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
800-pound gorilla thwarted by Bombardier's savvy move: Don Pittis + MORE Oct 18th
Giving away its prize asset, the CSeries aircraft, is Bombardier's smartest investment in years..... More »
Making sense of the markets this week: April 7, 2024 Apr 5th
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.
Are we in the middle of another Roaring ’20s?
For those who aren’t into history, the Roaring ’20s has been referre.... More »
How much should I have in my RRSP? + MORE Feb 18th
For many Canadians, investing in their registered retirement savings plan (RRSP) is the primary way they save for retirement. RRSPs are an invaluable tool, allowing you to stow away funds for golden years while reducing your taxable income today. However, there is no one-size-fits-all way to use the.... 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 »
Ontario Liberals promise free preschool child care in 2020 Mar 27th
TORONTO — Ontario’s Liberal government says it plans to offer free child care for thousands of preschoolers across the province starting in 2020, a promise that comes as it faces a looming spring election.
Premier Kathleen Wynne, Finance Minister Charles Sousa and Education Minister Indira N.... More »
Greens push to end ‘speculative’ sales of farmland to foreign buyers in B.C.
– canadianbusiness.com
The leader of British Columbia’s Green party wants to see the government ban foreigners from buying farmland in a bid to cool the province’s real estate market.
Andrew Weaver says many non-residents are buying land zoned for agricultural use in Metro Vancouver, but instead of farming they’re building large homes and selling the property for inflated prices.
He says the result is a loss of food security and higher real estate prices in an already overheated market.
Several other provinces, including Alberta, Saskatchewan, Quebec and Prince Edward Island, have measures in place regulating who can purchase farmland.
Weaver says the proposed prohibition would not apply to anyone who pays taxes in Canada, including Canadians living overseas and people in the country on work visas.
Last year the province’s previous Liberal government implemented a 15 per cent tax on foreign buyers purchasing residential real estate in Metro Vancouver, but the levy does not apply to farmland…
Andrew Weaver says many non-residents are buying land zoned for agricultural use in Metro Vancouver, but instead of farming they’re building large homes and selling the property for inflated prices.
He says the result is a loss of food security and higher real estate prices in an already overheated market.
Several other provinces, including Alberta, Saskatchewan, Quebec and Prince Edward Island, have measures in place regulating who can purchase farmland.
Weaver says the proposed prohibition would not apply to anyone who pays taxes in Canada, including Canadians living overseas and people in the country on work visas.
Last year the province’s previous Liberal government implemented a 15 per cent tax on foreign buyers purchasing residential real estate in Metro Vancouver, but the levy does not apply to farmland…
Walmart joins forces with Google on voice activated shopping
– canadianbusiness.com
Walmart is diving into voice-activated shopping. But unlike online leader Amazon, it’s not doing it alone.
The world’s largest retailer said Wednesday it’s working with Google to offer hundreds of thousands of items from laundry detergent to Legos for voice shopping through Google Assistant. The capability will be available in late September.
It’s Google’s biggest retail partnership _ and the most personalized shopping experience it offers _ as it tries to broaden the reach of its voice-activated assistant Home speaker. And it underscores Walmart’s drive to compete in an area dominated by Amazon’s Alexa-powered Echo device.
“Voice shopping is becoming a more important part of everyday shopping behaviour,” said Marc Lore, CEO of Walmart’s U.S. e-commerce business.
The voice-activated devices are becoming more mainstream as they become more accessible. Even Apple has one coming out this year. Walmart has said Google’s investment in natural language processing and artificial intelligence will help make voice-activated shopping more popular…
The world’s largest retailer said Wednesday it’s working with Google to offer hundreds of thousands of items from laundry detergent to Legos for voice shopping through Google Assistant. The capability will be available in late September.
It’s Google’s biggest retail partnership _ and the most personalized shopping experience it offers _ as it tries to broaden the reach of its voice-activated assistant Home speaker. And it underscores Walmart’s drive to compete in an area dominated by Amazon’s Alexa-powered Echo device.
“Voice shopping is becoming a more important part of everyday shopping behaviour,” said Marc Lore, CEO of Walmart’s U.S. e-commerce business.
The voice-activated devices are becoming more mainstream as they become more accessible. Even Apple has one coming out this year. Walmart has said Google’s investment in natural language processing and artificial intelligence will help make voice-activated shopping more popular…
This stock has been a disaster for investors – but could be a gem if you get in now
– theglobeandmail.com
The credit card maker’s stock has been a disaster, and this downward spiral could end in a total wipeout – or remarkable returns
Wealthsimple launches investment portfolio for observant Muslims
– moneysense.ca
Robo-adviser Wealthsimple has launched a new investment portfolio for observant Muslims, a move the company says builds off its success targeting smaller, underserviced groups of investors.
The Toronto-based wealth management firm says its Halal investing portfolio is designed for those adhering to Islamic laws that prohibit investing in certain companies and financial products.
Wealthsimple CEO Michael Katchen hopes the portfolio will resonate with a portion of the public, the same way its socially responsible investment portfolio options launched last year have.
“With socially responsible investing, people thought it was going to be a such a small niche, that it wouldn’t be worth our time, but it turned out to be enormously successful,” Katchen said.
Guide to socially responsible investing
“We now see a third of our clients in socially responsible portfolios. We realized there was an opportunity to create solutions for groups of people that were underserviced in the financial services industry — and in this case, with Muslims who hold certain religious beliefs and really don’t have options when it comes to investments…
The Toronto-based wealth management firm says its Halal investing portfolio is designed for those adhering to Islamic laws that prohibit investing in certain companies and financial products.
Wealthsimple CEO Michael Katchen hopes the portfolio will resonate with a portion of the public, the same way its socially responsible investment portfolio options launched last year have.
“With socially responsible investing, people thought it was going to be a such a small niche, that it wouldn’t be worth our time, but it turned out to be enormously successful,” Katchen said.
Guide to socially responsible investing
“We now see a third of our clients in socially responsible portfolios. We realized there was an opportunity to create solutions for groups of people that were underserviced in the financial services industry — and in this case, with Muslims who hold certain religious beliefs and really don’t have options when it comes to investments…
CPP reform to help lift plan’s assets above $15 trillion by 2090: analysis
– canadianbusiness.com
The upcoming enrichment of the Canada Pension Plan will help fuel a 48-fold boost to the public fund’s assets over the long haul _ to more than $15.8 trillion by 2090, according to federal calculations.
In comparison, the public plan’s investment manager reported $326.5 billion in net assets at the end of the first quarter of 2017-18.
Long-term projections on the evolution of the CPP’s post-reform assets were included in an internal briefing note prepared for federal Finance Minister Bill Morneau earlier this year. The memo referred to numbers published last October by the Office of the Chief Actuary.
The figures accounted for the impact of a CPP deal reached last year between the federal government and the provinces. They agreed to changes that will increase Canadians’ retirement benefits through the public plan by raising contributions as of 2019.
CPP reform was a key goal for Ottawa and provinces like Ontario as a way to provide more financial security for future generations of retirees…
In comparison, the public plan’s investment manager reported $326.5 billion in net assets at the end of the first quarter of 2017-18.
Long-term projections on the evolution of the CPP’s post-reform assets were included in an internal briefing note prepared for federal Finance Minister Bill Morneau earlier this year. The memo referred to numbers published last October by the Office of the Chief Actuary.
The figures accounted for the impact of a CPP deal reached last year between the federal government and the provinces. They agreed to changes that will increase Canadians’ retirement benefits through the public plan by raising contributions as of 2019.
CPP reform was a key goal for Ottawa and provinces like Ontario as a way to provide more financial security for future generations of retirees…
