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
RCMP says prison break suspect images it released were just stock images - CP24 Toronto's Breaking News Jul 24th
RCMP says prison break suspect images it released were just stock images CP24 Toronto's Breaking NewsPhotos of Alkhalil escape suspects are fake, available for purchase on the internet Vancouver SunBC police seek escaped inmate accused of killing gangster, men who helped him es.... More »
Add Value to Your Home With These Home Changes May 20th
East or west, home is the best. Well, rightly so. Your home is your sanctuary, an area of comfort and stability that ties to your daily routine. To an extent, your home is your most significant investment, as it should be. That being said, you must maintain and add value to your home through renovat.... More »
U.S. banning use of WeChat, TikTok, citing national security reasons - CBC.ca Sep 18th
U.S. banning use of WeChat, TikTok, citing national security reasons CBC.caTrump to block TikTok, WeChat downloads in U.S. Global NewsByteDance plans TikTok IPO if U.S. clears deal: sources Yahoo Canada FinanceTrump Is Wrong About TikTok. China’s Plans Are Much Mor.... More »
Money Matters: How do we close the gender wealth gap? + MORE Jul 27th
In our 12-part video series, Money Matters, we interviewed the top voices in Canadian personal finance about money issues that affect all Canadians. For our second video of the series, we asked: How do we close the gender wealth gap? Listen to what some of our partners have to say.
Watch: Money Ma.... More »
RBC misses Q3 profit expectations as bad-loan provisions jump - BNN Bloomberg Aug 24th
RBC misses Q3 profit expectations as bad-loan provisions jump BNN BloombergROYAL BANK OF CANADA REPORTS THIRD QUARTER 2022 RESULTS Canada NewsWireToronto-Dominion Bank stock rises Tuesday, still underperforms market MarketWatchNational Bank reports third-quarter prof.... More »
How do credit card payment deferrals work during COVID-19?
– moneysense.ca
If you’re dreading your credit card bill, you’re not alone. According to the Bank of Canada, 30% of us carry a balance from month to month, accruing interest, on average, at an eye-watering 19.99%. Simply put, we’re in the red, with an average of $23,800 per Canadian owing on credit cards, lines of credit, loans and other non-mortgage debt, according to Equifax Canada.
Those stats are from the end of 2019. Since the COVID-19 pandemic took effect, Statistics Canada reports that more than one million Canadians lost their job in March, taking the unemployment rate from historic lows to 7.8%. The job loss is a decline not seen since the 1980s.
What does that mean to our day-to-day financial lives? One in three (34%) Canadians are worried that they may miss rent or a mortgage payment or have to borrow money, according to an Angus Reid survey, released March 25. In addition, the survey found that 37% of households who have experienced job loss say that they aren’t equipped to handle an extra $100 expense in the next 30 days…
Those stats are from the end of 2019. Since the COVID-19 pandemic took effect, Statistics Canada reports that more than one million Canadians lost their job in March, taking the unemployment rate from historic lows to 7.8%. The job loss is a decline not seen since the 1980s.
What does that mean to our day-to-day financial lives? One in three (34%) Canadians are worried that they may miss rent or a mortgage payment or have to borrow money, according to an Angus Reid survey, released March 25. In addition, the survey found that 37% of households who have experienced job loss say that they aren’t equipped to handle an extra $100 expense in the next 30 days…
