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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Regulators fiddle while investors burn over fund fees at discount brokers + MORE Mar 3rd
Adviser commissions are still charged on many mutual funds despite 2017 report that found them unwarranted
.... More »
Mark Ruffalo: Disney Stock Will 'Go Down' if ABC Cancels Jimmy Kimmel - Variety Sep 20th
Mark Ruffalo: Disney Stock Will 'Go Down' if ABC Cancels Jimmy Kimmel VarietyTrump: ‘It’s no longer free speech.’ Politico‘Jimmy Kimmel Live!’ crew will be paid next week, as future of show remains in limbo CNNWhat Jimmy Kimmel's suspension means for late-n.... More »
Tillerson out at State, to be replaced by CIA chief Pompeo + MORE Mar 13th
U.S. Secretary of State Rex Tillerson arrives to a news conference with U.S. President Donald Trump and Swedish Prime Minister Stefan Lofven in the East Room of the White House March 6, 2018 in Washington, DC. Trump and Lofven are looking to focus on trade and investment between the two countries an.... More »
Corporate investments for retirees Feb 15th
I’m not using my Canadian corporate company anymore. I’m 67, delaying CPP and OAS. I have $210K in my company that I need to take out. What is the best way to do this with minimal tax?
My accountant is working with me but really doesn’t think it’s the best strategy. He has a three-y.... More »
Should I fire my advisor and invest by myself? + MORE Feb 11th
(Flickr)
Q. Bruce, I believe I am with a good and honest financial advisor. On her recommendation, I hold low-cost mutual funds, with an MER below 1%. My returns have averaged 6-8% annually over the past few years. But I am wondering if I should consider moving into a self-directed investment.... More »
Shares in Kinder Morgan’s Trans Mountain pipeline expansion fell in their debut on the Toronto Stock Exchange as political uncertainty swirled around the project.About 15 minutes after the opening bell, the newly listed shares were trading at $15.77, down 7.24 per cent from the $17 they were priced at in their initial public offering.
Toronto StarKinder Morgan Canada says pipeline expansion will proceed in BCToronto StarShares in Kinder Morgan Canada dipped to as low as $15.75 before recovering somewhat to $16.33 in late morning trading, while the future of the Trans Mountain Expansion has been clouded in doubt. Pipes are seen at the Kinder Morgan Trans Mountain …Kinder Morgan Canada shares fall in debut amid political uncertainty in BCCBC.caCSIS report on Trans Mountain describes 'violent confrontations' over resource developmentNational PostKinder Morgan's Canadian unit debuts below IPO price on TSXThe Globe and MailCalgary Herald -Globalnews.ca -CityNews -TheChronicleHerald.caall 184 news articles »
PSP Investment Board looks to Puerto Rico for airport deal
– theglobeandmail.com
The pension fund is taking a 40-per-cent stake in Aerostar Airport Holdings, the operator of Puerto Rico’s largest flight hub
Going public: A look at some of the biggest Canadian IPOs by value since 2000
– canadianbusiness.com
Rarely has an IPO drawn as much political attention as Kinder Morgan’s sale of its Canadian unit, a deal designed to fund the Trans Mountain pipeline expansion. At $1.75 billion, the public market debut of Kinder Morgan Canada (TSX:KML) is on track to be the fourth most valuable in Canadian history.
Here’s a look back at some of the biggest IPOs in Canada since Manulife Financial went public for $2.49 billion in 1999. The figures, based on data provided by Thomson Reuters, include proceeds raised through over-allotments:
Sun Life Financial: $1.89 billion in 2000. Soon after Manulife’s blockbuster IPO, fellow insurer Sun Life Financial followed suit. It listed on the Toronto market in March 2000, one of a wave of so-called demutualizations by insurers in 1999 and 2000. Other insurers that went public around that time include Clarica, which Sun Life took over in 2001, and Canada Life Financial, which was purchased by Great-West Lifeco in 2003. The stock debuted below $14 and rose to more than $55 by 2007…
Here’s a look back at some of the biggest IPOs in Canada since Manulife Financial went public for $2.49 billion in 1999. The figures, based on data provided by Thomson Reuters, include proceeds raised through over-allotments:
Sun Life Financial: $1.89 billion in 2000. Soon after Manulife’s blockbuster IPO, fellow insurer Sun Life Financial followed suit. It listed on the Toronto market in March 2000, one of a wave of so-called demutualizations by insurers in 1999 and 2000. Other insurers that went public around that time include Clarica, which Sun Life took over in 2001, and Canada Life Financial, which was purchased by Great-West Lifeco in 2003. The stock debuted below $14 and rose to more than $55 by 2007…
Turning investment income into mortgage payments
– moneysense.ca
Q: I have a mortgage of $120,000 with an interest rate of 2.25% variable.
I have some monies which I move around depending on the interest I get with the bank.
My income is $48,000.
I have some monies in TFSA. With these monies, I could pay off half my mortgage.
Should I pay off my mortgage partly or continue as is?
—Jane
A: The question of whether to pay down your mortgage or invest is an age old one in Canadian personal finance lore, Jane. There are varying opinions. Some people even suggest borrowing to invest à la “Smith Manoeuvre.”
I’m generally not a big fan of borrowing to invest, as I feel most investors don’t have the temperament, patience or risk tolerance to ensure it is worthwhile. Often those who borrow to invest are convinced to do so by mutual fund salespeople and the high fees on their investments negate much or all of the potential benefit anyway.
Ask a Planner: Leave your question for Jason Heath »
The thing is, Jane, you are indirectly borrowing to invest right now…
