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
Arctic exploration permits in sensitive Arctic area may be expired + MORE Mar 27th
Environmentalists say talks on creating a third national marine conservation area are being held up over Arctic offshore energy exploration permits that may not legally exist.
“Looking at the permits, it looks like the rights expired in 1979,” said Alex Speers-Roesch of Greenpeace.
The f.... More »
Making sense of the markets this week: January 22, 2023 Jan 20th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.
Are central banks smarter than we thought—or are they just lucky?
The world’s central banks faced plenty of critici.... More »
Health law subsidies at risk next year for 1.8M households; fed government launches outreach + MORE Aug 4th
WASHINGTON – About 1.8 million households that got financial help for health insurance under President Barack Obama’s law now have issues with their tax returns that could jeopardize their subsidies next year. Administration officials say those taxpayers will have to act quickly.
“.... More »
How AI is helping Canadians budget, save, and tackle debt Aug 1st
Canadians are increasingly turning to artificial intelligence for help with their money. From smart budgeting tools to automated investing apps, AI is quickly becoming part of how we manage our finances.
According to research by Ipsos Canada, commissioned by BMO, 33% of Canadians use AI tec.... More »
Canada’s mortgage market might be a cesspool, the federal government just warned + MORE Apr 6th
This post originally appeared at Better Dwelling. Stephen Punwasi is co-founder and chief data nerd at Better Dwelling.
Bank executives are all of a sudden very vocal about foreign buyers. Strange timing, since a branch of the Government of Canada quietly dropped a report expressing concerns regardi.... More »
90 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.
Business Highlights
– canadianbusiness.com
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Dow, S&P 500 push further into record territory
U.S. stocks capped a week that already had several record highs by delivering a couple more.
The Dow Jones industrial average and Standard & Poor’s 500 index carved out all-time highs on Friday, extending the market’s gains for the week. It was the third record close for the Dow in the week and the fourth for the S&P 500.
The latest records extended a comeback in the S&P 500, which has increased 11 per cent since plunging in mid-October.
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China unexpectedly cuts rates to support economy
BEIJING (AP) — China’s central bank unexpectedly slashed interest rates on Friday to re-energize the world’s No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. On top of the rate cut, Chinese authorities promised to inject credit into the financial system if needed.
The slowdown in global growth is becoming an increasing concern for policymakers…
Dow, S&P 500 push further into record territory
U.S. stocks capped a week that already had several record highs by delivering a couple more.
The Dow Jones industrial average and Standard & Poor’s 500 index carved out all-time highs on Friday, extending the market’s gains for the week. It was the third record close for the Dow in the week and the fourth for the S&P 500.
The latest records extended a comeback in the S&P 500, which has increased 11 per cent since plunging in mid-October.
___
China unexpectedly cuts rates to support economy
BEIJING (AP) — China’s central bank unexpectedly slashed interest rates on Friday to re-energize the world’s No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. On top of the rate cut, Chinese authorities promised to inject credit into the financial system if needed.
The slowdown in global growth is becoming an increasing concern for policymakers…
China, Europe face slowdown, while inflation ticks up in North America
– theglobeandmail.com
Policy moves send stock markets higher on hopes central bank stimulus will stabilize and revitalize two of the world’s key economic engines
MoneySense wins award for best media website
– moneysense.ca
MoneySense was honoured with a gold for best media website at the Canadian Online Publishing Awards in Toronto on Thursday evening.The award is presented to the Canadian media website “that best serves its target audience through content, design, navigation and overall reader experience.” Other finalists competing for best website in the red “consumer niche” division included Canadian Living, which won silver, BCLiving, Toronto Life, and OpenCanada.org.
“I’m thrilled with the award because MoneySense is all about connecting with our readers through a variety of platforms,” said MoneySense editor-in-chief Duncan Hood. “We’re finding the web is an excellent medium for helping Canadians across the country achieve financial success.”
“Our goal online is to help readers find reliable answers to their financial questions as well as introduce them to saving, investing and debt-reduction strategies they hadn’t necessarily considered before,” said MoneySense senior editor Stefania Di Verdi…
Nov. 21: On financial literacy programs – and other letters to the ROB editor
– theglobeandmail.com
Letters to the Editor should be exclusive to The Globe and Mail. Include your name, address and daytime phone number. Try to keep letters under 150 words. Letters may be edited for length and clarity. E-mail: letters@globeandmail.com
