How to go about securing the best return for your investment in Canada.
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What Is Going On With the Stock Market—and What You Should Do With Your Money Jun 14th
There are signs everywhere that we are headed towards an economic downturn. In May, the S&P/TSX composite index dropped below 20,000 for the first time since June 2021. On June 13, the S&P 500 fell into a bear market—a 20 per cent decline from January. Inflation is at a 31-year-high of 6.8.... More »
The best 5-year fixed mortgage rates in Canada + MORE Jun 18th
Mortgages
The best 5-year fixed mortgage rates in Canada
You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote.
I’m buying a home*
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Wealthsimple reveals that it’s now profitable, after 10 years in operation Sep 18th
As Wealthsimple marks a decade in operation, the financial platform is disclosing for the first time that it’s profitable as its revenue and assets jump.
The company that started as a robo-advisor has been steadily adding investment capabilities over the years as well as more bank-like featur.... More »
When investing, think like a landlord + MORE Feb 3rd
Markets never move in a straight line, yet if you look at a long-term chart of the S&P 500 you might argue otherwise.
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The best GIC rates in Canada for 2025 + MORE Jan 27th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Business Highlights
– canadianbusiness.com
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Families face tough decisions as cost of elder care soars
NEW YORK (AP) — Doris Ranzman had followed the expert advice, planning ahead in case she wound up unable to care for herself one day. But when a nursing-home bill tops $14,000 a month, the best-laid plans get tossed aside.
Even with insurance and her Social Security check, Ranzman still had to come up with around $4,000 every month to cover her care in the Amsterdam Nursing Home in Manhattan. “An awful situation,” said her daughter, Sharon Goldblum.
Like others faced with the stunning cost of elderly care in the U.S., Goldblum did the math and realized that her mother could easily outlive her savings. So she pulled her out of the home.
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Apple has cash cow in iPhone even as phone industry slows
SAN FRANCISCO (AP) — Smartphone sales may be slowing for some tech companies, but not for Apple.
Analysts expect another powerhouse performance from the California tech giant when it reports quarterly financial results Tuesday…
Families face tough decisions as cost of elder care soars
NEW YORK (AP) — Doris Ranzman had followed the expert advice, planning ahead in case she wound up unable to care for herself one day. But when a nursing-home bill tops $14,000 a month, the best-laid plans get tossed aside.
Even with insurance and her Social Security check, Ranzman still had to come up with around $4,000 every month to cover her care in the Amsterdam Nursing Home in Manhattan. “An awful situation,” said her daughter, Sharon Goldblum.
Like others faced with the stunning cost of elderly care in the U.S., Goldblum did the math and realized that her mother could easily outlive her savings. So she pulled her out of the home.
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Apple has cash cow in iPhone even as phone industry slows
SAN FRANCISCO (AP) — Smartphone sales may be slowing for some tech companies, but not for Apple.
Analysts expect another powerhouse performance from the California tech giant when it reports quarterly financial results Tuesday…
How Contributions Affect Your Rate of Return
– CanadianCouchPotato.com
Whenever I update the returns of my model portfolios, readers ask how the performance would have been different had they added money to the portfolios money each month. This question gets to the heart of the difference between time-weighted and money-weighted returns, which I introduced in my previous post.In our new white paper, Understanding Your Portfolio’s Rate of Return, Justin Bender and I explain the differences between these two methods using two hypothetical investors with a $250,000 portfolio: the first makes a single $25,000 contribution while the other makes a $25,000 withdrawal. Now let’s look at a different example that includes monthly cash flows.
A tale of two accounts
Meet Buster, an investor with an RRSP and a TFSA that both hold an index fund of Canadian stocks (I’ve used the MSCI Canada Investable Market Index for the calculations). At the beginning of 2014, Buster’s RRSP had a balance of $200,000 and he made $500 monthly contributions throughout the year. Buster’s TFSA has valued at $30,000 at the beginning of the year and he made a single lump-sum contribution of $10,000 in September…
Fed tells eight U.S. banks to bump capital to reduce chance of future bailouts
– theglobeandmail.com
Eight biggest U.S. banks together will be required to shore up their financial bases with about $200-billion in additional capital
OTTAWA – Most of what is billed as the largest, one-time benefit payment in federal history is likely to hit suburban voters living in federal ridings where the Conservatives can be considered the party to beat, an analysis by The Canadian Press shows.
Number-crunching based on the last census shows that many of the ridings in line to get the biggest cheques from the newly increased Universal Child Care Benefit are in suburban Alberta and the all-important ridings that surround Toronto — and they usually have a history of tilting Tory.
Only two of the top 20 destinations for the enriched UCCB payments landing on July 20 are locations where the opposition NDP would be considered the favourite; and one more in the top 20 would be considered a Liberal seat.
That leaves 17 seats that could be considered Conservative-leaning, home to the voters who could receive the biggest financial windfall when almost $3 billion in child care benefit payments are mailed on Monday — three months before election day in October…
Number-crunching based on the last census shows that many of the ridings in line to get the biggest cheques from the newly increased Universal Child Care Benefit are in suburban Alberta and the all-important ridings that surround Toronto — and they usually have a history of tilting Tory.
Only two of the top 20 destinations for the enriched UCCB payments landing on July 20 are locations where the opposition NDP would be considered the favourite; and one more in the top 20 would be considered a Liberal seat.
That leaves 17 seats that could be considered Conservative-leaning, home to the voters who could receive the biggest financial windfall when almost $3 billion in child care benefit payments are mailed on Monday — three months before election day in October…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,425.55, down 217.29 points):
Romarco Minerals Inc. (TSX:R). Miner. Down 7.5 cents, or 20 per cent, to 30 cents on 7.2 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Down $1.82, or 15.96 per cent, to $9.58 on 5.6 million shares.
Lake Shore Gold Corp. (TSX:LSG). Miner. Down five cents, or 4.24 per cent, to $1.13 on 4.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 1.57 per cent, to $1.88 on 4.6 million shares.
Goldcorp Inc. (TSX:G). Miner. Down $2.36, or 12.36 per cent, to $16.74 on 4.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 37 cents, or 11.94 per cent, to $2.73 on 4.2 million shares.
Companies reporting major news:
Quebecor Inc. (TSX:QBR.B). Media, telecommunications. Up 13 cents, or 0.43 per cent, to $30.65 on 213,011 shares. Quebecor Inc. has officially entered the running for an NHL expansion team. The media company says on its Twitter account that it has submitted its “candidacy for the #NHL expansion process in order to bring the #Nordiques back to #Quebec City…
Toronto Stock Exchange (14,425.55, down 217.29 points):
Romarco Minerals Inc. (TSX:R). Miner. Down 7.5 cents, or 20 per cent, to 30 cents on 7.2 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Down $1.82, or 15.96 per cent, to $9.58 on 5.6 million shares.
Lake Shore Gold Corp. (TSX:LSG). Miner. Down five cents, or 4.24 per cent, to $1.13 on 4.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 1.57 per cent, to $1.88 on 4.6 million shares.
Goldcorp Inc. (TSX:G). Miner. Down $2.36, or 12.36 per cent, to $16.74 on 4.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 37 cents, or 11.94 per cent, to $2.73 on 4.2 million shares.
Companies reporting major news:
Quebecor Inc. (TSX:QBR.B). Media, telecommunications. Up 13 cents, or 0.43 per cent, to $30.65 on 213,011 shares. Quebecor Inc. has officially entered the running for an NHL expansion team. The media company says on its Twitter account that it has submitted its “candidacy for the #NHL expansion process in order to bring the #Nordiques back to #Quebec City…
