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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5 things to know before the stock market opens Thursday - CNBC Oct 19th
5 things to know before the stock market opens Thursday CNBCThe close: Stocks sharply lower as bond yields rise again, investors assess earnings The Globe and MailStocks Close Lower on Heightened Geopolitical Risks and Soaring Bond Yields BarchartWhy Are Stocks Down .... More »
Unlocking the Annuity Puzzle: Why Canadians avoid what seems to be the perfect retirement vehicle + MORE Dec 18th
The Annuity Puzzle is about a curious phenomenon in Canada: while life annuities sold by insurance companies seem to have all sorts of compelling reasons to acquire them, more often than not, retirees shun them.
Financial planner Robb Engen recently tackled this puzzle in his Boome.... More »
Stocks falling after failure of Silicon Valley Bank - CTV News + MORE Mar 13th
Stocks falling after failure of Silicon Valley Bank CTV NewsStock market news today: Stocks, bond yields, bank stocks fall on SVB fallout Yahoo Canada FinanceBefore the Bell: What every Canadian investor needs to know today The Globe and MailFear grips financial mark.... More »
Canada’s best dividend stocks for 2023 + MORE Apr 28th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
The year 2023 couldn’t have arrived fast enough for Ca.... More »
Should you hold gold in a RRIF? Aug 7th
Ask MoneySense
I have a RRIF (registered retirement income fund) and I am looking to shift it to gold. I am 65 years old. Is this safe and does this make sense?
—Audrey
Investing in gold for retirement in Canada
Gold prices have surged recently, rising 26% over the past year. Silver has .... More »
Making sense of the markets this week: September 14
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. Tesla snubbed by the S&P 500, and now it’s getting hit on all sides
What a difference a week can make.
In last week’s column, we discussed how Tesla’s valuation was enough to buy six major global automakers. Dan Hallet of Highview Financial Group tweeted:
Source: Twitter
And now? Tesla’s stock was down nearly 35% from last Tuesday, Sept. 1, to Thursday, Sept. 10. In addition, the electric carmaker also created a massive number of new shares, reducing the percentage of ownership of the company for current shareholders. On Sept. 1, Tesla announced plans to sell up to about $5 billion in new shares. That cut the price of each share by one-fifth. On September 8, Tesla announced it had completed that sale.
The electric carmaker is getting hit on all sides. In addition to the valuation fears, it’s soon to face competition: GM has teamed up with Nikola Corporation with a plan to create electric-powered pickup trucks…
10 strategies to help you pay off your credit card
– moneysense.ca
Credit cards have become ubiquitous, used to pay for everything from gas to travel to home delivery. Managed properly, they’re also essential financial tools, allowing cardholders to build credit, earn cash back or travel points, and gain valuable perks, like insurance or purchase protection. Carrying a balance, however, changes everything. “Credit card debt is very high-interest debt, typically in the neighbourhood of 20% or more,” says Scott Hannah, president and CEO of Credit Counselling Society. At that rate, even a modest balance can spiral quickly out of control.
If you’re holding a balance on your credit card, paying it off is task number one, so you can once again enjoy its benefits. Here are 10 solid tips to help you get to a $0 balance, faster.
1. Examine your spending habits
It might seem obvious, but you can’t improve on something if you don’t understand it. “Typically, when someone comes to us looking for help, our first goal is to look at their expenditures and balance their budget,” says Hannah…
If you’re holding a balance on your credit card, paying it off is task number one, so you can once again enjoy its benefits. Here are 10 solid tips to help you get to a $0 balance, faster.
1. Examine your spending habits
It might seem obvious, but you can’t improve on something if you don’t understand it. “Typically, when someone comes to us looking for help, our first goal is to look at their expenditures and balance their budget,” says Hannah…
