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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Making sense of the markets this week: December 15, 2024 Dec 13th
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.
Enjoy the jumbo rate cut—it’s likely the last one
The Bank of Canada (BoC) cut its key interest rate by 0.50% .... More »
China memory chipmaker CXMT's shares soar in a blockbuster share listing in Shanghai Jul 27th
HONG KONG (AP) — Shares of CXMT, China's largest memory chipmaker, soared Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years..... More »
How has inflation affected Canadians’ finances in recent years? Oct 10th
Inflation and higher interest rates have eroded Canadians’ purchasing power since 2022, particularly for lower-income households, a new report from the parliamentary budget officer has found.
But wealthier households have seen their purchasing power rise thanks in big part to their i.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? + MORE Dec 18th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
Carney says Canada open to deeper integration with U.S. ahead of CUSMA review - CTV News May 9th
Carney says Canada open to deeper integration with U.S. ahead of CUSMA review CTV NewsCanada must seek non-U.S. trade partners to shore up ‘vulnerabilities,’ Carney tells global summit The Globe and MailCarney Signals Openness to Deeper Trade Ties With US and Mexico &n.... More »
Open bidding in Ontario: Game-changer or business as usual?
– moneysense.ca
If you’ve ever bought or sold a house, you may have experienced a bidding war. And how you felt about it likely depends on which side of the transaction you were on. A bidding war can increase the sale price of a property by encouraging buyers to start with their strongest offer and even spend more than they otherwise would. That’s good news for sellers but often frustrating for buyers—particularly for first-timers or those looking in competitive housing markets like Toronto and Vancouver.
Late last year, changes to Ontario’s real estate legislation, the Trust in Real Estate Services Act (TRESA), came into effect, making open bidding legal in Ontario. (Real estate is generally regulated at a provincial level, so as of now, these changes only apply to Ontario.) It was big news at the time, but has it made a big impact? Here’s what this legislation means for buyers and sellers in the province, and how it could influence the housing market.
What is open bidding in real estate?
Open bidding in real estate is when the details of all registered offers on a property are shared openly between prospective buyers…
