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
How is investment income taxed in Canada? Jul 3rd
Ask MoneySense
I have a GIC and wondered what if I take out $50,000, how much income tax will I be paying?
My financial advisor is not very helpful.
–Louise
There are tax considerations when you own investments. There may be tax owing when you sell investments. And different investment .... More »
Bauer-owner Performance Sports to sell assets to Sagard, Fairfax + MORE Jan 26th
Move comes after no other competing bids for company emerged
.... More »
Why are stock markets rising? Apr 8th
It’s hard to believe that the first quarter of the year is already finished, but it’s even harder to fathom just how far away the last three months of 2018 now seem. You may have already forgotten, but between October 3 and December 24, global stock markets plummeted, with the S&P 500 fallin.... More »
Kristy Shen on living the FIRE life and using money to “buy back time” + MORE Apr 4th
In their early 30s, Kristy Shen and Bryce Leung quit their high-paying jobs in software engineering to travel the world. The Toronto couple had $1 million in savings, but instead of taking the conventional route of home ownership, they packed their suitcases. Shen and Leung started sharing their adv.... More »
The Growth Dividend for Workers Nov 3rd
The October jobs report shows the shared gains of a stronger economy..... More »
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
After five years in which oil traded in a narrow band around the $100 US a barrel mark, crude markets returned to volatility this fall. Analysts have no consensus on how low it could go, but they’re ready to predict a pullback in investment.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Nova Scotia faces wage, program restraint to control spending in 2015: premier
– canadianbusiness.com
HALIFAX – Public sector unions appear to be in Nova Scotia Premier Stephen McNeil’s sights in 2015 as his government grapples with spending restraint and a sluggish economy that’s showing few signs of growth.
McNeil warned in a year-end interview that tough decisions are ahead for a government that needs to rein in spending while creating “conditions” that will lead to more business investment and jobs as the economy struggles at about one-per-cent growth.
The province is operating with a projected budget deficit of $220.6 million for 2014-15, while jobs figures from November indicated little change over the previous year and an unemployment rate of 8.8 per cent.
While McNeil would only hint at what measures are contemplated for the economy, he identified public-sector wages as a key to getting government spending under control.
“Public sector wage settlements that have been 2 1/2 or three per cent, it’s not sustainable and can’t continue,” said McNeil…
McNeil warned in a year-end interview that tough decisions are ahead for a government that needs to rein in spending while creating “conditions” that will lead to more business investment and jobs as the economy struggles at about one-per-cent growth.
The province is operating with a projected budget deficit of $220.6 million for 2014-15, while jobs figures from November indicated little change over the previous year and an unemployment rate of 8.8 per cent.
While McNeil would only hint at what measures are contemplated for the economy, he identified public-sector wages as a key to getting government spending under control.
“Public sector wage settlements that have been 2 1/2 or three per cent, it’s not sustainable and can’t continue,” said McNeil…
Carrick on money: The big mortgage milestones of 2014
– theglobeandmail.com
The best of the Web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
