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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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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60 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
Top 1% lose share of Canada’s total wealth
– moneysense.ca
OTTAWA – Statistics Canada says the wealthiest Canadians lost ground to the other 99 per cent.
New data released by the agency says Canada’s top one-per-cent of earners saw their share of the country’s overall income drop to a six-year low in 2012.
Statistics Canada found the super-rich held 10.3 per cent of total earnings in 2012 — a drop from the historical peak of 12.1 per cent in 2006.
To qualify for the exclusive club, the agency says an individual’s 2012 income had to be at least $215,700.
The report says Canada’s situation differs from the United States, where the top one-per-cent saw their income share rise over the same six-year period — from 18 to 19.3 per cent.
The data also shows the percentage of Canadian women among the top one-per-cent earners in 2012 was nearly double what it was in 1982.
The agency says women made up more than one-in-five of the ranks of Canada’s super-wealthy in 2012.
The post Top 1% lose share of Canada’s total wealth appeared first on MoneySense.
Sears Canada Inc. continued its string of disappointing earnings, losing $118.7 million in its fiscal third quarter.
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
