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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Hedging against inflation with dividend-paying stocks Apr 2nd
Dividend-paying stocks typically don’t get much attention, but that’s changing as investors look for ways to protect their wealth in the face of market turbulence and inflation. Investing in dividend-paying stocks is one proven way to both grow your portfolio and cushion it against loss. That’.... More »
Credit Memo vs. Debit Memo: What’s the Difference? Apr 8th
If you pay close attention to your bank statements, you may notice an item labelled, “credit memo”, from time to time. But without more information, it’s hard to know what the credit memo is for; why you received extra money in your account. The same goes for “debit memos.” Businesses also.... More »
What to expect for GICs in 2024 Nov 21st
In late 2020, major banks were offering 5-year guaranteed investment certificates (GICs) with rates of less than 1%. Now, just three years later, bank GIC rates for 5-year terms are over 4%. Some credit unions and trust companies are offering rates over 6% for short-term GICs, though 4- and 5-ye.... More »
Making sense of the markets this week: March 3, 2024 + MORE Mar 2nd
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. And Stephanie Griffiths was an award-winning investor for almost 20 years before returning to her roots in journalism. She is .... More »
Making sense of the markets this week: May 22 May 21st
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
All that glitters is not Crypto
“It’s going to replace the world’s currency for day-to-day transactions.” they said.
“The fees are.... More »
Best Canadian Renewable Energy Stocks: Earn More While Going Green
– canadianfinanceblog.com
Stock investors look to new asset classes to diversify their portfolios while looking for new growth opportunities. For years, financials (banks) and energy companies like Enbridge or Canada Natural Resources have dominated the Canadian stock market. Lately, investors are paying more attention to companies committed to pleasing shareholders while improving our planet. In this article, I’ll show you some clean energy stocks you might want to consider adding to your portfolio.
What Is a Renewable Energy Stock?
Renewable energy relies on renewable natural resources, like water, wind, solar, ethanol, biodiesel, and tidal to produce energy. Renewable energy stocks are for companies that produce energy using these renewable sources, instead of fossil fuels, like coal or gas. The obvious benefit to using renewable energy is an environmental one – water, solar, and wind energy do not harm the environment and are critical to the long-term sustainability of our planet, especially as global populations continue to rise…
What Is a Renewable Energy Stock?
Renewable energy relies on renewable natural resources, like water, wind, solar, ethanol, biodiesel, and tidal to produce energy. Renewable energy stocks are for companies that produce energy using these renewable sources, instead of fossil fuels, like coal or gas. The obvious benefit to using renewable energy is an environmental one – water, solar, and wind energy do not harm the environment and are critical to the long-term sustainability of our planet, especially as global populations continue to rise…