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
Debate peaks over vast coastal Southern California oil land Sep 3rd
NEWPORT BEACH, Calif. – The vast, dusty stretch of land in one of Southern California’s wealthiest beachfront communities is littered with rusting pipes from once-thriving oil production.
Beneath its drought-stricken exterior, however, environmentalists say the Newport Beach property is .... More »
Trump administration takes another swipe at 'Obamacare' - Ottawa Citizen + MORE Jul 8th
Charlotte ObserverTrump administration takes another swipe at 'Obamacare'Ottawa CitizenWASHINGTON — The Trump administration is freezing payments under an “Obamacare” program that protects insurers with sicker patients from financial losses, a move expected to add to premium increase.... More »
Your American spouse may not want to inherit your TFSA Jun 2nd
Most Canadians assume leaving a tax-free savings account (TFSA) to a spouse is one of the simplest estate-planning decisions they can make. But when that spouse is a U.S. citizen, green card holder, or otherwise subject to U.S. tax filing requirements, inheriting a TFSA can create years of IRS repor.... More »
The best GIC rates in Canada for 2026 + MORE Apr 8th
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
These two charts suggest bank stock rally has plenty of life yet + MORE Dec 20th
Price-to-book value has been an excellent predictor of future bank-stock performance
.... More »
OMERS, partners sweeten bid for U.K.’s Severn Trent to $8.2-billion
– theglobeandmail.com
Consortium led by a Kuwaiti sovereign wealth fund and two pension companies bid for British water firm
Who are the retired rich and the retired poor?
– moneysense.ca
How should we determine who is eligible for government programs? If we misjudge eligibility we could be placing the vulnerable at even greater risk. The problem is that judging eligibility is challenging—especially in older, retired populations who are diverse and have a variety of income sources and expenses. The thoughts below might make you rethink who are the rich and the poor in our society?
Identify the rich
Status symbols—those things we judge others and ourselves by. The house at the good address, the fancy car, fashionable clothes and exciting vacations are some of the traditional criteria used when we to the mental tally of other people’s income and net worth. We all do this to some degree or another. It’s the foundation of “keeping up with Joneses.” The reality is that another person’s apparent wealth or humble financial means cannot be assessed through observation. The Millionaire Next Door (published in 1996) by Thomas J. Stanley and William D…
Identify the rich
Status symbols—those things we judge others and ourselves by. The house at the good address, the fancy car, fashionable clothes and exciting vacations are some of the traditional criteria used when we to the mental tally of other people’s income and net worth. We all do this to some degree or another. It’s the foundation of “keeping up with Joneses.” The reality is that another person’s apparent wealth or humble financial means cannot be assessed through observation. The Millionaire Next Door (published in 1996) by Thomas J. Stanley and William D…
CBC.caSaskatchewan Senator Pamela Wallin filing lists Toronto homeCBC.caSenator Pamela Wallin is listed as a resident of Toronto — and not Saskatchewan, the province she represents in the Senate — according to the corporate filings of a Bay Street investment firm. Wallin, a former Conservative now sitting as an Independent, was …For Wallin and other directors, any residence will doGlobe and MailSenate expense scandal: Pamela Wallin resigns from Gluskin Sheff boardToronto StarHey, isn't that Pam Wallin hiding from that camera?National PostCTV News -Canada.com -DigitalJournal.comall 13 news articles »
Where are we now? Taking stock in the TSX
– theglobeandmail.com
Technicals suggest three sectors due to bounce, at least in the short term
How I can save you close to $100,000
– myownadvisor.ca
For today’s post, I thought it would be interesting to crunch some numbers…
Your Mortgage
Owing $250,000, at 3% interest over a 5-year term, amortized over 25 years, making bi-weekly payments and you’ll pay over $90,000 in interest costs over the amortization period.
The lesson: even a cheap mortgage rate will cost you BIG bucks over time. Get a good mortgage rate and make lump sum payments on your mortgage when you can to significantly reduce your borrowing costs.
Your Credit Cards
Owing $10,000 on a credit card, paying 18% interest, paying just the monthly minimum: you’ll pay almost as much in interest as the original balance. It will take you around 22 years to pay off this debt.
The lesson: credit cards are great for temporary credit, getting cash-back or travel rewards in the process. Credit cards could cost you a bundle if you don’t pay off the balance in full by the due date, always.
Your Mutual Funds
Investing in your average Canadian equity fund at ~2% management expense fee, putting down $10,000 initially and keeping that money invested for the next 20 years: should earn close to $24,000 (based on historical returns of about 6…
Your Mortgage
Owing $250,000, at 3% interest over a 5-year term, amortized over 25 years, making bi-weekly payments and you’ll pay over $90,000 in interest costs over the amortization period.
The lesson: even a cheap mortgage rate will cost you BIG bucks over time. Get a good mortgage rate and make lump sum payments on your mortgage when you can to significantly reduce your borrowing costs.
Your Credit Cards
Owing $10,000 on a credit card, paying 18% interest, paying just the monthly minimum: you’ll pay almost as much in interest as the original balance. It will take you around 22 years to pay off this debt.
The lesson: credit cards are great for temporary credit, getting cash-back or travel rewards in the process. Credit cards could cost you a bundle if you don’t pay off the balance in full by the due date, always.
Your Mutual Funds
Investing in your average Canadian equity fund at ~2% management expense fee, putting down $10,000 initially and keeping that money invested for the next 20 years: should earn close to $24,000 (based on historical returns of about 6…
