Bigger is better: Why scale matters more than ever on Bay Street + MORE Jan 5th

The investment-banking arms of Canada’s big six banks dominated stock sales by collectively capturing 74 per cent of the market in 2016

Save, invest, prosper with My Own Advisor.
I recently read about a new report from CIBC that stated 48% of Canadians aren’t making debt repayments, bill payments or growing their portfolio a priority in 2017.  For this group, this could be true for a few reasons:

These individuals have reached financial security, they don’t need any new financial priorities for 2017, or
They don’t know any better.

I know we’re not in camp #1 yet.
I’d like to think because I’m writing this blogpost we’re not part of camp #2 either.
Why Goals?  What Goals?
My wife and I decided long ago we need financial goals, some savings and investing targets to work towards.  We do this because it gives us some focus, it makes us feel good about how we live, and just as importantly it sets us up for a healthy financial future.  Who knows what might or might not happen to our jobs or our ability to earn an income?  This is our greatest asset.  The future is always very cloudy.
Our investing goals are rather simple but they might seem aggressive to some:  we hope to cover basic living expenses from dividend income alone…

CTV NewsToronto Real Estate Board to release December home sales figures todayCTV NewsTORONTO — The Toronto Real Estate Board will release home sales figures for the month of December today, wrapping up a year characterized by strong sales growth and soaring prices in the country's largest real estate market. Limited inventory and high …Four stories in the news today, Jan. 5TheChronicleHerald.caVancouver home sales drop 5.6 per cent in 2016, after tumultuous year for marketLethbridge HeraldGovernment intervention on housing causes Vancouver to 'temporarily freeze in its tracks'Financial PostThe Globe and Mail -CBC.ca -News1130 -Huffington Post Canadaall 108 news articles »

PLUS: Why scale matters more than ever on Bay Street

In a world where scale is becoming a bigger issue, do smaller financial-services firms even stand a chance?