TSX getting you down? There are always sound investment alternatives.
Latest News
RBC’s discount broker launches international trading—what to know before you invest + MORE Dec 10th
RBC Direct Investing recently became the only Canadian bank-owned discount brokerage to allow self-directed investors to buy securities trading internationally on several non-North American stock exchanges. It’s not the only option in Canada for investors, though. Interactive Brokers Canada, for e.... More »
Federal court gives Toronto real estate agents data-publishing rights + MORE Dec 1st
Toronto Real Estate Board says it is disappointed by the decision and will seek leave to appeal to the Supreme Court of Canada
.... More »
Panic Monday: World stock markets plunge again as Trump doubles down on tariffs + MORE Apr 7th
On Friday, the worst market crisis since COVID slammed into a higher gear as the S&P 500 plummeted 6% and the Dow plunged 5.5%..... More »
Smaller towns may not benefit from infrastructure bank: Morneau + MORE Nov 23rd
THE CANADIAN PRESS/Justin Tang
OTTAWA – Finance Minister Bill Morneau is suggesting that small municipalities won’t see much – if any – benefit from the federal government’s proposed new infrastructure bank.
The bank, to be launched next year, is intended to attract billions in pri.... More »
Philadelphia's Forfeiture Landmark Sep 19th
No longer can cops and prosecutors seize assets to fund their own pay..... More »
Montreal GazetteThe beleaguered railroader of the Lac-Mégantic tragedyGlobe and MailEdward Burkhardt thought his money-losing Montreal Maine and Atlantic Railway Inc. (MM&A) was saved when he received a call in the spring of 2012. A U.S. oil broker was on the line requesting a quote from the Bangor-based railway for shipping North …MMA to stop hauling oil through Lac-MéganticMontreal Gazetteall 1 news articles »
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
Bond ladders and how to incorporate them in your own portfolio
– moneysense.ca
Q: Several recent issues of MoneySense refer to bond ladders. Does the TD Canadian Bond Index e-Series use this laddering strategy?
—Rick Shantz, Cambridge, Ont.
A: No. The TD e-Series fund you mentioned does not use a bond laddering strategy. Instead it replicates the performance of the DEX Universe Bond Index, says Scott Sullivan of TD Asset Management. A bond ladder is when you have a small number of bonds with successive maturity dates, usually ranging from one to five years. When one bond matures the proceeds are used to purchase a new five-year bond, mitigating interest rate risk. While the TD fund doesn’t work this way there are a number of ETFs on the market that do. For example, iShares has four different laddered bond products and Invesco’s PowerShares has one too.
Bruce Sellery is a frequent guest on financial television shows and author of Moolala. Do you have your own personal question? Write to Bruce at ask@moneysense.ca.
—Rick Shantz, Cambridge, Ont.
A: No. The TD e-Series fund you mentioned does not use a bond laddering strategy. Instead it replicates the performance of the DEX Universe Bond Index, says Scott Sullivan of TD Asset Management. A bond ladder is when you have a small number of bonds with successive maturity dates, usually ranging from one to five years. When one bond matures the proceeds are used to purchase a new five-year bond, mitigating interest rate risk. While the TD fund doesn’t work this way there are a number of ETFs on the market that do. For example, iShares has four different laddered bond products and Invesco’s PowerShares has one too.
Bruce Sellery is a frequent guest on financial television shows and author of Moolala. Do you have your own personal question? Write to Bruce at ask@moneysense.ca.
Entrepreneurs built our roads, rails and canals far better than government did.
