There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
How improving your financial literacy can help ease stress in a tough economy + MORE May 23rd
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. Best online brokers in Canada fo.... More »
CRA demands payment on scammed federal benefits — from the victim whose account was hacked - CBC.ca May 22nd
CRA demands payment on scammed federal benefits — from the victim whose account was hacked CBC.caToronto hacking victim 'living a financial nightmare' CBC.caView Full Coverage on Google News.... More »
An investor’s guide to ESG reporting in Canada + MORE Apr 20th
If you want to put your money into sustainable or responsible investments, you have more options on the market now than ever. Not only can you find exchange-traded funds (ETFs) and other funds specifically designed with ESG—environmental, social and governance—factors in mind, but individual com.... More »
Women and money: Taking control of your personal finances May 11th
They’re “Mom” to their kids and “boss” to everyone else. Across Canada, women continue to break the glass ceiling in their careers and in business. We’re occupying more board seats at public companies—more than a quarter in 2022, compared to just over 20% in 2020, according to the most.... More »
John and Jill pay just $1,400 a month rent in Toronto. Should they buy a home or keep on saving? May 14th
The home you live in should is not an ‘investment’ says financial expert Jason Heath. So paying such low rent in Toronto, the couple should consider staying put and socking away more cash..... More »
What Does Silicon Valley Bank’s Collapse Mean for Canadians?
The collapse of Silicon Valley Bank, or SVB, earlier this month has been sending shockwaves throughout North America’s tech and banking industries. The lender, based in Santa Clara, Calif., had clients that included start-ups like HR and payment firm Rippling and major tech companies like Roku. It folded in March due to a bank run, making it the second-largest failure of a financial institution in U.S. history.
California regulators closed SVB on March 10 after the bank’s stock plummeted by 60 per cent in a single day, handing control over to the Federal Deposit Insurance Corporation (FDIC). The FDIC said all insured depositors will have full access to their funds, but the bank’s failure is causing anxiety north of the border with companies concerned that something similar could happen in Canada.
Here’s what you need to know about SVB’s collapse and what it means for Canada’s tech and banking sectors.
What caused SVB’s collapse?
The bank’s shutdown was triggered by a combination of rising interest rates, panicked clients and, reportedly, poor oversight and risky behaviour by the lender’s executive team…