Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Lower Rates Means Less Stress in the “Stress Test” + MORE Jul 24th
Starting now, Canadian mortgage seekers will find it easier to qualify for more money. That’s because the Bank of Canada has dropped its five year benchmark qualifying rate from 5.34 percent to 5.19 percent. This is the rate banks use to qualify would-be-homebuyers for a mortgage.
This is the fir.... More »
The best TD credit cards in Canada 2021 May 31st
Before we talk about the best TD credit cards in Canada, let’s talk about TD. Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s big five banks. It offers a wide array of financial services including an impressive portfolio of mo.... More »
How to Buy and Sell Bitcoin and Other Cryptocurrency in Canada Aug 26th
If you pay attention to investing news at all, it’s impossible not to notice the emergence of Bitcoin. This speculative currency has become enormously popular in Canada, with online exchanges and Bitcoin ATMs showing up just about everywhere. Still, there are many questions that need to be asked. .... More »
The best TD credit cards in Canada 2020 Sep 25th
Before we talk about the best TD credit cards in Canada, let’s talk about TD. Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s big five banks. It offers a wide array of financial services including an impressive portfolio of mo.... More »
Do you need that bank mutual fund? Maybe not Jul 10th
A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.
The survey of close to 3,000 dealers by the Ontario Securities Commission and the Canadian Investment Regulatory Organization found that 25% say.... More »
Engineering a profitable portfolio
– moneysense.ca
Somayaji Ayalasomayajula, 22, Mechanical Engineer, TorontoI’ve been interested in growing my money since I was 12. At a pretty young age my dad gave me some money and helped me buy a GIC (guaranteed income certificate) with it. I think the aim was to help me see how money grows through interest and compounding. After that, my dad and I got a bank statement every three months that showed I made about $20 in interest on that GIC. I thought that was just the greatest thing.
I’ve always loved the Internet and computers and am a big self-learner. At age 18, I opened a self-directed account with one of the Big Five banks and bought a mutual fund. I really didn’t like the interface that the site offered for trading stocks, which is what I eventually wanted to do, so I started reading up on different self-directed accounts with other financial institutions. I finally found an interface I liked through Questrade. The more up-to-date interface meant I could generally trade fairly quickly, which was what I wanted at the time…
