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
Watch the ScotiaAdvice+ Virtual Panel: Investing in Uncertain Times Jan 18th
Panellists
Jean-François Perrault
Senior Vice-President and Chief Economist, Scotiabank
Judith Chan, CFA
Portfolio Manager and Director of Portfolio Solutions
Scotia Global Asset Management, Scotiabank
Iris Gu
Financial Advisor, Investment and Retirement Planning, Scotiabank
Learn more
Visit the S.... More »
Sobey families consolidate Empire voting shares into single holding company + MORE Dec 29th
STELLARTON, N.S. _ The three branches of the Sobey family that control Canada’s second-largest grocery business have decided to put all of their Class B shares of Empire Co. Ltd. into a single holding company.
The president of the new holding company, Stewart Mahoney, says the three families b.... More »
Average house price fell 11% in past year, CREA says + MORE May 15th
The average price of a Canadian home declined by more than 11 per cent in the 12 months up to April, the Canadian Real Estate Association said Tuesday..... More »
A parents’ guide to home down payment gifts and loans + MORE Aug 20th
It used to be that parents budgeted for post-secondary education or contributing to the costs of a child’s wedding. But now, I am increasingly finding parents planning for home down payment gifts.
The statistics support this and show an increase in down payment help in recent years. A CIBC stud.... More »
Is real estate the best investment for a Canadian retiree? + MORE May 12th
Real estate investing has its merits. And certain markets have performed exceptionally well in Canada over the past generation. But sometimes, especially as you approach retirement, you should reconsider your real estate strategy.
Which has better returns? Real estate versus stocks
Some Canadi.... More »
An inside look at Fort McKay First Nation’s historic investment
– canadianbusiness.com
Suncor and Fort McKay First Nation come together to create a mutually beneficial investment deal.When businesses and communities work together, everyone benefits. The East Tank Farm agreement between Suncor, Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) communities in Alberta is a perfect example.
In the fall of 2016, Suncor, FMFN and MCFN announced that they were entering into an equity partnership, to be named “Thebacha” – The Dene word for “river”, in Suncor’s East Tank Farm (ETF) development. ETF will consist of bitumen storage, blending, and cooling facilities and is the only point of connection between the Fort Hills Mine and downstream customers.
The deal is expected to represent the largest business investment to date by a First Nation entity in Canada and not only demonstrates the great potential for partnerships between First Nations and industry but serves as a model for how First Nations can achieve greater self-determination through financial independence…
ETF adoption in Canada accelerates at a stunning pace
– theglobeandmail.com
If trends continue at their current pace, within the next two years structured products such as exchange-traded funds could outnumber operating companies on the TSX
Shares of Hudson’s Bay Co. slipped on the TSX on Friday, a day after the retailer reported a drop in its sales.
The value of independent financial advice
– moneysense.ca
Certified financial planner and president of De Thomas Wealth Management Tony DeThomasis explains the difference between a financial planner and a money manager—and why understanding the difference is key to financial health.
Early in April, MoneySense did a Q&A with Tony DeThomasis, president of De Thomas Wealth Management. De Thomasis, the author of Finding a financial advisor that’s right for you believes it’s important for Canadians to have a holistic approach to their finances. Sure, investment returns are important but so are other concerns like estate planning, insurance reviews and understanding your personal tax situation. MoneySense writer Julie Cazzin asked De Thomasis several questions and here’s what he had to say:
MoneySense: What has changed since your start in the financial planning industry 40 years ago?
Right now, being a money manager is very, very competitive. That wasn’t the case 40 years ago. In the 1970s if you wanted to have your money managed you had just two options: hiring a stockbroker, or investing on your own in a handful of mutual funds…
