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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Making sense of the markets this week: July 7, 2024 + MORE Jul 5th
Kyle 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.
Checking in on our 2024 market predictions
As we celebrated Canada Day this past week, the first half of 2024 is of.... More »
Rethinking your approach to TFSA investing in the 2023 Jan 7th
As we begin the new year, it’s natural to start thinking about what the future holds and how we can set ourselves up for financial success in the year ahead. If you’re an investor with a Tax-Free Savings Account (TFSA), you may be wondering how recent changes in the financial landscape w.... More »
RBC earnings: A look at the bank’s Q2 financials + MORE May 31st
Royal Bank of Canada says it’s rewarding shareholders as its second-quarter profit rose from last year and it successfully closed its HSBC Canada acquisition.
The bank said Thursday it will now pay a quarterly dividend of $1.42 per share, an increase of four cents. It also said it plans to buy .... More »
Mission digital: How Coinbase is reshaping Canada’s crypto landscape + MORE Jul 11th
If you don’t follow crypto, you may have missed this news in April: Coinbase became the largest cryptocurrency exchange to be registered as a restricted dealer in Canada, as well as the first international crypto exchange to receive this status.
Coinbase Global Inc., based in the U.S., is a pub.... More »
Manitoba government to hand out cheques to help with rising food, fuel costs - CBC.ca + MORE Jan 26th
Manitoba government to hand out cheques to help with rising food, fuel costs CBC.caManitoba premier announces second round of inflation cheques Global NewsManitoba premier to announce new round of cheques to combat rising cost of living CBC.caSecond round of Manitoba.... More »
Making sense of the markets this week: September 14
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. Tesla snubbed by the S&P 500, and now it’s getting hit on all sides
What a difference a week can make.
In last week’s column, we discussed how Tesla’s valuation was enough to buy six major global automakers. Dan Hallet of Highview Financial Group tweeted:
Source: Twitter
And now? Tesla’s stock was down nearly 35% from last Tuesday, Sept. 1, to Thursday, Sept. 10. In addition, the electric carmaker also created a massive number of new shares, reducing the percentage of ownership of the company for current shareholders. On Sept. 1, Tesla announced plans to sell up to about $5 billion in new shares. That cut the price of each share by one-fifth. On September 8, Tesla announced it had completed that sale.
The electric carmaker is getting hit on all sides. In addition to the valuation fears, it’s soon to face competition: GM has teamed up with Nikola Corporation with a plan to create electric-powered pickup trucks…
10 strategies to help you pay off your credit card
– moneysense.ca
Credit cards have become ubiquitous, used to pay for everything from gas to travel to home delivery. Managed properly, they’re also essential financial tools, allowing cardholders to build credit, earn cash back or travel points, and gain valuable perks, like insurance or purchase protection. Carrying a balance, however, changes everything. “Credit card debt is very high-interest debt, typically in the neighbourhood of 20% or more,” says Scott Hannah, president and CEO of Credit Counselling Society. At that rate, even a modest balance can spiral quickly out of control.
If you’re holding a balance on your credit card, paying it off is task number one, so you can once again enjoy its benefits. Here are 10 solid tips to help you get to a $0 balance, faster.
1. Examine your spending habits
It might seem obvious, but you can’t improve on something if you don’t understand it. “Typically, when someone comes to us looking for help, our first goal is to look at their expenditures and balance their budget,” says Hannah…
If you’re holding a balance on your credit card, paying it off is task number one, so you can once again enjoy its benefits. Here are 10 solid tips to help you get to a $0 balance, faster.
1. Examine your spending habits
It might seem obvious, but you can’t improve on something if you don’t understand it. “Typically, when someone comes to us looking for help, our first goal is to look at their expenditures and balance their budget,” says Hannah…
