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
Timing the withdrawal of RRSP savings to minimize your tax hit Sep 13th
Q. I’ve been fully retired since 2018, and living only on government pension (QPP, OAS and GIS). I have some RRSP and TFSA investments, and would like some help with determining when I should start withdrawing funds—and whether I will need to pay tax. I’ll be turning 71 in December 202.... More »
How to protect yourself from identity fraud in Canada + MORE May 26th
In 2024, Canadians lost a jaw-dropping $638 million to fraud, according to the Canadian Anti-Fraud Centre (CAFC). That’s already a hefty $60 million more than losses reported the previous year, but the true total is likely much, much higher—experts at the CAFC say that less than 5% of scams are .... More »
Canada begins Storm Fiona cleanup as scale of devastation becomes clear - The Guardian + MORE Sep 28th
Canada begins Storm Fiona cleanup as scale of devastation becomes clear The GuardianN.S. premier blasts telecom companies in wake of Fiona, calls on Ottawa to step in with regulation CBC.caPrime Minister tours storm-hit Newfoundland, pledges $10-million in relief The.... More »
Podcast 21: Larry Swedroe on Investing in Retirement Dec 20th
In my final podcast episode of 2018, I’m joined by Larry Swedroe, who has long been one of my favourite authors on investing and financial planning. Larry and I discuss his latest book, Your Complete Guide to a Successful & Secure Retirement, and we focus on the challenges investors face as th.... More »
Who is Emmanuel Macron and what is his plan for France? + MORE May 4th
Emmanuel Macron, head of the political movement En Marche !, or Onwards !, and candidate for the 2017 French presidential election, gestures to supporters after the first round of 2017 French presidential election in Paris, France, April 23, 2017. REUTERS/Benoit Tessier – RTS13LN5
PARIS – Fr.... More »
Investment options for Canadian expats
– moneysense.ca
Getty ImagesQ: I’m a Canadian expat living and working in South Korea. I’ve been here for 12 years. I’m 40 years of age. What are two or three good Canada-based investment opportunities for someone in my position? I’m thinking of purchasing rental properties in Canada to be run by a property manager, but am keen to find other financial instruments.—Michael
A: First off, Michael, there are different implications for a Canadian expat investing in Canada ranging from ownership restrictions to tax issues. I’ll try to keep this brief, but informative.
Property
A Canadian non-resident can certainly buy a rental property in Canada and can manage it themselves from abroad or have a property manager in Canada. The property manager could find tenants, collect rent, handle repairs and essentially be the landlord, for a fee. Fees typically range from one month’s rent to simply find a tenant to 20% of rent collected for more comprehensive property management. You’d likely benefit from a property manager in your case, Michael…
Shares of home-improvement retailer Home Depot sank on stock markets Tuesday after it confirmed its payment systems could have been hacked as early as April.
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.
West Africa secures $19 billion in infrastructure projects with mostly Arab Gulf companies
– canadianbusiness.com
DUBAI, United Arab Emirates – Eight West African nations agreed Tuesday to $19 billion worth of infrastructure deals, with the lion’s share going toward a massive road and railway project by a company in the United Arab Emirates.
Abu Dhabi’s Trojan General Contracting won the $16 billion project to build roads and railways across Burkina Faso, Mali and Senegal. The company is owned by Royal Group, which is owned by Emirati businessman and Abu Dhabi royal family member Tahnoon bin Zayed Al Nahyan.
UAE companies have been aggressively expanding and investing overseas. The country sees itself as a gateway connecting Africa and the Middle East with Asia, and Asia with Europe. Backed by its oil wealth, the UAE has itself rapidly evolved in just a few decades from a nation of poor fishing villages into the one of the region’s leading investment hubs with modern infrastructure, skyscrapers and mega highways in Abu Dhabi and Dubai.
“Dubai is today the centre of business…
Abu Dhabi’s Trojan General Contracting won the $16 billion project to build roads and railways across Burkina Faso, Mali and Senegal. The company is owned by Royal Group, which is owned by Emirati businessman and Abu Dhabi royal family member Tahnoon bin Zayed Al Nahyan.
UAE companies have been aggressively expanding and investing overseas. The country sees itself as a gateway connecting Africa and the Middle East with Asia, and Asia with Europe. Backed by its oil wealth, the UAE has itself rapidly evolved in just a few decades from a nation of poor fishing villages into the one of the region’s leading investment hubs with modern infrastructure, skyscrapers and mega highways in Abu Dhabi and Dubai.
“Dubai is today the centre of business…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,536.81, up 27.42 points):
Canadian Zinc Corp. (TSX:CZN). Miner. Up 0.5 of a cent, or 1.56 per cent, to 32.5 cents on 10 million shares.
PrairieSky Royalty Ltd. (TSX:PSK). Oil and Gas. Down $1.69, or 4.44 per cent, to $36.40 on 4.9 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down three cents, or 0.37 per cent, to $8.04 on 4.7 million shares.
Sandvine Corp. (TSX:SVC). Hardware. Down 29 cents, or 8.81 per cent, to $3.00 on 4.6 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down three cents, or 1.22 per cent, to $2.43 on 4.1 million shares.
BCE Inc. (TSX:BCE). Telecom. Up 13 cents, or 0.26 per cent, at $49.28 on 2.8 million shares.
Companies reporting major news:
Canadian Tire (TSX:CTC.A). Retail. Up 46 cents, or 0.40 per cent, to $114.37 on 206,185 shares. The company unveiled a program that will let people collect, manage and redeem Canadian Tire money on their smartphone or with a loyalty card in addition to the paper version of the retailer’s currency…
Toronto Stock Exchange (15,536.81, up 27.42 points):
Canadian Zinc Corp. (TSX:CZN). Miner. Up 0.5 of a cent, or 1.56 per cent, to 32.5 cents on 10 million shares.
PrairieSky Royalty Ltd. (TSX:PSK). Oil and Gas. Down $1.69, or 4.44 per cent, to $36.40 on 4.9 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down three cents, or 0.37 per cent, to $8.04 on 4.7 million shares.
Sandvine Corp. (TSX:SVC). Hardware. Down 29 cents, or 8.81 per cent, to $3.00 on 4.6 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down three cents, or 1.22 per cent, to $2.43 on 4.1 million shares.
BCE Inc. (TSX:BCE). Telecom. Up 13 cents, or 0.26 per cent, at $49.28 on 2.8 million shares.
Companies reporting major news:
Canadian Tire (TSX:CTC.A). Retail. Up 46 cents, or 0.40 per cent, to $114.37 on 206,185 shares. The company unveiled a program that will let people collect, manage and redeem Canadian Tire money on their smartphone or with a loyalty card in addition to the paper version of the retailer’s currency…
