Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
BMO financing deal with Canopy Growth marks policy shift for Canadian banks Jan 19th
Canopy Growth, Canada's largest licensed pot producer, announced the $175-million deal with BMO and GMP Securities on Wednesday..... More »
Canada’s big banks expected to report modest gains in earnings + MORE Nov 28th
The country’s stumbling energy sector, weak dollar and housing regulations all contributed to less-than-stellar outlook
.... More »
The payoff Jul 10th
Randy Foster
AGE: 60
PLACE: Chatham, Ont.
TFSA TOTAL: $81,555
STRATEGY: Mostly banks and financials with some energy stocks
Me and my TFSA
Randy Foster is 60 and happily retired in Chatham, Ont. In fact, he retired at the young age of 49 on full pension after 30 years of working as a group l.... More »
The best GIC rates in Canada for 2025 + MORE Dec 2nd
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 navigate m.... More »
The Best Gas Rewards Credit Cards of 2019 Dec 11th
Let’s say your biggest monthly expense is gas; it’s a reality for a lot of people who maybe travel a lot for work or have a long daily commute. Or maybe you and the family go on a lot of road trips, or you just like long drives down country roads to “get away from it all.” No matter the cas.... More »
Find out if you should go robo
– moneysense.ca
(Illustration by Raymond Biesinger)There’s a new way of managing your money that’s beginning to shake up the investment world. Online portfolio managers—better known as “robo-advisors”—are designed for today’s digital world and provide you with a professionally managed portfolio at low cost even if you have only a small amount to invest.
The impact of this wave of robo upstarts on wealth management has been immediate. The big banks and other major players are taking notice, even if only for the automation and ease of paperless account administration and portfolio rebalancing. The bigger and longer-term questions are how much market share the robos will ultimately be able to win and how the disruption could force the traditional advisor community to raise its game.
While at this point robo-advisors in Canada have yet to accumulate a lot in assets, at least 11 firms have launched in the past two years, including Wealthsimple, Nest Wealth and the Bank of Montreal’s SmartFolio…
Discounters aim to ease big bank pain points: Mayers
– thestar.com
Canada’s big banks are profit machines, but as they look ahead, they see disruptive technologies all around them.
