Soma, general manager of the investment trust and fixed-income securities at SBI Securities Co. in Tokyo:Euro-funded carry trades have hitherto been quite popular; further policy easing should exert downward pressure on the euro which would benefit this trade even moreEmerging currencies are not expected to face aggressive sell-offs under a global easing environment, although investors may remain cautious in accumulating massive EM longs\--With assistance from Yumi Teso.To contact the reporters on this story: Selcuk Gokoluk in London at firstname.lastname@example.org;Adrian Krajewski in Warsaw at email@example.comTo contact the editors responsible for this story: Dana El Baltaji at firstname.lastname@example.org, Tomoko Yamazaki, Alex NicholsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
TORONTO, Sept. 11, 2019 /CNW/ - Market uncertainty, geopolitical turmoil and home-grown tax changes have Canada's wealthiest citizens shifting their focus from increasing their wealth to protecting what they have. In a recent global survey1 sponsored by RBC Wealth Management and conducted by the Economist Intelligence Unit, the richest Canadians ranked protecting wealth for the future highest (53%) in a list of financial goals, well above increasing their wealth (34%). When asked what factors most concern them when it comes to preserving wealth, Canadian tax changes were highest on the list (48%) followed by global economic uncertainty (46%) and increased cost of living (45%).
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TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,537.34, up 42.25 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Up six cents, or 3.3 per cent, to $1.88 on 9.4 million shares.Encana Corp. (TSX:ECA). Energy. Down three cents, or 0.48 per cent, to $6.17 on 9.2 million shares.Royal Bank of Canada (TSX:RY). Financials. Up $1.08, or 1.07 per cent, to $102.32 on 8.9 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.19, or 3.65 per cent, to $33.76 on 8.3 million shares.Whitecap Resources Inc. (TSX:WCP). Energy. Up 12 cents, or 2.83 per cent, to $4.36 on 6.8 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down 24 cents, or 1.05 per cent, to $22.66 on 5.9 million shares. Companies in the news: Encana Corp. — Encana Corp. has named Michael McAllister as its president, part of several changes to its executive leadership. He will continue to report to chief executive Doug Suttles. McAllister joined the company nearly 20 years ago and held positions of increasing responsibility. He previously served as Encana's executive vice-president and chief operating officer. The company also promoted Brendan McCracken to executive vice-president of corporate development and external affairs. He will also report to Suttles.Fortis Inc. (TSX:FTS). Down 26 cents to $55.17. Fortis Inc. raised its dividend as it announced an increased capital investment plan. The utility company says it will now pay a quarterly dividend of 47.75 cents per share, up from 45 cents. Shares in Fortis will have an annual yield of 3.4 per cent based on its closing share price on Monday. The increased payment to shareholders came as the company said it will spend $18.3 billion between 2020 and 2024, up $1 billion from the previous year's plan. Fortis has utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.Suncor Energy Inc. (TSX:SU). Up 85 cents, or 2.2 per cent to $40.20. Suncor Energy Inc. says it will spend $1.4 billion to replace its coke-fired boilers with two cogeneration units at its oilsands base plant north of Fort McMurray, Alta. The company says the units will provide steam generation for its extraction and upgrading operations and generate 800 megawatts of power. The change will also help reduce costs. Suncor says replacing the coke-fired boilers with cogeneration will reduce greenhouse gas emissions associated with steam production at the base plant by approximately 25 per cent. The project is expected to be in-service in the second half of 2023.The Canadian Press
(Bloomberg) -- Oil jumped to the highest in more than a month as investors were reassured that OPEC and its allies would continue to trim production to help balance global oil markets.Futures in New York advanced 2.4% on Monday after newly-appointed Saudi Energy Minister Prince Abdulaziz bin Salman said there won’t be radical change in the policy of OPEC+. A committee made up of key members from the coalition will meet in Abu Dhabi this week to review progress of their deal to cut crude production. Meanwhile, investors are also focused on whether the U.S. and China will put an end to the trade war when officials meet in October.“The bulk of the gains was from the Saudi news,” said Phil Streible, senior market strategist for RJO Futures. “But there is also some optimism from any trade agreements from meetings coming up.”Crude in New York rose for a fourth straight session amid optimism around OPEC policy, with the United Arab Emirates energy minister promising a push to get all members committed to curbs. Meanwhile, Iraq’s oil minister said it was recently obliged to raise oil output due to local demand for electricity and will pump less in the coming months.“Despite no radical change in oil policy, the developments over the weekend continue to underscore the Kingdom’s commitment to stabilizing markets and pushing prices higher,” said Michael Tran, a commodity strategist at RBC Capital Markets.West Texas Intermediate oil for October delivery climbed $1.33 to settle at $57.85 a barrel on the New York Mercantile Exchange.Brent for November gained $1.05 to end the session at $62.59 a barrel on the ICE Futures Europe Exchange, and traded at a $4.86 premium to WTI for the same month.See also: Saudi Arabia Has a New Energy Minister: What It Means for OilPrince Abdulaziz served as deputy petroleum minister for a dozen years and most recently as minister of state for energy since 2017. He takes charge as the Organization of Petroleum Exporting Countries and its allies, most notably Russia, work to bolster prices at a time when a raging trade war between the U.S. and China weighs on global demand.To contact the reporter on this story: Sheela Tobben in New York at email@example.comTo contact the editors responsible for this story: David Marino at firstname.lastname@example.org, Jessica Summers, Catherine TraywickFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Royal Bank of Canada (TSX:RY)(NYSE:RY) reported encouraging second-quarter results in August, but is continued strength from its wealth management division enough to make the stock a buy right now?
Royal Bank of Canada (TSX:RY)(NYSE:RY) is catching a bit of a tailwind after a four-month slump. Is it time to add this stock to your RRSP?
TORONTO , Sept. 6, 2019 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced August mutual fund net sales of $1.1 billion . Long-term funds had net sales of $847 million and money market ...
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...