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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Making sense of the markets this week: September 22, 2024 + MORE Sep 20th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
U.S. Fed cuts rates for the first time in four years
The U.S. dollar remains the most important currency in the world, a.... More »
Do you have real estate FOMO? What you need to know before it affects your finances + MORE May 3rd
The fear of missing out on owning a home, a.k.a. real estate FOMO, can be a powerful feeling—especially if you’re watching from the sidelines as home values soar. “I think of all the ‘high-priced’ $600,000 homes I could have purchased,” says Candice Best, a public relations executive bas.... More »
Taking stock of how Maple Leafs’ depth forwards have performed so far - Sportsnet.ca Feb 23rd
Taking stock of how Maple Leafs’ depth forwards have performed so far Sportsnet.caGalchenyuk skates with shorthanded Leafs TSNFlames @ Maple Leafs 2/22/21 | NHL Highlights NHLTop 10 Toronto Maple Leafs Moments of the 2021 Season (So Far) Editor in LeafMa.... More »
How to Improve Your Employees’ Financial Wellness Apr 3rd
In today’s challenging economy, Canadians seek ways to stretch their hard-earned dollars and minimize financial strain. But learning how to make the most of every paycheque isn’t always clear or easy, which can cause added stress. Employers can help empower their employees to achieve financial w.... More »
The best RRSPs in Canada for 2024 + MORE May 23rd
RRSPs
The best RRSPs in Canada
We’ve rounded up the best RRSP rates on savings accounts and GICs, as well as the best RRSP investment accounts.
Compare now
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(iStock)If you don’t know them personally, you’ve read about them: the woebegone residents of Vancouver, Toronto, and the surrounding areas of those two cities who bought too much house. Some of you pity them; so unfair their time to buy arrived at the frothiest stages of a property bubble. But I bet just as many of you are disdainful. You ask: Why the hell don’t these people rent?
Hold onto those competing impressions. We will be coming back to them.
The economy just survived a scare. For a few weeks in May, Home Capital Group Inc. looked like it would become the first Canadian financial institution to collapse since the 1990s. But HomeCap still is with us, and the chatter that its troubles herald a housing meltdown has subsided. “From the very beginning, we have seen this as a Home Capital issue as opposed to a broader issue,” Finance Minister Bill Morneau told the Globe and Mail on May 12.
Home Capital, a subprime lender, is too small to cause much trouble on its own. (Its mortgages account for about one per cent of the total market…
The ETF revolution is just getting started
– moneysense.ca
Deborah Fuhr, partner, and co-founder of ETFGI, an independent research and consultancy firm based in London, is one of the world’s most respected voices on ETFs. Fuhr has over 20 years of experience, with 15 years focusing exclusively on ETFs. MoneySense caught up with Fuhr during a recent visit to Toronto to get her perspective on the evolving ETF market and how it’s changing the way investors manage their money. MoneySense: The way people manage their money has changed dramatically in a very short time. ETFs have cut costs while the new and growing segment of robo advisors is giving investors access to help that they never had before. How do you expect this trend to evolve?
Deborah Fuhr: I think that millennials are embracing the use of automated or robo advice, but more importantly, and a related trend, many people close to retirement age are using robos to do their homework and to become educated such that they can have informed conversations with financial advisors…
GTA home sales fell 20% last month: TREB
– moneysense.ca
TORONTO — The Toronto Real Estate Board says home sales in the Greater Toronto Area plunged last month by 20.3 per cent as prices continued to climb.
The board says the average selling price for all properties in May was $863,910, an increase of 14.9 per cent from the same month last year.
Sales of detached homes, which had an average selling price of $1,141,041, fell by 26.3 per cent in the GTA.
The data captures a month during which the Ontario government implemented a 15 per cent tax on foreign buyers in the Greater Golden Horseshoe, a fast-growing region stretching from the Niagara Region to Peterborough, Ont., retroactive to April 21.
The board says the average selling price for all properties in May was $863,910, an increase of 14.9 per cent from the same month last year.
Sales of detached homes, which had an average selling price of $1,141,041, fell by 26.3 per cent in the GTA.
The data captures a month during which the Ontario government implemented a 15 per cent tax on foreign buyers in the Greater Golden Horseshoe, a fast-growing region stretching from the Niagara Region to Peterborough, Ont., retroactive to April 21.
Greater Toronto’s real estate market outlook 2017
The measures are intended to temper rapid price growth that has given rise to concerns that Toronto has become increasingly unaffordable.
They are also aimed at preventing or mitigating the damage that could result from a housing correction if one were to occur.
The board said in a statement Monday that the effects of Ontario’s housing changes have yet to be seen…
CBC.caTREB May numbers show a soft month for Toronto real estate marketCBC.caHas the searing Greater Toronto Area housing market lost some of its sizzle? . According to the latest statistics from the Toronto Real Estate Board (TREB), the annual pace of increase for the City of Toronto house prices rose by nearly 15 per cent …Efforts to cool housing market working as Toronto home sales fallToronto SunToronto home sales drop most since recession as new rules put brakes on marketFinancial PostPlummeting Toronto Home Sales 'Exactly What The Region Needs'Huffington Post CanadaCanadian Lawyer Magazine -Reuters Canada -Financial Times -Toronto Starall 24 news articles »
Alphabet shares follow in Amazon’s footsteps and top $1,000
– theglobeandmail.com
The parent company of Google and online retail juggernaut Amazon are part of a small group of stocks belonging to companies that have shunned stock splits
