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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Busting 7 Myths About Your Credit Score May 15th
Your credit score can affect your ability to get a credit card, personal loan, or low-interest mortgage. Everyone knows you should pay your bills on time to keep your credit score healthy. However, some aspects of credit scores can be confusing. Here, we’re busting seven common myths about your c.... More »
Online and Mobile Banking During the COVID-19 Pandemic + MORE Apr 16th
Canadians are using social distancing to prevent the spread of COVID-19. As a result, banks have closed their doors or reduced their hours of operation. Many Canadians are turning to technology to manage their finances instead. Naturally, this has caused a spike in the use of online and mobile bank.... More »
Are ETFs a good investment for an all-weather portfolio? Dec 16th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
A Review of Tangerine Investment Funds: Do They Measure Up? Aug 19th
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 le.... More »
NHL contract grades: Another win for the Maple Leafs in adding Max Domi - The Athletic + MORE Jul 3rd
NHL contract grades: Another win for the Maple Leafs in adding Max Domi The AthleticMax Domi signs with Maple Leafs as GM Treliving banks on throwbacks Sportsnet.caNHL free agency 2023: Maple Leafs sign Max Domi to 1-year deal Yahoo Canada SportsMax Domi signed by th.... More »
Mortgage rates from Canada’s big banks were consistently more expensive than those offered by smaller lenders last year, according to the latest findings from LowestRates.ca.
Q: Do you have any advice for an 80-year old? I have $180k invested in GIC and mutual funds. I am having problems with the bank to produce a financial statement of actual costs. They will give trailing fees but say actual MER costs are unavailable.
So, I am looking to change my investments.
At my age, probably too late, but would like to try something a little different.
Suggestions would be appreciated.
– Mel
A: I’m sorry to hear you’re getting the runaround, Mel. Canadians place a lot of trust in their financial advisors, and unfortunately in some cases those advisors give inaccurate advice. Furthermore, when you’re dealing with frontline employees at the bank, there can be outright knowledge deficiencies which may be unintentional but can also be frustrating.
Ask a Planner: Leave your question for Jason Heath »
I think investing should always start with your risk tolerance. Some 80-year old’s have a higher tolerance for risk than someone half their age, so age should not necessarily be the primary determinant of risk tolerance…
So, I am looking to change my investments.
At my age, probably too late, but would like to try something a little different.
Suggestions would be appreciated.
– Mel
A: I’m sorry to hear you’re getting the runaround, Mel. Canadians place a lot of trust in their financial advisors, and unfortunately in some cases those advisors give inaccurate advice. Furthermore, when you’re dealing with frontline employees at the bank, there can be outright knowledge deficiencies which may be unintentional but can also be frustrating.
Ask a Planner: Leave your question for Jason Heath »
I think investing should always start with your risk tolerance. Some 80-year old’s have a higher tolerance for risk than someone half their age, so age should not necessarily be the primary determinant of risk tolerance…