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What does high inflation mean for your retirement savings? + MORE Jan 4th
Welcome to The Fourth Estate, our new column that looks at investing and retirement planning through a journalistic lens, asking the questions of who, what, where, when and, of course, why. For our first article, financial planner and writer Robb Engen looks at how high inflation affects investments.... More »
The complete guide for first-time home buyers in Canada Mar 26th
Buying your first home is an exciting experience, but it can also be an overwhelming one—especially if you’re not sure where to start. That’s why we’ve outlined some simple steps that anyone shopping for a home should take, from figuring out what you can actually afford to getting pre-approv.... More »
TD, RBC second-quarter profit bump helped by rising rates, macro environment May 24th
Two of Canada's biggest banks reported second-quarter earnings Thursday that benefited from bigger profit margins on the back of rising interest rates, though the bump could be less pronounced in coming quarters as pressure mounts for banks to raise the interest rates they pay on dep.... More »
Former Amaya CEO David Baazov sells 7 million shares + MORE Mar 8th
Baazov sold the stock the S&P/TSX composite index for $19 per share, totalling $133-million
.... More »
Canada-EU trade deal ‘best’ pact ever negotiated by Europe: European leader Sep 4th
HANGZHOU, China – The president of the European Commission told the G20 summit that Europe’s free trade deal with Canada is the best and most-progressive trade agreement the EU has ever negotiated.
Speaking to reporters Sunday at the G20 in China, Jean-Claude Juncker said the agreement d.... 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.
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.
MoneySense answers your 20 burning RRSP questions
– macleans.ca
The following is an excerpt from the MoneySense Extra! “The Ultimate Guide to RRSPs” available for download now in your app store and on Next Issue.
1. What is an RRSP?
Of course you know what an RRSP is—it’s that thing you’re putting money into to save for retirement, right? Beyond that, many people’s understanding of RRSPs is pretty fuzzy. A common misconception is that the RRSP is a type of investment like a mutual fund, but it’s not. It’s simply a saving or investing account with certain tax-saving characteristics. When your bank sells you an RRSP, all they’re selling you is a prepackaged investment—usually a collection of mutual funds or a wrap program—that happens to be in an RRSP or registered account. But you can also open an empty RRSP account at your bank or discount brokerage and put whatever investments you want in it. You can even hold several different RRSP accounts with different institutions. “It’s really a personal pension plan,” says Peter Volpé, senior vice-president of the Toronto wealth management firm Integra…
1. What is an RRSP?
Of course you know what an RRSP is—it’s that thing you’re putting money into to save for retirement, right? Beyond that, many people’s understanding of RRSPs is pretty fuzzy. A common misconception is that the RRSP is a type of investment like a mutual fund, but it’s not. It’s simply a saving or investing account with certain tax-saving characteristics. When your bank sells you an RRSP, all they’re selling you is a prepackaged investment—usually a collection of mutual funds or a wrap program—that happens to be in an RRSP or registered account. But you can also open an empty RRSP account at your bank or discount brokerage and put whatever investments you want in it. You can even hold several different RRSP accounts with different institutions. “It’s really a personal pension plan,” says Peter Volpé, senior vice-president of the Toronto wealth management firm Integra…
Mexico races ahead in auto industry as Canada stalls
– theglobeandmail.com
New data on investment, trade and vehicle production raise concerns over Canadian auto sector’s future
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.
