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
How to make your first million in five steps (no, you don’t need to own real estate) + MORE Apr 4th
This is one of the most-asked questions I get, and here’s the step-by-step answer, Lesley-Anne Scorgie writes..... More »
Is taking on debt always bad? Or is there such a thing as ‘good debt’? Sep 5th
Not all debt is bad. Good debt is when you borrow money to buy assets that tend to increase in value over time, which can help build wealth..... More »
Should I cash my RRSP to pay off my mortgage? + MORE Jan 15th
Ask MoneySense
Is it a good idea to pay off my mortgage with my RRSP money and then put what my mortgage payment was back into the RRSP once I’ve paid it off? What are the pros and cons of this strategy to being mortgage free?
–Mike
Pay off a mortgage or keep investing with RRSPs?
Payi.... More »
Cryptocurrency exchange Cryptomus fined record $177M by Fintrac + MORE Oct 23rd
A cryptocurrency exchange has been fined almost $177 million—the largest-ever penalty by Canada’s financial intelligence agency—for infractions including failing to flag more than 1,000 transactions with suspected links to criminal activity. The Financial Transactions and Reports Ana.... More »
Your RRSP and TFSA are your best allies in building financial security Aug 16th
If you’re over 18 and working, it’s time to start diverting some money into long-term savings to begin building financial security for your future. Pay the tax now in a TFSA, or pay the tax later in an RRSP. Even better? Contribute to both, Lesley-Anne Scorgie writes.... More »
What does the U.S. election outcome mean for Canadian investors?
– moneysense.ca
In a few days, millions of Americans will head to the polls to vote for either Donald Trump or Joe Biden, while millions of Canadians will be in front of their screens, waiting to see how the night unfolds. But while it’s certainly going to be enthralling—and probably very long—evening, it’s the next few weeks, months and even years that Canadians should be thinking more about. Why? Because the election outcome could have an impact on stock markets and on the direction of our own economy.
So, which candidate may be better for Canada? Let’s break down a few issues that matter to this country and see where each candidate stacks up.
Energy
Trump
Anyone who watched the last debate will know that Trump and Biden have very different ideas around the future of oil and gas, and on climate change in general. Trump has loosened all kinds of oil industry regulations during his time in office, including easing restrictions on drilling offshore and in national forests. Most importantly for Canada’s energy industry, he approved the expansion of the Keystone XL pipeline, which Barack Obama had previously blocked…
