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
Half of Canadians plan to make cutbacks this holiday season, says new PayPal Canada survey Nov 17th
A new survey finds that while most Canadians are anxious about holiday season spending, a large number polled admitted they are too embarrassed to ask for financial help..... More »
What are the fees for becoming a joint tenant on a parent’s property? + MORE Mar 26th
My dad owns a house and a condo. The condo is his primary residence and he rents out his home. The home has greater value. He wants to put me on as a joint tenant. What fees will have to be paid when he does that, or are fees paid upon his death?—Judson
Fees associated with joint tenancy
Tha.... More »
Wealthsimple review 2025 Jun 12th
Since launching in 2014, Wealthsimple has developed a strong reputation for offering online, easy-to-use, low-fee financial services. It’s come a long way since its humble beginnings exclusively as a robo-advisor (now known as Invest). It now offers:
Managed investing: This includes their rob.... More »
Making sense of the markets this week: May 7, 2023 May 5th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
A big thanks to Diamond Hands Dale Roberts for so ably stepping in to cover the big market news over the last couple of weeks!
Powe.... More »
Oil prices drop sharply after Trump moves to reassure markets over Iran war - The Guardian + MORE Mar 10th
Oil prices drop sharply after Trump moves to reassure markets over Iran war The GuardianIran war live: Trump says conflict will be over soon; Gulf attacks continue Al JazeeraMarkets Monday: North American stock indexes swing positive, oil prices fall, after Trump suggests war n.... More »
Smart financial decisions small business owners should make now
– canadianbusiness.com
In partnership with Surex
Rule number one of being an entrepreneur: When things get tough, keep going. The COVID-19 pandemic has brought to the surface many worst-case scenarios for small business owners. They’ve lost revenue, laid off staff, and some have even had to close their business permanently. Still, there are ways to ensure the financial future of your business looks bright. Here are some actions you can take right now.
Set up an emergency fund
Saving for unforeseen emergencies isn’t just for personal finances. COVID-19 has shown us the importance of businesses doing it, too. Emergency funds are necessary to cover financial fluctuations in your business, such as a slow period, unexpected tax payments, economic changes, or all of the above. Unfortunately, not all businesses make this a priority. “It’s an afterthought. Businesses don’t consciously maintain an emergency fund because they’re more focused on growth or investment,” says Viren Parmar, financial adviser for the Toronto-based firm Karma Financial…
