Everybody wants your RRSP money. The problem is that they all have different ideas about where you should put it. The banks want you to invest in their GICs and mutual funds. Brokerage firms push self-directed accounts. Insurance companies tout the benefits of their segregated funds. What to do? Start by understanding that your […]
Toronto Personal Finance Posts
12 Tips for Buying a Car With Bad Credit
Your credit history plays a major role in getting approved for a car loan. Unfortunately, buying a car with bad credit is tough, even if you have the income and a stable job history. A history of late payments, high debt, bankruptcy, or repossession is a sign to the lender that you’e at risk […]
RRSPs a blind spot for nearly a third of young Canadians – survey
OTTAWA—Nearly a third of young Canadians admit they are “not at all knowledgeable” about retirement savings plans, according to a survey done for TD Bank. The report also suggested that a large proportion of those aged 18 to 33 are uninformed about what registered retirement savings plans can and cannot be used for. Only […]
BMO rolls out robo-adviser for tech-savvy investors
The Bank of Montreal has launched an online portfolio manager, making it the first of the big five Canadian banks to offer a “robo-adviser.” The SmartFolio service is a financial advice service that interacts with customers online, directing them to a portfolio of exchange-traded funds depending on their answers to its series of questions about […]
As loonie slides, costs of fresh fruits and vegetables expected to rise
The sliding loonie could make it harder for some Canadians to eat their Florida oranges or California heads of lettuce this year. The dropping dollar, which is hovering just above the 70-cent U.S. mark, is expected to continue to leave shoppers with bigger grocery bills, especially when it comes to buying fresh fruit and […]
