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
At least 3 killed after Zimbabwe troops fire upon protesters in clash over vote results - CBC.ca Aug 1st
CBC.caAt least 3 killed after Zimbabwe troops fire upon protesters in clash over vote resultsCBC.caPresident Emmerson Mnangagwa in a statement carried by state media says the opposition under Nelson Chamisa is responsible for the chaos "meant to disrupt the electoral process." Demonstrator.... More »
Is it the right time to buy a house? Yes. If you have answers + MORE Jul 6th
Housing market is tough to get into—prices are high, but interest rates are low, so how do you know if it’s the right time to buy?
The practical answer has little to do with mortgage rates or housing prices and everything to do with with where you see yourself in five to 10 years. Do you expe.... More »
Weekend Reading – Stop making your advisor rich, RRSP suggestions, tax tips and more + MORE Feb 12th
Learn, save, invest and prosper with My Own Advisor.
Welcome to some Weekend Reading friends. Earlier this week I shared some top Canadian dividend paying stocks to buy, including two companies that recently raised their dividends, and if you want to be more productive, and I do, consider these ti.... More »
Investment firms fear tech companies getting into their business Dec 16th
What if Amazon distributed financial products or offered its own advice? What if Google bought its own money manager?.... More »
CIBC report says strength in job market even better than headlines suggest + MORE Jan 11th
TORONTO _ A report by CIBC says the recent strength in Canada’s labour market runs deeper than just the 420,000 jobs added last year.
CIBC deputy chief economist Benjamin Tal says the economy also saw average wage earnings grow and the creation of more higher-paying jobs last year than low-pay.... More »
The Toronto stock market shoots higher for a second day, as oil prices appear to stabilize.
Investing money for a down payment
– moneysense.ca
(Photograph by Ronit Novak)Q: I plan to upgrade from my condo to a house in about five years. What’s the best way to invest the money I’m setting aside for a down payment? —Heather Wilson, Toronto
A: The word “invest” implies that you want to get this money working for you. But if it were my down payment I would lower my expectations and think about how to simply “save” it. Your time horizon is short, so capital preservation should be your No. 1 goal. If you have TFSA room, I would shop around and see who has the highest rate on a savings account. Sure, you will get a slightly better rate on a one-year GIC, but small amounts will be hard to add and depending on the duration you won’t have the flexibility to cash out when you want to. Buying a TD e-Series mutual fund would give you some exposure to the stock or bond markets and allow you to purchase in small amounts, but I just don’t think the risk would be worth it. The fact is, for savers, interest rates are abysmally low…
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.
Toronto stock market advances following big selloff, oil prices stable – Winnipeg Free Press
– news.google.ca
CTV NewsToronto stock market advances following big selloff, oil prices stableWinnipeg Free PressTORONTO – The Toronto stock market was up sharply late morning Thursday as investors took another run at a relief rally following the sharp selloff that launched the 2015 trading year. The S&P/TSX composite index gained 148.47 points to 14,433.47 in a …TSX shoots higher for 2nd day as oil prices stabilizeCBC.caToronto stock market advances amid employment, interest rate optimismTimes ColonistCANADA STOCKS-TSX advances on positive US data, Fed signalsReuters Africaall 107 news articles »
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.
