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
Investing inside a corporation: what you need to know + MORE Jul 23rd
A MoneySense reader writes:
We have $550,000 to invest in our corporation and need something tax-efficient. Although we’re retired, we don’t need this money for the foreseeable future, so we’re investing for the long term. We’re considering either DIY investing following one of the Couch Pot.... More »
90 days - 1.75% + MORE Sep 20th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
Judge approves $200M settlement in 2012 meningitis outbreak linked to Massachusetts firm + MORE May 19th
BOSTON – Victims of a 2012 meningitis outbreak caused by a now-closed Massachusetts compounding pharmacy will have access to a $200 million compensation fund, following approval Tuesday by a federal bankruptcy judge.
The new fund will be available to compensate creditors and victims who became.... More »
Financial Times says parent company Pearson in talks to sell its stake in Economist Group + MORE Jul 25th
LONDON – The Financial Times reports that its parent company, Pearson PLC, is in talks to sell its 50 per cent stake in the Economist magazine.
The report says the talks involve other shareholders in the Economist Group.
The FT said Saturday its report is based on people familiar with the nego.... More »
A quick guide to how income distributions on ETFs and mutual funds work Apr 12th
Q. I’m wondering if the reinvested income in mutual funds and ETFs paid only to existing investors who hold the units at the time of the distribution. If I sold my holding just before the distribution, am I out of luck? Or would the income still accrue to me, since I held the shares when that inco.... More »
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.
Getting them back to balanced
– moneysense.ca
The problemJohn Dales retired from a stressful job at 57 after his wife Kirsty said “she’d rather have me poor than dead.” The good news is the couple is far from poor: they have a paid-for home in Northern Ontario, their children have left the nest, and Kirsty will receive $45,000 a year from her defined-benefit pension when she retires from the public service next May. But their $500,000 RRSPs are very conservatively invested in savings accounts, GICs and bond funds unlikely to deliver more than 2% a year. They plan to spend $60,000 annually in retirement, and they’re not sure such a low-yield portfolio will be able to sustain their lifestyle.
The fix
The challenge for this couple is as much about broad financial planning as investing, so we consulted veteran financial planner Warren Baldwin of Toronto-based T.E. Wealth.
John and Kirsty will each receive reduced Canada Pension Plan benefits at age 60, with full Old Age Security at 65. Their only debts—for a car and a home renovation—will be paid off in two and four years, respectively…
No reason for panic, Potash Corp. CEO tells investors
– theglobeandmail.com
The announcement last week that the Russian potash producer OAO Uralkali is striking out on its own has raised fears that the potash price will plummet, hurting the company’s stock
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.
Agrium profit hit by cold North American spring
– theglobeandmail.com
Fertilizer company posts earnings of $5.02 (U.S.) a share in the second quarter
