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.
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A parents’ guide to home down payment gifts and loans + MORE Aug 20th
It used to be that parents budgeted for post-secondary education or contributing to the costs of a child’s wedding. But now, I am increasingly finding parents planning for home down payment gifts.
The statistics support this and show an increase in down payment help in recent years. A CIBC stud.... More »
Roughly half of Canadians financially insecure as debt confidence hits record low: report - Global News + MORE Jan 17th
Roughly half of Canadians financially insecure as debt confidence hits record low: report Global NewsPosthaste: Canadian confidence level plummets to new low as inflation set to hit 30-year high: Survey Financial PostThe Daily Chase: Key week for Bank of Canada; Survey reveals .... More »
‘Death by a thousand cuts’: How to take stock of your subscriptions + MORE Dec 29th
With subscription services offered in almost every category these days, it can be hard to keep track of exactly how much you’re spending on a monthly basis..... More »
Financial reality check: 5 money rules Gen Z should retire + MORE Dec 18th
A new poll revealed that a quarter of Canadians feel the financial advice they inherited from older generations no longer applies in 2025. For Gen Z, that number jumps to 34%. And for big-ticket purchases, the gap is even bigger: almost half of 18 to 34 year olds say traditional home-buying advice n.... More »
Stock market news live updates: Stocks gain for a second day amid busy earnings lineup - Yahoo Canada Finance Oct 18th
Stock market news live updates: Stocks gain for a second day amid busy earnings lineup Yahoo Canada FinanceStocks rise on Wall Street as investors focus on earnings CTV NewsUS stocks giving up gains. Risk on, reversing. ForexLiveStocks open higher on Wall Street, cla.... More »
CIBC: The BIS is wrong, Canada not at risk of financial crisis
– theglobeandmail.com
A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web.
VersaBank takes steps towards launching blockchain based cryptocurrency vault
– canadianbusiness.com
LONDON, Ont. _ Canadian lender VersaBank is moving towards launching a blockchain-based virtual vault to store digital properties such as cryptocurrency.
The London, Ont.-based chartered bank says its subsidiary VersaVault has signed two memorandums of understanding with a cryptocurrency exchange and a cryptocurrency-based fund.
VersaBank did not disclose the names of the exchange or the fund.
The branchless bank says these agreements will facilitate feedback from two institutional holders of cryptocurrency assets to help guide the lender’s development of VersaVault, which it intends to launch globally.
VersaBank says the blockchain-based vault works like a safety deposit box, where only the user has access or knows what is inside but its contents are protected from hackers and other risks.
One recent example of such risk is a January cyberattack on Tokyo-based bitcoin and cryptocurrency exchange Coincheck, which lost hundreds of millions of dollars worth of cryptocurrency to hackers…
The London, Ont.-based chartered bank says its subsidiary VersaVault has signed two memorandums of understanding with a cryptocurrency exchange and a cryptocurrency-based fund.
VersaBank did not disclose the names of the exchange or the fund.
The branchless bank says these agreements will facilitate feedback from two institutional holders of cryptocurrency assets to help guide the lender’s development of VersaVault, which it intends to launch globally.
VersaBank says the blockchain-based vault works like a safety deposit box, where only the user has access or knows what is inside but its contents are protected from hackers and other risks.
One recent example of such risk is a January cyberattack on Tokyo-based bitcoin and cryptocurrency exchange Coincheck, which lost hundreds of millions of dollars worth of cryptocurrency to hackers…
Analyst warns British Columbia gas prices could soon hit a record high
– canadianbusiness.com
VANCOUVER _ Drivers in British Columbia should brace for record high gasoline prices this summer and the financial pain has the potential to spread across the country, says a petroleum industry analyst.
Dan McTeague of the online tech company GasBuddy predicts that beginning in April and continuing to September, gasoline prices across much of B.C.’s south coast will hover around $1.60 a litre.
He blames the hike on high demand and chronically short supply, made even worse by Friday’s announcement that the Olympic pipeline that distributes gasoline throughout Washington and Oregon will be taken off-line for four or five days of maintenance.
Prices across Vancouver hit about $1.55 over the weekend, while Victoria remained around $1.40, but McTeague warns southern Vancouver Island could see an eight-cent-a-litre leap as the ripple from short supplies and climbing local taxes spreads.
The high for a litre of gasoline in Metro Vancouver was set on June 22, 2014, when the price was just under $1…
Dan McTeague of the online tech company GasBuddy predicts that beginning in April and continuing to September, gasoline prices across much of B.C.’s south coast will hover around $1.60 a litre.
He blames the hike on high demand and chronically short supply, made even worse by Friday’s announcement that the Olympic pipeline that distributes gasoline throughout Washington and Oregon will be taken off-line for four or five days of maintenance.
Prices across Vancouver hit about $1.55 over the weekend, while Victoria remained around $1.40, but McTeague warns southern Vancouver Island could see an eight-cent-a-litre leap as the ripple from short supplies and climbing local taxes spreads.
The high for a litre of gasoline in Metro Vancouver was set on June 22, 2014, when the price was just under $1…
Canada’s main stock index joined U.S. markets in the red Monday as a Federal Reserve meeting looms and a share price hit at Facebook over improper data use weighed on the tech sector.
