Webull Canada Review 2024 + MORE Feb 15th

Many investors buy stocks for the potential growth they offer. Their aim is to buy low and sell high to get a good return on their investment—a capital gain. But there’s another equally important aspect of stock investing for many investors: income from dividends.

What are ETF dividends?

Dividends are a portion of profits that a company shares with its shareholders, typically paid quarterly. Canadian stock markets include many companies that pay a high dividend. The dividend yield is the annual dividend per share divided by the price per share.

Selecting and managing your own dividend stocks can be time-consuming, however. Here’s where Canadian dividend exchange-traded funds (ETFs) enter the scene. They offer investors a diversified stock portfolio, which could include dividend-paying companies, that’s easy to manage. For example, the Fidelity Canadian High Dividend ETF (FCCD) holds 65 dividend-paying stocks, as at Jan. 15, 2024.

There are several varieties of dividend ETFs, including ETFs comprising U…

Webull has arrived in Canada recently. The buzzy stock trading platform, which has 11 million customers around the world, announced on January 2 that it was accepting applications for Canadian accounts. Should you use Webull?

Is Webull available in Canada? 

Yes. Webull Corporation, a popular Cayman Islands-owned and -operated digital brokerage, opened for business in Canada in January 2024. Prospective clients are invited to join a waitlist to set up an account at webull.ca. Like some other financial institutions, Webull uses a waitlist to manage the pace of new client onboarding and avoid glitches. Generally after two business days, you can access the app and website with your account.

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High interest savings account

Earn between 2.5% and 4% interest on your savings. Plus, use the pre-paid card for everyday purchases and free ATM withdrawls.

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Online brokerage

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If you have a mortgage on your home or have been trying to break into the housing market, you’ve probably watched interest rates go up, up, up over the past two years. Both fixed and variable mortgage rates have been higher than any other time in recent memory, leading many new home buyers and existing mortgage holders to choose fixed rates to avoid further increases. These rate hikes have also wreaked havoc for many home owners who locked into variable rate mortgages before rates started climbing, causing their monthly payments to skyrocket. 

It’s been a tough time for home owners (and first-time home buyers), but the Bank of Canada (BoC) has held interest rates steady since July 2023, and the latest economic data is leading experts to suggest that interest rate cuts may be on the horizon. So, what can Canadians expect from interest rates in the months and years ahead, and what does that mean for fixed mortgage rates and variable mortgage rates? We spoke to an economist and a mortgage broker to get a better sense of what’s ahead, and whether a fixed or variable rate is your best option in 2024…