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The best GIC rates in Canada for 2024
– moneysense.ca
Investing
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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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
By Keph Senett and Justin Dallaire on June 6, 2024Estimated reading time: 22 minutes
Here you’ll find the answers to common GIC questions, along with information on the best GIC rates available right now. If GICs are new to you, and you want to learn everything there is to know, start by reading our guide below…
Lululemon’s first quarter earnings report: Profit turnaround
– moneysense.ca
Lululemon Athletica Inc.’s chief executive says the company’s year got off to “a slower start” as it navigated “ongoing choppiness” in the consumer environment, but the company still managed to boost its profit and revenues.
The Vancouver-based apparel retailer’s net income reached USD$321 million in its first quarter (Lululemon reports in U.S. dollars), up from USD$290 million a year earlier. Its net revenue for the period ended April 28 amounted to USD$2.2 billion compared with about US$2 billion a year prior.
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Lululemon earnings and profit despite economic pressures
The increases came despite higher inflation and interest rates, which have hampered consumers’ willingness to spend, and as the brand made some missteps in its womenswear and bag categories.
“When looking at women’s, we did not maximize the business in the U.S., which was the result of several missed opportunities, including a colour palette and our core assortment, particularly in leggings, that was too narrow,” said CEO of Lululemon Athletica, Calvin McDonald, on a call discussing the results…
Best online brokers in Canada for 2024
– moneysense.ca
This is our 12th year helping Canadian investors find their optimal financial partner to enhance their self-directed investing journey. There’s never a bad time to highlight the ins and outs of do-it-yourself investing and help newer investors understand what defines an online broker in Canada.
Featured online brokers
featured
National Bank Direct Brokerage
$0 commission on all transactions. No minimum deposit needed.
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featured
Moomoo Financial Canada
Low-fee stock and ETF trading, with access to stock analysis tools and real-time data.
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Best robo advisors
If you’re looking for an easy and hands-off way to invest (with pre-built portfolios), read about Canada’s best robo advisors…
