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
Stock news for investors: Barrick leads earnings gains as major Canadian companies report mixed Q3 results + MORE Nov 13th
Here’s a round-up of news for Canadian investors this week.
Barrick
MEG Energy
Loblaw
Manulife
Linamar
Brookfield
Hydro One
Featured RRSP Accounts
featured
EQ Bank
.... More »
The best GIC rates in Canada for 2025 + MORE Nov 24th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
What does a weak Canadian dollar mean for your savings? + MORE Feb 25th
It’s the financial news story that everyone is talking about: The Canadian-to-U.S.-dollar exchange rate has been very unfavourable for the loonie lately.
How unfavourable? Since the beginning of the year, the Canadian dollar’s trading value has fluctuated between roughly USD$0.69 and $0.70—.... More »
Stock market news for investors: Canadian banks report Q1 earnings + MORE Feb 28th
Companies that reported earnings this week
BMO
Scotiabank
National Bank
CIBC
RBC
TD
Laurentian
Also read
.... More »
Hyundai Ioniq 6 Preferred Long-Range AWD: The best affordable EV in Canada for long-range driving for 2024 + MORE Mar 1st
Last year, we told you that the 2024 Hyundai Ioniq 6 was our top pick for affordable access to long-distance cruising range, specifically with the 2024 Hyundai Ioniq 6 Preferred Long-Range version delivering maximum return on the investment of shoppers counting “range for the buck” as a key purc.... More »
Ask MoneySense
My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 from our RRSPs through the Home Buyers’ Plan, even though we would only need $120,000 for the down payment? We would use the additional $80,000 for any necessary renos. Over the next few years, we would continue investing in our RRSPs and invest the tax refunds in our TFSAs, even though we plan to eventually pull the full $120,000 from our RRSPs, instead of keeping that money locked in.
My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 from our RRSPs through the Home Buyers’ Plan, even though we would only need $120,000 for the down payment? We would use the additional $80,000 for any necessary renos. Over the next few years, we would continue investing in our RRSPs and invest the tax refunds in our TFSAs, even though we plan to eventually pull the full $120,000 from our RRSPs, instead of keeping that money locked in.
—Ryan
Combining FHSA and RRSP withdrawals to buy a home
A first-time home buyer can mix and match different accounts to fund their home down payment. The recently introduced first home savings account (FHSA) is primarily for an eligible home purchase. Through the Home Buyers’ Plan (HBP), you may also be able to withdraw from a registered retirement savings plan (RRSP) up to certain limits. Tax-free savings accounts (TFSAs) are flexible accounts that can also be used with no requirement to repay what you withdraw…
Canada’s TD Bank to exit Charles Schwab stake worth $15.4 billion Reuters’That is a lot of capital’: TD shares jump on Schwab stake sale Yahoo Canada FinanceSchwab Stock Falls. A Big Shareholder Is Selling. Barron’sTD Bank selling its full stake in Charles Schwab The Globe and MailTD Bank Group to sell remaining 10.1 per cent stake in Charles Schwab Hamilton Spectator
