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
Second Cup CFO to leave, follows exit of CEO + MORE May 12th
Second Cup Ltd. says its chief financial officer has decided to leave the company at the end of June, the second high-ranking executive departure announced by the coffee company this week..... More »
Delta Air Lines places firm order for 75 CSeries aircraft + MORE Apr 28th
MONTREAL — Bombardier says Delta Air Lines Inc. has placed a firm order for 75 CS100 aircraft with options for an additional 50 CS100 aircraft in what would be the largest order for the CSeries jets.
The company says, based on the list price, the firm order is valued at approximately US$5.6 billi.... More »
Market waits for news of next iPhone as Apple reports earnings + MORE May 2nd
Apple Inc. will report its second-quarter earnings today, but much of the attention may be focused on what the tech behemoth has to say about the launch of its next iPhone product..... More »
Canada’s not alone in grappling with real estate boom, figures show + MORE Aug 20th
Countries around the world are scrambling to slow their housing markets, introducing regulations that require borrowers to have minimum down payments or rules that limit the amount of debt home buyers can take on relative to their incomes
.... More »
Uber drivers in NYC protest company's fare cut - Ottawa Citizen + MORE Feb 1st
New York TimesUber drivers in NYC protest company's fare cutOttawa CitizenNEW YORK, N.Y. - Uber drivers in New York City called Monday for a strike to protest the company's decision to cut fares by 15 per cent, as several hundred rallied at the ride-sharing app's New York headquarters.... More »
How to save $400,000 by age 50
– moneysense.ca
Mark Wade of Belleville, Ont. wants to have $400,000 by age 50 so he can retire early, like his parents did (Photograph by Ash Murrell)The current situation
Mark Wade, 32, wants to retire at age 50 with $400,000 in savings. As an operations supervisor for a cleaning company in Belleville, Ont., he earns a modest $28,000 a year. But Mark’s a diligent saver and annually deposits $5,100 into his TFSA, $4,000 into his RRSP and $3,000 into a non-registered account. “I don’t like to work so I’m saving more than 30% of my income now to retire frugally at 50 like my parents did,” he says.
Of some concern, though, is the fact that almost all of his investments are in mutual funds with management expense ratios (MERs) of 2.7%. That’s high, Mark realizes, but his portfolio, which is mainly comprised of Canadian equities, has returned 11% annually over the past 16 years—so he’s not too concerned. Mark’s also done some shrewd real estate investing and recently sold an income property he bought four years ago…
Volkswagen to invest $1-billion to expand plant in Mexico’s Puebla
– theglobeandmail.com
Investment is focused on new high-technology assembly lines and will generate 2,000 jobs
Wounded vets with no military pension to get retirement support, Veterans Affairs … – National Post
– news.google.ca
National PostWounded vets with no military pension to get retirement support, Veterans Affairs …National PostOTTAWA — The Harper government is proposing a new retirement benefit to help stave off old-age financial hardship for some of Canada's most severely disabled soldiers, addressing a long-standing concern of veterans' advocates. The benefit would …Disabled vets to get new financial supportWiarton Echoall 43 news articles »
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
