Making sense of the markets this week: May 10, 2021 May 7th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News

Calgary discussing pop-up vaccination clinics with province for communities with low uptake, city's mayor says - Calgary Herald May 19th

Calgary discussing pop-up vaccination clinics with province for communities with low uptake, city's mayor says  Calgary HeraldCity wants to freeze Calgary taxes next year, but that would require more cuts  CBC.caA third zero property tax increase could threaten City of Calgary se.... More »

PS5 Stock Shortages Will Continue Into 2022, Sony Says - Forbes May 11th

PS5 Stock Shortages Will Continue Into 2022, Sony Says  ForbesSony warns that PlayStation 5 shortages will continue into 2022: report  MobileSyrupReport: Next-Gen PlayStation VR Is Sounding Pretty Impressive  KotakuSony Warns PlayStation 5 Supply Could Be Scarce Until 2.... More »
 canadian savings bond

Add Value to Your Home With These Home Changes May 20th

East or west, home is the best. Well, rightly so. Your home is your sanctuary, an area of comfort and stability that ties to your daily routine. To an extent, your home is your most significant investment, as it should be. That being said, you must maintain and add value to your home through renovat.... More »

A guide to getting value from your advisor, and shifting to lower-cost investments May 19th

A MoneySense reader writes: I have investments with a financial planner and my fees are 2% or more per year, for a total of close to $6,000 per year in fees. I’ve been looking at moving my investments to a robo-advisor, but I’m concerned about the capital gains and subsequent taxes from moving m.... More »

Average Canadian house price up 38% compared to last year, but down from March - CBC.ca Jun 15th

Average Canadian house price up 38% compared to last year, but down from March  CBC.caCanadian real estate: CREA says sales fell in 80% of markets in May  Yahoo Canada FinanceCanadian home sales fall 7.4% in May, average selling price also inches down from month before: CREA .... More »
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Wealthsimple taps celebrities and nets a $5-billion valuation
In October of 2020, we reported on a previous round of financing for Wealthsimple. At that time, valuation estimates for the Canadian online investment company were in the $1-billion range. 
The actual valuation turned out to be closer to $1.5 billion. 
Fast forward to this week: Wealthsimple announced another round of financing that raises the price tag to $5-billion. And celebs are in on the act as well, with musician Drake, actors Ryan Reynolds and Michael J. Fox, and a few high-profile professional athletes stepping forward with cash to invest in the fintech giant. 
Wealthsimple originally launched as one of Canada’s robo-advisors, and has moved on to add more financial services, including a discount brokerage. Many say that they “own” the millennial market in Canada. That offers incredible long term potential, and the appeal for investors…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!