How to go about securing the best return for your investment in Canada.
Latest News
Vulnerability of indebted households to hit ‘historic’ levels as rates rise: PBO + MORE Jun 21st
The expected, gradual rise of interest rates over the next few years is poised to push the financial vulnerability of indebted Canadian households well above levels seen over the last three decades, warns a new analysis.
A report released Tuesday by the parliamentary budget officer predicted househo.... More »
Weinstein Co. expected to file for bankruptcy + MORE Feb 26th
The Weinstein Co.'s board of directors says it is expected to file for bankruptcy protection after last-ditch talks to sell its assets collapsed..... More »
B.C. New Democrat government makes pledges to homebuyers, renters, in throne speech - CHEK News + MORE Feb 21st
B.C. New Democrat government makes pledges to homebuyers, renters, in throne speech CHEK NewsHomeowners, renters promised more security in B.C. throne speech CBC.caHousing, affordability take centre-stage in B.C. election-year throne speech Global NewsB.C. government.... More »
The best GIC rates in Canada for 2026 May 25th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. - The New York Times Apr 17th
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. The New York TimesCanada to host September summit in Toronto to help draw billions in foreign investment, Carney says The Globe and MailCarney's pitch to unlock trillions in global investment CB.... More »
CIBC builds private capital and tech focus for investment banking
– theglobeandmail.com
New investment banking groups have been created with large money managers in mind
Nigerian militants claim attack on pipeline; police deny it
– canadianbusiness.com
WARRI, Nigeria – Oil militants say they have blown up a gas pipeline in Nigeria’s southeastern Akwa Ibom state, but police blamed the explosion on a technical failure.
The state-owned pipeline carries gas used to generate electricity for industries including Nigeria’s only aluminum smelting plant.
There was no way to independently verify the cause of Sunday night’s blast. The Niger Delta Avengers claimed the attack on their website overnight, before the police statement Monday.
A resurgence in attacks in Nigeria’s oil-producing south this year has slashed production from 2.2 million to 1.2 million barrels a day.
The militants want a bigger share of oil wealth for residents suffering from massive oil pollution.
Oil accounts for 70 per cent of government revenue. The attacks are contributing to an economic crisis that threatens recession.
The post Nigerian militants claim attack on pipeline; police deny it appeared first on Canadian Business – Your Source For Business News.
The state-owned pipeline carries gas used to generate electricity for industries including Nigeria’s only aluminum smelting plant.
There was no way to independently verify the cause of Sunday night’s blast. The Niger Delta Avengers claimed the attack on their website overnight, before the police statement Monday.
A resurgence in attacks in Nigeria’s oil-producing south this year has slashed production from 2.2 million to 1.2 million barrels a day.
The militants want a bigger share of oil wealth for residents suffering from massive oil pollution.
Oil accounts for 70 per cent of government revenue. The attacks are contributing to an economic crisis that threatens recession.
The post Nigerian militants claim attack on pipeline; police deny it appeared first on Canadian Business – Your Source For Business News.
AMC makes final $1.2-billion bid for Carmike Cinemas
– theglobeandmail.com
Bid includes approximately $585-million in cash and $250-million in AMC’s Class A common stock
The impact of Alberta’s economic downturn on house prices has been blunted, to a degree, because tens of thousands of Canadians who worked in the province but paid taxes in other jurisdictions and didn’t engage in the local real-estate market have left after being laid off, according to an internal Finance Department memo obtained by CBC News.
Lower your IRD mortgage penalty
– moneysense.ca
(Getty Images / Oxford)
Sam Taylor loved helping people which is why she started her career as a social worker. But after almost three decades, Sam was burnt out and needed out. After a great deal of soul-searching she decided to start her own home staging business. “Over the years more and more people have asked for my help,” she explains. “I have a flare for it.” To start and grow her own business, however, she needs capital. To get capital she needs to sell her home—and that means breaking her fixed-rate mortgage.
What Sam found out shocked her. She was on the hook for almost $18,000 in fees, as a penalty for breaking her mortgage early. Turns out, breaking up (with your mortgage) really is hard to do. And Sam was lucky. According to the Financial Post, Tyler Bollhorn, a personal finance author who decided to move from Kelowna, B.C. to Hawaii, was shocked when he learned he’d have to pay more than $150,000 to break his mortgage. “I got stuck with a pretty good penalty because I never read the fine print,” he says…
