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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The best GIC rates in Canada for 2024 + MORE Jun 28th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Samsung Galaxy Z Flip 4 Review: An Optimized Foldable For The Enterprise - Forbes + MORE Aug 29th
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COVID-19: Should you buy a home now, or wait? Jun 22nd
It almost goes without saying that COVID-19 has had a far-reaching impact on the Canadian economy and healthcare system in the first half of 2020. As expected, the spring housing market was much cooler than 2019, with the Canadian Real Estate Association (CREA) confirming that May 2020 recorded the .... More »
Canada’s best cash back credit cards 2020 + MORE May 8th
The concept behind cash back credit cards is very easy to understand. You get a small percentage back on purchases you make with the card, and the reward comes in the form of cash back, meaning money. The beauty of this system is that cash back rewards are flexible and you can spend them on anything.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Dec 23rd
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Freeport stock soars 15 per cent on copper prices, permit progress
– theglobeandmail.com
Copper miner Freeport-McMoRan's shares jumped to a 16-month high on Tuesday
First Nations say the can build more projects with changes to federal funding – TheChronicleHerald.ca
– news.google.ca
CBC.caFirst Nations say the can build more projects with changes to federal fundingTheChronicleHerald.caREGINA — First Nations leaders say they'll be able to do more projects and build more homes because of changes that give them more control over financial resources. The federal government says First Nations will now be able to carry funding from …'Communities know best': FSIN, feds to reform child care for Sask. First NationsYahoo News Canada (blog)Canada's Indigenous leaders kick off annual meeting in SaskatchewanRadio Canada Internationalall 14 news articles »
At midday: TSX rises as commodity price gains boost resource stocks
– theglobeandmail.com
Strong earnings boost S&P, Dow; Alphabet drags Nasdaq
The retirement reshuffle
– moneysense.ca
Q: I am married with a minor son. My wife and I have been successful saving and investing. Presently we have in excess of fifteen accounts. Mostly in equities and ETFs. These include RRSPs, TFSAs, RESPs, LIRAs, margin accounts, both USD and CAD.I would appreciate your thoughts on diversification and winding down as we approach retirement.
—Jeff
A: Congratulations on your pending retirement, Jeff. Going to work and accumulating savings is the easy part. Figuring out what to do with a spare 40 hours per week and how to draw down on your nest egg is the hard part.
Would combining RRSP accounts save us money? »
First off, I would be inclined to do some consolidating. I’d like to hope you could reduce your fifteen accounts down to nine at most. I could see you each needing an RRSP, a TFSA and a LIRA, but you could get away with a single RESP and Canadian and U.S. dollar margin accounts. Perhaps you have group retirement accounts or Canadian and U.S. dollar registered accounts, but if it’s just a case of having two RRSPs in your name or multiple RESPs, for example, I’d start by combining like accounts…
CRM2 disclosure rules give investors a better look at fees – but not the whole picture
