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.
Latest News
Less than 4% of stocks deliver all the market’s return. How do you buy those stocks? May 23rd
Less than 4% of U.S. stocks produced all the wealth
created by American equities over the past 90 years.
How can you make sure you buy these stocks?
.... More »
TFSA contribution room calculator Jan 1st
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like&nb.... More »
Brexit's toll: UK economy at weakest since financial crisis Feb 11th
Amid mounting uncertainty over Brexit, the British economy slowed last year to its weakest growth rate since the aftermath of the global financial crisis..... More »
Liberals deliver tax breaks for businesses in response to Trump's rate cuts - The Globe and Mail Nov 22nd
The Globe and MailLiberals deliver tax breaks for businesses in response to Trump's rate cutsThe Globe and MailThe Liberal government has delivered billions of dollars in tax breaks for businesses in an economic update that gives priority to incentives for new corporate investment over shrinkin.... More »
Stocks keep rising, led by banks and technology companies + MORE Mar 30th
NEW YORK, N.Y. – U.S. stocks are rising Wednesday afternoon as banks and technology companies move higher. The market is making broad gains and building on a rally that started the day before. Stocks have reached a high mark for the year.
KEEPING SCORE: The Dow Jones industrial average rose 95.... More »
Canada’s millionaires
– moneysense.ca
Two-thirds of Canada’s millionaire’s are self-made compared to just 20% who are wealthy thanks to an inheritance, according to a BMO report. The bank characterizes millionaires as those with $1 million or more in investable assets. Nearly half (48%) of all millionaires are either immigrants or first-generation Canadians. Also noteworthy is that women now make up a one-third of the country’s rich, up from 21% in 2010. “Today’s women are controlling more and more wealth in Canada, and that number is increasing by eight percentage points annually,” said BMO’s Alex Dousmanis-Curtis in a release Thursday. “From a private banking perspective, it’s clear that the face of wealth in Canada is changing and there is no longer one stereotypical type of high-net worth client. The study also found that the vast majority (80%) of millionaires have a university degree.
Toronto’s condo market appears imbalanced, the Bank of Canada said in a report published Thursday…
Toronto’s condo market appears imbalanced, the Bank of Canada said in a report published Thursday…
Manulife looks to Indonesia to meet profit targets
– theglobeandmail.com
Insurer hopes to ride the wealth accumulation boom in populous country
Stewart: Financial truths my father told me
– canoe.ca
As part of my research, I have had the privilege of hearing some of the messages that accomplished women received from their dads when they were growing up. This advice helped to build their financial confidence. In honour of Father’s Day, I’ll share some of their wisdom.
TSX rallies on news of Safeway deal
– canoe.ca
Canada’s main stock index rebounded on Thursday after days of weakness as worries about central bank stimulus were offset by a jump in Empire Co Ltd , which is buying Safeway Inc’s Canadian assets for $5.7 billion.
It’s time to ban adviser commissions
– moneysense.ca
Should financial advisers be banned from collecting commissions on mutual funds? That’s been hotly debated for years, and in December the Canadian Securities Administrators (CSA) issued a discussion paper that considered the idea of imposing such a ban. Australia already did so in 2012, and the U.K. followed suit this January. But if it ever comes to pass in Canada, it would happen despite a strong lobby by Advocis, the Financial Advisors Association of Canada. And that’s a shame.
This week the chair of Advocis sent an email to advisers that started like this:
Every day your clients rely on you to help them achieve their financial goals. If you’re like me you depend on commissions to make your advice possible. How would you survive if there were no commissions? As strange as it may seem, that is the intent behind the recent consultations by the CSA regarding fees — including a ban on embedded commissions.
While this is currently limited to mutual fund trailers and DSC fees, there is no structural difference with life insurance commissions…
This week the chair of Advocis sent an email to advisers that started like this:
Every day your clients rely on you to help them achieve their financial goals. If you’re like me you depend on commissions to make your advice possible. How would you survive if there were no commissions? As strange as it may seem, that is the intent behind the recent consultations by the CSA regarding fees — including a ban on embedded commissions.
While this is currently limited to mutual fund trailers and DSC fees, there is no structural difference with life insurance commissions…
