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.
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Is Gold Still a Substance Worth Investing In? May 15th
From gold stocks and ETFs to buying actual gold, you’ve got options when it comes to investing in this most regal of metals. But, what is gold’s purpose, and why should an investor even get into the market? As an asset, gold’s intrinsic qualities make it a necessary part of an investment portf.... More »
Bitcoin prices drop on news South Korea still considering crackdown + MORE Jan 16th
Prices of bitcoin and other digital currencies fell after South Korea's top financial policymaker said a crackdown on trading of cryptocurrencies was still an option..... More »
Hedging against inflation with dividend-paying stocks + MORE Apr 1st
Dividend-paying stocks typically don’t get much attention, but that’s changing as investors look for ways to protect their wealth in the face of market turbulence and inflation. Investing in dividend-paying stocks is one proven way to both grow your portfolio and cushion it against loss. That’.... More »
3 Types of Cognitive Biases that Can Lead to Huge Investment Mistakes + MORE Feb 24th
When it comes to investing, we’re all aware that what we don’t know can hurt us. That’s why we spend time doing research on stocks, ETFs, companies that are poised for strong long-term future growth such as those in the biotech field, green tech, unified communications solutions — and the li.... More »
Robo-advisor or all-in-one ETF: which is best for new investors? + MORE Jun 24th
Before delving in here, just a reminder that I am a Certified Financial Planner who does not sell any financial products, so I have no horse in this race. This commentary is entirely objective.
In my opinion, the best thing about the evolution of the investment industry is a (slight) increa.... More »
Most homeowners would have mortgage trouble if payments rose by more than 10%: poll
– canadianbusiness.com
Nearly three quarters of Canadian homeowners say they would have difficulty paying their mortgage if their payments were to increase by more than 10 per cent, says a new survey by Manulife Bank.
Thirty-eight per cent of those polled say their mortgage bills could rise between one to five per cent before they would have financial difficulty; 20 per cent say they could sustain an increase in payments between six to 10 per cent before having trouble; and 14 per cent say any hike would be a problem.
Twenty-two per cent said they could handle a payment increase of between 11 to 30 per cent, while the remaining seven per cent didn’t know or were unsure.
“What these people don’t realize is that we’re at record low interest rates today,” said Rick Lunny, president and CEO of Manulife Bank (TSX:MFC), adding that a 10 per cent increase in mortgage payments could be the result of as little as a one per cent interest hike.
“When you put it into that context, they’re not really prepared for what is inevitable…
Thirty-eight per cent of those polled say their mortgage bills could rise between one to five per cent before they would have financial difficulty; 20 per cent say they could sustain an increase in payments between six to 10 per cent before having trouble; and 14 per cent say any hike would be a problem.
Twenty-two per cent said they could handle a payment increase of between 11 to 30 per cent, while the remaining seven per cent didn’t know or were unsure.
“What these people don’t realize is that we’re at record low interest rates today,” said Rick Lunny, president and CEO of Manulife Bank (TSX:MFC), adding that a 10 per cent increase in mortgage payments could be the result of as little as a one per cent interest hike.
“When you put it into that context, they’re not really prepared for what is inevitable…
Growth council’s new tasks: unlock business spending, broaden job skills help
– canadianbusiness.com
The Trudeau government’s influential team of economic advisers is pursuing solutions to an issue that has preoccupied policy-makers for years _ how to open the spigot on business investment.
The chair of Finance Minister Bill Morneau’s growth council tells The Canadian Press that the group’s next report, due this fall, will outline ways to encourage more business investment with the aim of reversing several years of decline.
Dominic Barton says the council is also working to build upon past recommendations on how to ensure Canadians acquire the skills needed for the rapidly transforming needs of the country’s workforce.
Barton, the global managing partner of consulting giant McKinsey & Co., says this time the advisers will focus on a plan to help higher-skilled workers who, like lower-skilled workers, face the possibility of losing their jobs in the future because of factors such as automation.
Since its creation last year, the council’s advice has played a key role in the development of government policy…
The chair of Finance Minister Bill Morneau’s growth council tells The Canadian Press that the group’s next report, due this fall, will outline ways to encourage more business investment with the aim of reversing several years of decline.
Dominic Barton says the council is also working to build upon past recommendations on how to ensure Canadians acquire the skills needed for the rapidly transforming needs of the country’s workforce.
Barton, the global managing partner of consulting giant McKinsey & Co., says this time the advisers will focus on a plan to help higher-skilled workers who, like lower-skilled workers, face the possibility of losing their jobs in the future because of factors such as automation.
Since its creation last year, the council’s advice has played a key role in the development of government policy…
Are we pushing millennials into a financial abyss of home ownership?
– theglobeandmail.com
Helping your kids buy a house is a fact of life for many parents, but you could be putting them into a situation they can’t handle
Canada’s main stock index chalked up a moderate gain today as financial stocks got a boost ahead of Canadian bank earnings this week.
BlackBerry boost helps push Toronto stock index moderately higher
– canadianbusiness.com
Canada’s main stock index made moderate gains in morning trading today with help from banks, utilities and BlackBerry.
The Toronto Stock Exchange’s S&P/TSX composite index was up 41.19 points to 15,499.65 after 90 minutes of trading.
One of the biggest individual gainers was BlackBerry, up almost nine per cent and at its highest level in about four years.
In New York, the Dow Jones industrial average advanced 34.48 points to 20,929.31, the S&P 500 index added 3.04 points to 2,397.06 and the Nasdaq composite index was down 1.43 points to 6,132.19.
The Canadian dollar was trading at 74.20 cents US, up from Friday’s average price of 73.83 cents US.
The July crude contract was up five cents at US$51.18 per barrel and the June natural gas contract was down four cents at US$3.29 per mmBTU.
The June gold contract was up 70 cents to US$1,260.70 an ounce and the July copper contract was down one cent at US$2.59 a pound.
The post BlackBerry boost helps push Toronto stock index moderately higher appeared first on Canadian Business – Your Source For Business News.
The Toronto Stock Exchange’s S&P/TSX composite index was up 41.19 points to 15,499.65 after 90 minutes of trading.
One of the biggest individual gainers was BlackBerry, up almost nine per cent and at its highest level in about four years.
In New York, the Dow Jones industrial average advanced 34.48 points to 20,929.31, the S&P 500 index added 3.04 points to 2,397.06 and the Nasdaq composite index was down 1.43 points to 6,132.19.
The Canadian dollar was trading at 74.20 cents US, up from Friday’s average price of 73.83 cents US.
The July crude contract was up five cents at US$51.18 per barrel and the June natural gas contract was down four cents at US$3.29 per mmBTU.
The June gold contract was up 70 cents to US$1,260.70 an ounce and the July copper contract was down one cent at US$2.59 a pound.
The post BlackBerry boost helps push Toronto stock index moderately higher appeared first on Canadian Business – Your Source For Business News.
