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
The best credit cards for seniors in Canada in 2024 + MORE Aug 27th
What are the best credit cards for seniors in Canada? That was a question we recently received from a reader, and while credit cards are more about an individual’s unique spending habits and the benefits they find most useful in a credit card than age, we still thought we could help. With this in .... More »
Toys "R" Us ends Canadian stores auction with Fairfax as sole bidder + MORE Apr 23rd
Toys "R" Us Inc. will seek approval to sell its Canadian unit to Fairfax Financial Holdings Ltd. after cancelling an auction for the company's Canadian operations..... More »
3 ways to recession-proof your RRIF Mar 1st
What should you do with your RRIF right now? With talk of a recession, investors who self-manage their registered retirement income fund (RRIF) accounts may be wondering how best to protect their investment portfolios while still meeting their annual spending needs.
In general, for investors who .... More »
Moving this summer? Don’t overlook these costs Jun 18th
There’s more to a real estate transaction than a mortgage..... More »
Survey finds 1/3 of Canadians can’t pay monthly bills as rates set to rise + MORE Jan 15th
CALGARY _ A new survey suggests a third of Canadians can’t pay their monthly bills, including debt repayments, against a backdrop of rising interest rates.
The quarterly MNP consumer debt index survey finds the number of Canadians who can’t cover their fixed monthly expenses is up eight .... More »
Equifax Inc. said after the close of stock markets on Thursday that it was the victim of a cybersecurity breach that may affect approximately 143 million U.S. consumers.
Travel industry waiting to see if storms force change in winter destinations
– canadianbusiness.com
MONTREAL _ Airlines scurrying to evacuate customers from Caribbean islands in the destructive path of hurricane Irma say it’s not yet clear if the storm will have lasting impact on next winter’s sun vacation options.
“We aren’t yet in a position to discuss this,” said WestJet spokeswoman Lauren Stewart. “It sounds like the islands that have been affected are still assessing damage. In addition to that, the hurricane’s path continues.”
The Calgary-based airline has joined Air Canada and Air Transat in sending airplanes south to bring customers home.
The deadly hurricane that carried 298 kph winds caused massive damage as it barrelled through Barbuda, Antigua, St. Maarten and Puerto Rico.
It was causing flooding as it tracked north of Dominican Republic and Haiti on the way to Cuba and Florida.
“We have very little information today on the impact that the hurricanes may have on the rest of the season on our sun routes next winter,” Denis Petrin, chief financial officer of Transat A…
“We aren’t yet in a position to discuss this,” said WestJet spokeswoman Lauren Stewart. “It sounds like the islands that have been affected are still assessing damage. In addition to that, the hurricane’s path continues.”
The Calgary-based airline has joined Air Canada and Air Transat in sending airplanes south to bring customers home.
The deadly hurricane that carried 298 kph winds caused massive damage as it barrelled through Barbuda, Antigua, St. Maarten and Puerto Rico.
It was causing flooding as it tracked north of Dominican Republic and Haiti on the way to Cuba and Florida.
“We have very little information today on the impact that the hurricanes may have on the rest of the season on our sun routes next winter,” Denis Petrin, chief financial officer of Transat A…
Finance Minister Bill Morneau makes an announcement on housing in Toronto Monday, October 3, 2016. The federal government has announced measures intended to stabilize the real estate sector amid concerns that pockets of risk have emerged in some housing markets, particularly those in Toronto and Vancouver. (Nathan Denette/CP)The Liberal government’s proposed changes to incorporated small business loopholes has triggered a national throwdown that has pitted small business owners, including engaged doctors and farmers, against Finance Minister Bill Morneau and a prominent set of scholarly economists. The debate is hovering over the media landscape like a thick layer of smoke, and Canadian citizens are debating the issue in their living rooms, on the bus, and in coffee shops. What we have here, friends, is a good, ol’ fashioned public debate. So, how’s that going? Not so great.
A well-functioning democracy relies on a public realm in which citizens mingle about, discussing, debating, forming preferences, and communicating those preferences to policy-makers whose job it is to ensure that the people get what they want, more or less…
Montreal posts record August home sales as average prices rise 4.1 per cent
– canadianbusiness.com
Montreal’s hot real estate market continued to sizzle last month with record August sales and rising prices.
The Greater Montreal Real Estate Board says booming condo sales drove an eight per cent increase in residential sales across the Montreal region.
There were 2,899 sales, with condo transactions surging 19 per cent. Single-family homes that account for more than half of sales rose four per cent.
The Island of Montreal led the way with a 12 per cent rise in sales.
Paul Cardinal of the Quebec Federation of Real Estate Boards attributed the continued gains to strong job creation, consumer confidence and foreign migration.
He also said buyers were fast-tracking purchases to beat an expected interest rate hike, which was announced Wednesday.
Sales have increased each of the last 30 months, except July 2016 when there were unchanged. The last monthly drop in sales took place in February 2015.
That’s far different than in Toronto, where sales of detached, semi-detached, condos and townhouses fell between 25…
The Greater Montreal Real Estate Board says booming condo sales drove an eight per cent increase in residential sales across the Montreal region.
There were 2,899 sales, with condo transactions surging 19 per cent. Single-family homes that account for more than half of sales rose four per cent.
The Island of Montreal led the way with a 12 per cent rise in sales.
Paul Cardinal of the Quebec Federation of Real Estate Boards attributed the continued gains to strong job creation, consumer confidence and foreign migration.
He also said buyers were fast-tracking purchases to beat an expected interest rate hike, which was announced Wednesday.
Sales have increased each of the last 30 months, except July 2016 when there were unchanged. The last monthly drop in sales took place in February 2015.
That’s far different than in Toronto, where sales of detached, semi-detached, condos and townhouses fell between 25…
Central 1 predicts strong growth for B.C.’s economy through to 2020
– canadianbusiness.com
VANCOUVER _ The Central 1 Credit Union is forecasting economic growth will remain healthy in British Columbia through 2020.
The financial institution says the B.C. economy has “fired on nearly all cylinders” this year, with growth for 2017 forecast at 3.5 per cent.
Deputy chief economist Bryan Yu says robust consumer demand is fuelling the growth thanks to surging employment, strong exports and government support.
Central 1 predicts provincial growth in its economic outlook for 2018 will slip to 2.5 per cent, then rebound to three per cent in 2019, before it falls back to 2.6 per cent in 2020.
Yu warns B.C.’s key forestry sector continues to face potential headwinds due to the softwood lumber trade dispute and this summer’s record wildfire season.
He says housing activity will remain high but won’t be a significant driver of growth over the next few years while tourism, the film industry, technology and business investments will remain steady because of “favourable currency…
The financial institution says the B.C. economy has “fired on nearly all cylinders” this year, with growth for 2017 forecast at 3.5 per cent.
Deputy chief economist Bryan Yu says robust consumer demand is fuelling the growth thanks to surging employment, strong exports and government support.
Central 1 predicts provincial growth in its economic outlook for 2018 will slip to 2.5 per cent, then rebound to three per cent in 2019, before it falls back to 2.6 per cent in 2020.
Yu warns B.C.’s key forestry sector continues to face potential headwinds due to the softwood lumber trade dispute and this summer’s record wildfire season.
He says housing activity will remain high but won’t be a significant driver of growth over the next few years while tourism, the film industry, technology and business investments will remain steady because of “favourable currency…
