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
If it’s not an essential expense, it can — and probably should — wait Mar 30th
Living lean won’t be forever, but during these trying financial times, it’s simply prudent to protect your precious resources. Define what is essential first, then develop your budget..... More »
Top financial innovations of the last 25 years + MORE Feb 27th
To mark MoneySense’s 25th anniversary, we dove into the top innovations that have changed personal finance since this magazine was founded in 1999. From new registered accounts and investment products to online services and developments in artificial intelligence, these are some of the biggest.... More »
When to watch out for OAS clawbacks Mar 14th
Beware of the clawback!(Shutterstock)
Q: I have been trying to find out how much extra income a person can earn without having to report the income while drawing OAS and CPP.
I have tried looking this up online, but every site I have been to wants to charge me just to get the answer or does not answ.... More »
In Your Corner: So you need to start building an emergency fund. What’s the best way? Aug 30th
Emergencies are not to be confused with unexpected costs, says financial expert Jason Heath. Those should be built into your budget..... More »
Financial watchdog says too early to tell impact of cap-and-trade in Ontario + MORE Nov 23rd
TORONTO – Ontario’s government spending watchdog says there are too many uncertainties for it to determine the financial impact of the Liberal government’s cap-and-trade program to fight climate change.
The financial accountability office says it’s too early to say if the pro.... More »
Tech disruption top of mind for Canada’s bankers
– theglobeandmail.com
More than 80 per cent agreed that Canadian financial institutions are vulnerable to competition from financial technology players
China’s growth in factory output weakens in October, retail sales accelerate
– canadianbusiness.com
BEIJING, China – China’s factory output and investment weakened in October while retail sales growth edged up, suggesting economic growth has stabilized but has yet to revive despite repeated interest rate cuts and other stimulus.
The data reported Wednesday reflected the two-speed nature of the economy as communist leaders try to encourage growth based on consumer spending instead of trade, investment and heavy industry.
Economic growth decelerated to a six-year low of 6.9 per cent in the latest quarter. Communist leaders insist they are comfortable with slower growth after the last decade’s explosive double-digit expansion but face pressure to avoid a politically dangerous spike in job losses.
President Xi Jinping indicated last week the party plans to aim for at least 6.5 per cent growth in coming years. He said that was necessary to achieve its goal of doubling the economy’s size by 2020 from its 2010 level.
Beijing has cut interest rates six times since last November…
The data reported Wednesday reflected the two-speed nature of the economy as communist leaders try to encourage growth based on consumer spending instead of trade, investment and heavy industry.
Economic growth decelerated to a six-year low of 6.9 per cent in the latest quarter. Communist leaders insist they are comfortable with slower growth after the last decade’s explosive double-digit expansion but face pressure to avoid a politically dangerous spike in job losses.
President Xi Jinping indicated last week the party plans to aim for at least 6.5 per cent growth in coming years. He said that was necessary to achieve its goal of doubling the economy’s size by 2020 from its 2010 level.
Beijing has cut interest rates six times since last November…
How to keep financial anxiety from rising in your sunset years
– theglobeandmail.com
Adjusting your financial plan and watching where your money goes are the first steps toward calming stress for new retirees
