Good time to buy Canada’s big banks

The shares of Canada’s big five banks have moved down recently, mainly due to fears that a slowing economy and rising interest rates will cut demand for new loans. However, each of the five continue to lower their costs and expand outside of Canada. That… Read More

Royal builds on its strong U.S. base

Royal Bank’s shares have gained 35% since the bank’s 2015 acquisition of California-based City National Bank. Thanks to that purchase, Royal is now the 7th-largest full-service wealth management firm in the U.S.
City National also gives the bank a strong platform to further expand its U.S…. Read More

Pat: Would you please comment on Blackstone Group (BX)? Thank you.

Blackstone Group LP, $26.06, symbol BX on New York (Shares outstanding: 558.4 million; Market cap: $16.0 billion; www.blackstone.com), is a global alternative asset manager and provider of financial advisory services.

The company’s alternative asset management businesses include managing corporate private equity funds, real estate opportunity… Read More