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This article provides a comparison of various RRSP savings accounts, GIC rates, and investment accounts in Canada. It highlights Questrade and Qtrade as the best RRSP options for 2024. Questrade offers low fees and commissions, while Qtrade eliminates commissions on mutual funds. The article explains the benefits of RRSPs, their contribution limits, and the ability to withdraw funds for specific purposes. It also discusses the differences between RRSPs and TFSAs and provides information on different investment options within an RRSP. This information is valuable for library patrons researching retirement planning and financial management. [Extracted from the article]

This article provides an overview of the recent performance of Canadian and U.S. banks, as well as retail and info tech companies. Canadian banks, including RBC and National Bank, have increased provisions for credit losses due to potential loan defaults. While some banks, like BMO and Scotiabank, had lower-than-expected earnings, others, like RBC and CIBC, posted solid results. In the U.S., HP and Best Buy saw their stock prices rise after reporting earnings that exceeded expectations, while Dell's stock price declined. The article also discusses the correlation between company profits and stock prices, as well as the disappearance of stagflation concerns. [Extracted from the article]

This article from MoneySense provides a comparison of financial terms and products in Canada and India. It explains that certain financial products in Canada, such as fixed deposits and GICs, have equivalents in India. The article also discusses other terms, including home loans, income tax departments, credit scores, and stock market indices, and highlights the differences between banking systems in the two countries. The article aims to help newcomers from India understand and navigate the Canadian financial system. [Extracted from the article]

Canadian inflation has cooled, with lower grocery prices being the main contributor. The Consumer Price Index (CPI) for April showed a year-over-year increase of 2.7%, the lowest since March 2021. However, mortgage costs and rent have increased significantly. The three-month inflation trend suggests that it may be time to cut interest rates. Nvidia, a leading AI company, has seen its shares rise above $1,000 and announced a 10-for-1 stock split. U.S. retailers, such as Target and Macy's, reported mediocre earnings due to a stretched consumer. [Extracted from the article]

Warren Buffett has expressed confidence in investing in Canada despite its stagnating economy. He highlighted the benefits of operating in a major economy like Canada and mentioned that his company, Berkshire Hathaway, is currently looking at potential investments in the country. Buffett's last major investment in Canada resulted in a significant gain, indicating his ability to make money in the country. In other news, The Walt Disney Company experienced a decline in its share price despite a small earnings beat, as investors were concerned about future revenues. Reddit, on the other hand, had a successful first earnings report as a publicly traded company, with a surprising rise in revenues and user numbers. Uber had a disappointing earnings day, reporting a larger-than-expected loss, while Lyft outperformed profit forecasts. Shopify, despite an earnings beat, saw its shares decline due to decreased profit guidance. [Extracted from the article]

This article from MoneySense provides an overview of recent market developments. It highlights the expansion of the Trans Mountain Pipeline, which is expected to benefit Canada's oil sands producers by reducing the discount paid for their product. Two major shippers on the pipeline reported first-quarter earnings, with Cenovus Energy exceeding expectations and Canadian Natural Resources facing challenges due to lower production and prices. The article also discusses the positive first-quarter results of technology giants Amazon and Apple, as well as the mixed performance of fast-food chains such as Restaurant Brands International and McDonald's. Additionally, it mentions the disappointing earnings of uranium miner Cameco Corp. Overall, the article provides a snapshot of recent market trends and company performances. [Extracted from the article]

The article discusses the investment strategy known as "Sell in May and go away." This strategy involves selling equities in May, holding the proceeds in cash, and then buying back the same stocks after Halloween. The strategy is based on the historical underperformance of the stock market from May to September and the outperformance from October to April. However, the article emphasizes that the strategy's effectiveness varies each year and that it is important to focus on the fundamentals of investing rather than relying solely on seasonal patterns. The author advises investors to understand market conditions and individual companies in order to make informed investment decisions. [Extracted from the article]

Bitcoin's next "halving" is approaching, which will cut the production of the cryptocurrency in half. This event occurs roughly every four years and affects the supply of bitcoins available in the market. Some argue that halving can counteract inflation and lead to price increases, but experts caution that future gains are not guaranteed. The environmental impact of bitcoin mining, which consumes a significant amount of energy, is also a concern. The next halving is expected to occur in the next few days or hours. [Extracted from the article]

The article discusses the current state of the markets and draws parallels between the current economic boom and the Roaring '20s. It highlights various indicators of economic growth, such as high net worths, stock market highs, and increased economic activity. The article also discusses the success of Canada's first home savings account (FHSA) and the increasing popularity of stock investments among U.S. households. Additionally, it mentions the recent corporate restructuring of General Electric (GE) and 3M, with the aim of increasing long-term value. [Extracted from the article]

This article from MoneySense discusses whether it is advisable to sell investments at a loss in order to pay off debt. The author acknowledges the risks of investing money that is needed in the short term, as there is a chance of losing money. The article also highlights the importance of diversification in reducing risk. The author advises considering the interest rate on the debt and the potential returns on the investments before making a decision. Additionally, the article mentions the possibility of tax deductions and superficial losses when selling investments. Ultimately, the decision to sell or hold onto investments depends on individual circumstances and risk tolerance. [Extracted from the article]

This article from MoneySense provides an overview of the markets and financial trends as of January 14, 2024. It discusses the performance of different asset classes in 2023, highlighting the volatility and reversion to the mean. The article also mentions the losses incurred by short sellers in the U.S. and Canadian stock markets. Additionally, it examines the Canadian housing market and the impact of rising prices on housing affordability. The article concludes with a discussion on currency movements, particularly the Canadian dollar's performance against the U.S. dollar and other currencies. [Extracted from the article]

This article provides predictions and insights into the financial markets for the year 2024. The author predicts that Canada's TSX 60 index will outperform the S&P 500, citing lower valuations as a potential advantage. They also anticipate that tech stocks will underperform the TSX Composite due to current valuations. The article discusses the potential impact of the U.S. election on the markets, expressing concerns about the possibility of civil unrest if Donald Trump were to win. Additionally, the author predicts that GDP in Canada will remain stagnant and that oil prices will stay below $85 per barrel. They also offer predictions for Tesla's stock performance and the future of cryptocurrencies. [Extracted from the article]

This article from MoneySense provides information on how to file taxes when you own ETFs (exchange-traded funds). It explains that ETFs and mutual funds have similarities and differences in terms of tax implications. While both types of investments are subject to tax in taxable accounts, TFSA (tax-free savings account) investments are tax-free and do not require reporting on tax returns. The article also discusses the adjusted cost base (ACB) and the issuance of T3 slips for mutual funds and ETFs. It mentions the taxation of U.S.-dollar ETFs in Canada and the additional tax-filing requirements for foreign investments. The article concludes by suggesting that individuals can prepare their own tax returns for ETFs, but seeking professional advice is also an option. [Extracted from the article]

The best RRSPs to use before the tax deadline Read now What's the RRSP deadline for 2023? Keywords: Bonds; ETFs; Financial Planning; GICs; Investing; Mutual Funds; Retirement; RRSPs; Stocks; Income Tax; Pay less tax; registered account; RRSP; tax filing; tax return; tax-deferred; taxes EN Bonds ETFs Financial Planning GICs Investing Mutual Funds Retirement RRSPs Stocks Income Tax Pay less tax registered account RRSP tax filing tax return tax-deferred taxes You still have time to add to your retirement savings and lower your taxable income before the RRSP deadline. RRSP contribution deadline highlights The RRSP contribution deadline for 2023 is midnight, 11:59 PM ET, on Feb. 29, 2024. [Extracted from the article]

Keywords: Banking; Columns; ETFs; FHSA; Financial Planning; GICs; Index Funds; Investing; Learn; Mutual Funds; RDSPs; RESPs; Retirement; RRSPs; Save; Shopping; Spend; Stocks; active investing; Canadian stocks; dividend stocks; Dividends; economy; etf; Inflation; Invest; investing strategy; Investment strategy; investments; Making sense of the markets; oil; Passive investing; RDSP; Recession; stock market; stock markets; stock picking; stock valuations; U.S. markets; U.S. Stocks EN Banking Columns ETFs FHSA Financial Planning GICs Index Funds Investing Learn Mutual Funds RDSPs RESPs Retirement RRSPs Save Shopping Spend Stocks active investing Canadian stocks dividend stocks Dividends economy etf Inflation Invest investing strategy Investment strategy investments Making sense of the markets oil Passive investing RDSP Recession stock market stock markets stock picking stock valuations U.S. markets U.S. Stocks U.S. inflation battle continues, Oracle lets down expectations, Dollarama mightier than Roots, and Equitable Bank reigns supreme. U.S. inflation battle: Mission not accomplished Despite increasing interest rates and hawkish talk from the U.S. Federal Reserve chair Jerome Powell, the U.S. economy doesn't look to be slowing down anytime soon. While Roots did manage to reduce its inventory bloat, the cost resulted in higher promotional spending. [Extracted from the article]

RBC continues to be best in class Canadian banking earnings highlights RBC (RY/TSX): Earnings per share of $2.84 (versus $2.71 predicted) and a revenue beat at $14.49 billion (versus $13.06 billion predicted). Keywords: Banking; Columns; Debt; ETFs; FHSA; Financial Planning; GICs; Index Funds; Investing; Learn; Mutual Funds; RDSPs; RESPs; Retirement; RRSPs; Save; Shopping; Spend; Stocks; TFSAs; active investing; Canadian stocks; dividend stocks; Dividends; economy; etf; Inflation; Invest; investing strategy; Investment strategy; investments; Making sense of the markets; oil; Passive investing; Recession; stock market; stock markets; stock picking; stock valuations; U.S. markets; U.S. Stocks EN Banking Columns Debt ETFs FHSA Financial Planning GICs Index Funds Investing Learn Mutual Funds RDSPs RESPs Retirement RRSPs Save Shopping Spend Stocks TFSAs active investing Canadian stocks dividend stocks Dividends economy etf Inflation Invest investing strategy Investment strategy investments Making sense of the markets oil Passive investing Recession stock market stock markets stock picking stock valuations U.S. markets U.S. Stocks Nvidia earnings shock markets, RBC cruises along while TD hits some turbulence, U.S. retail skews towards consumer staples, and market timing doesn't pay. U.S. retail earnings highlights Lowe's (LOW/NYSE): Earnings per share came in at $4.56 (versus $4.49 predicted), and revenues were a slight miss at $24.96 billion versus $24.99 billion predicted. [Extracted from the article]

Canada's best online brokers READ NOW Credit card transactions still rule the world Credit card earnings highlights this week All numbers below are presented in U.S. dollars. Keywords: Banking; Bitcoin; Columns; Crypto; Debt; ETFs; Financial Planning; GICs; Index Funds; Investing; Learn; Mutual Funds; RDSPs; Real Estate; RESPs; Retirement; RRIFs; RRSPs; Save; Shopping; Spend; Stocks; TFSAs; active investing; banks; Canadian stocks; dividend stocks; Dividends; economy; Inflation; Invest; investing strategy; Investment strategy; Making sense of the markets; oil; Passive investing; Recession; RESP; U.S. markets; U.S. Stocks EN Banking Bitcoin Columns Crypto Debt ETFs Financial Planning GICs Index Funds Investing Learn Mutual Funds RDSPs Real Estate RESPs Retirement RRIFs RRSPs Save Shopping Spend Stocks TFSAs active investing banks Canadian stocks dividend stocks Dividends economy Inflation Invest investing strategy Investment strategy Making sense of the markets oil Passive investing Recession RESP U.S. markets U.S. Stocks Big tech still "magnificent" as telecoms disappoint, credit card giants trounce crypto and economic pessimists, U.S. Fed hike is taken in stride, and railways struggle. U.S. tech stocks continue to devour the old world Tech and telecom earnings highlights this week The U.S. tech earnings machine keeps on humming. [Extracted from the article]

Keywords: Banking; Bonds; Budgeting; ETFs; FHSA; Financial literacy; Financial Planning; GICs; Investing; Mutual Funds; Save; Stocks; banks; Financial Literacy; first home savings account; First-time home buyer; home; Home Buyers' Plan; Home Owner; homebuyers; homebuying; Invest; Investment strategy; Real Estate; savings; savings account EN Banking Bonds Budgeting ETFs FHSA Financial literacy Financial Planning GICs Investing Mutual Funds Save Stocks banks Financial Literacy first home savings account First-time home buyer home Home Buyers' Plan Home Owner homebuyers homebuying Invest Investment strategy Real Estate savings savings account The new first home savings account was created to help you save more money for a home purchase. Account holders earn 3% interest on money in their FHSA Savings Account, or they can purchase an FHSA GIC (not available in Quebec). The first home savings account (FHSA), also referred to as the tax-free first home savings account, creates up to $40,000 in tax-free savings room for first-time home buyers. [Extracted from the article]

Keywords: Bitcoin; Bonds; Crypto; Earn; ETFs; Financial literacy; Financial Planning; GICs; Index Funds; Investing; Learn; Making It; Mutual Funds; RESPs; RRSPs; Save; Spend; Stocks; Taxes; TFSAs; bonds; dividend stocks; Financial Literacy; gen z; mutual funds; REITs; robo advisors; young professional EN Bitcoin Bonds Crypto Earn ETFs Financial literacy Financial Planning GICs Index Funds Investing Learn Making It Mutual Funds RESPs RRSPs Save Spend Stocks Taxes TFSAs bonds dividend stocks Financial Literacy gen z mutual funds REITs robo advisors young professional As a young investor, should you manage your own stocks, use a robo-advisor or hire a professional? Bonds and GICs tend to be on the safer side, whereas stocks are more volatile, meaning the ups and downs could be concerning to investors. Active mutual fund fees are generally higher than index funds and ETFs because they require a larger team and more research into which stocks to buy and sell than a passive option. [Extracted from the article]