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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Top Markets to Invest in Singapore 2020 Feb 29th
Looking to make new lucrative investments in 2020? Singapore is a great place to consider investing your hard-earned cash. Enabling you to gain exposure in a promising emerging market, there are a lot of benefits you can experience from Singapore investments.
Here, you’ll discover everything you n.... More »
Beyond financial planning: How to achieve the lifestyle you want + MORE May 25th
Q. I have just turned 40, am single, and earn $86,000 a year. I also have zero debt. I just finished paying off my house, worth $315,000, and I would like to continue to put away my mortgage payment of $1,000 every two weeks as savings.
Because all money went to debt repayment, I’ve never really i.... More »
How much income do I need to qualify for a mortgage in Canada? + MORE Jun 19th
The Bank of Canada made a long-awaited rate cut on June 5, but the effects of lower mortgage rates have yet to trickle down into housing market data. That was evident in May, as real estate affordability continued to worsen for would-be home buyers.
The latest monthly affordability report from Ra.... More »
Montreal’s financial sector tested by the black-hole pull of Toronto + MORE May 19th
Ottawa’s decision to put Canada Infrastructure Bank on Bay Street only adds to the rising sense of concern
.... More »
REITs are defying the odds + MORE Jun 9th
The interest-sensitive securities are supposed to tank when rates rise, but are one of the few bright spots on the TSX, Gordon Pape writes..... More »
Is the Republican party about to implode?
– macleans.ca
Trump meeting with GOP House and Senate leaders in early March (AP)This should be the Republican party’s moment of triumph. Against the expectations of every pollster in America, their man was elected president. Making it even sweeter, he did it by defeating the GOP’s greatest nemeses, the Clintons. The party now controls the White House and both houses of Congress. This is only the second time in 60 years that their stars have aligned like this.
It gets even better. The new president will be appointing the next Supreme Court justice and possibly as many as three more over his term, stacking the court for a generation. At the state level, almost two-thirds of the legislatures are now controlled by Republicans—one more and they will have the supermajority needed for constitutional amendments. And, the new president is inheriting one of the strongest economies in decades, with a sky-high stock market and record job growth. According to an analysis by RealClearPolitics, this is the strongest the Republican party has been in 80 years…
Amid falling oil prices, two energy service firms take different approaches to IPOs
– theglobeandmail.com
Source Energy Services Ltd. is moving along with its plans to IPO, while STEP Energy Services Ltd. is delaying its public debut amid falling oil prices
Some investors are too focused on fees
– moneysense.ca
Is it possible for investors to focus too much on fees? This might sound like heresy coming from a long-time advocate of Couch Potato investing. Low cost is a pillar of the strategy, but when you consider all the costs of investing, management fees and trading commissions are not the only items on the list. They may not even be the largest drag on your returns.Back in January, MoneySense ran a feature called The Ultimate Couch Potato Guide, where we weighed the trade-offs between cost and convenience. We considered three options:
The Tangerine Investment Funds are balanced index funds that offer “one-stop shopping” for a fee of 1.07% annually
The TD e-Series is a family of four individual index mutual funds you can combine to build a balanced portfolio with a fee of about 0.45%
Exchange traded funds (ETFs) come in enormous variety and allow you to build a highly customized portfolio for 0.15% or less
Alongside the article, we included a quiz that asked investors a series of questions and then suggested the option we felt would be most appropriate to their situation…
Canada’s financial consumer watchdog is launching a review of business practices among the major banks following reports citing unnamed employees who alleged the lenders were signing customers up for services without their consent.
Business practices at banks under review after reports
– moneysense.ca
OTTAWA— Canada’s financial consumer watchdog said on Wednesday it was launching a review of business practices among the country’s major banks following reports citing unnamed employees who alleged that the lenders were selling services without the consent of their customers.
Lucie Tedesco, commissioner of the Financial Consumer Agency of Canada, said she is concerned by the allegations and issued a statement reminding the lenders of their obligations to obtain prior consent before increasing credit limits and providing clients with new products.
Lucie Tedesco, commissioner of the Financial Consumer Agency of Canada, said she is concerned by the allegations and issued a statement reminding the lenders of their obligations to obtain prior consent before increasing credit limits and providing clients with new products.
TD Bank shares down amid sales target allegations »
“Financial institutions’ compliance with these rules is non-discretionary and the message must be disseminated from the boards of directors on down to customer-facing staff,” Tedesco said.
“Through the industry review we are announcing today, we will examine financial institutions’ business practices in relation to express consent and disclosure, including the identification of any factors that may be contributing to non-compliance…
