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Young Canadians sue CPP Investments over climate risks + MORE Oct 30th
Canada’s largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk.
The four allege in a lawsuit filed in the Ontario Superior Court of Justice on Monday that the investment manager for the Canada .... More »
Ottawa puts $200M into space launch pad in Nova Scotia - CBC + MORE Mar 17th
Ottawa puts $200M into space launch pad in Nova Scotia CBCHistoric $200 million investment positions Nova Scotia spaceport as cornerstone of Canada’s defence capabilities canada.caOttawa investing $200-million in Nova Scotia spaceport to enable sovereign satellite launches&nb.... More »
China Evergrande ordered to liquidate in landmark moment for crisis-hit sector - Reuters Jan 29th
China Evergrande ordered to liquidate in landmark moment for crisis-hit sector ReutersHong Kong court orders Chinese property developer Evergrande to liquidate CBC NewsLive news: Evergrande ordered to liquidate as China property crisis continues Financial PostChina E.... More »
The best high-interest savings accounts in Canada for 2026 + MORE Mar 9th
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This Toronto Floral Shop Is Making the Industry More Sustainable + MORE Oct 12th
Before the pandemic, May Flowers, then a two-year-old floral business, operated like many of its competitors. It focused on wedding and occasion bouquets, and its shop in Toronto’s west end functioned primarily as a depot to fulfill orders.
This past spring, right after Mother’s Day—one of.... More »
Converting mutual funds: The benefits, the risks and the costs
– moneysense.ca
My wife and I have been educating ourselves on the merits of ETF vs traditional mutual funds after deciding to make a switch from our personal financial advisor. We were late starters in saving and we have another 15- to 20-year investment horizon ahead of us before retirement stares at us.
Our current RRSPs are in mutual funds (one of the three largest mutual funds companies), all DSC back-end loads with high MERs (2.5% in most cases). Hence, we are locked in with early redemption fees, which came as a surprise to us.
We are considering moving to an online brokerage account and opting for an ETF for our RRSPs.
Our current RRSPs are held with DSC fees, in case of early redemptions. We don’t see an option to negotiate this, nor do we want to move these to another fund that will not have strings attached. I was wondering if you could clarify the costs, as we are considering moving to an online brokerage account and opting for an ETF for our RRSPs.
Thank you in advance for taking the time…
