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
Can an estate contribute to an RESP account? Dec 20th
Can money left in a will to be put in a trust fund for a child under 18 be put into an RESP?—Paula
Using a trust to contribute to an RESP
A registered education savings plan (RESP) is a great way to save for post-secondary education. RESP contributions of up to $2,500 per year attract a 20% .... More »
The best rewards credit cards in Canada for 2025 Nov 10th
With the right rewards credit card, you can earn points to put towards cash back, travel, financial products, merchandise, gift cards, and even charitable donations. The key to finding the best rewards card is to select one that matches your spending habits and your reward goals.
Below, we .... More »
After years in limbo, Michael Jackson’s former home Neverland is on sale for $100 million + MORE May 29th
LOS ANGELES, Calif. – Neverland Ranch is up for sale.
The California property that once served as Michael Jackson’s home and personal fantasyland is being listed at $100 million, according to the Wall Street Journal.
The 2,700-acre ranch in Santa Ynez Valley features such amenities as a .... More »
Who’s afraid of big, bad debt? Nov 21st
While intergenerational debate continues over who’s had the toughest time, financially speaking, Manulife Bank has just released the results of a survey that looks at Canadians’ attitudes towards debt. Of the 2,000 or so people surveyed, 94% believe “the average Canadian household is in too mu.... More »
Who reports capital gains if a stock is owned jointly? + MORE Apr 8th
Q. My question is regarding stock capital gains, specifically in a joint account with my wife at TD Waterhouse. We had a capital gain of $30,000 this year in our non-registered account. At 50% each, our capital gain for tax purposes is $15,000. Do we each have to report a gain of $7,500? Or, does.... More »
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
Business Highlights
– canadianbusiness.com
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Dow, S&P 500 push further into record territory
U.S. stocks capped a week that already had several record highs by delivering a couple more.
The Dow Jones industrial average and Standard & Poor’s 500 index carved out all-time highs on Friday, extending the market’s gains for the week. It was the third record close for the Dow in the week and the fourth for the S&P 500.
The latest records extended a comeback in the S&P 500, which has increased 11 per cent since plunging in mid-October.
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China unexpectedly cuts rates to support economy
BEIJING (AP) — China’s central bank unexpectedly slashed interest rates on Friday to re-energize the world’s No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. On top of the rate cut, Chinese authorities promised to inject credit into the financial system if needed.
The slowdown in global growth is becoming an increasing concern for policymakers…
Dow, S&P 500 push further into record territory
U.S. stocks capped a week that already had several record highs by delivering a couple more.
The Dow Jones industrial average and Standard & Poor’s 500 index carved out all-time highs on Friday, extending the market’s gains for the week. It was the third record close for the Dow in the week and the fourth for the S&P 500.
The latest records extended a comeback in the S&P 500, which has increased 11 per cent since plunging in mid-October.
___
China unexpectedly cuts rates to support economy
BEIJING (AP) — China’s central bank unexpectedly slashed interest rates on Friday to re-energize the world’s No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. On top of the rate cut, Chinese authorities promised to inject credit into the financial system if needed.
The slowdown in global growth is becoming an increasing concern for policymakers…
China, Europe face slowdown, while inflation ticks up in North America
– theglobeandmail.com
Policy moves send stock markets higher on hopes central bank stimulus will stabilize and revitalize two of the world’s key economic engines
MoneySense wins award for best media website
– moneysense.ca
MoneySense was honoured with a gold for best media website at the Canadian Online Publishing Awards in Toronto on Thursday evening.The award is presented to the Canadian media website “that best serves its target audience through content, design, navigation and overall reader experience.” Other finalists competing for best website in the red “consumer niche” division included Canadian Living, which won silver, BCLiving, Toronto Life, and OpenCanada.org.
“I’m thrilled with the award because MoneySense is all about connecting with our readers through a variety of platforms,” said MoneySense editor-in-chief Duncan Hood. “We’re finding the web is an excellent medium for helping Canadians across the country achieve financial success.”
“Our goal online is to help readers find reliable answers to their financial questions as well as introduce them to saving, investing and debt-reduction strategies they hadn’t necessarily considered before,” said MoneySense senior editor Stefania Di Verdi…
Nov. 21: On financial literacy programs – and other letters to the ROB editor
– theglobeandmail.com
Letters to the Editor should be exclusive to The Globe and Mail. Include your name, address and daytime phone number. Try to keep letters under 150 words. Letters may be edited for length and clarity. E-mail: letters@globeandmail.com
