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
Ride-hailing services Uber and Lyft preparing to become public companies + MORE Dec 10th
The two largest ride-hailing companies appear set to go public, with both Uber and Lyft making confidential filings with the U.S. Securities Commission for an IPO..... More »
Could you become a millionaire by investing the minimum wage hike? + MORE Jan 23rd
(Shutterstock)
Ontario Premier Kathleen Wynne increased the minimum wage from $11.60 per hour to $14.00 per hour on January 1, 2018. The rate will rise to $15.00 on January 1, 2019, meaning a 29% total increase. Besides Alberta and the territories, the other Canadian provinces have minimum wages of .... More »
Simple daily practices that will empower you financially Nov 2nd
Sharpening your financial skills is an act of self-love. Follow these expert tips to take control of your finances, even if you’re starting from zero..... More »
How to protect yourself from identity fraud in Canada + MORE May 26th
In 2024, Canadians lost a jaw-dropping $638 million to fraud, according to the Canadian Anti-Fraud Centre (CAFC). That’s already a hefty $60 million more than losses reported the previous year, but the true total is likely much, much higher—experts at the CAFC say that less than 5% of scams are .... More »
Are you receiving the child benefits you’re entitled to? + MORE Jun 13th
No surprise, but raising kids is expensive. Statistics Canada calculates that each child costs a two-parent household an average of $17,235 a year.
To help parents make ends meet, the federal government offers the Canada Child Benefit (CCB). If you have children under 18 and file a tax return, yo.... More »
Donald Trump delivers remarks while campaigning at Regent University October 22, 2016 in Virginia Beach, Virginia. (Win McNamee/Getty Images)OTTAWA – Canada’s envoy to Washington has shot back at criticism by President Donald Trump and U.S. milk producers, saying the facts don’t support a charge that the Canadian dairy industry is to blame for the woes of some American farmers.
“Canada does not accept the contention that Canada’s dairy policies are the cause of financial loss for dairy farmers in the United States,” Ambassador David MacNaughton said in a letter to the governors of Wisconsin and New York that was released Tuesday night in rebuttal to Trump’s surprise criticism of Canada earlier in the day.
“The facts do not bear this out.”
The U.S. president’s surprise decision to call out Canada by name Tuesday put dairy farmers north of the border on notice that they are in America’s fair-trade sights.
Trump launched his broadside after a brewing trade spat that has seen the U…
Ontario to place 15 per cent tax on foreign home buyers
– macleans.ca
A pedestrian walks between homes for sale in the Leslieville neighborhood of Toronto, Ontario, Canada, on Saturday, March 4, 2017. (Mark Sommerfeld/Bloomberg/Getty Images)TORONTO – The Canadian Press has learned the Ontario government will place a 15 per cent tax on non-resident foreign buyers as part of a much-anticipated package of housing measures to be unveiled today, aimed at cooling a red-hot market.
Premier Kathleen Wynne and Finance Minister Charles Sousa have signalled that the measures will take aim at speculators, expedite more supply, tackle rental affordability and look at realtor practices.
The average price of detached houses in the Greater Toronto Area rose to $1.21 million last month, up 33.4 per cent from a year ago, but Wynne says the issue extends throughout the Golden Horseshoe area.
Sousa says investing in real estate is not a bad thing, but he wants speculators to pay their fair share.
He says the measures will also look at how to expedite housing supply, and he has appeared receptive to Toronto Mayor John Tory’s talk of a vacant homes tax…
Wind turbines behind a house with solar panels. (Nick Hanna/Alamy)OTTAWA – Canada’s clean technology sector, once pegged as a growth industry with the potential to be worth $50 billion by the year 2022, is bleeding money and falling behind international competition, a new report says.
Using financial data provided by 148 clean tech companies, the 2017 Analytica Advisors report finds an industry that has grown quickly, with 850 firms and 55,200 direct employees, up from 729 firms and 38,800 employees in 2011.
In its first annual report on the industry in 2011, Analytica said clean technology had the potential to become an industry worth upwards of $50 billion in Canada over the course of the next decade.
That goal is now “out of reach,” said Analytica president Celine Bak, without a significant change in how financial markets make capital investments.
“When I made that call several years ago, there was an assumption at that time that financial markets would move more quickly than they have,” Bak said…
Canada's clean tech industry falling behind international competition: report
– theglobeandmail.com
Report says Canada needs to overhaul how financial markets make capital investments in the industry
