Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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BMO credit cards: A breakdown of the bank’s best cards 2021 May 15th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
Can you build a 40/30/30 portfolio with ETFs? Aug 22nd
The unique market conditions of the 2022 bear market exposed a major flaw in the traditional 60% stocks/40% bonds balanced portfolio used by millions of investors. That year was defined by two forces: surging inflation across both the U.S. and Canada, and aggressive interest rate hikes by their resp.... More »
The best American Express credit cards in Canada for 2023 + MORE Nov 1st
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The best American Express credit cards in Canada for 2023
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The best GIC rates in Canada for 2025 + MORE Jan 12th
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.
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Canada’s best cash back credit cards 2022 Aug 31st
Cash back credit cards are an extremely popular type of rewards card in Canada. They’re easy to use, don’t require participation in loyalty programs, and they let you earn the most flexible reward of all—cash! When you make purchases with a cash back card, you get a percentage back. When you r.... More »
Making sense of the markets this week: November 2
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. Big, juicy Canadian dividend stocks are on sale
In Canada, we now have the largest spread (in three decades) between Canadian bond yields and the Canadian high dividend index.
This Globe and Mail post compared the yield in the S&P/TSX High Dividend Composite Index to the 10-year Canadian bond. The yield on the 10-year bond has fallen to 0.6%. Now that’s some slim pickings for fixed income.
From that post quoting Ian de Verteuil, a strategist at CIBC World Markets…
“‘We would never say that dividend cuts are done, but we do note that 70% of the dividends on the S&P/TSX Composite come from relatively “safer” sectors, specifically banks, insurers, pipelines, communications and utilities stocks.’”
iShares S&P/TSX Composite High Dividend Index ETF tracks that index, and the current 12-month trailing yield is an incredible 5.8%.
If we look at some of the high-dividend individual stocks, we see some incredibly large dividends as well…
