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
Making sense of the markets this week: February 13 + MORE Feb 11th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Earnings season continues, the halftime report
Last year’s Q4 financial reporting seems to be the most “normal” earnings season we’ve had in the past two y.... More »
10 ways women can grow their wealth + MORE Mar 8th
Women can often have a tougher time than men when it comes to money. That’s not because women are bigger spenders than men or that they simply aren’t interested in building wealth and investing. The truth is, there are real structural roadblocks to attaining financial freedom for women compared.... More »
How to start an emergency fund Oct 29th
Emergency fund. You’ve heard or read those two words countless times since the COVID-19 pandemic landed with an impact that’s been financially challenging, and even devastating, for many Canadians. You know you should have an emergency fund to dip into in case of job loss, illness, or another ur.... More »
RBC joins ranks of global banks deemed ‘too big to fail’ + MORE Nov 21st
Bank has been added to the list of 30 global systemically important banks by the Financial Stability Board of international regulators
.... More »
WhatsApp clarifies privacy practices after surge in Signal and Telegram users - The Verge Jan 12th
WhatsApp clarifies privacy practices after surge in Signal and Telegram users The VergeSignal sees meteoric rise in daily installs as people look for WhatsApp alternatives The Globe and MailDownloads of Signal messaging app skyrocket after WhatsApp reveals it will share user da.... More »
Aimia in talks with new Aeroplan partners as it braces for Air Canada’s departure
– canadianbusiness.com
Loyalty program operator Aimia Inc. (TSX:AIM) swung to a loss of $25.1 million in its latest quarter as it said it’s in talks with a number of potential partners to replace its departing Aeroplan partner Air Canada (TSX:AC).
CEO David Johnson wouldn’t provide details of the Montreal-based company’s plans for replacing Air Canada on a conference call with analysts Thursday, but said to “expect a re-invented program which will continue to be multi-airline.”
Johnson and departing chief financial officer Tor Lonnum said during the call that Aimia’s diversified customer base and cash resources are giving management time to cut costs, simplify the business and find new offerings for card holders.
Still, Johnson said Aeroplan customers mainly use their points for travel, and that’s likely to continue both before and after 2020 when Air Canada will begin to operate its own points program.
By the end of 2019, Aimia said it expects to reduce annualized costs by $70 million, in part by cutting its workforce by 10 per cent this year…
CEO David Johnson wouldn’t provide details of the Montreal-based company’s plans for replacing Air Canada on a conference call with analysts Thursday, but said to “expect a re-invented program which will continue to be multi-airline.”
Johnson and departing chief financial officer Tor Lonnum said during the call that Aimia’s diversified customer base and cash resources are giving management time to cut costs, simplify the business and find new offerings for card holders.
Still, Johnson said Aeroplan customers mainly use their points for travel, and that’s likely to continue both before and after 2020 when Air Canada will begin to operate its own points program.
By the end of 2019, Aimia said it expects to reduce annualized costs by $70 million, in part by cutting its workforce by 10 per cent this year…
At midday: TSX slides as investors flee riskier assets
– theglobeandmail.com
Wall Street reels under N. Korea tensions, tepid retail earnings
CI Financial Corp. has agreed to buy Sentry Investments Corp. in a friendly deal worth about $780 million, adding to its portfolio of mutual funds.
How to avoid RESP penalties if your child quits university
– theglobeandmail.com
You can transfer the RESP-generated income to a child’s sibling or move the money into an RRSP
