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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Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Enjoy the jumbo rate cut—it’s likely the last one
The Bank of Canada (BoC) cut its key interest rate by 0.50% .... More »
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Stock market news live updates: Stocks gain for a second day amid busy earnings lineup Yahoo Canada FinanceStocks rise on Wall Street as investors focus on earnings CTV NewsUS stocks giving up gains. Risk on, reversing. ForexLiveStocks open higher on Wall Street, cla.... More »
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Should you buy a vacation property? Aug 25th
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The best GIC rates in Canada for 2025 + MORE Jan 19th
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 to keep your holiday spending in check
– moneysense.ca
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 is?
It’s no secret that people across the country are struggling with balancing their debts, paying their bills on time and trying to save for emergencies or retirement. As a financial counsellor who works with individuals to improve their financial situations, I see all the time how the struggle is real. But saying that you plan on spending less this holiday season and actually putting your money where your mouth is are two very different things. Not only that, if you don’t start taking steps to improve your finances right now, you won’t just be forced to cut your holiday spending this year. You may also be affecting some big financial goals you’ve got for the future—like being approved for a mortgage so you can finally become a homeowner…
It’s no secret that people across the country are struggling with balancing their debts, paying their bills on time and trying to save for emergencies or retirement. As a financial counsellor who works with individuals to improve their financial situations, I see all the time how the struggle is real. But saying that you plan on spending less this holiday season and actually putting your money where your mouth is are two very different things. Not only that, if you don’t start taking steps to improve your finances right now, you won’t just be forced to cut your holiday spending this year. You may also be affecting some big financial goals you’ve got for the future—like being approved for a mortgage so you can finally become a homeowner…
