There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Canada's big banks admit they overcharged customers — what went wrong? - CBC.ca + MORE Jun 28th
CBC.caCanada's big banks admit they overcharged customers — what went wrong?CBC.caOn Tuesday, Royal Bank was the last of Canada's five big banks to get slapped with a multi-million dollar penalty for charging customers excess fees for investment products like mutual funds. In some cases,.... More »
Make your purchases count with credit card rewards + MORE Apr 29th
If you’ve been using the same no-annual-fee credit card for years, you could be missing out on a wealth of rewards. Credit cards with rich rewards programs often charge a higher annual fee, but if you shop around, you can find one of those rare cards that offers both great perks and a $0 annual fe.... More »
Who Will Be Running Consumer Agency on Monday? It's Unclear - New York Times + MORE Nov 26th
New York TimesWho Will Be Running Consumer Agency on Monday? It's UnclearNew York TimesCome Monday morning, who will be running the Consumer Financial Protection Bureau? Over the weekend, the answer wasn't clear. Trump administration officials on Saturday defended the president's lega.... More »
RBC misses Q3 profit expectations as bad-loan provisions jump - BNN Bloomberg Aug 24th
RBC misses Q3 profit expectations as bad-loan provisions jump BNN BloombergROYAL BANK OF CANADA REPORTS THIRD QUARTER 2022 RESULTS Canada NewsWireToronto-Dominion Bank stock rises Tuesday, still underperforms market MarketWatchNational Bank reports third-quarter prof.... More »
Timing CPP and OAS with workplace pensions + MORE Mar 28th
Q: My husband is retired military and will turn 60 this year. He’s been told by his military buddies that he should apply soon for his CPP as then he can receive it and the bridge for the next five years. I thought he should be delaying on taking his CPP but perhaps it’s the OAS he should dela.... More »
Canada’s top soldier: Military isn’t hurting for money
– macleans.ca
Chief of Defence Staff Gen. Jonathan Vance speaks to the media at Royal Military College of Canada in Kingston, Ont., on Wednesday March 29, 2017. THE CANADIAN PRESS/Lars HagbergOTTAWA – The country’s top soldier has pushed back on suggestions the armed forces is struggling from a lack of cash, saying he’s not convinced it is making the most of the money it already gets.
Yet chief of defence staff Gen. Jonathan Vance says he is also eager to see the government’s new defence policy, which has promised to put the military on a strong financial footing over the long term.
“The here and now is fine, we’re delivering,” Vance said in an interview with The Canadian Press. “But going forward, that’s when the government committed to sustainable, progressive armed forces.”
The question of military spending has taken on a life of its own over the last year, after U.S. President Donald Trump called on NATO allies to contribute more to their own defence…
Should you really be extending that car loan?
– moneysense.ca
Ford Motor Co. has joined financial regulators in raising concerns over Canadians’ appetites for longer-term loans to finance the purchase of new vehicles.
Regulators have warned in recent years about debt-burdened consumers taking advantage of loan offers that leave them in a negative-equity situation where they owe more on the car than it’s actually worth.
Mark Buzzell, chief executive officer of Ford Canada, told media in an interview at the Vancouver auto show this week, that Canadian automakers are selling 41% of their vehicles with loans of six or more years. It’s not uncommon to see loans stretch out to eight or nine years, with interest rates still sitting at near-record lows.
Ford says it is moving to reduce the number of sales it makes at longer terms, but it’s hard when the rest of the industry is doing so. “We really are trying to limit the trade cycles to shorter terms, but at the end of the day we have to stay competitive,” Buzzell told Bloomberg News…
Weekend Reading – Dead simple investing, selling Berkshire, household expenses, and #money stuff
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.Weekend Reading
Welcome to my latest Weekend Reading edition. I hope you’ve had a good week. As I write this post, we’re bracing for yet another winter storm in Ottawa. I suppose it could be worse – our friends down east in St. John’s might be getting up to 50 cm of snow over the next few days. *Sigh* Will winter ever end? Sure, it looks nice but it’s been 5 months and I want to see solid ground
Here are my writings from the past week:
Can you have too much money in your RRSP? Read on to find out what most readers told me.
This marks the end of Fraud Prevention Month # FPM2017 but I believe, based on my own recent case study here, every day of every month is fraud prevention month.
Enjoy the rest of these articles and we’ll chat next week.
Mark
The Globe and Mail offered some dead simple investing solutions for DIY investors. On a related note, here are my ideas about some simple all-in-one investing solutions…
Banks, not commodities, now steer Canada’s market trends
– theglobeandmail.com
While materials and energy stocks are still mighty forces, the financial sector is by far the most dominant subset in Canadian equities
