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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Read this before applying for the First-Time Home Buyer Incentive + MORE Dec 17th
In a red-hot real estate market, a little help with the down payment on a home can go a long way—especially when you’re a first-time buyer without the advantage of equity in an existing property. So when the Canadian federal government decided, in 2019, to begin offering first-time home buyers d.... More »
General Motors' shareholder reject stock-split proposal + MORE Jun 6th
General Motors shareholders have overwhelmingly turned down an activist shareholder's plan to split the company's stock into two classes..... More »
Fears winds could spread BC wildfires as some evacuees return home - News1130 Jul 23rd
News1130Fears winds could spread BC wildfires as some evacuees return homeNews1130Smoke is seen rising in front of the sun as a wild fire burns near Little Fort, B.C., on July 11, 2017. THE CANADIAN PRESS/Jonathan Hayward. Summary. Environment Canada says wind gusts of about 50 kilometres per hour c.... More »
Bill Morneau didn’t place assets in blind trust, raising conflict-of-interest risk + MORE Oct 16th
Finance Minister’s office, ethics czar won’t reveal whether Morneau has sold shares in family firm
.... More »
Toronto house prices soar in September + MORE Oct 5th
TORONTO – Housing sales in the Toronto area continued to soar last month, with the average price rising 20.4 per cent from September last year to $755,755, the Toronto Real Estate Board reported Wednesday.
The price increases came as the number of transactions in the Greater Toronto Area rose 21.5.... More »
Carlos Osorio/APTORONTO – The union representing workers at the Canadian operations of the major American automakers has received a strike mandate from its members as it prepares to negotiate contracts.
Unifor says its members at General Motors, Ford Motor Company and Fiat Chrysler Automobile voted overwhelmingly in favour of strike action to back contract demands.
Unifor President Jerry Dias says the clear mandate shows full support for the union’s bargaining committees.
He says the union won’t accept deals with any of the three automakers unless they show a commitment to invest in Canada’s auto sector.
The union is threatening job action if it doesn’t get an agreement before midnight on Sept. 19.
Dias says the three companies have done well financially since the last contracts were negotiated four years ago and it’s time to reward workers.
“Our demand for new investment is not just about us. It is about maintaining and creating good paying jobs, it’s about our communities and it’s about the next generation,” Dias says in a statement released Sunday…
SEC paid $3.75-million to BHP Billiton whistleblower: report
– theglobeandmail.com
The U.S. Securities and Exchange Commission paid a BHP Billiton insider $3.75-million for detailed information in an investigation into alleged bribery of Asian and African officials, the Australian Financial Review reported on Monday.
Canadian workers at Detroit Three automakers give union strike mandate
– canadianbusiness.com
TORONTO – The union representing workers at the Canadian operations of the major American automakers has received a strike mandate from its members as it prepares to negotiate contracts.
Unifor says its members at General Motors, Ford Motor Company and Fiat Chrysler Automobile voted overwhelmingly in favour of strike action to back contract demands.
Unifor President Jerry Dias says the clear mandate shows full support for the union’s bargaining committees.
He says the union won’t accept deals with any of the three automakers unless they show a commitment to invest in Canada’s auto sector.
The union is threatening job action if it doesn’t get an agreement before midnight on Sept. 19.
Dias says the three companies have done well financially since the last contracts were negotiated four years ago and it’s time to reward workers.
“Our demand for new investment is not just about us. It is about maintaining and creating good paying jobs, it’s about our communities and it’s about the next generation,” Dias says in a statement released Sunday…
Unifor says its members at General Motors, Ford Motor Company and Fiat Chrysler Automobile voted overwhelmingly in favour of strike action to back contract demands.
Unifor President Jerry Dias says the clear mandate shows full support for the union’s bargaining committees.
He says the union won’t accept deals with any of the three automakers unless they show a commitment to invest in Canada’s auto sector.
The union is threatening job action if it doesn’t get an agreement before midnight on Sept. 19.
Dias says the three companies have done well financially since the last contracts were negotiated four years ago and it’s time to reward workers.
“Our demand for new investment is not just about us. It is about maintaining and creating good paying jobs, it’s about our communities and it’s about the next generation,” Dias says in a statement released Sunday…
Asian stocks lower, except for Tokyo, on Yellen speech
– canadianbusiness.com
TOKYO – Most Asian stocks slipped Monday on remarks from the U.S. Federal Reserve late last week that the case has strengthened for raising interest rates, but the Tokyo market was an exception and gained on prospects for a strong dollar.
KEEPING SCORE: Japan’s benchmark Nikkei 225 added 2.2 per cent to 16,719.31 in early trading. Japanese stocks generally gain on a weak yen because the earnings of the nation’s giant exporters are boosted. South Korea’s Kospi fell 0.3 per cent to 2,031.36 in morning trading. Hong Kong’s Hang Seng slipped 0.5 per cent to 22,788.02, while the Shanghai Composite lost nearly 0.3 per cent to 3,062.52.
FED FACTOR: U.S. Fed Chair Janet Yellen made comments on Friday that were bullish on the economy but gave no timetable for future rate increases. But that set off speculation among investors about an interest rate hike later this year, and that in turn set off worries about global growth.
WALL STREET: U.S. shares fell Friday. Seven of the 10 sectors of the Standard and Poor’s 500 index had fallen, led by a 2…
KEEPING SCORE: Japan’s benchmark Nikkei 225 added 2.2 per cent to 16,719.31 in early trading. Japanese stocks generally gain on a weak yen because the earnings of the nation’s giant exporters are boosted. South Korea’s Kospi fell 0.3 per cent to 2,031.36 in morning trading. Hong Kong’s Hang Seng slipped 0.5 per cent to 22,788.02, while the Shanghai Composite lost nearly 0.3 per cent to 3,062.52.
FED FACTOR: U.S. Fed Chair Janet Yellen made comments on Friday that were bullish on the economy but gave no timetable for future rate increases. But that set off speculation among investors about an interest rate hike later this year, and that in turn set off worries about global growth.
WALL STREET: U.S. shares fell Friday. Seven of the 10 sectors of the Standard and Poor’s 500 index had fallen, led by a 2…
Have you considered unbundling your Canadian ETF for income?
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Index investing using Exchange Traded Funds (ETFs) has become very popular in recent years, and rightly so. There are huge advantages to index investing:
Index investing using Exchange Traded Funds (ETFs) has become very popular in recent years, and rightly so. There are huge advantages to index investing:
Low money management fees
Market-like returns
Long-term growth potential
Diversification
Simplicity
These are great things when it comes to investing.
I believe a case can be made however to unbundle your Canadian ETF over time for income. One of the main reasons to do this: our Canadian economy operates as an oligopoly – a few players that have huge market shares within a few industries. There are only so many blue-chip stocks that fuel our Canadian economy (although a number of smaller-cap stocks will always support some growth). The other reason is: by owning Canadian blue-chip companies directly you can receive a healthy dose of dividends for passive income. Capital gains are also a nice long-term bonus.
“The crux of your success will be selecting leading companies’ stocks and then holding on to them for many years…
