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
Should I use money from my TFSA to contribute to my RRSP? It depends … Feb 6th
Experts say where you put your money depends on your short- and long-term financial goals — and sometimes what tax bracket you are in.... More »
Shell beats expectations as profit jumps on refining + MORE Nov 2nd
Third-quarter earnings rise to $4.1-billion, compared with $2.8-billion a year earlier
.... More »
Silicon Valley Bank's Toronto branch assets seized - CP24 Mar 13th
Silicon Valley Bank's Toronto branch assets seized CP24Canada's top banking regulator takes temporary control of Silicon Valley Bank's Canadian branch CBC NewsOSFI takes control of Silicon Valley Bank's Canadian unit The Globe and MailSVB collapse puts Fed's faith in.... More »
Canadian home sales flat in April as buyers remain cautious - The Globe and Mail + MORE May 15th
Canadian home sales flat in April as buyers remain cautious The Globe and MailDespite falling interest rates and prices, home affordability isn’t set to improve any time soon, report says Toronto StarCanadian real estate market entering a ‘transition period,’ says CREA&nb.... More »
Making sense of the markets this week: May 10, 2021 May 7th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Wealthsimple taps celebrities and nets a $5-billion valuation
In October of 2020, we reported on a previous round of financing for Wealthsimple. At that time, valuation estima.... More »
Why Bay Street and Trudeau don’t see eye to eye
– macleans.ca
THE CANADIAN PRESS/Adrien VeczanPrime Minister Justin Trudeau certainly has Bay Street in a tizzy. David Rosenberg, a famous economist who works for high-end wealth manager Gluskin Sheff + Associates, this week advised readers of his $1,000-a-year newsletter to sell Canadian stocks and convert their loonies to other currencies before the March 22 budget ruins them. “This promises to be a tax-grab budget that would have made the likes of Herb Gray very proud if he was still alive,” Rosenberg wrote on March 13, according to a subscribers-only report in the Globe and Mail.
Rosenberg, known for prescient forecasts based on hard data, has been spreading rumours for at least a month that Trudeau intends to raise taxes on capital gains. There has been no confirmation of this, but the very thought of it is making capitalists upset.
The Globe, which targets the same high rollers who might turn to Gluskin Sheff for financial advice, reported (subscribers only) that the conjecture over taxes was “spreading fear” amongst Canadians who seek reward from buying low and selling high…
