The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Janet Gray advice-only Financial Planner + MORE Mar 20th
Meet Janet Gray
Janet Gray is an advice-only Certified Financial Planner, speaker and educator with over 20 years of experience. She’s been featured in countless Canadian news publications as a financial expert, and she even won “Financial Services Person of the Year” twice. Janet specializ.... More »
Do inflation-linked bonds make sense in an era of rising interest rates? + MORE Feb 24th
For a long time, inflation-linked bonds like TIPs (Treasury Inflation-Protected Securities) in the U.S. or Government of Canada Real Return Bonds (RRBs) seemed like valid alternatives to nominal bonds for inflationary environments. If inflation ticks above certain levels, such bonds—or exchange-tr.... More »
Canadians now owe $1.71 for every dollar they have to spend, StatsCan says - CBC.ca + MORE Dec 11th
Canadians now owe $1.71 for every dollar they have to spend, StatsCan says CBC.caHousehold debt ratio rises to 170.7%, Statistics Canada says BNNHousehold debt ratio rises to 170.7 per cent: StatCan CP24 Toronto's Breaking NewsHousehold Debt Ratio in Canada Climbs on.... More »
Toro agrees to buyout by ARC Financial-owned oil firm + MORE Dec 14th
Toro shares jump 60% after oil-patch junior agrees to $44-milllion buyout from Steelhead Petroleum
.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jan 26th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Should I get rid of my old car?
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.I bought my 2000 Mazda Protégé days after I moved to Ottawa from Toronto. My Mazda was brand new and cost about $16,000 right off the lot. I recall I used my credit card to make a $500 down payment the day I bought it. (Don’t gasp financial people, I did pay off my credit card that month.)
My Mazda has been paid for since 2005, 11 years ago. Most people don’t own a car as long as I haven’t had car payments for this vehicle. This car doesn’t owe me a nickel. It’s been a worthy ride for many years and it could likely stay on the road even a few years longer.
Which brings me to this…should I get rid of my 16-year-old car?
Let’s start with what’s driving my decision (pun intended), to potentially get rid of this car:
I want a new car – I drive by no less than five car dealerships on the way to and from home many days and over time, I feel like I’m getting drawn towards the shiny, newer, metal objects on those lots…
