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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BCGEU announces end of strikes at liquor and cannabis warehouses - BC News - Castanet.net Aug 30th
BCGEU announces end of strikes at liquor and cannabis warehouses - BC News Castanet.netBCGEU to 'stand down' job action to reflect significant process in negotiations CHEK NewsOut of stock: BC cannabis stores are drying up as hundreds lose their jobs | News Daily Hiv.... More »
A TFSA to protect against an apocalypse + MORE Nov 20th
Trevor Bonnici
AGE: 47
PLACE: Toronto
TFSA TOTAL: $47,895
STRATEGY: a portfolio that protects against hyperinflation and maintains his purchasing power
TFSA Holdings
Gold
25%
Mawer Global Bond Fund
35%
1 to 5-year TIPS VTIP ETF
10%
Polar Long/Short Fund (POL202)
(small- to mid-cap C.... More »
Canada's ultra-wealthy getting richer faster than the rest of us, report shows Sep 9th
Canada ranks fifth in the world when it comes to its population of people that have a net worth of at least $30 million US — beating out the likes of Switzerland and Hong Kong — according to a new wealth study..... More »
How to make your own financial plan in 8 easy steps Jun 18th
The process will help you think about money in ways you never have before..... More »
Wealthsimple review 2020 Sep 17th
Maybe you’re here for our Wealthsimple review because its slick ads featuring frank talk on finances from Hollywood actors, such as Mark Duplass and Aubrey Plaza, made you curious. Or maybe its highly relatable celebrity social media posts, like Queer Eye’s Jonathan Van Ness declaring his First .... More »
An inside look at Fort McKay First Nation’s historic investment
– canadianbusiness.com
Suncor and Fort McKay First Nation come together to create a mutually beneficial investment deal.When businesses and communities work together, everyone benefits. The East Tank Farm agreement between Suncor, Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) communities in Alberta is a perfect example.
In the fall of 2016, Suncor, FMFN and MCFN announced that they were entering into an equity partnership, to be named “Thebacha” – The Dene word for “river”, in Suncor’s East Tank Farm (ETF) development. ETF will consist of bitumen storage, blending, and cooling facilities and is the only point of connection between the Fort Hills Mine and downstream customers.
The deal is expected to represent the largest business investment to date by a First Nation entity in Canada and not only demonstrates the great potential for partnerships between First Nations and industry but serves as a model for how First Nations can achieve greater self-determination through financial independence…
ETF adoption in Canada accelerates at a stunning pace
– theglobeandmail.com
If trends continue at their current pace, within the next two years structured products such as exchange-traded funds could outnumber operating companies on the TSX
Shares of Hudson’s Bay Co. slipped on the TSX on Friday, a day after the retailer reported a drop in its sales.
The value of independent financial advice
– moneysense.ca
Certified financial planner and president of De Thomas Wealth Management Tony DeThomasis explains the difference between a financial planner and a money manager—and why understanding the difference is key to financial health.
Early in April, MoneySense did a Q&A with Tony DeThomasis, president of De Thomas Wealth Management. De Thomasis, the author of Finding a financial advisor that’s right for you believes it’s important for Canadians to have a holistic approach to their finances. Sure, investment returns are important but so are other concerns like estate planning, insurance reviews and understanding your personal tax situation. MoneySense writer Julie Cazzin asked De Thomasis several questions and here’s what he had to say:
MoneySense: What has changed since your start in the financial planning industry 40 years ago?
Right now, being a money manager is very, very competitive. That wasn’t the case 40 years ago. In the 1970s if you wanted to have your money managed you had just two options: hiring a stockbroker, or investing on your own in a handful of mutual funds…
