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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The best GIC rates in Canada for 2025 + MORE Oct 6th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The Wealthy Barber says Canadians face more opportunities—for profit and peril Dec 9th
David Chilton was down on his luck. In 1988, the aspiring author decided to cash in his RRSP and self-publish a book about a savvy barber who dispenses financial advice—like not to cash in your RRSP—to curious, wisecracking customers. “The one time I was struggling—badly—in finance was whe.... More »
A Wave of Start-ups Are Disrupting the $2-Billion Funeral Industry Feb 23rd
Like many tech-savvy Millennials, Mallory Greene always knew she wanted to launch her own start-up. She mulled over ideas and options while building up her resumé at the investment company Wealthsimple, where she was the head of corporate social responsibility. For several years, she just had no id.... More »
5 smart strategies for renewing your mortgage + MORE Mar 24th
Owning a home has plenty of benefits, but it’s not without challenges. Over one million mortgages in Canada are set to renew in the next few years, and many home owners will be faced with higher interest rates. If you’re in this situation, you may feel squeezed in two ways: a higher interest rat.... More »
Is the Liquidation Business Profitable? Apr 2nd
Starting a liquidation company can be an extremely profitable business venture if done right. That’s because you are purchasing items at a low price and then reselling these goods to consumers for a discount. Customers will swarm to your store because you sell high-quality merchandise at affor.... More »
Millennials, more jobs and high-end buildings will push average US rent higher
– canadianbusiness.com
LOS ANGELES, Calif. – Living in an apartment? Expect your rent to go up again.
Renting has gotten increasingly expensive over the last five years. The average U.S. rent has climbed 14 per cent to $1,124 since 2010, according to commercial property tracker Reis Inc. That’s four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period.
Now, even with a surge in apartment construction, rents are projected to rise yet another 3.3 per cent this year, to an average $1,161, according to Reis. While that’s slower than last year’s 3.6 per cent increase, the broader upward trend isn’t going away.
“The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they’re still going to go up,” says Hessam Nadji, chief strategy officer at Marcus & Millichap, a commercial real estate services firm.
The main reason: More people than ever are apartment hunting.
Young people who have been living with their parents are increasingly finding jobs and moving out…
Renting has gotten increasingly expensive over the last five years. The average U.S. rent has climbed 14 per cent to $1,124 since 2010, according to commercial property tracker Reis Inc. That’s four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period.
Now, even with a surge in apartment construction, rents are projected to rise yet another 3.3 per cent this year, to an average $1,161, according to Reis. While that’s slower than last year’s 3.6 per cent increase, the broader upward trend isn’t going away.
“The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they’re still going to go up,” says Hessam Nadji, chief strategy officer at Marcus & Millichap, a commercial real estate services firm.
The main reason: More people than ever are apartment hunting.
Young people who have been living with their parents are increasingly finding jobs and moving out…
Artists of the Cirque du Soleil perform during the show “Quidam” at the Meo Arena pavilion in Lisbon, Portugal Thursday, Dec. 18, 2014. (Francisco Seco/AP)Anyone who has watched a Cirque du Soleil show has marvelled at the way its performers appear to defy the laws of physics. But the Quebec government’s early response to the possible sale of the Cirque to a pair of U.S. and Chinese investment firms has to be regarded as a remarkable feat in its own right. Because in saying Thursday that his government would not intervene “in a private transaction,” Quebec Premier Philippe Couillard has pushed back against an inexorable force as powerful as gravity itself—the compulsion of Quebec politicians to stick their fussy noses into private business matters.
At this point, no deal has been signed. But the details floating around are quite precise, even if the final dollar figure has yet to be revealed. (Likely more than $1.5 billion, but certainly less than the $2 billion Cirque’s founder Guy Laliberté was hoping for when he hired Goldman Sachs last year to find a buyer…
Bay Street prepares for Hydro One IPO
– theglobeandmail.com
Ed Clark says province will rein in fees for dealers from stock sale of power utility
Learn, save, invest and prosper by subscribing to My Own Advisor.Welcome to another Weekend Reading edition friends. I started putting this edition together last night and then abandoned it, just before the big #SensvsHabs game where I watched P.K. Subban take batting practice to Mark Stone’s hands.
I jumped off my couch when that happened – there should have been a suspension. Hopefully Stone can play in Game #2 and the Sens can get some sort of payback for Subban’s antics including a win.
Back to the personal finance stuff folks, earlier this week I wrote about adopting Prosci’s ADKAR model for financial change and I recommended some rules to follow after the personal finance golden rule.
#GoSensGo and we’ll see you here again next week. Enjoy the NHL playoffs hockey fans!
Here’s a very conservative ETF portfolio for retirees from Morningstar. Equities make up just 20% using XIC and VUS.
Boomer & Echo wrote about Deferred Sales Charges (DSCs)…
Modi assures business leaders New Delhi’s cutting bureaucracy
– theglobeandmail.com
Indian PM seeks to convince business execs his government is trimming bureaucracy and that it has taken steps to lighten the investment climate
