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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Having a will is essential (and easier than you think) + MORE Jun 18th
Writing a will is one of those things that tends to sit on your to-do list indefinitely, right up there with organizing old paperwork or finally cleaning out the basement. You know it matters and that you’ll get to it eventually, but it never seems to make it to the top of the priority list.
.... More »
Wireless lobby sues Quebec over law banning access to some online gaming sites + MORE Jul 27th
MONTREAL – A new Quebec Internet law that would ban access to some online gambling sites is unconstitutional, says Canada’s wireless telecom lobby, which filed court papers on Wednesday challenging the legislation.
Rules governing the country’s telecom industry fall strictly under .... More »
U.S. blocks MoneyGram sale to China’s Ant Financial on national security concerns + MORE Jan 3rd
Most high-profile Chinese deal to be torpedoed under the administration of U.S. President Donald Trump
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A complete guide to TFSA accounts in 2022 Jan 31st
In 2009, the federal government introduced Tax-Free Savings Accounts (TFSAs). This account quickly became popular with investors since it was another savings vehicle that allowed people to tax-shelter their money. However, the name is misleading, and many people still don’t understand how TFSA.... More »
The best 5-year fixed mortgage rates in Canada + MORE Jun 18th
Mortgages
The best 5-year fixed mortgage rates in Canada
You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote.
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Ford shares fall as company no longer expects Europe profit in 2015
– theglobeandmail.com
Chief financial officer Bob Shanks said record profit in North America isn’t enough to offset trouble in global markets
90 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.
One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government’s rescue of American International Group Inc was, in fact, legal.
Toronto StarMARKET REPORT: TSX extends losses; Encana in US$7.1b dealTheChronicleHerald.caTORONTO – The Toronto stock market added to a string of sharp losses Monday as traders continued to opt for caution amid Chinese economic data that kept concerns elevated about global economic strength and the timing of U.S. rate hikes. The S&P/TSX …Canadian banks shut out of Encana-Athlon dealThe Globe and Mail (subscription)CANADA STOCKS-TSX declines on rising geopolitical worriesReutersEnergy Watch: Encana becomes a nimble energy giantbnn.caCalgary Herald -Bloomberg -Fort Frances Timesall 240 news articles »
GICs: The problem with playing it safe
– moneysense.ca
Heather Walker, 59 (Photo by Philip Cheung)The problem
As a 59-year-old training administrator for a mining company, Heather is a member of her company’s defined contribution pension plan. She’s also mortgage-free. But in 2008 she suffered a 40% loss in her stock portfolio and has since slowly sold off all her high-fee mutual funds, putting her 100% in cash. “I have to pay more attention,” says Heather, who has started managing her own finances. After reading up on investing, she’s ready to rebuild her $200,000 portfolio—split evenly between registered and non-registered investments. She plans to add corporate bonds, but isn’t sure what to do about equities. “I have a low risk tolerance.”
The fix
Vancouver money coach Annie Kvick says losing 40% of your portfolio when you’re five to 10 years from retirement is stressful. But investing her entire portfolio in GICs and bonds is risky because Heather could lose her nest egg to inflation, or even outlive her money entirely…
