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.
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Labour data ‘impressive’ as Canada adds jobs for 10th straight month + MORE Oct 6th
OTTAWA _ The labour market posted a 10th-straight month of net job gains in September to match the economy’s longest monthly streak since the financial crisis almost a decade ago, Statistics Canada said Friday.
The national unemployment rate stayed at a nine-year low of 6.2 per cent after Cana.... More »
George Weston hikes dividend as improvements at Loblaw boost profit + MORE May 9th
Company posts a 189-per-cent increase to its first-quarter profit
.... More »
Where to Buy Real Estate in Canada 2022: Langley, Pitt Meadows and Maple Ridge, B.C. + MORE Jun 4th
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The best bank account should manage itself Jul 17th
Between long hours at work and day-to-day responsibilities at home, finding time to take a break, catch up with friends or even squeeze in a workout requires serious time management skills. So it’s easy to shrug it off if you’re a couple of weeks late on that last Internet bill or get accustomed.... More »
Investment firms fear tech companies getting into their business Dec 16th
What if Amazon distributed financial products or offered its own advice? What if Google bought its own money manager?.... More »
Why Bay Street and Trudeau don’t see eye to eye
– macleans.ca
THE CANADIAN PRESS/Adrien VeczanPrime Minister Justin Trudeau certainly has Bay Street in a tizzy. David Rosenberg, a famous economist who works for high-end wealth manager Gluskin Sheff + Associates, this week advised readers of his $1,000-a-year newsletter to sell Canadian stocks and convert their loonies to other currencies before the March 22 budget ruins them. “This promises to be a tax-grab budget that would have made the likes of Herb Gray very proud if he was still alive,” Rosenberg wrote on March 13, according to a subscribers-only report in the Globe and Mail.
Rosenberg, known for prescient forecasts based on hard data, has been spreading rumours for at least a month that Trudeau intends to raise taxes on capital gains. There has been no confirmation of this, but the very thought of it is making capitalists upset.
The Globe, which targets the same high rollers who might turn to Gluskin Sheff for financial advice, reported (subscribers only) that the conjecture over taxes was “spreading fear” amongst Canadians who seek reward from buying low and selling high…
