Making sense of the markets this week: May 31, 2021 May 29th

All about Canadian investments. Learn the ins and outs and get the latest news.
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Kruger says $32M investment at Kamloops mill will boost tech, preserve jobs - Castanet Kamloops Sep 12th

Kruger says $32M investment at Kamloops mill will boost tech, preserve jobs  Castanet KamloopsView Full Coverage on Google News.... More »

Tesla Stock Is Falling as Trump-Musk Feud Escalates. Where It Goes Next. - Barron's Jul 1st

Tesla Stock Is Falling as Trump-Musk Feud Escalates. Where It Goes Next.  Barron'sElon Musk just made his starkest political threat since the election  CNNTrump threatens to set Doge on Musk as pair feud again over budget plan  BBCElon Musk and Donald Trump are fighting.... More »

Are you a high earner with no money to spare? Follow these 5 tips to help you stop living hand to mouth and grow your long-term wealth Nov 9th

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How retired parents can use the FHSA to help their adult children Mar 23rd

If you’re a retiree or close to retiring, you probably have a paid-off principal residence, or should be close to having one. However, many retirees—including me—have grown children struggling to get onto the first rung of the real estate ladder. Coming up with a down payment is still diffi.... More »
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Canadian banks attract investors—and criticism
The Canadian banks have started reporting first quarter earnings, and they’re off to a roaring start. 
At the same time, the banks are attracting considerable criticism for increasing fees during a pandemic, and when they themselves are enjoying such financial success.
And as I have suggested on many occasions, Canadian banks always find ways to make money. They have many oars in the water, including increasing fees for everyday banking. I would suggest Canadians search for the lowest fee option at their bank. If lower-fee options are not available, then you might consider switching to a low-fee or no-fee bank account. 
For our cash, my wife and I are using EQ Bank. I like the service a lot. I have also reviewed EQ Bank on my site. 
But, back to the markets’ POV. As Larry Bates, a MoneySense contributor and author of the popular book Beat the Bank smartly suggests, we are better to invest in the banks rather than banking or investing with them…

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