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
B.C. to end self-regulation of real estate industry + MORE Jun 29th
VANCOUVER – British Columbia is ending the self-regulation of the real estate industry in a move Premier Christy Clark says is aimed at protecting consumers.
Clark said Wednesday the province will hire a new superintendent of real estate, who will take over the rule-making authority held by the B..... More »
TSX higher as Fed keeps U.S. rates steady + MORE Sep 17th
The TSX closed higher and American markets retreated after the U.S. Federal Reserve decided to stand pat on interest rates..... More »
South Dakota rancher pleads guilty to falsely claiming 129 cattle died in 2013 autumn blizzard + MORE Nov 21st
RAPID CITY, S.D. – A South Dakota rancher has pleaded guilty in federal court to falsely claiming he lost more than a hundred cattle during the autumn blizzard of 2013 that left ranchers in the state reeling with financial losses.
Karl Knutson pleaded guilty Friday as part of a deal with prose.... More »
4 ways to pass along the family cottage Jun 15th
You can’t spend an afternoon paddling rivers or jumping off a dock without wondering where we, as Canadians, would be without cottage life. Yet, the joy of living a bit rough—with the bugs, the loons and everything in between—can, unfortunately, become a source of stress as aging parents start.... More »
Fed Chair Yellen resists giving some documents ordered by lawmaker in probe of possible leak + MORE Jun 5th
WASHINGTON – Federal Reserve Chair Janet Yellen is balking at turning over some of the documents ordered by a key House lawmaker in his investigation of a possible leak of market-sensitive information.
Yellen has told Rep. Jeb Hensarling, R-Texas, who heads the House Financial Services Committ.... More »
Fitbit seeks up to $478-million in IPO of wearable health device
– theglobeandmail.com
Fitbit and its stockholders plan to offer 29.85 million Class A shares for $14 to $16 apiece
Brookfield buying U.K. resort group for about $3.7-billion
– theglobeandmail.com
Brookfield’s offer to Blackstone for Center Parcs exceeded bids from others, including groups led by Canada Pension Plan Investment Board, people with knowledge of the matter said
Canadian dollar advances ahead of open at Toronto Stock Exchange
– canadianbusiness.com
TORONTO – The Canadian dollar is up about one-quarter of a U.S. cent ahead of the open of trading on North American stock markets.
The loonie traded at 80.06 cents US, up 0.28 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were down 68 points at 17,955.0, the Nasdaq futures fell 22.5 points to 4,499.0, and the S&P 500 futures declined 9.7 points to 2,099.5.
On the commodity markets, the July crude contract was up 69 cents at US$60.89 a barrel and the August gold contract rose $4.80 to US$1,193.50 an ounce.
The S&P/TSX composite index closed Monday at 15,074.13, after rising 60.04 points.
The post Canadian dollar advances ahead of open at Toronto Stock Exchange appeared first on Canadian Business – Your Source For Business News.
The loonie traded at 80.06 cents US, up 0.28 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were down 68 points at 17,955.0, the Nasdaq futures fell 22.5 points to 4,499.0, and the S&P 500 futures declined 9.7 points to 2,099.5.
On the commodity markets, the July crude contract was up 69 cents at US$60.89 a barrel and the August gold contract rose $4.80 to US$1,193.50 an ounce.
The S&P/TSX composite index closed Monday at 15,074.13, after rising 60.04 points.
The post Canadian dollar advances ahead of open at Toronto Stock Exchange appeared first on Canadian Business – Your Source For Business News.
Documenting financial agreements with family
– moneysense.ca
(BraunS/Getty Images)Q: My husband and I live with his parents to assist them with care and maintenance of their home. My father-in-law is an amputee and the understanding was that we would stay with them and take over the house “once the mortgage is paid”.
My husband’s parents have not put this arrangement in writing and yet we continue to contribute to household expenses and project costs. What is the best way to be protected in the event of their death and the best investment plan considering we don’t have a mortgage payment . . . or equity in the house formally?
—Angela
A: Mixing money and family is often difficult. And no doubt the situation you are in is a tricky one, Angela.
First off, it’s noble that you guys are taking care of your in-laws. Secondly, I agree that it’s important that you deal with the financial implications up-front.
From your perspective, I’d be worried that you guys are there chipping in and helping out and that it may never be realized or recognized financially…
Make money off unwanted life insurance
– moneysense.ca
Single with no dependants and have an unwanted life insurance policy? Consider donating your policy to a charity in exchange for lucrative tax credits, instead of simply letting it lapse and getting nothing. Here’s how it works: A willing charity takes on the responsibility for paying your future premiums. In return, you get a sizeable tax receipt from the charity for the fair market value of your policy, as determined by a professional actuary. That receipt can then be used to claim federal and provincial tax credits. When you die, the charity collects your payout. “It’s a win-win for all,” says Mebs Dhalla, a financial adviser with HollisWealth, adding the strategy is becoming more mainstream.
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The post Make money off unwanted life insurance appeared first on MoneySense.
