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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“We’re well off in retirement. How can we pay less tax?” Aug 28th
Ask MoneySense
Both my wife and I are retired. My wife is 72 years old and I am 68. Our combined incomes are based on CPP, OAS, RRIFs and dividends (both from our non-registered investments portfolio and corporate dividends that we both get quarterly from a holding company that manages the corporat.... More »
Australia's ruling party to choose new prime minister - CBC.ca + MORE Aug 24th
CBC.caAustralia's ruling party to choose new prime ministerCBC.caAustralia appears set to get its sixth change of prime minister in 11 years, in a ballot of government lawmakers which would continue an era of extraordinary political instability. Foreign Minister Julie Bishop is among the favour.... More »
Should you go big or small with your down payment when buying a house? + MORE Dec 20th
When buying a property, how much should you put toward the down payment? We asked financial planner Janet Gray to weigh in for this week’s In Your Corner..... More »
GTA home prices cap tumultuous year with meagre gain in December - The Globe and Mail + MORE Jan 4th
The Globe and MailGTA home prices cap tumultuous year with meagre gain in DecemberThe Globe and MailToronto area home prices ended 2017 with a gain of less than 1 per cent from a year earlier, wrapping up a tumultuous year marked by an early boom followed by a sharp correction in the wake of governm.... More »
Toronto mayor asks for help with refugees and asylum seekers in shelter system - CityNews Jun 26th
Toronto mayor asks for help with refugees and asylum seekers in shelter systemCityNewsTORONTO – The mayor of Canada's most populous city says Toronto can no longer accommodate new waves of refugees and asylum seekers in its shelter system without help from the federal and provincial governmen.... More »
BCE Inc. is now estimating its full-year adjusted earnings per share will be no higher than $3.40 per share, which is below the low end of its previous estimate issued in February.
The path to real estate bubble panic
– macleans.ca
Canada’s red hot housing market—fuelled primarily by soaring prices first in Vancouver, and now in Toronto—has drawn many a bubble warning from some real estate watchers. But there were others who once talked down bubble fears. However with prices in Canada’s largest city climbing at more than 25 per cent a year, bubble warnings have surged too.
We track the observations of economists, politicians and regulators as they watched Canadian house prices heat up over the past few years and finally become so hot in Toronto that officials at all levels of government have scrambled to intervene in an attempt to cool it off.
The emojis in the graph represent the various stages of bubble anxiety—from calm to frantic—for the six individuals we looked at. Tap each to read their quote from that time.
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Ditching home ownership and becoming a millionaire instead
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.Ditching home ownership and becoming a millionaire instead
You might already know from the recent posts on my site, I’m more interested in FIRE – which stands for Financial Independence Retire Early in the personal financial community.
Here are some recent articles on this subject:
Is FIRE right for you?
How to achieve FIRE from Get FIRE’d asap
In the latter article, Aussie investor Martin achieved his financial independence through real estate investing initiated from home equity leverage. Those decisions are not for the faint of heart. However, by all accounts he worked hard, had some luck and realized his dream.
Today’s post is the antithesis of what Martin did, and this couple was equally successful all the same. Meet FIRECracker from Millennial Revolution. She and her husband outright rejected home ownership, and invested their money instead, diligently. In doing so they amassed a seven figure portfolio throughout their 20s to formally retire from their 9-to-5 jobs at the age of……
These stocks could see major moves on Thursday
– theglobeandmail.com
All eyes will be on Home Capital Group Inc. again on Thursday to see if the alternative mortgage lender’s stock will continue to slide.
Home Capital shares tumble after the company said the terms of a new $2-billion line of credit it is arranging will leave it unable to achieve its financial targets.
