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
Readers share their best money advice + MORE Feb 2nd
Streamline your strategy
I got a late start to investing and I don’t have a lot of time, so my aim is to get decent returns at a low cost with very little hands-on management. I also don’t have a high risk tolerance so my answer has always been to invest in a simple, low-fee balanced fund. I co.... More »
Weekend Reading – Money revelations, value stocks, avoiding home ownership and more + MORE Sep 17th
Learn, save, invest and prosper with My Own Advisor.
Welcome to a new Weekend Reading edition friends. I hope the back end of the summer is treating you well. Earlier this week I shared this financial goals update. We’re on vacation thanks to some savings we started many months ago.
For .... More »
Is building an emergency fund more important than other financial goals? Jun 1st
Q. I am 51, single and have no dependents, with many working years ahead of me. I earn about $70,000 annually at my tech job. Due to life circumstances, my finances are not in the best shape.
I have $6,000 in emergency fund savings in a high-interest savings account, $16,000 in an RRSP ($70,000 cont.... More »
Why everyone feels like they’re in the middle class + MORE Jun 17th
Aerial view over the Montreal suburb and middle class homes. (FOTOimage/Getty Images)
Most Canadians think of themselves as middle class. In fact, the term is so elastic that politicians know they have just about everybody’s ear when they talk about “middle class” goals and aspirations. W.... More »
Rolls-Royce shares plunge as profit warning shocks investors + MORE Nov 12th
LONDON – Rolls-Royce shares plunged 18 per cent as the maker of plane engines warned weaker demand would hit profits.
Shares fell in trading Thursday to 121.50 pence after Rolls CEO Warren East described the outlook for 2016 as “very challenging.” East described the speed and magni.... More »
Business Highlights
– canadianbusiness.com
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Markets back in positive territory after summer swoon
NEW YORK (AP) — Maybe you shouldn’t have put your money under a mattress after all.
The stock market is back in the black for the year after a bruising late-August tumble that had investors worrying about their money in a way they hadn’t in four years.
A three-week surge in stocks has now lifted the Standard & Poor’s 500 index above where it was at the beginning of 2015 for the first time since the summer.
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China move shows global reliance on low rates to lift growth
BEIJING (AP) — China’s sixth interest-rate cut in a year shows how hard it is to keep the world’s second-biggest economy growing vigorously while attempting one of history’s most audacious economic transformations.
The country’s central bank on Friday announced cuts in benchmark interest rates on loans and deposits.
The moves by the People’s Bank of China are the latest sign that the world’s major central banks remain committed to unusually low rates to try to spur economic growth…
Markets back in positive territory after summer swoon
NEW YORK (AP) — Maybe you shouldn’t have put your money under a mattress after all.
The stock market is back in the black for the year after a bruising late-August tumble that had investors worrying about their money in a way they hadn’t in four years.
A three-week surge in stocks has now lifted the Standard & Poor’s 500 index above where it was at the beginning of 2015 for the first time since the summer.
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China move shows global reliance on low rates to lift growth
BEIJING (AP) — China’s sixth interest-rate cut in a year shows how hard it is to keep the world’s second-biggest economy growing vigorously while attempting one of history’s most audacious economic transformations.
The country’s central bank on Friday announced cuts in benchmark interest rates on loans and deposits.
The moves by the People’s Bank of China are the latest sign that the world’s major central banks remain committed to unusually low rates to try to spur economic growth…
Indonesia leader’s US visit offers chance to build rapport with Obama and drum up investment
– canadianbusiness.com
WASHINGTON – Indonesia’s leader is making his first official U.S. visit since sweeping to power a year ago. It’s a chance to build a rapport with an American president with personal ties to his country, and to persuade American companies that he’ll make it easier to invest in Southeast Asia’s biggest economy.
President Joko “Jokowi” Widodo will meet President Barack Obama on Monday, then huddle with U.S. business leaders, first in Washington, then in the technology hub of Silicon Valley. Business deals valued at $19.5 billion, including joint projects between Indonesian state utilities and U.S. firms in the power sector, are due to be announced, according to Indonesian officials who spoke on condition of anonymity because they were not authorized to speak publicly about planning for the trip.
Obama, who lived in Indonesia as a child, visited the country twice during his first term as he sought to put more emphasis on America’s ties with Asia…
President Joko “Jokowi” Widodo will meet President Barack Obama on Monday, then huddle with U.S. business leaders, first in Washington, then in the technology hub of Silicon Valley. Business deals valued at $19.5 billion, including joint projects between Indonesian state utilities and U.S. firms in the power sector, are due to be announced, according to Indonesian officials who spoke on condition of anonymity because they were not authorized to speak publicly about planning for the trip.
Obama, who lived in Indonesia as a child, visited the country twice during his first term as he sought to put more emphasis on America’s ties with Asia…
