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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The best GIC rates in Canada for 2025 + MORE Aug 11th
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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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Making sense of the markets this week: July 28, 2024 Jul 26th
Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C.
Biden’s withdrawal soothes bond market, deflates “Trump trade”
Compared to the way U.S. President Joe Biden’s decision not to run for a second term shook the political world, the.... More »
Making sense of the markets this week: August 25, 2024 + MORE Aug 23rd
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Canada’s economy off the rails
Many Canadians feel that “Canada is broken,” according to an Ipsos poll. And .... More »
SpaceX stock jumps after record IPO, making Musk the first trillionaire - CBC Jun 12th
SpaceX stock jumps after record IPO, making Musk the first trillionaire CBCSpaceX stock jumps nearly 30% following largest IPO ever Yahoo FinanceSpaceX soars 23 per cent in Wall Street debut and makes Elon Musk the first trillionaire BNN BloombergSpaceX IPO makes Elo.... More »
Stock news for investors: Iamgold expands, Teck advances merger talks, and Wealthsimple hits $100B milestone + MORE Oct 23rd
Here’s a round-up of news for Canadian investors this week.
Iamgold
Teck Resources
Mullen Group
Wealthsimple
West Fraser Timber
Featured RRSP Accounts
featured
EQ Bank
Bu.... More »
Don’t get stuck on financial advice that doesn’t ring true
– moneysense.ca
Finance tips and advice that worked decades ago aren’t always relevant in today’s day and age. Still, well-meaning friends and family often recycle the same information for younger generations—only for them to find out the hard way the advice might be inaccurate.
Financial experts say they encounter myths every day in their line of work. Popular examples are that home ownership is the only way to get rich or budgeting rules that are outdated.
The Canadian Press spoke with Jason Heath, an advice-only certified financial planner at Objective Financial Partners; Jessica Morgan, founder and CEO of blog site Canadianbudget.ca and Reni Odetoyinbo, founder of Reni, The Resource about misunderstanding or dated advice they hear from clients.
Here are a few.
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CPP won’t be there in the future
The Canada Pension Plan (CPP) tends to be a point of confusion, says Heath…
