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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China memory chipmaker CXMT's shares soar in a blockbuster share listing in Shanghai Jul 27th
HONG KONG (AP) — Shares of CXMT, China's largest memory chipmaker, soared Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years..... More »
Check your inbox: Investing newsletters can cost you more than a sub fee + MORE Sep 26th
Like most retired or semi-retired investors—even those with traditional 60/40 balanced portfolios—I found 2022 a challenging year. While our family’s investment portfolio is super diversified by asset class and geography, we had our share of losers, most of them SPACs (special purpose acquisit.... More »
Webull Canada Review 2024 + MORE Feb 15th
Webull has arrived in Canada recently. The buzzy stock trading platform, which has 11 million customers around the world, announced on January 2 that it was accepting applications for Canadian accounts. Should you use Webull?
Is Webull available in Canada?
Yes. Webull Corporation, a pop.... More »
5 things to know before the stock market opens Thursday - CNBC Apr 20th
5 things to know before the stock market opens Thursday CNBCStocks muted as investors weigh earnings, Beige Book: Stock market news today Yahoo Canada FinanceStocks Pressured as Bond Yields Climb on Inflation Concerns BarchartThe close: Toronto market pares its decli.... More »
How to keep your holiday spending in check Nov 29th
According to Equifax Canada data, there was a 1.9% rise in total debt per consumer at the end of the second quarter in 2019. Unsurprisingly, a recent survey commissioned by Equifax also found that 55% of Canadians say they’ll be spending less on holiday gifts this year. Hmm, I wonder why that.... More »
8 strategies to make selling a home in 2019 less stressful
– moneysense.ca
Selling a home is stressful. It’s probably the single largest transaction you’ll make in a lifetime. Add in the fear of a downturn, a possible recession, and market uncertainty and you’ve got a recipe for anxiety or even disaster.It’s not like this anxiety isn’t substantiated. We’ve all read the headlines of double-digit sales activity declines and hundreds of thousands slashed from list prices. Even worse is that amidst the rise in inventory there is a decline in the number of buyers entering the housing market. According to the Statistics Canada Census 2016 data, the percentage of households that own their home fell to 67.8% in 2016 down from 69% in 2011.
The largest declines were found in cities that have experienced the largest growth in housing prices, such as Toronto, Vancouver, and Victoria, B.C.
Quick translation: Sellers are faced with more competition, declining prices, and fewer buyers. These are the moments when armchair real estate experts will tell you to hold off on selling your home…
Should the sole recipient of an estate be the executor too?
– moneysense.ca
Q. I am 68-years-old and in good health, and am planning to leave my money to my grandson. He is 20 years old, very good with money, and has common sense. I had asked my son to be the executor of my will but that was before I decided to leave my money to my grandson. I have now decided to leave both of my two sons out of my will (the second son has no children). I want to name a new executor. Who could I name as a backup?
— Thank you, Grace
A. Naming someone as an executor is an extremely important duty and carries a lot of responsibility. Under new rules that have been passed in the last year, the tax reporting and understanding of the assets in an estate is extremely important.
When deciding on whom you might name as an executor, there are several factors to consider. First, it makes sense to find someone who is younger than you. While this does not guarantee they will outlive you, it does increase the odds. Ideally, you should look for someone who understands money, tax and does not get flustered by paperwork…
