How to go about securing the best return for your investment in Canada.
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The Rise of Accessible Investing in a Fintech Generation + MORE Oct 15th
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For generations, the benefits of investing have been reserved only for those who possess the luxuries of time, mobility and money. Knowledge of the stock market, the value of shares and the mere concept of making your money work for you are only now truly becoming public knowledge..... More »
'Strong but not stellar' quarter for Netflix shows higher profit, but slower subscriber growth + MORE Jul 17th
Netflix released second quarter earnings after stock markets closed on Monday, and while the streaming giant revealed it added fewer new customers than anticipated, it still added more than 5 million people to its customer base in the past three months..... More »
EQ Bank review 2021 + MORE Apr 29th
Table of contents
Who is EQ Bank?
EQ Bank—quick review
How to make deposits and access funds with an online EQ Bank account
What you need to know about the EQ Bank Savings Plus high-interest savings account
GICs at EQ Bank
How EQ Bank’s international money transfers, powered by Wise, work
What.... More »
MasterCard, Visa suspend operations in Russia over invasion of Ukraine - CBC News Mar 5th
MasterCard, Visa suspend operations in Russia over invasion of Ukraine CBC NewsVisa, Mastercard block Russian financial institutions after sanctions CTV NewsMastercard, Visa suspend operations in Russia after invasion CP24 Toronto's Breaking NewsVisa, Mastercard susp.... More »
Stock market today: Stocks wobble as earnings roll in, Powell comments on inflation - Yahoo Finance Apr 16th
Stock market today: Stocks wobble as earnings roll in, Powell comments on inflation Yahoo FinanceFed Chair Powell says there has been a 'lack of further progress' this year on inflation CNBCFed's Jerome Powell suggests elevated inflation will likely delay interest rate cuts thi.... More »
How T+2 Settlement Affects ETF Investors
– CanadianCouchPotato.com
These days we’re used to financial transactions that happen instantly. Buy groceries with your debit card and you see your bank account updated immediately. Send a friend money with an Interac transfer and it’s in their hands in seconds. Yet when you buy or sell an ETF or mutual fund, the trade doesn’t settle for three business days, a practice known as T+3. It’s a convention that seems as outdated as traveller’s cheques.
The good news is this is about to change: on Tuesday, September 5, markets in Canada and the United States will be moving to a T+2 cycle, with settlement two business days after the trade.
This change will mostly affect financial institutions and their intermediaries, but if you regularly buy ETFs, mutual funds, and other investments through an online brokerage there are a number of details you should understand.
Out of order
Before diving into the details, let’s review what settlement means in this context. A trade is considered settled when the buyer has delivered the cash to the seller, at which point ownership of the security officially changes hands…
The good news is this is about to change: on Tuesday, September 5, markets in Canada and the United States will be moving to a T+2 cycle, with settlement two business days after the trade.
This change will mostly affect financial institutions and their intermediaries, but if you regularly buy ETFs, mutual funds, and other investments through an online brokerage there are a number of details you should understand.
Out of order
Before diving into the details, let’s review what settlement means in this context. A trade is considered settled when the buyer has delivered the cash to the seller, at which point ownership of the security officially changes hands…
How to avoid RESP penalties if your child quits school
– thestar.com
If your child quits college or university early, or chooses not to attend at all, parents may be on the hook for significant penalties if they collapse the RESP.Canada’s economy is riding a wave of consumer debt. But for how long?
– canadianbusiness.com
Finance Minister Bill Morneau. (Adrian Wyld/CP)It is a testament to Apple craftsmanship that the “c,” “r,” “i,” and “s” keys on my laptop still function. There is no two-syllable word I have typed more since the the latter part of the previous decade than “crisis,” usually preceded by “financial.” And since I haven’t stopped writing about the financial crisis, I missed that it is already time to commemorate one of the great moments in economic history.
Bloomberg News, the Financial Times, the Globe and Mail have all published 10th-anniversary articles related to the crisis this month, deciding to date the Great Recession to the early tremors, rather than the Big One, which was the collapse of Lehman Brothers Holdings Inc. on Sept. 15, 2008.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How Canada’s real estate market went completely insane
Call me a heretic, but I think it’s still 9 AC (After the Crisis)…
Back to school: How mature students can hit the books
– thestar.com
With proper planning, a university degree can offer a good return on investment for mature students.
