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
All the federal budget speculation that’s fit to print + MORE Apr 21st
It’s the day you’ve been waiting for! (Probably.)
At last, at long last, it is finally federal budget day. Let the debate – over everything from unemployment, to tax-free savings, to child care benefits, to stimulus – begin (and then we can hash it all over again tomorrow morning.) W.... More »
Making sense of the markets this week: March 3, 2024 + MORE Mar 1st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. And Stephanie Griffiths was an award-winning investor for almost 20 years before returning to her roots in journalism. She is .... More »
Debt is another four-letter word for most of us + MORE Nov 30th
Learn, save, invest and prosper with My Own Advisor.
A while back on this site I wrote about my distaste for debt. For example, our bank owns close to half our home. Sure, there is “good debt” such as borrowing money for an appreciating asset (like a house) but a mortgage limits our cash flo.... More »
Honor Announces $10B AI Investment, Plans Gemini-Powered ‘Agentic’ Smartphone - Mobile ID World Mar 2nd
Honor Announces $10B AI Investment, Plans Gemini-Powered ‘Agentic’ Smartphone Mobile ID WorldChina's Honor pledges $10 billion AI investment and deepens ties with Google in global push CNBCChina's Honor announces $10 billion investment in AI devices ReutersHonor .... More »
Finance minister Morneau rejects Tory insinuation, threatens legal action + MORE Nov 29th
OTTAWA _ Finance Minister Bill Morneau is threatening to take the Conservatives to court after the official Opposition peppered him with questions about a stock sale that occurred before he introduced pension legislation in the House of Commons.
Morneau calls the insinuations by Tory finance critic .... More »
How to save $400,000 by age 50
– moneysense.ca
Mark Wade of Belleville, Ont. wants to have $400,000 by age 50 so he can retire early, like his parents did (Photograph by Ash Murrell)The current situation
Mark Wade, 32, wants to retire at age 50 with $400,000 in savings. As an operations supervisor for a cleaning company in Belleville, Ont., he earns a modest $28,000 a year. But Mark’s a diligent saver and annually deposits $5,100 into his TFSA, $4,000 into his RRSP and $3,000 into a non-registered account. “I don’t like to work so I’m saving more than 30% of my income now to retire frugally at 50 like my parents did,” he says.
Of some concern, though, is the fact that almost all of his investments are in mutual funds with management expense ratios (MERs) of 2.7%. That’s high, Mark realizes, but his portfolio, which is mainly comprised of Canadian equities, has returned 11% annually over the past 16 years—so he’s not too concerned. Mark’s also done some shrewd real estate investing and recently sold an income property he bought four years ago…
Volkswagen to invest $1-billion to expand plant in Mexico’s Puebla
– theglobeandmail.com
Investment is focused on new high-technology assembly lines and will generate 2,000 jobs
Wounded vets with no military pension to get retirement support, Veterans Affairs … – National Post
– news.google.ca
National PostWounded vets with no military pension to get retirement support, Veterans Affairs …National PostOTTAWA — The Harper government is proposing a new retirement benefit to help stave off old-age financial hardship for some of Canada's most severely disabled soldiers, addressing a long-standing concern of veterans' advocates. The benefit would …Disabled vets to get new financial supportWiarton Echoall 43 news articles »
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. 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.
