How will the outcome of the U.S. election affect financial markets? + MORE Nov 1st

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Buying China ETFs in Canada: Is it worth it? + MORE Dec 16th

U.S. stock market valuations are the fifth most expensive worldwide, currently trading at 23.79 times forward earnings, according to FinViz. That means investors are paying $23.79 for every dollar of projected earnings—a steep premium compared to historical averages. In contrast, Chinese equities .... More »

MoneySense at the MoneyShow: Capital gains and ETF sessions + MORE Nov 15th

MoneySense is pleased invite readers to two virtual MoneyShow conferences: Commercial Real Estate for the Private Investors on Wednesday, November 20 ETFs & Investing Strategies Canada Virtual Expo on Wednesday, November 27 Commercial Real Estate for the Private Investors Join us .... More »

Financial aid guide for university and college students in Canada + MORE May 7th

Financial aid is rarely an afterthought, but student debt is often a bigger problem than most university and college students in Canada anticipate. Rising tuition fees and expenses of going to college or university have become increasingly large burdens to bear for students—many of whom are alread.... More »
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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 »

When and how should I start drawing on my retirement savings? Apr 1st

Ask MoneySense Do you have any tips for withdrawing from an RRSP? Some background: My spouse and I are debt-free and mortgage-free. We own our home (current value approximately $1 million). We are hesitant to downsize as this home is accessible for me. I have approximately $650,000 in RRSPs .... More »
Making sense of the markets this week: November 3, 2024Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

Apple, Nvidia growth—no cap

Depending on the day you ask, it’s either Apple or Nvidia as the answer to the classic question: “What is the most valuable company in the world?” Both are worth somewhere around $3.5 trillion. (All figures in this section are in American currency.) 

To put that in perspective, each company is worth more than the entire Canadian stock market. Add up all of our banks, railways, energy companies, telecoms, REITs (real estate investment trusts), pipelines, grocery stores, insurance companies, utilities, gold miners and anything else you can find, but Apple or Nvidia are each worth more than the totality of companies listed on the Toronto Stock Exchange.

So, when either reports earnings, it’s a big deal. 

Big tech earnings highlights
Here are what the tech companies shared this week…

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How will the outcome of the U.S. election affect financial markets?Whichever candidate wins the U.S. president election next Tuesday, experts say investors will be relieved to shed some uncertainty over what kinds of policies to expect. 

But macroeconomic factors like interest rate cuts and geopolitical tensions will be far bigger influences on markets in the coming year than the outcome of the election, they say. 

“What we really look at … is looking at which candidate can play a more critical role in shaping economic growth,” said Brianne Gardner, senior wealth manager of Velocity Investment Partners at Raymond James Ltd. 

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