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
What’s the RRSP deadline for 2022? Feb 10th
RRSP contribution deadline highlights
The RRSP contribution deadline for 2022 is March 1, 2023. Contributions made before the deadline must be reported on your 2022 tax return, but you can choose to carry the deductions forward into 2023 or beyond.
Every year, Canadians are asked to prepare.... More »
Canada's job recovery will reflect growing divergence between resource and ... - CBC.ca + MORE Jan 8th
CBC.caCanada's job recovery will reflect growing divergence between resource and ...CBC.ca"The chart between oil and the Canadian dollar looks like a pair of train tracks," said Bank of Canada governor Stephen Poloz in Ottawa Thursday. As Poloz was speaking, fears of a meltdown in Chi.... More »
Stocks power higher for a 4th day in Toronto, New York + MORE Oct 21st
The Toronto and New York markets powered higher for a fourth straight session Tuesday, on some strong earnings reports and news that the European Central Bank was buying bonds..... More »
Food is getting more expensive. The Star’s Millennial Money financial expert offers tips on how to manage your food budget + MORE Dec 28th
In this special edition of Millennial Money, coach Jason Heath shares how his family handles grocery shopping and takeout amid rising food costs..... More »
G20 concludes Brisbane meeting, agree to action to boost growth + MORE Nov 17th
Citing risks from financial markets and geopolitical tensions, the leaders said the global economy is being held back by lacklustre demand
.... More »
120 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.
Balance sheets: Canadian vs. U.S. households
– moneysense.ca
The latest Allianz Global Wealth Report has some of the most interesting comparisons of Canadian vs. American balance sheets we’ve seen in a while.Overall, the insurance and asset management firm ranked Canadians the 8th richest in the world in terms of net per capital financial assets, behind Switzerland, the U.S., Belgium, Netherlands, Japan, Sweden and Taiwan. We’d be higher on that list if it weren’t for our debt levels, Allianz suggests.
“Although financial assets made a relatively speedy recovery in the aftermath of the crisis, achieving annual growth averaging 8.1 per cent per annum over the past five years, the financial situation of Canadian households is anything but sustainable,” the report reads.
“Macroeconomic shocks like rising interest rates, a labour market slump or falling house prices could pose a serious threat to the solvency of highly-indebted households.
These graphs from the same report just how insatiable Canadians’ appetite for debt is, especially when compared to the U…
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.
NEW YORK –There’s positive fiscal news coming soon from the federal government, Prime Minister Stephen Harper revealed Wednesday during a public event in the United States.
The prime minister announced before a business audience that last year’s deficit numbers will have to be revised, for the better.
He made the statement during a PowerPoint presentation at New York’s Goldman Sachs investment bank, where he touted the performance of the Canadian economy.
“It says $16.6 billion,” Harper said, of the deficit number for 2013-14, posted on the screen.
“That number will be somewhat… significantly… lower. Although we expect a very small deficit this year (in 2014-15), we will be very close (to surplus)… We’re anticipating healthy surpluses.”
That puts the government in a position to enter an election next year with fiscal room, to lower taxes or spend on campaign promises.
Opposition parties have accused the government of downplaying this year’s finances, to suddenly announce a surplus in an election year…
The prime minister announced before a business audience that last year’s deficit numbers will have to be revised, for the better.
He made the statement during a PowerPoint presentation at New York’s Goldman Sachs investment bank, where he touted the performance of the Canadian economy.
“It says $16.6 billion,” Harper said, of the deficit number for 2013-14, posted on the screen.
“That number will be somewhat… significantly… lower. Although we expect a very small deficit this year (in 2014-15), we will be very close (to surplus)… We’re anticipating healthy surpluses.”
That puts the government in a position to enter an election next year with fiscal room, to lower taxes or spend on campaign promises.
Opposition parties have accused the government of downplaying this year’s finances, to suddenly announce a surplus in an election year…
60 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.
