There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Say Good-bye to Foot Pain: Kick Your Bunion to the Curb Aug 26th
Few, if any, investments are more important than the investment you make in your health. If you are experiencing aches and pains caused by bunions, it’s time to take action. But first, it’s important to find out if bunions are the true cause of your discomfort. Contact a specialist to find out, .... More »
Making sense of the markets this week: January 21, 2024 Jan 19th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Bitcoin goes mainstream—the exact stream that was supposed to run dry
I remember a few short years ago, bitcoin truthe.... More »
U.S. Commerce Secretary Wilbur Ross denies any wrongdoing in shorting stock Jun 20th
Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company..... More »
U.S. firm makes bid for Cogeco, Rogers to get Canadian assets - CityNews Toronto Sep 2nd
U.S. firm makes bid for Cogeco, Rogers to get Canadian assets CityNews TorontoAltice USA CEO Dexter Goei on the company's $8B bid for Cogeco CNBC TelevisionU.S. cable company makes $10.3B bid for Cogeco, would sell Cdn. assets to Rogers Yahoo Canada FinanceRogers and.... More »
Path to economic recovery filled with risks: Macklem - BNN Oct 8th
Path to economic recovery filled with risks: Macklem BNNCOVID‑19 and the financial system Bank of CanadaPath to recovery littered with debt risks, Bank of Canada governor warns Financial PostMacklem Defends Bank of Canada Policy But Warns of Risks Bloomb.... More »
Canada’s housing market has taken a tumble in the past 12 months, with average selling prices and home sales volumes off sharply in the year up to February, the Canadian Real Estate Association says.
Open a savings account for your toddler
– moneysense.ca
OTTAWA — Omar Abouzaher remembers going to the bank with his daughter so she could make her first deposit into an account that was opened for her when she was just a toddler.
The regional vice-president for the Bank of Montreal’s daughter was four when they took her piggy bank to deposit the coins.
“She’s a banker at heart,” he said.
While RESP accounts can help parents save for a child’s education, opening a savings account for a child can be the first step in teaching basic financial literacy, Abouzaher said.
“I believe sometimes we wait too long until the kids are a bit older and try to cram all this financial information and throw it at them,” he said.
Abouzaher recommends starting with teaching what it means to save and then build on that foundation.
“The older they grow, they’ll understand as well the other components or the other pieces that are maybe a little bit more complex when it comes to understanding debt, understanding what it takes to pay tuition, what it takes to manage your credit,” he said…
The regional vice-president for the Bank of Montreal’s daughter was four when they took her piggy bank to deposit the coins.
“She’s a banker at heart,” he said.
While RESP accounts can help parents save for a child’s education, opening a savings account for a child can be the first step in teaching basic financial literacy, Abouzaher said.
“I believe sometimes we wait too long until the kids are a bit older and try to cram all this financial information and throw it at them,” he said.
Abouzaher recommends starting with teaching what it means to save and then build on that foundation.
“The older they grow, they’ll understand as well the other components or the other pieces that are maybe a little bit more complex when it comes to understanding debt, understanding what it takes to pay tuition, what it takes to manage your credit,” he said…
BMO launches customer service Facebook chatbots
– moneysense.ca
TORONTO —The Bank of Montreal is taking a first step towards artificial-intelligence powered customer service by launching chatbots that can field questions via Facebook Messenger and Twitter.
The deployment of such technology is the latest move by a Canadian bank to beef up its digital capabilities as customers increasingly conduct their banking on mobile phones and computers, rather than over the phone or in a brick-and-mortar branch.
BMO developed the Facebook chatbot in partnership with Vancouver-based Finn.ai and the Twitter one with Toronto-based Massively.
They will only answer customer questions such as how to view their account balances or transfer money, not perform transactions, such as paying a bill, themselves, even though chatbots have the capability and some financial institutions are adopting it already.
BMO is exploring adding further functions to the virtual robots’ repertoire, but is treading slowly to ensure customers’ personal information discussed on platforms outside of their own digital properties is secure, said Brett Pitts, BMO’s chief digital officer…
The deployment of such technology is the latest move by a Canadian bank to beef up its digital capabilities as customers increasingly conduct their banking on mobile phones and computers, rather than over the phone or in a brick-and-mortar branch.
BMO developed the Facebook chatbot in partnership with Vancouver-based Finn.ai and the Twitter one with Toronto-based Massively.
They will only answer customer questions such as how to view their account balances or transfer money, not perform transactions, such as paying a bill, themselves, even though chatbots have the capability and some financial institutions are adopting it already.
BMO is exploring adding further functions to the virtual robots’ repertoire, but is treading slowly to ensure customers’ personal information discussed on platforms outside of their own digital properties is secure, said Brett Pitts, BMO’s chief digital officer…
