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
Ontario expected to have the worst economic growth in Canada thanks to Trump's tariffs, report says Sep 18th
Despite Premier Doug Ford's battle against the tariffs, demand for Ontario exports has declined as has business investment and hiring..... More »
The best GIC rates in Canada for 2026 + MORE Feb 17th
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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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
U.S. inflation rate cools to 8.2%, but core prices still trending in wrong direction — up - CBC News Oct 13th
U.S. inflation rate cools to 8.2%, but core prices still trending in wrong direction — up CBC NewsNew York Fed Survey Shows Sticky Inflation Expectations The Wall Street JournalInflation declining more slowly than previously anticipated: Fed minutes Yahoo FinanceUS.... More »
How to plan for retirement for Canadians: A review of Four Steps to a Worry-Free Retirement course + MORE Oct 26th
With November incoming and being Financial Literacy Month in Canada, it seems appropriate to devote this edition of the Retired Money column to a new Canadian DIY retirement course created by MoneySense’s “Making sense of the markets” columnist Kyle Prevost.
Entitled 4 Steps to a .... More »
Smart financial decisions small business owners should make now
– canadianbusiness.com
In partnership with Surex
Rule number one of being an entrepreneur: When things get tough, keep going. The COVID-19 pandemic has brought to the surface many worst-case scenarios for small business owners. They’ve lost revenue, laid off staff, and some have even had to close their business permanently. Still, there are ways to ensure the financial future of your business looks bright. Here are some actions you can take right now.
Set up an emergency fund
Saving for unforeseen emergencies isn’t just for personal finances. COVID-19 has shown us the importance of businesses doing it, too. Emergency funds are necessary to cover financial fluctuations in your business, such as a slow period, unexpected tax payments, economic changes, or all of the above. Unfortunately, not all businesses make this a priority. “It’s an afterthought. Businesses don’t consciously maintain an emergency fund because they’re more focused on growth or investment,” says Viren Parmar, financial adviser for the Toronto-based firm Karma Financial…
