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
Can you use the FHSA and HBP together? + MORE Aug 15th
If you’ve been saving up to buy your first home, you’ve probably looked into the most effective ways to invest your money and come up with a solid down payment. You may also have explored programs for first-time home buyers—after all, every little bit helps, especially in a challenging housing.... More »
How are bonuses taxed in Canada? Feb 13th
If you’re fortunate enough to get a bonus from your employer this year, or if you’ve recently earned a pay bump, how should you spend it?
Maybe that money is already spoken for. Many Canadians are struggling financially right now, so a bonus or salary increase might simply help cover th.... More »
Reddit is preparing to sell shares to the public Mar 13th
Reddit, that vast, lively and sometimes chaotic repository of internet discussion, projected Monday a price for its initial public offering (IPO) stock that values the 18-year-old social media platform at up to $6.4 billion.
The offering also makes Reddit one of the first online companies to offe.... More »
Stock news for investors: Cenovus boosts MEG Energy stake to 9.8% + MORE Oct 17th
Here’s a round-up of news for Canadian investors this week.
Cenovus-MEG Energy
Parkland-Sunoco
Cineplex
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings wi.... More »
ETFs and RESPs: It’s always a good time to invest in education Jan 9th
Registered education savings plans (RESPs) are a smart way to save for your kids’ or grandkids’ college or university tuition and other school expenses. Not only are you setting aside money for their future, but the RESP also gets a boost from government grants.
With that in mind, here’s a .... More »
Best online brokers in Canada for 2023
– moneysense.ca
Self-directed online investing has normalized after a few years of outsized activity spurred by house-bound investors and government stimulus payments, especially after a bad year for stocks in 2022. Account openings have now stabilized and are back to pre-COVID and pre-meme-stock-phenomenon levels. And the trend of $0 commission firms—specifically no limitations on stocks and exchange-traded funds (ETFs)—has stalled at two and a half legitimate firms. Yes, you read that last part correctly. (More on that half-firm later, where we talk about $0 commissions.)
Now, the question for Canadian online investors—or for that matter the actual online brokerage firms—is what’s the next marketing ploy to watch for? Is it something to attract new investors to the industry and in turn to the firm? Or is it something to make existing investors entertain the thought of trying a new online broker or even switching?
It seems the current marketing focus is to target Canadian investors with words like “easy” and “simple…
