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Wealthsimple-X deal sparks investor risk concerns + MORE Apr 20th
A new partnership Wealthsimple has struck with social media platform X could greatly expand the finance company’s reach—but some critics are raising concerns about the risks for investors.
Through the partnership launched this week, Wealthsimple customers who have its app on their p.... More »
What to expect from Mark Carney’s fiscal update amid high deficits and rising risks - Toronto Star Apr 26th
What to expect from Mark Carney’s fiscal update amid high deficits and rising risks Toronto StarCarney faces pressure to show results in spring fiscal update: former PBO Global NewsLiberals must show results in spring economic update: former PBO Winnipeg SunCarney .... More »
Defence stocks attract attention as spending climbs + MORE Apr 10th
With global hostilities rising, experts say investors should take a fresh look at defence companies. The defence industry is much broader than weapons-focused firms. Investing professionals say there are a range of options for retail investors to gain exposure to the sector, depending on their comfo.... More »
Carney says Canada open to deeper integration with U.S. ahead of CUSMA review - CTV News May 9th
Carney says Canada open to deeper integration with U.S. ahead of CUSMA review CTV NewsCanada must seek non-U.S. trade partners to shore up ‘vulnerabilities,’ Carney tells global summit The Globe and MailCarney Signals Openness to Deeper Trade Ties With US and Mexico &n.... More »
Jeffrey Rath fought for First Nations. Now former clients are fighting him - Global News Jul 14th
Jeffrey Rath fought for First Nations. Now former clients are fighting him Global NewsCourt freezes accounts of separatist lawyer as First Nation alleges misappropriation CBCJudge freezes $8.5M of Alberta separatist lawyer’s assets amid First Nation trust fight Glo.... More »
Is Wealthsimple’s new Physical Gold Trading worth it?
– moneysense.ca
Gold prices hit a new all-time high of $4,379 USD per ounce in October. At the time, we covered the move with a comprehensive guide on the different ways investors can gain exposure to gold. The takeaway was straightforward: if your goal is portfolio diversification, owning gold through an exchange-traded product (ETP)—whether an exchange-traded fund (ETF), closed-end fund (CEF), or exchange-traded receipt (ETR)—is usually more accessible and affordable than going to a physical precious metals dealer.
That guide, however, left out one important new entrant. Wealthsimple has since launched direct physical gold trading, and it arrived with a splash. The rollout included a promotional giveaway featuring a one-kilogram gold bar, 10 one-ounce coins, and 50 one-tenth-ounce coins for eligible clients who deposited funds and completed a survey. The promotion wrapped up on December 5.
Wealthsimple has a history of shaking up the Canadian financial services landscape. It moved ahead of the big banks on features like zero-commission options trading, direct indexing, and now physical gold access inside a brokerage account…
