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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Micro-credentials in Canada: Is it worth it to upskill? Aug 27th
If you make a habit of checking LinkedIn, you’ve surely seen it: the announcement from a former colleague that they’re proud to have earned credential X from institution Y. Maybe you give them a thumbs-up or clapping hands; maybe you scroll on by. But have you ever thought about the value of the.... More »
The best travel credit cards in Canada for 2024 Aug 30th
Credit card comparison tool
Compare your travel card options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.
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TFSA contribution room calculator Jul 2nd
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like&nb.... More »
This 29-year-old U.S. citizen living in Toronto makes $60,000 a year as a tech analyst. How should he invest his money? Nov 23rd
‘What investment products should I avoid to minimize tax headaches and risks? More generally, how should I invest as a U.S. citizen in Canada?’ Joe asks..... More »
What is a market-linked GIC? Nov 27th
If you’ve been checking out GICs lately, it’s likely because of the record gains from recent interest rate hikes. Interest rates for guaranteed investment certificates have steadily increased as the Bank of Canada (BoC) has raised its benchmark rate over the past year and a half. At some financi.... More »
Equifax Inc. said after the close of stock markets on Thursday that it was the victim of a cybersecurity breach that may affect approximately 143 million U.S. consumers.
Travel industry waiting to see if storms force change in winter destinations
– canadianbusiness.com
MONTREAL _ Airlines scurrying to evacuate customers from Caribbean islands in the destructive path of hurricane Irma say it’s not yet clear if the storm will have lasting impact on next winter’s sun vacation options.
“We aren’t yet in a position to discuss this,” said WestJet spokeswoman Lauren Stewart. “It sounds like the islands that have been affected are still assessing damage. In addition to that, the hurricane’s path continues.”
The Calgary-based airline has joined Air Canada and Air Transat in sending airplanes south to bring customers home.
The deadly hurricane that carried 298 kph winds caused massive damage as it barrelled through Barbuda, Antigua, St. Maarten and Puerto Rico.
It was causing flooding as it tracked north of Dominican Republic and Haiti on the way to Cuba and Florida.
“We have very little information today on the impact that the hurricanes may have on the rest of the season on our sun routes next winter,” Denis Petrin, chief financial officer of Transat A…
“We aren’t yet in a position to discuss this,” said WestJet spokeswoman Lauren Stewart. “It sounds like the islands that have been affected are still assessing damage. In addition to that, the hurricane’s path continues.”
The Calgary-based airline has joined Air Canada and Air Transat in sending airplanes south to bring customers home.
The deadly hurricane that carried 298 kph winds caused massive damage as it barrelled through Barbuda, Antigua, St. Maarten and Puerto Rico.
It was causing flooding as it tracked north of Dominican Republic and Haiti on the way to Cuba and Florida.
“We have very little information today on the impact that the hurricanes may have on the rest of the season on our sun routes next winter,” Denis Petrin, chief financial officer of Transat A…
Finance Minister Bill Morneau makes an announcement on housing in Toronto Monday, October 3, 2016. The federal government has announced measures intended to stabilize the real estate sector amid concerns that pockets of risk have emerged in some housing markets, particularly those in Toronto and Vancouver. (Nathan Denette/CP)The Liberal government’s proposed changes to incorporated small business loopholes has triggered a national throwdown that has pitted small business owners, including engaged doctors and farmers, against Finance Minister Bill Morneau and a prominent set of scholarly economists. The debate is hovering over the media landscape like a thick layer of smoke, and Canadian citizens are debating the issue in their living rooms, on the bus, and in coffee shops. What we have here, friends, is a good, ol’ fashioned public debate. So, how’s that going? Not so great.
A well-functioning democracy relies on a public realm in which citizens mingle about, discussing, debating, forming preferences, and communicating those preferences to policy-makers whose job it is to ensure that the people get what they want, more or less…
Montreal posts record August home sales as average prices rise 4.1 per cent
– canadianbusiness.com
Montreal’s hot real estate market continued to sizzle last month with record August sales and rising prices.
The Greater Montreal Real Estate Board says booming condo sales drove an eight per cent increase in residential sales across the Montreal region.
There were 2,899 sales, with condo transactions surging 19 per cent. Single-family homes that account for more than half of sales rose four per cent.
The Island of Montreal led the way with a 12 per cent rise in sales.
Paul Cardinal of the Quebec Federation of Real Estate Boards attributed the continued gains to strong job creation, consumer confidence and foreign migration.
He also said buyers were fast-tracking purchases to beat an expected interest rate hike, which was announced Wednesday.
Sales have increased each of the last 30 months, except July 2016 when there were unchanged. The last monthly drop in sales took place in February 2015.
That’s far different than in Toronto, where sales of detached, semi-detached, condos and townhouses fell between 25…
The Greater Montreal Real Estate Board says booming condo sales drove an eight per cent increase in residential sales across the Montreal region.
There were 2,899 sales, with condo transactions surging 19 per cent. Single-family homes that account for more than half of sales rose four per cent.
The Island of Montreal led the way with a 12 per cent rise in sales.
Paul Cardinal of the Quebec Federation of Real Estate Boards attributed the continued gains to strong job creation, consumer confidence and foreign migration.
He also said buyers were fast-tracking purchases to beat an expected interest rate hike, which was announced Wednesday.
Sales have increased each of the last 30 months, except July 2016 when there were unchanged. The last monthly drop in sales took place in February 2015.
That’s far different than in Toronto, where sales of detached, semi-detached, condos and townhouses fell between 25…
Central 1 predicts strong growth for B.C.’s economy through to 2020
– canadianbusiness.com
VANCOUVER _ The Central 1 Credit Union is forecasting economic growth will remain healthy in British Columbia through 2020.
The financial institution says the B.C. economy has “fired on nearly all cylinders” this year, with growth for 2017 forecast at 3.5 per cent.
Deputy chief economist Bryan Yu says robust consumer demand is fuelling the growth thanks to surging employment, strong exports and government support.
Central 1 predicts provincial growth in its economic outlook for 2018 will slip to 2.5 per cent, then rebound to three per cent in 2019, before it falls back to 2.6 per cent in 2020.
Yu warns B.C.’s key forestry sector continues to face potential headwinds due to the softwood lumber trade dispute and this summer’s record wildfire season.
He says housing activity will remain high but won’t be a significant driver of growth over the next few years while tourism, the film industry, technology and business investments will remain steady because of “favourable currency…
The financial institution says the B.C. economy has “fired on nearly all cylinders” this year, with growth for 2017 forecast at 3.5 per cent.
Deputy chief economist Bryan Yu says robust consumer demand is fuelling the growth thanks to surging employment, strong exports and government support.
Central 1 predicts provincial growth in its economic outlook for 2018 will slip to 2.5 per cent, then rebound to three per cent in 2019, before it falls back to 2.6 per cent in 2020.
Yu warns B.C.’s key forestry sector continues to face potential headwinds due to the softwood lumber trade dispute and this summer’s record wildfire season.
He says housing activity will remain high but won’t be a significant driver of growth over the next few years while tourism, the film industry, technology and business investments will remain steady because of “favourable currency…
