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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So you fell short of your financial goals in 2025—here’s how to do better Dec 26th
Did you fall behind on your financial goals for 2025? If so, you’re not alone. According to a survey by online estate planning platform Willful, 58% of Canadians reported postponing financial tasks they’d earmarked for the year, such as paying down debt, contributing to registered savings and in.... More »
Musk says Tesla shareholders voting yes for his $56 billion pay package - Yahoo Canada Finance + MORE Jun 13th
Musk says Tesla shareholders voting yes for his $56 billion pay package Yahoo Canada FinanceMusk says Tesla shareholders voting yes for his $56 bln pay package ReutersTesla stock pops 7% as Elon Musk declares victory in $46 billion pay vote QuartzMusk says he has Tes.... More »
Trudeau to announce $37.5M investment in biotech company - CBC News + MORE Mar 4th
Trudeau to announce $37.5M investment in biotech company CBC NewsPrime Minister speaks at Liberal fundraising event in P.E.I. Global NewsPrime Minister Justin Trudeau to speak at Liberal fundraiser in Prince Edward Island The Globe and MailView full coverage on Googl.... More »
Having a will is essential (and easier than you think) + MORE Jun 18th
Writing a will is one of those things that tends to sit on your to-do list indefinitely, right up there with organizing old paperwork or finally cleaning out the basement. You know it matters and that you’ll get to it eventually, but it never seems to make it to the top of the priority list.
.... More »
The best GIC rates in Canada for 2025 + MORE Jul 14th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Investing vs. paying off the mortgage faster
– moneysense.ca
TORONTO —Juan Pablo de Dovitiis finds himself grappling with the perennial personal finance chestnut of whether he’s better off paying down his mortgage faster or investing instead.
With mortgage rates sitting near record lows, the 40-year-old Torontonian figures the return on his invested dollar should exceed the guaranteed savings from making additional payments on his home.
But with many experts warning rates will rise in Canada in the coming years — as high as a few percentage points, suggests Desjardins chief economist Francois Dupois— de Dovitiis wonders if chipping away at his mortgage is the smarter bet.
“Pay down my mortgage or invest,” he says. “How do I find out what’s the best course of action?”
Jason Heath, a fee-only financial planner with Objective Financial Partners in Markham, Ont., says in theory investing should win out over debt repayment provided you’re a long-term, aggressive investor. But that’s not necessarily the case in practice…
With mortgage rates sitting near record lows, the 40-year-old Torontonian figures the return on his invested dollar should exceed the guaranteed savings from making additional payments on his home.
But with many experts warning rates will rise in Canada in the coming years — as high as a few percentage points, suggests Desjardins chief economist Francois Dupois— de Dovitiis wonders if chipping away at his mortgage is the smarter bet.
“Pay down my mortgage or invest,” he says. “How do I find out what’s the best course of action?”
Jason Heath, a fee-only financial planner with Objective Financial Partners in Markham, Ont., says in theory investing should win out over debt repayment provided you’re a long-term, aggressive investor. But that’s not necessarily the case in practice…
The close: TSX dips as oil price drop offsets bank earnings
– theglobeandmail.com
S&P 500 hits record high after upbeat retail results
This retail stock should see lots of trading action Friday
– theglobeandmail.com
Company's third-quarter earnings results, released after the bell Thursday, are a bright spot for the retail sector
Nigel Wright, former chief of staff to Prime Minister Stephen Harper, makes his way through a crush of media as he arrives to testify at the criminal trial of embattled Sen. Mike Duffy in Ottawa Wednesday, August 12, 2015. THE CANADIAN PRESS/Justin TangOTTAWA – Canada’s ethics commissioner says former prime minister Stephen Harper’s chief of staff violated federal rules, including the Parliament of Canada Act, when he tried to help pay off Mike Duffy’s Senate expenses.
In a report today, Mary Dawson says Nigel Wright shouldn’t have pressed the Conservative party’s chief bagman for cash to cover Duffy’s bills, which were under political and legal scrutiny in 2013.
Dawson says Wright improperly used his position in the Prime Minister’s Office to further Duffy’s private interests in contravention of ethics rules when he asked the party for financial help.
That plan failed to produce the funds Wright needed to make a political problem go away, so he eventually used $90,000 of his own money to pay off Duffy’s expenses…
Preserving and building family wealth
– moneysense.ca
This is an excerpt from Chris Clarke’s book, True Family Wealth: Love, Money & the Inspired Life. Read our review here.
Most of us think wealth is just money: the cash in our bank, the value of our home, or the size of our financial portfolio. Some people chase it; others hoard it or fear it. For most, money represents safety and security, and we spend a considerable chunk of our lives trying to accumulate it. And we worry about it—for some, almost constantly. As a consequence, all too often families break up over money distress.
Money no longer goes as far as it once did. As the co-owner and CEO of a family office wealth management firm, I have been fortunate to work with families of wealth for the past thirty years. I can tell you many of these folks have trouble with the idea of money too. These wealth creators have millions of dollars at their disposal and yet they’re often afraid it will be lost, which makes them feel insecure about their and their children’s future (the more you have, the more you have to lose in so many ways)…
Most of us think wealth is just money: the cash in our bank, the value of our home, or the size of our financial portfolio. Some people chase it; others hoard it or fear it. For most, money represents safety and security, and we spend a considerable chunk of our lives trying to accumulate it. And we worry about it—for some, almost constantly. As a consequence, all too often families break up over money distress.
Money no longer goes as far as it once did. As the co-owner and CEO of a family office wealth management firm, I have been fortunate to work with families of wealth for the past thirty years. I can tell you many of these folks have trouble with the idea of money too. These wealth creators have millions of dollars at their disposal and yet they’re often afraid it will be lost, which makes them feel insecure about their and their children’s future (the more you have, the more you have to lose in so many ways)…
