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.
Latest News
White House says next G7 to be held at Trump golf resort in Miami - CBC.ca + MORE Oct 17th
White House says next G7 to be held at Trump golf resort in Miami CBC.caBurnett knocks Mulvaney's statement: 'The tape speaks for itself' CNNWhite House says next G7 summit to be held at Trump's golf resort in Florida The Globe and MailTrump takes another serving at .... More »
TFSAs & RRIFs: What’s the difference between beneficiaries, successor holders and successor annuitants? + MORE Jan 19th
A MoneySense reader writes:
I’m writing to ask about beneficiaries, successor holders and successor annuitants for TFSAs and RRIFs. What is the difference between these, and how do you choose the right one for each account?
FPAC responds:
When you have a registered account, su.... More »
Have your financial plans changed because of the pandemic? A mid-year check-in will get you back on track Jul 6th
Reviewing your will, and your life, disability and critical illness insurance should be part of your review..... More »
What are the fees for becoming a joint tenant on a parent’s property? + MORE Mar 26th
My dad owns a house and a condo. The condo is his primary residence and he rents out his home. The home has greater value. He wants to put me on as a joint tenant. What fees will have to be paid when he does that, or are fees paid upon his death?—Judson
Fees associated with joint tenancy
Tha.... More »
Canadarm maker to be acquired by Canadian investors in $1B deal - CBC.ca Dec 30th
Canadarm maker to be acquired by Canadian investors in $1B deal CBC.caRisley, Balsillie group buying CanadArm maker MDA in $1-billion deal theglobeandmail.comCanadarm maker MDA back in Canadian hands with $1 billion sale to investors including Jim Balsillie Financial.... More »
Robo-advisory firms shake up The City
– theglobeandmail.com
As technology pioneers claim chunks of the investment advisory market, banks will be forced to respond – and likely with buyouts
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,450.69, down 52.98 points):
Newmarket Gold Inc. (TSX:NMI). Miner. Up five cents, or 1.19 per cent, to $4.25 on 36.9-million shares.
Ivanhoe Mines Ltd. (TSX:IVN). Miner. Down 13 cents, or 6.53 per cent, to $1.86 on 28.9-million shares.
Teranga Gold Corp. (TSX:TGZ). Miner. Down four cents, or 2.94 per cent, to $1.32 on 25.9-million shares.
Spartan Energy Corp. (TSX:SPE). Oil and gas. Down seven cents, or 2.13 per cent, to $3.21 on 14.9-million shares.
Argonaut Gold Inc. (TSX:AR). Miner. Down 18 cents, or 4.69 per cent, to $3.66 on 12.8-million shares.
Centerra Gold Inc. (TSX:CG). Miner. Up 25 cents, or 3.50 per cent, to $7.39 on 12.3-million shares.
Companies reporting major news:
BlackPearl Resources Inc. (TSX:PXX). Oil and gas. Up nine cents, or 7.26 per cent, to $1.33 on 696,848 shares. The developer of a multi-billion dollar oilsands project says approval announced Thursday by the Alberta government is critical to raising money or finding a partner with deep pockets to go ahead with construction…
Toronto Stock Exchange (14,450.69, down 52.98 points):
Newmarket Gold Inc. (TSX:NMI). Miner. Up five cents, or 1.19 per cent, to $4.25 on 36.9-million shares.
Ivanhoe Mines Ltd. (TSX:IVN). Miner. Down 13 cents, or 6.53 per cent, to $1.86 on 28.9-million shares.
Teranga Gold Corp. (TSX:TGZ). Miner. Down four cents, or 2.94 per cent, to $1.32 on 25.9-million shares.
Spartan Energy Corp. (TSX:SPE). Oil and gas. Down seven cents, or 2.13 per cent, to $3.21 on 14.9-million shares.
Argonaut Gold Inc. (TSX:AR). Miner. Down 18 cents, or 4.69 per cent, to $3.66 on 12.8-million shares.
Centerra Gold Inc. (TSX:CG). Miner. Up 25 cents, or 3.50 per cent, to $7.39 on 12.3-million shares.
Companies reporting major news:
BlackPearl Resources Inc. (TSX:PXX). Oil and gas. Up nine cents, or 7.26 per cent, to $1.33 on 696,848 shares. The developer of a multi-billion dollar oilsands project says approval announced Thursday by the Alberta government is critical to raising money or finding a partner with deep pockets to go ahead with construction…
Business Highlights
– canadianbusiness.com
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Americans take on more mortgage debt as housing recovers
WASHINGTON (AP) — The Fed’s quarterly report on household wealth showed that Americans’ net worth climbed 1.2 per cent during the April-June quarter, to $89.1 trillion.
Stock and mutual fund portfolios increased 2.3 per cent to $21.2 trillion. Housing wealth rose 1.9 per cent to $25.6 trillion. The value of checking and savings accounts, as well as pension entitlements, also climbed. Mortgage debt rose 2.5 per cent in the second quarter at a seasonally adjusted annual rate, the biggest quarterly gain in more than eight years.
Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit card debt and other borrowing.
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Sit-down chains suffer as diners opt for convenience
NEW YORK (AP) — Customers have been walking away from sit-down chains as convenience and affordability take precedence.
Ruby Tuesday said this week that its CEO is resigning, and the chain forecast another quarter of lower sales as it closes locations…
Americans take on more mortgage debt as housing recovers
WASHINGTON (AP) — The Fed’s quarterly report on household wealth showed that Americans’ net worth climbed 1.2 per cent during the April-June quarter, to $89.1 trillion.
Stock and mutual fund portfolios increased 2.3 per cent to $21.2 trillion. Housing wealth rose 1.9 per cent to $25.6 trillion. The value of checking and savings accounts, as well as pension entitlements, also climbed. Mortgage debt rose 2.5 per cent in the second quarter at a seasonally adjusted annual rate, the biggest quarterly gain in more than eight years.
Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit card debt and other borrowing.
___
Sit-down chains suffer as diners opt for convenience
NEW YORK (AP) — Customers have been walking away from sit-down chains as convenience and affordability take precedence.
Ruby Tuesday said this week that its CEO is resigning, and the chain forecast another quarter of lower sales as it closes locations…
The compromises parents make to afford a house
– moneysense.ca
TORONTO – When 30-year-old Jessica Moorhouse and her husband recently moved into their $460,000 townhouse in Toronto’s west end, they weren’t buying the detached home of their dreams.Still, the young couple felt good they’d found an affordable place within the city’s hot real estate market — with enough room for the baby they one day plan on having.
“We could have definitely gotten a place maybe more in the city, nicer, that we wouldn’t have to fix anything up, that was a one bedroom,” says Moorhouse, who also blogs about her finances.
“But we would have been limited because … we want to start a family.”
People yearning for home ownership and parenthood can face an uphill battle in cities where soaring housing prices and costly daycare fees can be formidable. But the dream can be within reach, so long as house hunters and future parents are willing to compromise on a few things.
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How going to Starbucks can help your budget
– moneysense.ca
In our April 2016 issue of MoneySense, we introduced you to Lindsay Tithecott, a 29-year-old who is trying to pay down debt, build up savings and buy a larger condo. Throughout the year we’ll be giving her a financial challenge every two weeks to help her get her finances in shape. For her latest challenge we asked her to read Robert Brown’s Wealthing like Rabbits and to write about three money lessons she learned from the book. Here’s what she had to say:
I read author Robert Brown‘s Wealthing like Rabbits this summer and found it a very helpful book. The biggest lessons I learned were related to three things: long-term saving, day-to-day banking, and spending. I liked how the book was organized, and that it was written in what feels like a casual conversation. The topics covered seemed pretty basic, but I enjoyed going back to the basic framework of a healthy financial life.
Lesson 1: Save early, save often
Author Robert Brown does an excellent job of explaining financial concepts like the power of saving over the long term…
