At midday: TSX rises as commodity price gains boost resource stocks + MORE Jul 25th

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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The best GIC rates in Canada for 2025 + MORE Oct 6th

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. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
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This Toronto condo in the Entertainment District is going for $800K. Here’s why it’s a hard sell + MORE Mar 11th

A rare, larger condo in the city, this 800-square-foot unit listing is also steps away from the Financial and Entertainment Districts, nightlife and transit..... More »
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Billie Eilish calls out billionaires with Mark Zuckerberg in the audience - CBC + MORE Oct 31st

Billie Eilish calls out billionaires with Mark Zuckerberg in the audience  CBCBillie Eilish urged billionaires to give away their money right after it was announced she was donating millions  CP24Billie Eilish calls on billionaires to give away their wealth—with Mark Zuckerberg.... More »

Callidus Capital denies it is subject to whistle-blower complaints + MORE Aug 10th

Callidus Capital Corp. and its parent, Catalyst Capital Group, are reported to have inflated the value of assets and deceived borrowers on the terms of loans .... More »

Silicon Valley Bank's Toronto branch assets seized - CP24 Mar 13th

Silicon Valley Bank's Toronto branch assets seized  CP24Canada's top banking regulator takes temporary control of Silicon Valley Bank's Canadian branch  CBC NewsOSFI takes control of Silicon Valley Bank's Canadian unit  The Globe and MailSVB collapse puts Fed's faith in.... More »
Copper miner Freeport-McMoRan's shares jumped to a 16-month high on Tuesday

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CBC.caFirst Nations say the can build more projects with changes to federal fundingTheChronicleHerald.caREGINA — First Nations leaders say they'll be able to do more projects and build more homes because of changes that give them more control over financial resources. The federal government says First Nations will now be able to carry funding from …'Communities know best': FSIN, feds to reform child care for Sask. First NationsYahoo News Canada (blog)Canada's Indigenous leaders kick off annual meeting in SaskatchewanRadio Canada Internationalall 14 news articles »

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Strong earnings boost S&P, Dow; Alphabet drags Nasdaq

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The retirement reshuffle

– moneysense.ca

The retirement reshuffleQ: I am married with a minor son. My wife and I have been successful saving and investing. Presently we have in excess of fifteen accounts. Mostly in equities and ETFs. These include RRSPs, TFSAs, RESPs, LIRAs, margin accounts, both USD and CAD.
I would appreciate your thoughts on diversification and winding down as we approach retirement.
—Jeff
A: Congratulations on your pending retirement, Jeff. Going to work and accumulating savings is the easy part. Figuring out what to do with a spare 40 hours per week and how to draw down on your nest egg is the hard part.

Would combining RRSP accounts save us money? »

First off, I would be inclined to do some consolidating. I’d like to hope you could reduce your fifteen accounts down to nine at most. I could see you each needing an RRSP, a TFSA and a LIRA, but you could get away with a single RESP and Canadian and U.S. dollar margin accounts. Perhaps you have group retirement accounts or Canadian and U.S. dollar registered accounts, but if it’s just a case of having two RRSPs in your name or multiple RESPs, for example, I’d start by combining like accounts…

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CRM2 disclosure rules give investors a better look at fees – but not the whole picture

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