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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Applying for a credit card? Here’s what you should know before getting one + MORE Jul 8th
The convenience of making purchases with your credit card comes with many advantages, like rewards, perks and a solid credit history. However, if used irresponsibly, this financial tool can lead to unmanageable debt and a low credit score. So, how can you be a responsible credit card owner? I will e.... More »
New IMF report warns of Canada’s high debt levels + MORE Oct 12th
In the new report, the International Monetary Fund says these dynamics in Canada’s private non-financial sector leaves its economy more sensitive to tighter financial conditions..... More »
Honor Announces $10B AI Investment, Plans Gemini-Powered ‘Agentic’ Smartphone - Mobile ID World Mar 2nd
Honor Announces $10B AI Investment, Plans Gemini-Powered ‘Agentic’ Smartphone Mobile ID WorldChina's Honor pledges $10 billion AI investment and deepens ties with Google in global push CNBCChina's Honor announces $10 billion investment in AI devices ReutersHonor .... More »
How to build a couch potato portfolio + MORE Sep 3rd
Though the investment industry now offers a few different ways to create a couch potato portfolio, they all have a few things in common. First, they all adhere to the ethos of passive investing, such that you end up with broad exposure to the stock and bond markets—and possibly other asset classes.... More »
Fixed mortgage rates are likely at their 'lowest point this year,' experts say Oct 29th
"We're seeing the weaker economy, paradoxically, is allowing more people into the real estate market," said Phil Soper, president and CEO of Royal LePage..... More »
A shareholder class action lawsuit was filed against Wells Fargo & Co on Monday that alleged the firm misled investors about its financial performance and the success of its sales practices.
Padma Lakshmi on her biggest splurge
– moneysense.ca
(Illustration by Kagan McLeod)I got my first job when I was 15, answering the phone and working the cash at a pizzeria. I was paid $2.85 an hour. Ever since I can remember, I’ve always had a job. And I’ve always worked hard to save what I’ve earned. Even today, I don’t really have any debt. I’m not somebody who runs up a lot of credit card bills. I’m very prudent, very risk-averse, and very, very, very conservative in my investments. I’m not a speculator—I don’t feel that I have the knowledge and experience to hedge or do riskier things—so all my investments are in mutual funds or blue-chip things, very long-term-oriented. I don’t even like to gamble! When I’m in Vegas, I feel uncomfortable putting $100 down. Say I win, and it’s now $400, and then I lose—now I’ve lost it all, and I’m like, “Ugh, I could’ve had that $100.” I just don’t enjoy it.
But one lesson I’ve learned is that it’s better to spend your money on an item of worth and value than to say, “Well, I’ll just spend a little here and there…
Why it's going to be damned hard to double your money
– theglobeandmail.com
Timing on an investment will jump to about 22 years, TD says
You love your iPhone. But should you invest in Apple?
– thestar.com
Financial planners caution against buying stock solely because of a company’s brand-name recognition.
