Buying ETFs in Canada Tool: The MoneySense ETF Screener + MORE Oct 20th

Financial uncertainty has been on Canadians’ minds, and with good reason. We’ve dealt with stubborn inflation, rising interest rates and talk of a possible recession. If a recession does occur, it doesn’t necessarily mean widespread job losses for Canadians. More likely, hiring will slow down. Still, it’s best to always be ready for these types of financial events.

Let’s back up a bit to explain how we got here. When the COVID-19 lockdowns ended in 2022, financial experts warned that the economy would be due for a contraction. That’s partly because of years of massive spending and borrowing by the federal government and historically low interest rates set by the Bank of Canada (BoC), as well as rapid hiring when the world opened up. And there is good reason to ask about Canada’s employment—persistent inflation means that the BoC has been aggressively hiking interest rates since March 2022, and is willing to risk a recession to do so. Plus, Canadian and international companies have started to shed the jobs they created during the pandemic…

Ask MoneySense
I currently own a house in Edmonton that is mortgaged, and I’m looking to purchase a property in Vernon, BC, that I will eventually retire to. Until then, I am liking the idea of renting out that property to help support the additional mortgage. 

I am wondering if it’s possible to transfer my existing mortgage into my RRSP and access the cash there by reducing the amount of additional mortgage I would need to purchase the Vernon property? Otherwise, is there a way to purchase the Vernon property using my RRSP funds?

–Yvonne

Holding a mortgage inside an RRSP

I am sometimes asked about buying a home to retire to eventually, and renting it out in the meantime. I question the approach because a home you want to live in is not necessarily a good property to rent out to a tenant. A property that is easily rentable to tenants may be close to transit and jobs for example, whereas a property you may want to retire to could be more rural or have different attributes…

Ben McKenzie’s got a brand new bag. The actor, known for roles in TV shows The O.C., Southland and Gotham, has become a dedicated detractor of the crypto market, which he started exploring when his acting projects were on hold during the pandemic. While many of his Hollywood peers were touting Bitcoin and EthereumMax investments as guaranteed ways to grow wealth, McKenzie wasn’t convinced—it all sounded too easy.

The Brooklyn-based father of three might not seem like the obvious face of an anti-crypto crusade, but McKenzie’s background in economics (he studied at the University of Virginia) and ability to spot bad actors after two decades in show business made him wary of the unregulated market. He began sharing his concerns on podcasts and TV, and now he has a book, co-authored with journalist Jacob Silverman.

In Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud, McKenzie travels to El Salvador—the first country where Bitcoin was made legal tender—interviews industry bigwigs, like FTX’s Sam Bankman-Fried, and speaks to a handful of the millions of people worldwide who saw their investments evaporate when the market crashed in 2022…

If you’re researching ETFs to buy, you’ve come to the right place. Below you will see the tables for different ETF categories, offering ETF options from some of the best ETF providers in Canada. We’ve included some helpful ETF asset class, geography, provider, tickers, as well as one-year return, inception date, management fees, expense ratio, as well as if it’s actively managed, ESG, its strategy, if it contains crypto, as well as returns (ranging from one day to three years), and flows (again, one day to three years). Below that is more information to help you make your choice of which ETF to buy.

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Slide the columns right or left using your fingers or mouse to see even more data, including returns and strategy. You can download the data to your device in Excel, CSV and PDF formats. To move around the data, tap the header’s arrow you want to compare. The data is provided by ETF Market Canada CBOE on October 20, 2023…

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

Big wins for big U.S. banks

If you’ve been betting against American consumers over the last few years, then you haven’t won very often. That strength continued as the U.S.A.’s major financial institutions all had very positive earnings announcements over the past week. (All numbers are in USD for this and the following section.)

U.S. banking earnings highlights
Here’s a breakdown of of the latest earnings announcements this week

JPMorgan (JPM/NYSE): Earnings per share of $4.33 (versus $3.97 predicted). Revenue of $40.69 billion (versus $39.63 billion estimate).

Bank of America (BAC/NYSE): Earnings per share of $0.90 (versus $0.82 predicted). Revenue of $25.32 billion (versus $25.14 billion predicted). 

Wells Fargo (WFC/NYSE): Earnings per share of $1.48 (versus $1.29 predicted). Revenues of $20…