The “Big Five” Canadian banks 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). Are there other viable options?
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Credit unions compete with big banks in race to attract younger Canadians Jul 27th
Learn more about Canada's top banks rates, rules and the latest news - read on!
Credit unions compete with big banks in race to attract younger Canadians - thestar.comContinue Reading On thestar.com »Getting a favourable bank account in Canada can be tricky - let us help! Visit our Canadian .... More »
Could Covid-19 Cause Cashless Payments to Be the New Normal? Jun 23rd
It’s hard to pay from six feet away.
Plus, the idea of touching cash is making many queasy these days, which is why the COVID-19 pandemic may be speeding up the move to a cashless society.
According to a recent survey by Payments Canada, which compared spending behaviours pre-COVID-19 and at five.... More »
12 top personal finance books to read this summer Jun 11th
For obvious reasons, a lot of personal finance and retirement books come my way and, from time to time, we’ve dedicated a particular edition of this column to a single book. This one looks at a dozen noteworthy books I’ve read lately, or plan to—most of them published in the last few years.
If.... More »
Scotia iTrade Review: A Discount Broker for Active Traders Jan 17th
Every year, advancements in mobile technology are placing the stock market at the fingertips of Canadian investors. In fact, it’s never been easier to invest on your own. One of the best ways to get started is by opening a discount brokerage account. These do-it-yourself trading accounts provide i.... More »
Is now the time for retirees to sell stocks and buy GICs? Mar 4th
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
Are GICs a good.... More »
A Review of Tangerine Investment Funds: Do They Measure Up?
– canadianfinanceblog.com
With more and more Canadians moving towards low-fee investing options, banks and investment companies have had to step up their game, to deliver products that provide the right mix between price and performance.
In this review of Tangerine mutual funds, I’ll take a look at how one of Canada’s leading online banks is filling that need for their customers. Tangerine’s series of index mutual funds have been around for a number of years now, offering a passive investing solution with very low fees. So I wanted to find out how they stack up against other, popular low fee investment vehicles, such as ETFs.
What is an Index Fund?
In case you’re wondering, an index fund is a mutual fund that is designed to track the holdings of a specific stock market index, or indexes, in hopes that it can match the returns of the whole market. The idea being, that over the long run, it’s almost impossible to beat the market, so why try.
Index funds are generally very low cost, due to their passive management, they tend to be tax efficient, and well diversified…
In this review of Tangerine mutual funds, I’ll take a look at how one of Canada’s leading online banks is filling that need for their customers. Tangerine’s series of index mutual funds have been around for a number of years now, offering a passive investing solution with very low fees. So I wanted to find out how they stack up against other, popular low fee investment vehicles, such as ETFs.
What is an Index Fund?
In case you’re wondering, an index fund is a mutual fund that is designed to track the holdings of a specific stock market index, or indexes, in hopes that it can match the returns of the whole market. The idea being, that over the long run, it’s almost impossible to beat the market, so why try.
Index funds are generally very low cost, due to their passive management, they tend to be tax efficient, and well diversified…