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.
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Dating dilemma: When to talk about finances + MORE Mar 15th

When it comes to popular first-date conversation topics, credit scores and debt levels aren’t at the top of the list. Even committed couples may find it hard to broach financial topics like retirement planning or estate planning. But as the cost of living goes up and people try to plan for the fut.... More »
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Tesla Stock Jumped 22%. What Market History Says Happens Next. - Barron's + MORE Oct 25th

Tesla Stock Jumped 22%. What Market History Says Happens Next.  Barron'sTesla Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag  Yahoo FinanceStock market today: Wall Street holds steadier as Tesla surges  Times ColonistTesla Stock: Margins Bounce Back F.... More »

Who pays tax on cash gifts in Canada? Mar 19th

Ask MoneySense Is there a tax on cash gifts to children in Ontario? —Virginia Tax on gifts and loans to children in Canada When you give cash to a child, Virginia, there are generally no tax implications for the recipient. They do not have to worry about paying tax on it, no matter where.... 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 »

Markets slide as Trump's tariff war escalates - BBC.com Feb 3rd

Markets slide as Trump's tariff war escalates  BBC.comForbes Daily: Markets Brace As Trump Triggers Trade War Among Allies  ForbesMarkets in Asia, Europe slide as Trump starts wielding tariffs  The Washington PostStocks tumble and dollar surges as Trump unleashes trade .... 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…

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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.

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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…

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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.

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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.

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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.

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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.

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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 »

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