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.
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Stock market news for investors: Rogers hopes sports deals will boost share price, National Bank buys PGM Global Holdings Apr 24th
Here’s a round-up of news for Canadian investors this week.
Rogers
National Bank of Canada
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The best high-interest savings accounts in Canada for 2025 + MORE Oct 14th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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6 things to consider before borrowing from the Bank of Mom and Dad for your first home Jul 10th
As homes remain unaffordable to many Canadians, more and more young adults are turning to the Bank of Mom and Dad to help with a down payment or with mortgage payments. A recent CIBC survey showed that 31% of first-time home buyers in Canada received financial help from their parents or a relative, .... More »
Applying for a credit card? Here’s what you should know before getting one + MORE Jul 8th
The convenience of making purchases with your credit card comes with many advantages, like rewards, perks and a solid credit history. However, if used irresponsibly, this financial tool can lead to unmanageable debt and a low credit score. So, how can you be a responsible credit card owner? I will e.... More »
Making sense of the markets this week: February 1, 2021
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. Redditors took on hedge funds—and won!
Not to be outdone, the year 2021 turns to 2020 and says “hold my beer.”
Just when you thought that things couldn’t get any loopier, along comes the story of the week: An army of retail investors organized on Reddit to force hedge funds out of their market positions using trades on GameStop stock (GME).
Here’s the backstory. As you may know, Reddit is an online chat platform with a strong bent to personal finance and investing topics. The topics are organized in forums. One such forum is WallStreetBets, now known as WSB for short. Many members of WSB decided to take on hedge funds that will bet against stocks—it’s calling shorting. When you short a stock you profit when the stock price goes down.
Here’s the shorting process simplified (there’s also a good explanation and graphic in this post):
Borrow stock shares from a broker/dealer…
