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
Hillary Clinton and the two-for-one presidency + MORE May 17th
Hillary Rodham Clinton is met on stage by her husband, former President Bill Clinton, during a campaign rally on Roosevelt Island in New York, June 13, 2015. (Doug Mills/The New York Times/Redux)
HOPKINSVILLE, Ky. — The notion of a 2-for-1 Clinton presidency is back.
Recalling sunnier days of grow.... More »
What are the fees for becoming a joint tenant on a parent’s property? + MORE Mar 26th
My dad owns a house and a condo. The condo is his primary residence and he rents out his home. The home has greater value. He wants to put me on as a joint tenant. What fees will have to be paid when he does that, or are fees paid upon his death?—Judson
Fees associated with joint tenancy
Tha.... More »
We are in possession of a working Xbox Series X - Ars Technica Sep 23rd
We are in possession of a working Xbox Series X Ars TechnicaHere's where you can pre-order the Xbox Series X and S in Canada MobileSyrupCostco: Pre-Order the Xbox Series S with Extra Wireless Controller Now redflagdeals.comXbox Series X sold out? These are the retail.... More »
Will GIC rates keep going up in 2024? + MORE Dec 22nd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
Walmart warns it will raise prices because of tariffs - CNN May 15th
Walmart warns it will raise prices because of tariffs CNNWalmart will report earnings before the bell. Here's what to expect CNBCWalmart warns a tariff hit on prices is coming in ominous sign for U.S. economy Financial PostWalmart says it will raise U.S. prices due t.... More »
No financial planner? No problem
– moneysense.ca
“I haven’t had a salary increase in a decade!” This is a common refrain middle-aged Canadians beginning to picture their life in retirement. Modest salary increases, often simply a cost-of-living amount, have been consumed by increasing health and pension benefit costs. They wonder if they are financially ready to retire. Even so, many remain resistant to formal financial planning despite the obvious benefits. The reality is that some people will never have a written financial plan. Some will remain uninterested, others do not have asset levels that are attractive to professional financial planners and simple math reveals that there are not enough certified financial planners to provide this service for everyone who is interested in formal planning anyway.
Those without a planner may want to consider the following:
Those without a planner may want to consider the following:
Are increasing pension costs chewing into your salary increases? If so, this could mean a positive financial direction for your future retirement. Paying more now into defined-benefit (DB) or defined-contribution (DC) plans should pay off in future years…
5.5 year – 3.00%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
Can John Chen really turn BlackBerry around?
– canadianbusiness.com
(Photo: Steve Sands/WireImage/Getty)The US$4.7-billion deal to take BlackBerry private is dead. The company’s attempts to find buyers failed. And despite a cash injection from Fairfax Financial Holdings and other unnamed parties, the company’s future is more uncertain than ever.
The company’s strategic review, launched in August, resulted in months of frenzied rumours about potential bidders, ranging from co-founders Mike Lazaridis and Doug Fregin to Facebook, and it ultimately turned up no worthwhile offers. Fairfax, led by renowned investor Prem Watsa, also nixed its proposal to take BlackBerry private at $9 per share. Instead, it will lead a $1-billion investment through convertible debentures. Fairfax is kicking in $250 million; the other investors have not been named. Watsa is returning to BlackBerry’s board as lead director, and CEO Thorsten Heins is out. John Chen, former head of enterprise-software and services company Sybase, will serve as interim CEO.
When Fairfax’s initial transaction was announced in September, the company hadn’t yet secured financing…
Alternative investment expertise boosts Manulife
– theglobeandmail.com
Insurer’s private asset management business benefits from experience with trees, farms and oil
Weekend Readings – Tesla Or Pinterest?
– IntelligentSpeculator.net
Loved this tweet… I understand why of course (low margins in making cars, long odds, etc) but it still seems a bit silly, doesn’t it?:)General Readings
-The greatest trader who ever lived @ CrossingWallStreet
-Rich families hoarding cash @ CNBC
-The 2 and 20 era is over @ FocusOnFunds
-Reduce the noise level in your investment process @ Washington Post
Dividend & Passive Income Readings
-Top 5 Things To Do When The Market Overheats @ TheDividendGuyBlog
Tech Stock Readings
-Should I buy Twitter ($TWTR)? @ TheAtlantic
-What is Twitter ($TWTR) worth? @ BusinessInsider
The post Weekend Readings – Tesla Or Pinterest? appeared first on Intelligent Speculator.
