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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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 »
Making sense of the markets this week: June 2, 2024 May 31st
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.
RBC and National Bank continue to lead the pack
Canadian banks continue to prepare for worst-case scenarios with in.... More »
Should you get that promo rate? Check out the fine print first Oct 19th
Some banks entice Canadians to open new accounts with the offer of a high but short-lived promotional interest rate. A generous interest rate might catch your eye, but there are a few things you should ask yourself before you sign up for a new chequing or savings account.
Should you switch bank a.... More »
Making sense of the markets this week: October 23 Oct 21st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bank on higher interest rates leading to increased profits
U.S. earnings season is in full swing, and the banks were some of the fi.... More »
Video: How the Bank of Canada’s interest rate affects you Apr 13th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
Businessman mostly cleared in case that toppled Utah lawmen
– canadianbusiness.com
SALT LAKE CITY – A Utah businessman who was a helicopter-flying philanthropist before he became a key figure in an influence-peddling scandal that ensnared two former state attorneys general was convicted Friday of making false statements to banks but cleared of dozens of other charges.
The Salt Lake City jury exonerated Jeremy Johnson, 40, of charges including fraud, conspiracy and money laundering. He was charged with 86 counts.
Johnson was arrested five years ago with thousands in cash and a plane ticket to Central America. He later claimed the state’s top lawman arranged to pay U.S. Sen. Harry Reid to toss the investigation into his Internet business after the attorney general and his predecessor took gifts such as luxury vacations from Johnson and others, prosecutors say.
Reid denies any part of the deal and has never been charged. Both attorneys general have pleaded not guilty to charges including bribery and accepting improper gifts.
Johnson’s trial wrapped up March 18 after six weeks of evidence and testimony…
The Salt Lake City jury exonerated Jeremy Johnson, 40, of charges including fraud, conspiracy and money laundering. He was charged with 86 counts.
Johnson was arrested five years ago with thousands in cash and a plane ticket to Central America. He later claimed the state’s top lawman arranged to pay U.S. Sen. Harry Reid to toss the investigation into his Internet business after the attorney general and his predecessor took gifts such as luxury vacations from Johnson and others, prosecutors say.
Reid denies any part of the deal and has never been charged. Both attorneys general have pleaded not guilty to charges including bribery and accepting improper gifts.
Johnson’s trial wrapped up March 18 after six weeks of evidence and testimony…
The close: TSX falls with banks as Fed talks hikes
– theglobeandmail.com
U.S. stocks break five-week winning streak
