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Latest News
The wealth gap in Canada is wider than ever + MORE Jul 24th
The wealth gap in Canada has reached a record high of 49% in 2025, according to newly released data from Statistics Canada. That’s the highest it’s been since the agency began collecting this data in 1999. Now, Canadian households in the top 20% of the income distribution own more than two-third.... More »
More Canadians are rethinking their bank. Should you? Jul 22nd
Clinton Begin was growing tired of frequent visits to bank branches and calling into the trading desk to check on various transactions. “There (were) a lot of things that just took too much of my time. I was always phoning, always going to visit them. It was always a big deal,” he recalled.
.... More »
Should you hold gold in a RRIF? Aug 7th
Ask MoneySense
I have a RRIF (registered retirement income fund) and I am looking to shift it to gold. I am 65 years old. Is this safe and does this make sense?
—Audrey
Investing in gold for retirement in Canada
Gold prices have surged recently, rising 26% over the past year. Silver has .... More »
Huawei's Meng Wanzhou appears in Vancouver court for bail adjustment hearing Jan 29th
A day after the U.S. Department of Justice announced a formal request for her extradition, the chief financial officer of telecommunications giant Huawei appeared in B.C. Supreme Court for a bail adjustment hearing..... More »
Broker, agent who worked with subsidiary of Home Capital disciplined + MORE May 26th
An Ontario regulator says it has imposed disciplinary actions against a mortgage broker and agent who worked with Home Trust Co., a subsidiary of Home Capital Group, over their handling of mortgages..... More »
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
Norbert’s Gambit: The complete guide
– moneysense.ca
Creative Commons / John WardNorbert’s Gambit remains the least expensive way to convert Canadian and U.S. dollars at a discount brokerage. For investors looking to buy U.S.-listed ETFs, learning this technique can save hundreds of dollars by sidestepping the wide currency spreads charged by brokerages.
With the 2013 launch of excellent unhedged foreign equity ETFs from Vanguard and iShares, there’s less incentive to use U.S.-listed ETFs than there used to be. In fact, in a non-registered account or a TFSA it may not even be worth the added cost and inconvenience if the only difference is a few basis points of MER. But in an RRSP, there’s a significant benefit: using U.S.-listed ETFs can dramatically reduce the impact of foreign withholding taxes, which can add an additional cost of 0.30% to 0.70% to U.S. and international equity holdings.
The problem with learning to pulling off Norbert’s Gambit, however, is that there’s no simple set of instructions that works at every brokerage…
Ottawa unveils prepaid credit card rules
– thestar.com
Government also launches public consultation on financial code of conduct to protect consumers from other abuses.120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-10-17. Click on the link above to get more details or apply online.
