The “Big Five” Canadian banks offer investment funds and 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). Let’s explore the best place for you to invest.
Latest News
New year, new spending habits + MORE Nov 30th
Money-wise, it’s been a challenging year for Canadians but the new year is also a chance to build better strategies around how you spend money. Steer clear of these three common pitfalls for financial success in 2023.
Money mistake #1: Not paying off debt quickly
If you’re in the red, you.... More »
Trump's 1st budget could worsen distortions as economy cools and assets soar: Don Pittis + MORE May 25th
As inflation and the economy stagnate, house prices and stocks are hitting new highs. The danger is that Donald Trump's first budget means more of the same for North America..... More »
Canadian dollar, euro hit hard by interest rate fears + MORE Mar 11th
U.S. and Canadian stock market indexes moved higher on Wednesday after Tuesday’s sharp selloff, but fears of a U.S. interest rate hike hung over the market..... More »
Education costs going up, start RESP early and maximize the government grants + MORE Sep 6th
OTTAWA – Parents looking at the bills rolling in as students head off to university and college may be wishing they had saved more.
But if you’re not at that stage yet, financial advisers say, it’s important to start early and put aside as much as possible.
Jamie Golombek, managing.... More »
The best GIC rates in Canada for 2025 + MORE Jul 14th
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 »
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Balance sheets: Canadian vs. U.S. households
– moneysense.ca
The latest Allianz Global Wealth Report has some of the most interesting comparisons of Canadian vs. American balance sheets we’ve seen in a while.Overall, the insurance and asset management firm ranked Canadians the 8th richest in the world in terms of net per capital financial assets, behind Switzerland, the U.S., Belgium, Netherlands, Japan, Sweden and Taiwan. We’d be higher on that list if it weren’t for our debt levels, Allianz suggests.
“Although financial assets made a relatively speedy recovery in the aftermath of the crisis, achieving annual growth averaging 8.1 per cent per annum over the past five years, the financial situation of Canadian households is anything but sustainable,” the report reads.
“Macroeconomic shocks like rising interest rates, a labour market slump or falling house prices could pose a serious threat to the solvency of highly-indebted households.
These graphs from the same report just how insatiable Canadians’ appetite for debt is, especially when compared to the U…
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
NEW YORK –There’s positive fiscal news coming soon from the federal government, Prime Minister Stephen Harper revealed Wednesday during a public event in the United States.
The prime minister announced before a business audience that last year’s deficit numbers will have to be revised, for the better.
He made the statement during a PowerPoint presentation at New York’s Goldman Sachs investment bank, where he touted the performance of the Canadian economy.
“It says $16.6 billion,” Harper said, of the deficit number for 2013-14, posted on the screen.
“That number will be somewhat… significantly… lower. Although we expect a very small deficit this year (in 2014-15), we will be very close (to surplus)… We’re anticipating healthy surpluses.”
That puts the government in a position to enter an election next year with fiscal room, to lower taxes or spend on campaign promises.
Opposition parties have accused the government of downplaying this year’s finances, to suddenly announce a surplus in an election year…
The prime minister announced before a business audience that last year’s deficit numbers will have to be revised, for the better.
He made the statement during a PowerPoint presentation at New York’s Goldman Sachs investment bank, where he touted the performance of the Canadian economy.
“It says $16.6 billion,” Harper said, of the deficit number for 2013-14, posted on the screen.
“That number will be somewhat… significantly… lower. Although we expect a very small deficit this year (in 2014-15), we will be very close (to surplus)… We’re anticipating healthy surpluses.”
That puts the government in a position to enter an election next year with fiscal room, to lower taxes or spend on campaign promises.
Opposition parties have accused the government of downplaying this year’s finances, to suddenly announce a surplus in an election year…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
