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
Know your TFSA contribution limit + MORE Nov 30th
For Canadian investors and savers, it’s always some of the best news to come each year: new TFSA room that becomes available each January 1. For 2025, the TFSA contribution limit is $7,000 (the same amount in 2024).
The actual TFSA yearly limit was set at $5,000 back in 2009 when the investmen.... More »
How to know if a secondary suite or basement apartment is legal—and a worthwhile investment + MORE Sep 30th
If you’re buying a property right now, chances are you’ve come across more than a few homes that advertise income potential—thanks to a secondary suite or basement apartment.
Beyond the practical reasons for wanting a secondary suite, such as having a senior-age parent move in, two-un.... More »
How to stop procrastinating and cross two major money moves off your list + MORE Feb 11th
Dying intestate is a term that means someone has died without a will. Dying without a will means that the government gets to use provincial laws to decide how to distribute your estate and appoint your executor.—Willful.co, “Dying Without A Will In Canada.”
In 2013, my father took his own.... More »
Stocks edge lower ahead of big tech earnings: Stock market news today - Yahoo Canada Finance Apr 25th
Stocks edge lower ahead of big tech earnings: Stock market news today Yahoo Canada FinanceBefore the Bell: Markets await tech Alphabet, Microsoft results The Globe and MailU.S. stocks drift with focus on earnings; bonds rally BNN BloombergHere's what we expect from o.... More »
United CEO manages apology in third statement since man dragged screaming from overbooked plane - National Post + MORE Apr 12th
National PostUnited CEO manages apology in third statement since man dragged screaming from overbooked planeNational PostAfter two days of conflicting explanations, falling stock prices and worldwide outrage, United Airlines entered full mea culpa mode Tuesday, with its chief executive apologizing f.... More »
Consumers Save the Economy
– online.wsj.com
Growth pops up but business investment disappoints again.Losing ground: Why Canada’s grip on U.S. real estate is slipping
– theglobeandmail.com
In the aftermath of the financial crisis, Canadian pension funds, insurance companies and investment firms began a near-decade-long U.S. commercial real estate spending spree that has been unmatched by any country. Until now.
California gets $15M in Bernard Madoff fraud recovery effort
– canadianbusiness.com
SACRAMENTO, Calif. – California will recover $15 million related to the massive Ponzi scheme engineered by Bernard Madoff as part of a larger agreement liquefying the $277 million estate of a Beverly Hills investment adviser, officials said Friday.
The settlement ends a 7-year-old lawsuit filed by the state attorney general against Stanley Chais, who charged what officials called astronomical fees to invest hundreds of millions of dollars from more than 460 often-elderly victims.
Chais, who died in 2010, collected nearly $270 million in fees between 1995 and 2008 while presenting himself as an “investment wizard,” according to the lawsuit filed in Los Angeles Superior Court.
In fact, he simply funneled investors’ life savings to Madoff, the one-time Nasdaq chairman whose $20 billion financial pyramid collapsed in 2008, the lawsuit said.
The agreement filed in federal bankruptcy court in New York settles separate lawsuits against Chais that trustees said will essentially turn over his estate to his victims…
The settlement ends a 7-year-old lawsuit filed by the state attorney general against Stanley Chais, who charged what officials called astronomical fees to invest hundreds of millions of dollars from more than 460 often-elderly victims.
Chais, who died in 2010, collected nearly $270 million in fees between 1995 and 2008 while presenting himself as an “investment wizard,” according to the lawsuit filed in Los Angeles Superior Court.
In fact, he simply funneled investors’ life savings to Madoff, the one-time Nasdaq chairman whose $20 billion financial pyramid collapsed in 2008, the lawsuit said.
The agreement filed in federal bankruptcy court in New York settles separate lawsuits against Chais that trustees said will essentially turn over his estate to his victims…
