Making sense of the markets this week: March 3, 2024 + MORE Mar 1st

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

2023 tax credits, due dates and when you can file: Your 2023 income tax return guide Apr 9th

You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns.&nbs.... More »

Former Trump executive Allen Weisselberg sentenced to 5 months in jail for lying in civil fraud case - World News - Castanet.net Apr 10th

Former Trump executive Allen Weisselberg sentenced to 5 months in jail for lying in civil fraud case - World News  Castanet.netTrump's Ex-Finance Chief Is Sentenced to 5 Months in Rikers for Perjury  The New York TimesTrump civil fraud case: Judge fines Trump $354 million, says f.... More »

How to Improve Your Employees’ Financial Wellness Apr 3rd

In today’s challenging economy, Canadians seek ways to stretch their hard-earned dollars and minimize financial strain. But learning how to make the most of every paycheque isn’t always clear or easy, which can cause added stress. Employers can help empower their employees to achieve financial w.... More »
 money market

What new bare trust tax filing rules mean for Canadians + MORE Mar 29th

Wondering if you need to file a trust tax return for a bare trust for your 2023 taxes? No, you don’t, according to the Canada Revenue Agency. The CRA announced on March 28, 2024, that bare trusts are exempt from trust reporting requirements for 2023. However, if you share assets with someone, this.... More »
 financial consultant

Reddit, birthplace of the meme stock, is going public. Here's what to expect - CBC News + MORE Mar 14th

Reddit, birthplace of the meme stock, is going public. Here's what to expect  CBC NewsIPO Edge's Jannarone: Eyes on Reddit as 2024 Tech IPO Bellwether – Schwab TV  Yahoo FinanceCan Reddit Survive Its Own IPO?  WIREDHere's how Reddit plans to price shares when it goes .... More »
Making sense of the markets this week: March 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. And Stephanie Griffiths was an award-winning investor for almost 20 years before returning to her roots in journalism. She is a consulting editor and journalist for MoneySense.

Bank earnings strong despite hikes in provisions

This week, Canada’s Big Five banks (six with National Bank) reported earnings for the three months ending January 31, 2023. All six reported significant increases in provisions for credit losses (PCLs), as homeowners and other borrowers struggled with inflation and the impact of higher interest rates. (Provisions for credit losses represent a bank’s estimate of loans at risk of defaulting. PCLs reduce the bank’s earnings.)

Canadian bank earnings highlights
Here’s how Canadian banks performed in the three months ending January 31, 2024.

Bank of Montreal (BMO/TSX): Adjusted earnings per share of $2…

Continue Reading On moneysense.ca »

Spend

The best rewards credit cards in Canada for 2024
Rewards credit cards help you earn cash back or points, which can be redeemed toward groceries, travel, merchandise, gift cards and more.

Compare now

<script src="https://www.ratehub.ca/scripts/rh-widget-loader.js" rh-aff-id="780" rh-custom-apply-slug="cc-widget-780" rh-initial-reward-type="all" rh-initial-scenario="rewards" rh-title="Top rewards credit cards at a glance" rh-lang="en" rh-frame-title="Ratehub.ca’s credit card comparison tool" rh-widget-key="ProductTableCreditCardScenario" powered by

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers…

Continue Reading On moneysense.ca »

Spend

The best no-fee credit cards in Canada for 2024
From cash back to rewards points (and perks like no foreign transaction fees), here's a list of Canada's best no fee cards.

Compare now

powered by

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

googletag.cmd.push(function() {
var refresh_key = ‘refresh’;
var refresh_value = true.toString();

// Creating all ad sizes
var mapping = googletag.sizeMapping().
addSize([1024, 400], [[970, 90], [728, 90]]).
addSize([980, 400], [728, 90]).
addSize([0, 0], [[320, 50], [300, 50]])…

Continue Reading On moneysense.ca »

Credit Cards

The best travel credit cards in Canada for 2024
From points to perks, a good travel credit card can make your trip more affordable, more comfortable and even more secure.

Compare now

<script src="https://www.ratehub.ca/scripts/rh-widget-loader.js" rh-aff-id="780" rh-lang="en" rh-custom-apply-slug="cc-widget-780" rh-title="Top travel credit cards at a glance" rh-initial-scenario="rewards" rh-frame-title="Ratehub.ca’s credit card comparison tool" rh-widget-key="ProductTableCreditCardScenario" rh-initial-reward-type="travel" powered by

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers…

Continue Reading On moneysense.ca »

Credit Cards

The best cash back credit cards in Canada for 2024
Maximize your spending power by earning cash back on every dollar you spend. We’ve curated a list of Canada’s best cash back cards – from no fee cards to premium perk-filled cards.

Compare now

<script src="https://www.ratehub.ca/scripts/rh-widget-loader.js" rh-aff-id="780" rh-initial-scenario="rewards" rh-title="Top cash back credit cards at a glance" rh-frame-title="Ratehub.ca’s credit card comparison tool" rh-widget-key="ProductTableCreditCardScenario" rh-initial-reward-type="cash-back" powered by

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!