Making sense of the markets this week: October 2 Oct 1st

Learn more about Canada’s top banks rates, rules and the latest news – read on!

Latest News

Bank fees for non-sufficient funds will be capped at $10—but not until next March Mar 21st

Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges. The updates, included in an order-in-council last week (March 12), cap non-sufficient funds fees at $10 for personal deposit.... More »

Watchdog unveils guidelines to support mortgage-holders under financial stress - BNN Bloomberg + MORE Jul 5th

Watchdog unveils guidelines to support mortgage-holders under financial stress BNN BloombergStruggling mortgage holders could see lenders waive fees under new guidelines Global NewsCanada Adds Guidelines for Banks to Prevent Mortgage Defaults Financial PostWatchdog u.... More »

When is open banking coming to Canada? Ottawa says “at the earliest opportunity” Jun 19th

The federal government says it will introduce legislation to implement open banking at its “earliest opportunity” as some advocates warn the project’s momentum may have stalled. Open banking or consumer-driven banking, as Ottawa calls it, is about allowing Canadians and businesses to secure.... 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 »

Canada’s best Mastercard credit cards for 2023 Jan 3rd

Mastercard is one of the most widely accepted credit cards in the world, and its association with the Bank of Montreal and status as the only card you can use at Costco make it a strong choice for everyday spending. Whatever you need in a credit card—whether it’s opportunities to earn cash or re.... More »

Making sense of the markets this week: October 2

– moneysense.ca

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.

Bears are beating the bulls this year, but don’t bulls always win?

As share prices continue to fall faster than earnings in almost every country, at some point investors have to say: “OK, things are bad, and in the short term, they might get worse—but these assets and future earnings streams are still worth a lot of money, right?

“Just how much are the assets and future earnings streams worth?” is the real question, when it comes to determining the appropriate current value for a company.

The two charts below were released by Yardeni Research and they illustrate just how low valuations have sunk, relative to future earnings.

Source: yardeni.com

I mean, you know it’s rough times when investors are pricing the average P/E (price-to-earnings ratio) of the Big Six Canadian banks at close to 9x…

Continue Reading On moneysense.ca »

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