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
Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings - The Globe and Mail + MORE Dec 4th
Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings The Globe and MailRBC reports Q4 profit rose to $4.2B despite softening Canadian economy BNN BloombergRoyal Bank of Canada reports $4.22-billion Q4 profit, raises quar.... More »
Five Things to Consider Before Investing Oct 19th
Using your money for investments is the best way for you to amass wealth and secure future opportunities. Saving and investing is vital for anyone who wants to become wealthy. Another good thing about it is that you don’t need a large amount of money to start investing. Cutting down on spendin.... More »
Markets react to trade talks: Investors are betting on a U.S.-Canada deal + MORE Aug 28th
Canada's stock market hit its highest point in more than a month on news of the U.S.-Mexico trade deal, and now the loonie is at its strongest against the U.S. dollar in more than two months, but are investors getting ahead of themselves?.... More »
Freshii shares down on earnings miss + MORE Aug 10th
Freshii share prices weakened on Friday as the Toronto-based restaurant chain missed earnings expectations for the second quarter..... More »
Why You Should Make ‘Career Cushioning’ Part of Your Job This Year + MORE Feb 1st
Have you ever casually browsed job boards, just to see what’s out there? Taken a recruiter’s call, even though you’re not sure you want to leave your current role anytime soon? Started a side hustle because it never hurts to have a Plan B? Congratulations, you were “career cushioning”—wh.... More »
The case for a crude shortage, a look to see if Valeant has changed, and five lessons from economist David Rosenberg
– theglobeandmail.com
A roundup of investment ideas for active investors
Apple’s stock has rebounded after taking a hit following reports that it was telling parts suppliers to slow down delivery of iPhone X components.
(iStock)This morning the Writers’ Trust of Canada and Rogers Communications announced that the telecommunications and media giant was doubling its annual financial commitment to the Rogers Writers’ Trust Fiction Prize, one of the country’s three major national literary awards. This year’s winner, who will be announced on Nov. 14, will receive $50,000, up from $25,000, while the other four finalists will take home $5,000 each, up from $2,500. “This is a breakthrough amount of money,” said a pleased Mary Osborne, the Trust’s executive director, referring to the $70,000 overall funding from Rogers. “The first thing writers always say about being named to the shortlist is how much the recognition matters to them, but finalists also appreciate the money that goes along with the recognition.” Steve Maich, Senior Vice President, Digital Content & Publishing for Rogers Media and a member of the WT board of directors said that Rogers, which owns Maclean’s, was “delighted” to significantly deepen its 20-year-old commitment…
Why adding your kids to the house title will cost you
– moneysense.ca
Q: My parents have both of their names on their house as joint tenants. My mother has been diagnosed with dementia and is now in long term care. My dad has trusteeship and guardianship for her. He wants to put his four daughters on the title of the house. How is this done and what is the procedure? Can this be done?
—ST
A: I’m sorry to hear about your mother’s condition, ST. Dementia is a horrible disease.
If your father is a joint tenant on the house and has power of attorney or property for your mother, he is in a position where he can do whatever he sees fit with the house. He has two of two “votes,” so to speak, with the asset. The power of attorney also governs her personally-held assets like her RRIF, TFSA, bank accounts, etc.
Unless your mother’s power of attorney includes limitations, which they rarely do, your father can make whatever financial and property decisions your mother otherwise could if she was of sound mind. The only general limitations are that an attorney cannot draft a new will for the grantor and cannot change a life insurance policy beneficiary…
Why tax reform blew up in Trudeau’s face
– canadianbusiness.com
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Good morning! Here’s what’s on our radar at the moment:
Why tax reform blew up in Trudeau’s face
The Liberals’ tax reform proposals have been a public relations fiasco all summer. One common explanation is that the government poorly explained its intentions in overhauling taxation for small or single-proprietor incorporated businesses. This line of thinking implies that the failure is primarily one of communication, not of the fundamental principle at hand. Not so fast, says Evelyn Jacks, a financial advisor, author and tax expert—in fact, people understand exactly what’s going on, which is why they’re so mad about it:
Canadians may not always get the tax math, but they do get tax fairness. That’s why the controversial proposals to dramatically change the taxation of private business in Canada are proving three things: tax literacy is alive and well in Canada, most people understand and value the incredible entrepreneurial spirit that drives the economic engine in this country, and the government thought these tax changes wouldn’t be a big deal…
