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
High borrowing costs, record completions lead to condo oversupply Sep 12th
Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.
A report by TD economist Rishi Sondhi said sales activity hasn’t been absorbing supply fast enough.... More »
Tullow Oil CEO Resigns After Company Loses Half Its Value - OilPrice.com Dec 9th
Tullow Oil CEO Resigns After Company Loses Half Its Value OilPrice.comTullow Oil shares dive as chief is ousted amid problems in Ghana The GuardianA British oil stock tanked 60% after the shock resignation of the CEO and head of exploration Business InsiderTullow sha.... More »
Student Money Guide Jun 22nd
There’s more to college and university than just classes. Navigating the costs that come with a post-secondary program is just as much a learning experience as Psych 101—for both students, and the adults in their lives. The best time to start—both saving for school, and learning how to handle .... 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 »
Should you hold on to unused RRSP contributions? + MORE Dec 4th
Ask MoneySense
I have $66,000 unused RRSP contributions for the 2023 tax year (unused deductions, not unused contributions).
My plan is to start my RRSP withdrawals in January 2025, and to start claiming the unused deductions on my 2025 taxes, when most likely it will be over $70,000. In 2025, I .... More »
The rise of value-driven equity markets, getting offensive and what REIT investors shouldn't ignore
– theglobeandmail.com
A roundup of investment ideas for active investors
Telecommunications and technology sectors help push Toronto market higher
– canadianbusiness.com
The telecommunications and technology sectors helped lift Canada’s main stock index in late morning trading today.
The S&P/TSX composite index was up 79.44 points to 15,223.31 after 90 minutes of trading.
In New York, the Dow Jones industrial average advanced 87.73 points to 21,978.85, the S&P 500 index edged up 3.40 points to 2,475.50 and the Nasdaq composite index added 15.48 points to 6,363.61.
The Canadian dollar was trading at 80.11 cents US, up a nudge from Monday’s average price of 80.10 cents US.
The September crude contract was down 50 cents to US$49.67 per barrel and the September natural gas contract was up one cent to US$2.80 per mmBTU.
The December gold contract was up US$5.50 to US$1,278.90 an ounce and the September copper contract was unchanged at US$2.89 a pound.
The post Telecommunications and technology sectors help push Toronto market higher appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index was up 79.44 points to 15,223.31 after 90 minutes of trading.
In New York, the Dow Jones industrial average advanced 87.73 points to 21,978.85, the S&P 500 index edged up 3.40 points to 2,475.50 and the Nasdaq composite index added 15.48 points to 6,363.61.
The Canadian dollar was trading at 80.11 cents US, up a nudge from Monday’s average price of 80.10 cents US.
The September crude contract was down 50 cents to US$49.67 per barrel and the September natural gas contract was up one cent to US$2.80 per mmBTU.
The December gold contract was up US$5.50 to US$1,278.90 an ounce and the September copper contract was unchanged at US$2.89 a pound.
The post Telecommunications and technology sectors help push Toronto market higher appeared first on Canadian Business – Your Source For Business News.
B.C government reviewing foreign buyers’ tax
– moneysense.ca
VANCOUVER — The British Columbia government is reviewing the foreign buyers’ tax in the Vancouver area and the interest-free loan program to first-time homebuyers to determine whether they have helped improve affordability, the province’s new housing minister says.
In an interview Monday, Selina Robinson said she and provincial Finance Minister Carole James will go over real estate transaction data in an effort to decide whether such measures should be kept, revised or scrapped altogether.
“I don’t know that we have any plans to eliminate it,” Robinson said of the 15 per cent foreign buyers’ levy, nearly a year after the previous Liberal government introduced it for Metro Vancouver.
“There’s certainly enough data that would help us to understand its value, and so, we have to look at that data.”
In an interview Monday, Selina Robinson said she and provincial Finance Minister Carole James will go over real estate transaction data in an effort to decide whether such measures should be kept, revised or scrapped altogether.
“I don’t know that we have any plans to eliminate it,” Robinson said of the 15 per cent foreign buyers’ levy, nearly a year after the previous Liberal government introduced it for Metro Vancouver.
“There’s certainly enough data that would help us to understand its value, and so, we have to look at that data.”
Is a foreign buyers tax needed? Generations disagree
Robinson said she understands the tax had some impact early on, but that is starting to slip away…
Are Canadians less likely to get married?
– macleans.ca
MONTREAL — In a 37-year relationship that has seen them have three children together, Helene Gauvin and her partner, Andre Jauvin, have never formally tied the knot.
While they’ve talked about getting married from time to time, they’ve always decided they’re too busy or would rather spend their money on a great vacation.
“Emotionally, I don’t need it, legally neither,” Gauvin, 58, said in an interview. “It wouldn’t bring anything to my life that I don’t already have.”
New numbers on families, households and marital status from the 2016 census to be released Wednesday by Statistics Canada will likely show that more and more couples are reaching similar conclusions and seeing no reason to tie the knot.
According to Nora Spinks of the Vanier Institute of the Family, the decline in marriage is largely because the factors that traditionally pushed couples to marry are less and less present.
Those factors included traditional religious beliefs, a societal disapproval of sex outside marriage, and financial necessity, all of which have eroded over time…
Apple’s earnings climbed 12 per cent to $8.7 billion US in the company’s latest quarter amid rising demand for iPhones, iPads and Mac computers.
