Report: Canada, Hong Kong and China most at risk of new financial crisis + MORE Mar 12th

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

Allowance apps are the modern piggy banks and they could really help your kids Nov 29th

Canadian youth get top marks for financial literacy but more than one in ten 15-year-olds struggle with basic financial skills. But new allowance apps can help them manage their chores and allowance..... More »
 financial advisor

Moving this summer? Don’t overlook these costs Jun 18th

There’s more to a real estate transaction than a mortgage..... More »

Scotiabank buys doctors financial services company for $2.5 billion + MORE May 31st

Scotiabank is acquiring MD Financial Management, which provides financial planning, insurance, banking, investment and estate and trust services to Canadian doctors, for $2.5 billion..... More »

Turkish lira pulls back from record low, markets rattled - The Globe and Mail + MORE Aug 13th

The Globe and MailTurkish lira pulls back from record low, markets rattledThe Globe and MailTurkey's lira pulled back from a record low of 7.24 to the U.S. dollar on Monday after the central bank pledged to provide liquidity and cut reserve requirements for Turkish banks, but its meltdown conti.... More »

A shack in Vancouver is selling for $7 million. Here’s what you could buy elsewhere. Mar 21st

In 2015 a shack in Vancouver’s West End made headlines when it sold for nearly $3 million. Just 27 months later, the rundown pile is back on the market and making headlines again, with an asking price of close to $7 million. Barclay Street home in Vancouver’s West End for sale for almos.... More »
TORONTO _ Canadians’ collective household debt has climbed to $1.8 trillion as an international financial group sounds an early warning that the country’s banking system is at risk from rising debt levels.
Equifax Canada says consumers now owe $1.821 trillion including mortgages as of the fourth-quarter of 2017, marking a six per cent increase from a year earlier.
Although nearly half of Canadians reduced their personal liabilities, roughly 37 per cent added to their debt to push the average amount up 3.3 per cent to $22,837 per person, not including mortgages.
The fresh numbers come as an international financial group owned by the world’s central banks says Canada’s credit-to-gross-domestic-product and debt-service ratios show early warning signs of potential risk to the banking system in the coming years.
The latest report by the Bank of International Settlements says Canada’s credit-to-GDP gap and debt-service ratios have surpassed critical thresholds and are signalling red, pointing to vulnerabilities…

Continue Reading On »

Joseph Papa and chief financial officer Paul Herendeen, who both received large upfront equity awards when they were hired in 2016, will instead get smaller annual grants

Continue Reading On »

A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web

Continue Reading On »


Compare insurance quotes through - save time and money!