How to go about securing the best return for your investment in Canada.
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Loonie continues towards 11 1/2-year low, TSX and U.S. markets drop again + MORE Dec 8th
TORONTO – The Canadian dollar and Toronto Stock Exchange continued to fall Tuesday morning.
The loonie was down of more than one-third of a cent and the main TSX index fell more than 100 points.
The S&P/TSX composite index was at 12,896.09, dropping 146.74 points or nearly one per cent fro.... More »
What happens when a buyer backs out of a real estate deal? Aug 31st
When it comes to backing out of a real estate deal, the law doesn’t tend to side with the dealbreaker, says Ron Butler, a veteran mortgage broker and one of the founders of Butler Mortgage in Toronto. If you’re the buyer, “You should find a way to complete the sale—beg, borrow, do whatever y.... More »
Why Urbancorp collapsed in Toronto’s red-hot housing market + MORE May 13th
The developer muscled its way into the big leagues of Toronto real estate with rapid-fire deals and large financings. How did it all go so wrong?
.... More »
World finance leaders see threats ahead for global economy, especially a Greek debt default + MORE Apr 19th
WASHINGTON – The world’s financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt.
The finance ministers and central bank governors ended three days of meetings in .... More »
Toronto Real Estate Board must lift restrictions on sales data: tribunal Jun 5th
TORONTO – Canada’s largest real estate board must give its realtor members access to more home sales data, which they could share with the public online, the Competition Tribunal said Friday.
The tribunal said the Toronto Real Estate Board must include in its home sales data feed informa.... More »
MER TER Money Management Fees FWIW
– myownadvisor.ca
A few months ago I got an email from a reader stating something to this effect:Hello again, here is something you probably already know, the management fees recorded on most Exchange Traded Fund (ETF) sites is NOT the same as the MER, in some cases, not by some lot. I own shares with most of the providers, but do feel the industry should be OBLIGED to report the total MER and not just the management fee. To cite some examples, XEI by Blackrock has the 0.20% management fee posted on their website whereas Morningstar reports the XEI management expense fee as 0.61%. The Vanguard funds and site seems clearer to investors. For example, Vanguard Canada reports both management fee and management expense ratios for their ETFs. On some sites I find it is almost impossible to find what the products actually charge investors. Perhaps you could do a story on this? I think the MER is key, thanks!
Thanks to this reader for raising this issue with me. I agree; more transparency but also more consistency is needed when it comes to financial product reporting…
30 days – 1.75%
– ratesupermarket.ca
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.
Don't take government grants for granted
– canadianliving.com
When it comes to saving for a child’s education, there are many savings options available to you including non-registered accounts, Tax-Free Savings Accounts (TFSAs) and Registered Education Savings Plans (RESPs). Arguably, each type of investment vehicle has its own merits.
Why a CST RESP is the perfect birthday gift?
– canadianliving.com
Birthday gifts can be a great way to help ensure that a child’s long-term wishes really do come true.
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
