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
Making sense of the markets this week: November 23 Nov 20th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
It’s déjà vu vaccine all over again as we make sense of the markets
This week began, like last week, with some very positive (and welcome) news on the vaccine front. As yo.... More »
Ottawa puts $200M into space launch pad in Nova Scotia - CBC + MORE Mar 17th
Ottawa puts $200M into space launch pad in Nova Scotia CBCHistoric $200 million investment positions Nova Scotia spaceport as cornerstone of Canada’s defence capabilities canada.caOttawa investing $200-million in Nova Scotia spaceport to enable sovereign satellite launches&nb.... More »
What were investors thinking? Interest rates must rise: Don Pittis + MORE Sep 13th
Economists and commentators are blaming the latest tumble in financial markets on fears that interest rates could hold steady or rise. Did traders think they would go down forever?.... More »
Would you save 70% of your income so you could retire early? Meet FIRE advocate Scott Rieckens, on track to retire at 41 Oct 9th
We talked to filmmaker and author Scott Rieckens about his new book, Playing With FIRE: How Far Would You Go for Financial Freedom?.... More »
Bank of Canada warns financial sector vulnerable to cyberattacks + MORE Jun 13th
Canada's interconnected banks are vulnerable to a cascading series of cyberattacks that could undermine broad confidence in the financial system, the Bank of Canada warns..... More »
Fitbit seeks up to $478-million in IPO of wearable health device
– theglobeandmail.com
Fitbit and its stockholders plan to offer 29.85 million Class A shares for $14 to $16 apiece
Brookfield buying U.K. resort group for about $3.7-billion
– theglobeandmail.com
Brookfield’s offer to Blackstone for Center Parcs exceeded bids from others, including groups led by Canada Pension Plan Investment Board, people with knowledge of the matter said
Canadian dollar advances ahead of open at Toronto Stock Exchange
– canadianbusiness.com
TORONTO – The Canadian dollar is up about one-quarter of a U.S. cent ahead of the open of trading on North American stock markets.
The loonie traded at 80.06 cents US, up 0.28 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were down 68 points at 17,955.0, the Nasdaq futures fell 22.5 points to 4,499.0, and the S&P 500 futures declined 9.7 points to 2,099.5.
On the commodity markets, the July crude contract was up 69 cents at US$60.89 a barrel and the August gold contract rose $4.80 to US$1,193.50 an ounce.
The S&P/TSX composite index closed Monday at 15,074.13, after rising 60.04 points.
The post Canadian dollar advances ahead of open at Toronto Stock Exchange appeared first on Canadian Business – Your Source For Business News.
The loonie traded at 80.06 cents US, up 0.28 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were down 68 points at 17,955.0, the Nasdaq futures fell 22.5 points to 4,499.0, and the S&P 500 futures declined 9.7 points to 2,099.5.
On the commodity markets, the July crude contract was up 69 cents at US$60.89 a barrel and the August gold contract rose $4.80 to US$1,193.50 an ounce.
The S&P/TSX composite index closed Monday at 15,074.13, after rising 60.04 points.
The post Canadian dollar advances ahead of open at Toronto Stock Exchange appeared first on Canadian Business – Your Source For Business News.
Documenting financial agreements with family
– moneysense.ca
(BraunS/Getty Images)Q: My husband and I live with his parents to assist them with care and maintenance of their home. My father-in-law is an amputee and the understanding was that we would stay with them and take over the house “once the mortgage is paid”.
My husband’s parents have not put this arrangement in writing and yet we continue to contribute to household expenses and project costs. What is the best way to be protected in the event of their death and the best investment plan considering we don’t have a mortgage payment . . . or equity in the house formally?
—Angela
A: Mixing money and family is often difficult. And no doubt the situation you are in is a tricky one, Angela.
First off, it’s noble that you guys are taking care of your in-laws. Secondly, I agree that it’s important that you deal with the financial implications up-front.
From your perspective, I’d be worried that you guys are there chipping in and helping out and that it may never be realized or recognized financially…
Make money off unwanted life insurance
– moneysense.ca
Single with no dependants and have an unwanted life insurance policy? Consider donating your policy to a charity in exchange for lucrative tax credits, instead of simply letting it lapse and getting nothing. Here’s how it works: A willing charity takes on the responsibility for paying your future premiums. In return, you get a sizeable tax receipt from the charity for the fair market value of your policy, as determined by a professional actuary. That receipt can then be used to claim federal and provincial tax credits. When you die, the charity collects your payout. “It’s a win-win for all,” says Mebs Dhalla, a financial adviser with HollisWealth, adding the strategy is becoming more mainstream.
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The post Make money off unwanted life insurance appeared first on MoneySense.
