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.
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Best Financial Advice for New Homeowners Sep 25th
After college expenses, choosing to purchase a home of any kind is the second largest expense you are likely to take on. The whole process, while intricate, doesn’t have to be complicated. However, it pays to be prepared. By taking the time to plan now and sticking to that plan, you could save.... More »
Know your TFSA contribution limit + MORE Nov 30th
For Canadian investors and savers, it’s always some of the best news to come each year: new TFSA room that becomes available each January 1. For 2025, the TFSA contribution limit is $7,000 (the same amount in 2024).
The actual TFSA yearly limit was set at $5,000 back in 2009 when the investmen.... More »
What is the recipe for a successful nation? + MORE Nov 4th
(Shutterstock)
This piece first appeared at The Conversation.
When you think of the ideal version of your nation, it likely reflects your own values. We vote in accordance with our values and live our own lives according to them as well.
No wonder.
Critical to the success of both people and their na.... More »
Shares soar as Trump hints at possible US-China trade deal - The Guardian Nov 2nd
The GuardianShares soar as Trump hints at possible US-China trade dealThe GuardianThe president's positive remarks about a call with Xi Jinping, and a report that he has asked officials to draw up terms, lift battered markets. Martin Farrer. Fri 2 Nov 2018 02.15 EDT Last modified on Fri 2 Nov 2.... More »
How to save and invest smarter: What Canadians need to know Dec 31st
The current economy is impacting how Canadians save and invest. According to a recent survey by TD, 65% of Canadians reported that the high cost of living is impacting their ability to meet their financial goals.
Many Canadians are turning to their savings accounts to manage growing financial pre.... More »
Net foreign debt down $98.1 billion in fourth quarter: StatsCan
– canadianbusiness.com
OTTAWA – Statistics Canada says the country’s net foreign debt was reduced by $98.1 billion in the fourth quarter.
The agency says this put Canada into a net asset position of $26.7 billion.
It says the decline in net debt was attributable to relatively stronger foreign equity markets and a weaker Canadian dollar, which raised the value of Canada’s international assets more than it increased the value of international liabilities.
During 2013, Canada’s overall net international investment position increased by $328.8 billion, despite an ongoing current account deficit.
Canada’s net foreign indebtedness with the United States decreased by $176.4 billion to $280 billion at the end of 2013.
At the same time, Canada’s net asset position with the aggregate “other countries” increased by $152.4 billion to $306.7 billion.
The post Net foreign debt down $98.1 billion in fourth quarter: StatsCan appeared first on Canadian Business.
The agency says this put Canada into a net asset position of $26.7 billion.
It says the decline in net debt was attributable to relatively stronger foreign equity markets and a weaker Canadian dollar, which raised the value of Canada’s international assets more than it increased the value of international liabilities.
During 2013, Canada’s overall net international investment position increased by $328.8 billion, despite an ongoing current account deficit.
Canada’s net foreign indebtedness with the United States decreased by $176.4 billion to $280 billion at the end of 2013.
At the same time, Canada’s net asset position with the aggregate “other countries” increased by $152.4 billion to $306.7 billion.
The post Net foreign debt down $98.1 billion in fourth quarter: StatsCan appeared first on Canadian Business.
Irving mill to get upgrade after New Brunswick lifts softwood cap
– canadianbusiness.com
SAINT JOHN, N.B. – Irving Pulp and Paper says it will spend about $450 million to modernize a pulp mill in Saint John, N.B.
The announcement comes the day after the provincial government announced it was raising caps by 20 per cent a year on softwood that will be made available for harvest on Crown lands in its new 10-year forestry strategy.
The company says work on its mill on the west side of Saint John is slated to begin this spring and will create the full-time equivalent of 600 jobs.
CEO Jim Irving thanked the province for ensuring there would be a supply of wood to allow the modernization of the facility to go ahead.
Work on the mill will be done in two phases, with the first phase lasting 24 months and the second taking 30 months.
The company says its spending on the project is the largest investment in a pulp mill in Canada since 1993.
The post Irving mill to get upgrade after New Brunswick lifts softwood cap appeared first on Canadian Business.
The announcement comes the day after the provincial government announced it was raising caps by 20 per cent a year on softwood that will be made available for harvest on Crown lands in its new 10-year forestry strategy.
The company says work on its mill on the west side of Saint John is slated to begin this spring and will create the full-time equivalent of 600 jobs.
CEO Jim Irving thanked the province for ensuring there would be a supply of wood to allow the modernization of the facility to go ahead.
Work on the mill will be done in two phases, with the first phase lasting 24 months and the second taking 30 months.
The company says its spending on the project is the largest investment in a pulp mill in Canada since 1993.
The post Irving mill to get upgrade after New Brunswick lifts softwood cap appeared first on Canadian Business.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. 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 2013-11-28. Click on the link above to get more details or apply online.
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
