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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Premarket: Stocks down, gold up after aborted Russian mutiny ignites safe-haven push - The Globe and Mail + MORE Jun 26th
Premarket: Stocks down, gold up after aborted Russian mutiny ignites safe-haven push The Globe and MailHere we go, oil prices now higher after the failed coup attempt in Russia ForexLiveRussian Unrest Throws New Risk Into Already Volatile Gas Market BNN BloombergOil .... More »
Coronavirus will not be the only crisis the world has to face. Here’s how to prepare your portfolio Feb 4th
In this time of global uncertainty, the best way to protect your assets is to have some of your money in these safe havens, writes Gordon Pape..... More »
$70B Anglo-Teck merger faces Ottawa review, shareholders react positively + MORE Sep 10th
In what’s shaping up to be the world’s biggest mining deal of the past decade, Teck Resources Ltd. has agreed to a tie-up with London-headquartered Anglo American PLC to create a copper-focused giant worth about $70 billion.
The companies have proposed the deal as a “merger of equal.... More »
The right way to sell stocks during COVID-19 + MORE Sep 18th
It’s becoming increasingly likely that the economic recovery from COVID-19 will be long and drawn out, which is not good considering that 3 million have been laid off over the last two months. Since the crisis began in Canada, MoneySense has been telling readers to hang tight with their portfolio .... More »
This stock is set to see big action on Wednesday + MORE May 17th
This U.S.-based retailer will report its first-quarter results on Wednesday morning
.... More »
Suitability of Investments: Why it's so complicated but doesn't need to be
– http://canadianfinancialdiy.blogspot.ca
There is much on-going controversy in the financial advice industry amongst regulators, so-called and real advisors and their firms and consumer advocates about the current suitability standard for recommending investments versus a possible best interests standard.There are three main issues:1) suitability definitions (e.g. IIROC Rules or Ontario Securities Commission requirements) for investment industry salespeople are meant to stop abusive practices. Most often this involves putting clients into highly risky, high cost securities. This issue accounts for 99% of the whole suitability vs best interests debate.2) suitability for someone like me, a reasonably informed self-directed investor (who thereby has no ethical conflicts), equates to the best interest standard. The only thing that’s suitable for me is what’s best for me. … But it still leaves a very wide possible variation of investments. I could probably ask three highly experienced, completely ethical true financial advisers to tell me what investments to make and I could probably get three very different answers…
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