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
ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure Apr 16th
The same ChatGPT chatbot that gave OpenAI’s chief financial officer Sarah Friar a tilapia recipe for a recent Sunday night dinner at home is also now doing her most mundane tasks at work like summarizing her emails and Slack messages..... More »
Oaken Financial review 2020 Apr 24th
Table of contents
Who is Oaken Financial?
Oaken Financial review
Oaken Financial GICs
Oaken Financial’s High-Interest Savings Account
Is Oaken Financial right for me?
There are plenty of options for saving and investing in Canada, whether it’s via high-interest savings accounts, TFSAs, RR.... More »
Here’s what Kanye West would need to do to run for U.S. president - Global News + MORE Jul 5th
Here’s what Kanye West would need to do to run for U.S. president Global NewsRapper Kanye West takes to Twitter to announce U.S. presidential bid CBC.caKanye West Tweets He's Running For President In 2020 | Sunday TODAY TODAY'Imagine World Where Kim Kardashian Is F.... More »
TFSA contribution room calculator Jan 1st
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
powered by
Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like&nb.... More »
Millennials Could Be Hit Hardest by the Bank of Canada’s Interest Rate Hike Jun 1st
Canadians, get ready to pay more to borrow money: The Bank of Canada, or BoC, announced a 0.50 per cent interest rate hike today to tame inflation, bringing its key interest rate up to 1.5 per cent, and signalled more hikes will come.
After slashing its key interest rate to 0.25 per cent at the o.... More »
5 Financial Milestones Everyone Should Hit in their 20s
– investitwisely.com
Less than two years ago, it was reported by the BBC that 53% of young people in the UK between the ages of 22 and 29 were living with no savings put aside. This problem has also been reported in other countries and appears to be a new financial global trend amongst younger generations.This is a worry because your 20s are a significant time to build up financial strength and a platform for a comfortable life. Without savings, younger generations are vulnerable to dips in the economy and job market. The end result could be parents picking up the pieces and offering support.
With that in mind, what financial goals should people in their 20s be aiming for?
Financial Milestones for 20-Somethings
#1: Become Financially Independent
Straight out of university it may be hard to stand on your own two feet while looking for a dream career. As soon as you do land a job, it is time to make an effort to quit the bank of mum and dad. By becoming financially independent, you start to learn the true value of money and start to be more conscious of spending and savings…
