The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
With debt payment looming, House weighs Puerto Rico bill + MORE Jun 9th
WASHINGTON – With a $2 billion debt payment looming, House leaders and President Barack Obama are pressuring lawmakers in both parties to support legislation to help ease Puerto Rico’s financial crisis.
The House is scheduled to begin debate Thursday on a bill that would create a financi.... More »
Traveler By Day, Trader By Night + MORE Sep 24th
Trading stocks is a great way to earn extra money from anywhere in the world. Thanks to the advancement of technology, it has never been easier to track your investments and make quick decisions, even without a broker. Keep reading to learn more about the advantages of trading without a broker, how .... More »
What ETFs should a millennial couch potato invest in? May 30th
Ask MoneySense
I’m 30 years old and have 30 years to go until retirement. I already have a good pension with my employer so I’d like to try a 100% equity portfolio. Is there a Couch Potato portfolio that would suit my needs? Any ideas on which ETFs to hold?
–Jonathan
Couch potato ETFs
.... More »
How will the outcome of the U.S. election affect financial markets? + MORE Nov 1st
Whichever candidate wins the U.S. president election next Tuesday, experts say investors will be relieved to shed some uncertainty over what kinds of policies to expect.
But macroeconomic factors like interest rate cuts and geopolitical tensions will be far bigger influences on markets in t.... More »
What to do if you’re a victim of bank account or credit card fraud + MORE Jan 8th
Ask MoneySense
We have been defrauded of over $20,000 by someone who was able to make unauthorized e-transfers from our bank accounts. The bank has recovered a small portion of them, and it has refused responsibility for any more. I am at level three of the complaint process, and I am wondering how .... More »
China reins in lending for stock trading as it winds down measures to stop market slide
– canadianbusiness.com
BEIJING, China – China tightened limits Friday on lending to finance stock purchases in its latest step to wind down emergency measures aimed at stopping a market plunge.
The maximum size of such “margin lending” will be cut by half to the equivalent of the amount of cash an investor puts up to buy stocks, down from the previous level of double that amount, the China Securities Regulatory Commission announced.
The move is aimed at strengthening “risk management,” the official Xinhua News Agency said.
Regulators are unwinding emergency measures after stock prices began to rebound from a plunge that started in June. The market benchmark, the Shanghai Composite Index, has risen 9 per cent over the past month.
Before the June slump, the index soared more than 150 per cent starting late last year after state media said shares were inexpensive. That led investors to believe Beijing would step in to prop up prices if necessary.
Regulators began tightening controls on “margin lending” early this year for fear traders were borrowing too much…
The maximum size of such “margin lending” will be cut by half to the equivalent of the amount of cash an investor puts up to buy stocks, down from the previous level of double that amount, the China Securities Regulatory Commission announced.
The move is aimed at strengthening “risk management,” the official Xinhua News Agency said.
Regulators are unwinding emergency measures after stock prices began to rebound from a plunge that started in June. The market benchmark, the Shanghai Composite Index, has risen 9 per cent over the past month.
Before the June slump, the index soared more than 150 per cent starting late last year after state media said shares were inexpensive. That led investors to believe Beijing would step in to prop up prices if necessary.
Regulators began tightening controls on “margin lending” early this year for fear traders were borrowing too much…
UK Treasury chief sells $19.8 billion in mortgages acquired in financial crisis
– canadianbusiness.com
LONDON – Britain’s Treasury says it has sold to a private equity firm some 13 billion pounds ($19.8 billion) in mortgages acquired during the 2008 financial crisis.
The government described its action as the largest ever financial asset sale by a government in Europe. The mortgages, purchased by Cerberus Capital Management, were owned originally by Northern Rock, one of the first lenders to get into trouble during the credit crunch.
The sale means the government has shed over 85 per cent of the assets it took on when saving the former bank.
Treasury chief George Osborne said Friday that the mortgages were sold for 300 million pounds more than book value and that “taxpayers will get back more money from Northern Rock than they were forced to put in during the financial crisis.”
The post UK Treasury chief sells $19.8 billion in mortgages acquired in financial crisis appeared first on Canadian Business – Your Source For Business News.
The government described its action as the largest ever financial asset sale by a government in Europe. The mortgages, purchased by Cerberus Capital Management, were owned originally by Northern Rock, one of the first lenders to get into trouble during the credit crunch.
The sale means the government has shed over 85 per cent of the assets it took on when saving the former bank.
Treasury chief George Osborne said Friday that the mortgages were sold for 300 million pounds more than book value and that “taxpayers will get back more money from Northern Rock than they were forced to put in during the financial crisis.”
The post UK Treasury chief sells $19.8 billion in mortgages acquired in financial crisis appeared first on Canadian Business – Your Source For Business News.
Learn, save, invest and prosper with My Own Advisor.
Welcome to some of the finest personal finance and investing articles from the blogosphere. This week I shared a few of my big fat investing mistakes. If you share your own mistakes you can enter to win a one-year investing subscription from 5iResearch, a $150 value. I also provided an update on our dividend income journey to financial freedom – we’re just shy of 40% of reaching our goal. We still have a long ways to go…
Enjoy the articles below about the aging Boomer demographic, how many middle-class Americans have virtually no retirement savings and how one investor is in an enviable financial position – both his registered accounts are maxed out. Thanks for reading!
There is an interesting essay here about the economic headaches on the horizon with the aging Boomer demographic.
When it comes to investing, it really boils down to funding our hopes and dreams (not about capital formation, risk weightings or asset allocations – although those things are very important)…
Welcome to some of the finest personal finance and investing articles from the blogosphere. This week I shared a few of my big fat investing mistakes. If you share your own mistakes you can enter to win a one-year investing subscription from 5iResearch, a $150 value. I also provided an update on our dividend income journey to financial freedom – we’re just shy of 40% of reaching our goal. We still have a long ways to go…
Enjoy the articles below about the aging Boomer demographic, how many middle-class Americans have virtually no retirement savings and how one investor is in an enviable financial position – both his registered accounts are maxed out. Thanks for reading!
There is an interesting essay here about the economic headaches on the horizon with the aging Boomer demographic.
When it comes to investing, it really boils down to funding our hopes and dreams (not about capital formation, risk weightings or asset allocations – although those things are very important)…
