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30 days - 1.75% + MORE Sep 28th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
StatCan latest wealth survey shows stark disparity between homeowners, renters - CTV News Oct 29th
StatCan latest wealth survey shows stark disparity between homeowners, renters CTV NewsView Full Coverage on Google News.... More »
US investors in Canada: what to watch for + MORE Jun 19th
Index investors in the US have always had it easier than Canadians, thanks to lower costs and more choices. Unfortunately, if those investors move to Canada, their plight becomes much more difficult.
Unlike Canada (and virtually every other western country), the US requires its citizens to file an a.... More »
Most actively traded companies on the TSX + MORE Apr 19th
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,867.28, up 147.46 points):
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.04, or 8.46 per cent, to $13.34 on 12.7 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.20, or 15.73 .... More »
Making sense of the markets this week: May 10, 2021 May 7th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Wealthsimple taps celebrities and nets a $5-billion valuation
In October of 2020, we reported on a previous round of financing for Wealthsimple. At that time, valuation estima.... More »
Will Mutual Fund Advisors Soon Be Selling ETFs?
– CanadianCouchPotato.com
There are many reasons why relatively few Canadian investors use ETFs compared with actively managed mutual funds. There’s about $900 billion in mutual funds in this country, while ETF assets total about $60 billion—just over 6% of the total. One of the main reasons for that yawning gap is that most advisors in Canada are licensed to sell mutual funds, but not ETFs. But that may be about to change.
The Canadian ETF Association (CETFA), an industry group that represents the country’s ETF providers, is spearheading an effort to enable mutual fund advisors to offer ETFs to their clients ETFs.
Here’s the crux of the issue. Investment advisors in Canada can be licensed by either the Mutual Fund Dealers Association (MFDA) or the Investment Industry Regulatory Organization of Canada (IIROC). MFDA advisors—many of whom work at bank branches and firms such as Investors Group—can sell mutual funds and nothing else. Only those who are IIROC-licensed can recommend and sell individual stocks or ETFs…
The Canadian ETF Association (CETFA), an industry group that represents the country’s ETF providers, is spearheading an effort to enable mutual fund advisors to offer ETFs to their clients ETFs.
Here’s the crux of the issue. Investment advisors in Canada can be licensed by either the Mutual Fund Dealers Association (MFDA) or the Investment Industry Regulatory Organization of Canada (IIROC). MFDA advisors—many of whom work at bank branches and firms such as Investors Group—can sell mutual funds and nothing else. Only those who are IIROC-licensed can recommend and sell individual stocks or ETFs…
The Bank of Montreal has reported improved net earnings and revenue for the third quarter that beat analyst expectations while Scotiabank has increased its quarterly dividend by two cents to 62 cents per share even as the bank reported a decline in third-quarter net income and a slight rise in revenue.
The Federal Court has dismissed an application by an aboriginal band in British Columbia to stay the Canada-China investment treaty until First Nations have been consulted.Court rejects First Nation case against Canada-China investment treaty
– canadianbusiness.com
VANCOUVER – A federal court judge has dismissed an application from a small British Columbia aboriginal band trying to stop the Canada-China free trade deal.
The judge found that the Hupacasath did not establish that the Foreign Investment Promotion and Protection Agreement with China will have adverse impacts on their aboriginal or self-government rights, and will not get a judicial review of the treaty.
“On the contrary, I am satisfied that the adverse impacts which (the band) has identified are speculative, remote and nonappreciable,” Chief Justice Paul S. Crampton wrote in the ruling posted on the court website Tuesday.
“Therefore, the ratification of the (treaty) by the Government of Canada without engaging in consultations with Hupacasath First Nation would not contravene the principle of the honour of the Crown or Canada’s duty to consult (the band) before taking any action that may adversely impact upon its asserted aboriginal rights.”
Signed almost a year ago, the deal has provisions similar to 24 other foreign investment pacts Canada has signed since 1989, including the North American Free Trade Agreement with the United States and Mexico…
The judge found that the Hupacasath did not establish that the Foreign Investment Promotion and Protection Agreement with China will have adverse impacts on their aboriginal or self-government rights, and will not get a judicial review of the treaty.
“On the contrary, I am satisfied that the adverse impacts which (the band) has identified are speculative, remote and nonappreciable,” Chief Justice Paul S. Crampton wrote in the ruling posted on the court website Tuesday.
“Therefore, the ratification of the (treaty) by the Government of Canada without engaging in consultations with Hupacasath First Nation would not contravene the principle of the honour of the Crown or Canada’s duty to consult (the band) before taking any action that may adversely impact upon its asserted aboriginal rights.”
Signed almost a year ago, the deal has provisions similar to 24 other foreign investment pacts Canada has signed since 1989, including the North American Free Trade Agreement with the United States and Mexico…
Will mutual fund advisers soon be selling ETFs?
– moneysense.ca
There are many reasons why relatively few Canadian investors use ETFs compared with actively managed mutual funds. There’s about $900 billion in mutual funds in this country, while ETF assets total about $60 billion—just over 6% of the total. One of the main reasons for that yawning gap is that most advisers in Canada are licensed to sell mutual funds, but not ETFs. But that may be about to change.
The Canadian ETF Association (CETFA), an industry group that represents the country’s ETF providers, is spearheading an effort to enable mutual fund advisers to offer ETFs to their clients ETFs.
Here’s the crux of the issue. Investment advisers in Canada can be licensed by either the Mutual Fund Dealers Association (MFDA) or the Investment Industry Regulatory Organization of Canada (IIROC). MFDA advisers—many of whom work at bank branches and firms such as Investors Group—can sell mutual funds and nothing else. Only those who are IIROC-licensed can recommend and sell individual stocks or ETFs…
The Canadian ETF Association (CETFA), an industry group that represents the country’s ETF providers, is spearheading an effort to enable mutual fund advisers to offer ETFs to their clients ETFs.
Here’s the crux of the issue. Investment advisers in Canada can be licensed by either the Mutual Fund Dealers Association (MFDA) or the Investment Industry Regulatory Organization of Canada (IIROC). MFDA advisers—many of whom work at bank branches and firms such as Investors Group—can sell mutual funds and nothing else. Only those who are IIROC-licensed can recommend and sell individual stocks or ETFs…
