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.
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Nvidia’s earnings: Blackwell AI chips play into (another) stock price rise + MORE Nov 21st
Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. For the three months that ended Oct. 27, the tech giant based in Santa Clara, California, posted revenue of $35.08 billion, u.... More »
What’s involved in moving investments from a high-fee advisor to a DIY setup? May 28th
Q. I have been concerned about high fees charged on my investments and have been trying to figure out a way to move my funds without getting hit with a huge tax bill. I started with mutual funds and today I have a 60% equity and 40% income balanced portfolio plan. My last statement shows about 5% re.... More »
How the coronavirus pandemic could change the way we think about retirement in Canada Apr 29th
Over the past few decades, the concept of retirement has grown increasingly more sophisticated. Canadians preparing for retirement have been able to contemplate a variety of highly personalized approaches—from early (or even very early) retirement; to active, phased, or working retirement; and mor.... More »
The best GIC rates in Canada for 2025 + MORE Feb 10th
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 navigat.... More »
At 26, this millennial in finance is making $375,000 a year working in the U.S. Now, she wants to focus on writing a book + MORE Aug 23rd
“I entered finance in hopes of saving enough to take a shot at freelance writing for a few years, unconstrained by financial concerns,” Jen said..... More »
Uber, Lyft, not happy with approval of drivers’ insurance rate plan in Manitoba
– canadianbusiness.com
WINNIPEG _ Manitoba’s Public Utilities Board has approved new insurance rates for ride-hailing company drivers that businesses such as Uber and Lyft have said will keep them setting up shop in Winnipeg.
The board has given approval to a Manitoba Public Insurance application that calls for an add-on to the drivers’ basic insurance, which would be based on the time of day the operator wants to pick up passengers, or whether it’s on a weekday or weekend.
MPI says the system is flexible and prevents drivers in other licence classes from subsidizing autos used for ride-hailing.
Uber had argued for a blanket coverage policy, stating MPI’s approach would mean an extra financial burden for drivers.
The company has previously said it won’t come to Winnipeg under the insurance company’s model.
The utilities board calls its ruling an interim decision and says it will revisit the issue next year, once it collects some data.
Lyft said in a statement released Monday that it sees “tremendous opportunity” in Winnipeg…
The board has given approval to a Manitoba Public Insurance application that calls for an add-on to the drivers’ basic insurance, which would be based on the time of day the operator wants to pick up passengers, or whether it’s on a weekday or weekend.
MPI says the system is flexible and prevents drivers in other licence classes from subsidizing autos used for ride-hailing.
Uber had argued for a blanket coverage policy, stating MPI’s approach would mean an extra financial burden for drivers.
The company has previously said it won’t come to Winnipeg under the insurance company’s model.
The utilities board calls its ruling an interim decision and says it will revisit the issue next year, once it collects some data.
Lyft said in a statement released Monday that it sees “tremendous opportunity” in Winnipeg…
Founder of Canada Jetlines takes helm as CEO of rival Flair Airlines
– canadianbusiness.com
KELOWNA, B.C. _ The founder of Canada Jetlines is taking over as chief executive of Canadian discount carrier Flair Airlines Ltd.
Jim Scott replaces Flair founder and former president Jim Rogers, who will remain an adviser until 2019 after selling his shares in the Kelowna-based company.
Scott is a former airline pilot who led Canada Jetlines between 2012 and last year.
He will be joined by Jerry Presley, who represents the majority owners, as executive chairman. He was previously an adviser to Canada Jetlines.
The changes come more than six months after Flair’s purchase of NewLeaf Travel Company’s assets.
Flair Airlines currently flies from seven Canadian cities: Toronto, Hamilton, Winnipeg, Edmonton, Abbotsford, Kelowna and Vancouver. It has plans to soon announce an expansion of its fleet and route network.
The airline faces the prospect of competition with the launch next summer of WestJet’s discount Swoop airline and Canada Jetlines.
Flair operates seven aircraft and plans to add two Boeing 737-800 aircraft later in 2018…
Jim Scott replaces Flair founder and former president Jim Rogers, who will remain an adviser until 2019 after selling his shares in the Kelowna-based company.
Scott is a former airline pilot who led Canada Jetlines between 2012 and last year.
He will be joined by Jerry Presley, who represents the majority owners, as executive chairman. He was previously an adviser to Canada Jetlines.
The changes come more than six months after Flair’s purchase of NewLeaf Travel Company’s assets.
Flair Airlines currently flies from seven Canadian cities: Toronto, Hamilton, Winnipeg, Edmonton, Abbotsford, Kelowna and Vancouver. It has plans to soon announce an expansion of its fleet and route network.
The airline faces the prospect of competition with the launch next summer of WestJet’s discount Swoop airline and Canada Jetlines.
Flair operates seven aircraft and plans to add two Boeing 737-800 aircraft later in 2018…
As Dow soars, it’s same old, same old for TSX
– theglobeandmail.com
American share prices have gathered steam in 2018, but Canadian stocks can’t seem to catch that same fire
Prices of bitcoin and other digital currencies fell after South Korea’s top financial policymaker said a crackdown on trading of cryptocurrencies was still an option.
Survey finds 1/3 of Canadians can’t pay monthly bills as rates set to rise
– canadianbusiness.com
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 points since September.
It also finds Canadians who are making ends meet have less disposable income, with an average $631 left after paying bills and contributing to debt repayment. That’s 15 per cent less money left over than in the previous quarter.
The survey says Canadians worried more about their debt as the Bank of Canada raised its benchmark interest rate twice last year and is expected to continue the momentum in 2018.
Four-in-10 respondents say they fear financial trouble if interest rates rise much further and one-in-three agree they’re concerned rising rates could move them toward bankruptcy.
More than 70 per cent of respondents say they’ll be more careful with how they spend money as rates move up, and nearly half say they believe they’ll have to take on more debt over the next year to cover expenses…
The quarterly MNP consumer debt index survey finds the number of Canadians who can’t cover their fixed monthly expenses is up eight points since September.
It also finds Canadians who are making ends meet have less disposable income, with an average $631 left after paying bills and contributing to debt repayment. That’s 15 per cent less money left over than in the previous quarter.
The survey says Canadians worried more about their debt as the Bank of Canada raised its benchmark interest rate twice last year and is expected to continue the momentum in 2018.
Four-in-10 respondents say they fear financial trouble if interest rates rise much further and one-in-three agree they’re concerned rising rates could move them toward bankruptcy.
More than 70 per cent of respondents say they’ll be more careful with how they spend money as rates move up, and nearly half say they believe they’ll have to take on more debt over the next year to cover expenses…
