How to go about securing the best return for your investment in Canada.
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Intuitive Machines stock plummets after second sideways moon landing - Reuters + MORE Mar 7th
Intuitive Machines stock plummets after second sideways moon landing ReutersLying sideways on the moon, the Athena lander is declared dead CNNUS startup's moonshot apparently lands on its side - again ReutersIntuitive Machines Stock Plunges Another 26% After Troubles.... More »
Wealthsimple Co-Founder and CEO Michael Katchen on Simplifying Finance Services Oct 3rd
As a changemaker in Canada’s financial services sector, Wealthsimple entered the arena in 2014 as a digital investment platform. Today, it has evolved tremendously into a company modernising the user experience with one overarching goal in mind—money, simplified.
“We offer core servic.... More »
‘I Was Worried About How I’d Connect With My Coworkers’: Young Employees Are Struggling to Adapt to the Office Jul 19th
When Lizzie*, a computer sciences student at the University of Waterloo, started her co-op placement at a financial institution in September 2022, she fretted over going into the office; it was her first time in the professional setting—ever. Her first few years of university were online due to th.... More »
Gen Z housing hacks for the return-to-office era + MORE Nov 3rd
After years of remote work and suburban migrations, many young Canadians are being pulled back into city centres, where rental markets are more expensive. Toronto’s average rent, for example, sits around $2,600/month—about 20% higher than the national average, keeping the city among Canada’s p.... More »
The best GIC rates in Canada for 2025 May 12th
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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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
How T+2 Settlement Affects ETF Investors
– CanadianCouchPotato.com
These days we’re used to financial transactions that happen instantly. Buy groceries with your debit card and you see your bank account updated immediately. Send a friend money with an Interac transfer and it’s in their hands in seconds. Yet when you buy or sell an ETF or mutual fund, the trade doesn’t settle for three business days, a practice known as T+3. It’s a convention that seems as outdated as traveller’s cheques.
The good news is this is about to change: on Tuesday, September 5, markets in Canada and the United States will be moving to a T+2 cycle, with settlement two business days after the trade.
This change will mostly affect financial institutions and their intermediaries, but if you regularly buy ETFs, mutual funds, and other investments through an online brokerage there are a number of details you should understand.
Out of order
Before diving into the details, let’s review what settlement means in this context. A trade is considered settled when the buyer has delivered the cash to the seller, at which point ownership of the security officially changes hands…
The good news is this is about to change: on Tuesday, September 5, markets in Canada and the United States will be moving to a T+2 cycle, with settlement two business days after the trade.
This change will mostly affect financial institutions and their intermediaries, but if you regularly buy ETFs, mutual funds, and other investments through an online brokerage there are a number of details you should understand.
Out of order
Before diving into the details, let’s review what settlement means in this context. A trade is considered settled when the buyer has delivered the cash to the seller, at which point ownership of the security officially changes hands…
How to avoid RESP penalties if your child quits school
– thestar.com
If your child quits college or university early, or chooses not to attend at all, parents may be on the hook for significant penalties if they collapse the RESP.Canada’s economy is riding a wave of consumer debt. But for how long?
– canadianbusiness.com
Finance Minister Bill Morneau. (Adrian Wyld/CP)It is a testament to Apple craftsmanship that the “c,” “r,” “i,” and “s” keys on my laptop still function. There is no two-syllable word I have typed more since the the latter part of the previous decade than “crisis,” usually preceded by “financial.” And since I haven’t stopped writing about the financial crisis, I missed that it is already time to commemorate one of the great moments in economic history.
Bloomberg News, the Financial Times, the Globe and Mail have all published 10th-anniversary articles related to the crisis this month, deciding to date the Great Recession to the early tremors, rather than the Big One, which was the collapse of Lehman Brothers Holdings Inc. on Sept. 15, 2008.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How Canada’s real estate market went completely insane
Call me a heretic, but I think it’s still 9 AC (After the Crisis)…
Back to school: How mature students can hit the books
– thestar.com
With proper planning, a university degree can offer a good return on investment for mature students.
