Celestica profit dips but still beats market forecasts + MORE Jul 26th

All about Canadian investments. Learn the ins and outs and get the latest news.

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Compare the best GIC rates in Canada 2022 Jan 5th

How to use this tool: Simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of non-registered, registered, TFSA-eligible or U.S. GICs. Or, follow the prompts in the six fields a.... More »

Making sense of the markets this week: May 14, 2023 May 12th

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. U.S. Inflation continues to move in the right direction Despite the strong April jobs report in the United States, overall inflatio.... More »

A breakdown of the big Canadian banks’ third-quarter earnings so far - The Globe and Mail + MORE Aug 27th

A breakdown of the big Canadian banks’ third-quarter earnings so far The Globe and MailBMO, Scotiabank top earnings forecasts but sound wary note for road ahead The Globe and MailTSX scales new peak, lifted by robust bank earnings ca.finance.yahoo.com'Uncertainty m.... More »

The best TFSAs in Canada for 2023 Aug 25th

Save The best TFSAs in Canada for 2023 Here are the best accounts to hold your savings and investments. Compare now Tap the button for more details. The best TFSAs in Canada for 2023 .... More »

Refinancing your mortgage? Here’s why a professional home appraisal is step one Mar 27th

Before you refinance your mortgage, it’s important to know your home’s true value. A professional home appraisal gives you an accurate picture of the value of your property, helping you make smarter financial decisions from lowering your monthly payments to accessing equity to evaluating your re.... More »

Estimating the cost of not having a US Dollar RRSP account

– canadiancapitalist.com

If you hold a self-directed Registered Retirement Savings Plan (RRSP) account at a broker like TD Direct Investing or Scotia iTrade that still does not offer the ability to segregate USD-denominated securities held in RRSP accounts from securities denominated in Canadian Dollars, you are incurring a cost when dividends are paid into your account. The total cost depends on two factors: (a) the dividend yield of each holding that pays a dividend in US dollars (note that this may include both US-listed securities such as stocks and ETFs and about a score of Canadian companies that are listed on the TSX but pay a dividend in US dollars) and (b) the cost of converting US dollars into Canadian dollars at your broker.
To calculate how much it is costing you to hold a RRSP account at one of the offending brokers, I put together a simple Google spreadsheet. Just enter the cost of converting currency (as of this writing, a typical broker will charge roughly 2 percent for converting CAD into USD or vice versa), the holdings in your RRSP accounts that pay dividends in US dollars and their dividend information…

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Weekend Readings – Is Elon Musk Ahead Of His Time?

– IntelligentSpeculator.net

I wrote a bit about Elon Musk and how brilliant the guy.. he will take risks which could backfire but it could certainly pay off well too. Tesla has been a good investment lately hasn’t it? His latest idea? A super tube that would make it possible to get from New York City to Los Angeles in 45 minutes… take a look! Here are some
General Readings
-Inflation is coming @ MoneyBeat
Dividend & Passive Income Readings
-Time to say goodbye to Canadian banks and add US ones? @ TheDividendGuyBlog
-Frequently asked questions about dividend investing @ DividendGrowthInvestor
Tech Stock Readings
-Netflix ($NFLX) slides after earnings @ ZeroHedge
-Daniel Loeb getting out of $YHOO, should you? @ WSJ
The post Weekend Readings – Is Elon Musk Ahead Of His Time? appeared first on Intelligent Speculator.

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