How to go about securing the best return for your investment in Canada.
Latest News
36% of Canadians surveyed lied about money to partner + MORE Feb 7th
TORONTO — As Valentine’s Day approaches, a new survey suggests some Canadians planning to take their relationships to the next level may want to have a frank conversation about infidelity — financial infidelity, that is.
The online poll found 36 per cent of Canadians surveyed have lied abo.... More »
Who pays tax on cash gifts in Canada? Mar 19th
Ask MoneySense
Is there a tax on cash gifts to children in Ontario?
—Virginia
Tax on gifts and loans to children in Canada
When you give cash to a child, Virginia, there are generally no tax implications for the recipient. They do not have to worry about paying tax on it, no matter where.... More »
Frankie earns $53,000 but has a mountain of credit card debt. Can he ever climb out of this hole? Feb 20th
The 24-year-old Toronto writer says tracking his spending was a ‘wake-up call,’ but feels ‘it’s never too late’ to get his financial house back in order.... More »
Big banks poised to follow suit as RBC trims 5-year fixed mortgage rate - Global News Jan 16th
Big banks poised to follow suit as RBC trims 5-year fixed mortgage rate Global NewsCanada's main financial institutions were expected to lower their five-year fixed rates because of a decline in the government bond market.View full coverage on Google News.... More »
Teck Resources shares up on merger report + MORE Mar 30th
VANCOUVER – Shares of Teck Resources Ltd. (TSX:TCK.B) were up more than 14 per cent Monday amid a report that the company is in talks regarding a possible merger with Chilean copper miner Antofagasta.
Bloomberg cited unidentified sources with knowledge of the matter as saying that the companie.... More »
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
EU’s Alpine tourism hubs brace for fewer Russian visits amid Ukraine, ruble and oil-price pain
– canadianbusiness.com
PARIS – Russia’s tensions with the West over Ukraine and the slump for the ruble are echoing through the French Alps — and unfortunately for some businesses, just in time for ski season.
Hoteliers, taxi drivers and ski stations in France’s wintertime hotspots and beyond say a tourism boom by big-spending Russians in recent years is about to melt away because of Russia’s economic crisis, Western sanctions and a drop in oil prices that is keeping both uber-rich and middle class Russians away as the year ends.
As Moscow and the West began a faceoff over violence in Ukraine this year, Russian President Vladimir Putin warned that U.S and European sanctions would cut both ways. At times, they have: Few places have felt them as have European tourist getaways in the Alps or the Mediterranean. Tourism chiefs cite a one-two punch to Russian travel to the EU: First political strains over Ukraine dent enthusiasm for travelling to the EU, then the financial pain of a falling ruble and oil prices hit Russian pocketbooks…
Hoteliers, taxi drivers and ski stations in France’s wintertime hotspots and beyond say a tourism boom by big-spending Russians in recent years is about to melt away because of Russia’s economic crisis, Western sanctions and a drop in oil prices that is keeping both uber-rich and middle class Russians away as the year ends.
As Moscow and the West began a faceoff over violence in Ukraine this year, Russian President Vladimir Putin warned that U.S and European sanctions would cut both ways. At times, they have: Few places have felt them as have European tourist getaways in the Alps or the Mediterranean. Tourism chiefs cite a one-two punch to Russian travel to the EU: First political strains over Ukraine dent enthusiasm for travelling to the EU, then the financial pain of a falling ruble and oil prices hit Russian pocketbooks…
Stocks face final days of 2014 in far better shape; traders look to GDP data
– canadianbusiness.com
TORONTO – North American stock markets are facing the last few trading sessions of 2014 in better shape than they have been in weeks after suffering steep declines amid a collapse in oil prices, concerns about U.S. interest rate hikes and the after-effects of the end of the Federal Reserve’s third round of quantitative easing at the end of October.
“I think we will see things kind of stabilize — it’s been a pretty wild first half of December,” observed Colin Cieszynski, chief strategist at CMC Markets.
“But from here on, I suspect it is going to be pretty quiet. Maybe we’ll get some action at the beginning of next week, but after a day or so that will be about it.”
Traders are facing a much-shortened trading week with Toronto and New York closing at 1 p.m. on Christmas Eve. Toronto stays shuttered for the rest of the week while New York reopens Friday.
But there is still some top-drawer economic data to consider this week, including the latest readings on Canadian and U…
“I think we will see things kind of stabilize — it’s been a pretty wild first half of December,” observed Colin Cieszynski, chief strategist at CMC Markets.
“But from here on, I suspect it is going to be pretty quiet. Maybe we’ll get some action at the beginning of next week, but after a day or so that will be about it.”
Traders are facing a much-shortened trading week with Toronto and New York closing at 1 p.m. on Christmas Eve. Toronto stays shuttered for the rest of the week while New York reopens Friday.
But there is still some top-drawer economic data to consider this week, including the latest readings on Canadian and U…
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.
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.
