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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Financing Basics for First Time Rental Property Owners Nov 5th
Investing in real estate can be a profitable venture for many investors, assuming the capital can be raised to purchase a rental property. If you think real estate investing is the right choice for you, but financing your property is preventing you from jumping in, here are a few options to help you.... More »
90 days - 1.75% + MORE Aug 15th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
Seasonal stock market indicators flashing warnings to investors Jan 9th
Investors saw results this week from three seasonal indicators about the year ahead, and all are negative. One indicator had the worst five trading days to start a year since 1930..... More »
The best GIC rates in Canada for 2026 Jun 1st
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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Business Highlights + MORE Sep 30th
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School spending by affluent is widening wealth gap
WASHINGTON (AP) — Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they’ll count the ways:
Preschool can lift children from poverty. Top high schools prepare students for .... More »
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,261.64, up 65.33 points):
Torex Gold Resources Inc. (TSX:TXG). Miner. Unchanged at $1.51 on 8.2 million shares.
Coro Mining Corp. (TSX:COP). Miner. Unchanged at six cents on 5.8 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up two cents, or 0.52 per cent, to $3.84 on 3.5 million shares.
Ram Power, Corp. (TSX:RPG). Utilities. Down 0.5 of a cent, or 25 per cent, to 1.5 cents on 2.9 million shares.
Manulife Financial Corp. (TSX:MFC). Life insurance. Down nine cents, or 0.41 per cent, to $21.73 on 2.7 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Up seven cents, or 0.87 per cent, to $8.15 on 2.6 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 31 cents, or 0.54 per cent, to $57.22 on 773,970 shares. The Montreal-based engineering and construction giant says its $2.1-billion cash takeover offer for Kentz Corp. Ltd…
Toronto Stock Exchange (15,261.64, up 65.33 points):
Torex Gold Resources Inc. (TSX:TXG). Miner. Unchanged at $1.51 on 8.2 million shares.
Coro Mining Corp. (TSX:COP). Miner. Unchanged at six cents on 5.8 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up two cents, or 0.52 per cent, to $3.84 on 3.5 million shares.
Ram Power, Corp. (TSX:RPG). Utilities. Down 0.5 of a cent, or 25 per cent, to 1.5 cents on 2.9 million shares.
Manulife Financial Corp. (TSX:MFC). Life insurance. Down nine cents, or 0.41 per cent, to $21.73 on 2.7 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Up seven cents, or 0.87 per cent, to $8.15 on 2.6 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 31 cents, or 0.54 per cent, to $57.22 on 773,970 shares. The Montreal-based engineering and construction giant says its $2.1-billion cash takeover offer for Kentz Corp. Ltd…
Canadians’ net worth up 8%
– moneysense.ca
TORONTO – Canadians’ fortunes appear to be in good shape, with their net worth up nearly eight per cent on higher real estate and investment values.
That’s according to data from Environics Analytics, which found that the average net worth per household last year grew by 7.7 per cent to $442,130.
Consumer debt was flat and real estate performed more predictably compared with recent years — increasing six per cent over 2012.
That suggests that although many Canadians still face higher-than-normal unemployment, they are bouncing back strongly from the 2008 economic downturn, Environics said.
Nationwide, the new data indicate that stock portfolios are growing, savings are on the rise and mortgage debt has ticked up only modestly.
The report includes 121 financial and investment statistics from a variety of sources, including the Bank of Canada and Statistics Canada.
That’s according to data from Environics Analytics, which found that the average net worth per household last year grew by 7.7 per cent to $442,130.
Consumer debt was flat and real estate performed more predictably compared with recent years — increasing six per cent over 2012.
That suggests that although many Canadians still face higher-than-normal unemployment, they are bouncing back strongly from the 2008 economic downturn, Environics said.
Nationwide, the new data indicate that stock portfolios are growing, savings are on the rise and mortgage debt has ticked up only modestly.
The report includes 121 financial and investment statistics from a variety of sources, including the Bank of Canada and Statistics Canada.
READ: The stress-free guide to retiring rich »
The post Canadians’ net worth up 8% appeared first on MoneySense.
Kinder Morgan deal: Why investors should be wary
– theglobeandmail.com
Investors should be reminded that Kinder Morgan Inc.’s stock isn’t cheap, trading at 33 times earnings
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
OTTAWA – A tricky rule keeps tripping up thousands of Canadians who make withdrawals from their tax-free savings accounts, and replace the money too early.
Some 54,700 taxpayers got warning packages from the Canada Revenue Agency earlier this year about the problem affecting the 2013 taxation year, and were told they face a penalty.
The number has been dropping steadily from a peak of 103,000 in 2010, but still represents a persistent misunderstanding of TFSA rules even as the agency and financial institutions step up education measures.
The regulations say that account holders can put back the amounts they withdraw from a TFSA only in a later calendar year. Doing so in the same calendar year exposes them to a tax hit for overcontributions, even though they’re only replacing the withdrawn funds.
By the end of 2013, some 10.7 million Canadians had opened a TFSA, a savings vehicle introduced by the Conservative government in 2009 that allows money to grow inside tax-free with no income-tax hit on withdrawal…
Some 54,700 taxpayers got warning packages from the Canada Revenue Agency earlier this year about the problem affecting the 2013 taxation year, and were told they face a penalty.
The number has been dropping steadily from a peak of 103,000 in 2010, but still represents a persistent misunderstanding of TFSA rules even as the agency and financial institutions step up education measures.
The regulations say that account holders can put back the amounts they withdraw from a TFSA only in a later calendar year. Doing so in the same calendar year exposes them to a tax hit for overcontributions, even though they’re only replacing the withdrawn funds.
By the end of 2013, some 10.7 million Canadians had opened a TFSA, a savings vehicle introduced by the Conservative government in 2009 that allows money to grow inside tax-free with no income-tax hit on withdrawal…
