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
At least 3 killed after Zimbabwe troops fire upon protesters in clash over vote results - CBC.ca Aug 1st
CBC.caAt least 3 killed after Zimbabwe troops fire upon protesters in clash over vote resultsCBC.caPresident Emmerson Mnangagwa in a statement carried by state media says the opposition under Nelson Chamisa is responsible for the chaos "meant to disrupt the electoral process." Demonstrator.... More »
Choosing ETFs: The folly of cutting fees at all costs + MORE Jun 7th
There’s a price war going on, and you’re the winner: Canadian ETFs have never been cheaper. An investor can now build a Couch Potato portfolio with an annual management fee of just 0.12%, less than half what it cost just a few years ago.
Keeping costs low is essential, and most Canadians are pay.... More »
U.S., Israel launch ‘massive and ongoing’ attack on Iran - The Globe and Mail Feb 28th
U.S., Israel launch ‘massive and ongoing’ attack on Iran The Globe and MailMultiple Gulf Arab states that host US assets targeted in Iran retaliation Al JazeeraExplosions Heard In Abu Dhabi, Qatar Intercepts Iranian Missile NDTVIran targets US bases amid joint US.... More »
Things to Consider About Personal Loans May 8th
It seems like personal loans are the choice number one nowadays. When things don’t go according to the plan, or simply when it’s hard to make ends meet, the first thing that falls on our minds is personal loans. They are like the easiest solution to our problems. It doesn’t take a lot to recei.... More »
How it works: Capital gains tax on the sale of a property Apr 20th
Capital gains. Even the mention of these two words together can immediately conjure myths about owing the government 50% of the money earned from selling a home. But, like most rumours, it’s only half true—for now. You may have also heard that Budget 2024, the Canadian federal government introdu.... More »
Time to step back from the hedge
– moneysense.ca
If you make regular trips to the U.S. or overseas, the recent decline in the Canadian dollar has probably cost you money. However, it’s been a boon for investors who diversified their investments outside Canada. Since February 2013, the loonie has plunged relative to the U.S. dollar, the euro, British pound and Chinese yuan. So if your portfolio included foreign equities during last year’s bull market, your stocks went up and these currencies appreciated relative to the Canadian dollar. This would have boosted your returns—but not if your funds used currency hedging.
Currency hedging is a strategy many mutual funds and ETFs use to reduce the impact of foreign exchange rates on investment returns. Whenever Canadians hold stocks or other assets denominated in foreign currency, they take on two types of risk. First is the risk the value of the asset itself will fall. A second is that the currency will decline relative to the loonie. Assuming you measure your returns in Canadian dollars, that would result in a loss even if the price of the underlying asset were unchanged…
Currency hedging is a strategy many mutual funds and ETFs use to reduce the impact of foreign exchange rates on investment returns. Whenever Canadians hold stocks or other assets denominated in foreign currency, they take on two types of risk. First is the risk the value of the asset itself will fall. A second is that the currency will decline relative to the loonie. Assuming you measure your returns in Canadian dollars, that would result in a loss even if the price of the underlying asset were unchanged…
CREA trims sales outlook for 2014, but sees no major correction in 2014 or 2015 – Calgary Herald
– news.google.ca
CREA trims sales outlook for 2014, but sees no major correction in 2014 or 2015Calgary HeraldOTTAWA – Canada's housing market is slowing, but the Canadian Real Estate Association still sees no signs of an strong correction that would disrupt the economy or crash real estate values. In a new forecast released Monday, the national organization of …and more »
Don't bet your financial well-being on rising net worth
– theglobeandmail.com
With real estate doing abnormally well in recent years, huge price tags on homes are helping to mask shaky financial foundations
Obama's Unserious Sanctions
– online.wsj.com
The U.S. and Europe help lift the Russian stock market.
How to pay for your kids’ education
– moneysense.ca
Achille and Heidi Correggia of Brantford, Ont. want to fully fund their three kids’ post-secondary educations. (Photograph by Jennifer Roberts)The current situation
Achille and Heidi Correggia of Brantford, Ont., have three children—Kyle, 6, and three-year old twins Sophia and Noah. The couple has been contributing $2,500 annually per child into a family plan RESP starting the year each was born. ($2,500 is the maximum annual RESP contribution per child that is eligible for a 20% government grant.) “We want to be able to pay the full cost for all of their university educations, no matter where they choose to go,” says 38-year-old marketing specialist Achille. His wife shares that goal. “Both our parents paid for much of our educations,” says Heidi, a 37-year-old physiotherapist. “We want to do the same.”
However, the couple worries rising tuition rates may thwart their efforts. “If we keep saving $2,500 per child until each turns 17, will we have enough to fully fund their educations?” asks Achille…
