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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5 phishing scams targeting young Canadians (and how not to fall for them) + MORE Apr 17th
Young Canadians aged 18 to 34 report that, despite being raised in the digital era—where smartphones were toys before they could even talk—they are now the target of online fraudsters. And, nearly one-third of have taken the bait.
With 41% of scams happening on dating and social apps, why a.... More »
Does TINA still apply for the stock market? Are GICs and bonds a new option for Canadian investors? + MORE Nov 1st
Like many investors, I’ve seen the media and RBC report that some $10 billion moved out of chequing, savings and mutual funds into guaranteed investment certificates (GICs) in the third fiscal quarter. I’m also well aware of the increases in bond yields. Even so, unlike some of my advisor peers,.... More »
China hires advisers ahead of Evergrande restructuring - Aljazeera.com + MORE Sep 14th
China hires advisers ahead of Evergrande restructuring Aljazeera.comEvergrande: Shares in cash-strapped China property giant plunge BBC NewsEvergrande Hires Financial Advisers to Assess Capital Structure Bloomberg Markets and FinanceEvergrande Recovery Rates May Depe.... More »
‘I Was Worried About How I’d Connect With My Coworkers’: Young Employees Are Struggling to Adapt to the Office Jul 19th
When Lizzie*, a computer sciences student at the University of Waterloo, started her co-op placement at a financial institution in September 2022, she fretted over going into the office; it was her first time in the professional setting—ever. Her first few years of university were online due to th.... More »
Should you hold gold in a RRIF? Aug 7th
Ask MoneySense
I have a RRIF (registered retirement income fund) and I am looking to shift it to gold. I am 65 years old. Is this safe and does this make sense?
—Audrey
Investing in gold for retirement in Canada
Gold prices have surged recently, rising 26% over the past year. Silver has .... More »
Financial literacy for seniors
– moneysense.ca
Age has long been associated with wisdom. And while scientific studies offer conflicting results about the correlation between aging and wisdom, we all know people older than us who seem to have all the right answers—as well as some who start to show signs of cognitive impairment as they age.
My mother suffered from a rare form of dementia called primary progressive aphasia prior to her death. Before her diagnosis, she always seemed to have the right answers. Her neurologist once told us that the fluid intelligence used in problem solving peaks around age 20, and I remember being disappointed that even I am already 20 years past my prime.
Even though it impacts people differently, cognitive impairment is a fact of life as we age. This is one of the reasons the Canadian Securities Administrators (CSA) wants advisors to take reasonable steps to obtain contact information for a trusted contact person (TCP) for clients. Unlike a Power of Attorney, who may take over financial decisions for someone who has been deemed to have lost capacity to make those decisions, a TCP is a precautionary role…
My mother suffered from a rare form of dementia called primary progressive aphasia prior to her death. Before her diagnosis, she always seemed to have the right answers. Her neurologist once told us that the fluid intelligence used in problem solving peaks around age 20, and I remember being disappointed that even I am already 20 years past my prime.
Even though it impacts people differently, cognitive impairment is a fact of life as we age. This is one of the reasons the Canadian Securities Administrators (CSA) wants advisors to take reasonable steps to obtain contact information for a trusted contact person (TCP) for clients. Unlike a Power of Attorney, who may take over financial decisions for someone who has been deemed to have lost capacity to make those decisions, a TCP is a precautionary role…
