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
National Bank profit falls on hit from energy sector; boosts dividend + MORE Jun 1st
The smallest of Canada’s six big banks had announced in May that it would set aside $250-million to cover bad loans to the sector
.... More »
TFSA confusion: The myths that just won’t die Jun 25th
After 15 years of conversations with blog readers and financial planning clients, I’m still amazed at how often the same myths about tax-free savings accounts (TFSAs) pop up.
I’ve had clients ask if a dividend paid inside their TFSA counts as a contribution. Others think they lose contribut.... More »
Stop trading your ETFs, an oversold bank stock, and strategies to deal with volatility + MORE Feb 13th
A roundup of investment ideas for active investors
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Why the $35,000 RRSP Home Buyers’ Plan won’t be much help + MORE Mar 25th
It’s been about a week since federal budget day and I still have questions about some of the things the government announced. For instance, why did they introduce a deferred annuity, which will allow Canadians to put 25% of their RRSP or RRIF into an annuity that must start paying out by 85 at the.... More »
Apple Watch delays findependence + MORE Apr 16th
The true price of Apple Watch is steeper than you might think. (George Pimentel/Getty Images)
MoneySense Editor-at-large and affable technophile Jonathan Chevreau happily announced on Twitter last weekend that he pre-ordered an Apple Watch. Getting a new gadget can be fun and I hope he’ll enjo.... More »
After stock markets closed on Monday, Toronto became the first trading hub in North America for China’s currency, known as the renminbi or yuan.
Renminbi trading hub to streamline Canada-China financial services
– theglobeandmail.com
Facility aims to streamline financial services and make business between the two countries cheaper
Washington auditor returns to work, says he’s co-operating with federal investigation
– canadianbusiness.com
OLYMPIA, Wash. – Washington state Auditor Troy Kelley returned to work Monday following a week during which his home was raided by federal agents and his office turned over records subpoenaed by the Justice Department.
But the elected Democrat remained out of the public eye, issuing a written statement to reporters waiting in his lobby saying that all of his actions over the years have been “lawful and appropriate.”
In the statement, Kelley said he was aware that the U.S. attorney has questions about financial activities at a business he owned before he was elected. Kelley said he has fully co-operated but remains “puzzled by their interest.”
“I do not know any specifics about their inquiry, despite repeated requests for information, and cannot comment further,” he wrote. “I can assure you that all of my actions over the years have been lawful and appropriate.”
Kelley cancelled a planned speech at a conference in Olympia on Monday afternoon and doesn’t have plans for any public appearances in the coming days, according to his spokesman, Thomas Shapley…
But the elected Democrat remained out of the public eye, issuing a written statement to reporters waiting in his lobby saying that all of his actions over the years have been “lawful and appropriate.”
In the statement, Kelley said he was aware that the U.S. attorney has questions about financial activities at a business he owned before he was elected. Kelley said he has fully co-operated but remains “puzzled by their interest.”
“I do not know any specifics about their inquiry, despite repeated requests for information, and cannot comment further,” he wrote. “I can assure you that all of my actions over the years have been lawful and appropriate.”
Kelley cancelled a planned speech at a conference in Olympia on Monday afternoon and doesn’t have plans for any public appearances in the coming days, according to his spokesman, Thomas Shapley…
Housing market hints at changes with declines in key cities
– theglobeandmail.com
If your home equity is a big part of your retirement, then it’s time to start thinking about how theoretical price declines of 5, 10 and even 20 per cent would affect your financial plan
Report says Japan must boost productivity to stave off economic decline as population shrinks
– canadianbusiness.com
TOKYO – Japan’s future prosperity will depend on improving its lagging productivity, says a report by McKinsey Global Institute that urges companies to boost their competitiveness by better use of their workers.
Japan’s population of about 127 million began declining in 2011 and is rapidly aging, a trend seen in many industrialized countries. The country’s gains in productivity — or the value added for each hour of labour — have lagged behind other wealthy countries in almost all industries, even advanced manufacturing.
That has hurt wage growth and also keeps returns on investment comparatively low, even for the largest Japanese companies, says the report, released Tuesday.
Japan’s labour productivity lags 32 per cent behind Germany’s and 29 per cent behind that in the U.S. — a gap that will widen to 37 per cent over the next decade and ensure continued stagnation, the report said. Only in real estate did Japan show higher productivity than the U…
Japan’s population of about 127 million began declining in 2011 and is rapidly aging, a trend seen in many industrialized countries. The country’s gains in productivity — or the value added for each hour of labour — have lagged behind other wealthy countries in almost all industries, even advanced manufacturing.
That has hurt wage growth and also keeps returns on investment comparatively low, even for the largest Japanese companies, says the report, released Tuesday.
Japan’s labour productivity lags 32 per cent behind Germany’s and 29 per cent behind that in the U.S. — a gap that will widen to 37 per cent over the next decade and ensure continued stagnation, the report said. Only in real estate did Japan show higher productivity than the U…
