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
Costco shoppers to pay an extra $5 or $10 fee for membership starting in June + MORE Mar 3rd
Costco will charge shoppers in Canada and the U.S. an extra $5 or $10 for an annual membership after the big box retailer posted financial results that disappointed Wall Street..... More »
Upcoming changes to Aeroplan points, Elite Status, and credit cards Aug 14th
Air Canada has announced that some big changes are coming to its popular Aeroplan loyalty program in the new year. As of Jan. 1, 2026, members will earn Aeroplan points based on how much they spend rather than how far they fly and their fare type. Qualifying for Elite Status is also being revamped w.... More »
Is it best to own a first home as an income property or primary residence? May 30th
Q. I would like to know whether it is better, financially speaking, to own my first house as an income property, or as my primary residence in Ontario. I am single, living with my parents, earn a steady income and have $80,000 in savings. I’ve already purchased a new-construction freehold townho.... More »
Alimentation Couche Tard feels ongoing pain from weak economy in Western Canada + MORE Mar 14th
Challenging economic conditions in Western Canada continued to weigh down on Alimentation Couche-Tard in the third quarter, despite the addition of 278 former Esso locations in Ontario and Quebec, the company said Tuesday.
Merchandise revenues from stores open for at least a year decreased by 0.9 pe.... More »
Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars - CBC.ca Mar 16th
Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars CBC.caHonda plans $1.38-billion plant upgrade in Ontario The Globe and MailHonda Canada to upgrade Ontario plant with help from Feds, province Yahoo Canada FinanceLILLEY: Honda's inve.... More »
CBC.caAt the open: TSX starts flat amid rate speculationThe Globe and MailCanadian stocks opened flat on Friday after a drop in Canadian retail sales in August and cooler-than-anticipated annual inflation in September reinforced speculation the Bank of Canada may lower interest rates again. The S&P TSX index was down 0.02 …Canadian stock futures dip ahead of inflation, retail sales dataBNNHigher Prices For Shelter And Transportation Put Inflation Up 1.3% For September640 Toronto NewsCanadian Inflation Climbs 1.3% in SeptemberWall Street JournalNews Talk 770 Calgary -CBC.ca -Bloomberg -CFJC Today Kamloopsall 40 news articles »
Feds propose changes to spread mortgage risks
– moneysense.ca
OTTAWA – The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the shoulders of taxpayers to lenders, such as the banks.Under Canada’s current system, lenders are able to transfer virtually all of the risk from insured mortgages to insurers, which are indirectly backstopped by taxpayers, the government said.
The Finance Department has been examining the possibility of making such a change for a couple of years and it’s now seeking more input.
Finance Minister Bill Morneau announced the consultations into so-called “lender risk sharing” earlier this month as part of a package of changes related to Canada’s housing market.
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The consultations are designed to help Ottawa determine whether having lenders absorb a modest chunk of loan losses on insured-mortgage defaults would help shore up stability in the system…
Canadians becoming less dependent on banks: survey
– moneysense.ca
TORONTO – A new survey from EY suggests Canadians are becoming less dependent upon their banks as the main providers of financial services.The business consultancy firm says a quarter of those polled agreed with the statement, “I’m less reliant on established (financial services) companies and banks these days, as there are more options to self-manage my finances.”
Another five per cent of the respondents strongly agreed with the statement, while 21 per cent disagreed, five per cent strongly disagreed and 39 per cent said they neither agree nor disagree. Another four per cent said they don’t know.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}3 ways to avoid paying bank fees
The top reasons cited by consumers for considering a non-bank provider included more attractive rates, access to different products and services, how easy it was to set up an account and a better online experience…
Bank of Canada’s Stephen Poloz to Bay Street: Can you hear me now?
– canadianbusiness.com
Bank of Canada governor Stephen Poloz. (Chris Young/CP)Some watchers of the Bank of Canada haven’t been paying attention.
Bloomberg News, Reuters, the Financial Post, and the Globe and Mail’s Report on Business (subscribers only) all wrote about the air pocket the Canadian dollar flew into after Governor Stephen Poloz read his opening statement at the central bank’s quarterly press conference on Oct. 19. Everything was fine after the central bank announced that it had decided to leave its benchmark interest rate at 0.5%, while stating that it had cut its outlook for economic growth and indicating that it would take longer to achieve its inflation target. Those two things should have triggered some repricing, as the Bank of Canada’s outlook had materially changed. But that didn’t happen until Poloz said these words about an hour later: “Given the downgrade to our outlook, Governing Council actively discussed the possibility of adding more monetary stimulus at this time, in order to speed up the return of the economy to full capacity…
Feds seek input on shifting some mortgage default risk from taxpayers to banks – CanadianBusiness.com
– news.google.ca
The Globe and MailFeds seek input on shifting some mortgage default risk from taxpayers to banksCanadianBusiness.comOTTAWA – The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the shoulders of taxpayers to lenders, such as the banks. Under Canada's …Conservative Party leadership candidate calls for CMHC privatizationMortgage Broker NewsCanada's mortgage brokers find ways around new lending rulesReuters CanadaBritain is still a nation that wants to be home owners, new survey showsProperty WireInternational Law Office (registration)all 25 news articles »
