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
Oil prices rise above $100, North American stock market holds steady as U.S.-Iran tensions continue - CBC + MORE Apr 13th
Oil prices rise above $100, North American stock market holds steady as U.S.-Iran tensions continue CBCOil prices jump on US plans to blockade Iranian ports in Strait of Hormuz CNNPrice at the pump in Toronto could soon eclipse $2 a litre amid U.S threat to blockade Strait of H.... More »
Why homeownership isn’t guaranteeing financial security for seniors Apr 1st
There’s a common belief that homeownership guarantees financial security, but a new study from the University of Calgary challenges that idea. The March 2025 Social Policy Trends study surveyed 715 Albertan seniors—both homeowners and renters—about their financial situations.
While the stud.... More »
Your home sold—now what? + MORE Nov 12th
If you’ve sold your home or are planning to soon, you may have a large amount of cash that needs a temporary parking spot while you prepare for your next move. A regular savings account pays very little interest—so unless you need the money right away, it makes sense to seek higher returns.
S.... More »
Toys "R" Us ends Canadian stores auction with Fairfax as sole bidder + MORE Apr 23rd
Toys "R" Us Inc. will seek approval to sell its Canadian unit to Fairfax Financial Holdings Ltd. after cancelling an auction for the company's Canadian operations..... More »
What types of tax-free savings accounts (TFSAs) exist? Dec 19th
A tax-free savings account (TFSA) is a fantastic way to earn money on your savings, without having to pay tax on those earnings. Registered by the federal government, TFSAs are available to Canadians aged 18 and older. Unlike a registered retirement savings plan (RRSP), you cannot deduct contributio.... More »
Giving children an allowance can help instill positive money habits, financial experts say.
Canada attracted an estimated 8,000 millionaires last year, trailing only Australia and the United States on the list of top destinations, according to a recent report from New World Wealth.
Loblaw had $11.13 billion of revenue and a $201 million net profit in the fourth quarter, according to earnings announced Thursday morning.
Allowances can help kids learn financial savvy
– canadianbusiness.com
Robin Taub paid her two kids a weekly sum when they were younger in an effort to help teach them basic money skills.
Now, they’re living away from home at university, managing a budget, and friends tease them for being money-smart kids, she says _ a riff on the title of her book, “A Parent’s Guide to Raising Money-Smart Kids.”
Giving children an allowance can help instill positive money habits, financial experts say. At a time when Canadians are carrying record loads of debt, that can be invaluable.
“Kids do need the opportunity to manage the money starting at a young age, where they can make little mistakes when the stakes are low and learn from them,” says Taub, a chartered accountant.
She recommends doling out one dollar a week for every year of the child’s age.
One of the biggest debates for parents around allowances is whether to tie them to chores.
Taub believes chores should be done because kids are contributing household members, not because of financial incentive…
Now, they’re living away from home at university, managing a budget, and friends tease them for being money-smart kids, she says _ a riff on the title of her book, “A Parent’s Guide to Raising Money-Smart Kids.”
Giving children an allowance can help instill positive money habits, financial experts say. At a time when Canadians are carrying record loads of debt, that can be invaluable.
“Kids do need the opportunity to manage the money starting at a young age, where they can make little mistakes when the stakes are low and learn from them,” says Taub, a chartered accountant.
She recommends doling out one dollar a week for every year of the child’s age.
One of the biggest debates for parents around allowances is whether to tie them to chores.
Taub believes chores should be done because kids are contributing household members, not because of financial incentive…
How allowances can teach your kids about money
– moneysense.ca
TORONTO — Robin Taub paid her two kids a weekly sum when they were younger in an effort to help teach them basic money skills.
Now, they’re living away from home at university, managing a budget, and friends tease them for being money-smart kids, she says — a riff on the title of her book, “A Parent’s Guide to Raising Money-Smart Kids.”
Giving children an allowance can help instill positive money habits, financial experts say. At a time when Canadians are carrying record loads of debt, that can be invaluable.
Now, they’re living away from home at university, managing a budget, and friends tease them for being money-smart kids, she says — a riff on the title of her book, “A Parent’s Guide to Raising Money-Smart Kids.”
Giving children an allowance can help instill positive money habits, financial experts say. At a time when Canadians are carrying record loads of debt, that can be invaluable.
A guide to teaching children about money »
“Kids do need the opportunity to manage the money starting at a young age, where they can make little mistakes when the stakes are low and learn from them,” says Taub, a chartered accountant.
She recommends doling out one dollar a week for every year of the child’s age.
One of the biggest debates for parents around allowances is whether to tie them to chores.
Taub believes chores should be done because kids are contributing household members, not because of financial incentive…
