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
Kathleen Wynne’s re-election bid is off to a bad start + MORE Mar 28th
As a rule, voters love to be bribed with their own money. However, I am cautiously pessimistic that this maxim is not going to work for the Ontario Liberals.
The election is only three months away and Premier Kathleen Wynne—deeply unpopular and behind in the polls—is handing out multi-billion do.... More »
It’s complicated: The trouble with GoldenTree’s Postmedia sale + MORE Mar 15th
Search for a buyer may face additional hurdles due to Postmedia’s share structure, which was designed to fit within Canada’s rules around foreign ownership of media assets
.... More »
Making sense of the markets this week: December 25, 2022 Dec 23rd
This week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The round-up of returns for the year
Let’s start with a look at asset returns for 2022. Courtesy of our favourite economic tweeter Liz Sonders of Charles S.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks Aug 9th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
How do credit card payment deferrals work during COVID-19? Apr 17th
If you’re dreading your credit card bill, you’re not alone. According to the Bank of Canada, 30% of us carry a balance from month to month, accruing interest, on average, at an eye-watering 19.99%. Simply put, we’re in the red, with an average of $23,800 per Canadian owing on credit cards, lin.... More »
HONG KONG – Hong Kong’s leader has claimed that “external forces” are participating in student-led pro-democracy protests that have occupied parts of this financial capital for more than three weeks, but provided no evidence to back his accusation.
Chief Executive Leung Chun-ying’s statement in a televised interview Sunday was the first time he has alleged foreign involvement in the unrest, echoing accusations by China’s central government, which also has not backed them with any evidence. Leung’s statement comes just before his government is scheduled to hold talks with student leaders on Tuesday.
When asked on the “Newsline” program about a Chinese official’s comments on outside involvement, Leung said, “There is obviously participation by people, organizations from outside of Hong Kong.” Leung added that the foreign actors came from “different countries in different parts of the world,” but didn’t specify which countries…
Chief Executive Leung Chun-ying’s statement in a televised interview Sunday was the first time he has alleged foreign involvement in the unrest, echoing accusations by China’s central government, which also has not backed them with any evidence. Leung’s statement comes just before his government is scheduled to hold talks with student leaders on Tuesday.
When asked on the “Newsline” program about a Chinese official’s comments on outside involvement, Leung said, “There is obviously participation by people, organizations from outside of Hong Kong.” Leung added that the foreign actors came from “different countries in different parts of the world,” but didn’t specify which countries…
Carrick on money: Condo boom rolls on as buildings fall apart
– theglobeandmail.com
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
60 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
Three Reasons to Ignore Market Downturns
– CanadianCouchPotato.com
“Long-term investors shouldn’t worry about daily or weekly blips in the markets.” How many times have you heard that? It’s true of course, but most investors don’t heed the advice. And to be fair, it’s hard to ignore the financial markets when there’s non-stop commentary in the news and on social media.
Since markets began falling early last month—the S&P/TSX Composite Index shed more than 11% in the six weeks following September 3—some investors are starting to get spooked. As one wrote to me recently: “A word of encouragement would be appreciated for those of us who recently began the Couch Potato plan and are now seeing our ETFs going down.”
Words of encouragement are helpful, but “don’t worry, be happy,” doesn’t cut it. So here are three specific reasons why a falling stock market shouldn’t shake your confidence in a balanced index portfolio.
1. Downturns are ridiculously normal. A reasonable expected rate of return for a global equity portfolio might be about 7% to 8%…
Since markets began falling early last month—the S&P/TSX Composite Index shed more than 11% in the six weeks following September 3—some investors are starting to get spooked. As one wrote to me recently: “A word of encouragement would be appreciated for those of us who recently began the Couch Potato plan and are now seeing our ETFs going down.”
Words of encouragement are helpful, but “don’t worry, be happy,” doesn’t cut it. So here are three specific reasons why a falling stock market shouldn’t shake your confidence in a balanced index portfolio.
1. Downturns are ridiculously normal. A reasonable expected rate of return for a global equity portfolio might be about 7% to 8%…
Strategists warn of “the coming energy recession”
– macleans.ca
Top of the MorningIn the wake of the Bank of Canada’s decision to remove forward guidance, the Financial Post’s Terence Corcoran discusses how the central bank has evolved under the leadership of Stephen Poloz:
Meet the Bank of Canada — a humble institution that, under governor Stephen Poloz, is becoming a decidedly human-scale institution with specific and limited established objectives.
Canada never joined the great global experiment in economic stimulus via quantitative easing. And under Mr. Poloz, the Bank of Canada has moved to an even tighter focus on its core objective, maintaining stable prices without pretending to be a national economic saviour…
[Former Bank of Canada Governor David] Dodge says Mr. Poloz appears to be highlighting a shift in the belief that “monetary policy was everything, and the maestro was the head of the central bank.” Fiscal and regulatory policy had little role to play. “Maybe we’ve been putting a little too much stock in what can be done through monetary policy…
