How to go about securing the best return for your investment in Canada.
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Premarket: Equities at all-time high after Nasdaq record + MORE Apr 24th
MSCI World extends multiyear rally; Europe lifted by earnings, Greece optimism
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Why Urbancorp collapsed in Toronto’s red-hot housing market + MORE May 13th
The developer muscled its way into the big leagues of Toronto real estate with rapid-fire deals and large financings. How did it all go so wrong?
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How much do children cost? The 'mommy tax' for women lasts at least 5 years, Royal Bank says + MORE Apr 1st
Having children comes at a "significant" cost for a woman's career, according to a recent report from the Royal Bank of Canada, which says women lose earnings for up to five years after giving birth..... More »
Former chairman of PetroChina’s parent company goes on trial in corruption case + MORE Apr 13th
BEIJING, China – A Chinese court says a corruption trial has started for the former chairman of the stated-owned parent of PetroChina Ltd., Asia’s biggest oil producer.
Jiang Jiemin was chairman of the state-run China National Petroleum Corp., the target of a sweeping graft investigation.... More »
Housing affordability declines in Toronto, Vancouver + MORE Jun 22nd
(heydrienne / Flickr)
TORONTO – A report by RBC Economics says housing affordability continued to decline in Toronto and Vancouver, while conditions for homebuyers improved in Alberta during the first quarter of the year as lower oil prices caused the real estate market to soften.
RBC says mortgag.... More »
MER TER Money Management Fees FWIW
– myownadvisor.ca
A few months ago I got an email from a reader stating something to this effect:Hello again, here is something you probably already know, the management fees recorded on most Exchange Traded Fund (ETF) sites is NOT the same as the MER, in some cases, not by some lot. I own shares with most of the providers, but do feel the industry should be OBLIGED to report the total MER and not just the management fee. To cite some examples, XEI by Blackrock has the 0.20% management fee posted on their website whereas Morningstar reports the XEI management expense fee as 0.61%. The Vanguard funds and site seems clearer to investors. For example, Vanguard Canada reports both management fee and management expense ratios for their ETFs. On some sites I find it is almost impossible to find what the products actually charge investors. Perhaps you could do a story on this? I think the MER is key, thanks!
Thanks to this reader for raising this issue with me. I agree; more transparency but also more consistency is needed when it comes to financial product reporting…
30 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.
Don't take government grants for granted
– canadianliving.com
When it comes to saving for a child’s education, there are many savings options available to you including non-registered accounts, Tax-Free Savings Accounts (TFSAs) and Registered Education Savings Plans (RESPs). Arguably, each type of investment vehicle has its own merits.
Why a CST RESP is the perfect birthday gift?
– canadianliving.com
Birthday gifts can be a great way to help ensure that a child’s long-term wishes really do come true.
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.
