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 »
ETFs and RESPs: It’s always a good time to invest in education Jan 9th
Registered education savings plans (RESPs) are a smart way to save for your kids’ or grandkids’ college or university tuition and other school expenses. Not only are you setting aside money for their future, but the RESP also gets a boost from government grants.
With that in mind, here’s a .... More »
Former PC Financial customers say frozen Simplii bank accounts causing 'undue hardship' Mar 31st
Some customers of Simplii Financial, the rebrand of the former PC Financial, say they were caught off guard after their bank accounts were suddenly frozen in recent weeks. The company is trying to transition customers to new debit cards before April 10..... More »
Should you hold on to unused RRSP contributions? + MORE Dec 4th
Ask MoneySense
I have $66,000 unused RRSP contributions for the 2023 tax year (unused deductions, not unused contributions).
My plan is to start my RRSP withdrawals in January 2025, and to start claiming the unused deductions on my 2025 taxes, when most likely it will be over $70,000. In 2025, I .... More »
Before the Bell: Stocks set to rise on strong earnings + MORE Oct 18th
A look at overnight markets and what's ahead this trading day in North America
.... More »
Can you slow housing prices without raising interest rates?
Five rules to improve your financial health
– canoe.ca
The term “personal finance” refers to how you manage your money and how you plan for your future. All of your financial decisions and activities have an effect on your financial health now and in the future.
Swiss government clears some banks to co-operate with US in tax evasion deal
– canadianbusiness.com
GENEVA – The Swiss government says it has cleared the first batch of banks to co-operate with U.S. authorities under a deal to stem tax evasion.
The Cabinet gave its approval at a meeting Friday but said in a statement that it won’t give information on the number of banks involved or name them.
The agreement allows Swiss banks to settle any potential U.S. charges if they disclose information related to American assets. Some would also have to pay a penalty. Banks wanting to participate have to seek individual permission to do so from the government.
Switzerland has been trying to shed its image as a haven for tax evasion and money laundering carried out through misuse of its famous banking secrecy.
The post Swiss government clears some banks to co-operate with US in tax evasion deal appeared first on Canadian Business.
The Cabinet gave its approval at a meeting Friday but said in a statement that it won’t give information on the number of banks involved or name them.
The agreement allows Swiss banks to settle any potential U.S. charges if they disclose information related to American assets. Some would also have to pay a penalty. Banks wanting to participate have to seek individual permission to do so from the government.
Switzerland has been trying to shed its image as a haven for tax evasion and money laundering carried out through misuse of its famous banking secrecy.
The post Swiss government clears some banks to co-operate with US in tax evasion deal appeared first on Canadian Business.
Wal-Mart, Archer Daniels Midland and Apple are big market movers on Friday after Thanksgiving
– canadianbusiness.com
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Wal-Mart Stores Inc., up 8 cents to $81.01
Before Black Friday even began, the world’s biggest retailer logged more than 10 million register transactions in four hours.
Archer Daniels Midland Co., down $1.24 to $40.25
Australia rejected the conglomerate’s bid to acquire GrainCorp, saying the sale would be contrary to national interests.
Pioneer Natural Resources Co., down $1.16 to $177.75
The exploration and production company is reporting that severe winter weather “severely impacted” production in Texas.
Southwest Airlines Co., down 36 cents to $18.59
As U.S. oil production soars, there are murmurs about a production cut from OPEC, which could lead to higher costs for airlines.
Rio Tinto, up $2.11 to $53.05
The miner will halt production of alumina at its unprofitable Gove refinery in Australia’s Northern Territory as prices sag…
NYSE
Wal-Mart Stores Inc., up 8 cents to $81.01
Before Black Friday even began, the world’s biggest retailer logged more than 10 million register transactions in four hours.
Archer Daniels Midland Co., down $1.24 to $40.25
Australia rejected the conglomerate’s bid to acquire GrainCorp, saying the sale would be contrary to national interests.
Pioneer Natural Resources Co., down $1.16 to $177.75
The exploration and production company is reporting that severe winter weather “severely impacted” production in Texas.
Southwest Airlines Co., down 36 cents to $18.59
As U.S. oil production soars, there are murmurs about a production cut from OPEC, which could lead to higher costs for airlines.
Rio Tinto, up $2.11 to $53.05
The miner will halt production of alumina at its unprofitable Gove refinery in Australia’s Northern Territory as prices sag…
