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
Changes to the MLS® Home Price Index - Toronto Real Estate Board Jun 1st
Changes to the MLS® Home Price Index Toronto Real Estate Board.... More »
Making sense of the markets this week: December 4, 2022 + MORE Dec 3rd
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
What a week—the wrap
It’s rate-hike hiatus déjà-vu all over again. In a replay from my column last week, the U.S. Federal Reserve Chairperson Jerome Powell.... More »
Microsoft paying $7.5B US for GitHub + MORE Jun 4th
Microsoft says it's paying $7.5 billion US in stock for the popular GitHub, a platform where software developers can go to host and review each other's code..... More »
Individual vs. joint investment accounts: What every couple should know Oct 16th
Losing a spouse is devastating. Losing access to the family’s savings on top of that? Heartbreaking—and more common than many Canadians realize. Imagine waking up after your partner passes away, only to discover that a $400,000 investment account is frozen. Months drag on while the courts approv.... More »
Paying yourself first Oct 28th
There is perhaps no single piece of financial advice more frequently repeated than “pay yourself first.” And with good reason. It’s tough to grow savings if you prioritize all your spending needs and wants ahead of putting money away. While some of us fully intend to stash whatever is left at .... More »
Ontario Liberals are illegally keeping information from their own government budget watchdog, he says – National Post
– news.google.ca
National PostOntario Liberals are illegally keeping information from their own government budget watchdog, he saysNational PostOntario's ministries are keeping information from the government's own financial accountability officer that he needs to do his job, he said Tuesday morning. Stephen LeClair has been in the job just over a year, doing a similar thing in Ontario as the …Financial accountability officer says Ontario Liberals block his access to infoCanadianBusiness.comall 4 news articles »
Sherritt seeks extension on $720-million in debt to weather downturn
– theglobeandmail.com
Company says a three-year delay would treat all noteholders fairly and provide greater financial stability as it weathers a period of weak commodity prices
CPPIB buys into round of bonds secured by Romanian real estate
– theglobeandmail.com
Pension plan has committed $218-million
California pension fund CEO to be sentenced for bribery
– canadianbusiness.com
SAN FRANCISCO – Federal prosecutors want the former head of the nation’s largest public pension fund sent to prison for four years after he acknowledged accepting more than $200,000 in bribes and trying to steer investments to help an associate.
A judge on Tuesday in San Francisco was expected to sentence Federico Buenrostro, former chief executive of the California Public Employees’ Retirement System. He pleaded guilty to fraud and bribery charges two years ago, saying he started taking bribes around 2005 to try to get staff members to make investment decisions that helped Alfred Villalobos, an investment manager and former board member of the pension fund.
Buenrostro said he accepted cash, a trip around the world and allowed Villalobos to pay for his wedding in Lake Tahoe, California. Villalobos killed himself last year, weeks before he was set to go on trial. He had pleaded not guilty to fraud charges.
Buenrostro’s guilty plea came out of a yearslong investigation into the role of money-management firm middlemen, called placement agents, in helping clients win investment business from the pension fund…
A judge on Tuesday in San Francisco was expected to sentence Federico Buenrostro, former chief executive of the California Public Employees’ Retirement System. He pleaded guilty to fraud and bribery charges two years ago, saying he started taking bribes around 2005 to try to get staff members to make investment decisions that helped Alfred Villalobos, an investment manager and former board member of the pension fund.
Buenrostro said he accepted cash, a trip around the world and allowed Villalobos to pay for his wedding in Lake Tahoe, California. Villalobos killed himself last year, weeks before he was set to go on trial. He had pleaded not guilty to fraud charges.
Buenrostro’s guilty plea came out of a yearslong investigation into the role of money-management firm middlemen, called placement agents, in helping clients win investment business from the pension fund…
US home prices rise in March as spring buying season begins
– canadianbusiness.com
WASHINGTON – U.S. home prices kept climbing in March as the spring home buying season began, but so far the higher costs haven’t thwarted sales.
The Standard & Poor’s/Case-Shiller 20-city home price index increased 5.4 per cent in March compared with a year earlier, according to a report released Tuesday. That is the same annual gain as in February.
Solid job growth, modest increases in wages and salaries, and low mortgage rates are fueling Americans’ willingness to buy homes. Yet there is also a limited supply of homes on the market, which pushes up prices.
David Blitzer, chairman of the S&P index committee, said the number of homes on the market is equal to less than 2 per cent U.S. households, the lowest percentage since the mid-1980s.
The number of available homes fell 3.6 per cent in April, according to the National Association of Realtors.
“It remains a tough home buying season for buyers, with little inventory available among lower-priced homes,” Svenja Gudell, chief economist at real estate data firm Zillow…
The Standard & Poor’s/Case-Shiller 20-city home price index increased 5.4 per cent in March compared with a year earlier, according to a report released Tuesday. That is the same annual gain as in February.
Solid job growth, modest increases in wages and salaries, and low mortgage rates are fueling Americans’ willingness to buy homes. Yet there is also a limited supply of homes on the market, which pushes up prices.
David Blitzer, chairman of the S&P index committee, said the number of homes on the market is equal to less than 2 per cent U.S. households, the lowest percentage since the mid-1980s.
The number of available homes fell 3.6 per cent in April, according to the National Association of Realtors.
“It remains a tough home buying season for buyers, with little inventory available among lower-priced homes,” Svenja Gudell, chief economist at real estate data firm Zillow…
