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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How to make your first million in five steps (no, you don’t need to own real estate) + MORE Apr 4th
This is one of the most-asked questions I get, and here’s the step-by-step answer, Lesley-Anne Scorgie writes..... More »
RBC misses Q3 profit expectations as bad-loan provisions jump - BNN Bloomberg Aug 24th
RBC misses Q3 profit expectations as bad-loan provisions jump BNN BloombergROYAL BANK OF CANADA REPORTS THIRD QUARTER 2022 RESULTS Canada NewsWireToronto-Dominion Bank stock rises Tuesday, still underperforms market MarketWatchNational Bank reports third-quarter prof.... More »
Weather tracker: how did Hurricane Fiona maintain intensity so far north? - The Guardian Sep 26th
Weather tracker: how did Hurricane Fiona maintain intensity so far north? The GuardianNova Scotia announces financial support for Fiona recovery CTV News AtlanticStorm Fiona: Premier Houston outlines what financial support Nova Scotians can get Global NewsToronto non.... More »
Coronavirus will not be the only crisis the world has to face. Here’s how to prepare your portfolio Feb 4th
In this time of global uncertainty, the best way to protect your assets is to have some of your money in these safe havens, writes Gordon Pape..... More »
Rachel Notley says panel report on oil royalties still weeks away + MORE Jan 11th
EDMONTON – The results of Alberta’s royalty review have now been put off for a few more weeks — but critics say time is of the essence.
“We said (from the beginning) that a review shouldn’t be done at all, but if it was done it needed to be over very quickly,” Wildros.... More »
Loonie rises after five losing sessions, traders look to GDP data, Fed meeting – Vancouver Sun
– news.google.ca
Montreal GazetteLoonie rises after five losing sessions, traders look to GDP data, Fed meetingVancouver SunTORONTO – The Canadian dollar was higher Tuesday following a series of sharp declines as traders looked to see how the Canadian economy performed during November. The loonie was up 0.03 of a cent to 80.26 cents US following five, straight sessions …Toronto stock market drops 123 points, Canadian dollar risesTimes ColonistTSX drops on Greek concerns, copper pricesReuters CanadaToronto stock market heads lower amid declining commodities, earnings missesWinnipeg Free Pressall 125 news articles »
Did 65 million people get an iPhone 6 for Christmas?
– macleans.ca
Tech Week continues today, with Apple and Yahoo! releasing their quarterly earnings, and the big question is how many iPhone 6s Apple just sold (the average estimate: 65 million). Tomorrow, Facebook reports its quarterly earnings, following a brief outage/outrage this morning that prompted panic among many a social media addict. There is also some turmoil in Russia today, as the Kremlin reacts to a credit downgrade to “junk” status.
What to watch for today: The U.S. Federal Treasury is meeting today and tomorrow, and will make its interest-policy announcement tomorrow. There’s no rate hike expected immediately, but, at the last meeting, just a word change—a pledge to be “patient” from Janet Yellen—pushed an extended market rally. There will also be numbers from the U.S. on durable goods and new home sales, giving insight into the health of the American housing market.
Rate cutting begins at Canada’s big banks. Last week, it looked as though a rate cut by the Bank of Canada hadn’t had an immediate impact on mortgage rates for average borrowers…
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.
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.
How to pay off the mortgage faster
– moneysense.ca
(Photograph by Jenna Wakani)The current situation
Mukesh Aggarwal, 52, and his wife Shabnam, 47, immigrated to Mississauga, Ont., nine years ago with their two sons. Together, the two pull in $175,000 annually, and both receive average annual pay increases of 5%. But despite such lucrative employment, they’re feeling weighed down by the $615,000 mortgage remaining on their home. “We want to retire debt-free,” says Mukesh, noting that their 2.3% mortgage rate expires next July.
Recently, the couple increased their weekly mortgage payment to $700 but feel that won’t be enough. Their goal is to pay off the mortgage in 13 years, before Mukesh turns 65. They are considering putting half of their 5% average annual wage increase towards the mortgage but also want to look at other options. In 2016, their youngest son will complete university, and that will free up $7,500 annually for the mortgage. Although Mukesh stopped contributing to his RRSP, Shabnam still puts $4,800 annually into her TFSA and both pay into their company’s pensions…
