Netflix says subscribers spend two hours a day on the platform – The Verge + MORE Oct 17th

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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Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings - The Globe and Mail + MORE Dec 4th

Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings  The Globe and MailRBC reports Q4 profit rose to $4.2B despite softening Canadian economy  BNN BloombergRoyal Bank of Canada reports $4.22-billion Q4 profit, raises quar.... More »
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How will the outcome of the U.S. election affect financial markets? + MORE Nov 1st

Whichever candidate wins the U.S. president election next Tuesday, experts say investors will be relieved to shed some uncertainty over what kinds of policies to expect.  But macroeconomic factors like interest rate cuts and geopolitical tensions will be far bigger influences on markets in t.... More »

The best high-interest savings accounts in Canada for 2024 + MORE Dec 2nd

Savings comparison tool Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »

Find the best mortgage rates in Canada Oct 22nd

Mortgage rate comparison tool Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
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Know your TFSA contribution limit + MORE Nov 30th

For Canadian investors and savers, it’s always some of the best news to come each year: new TFSA room that becomes available each January 1. For 2025, the TFSA contribution limit is $7,000 (the same amount in 2024). The actual TFSA yearly limit was set at $5,000 back in 2009 when the investmen.... More »
Netflix says subscribers spend two hours a day on the platform  The VergeNetflix to double profits after adding millions of subscribers in three months  The GuardianNetflix earnings, subscriber growth top estimates as investors eye potential price hikes  Yahoo FinanceNetflix Beats Analysts Thanks to Password Sharing Crackdown, Lower-Price Option  BloombergNetflix hikes prices in some countries as growth fades  BBC.com

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After what has been a sluggish summer, home buying demand started to pick back up in September—and lower mortgage rates are largely the cause.

A total of three rate cuts passed down from the Bank of Canada since June have cumulatively lowered the cost of borrowing for Canadians by 75 basis points, from 5% to 4.25%, offering home buyers some much-needed relief in terms of affordability.

This is according to the latest affordability report compiled by Ratehub.ca, which crunches the minimum annual income required to buy an average home in some of Canada’s major cities. (Ratehub Inc. owns both Ratehub.ca and MoneySense.) The report is based on September 2024 and August 2024 real estate data reported by the Canadian Real Estate Association (CREA). It illustrates how changing mortgage rates, stress test rates and real estate prices are impacting the income needed to buy a home. 

The September edition (updated monthly, so bookmark this page) shows the required income lowered in 11 of the 13 housing markets studied, as the average five-year fixed mortgage rate dropped to 5…

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