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
Lots of hype but muted impact as Alcoa kicks off earnings season + MORE Oct 5th
Alcoa is likely to garner lots of attention on Wednesday when it reports its third-quarter results
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Glory Gray shares her big money lesson and how, at 8, she made more money than her mom Apr 6th
Glory Gray describes herself as the Personal Trainer for Financial Fitness. Essentially that means she’s all about goals with personal finance, and she specializes in guiding Canadian women with financial decisions and wealth management. She is also the host of Women’s Wealth Canada podcast. Thi.... More »
Talking points: Better cattle farming and a real estate warning + MORE Oct 19th
Sean Kilpatrick/The Canadian Press
Mosul’s moment
The long-awaited battle to wrench Mosul, in northern Iraq, from the grips of Islamic State is finally under way. With U.S.-led coalition fighter jets streaking overhead, Iraqi government troops and Kurdish fighters this week rolled toward the city .... More »
Scotland’s No vote doesn’t guarantee investment + MORE Sep 22nd
Scotland’s referendum results trigger market relief rally, but new taxation and spending powers mean corporations could be wary
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The best credit cards in Canada for 2023 Oct 25th
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The best credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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The savings struggle: TFSA vs RRSP
– moneysense.ca
It’s that time of year when Canadians turn their thoughts to tax-advantaged savings. The RRSP deadline looms, and the new year brought an additional $5,500 of contribution room for Tax-Free Savings Accounts. You’d probably love to maximize contributions to both RRSPs and TFSAs, but most people can’t afford to do that—especially if they’re carrying a mortgage and trying to sock a little away for their children’s education. So what’s the best way to save for retirement if you have limited funds?With so many options fighting for your retirement dollar, the choice is not easy. Fortunately, we can help. In what follows, we’ll show you how to find the best strategy for your situation. As it turns out, the RRSP is ideal if you’re in a high tax bracket now and expect to end up with a solid middle-class retirement. But TFSAs are more flexible and work better if you retire with either a very high or very low income. Let’s delve into the details.
(Illustration by Sabrina Smelko)
The main event
In the tug-of-war between RRSPs and TFSAs, the former is the reigning champion, since it’s where Canadians have most of their personal nest eggs…
Sleepy Mini Portfolio Q4-2013 Update
– canadiancapitalist.com
The Sleepy Mini Portfolio was launched in September 2007 to demonstrate how a super simple, regular investment program can slowly but surely build wealth over a period of time. All you need to implement such an investment program are (1) some initial effort in mapping out an asset allocation strategy (2) a calculator to divvy up your regular contributions and (3) discipline to stick to the strategy through all kinds of market conditions. I have personally implemented this portfolio for our kids’ RESPs (as have others) and if you want a more sophisticated portfolio you may to check out the Sleepy ETF Portfolio.The portfolio kicked off with an initial infusion of $1,000 with a target allocation of 20% bonds, 20% Canadian stocks, 30% US stocks and 30% International stocks. Another $1,000 was added to the portfolio every quarter since then for a total investment of $25,000 so far. Here’s how the portfolio looks as of January 28, 2014:
TDB909 – Canadian Bonds – $6,548 (18.8%)
TDB900 – Canadian Equities – $6,790 (19…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Barclays to shut hundreds of branches: report
– theglobeandmail.com
Plans to shut 400 U.K. branches, or a quarter of its network, as part of the bank’s plan to cut costs, the Financial Times said on Wednesday
