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
Canadian financial therapists on how to deal with the stress you feel over money Jul 4th
Surveys show Canadians worry more about money than personal health, work or relationships. Financial therapists say the stress can lead to anxiety, depression and other mental health challenges. Here’s how to control the stress.... More »
The Future Of Finance Is Digital: Q&A With Jerome Dwight, President of Brane Capital Aug 18th
Created for
Brane Capital is an independent Canadian crypto custody service bringing credibility and trust to the fast-growing crypto space by building a made-in-Canada independent custody solution with a team of leaders from technology, banking and government. Its president, Jerome Dwight, has.... More »
BitMine plans $20B stock sale to boost Ethereum holdings – Details - AMBCrypto Aug 14th
BitMine plans $20B stock sale to boost Ethereum holdings – Details AMBCryptoBitMine Immersion Expands Stock Offering to $24.5B The Globe and MailBitmine (BMNR) $20-Billion Fundraising Sends Shares Jumping by 14% Yahoo FinanceBitMine Immersion Now Holds 1.15 Million.... More »
Who gets what in a blended family with no will? + MORE May 16th
Q: What happens if I die, was previously married and had a will—but am now remarried (blended family) and have not written a new will? What happens to my estate if I die? How is it divided? Does my new spouse get all the assets? Or is it split between all children (his and mine)? Or do just my o.... More »
Liberals to spend nearly $2.5B to keep used subs sailing past 2030 + MORE Jun 16th
(Dirk Meissner/CP)
OTTAWA – The Trudeau government is planning to spend billions more on the navy’s four wayward submarines to keep them operating into the 2030s.
The plan to extend the lives of the troubled vessels is included in the Liberals’ new defence policy and comes followin.... More »
CMHC says annual pace of housing starts picks up in November to 211,916
– canadianbusiness.com
OTTAWA – The Canadian housing market continued to show signs of strength as the annual pace of housing starts in November came in faster than expected.
The Canada Mortgage and Housing Corp(The Canadian Press) said Tuesday the annual pace increased to 211,916 units in November compared with 197,712 units in October.
That compared with the 197,300 that had been expected by economists, according to Thomson Reuters.
“Canadian homebuilding activity remains robust, and accelerating momentum through the latter stages of 2015 will likely catch the eye of policy-makers currently stewing over the strength in real estate,” Bank of Montreal senior economist Robert Kavcic said.
Overall, the rate of urban starts increased by 7.7 per cent in November to 195,121, boosted by a gain in multi-unit starts which increased by 13.2 per cent to 137,898. Single-detached urban starts fell 3.6 per cent to 57,223 units.
The pace of urban starts increased in the Prairies, Ontario, and Atlantic Canada, but fell in British Columbia and Quebec…
The Canada Mortgage and Housing Corp(The Canadian Press) said Tuesday the annual pace increased to 211,916 units in November compared with 197,712 units in October.
That compared with the 197,300 that had been expected by economists, according to Thomson Reuters.
“Canadian homebuilding activity remains robust, and accelerating momentum through the latter stages of 2015 will likely catch the eye of policy-makers currently stewing over the strength in real estate,” Bank of Montreal senior economist Robert Kavcic said.
Overall, the rate of urban starts increased by 7.7 per cent in November to 195,121, boosted by a gain in multi-unit starts which increased by 13.2 per cent to 137,898. Single-detached urban starts fell 3.6 per cent to 57,223 units.
The pace of urban starts increased in the Prairies, Ontario, and Atlantic Canada, but fell in British Columbia and Quebec…
Oil and gas stocks lead another decline in early trading as the price of crude oil sinks again
– canadianbusiness.com
NEW YORK, N.Y. – U.S stocks fell in early trading Tuesday following a sell-off in Asia and Europe as the price of oil continued to slide to seven-year lows. The losses were broad, with all 10 industry sectors of the Standard and Poor’s 500 index down.
KEEPING SCORE: The Dow Jones industrial average fell 228 points, or 1.3 per cent, to 17,503 as of 10:21 a.m. Eastern time. The Standard & Poor’s 500 index gave up 22 points, or 1.1 per cent, to 2,056. The Nasdaq composite dropped 50 points, or 1 per cent, to 5,051.
OIL SLUMP: Most of the biggest decliners were oil companies as U.S. crude dropped 18 cents, or 0.5 per cent, to $3.53 a barrel. That’s the lowest price since early 2009. Devon Energy and Kinder Morgan each lost about 4 per cent. Southwestern Energy fell 5 per cent.
REDBOX TUMBLE: Outerwall plunged $12.02, or 21 per cent, to $45.91 after lowering its earnings guidance and announcing the head of its movie kiosk division, Redbox, was leaving as rentals fall…
KEEPING SCORE: The Dow Jones industrial average fell 228 points, or 1.3 per cent, to 17,503 as of 10:21 a.m. Eastern time. The Standard & Poor’s 500 index gave up 22 points, or 1.1 per cent, to 2,056. The Nasdaq composite dropped 50 points, or 1 per cent, to 5,051.
OIL SLUMP: Most of the biggest decliners were oil companies as U.S. crude dropped 18 cents, or 0.5 per cent, to $3.53 a barrel. That’s the lowest price since early 2009. Devon Energy and Kinder Morgan each lost about 4 per cent. Southwestern Energy fell 5 per cent.
REDBOX TUMBLE: Outerwall plunged $12.02, or 21 per cent, to $45.91 after lowering its earnings guidance and announcing the head of its movie kiosk division, Redbox, was leaving as rentals fall…
As home sales in Toronto and Vancouver continue to hit record levels, the real estate sector in Canada’s second-largest city remains an outlier, with prices almost $100,000 less than the national average.
Loonie continues towards 11 1/2-year low, TSX and U.S. markets drop again
– canadianbusiness.com
TORONTO – The Canadian dollar and Toronto Stock Exchange continued to fall Tuesday morning.
The loonie was down of more than one-third of a cent and the main TSX index fell more than 100 points.
The S&P/TSX composite index was at 12,896.09, dropping 146.74 points or nearly one per cent from Monday’s close. The market fell 315.94 points or 2.4 per cent on Monday.
Canada’s dollar traded at 73.62 cents US — down 0.38 from Monday’s close, after the currency dropped 0.76 cent. The loonie is trading near lows set in late June 2004.
The Dow Jones average of 30 stocks was down 206.87 points at 17,523.64, the broader S&P 500 index fell 20.66 points to 2,056.41 and Nasdaq fell 40.16 points to 5,061.65.
On the commodity markets, the January crude contract was $37.53 per barrel, down 12 cents. The February gold contract fell $2.60 to US$1,072.60 an ounce — and the January contract for natural gas was down two cents at US$2.05.
Note to readers: This is a corrected story…
The loonie was down of more than one-third of a cent and the main TSX index fell more than 100 points.
The S&P/TSX composite index was at 12,896.09, dropping 146.74 points or nearly one per cent from Monday’s close. The market fell 315.94 points or 2.4 per cent on Monday.
Canada’s dollar traded at 73.62 cents US — down 0.38 from Monday’s close, after the currency dropped 0.76 cent. The loonie is trading near lows set in late June 2004.
The Dow Jones average of 30 stocks was down 206.87 points at 17,523.64, the broader S&P 500 index fell 20.66 points to 2,056.41 and Nasdaq fell 40.16 points to 5,061.65.
On the commodity markets, the January crude contract was $37.53 per barrel, down 12 cents. The February gold contract fell $2.60 to US$1,072.60 an ounce — and the January contract for natural gas was down two cents at US$2.05.
Note to readers: This is a corrected story…
2016 tax rates, TFSA limits changed. Now what?
– moneysense.ca
OTTAWA – High-income Canadians looking to minimize their federal income tax should look at taking any bonuses they may be due or big capital gains this year to avoid paying more when Ottawa’s new top rate kicks in next year.
Tax experts say if you are lucky enough to find yourself in Ottawa’s new top bracket — those earning $200,000 or more — you shouldn’t defer any income that you can take this year because you’ll pay more if you do.
Mariska Loeppky, director of tax and estate planning at Investors Group, said if you’re in the top bracket you can save yourself four per cent in federal tax for every dollar you can push into 2015 compared with 2016.
“In a high-income tax rate environment you’re going to want to look at all the things that can help you save tax,” she said.
Loeppky also suggested people may also want to defer claiming this year’s RRSP contribution until the 2016 tax year to maximize the benefit. She estimated that those in the top bracket could save $800 by deferring the deduction on a $20,000 contribution…
Tax experts say if you are lucky enough to find yourself in Ottawa’s new top bracket — those earning $200,000 or more — you shouldn’t defer any income that you can take this year because you’ll pay more if you do.
Mariska Loeppky, director of tax and estate planning at Investors Group, said if you’re in the top bracket you can save yourself four per cent in federal tax for every dollar you can push into 2015 compared with 2016.
“In a high-income tax rate environment you’re going to want to look at all the things that can help you save tax,” she said.
Loeppky also suggested people may also want to defer claiming this year’s RRSP contribution until the 2016 tax year to maximize the benefit. She estimated that those in the top bracket could save $800 by deferring the deduction on a $20,000 contribution…
