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
Toronto and area home sales dip 39.5 per cent in March compared to year prior + MORE Apr 4th
TORONTO _ Canada’s largest real estate board said Greater Toronto Area home sales in March were down 39.5 per cent from a frenzied pace last year, as the market continued to feel the effects of cooling measures introduced at both the provincial and federal levels.
Both sales and price figures .... More »
Trump administration sets meetings with oil companies over Venezuela, source says - Reuters + MORE Jan 5th
Trump administration sets meetings with oil companies over Venezuela, source says ReutersOpinion: Guns and oil: Trump’s global power with Venezuela’s reserves at his side will be formidable The Globe and MailTrump’s plan to seize and revitalize Venezuela’s oil industry .... More »
Mark Carney tells U.S. investors Canada 'can help make America great again' May 28th
The prime minister urged New York investors and the American administration to see Canada as a trusted ally and safe haven for investment..... More »
Rogers doubles financial award for Writers’ Trust Fiction prize + MORE Sep 26th
(iStock)
This morning the Writers’ Trust of Canada and Rogers Communications announced that the telecommunications and media giant was doubling its annual financial commitment to the Rogers Writers’ Trust Fiction Prize, one of the country’s three major national literary awards. This year’s w.... More »
Do inflation-linked bonds make sense in an era of rising interest rates? + MORE Feb 24th
For a long time, inflation-linked bonds like TIPs (Treasury Inflation-Protected Securities) in the U.S. or Government of Canada Real Return Bonds (RRBs) seemed like valid alternatives to nominal bonds for inflationary environments. If inflation ticks above certain levels, such bonds—or exchange-tr.... More »
Shares in Valeant Pharmaceuticals International shot higher Tuesday after senior executives said the company has made significant progress towards resolving the many legal and financial issues that have beset the company for nearly two years.
With recent price declines in hot markets, there’s been talk about a real estate slowdown. But, so far, it’s hardly something for prospective buyers to get excited about.
Fake news? You ain’t seen nothing yet.
– macleans.ca
Former Secretary of State Hillary Clinton discusses her new book, ‘Hard Choices: A Memoir,’ at the Lisner Auditorium on the campus of George Washington University June 13, 2014 in Washington, DC. (Chip Somodevilla/Getty Images)I have lived and worked in several countries that struggle with conflict, poverty and corruption. The experience has convinced me that among more prosperous and peaceful nations like ours, two of the most valuable assets are trust and truth. Everything depends on citizens believing that people, companies, the media and politicians rarely lie, and as a result, they can be trusted.
This is the bedrock that supports every single part of our society. The babysitter tells you she has a child care certificate, so you trust her to look after your children. The bank says it will pay you four per cent interest, so you give them your money. It applies to everything.
Truth and trust are two sides of the same coin, and it’s currency that underwrites our markets, communities and even politics…
Why investors need to be ruthlessly pessimistic about their returns
– theglobeandmail.com
A look at the latest update of investment return guidelines for financial planners
Paying down an income property
– moneysense.ca
Q: My husband and I are teachers and we will be retired and collecting pensions in approximately 8 – 10 years. We have been mortgage-free since 2008, have RSPs, some TFSAs and we are approaching maximum contributions allowed in our children’s RESPs.
In 2015, we purchased an investment property. I’m wondering whether it would be wise to cash in our RSPs and use the after-tax amounts to pay down the mortgage on our investment property, which is substantial right now (and I’m concerned about interest rates going up).
I’m also starting to wonder whether we’ll be making too much money in our retirement and therefore will likely be paying a lot in tax for our RSP withdrawals. I stopped contributing years ago for this reason (my husband still does). We could use that RSP money right now, not in the future. We’ll also be inheriting two other properties from my parents in the coming years so we’ll also have those two rentals bringing in income for us as well. Any suggestions on what we could do?
—Rosey
A: Before you consider shifting assets to pay down your current mortgage do some analysis on your current investment property…
