Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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Unusually large swarm of icebergs drifts into shipping lanes - Herald-Whig + MORE Apr 6th
Herald-WhigUnusually large swarm of icebergs drifts into shipping lanesHerald-WhigThis March 2017 photo released by the U.S. Coast Guard and made by a robotic camera aboard a reconnaissance aircraft, shows icebergs floating near the Grand Banks of Newfoundland in the North Atlantic Ocean. There were.... More »
Best Canadian Bank Stocks: Where to Invest in Canadian Financial Services in 2021 Nov 15th
When it comes to the stock market, there are no guarantees. But Canadian banks are about as close as it gets. They’ve led the way for years, generating huge profits, stable earnings growth, and consistent dividend payouts. But with several banks to choose from, Canadian investors might be wonderin.... More »
Meridian Gets Competitive; Posts Lowest Two-Year Fixed Mortgage Rate on the Market + MORE Mar 15th
Meridian is making news as of late, as it recently posted the lowest two-year fixed-interest rate in recent Canadian history, compared to the “Big Five” banks and other lenders on the market. As Ontario’s largest credit union, Meridian is offering a two-year fixed mortgage at 1.98 percent.
T.... More »
Making sense of the markets this week: June 2, 2024 May 31st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
RBC and National Bank continue to lead the pack
Canadian banks continue to prepare for worst-case scenarios with in.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Sep 8th
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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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MoneySense is an.... More »
Paying investment fees
– moneysense.ca
Q: What do you think the fees for investment management at, let’s say, RBC, TD, BMO, or any of the big banks should be for a portfolio of $1.2 million?
I’ve tried to find them on the internet, but nobody tells you what they are.
—Steve
A: Investment fees are sometimes a mystery, Steve. Quite frankly, some people in the investment industry like it that way.
Fee disclosure rules are changing this year though and many Canadians probably noticed this on their December 31, 2016 statements, with new fee and performance information now appearing that has not been so explicit in the past.
There has been more of a push towards fee-based investment advice in recent years as well, where a pre-determined fee is charged as a percentage of your investments. This should not be confused with fee-only financial planning, where a financial planner charges a pre-determined flat fee or hourly fee for financial advice but doesn’t manage your investments.
Fee-based investment advice can be good for an investor because it takes away any potential for a commissioned, transactional advisor to churn an account to increase commissions…
Make Big Banks Put 20% Down—Just Like Home Buyers Do
– online.wsj.com
Financial CEOs say capital requirements are already too high, but the facts suggest otherwise.Food banks take up farming as donations decline
– macleans.ca
Students at the UBC food bank. (Photograph by Della Rollins)TORONTO — In a bid to make up for a shortfall of high-quality nutritious food, some Canadian food banks are growing their own produce — and even farming fish.
The Mississauga Food Bank recently launched AquaGrow Farms, where tilapia is being raised in tanks and lettuce is raised through hydroponics, or without soil.
Executive director Christopher Hatch said the Ontario food bank is the first in Canada to be producing its own fish.
“It’s not a complete solution, but it’s certainly in the right direction and it shows the community we’re thinking creatively about how to solve this problem,” said Hatch.
There were just under 90,000 visits to food banks last year in Mississauga, Canada’s sixth largest city with a population of about 720,000.
Donations of fresh food have been declining and higher food costs make it tougher to stretch donated cash.
“People tend to want to give us a can of soup and box of Kraft Dinner, which is fine, but we’re trying to also source higher-quality nutritional value food,” said Hatch…
