Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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How to buy Stellar / XLM in Canada Nov 18th
Since the cryptocurrency market crash in May, smaller altcoins have been steadily stealing the march on leading digital coins. Altcoins’ relatively faster rise in value, compared to crypto heavyweights like bitcoin and ether, has sparked dramatic investor interest in some lesser-known tokens over .... More »
Best Kids Bank Accounts: How to Help Your Child Start Saving Today Nov 8th
One of the best ways to set your child up for financial success early on is by opening them a youth bank account. With their account, you can begin to teach them important personal finance lessons, such as careful budgeting, smart saving, and mindful spending.
You may think that all youth savings ac.... More »
The best charities to donate to for impact in Canada for 2023 Nov 8th
“Return on investment.” It’s a phrase many Canadians are familiar with in terms of business decisions and investment portfolios. But it’s not necessarily top of mind when people choose a charity to donate to. And that’s understandable. Canadians support charities for a lot of different rea.... More »
Watch: What is the mortgage stress test? Mar 3rd
If you’ve purchased a home in the last several years, or plan to buy one soon, there’s a good chance you’ve heard about the mortgage stress test. Since 2018, the stress test has served as a set of rules banks and lenders use to determine if you qualify for the mortgage you want. It’s possibl.... More »
Banking with a credit union can save on fees—but there are limitations + MORE Aug 29th
On the surface, banking with a credit union may seem a lot like a traditional bank. But it’s not.
Credit unions are similar to commercial banks in that they offer chequing and savings accounts, mortgages, business loans, online banking and registered savings plans—all for lower or no fees .... More »
Making sense of the markets this week: November 2
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. Big, juicy Canadian dividend stocks are on sale
In Canada, we now have the largest spread (in three decades) between Canadian bond yields and the Canadian high dividend index.
This Globe and Mail post compared the yield in the S&P/TSX High Dividend Composite Index to the 10-year Canadian bond. The yield on the 10-year bond has fallen to 0.6%. Now that’s some slim pickings for fixed income.
From that post quoting Ian de Verteuil, a strategist at CIBC World Markets…
“‘We would never say that dividend cuts are done, but we do note that 70% of the dividends on the S&P/TSX Composite come from relatively “safer” sectors, specifically banks, insurers, pipelines, communications and utilities stocks.’”
iShares S&P/TSX Composite High Dividend Index ETF tracks that index, and the current 12-month trailing yield is an incredible 5.8%.
If we look at some of the high-dividend individual stocks, we see some incredibly large dividends as well…
