Investing

Reading Time: 5 Min   TSX Index Here at myratecompass.ca, we’re committed to providing our readers with information on a diverse array of financial topics. Recently, we’ve reviewed major players in the retail banking sector, how they’re structured, and the services they provide. We then transitioned into covering some of Canada’s most popular and most valuable credit card rewards… Continue reading What is the S&P/TSX Index?

Reading Time: 2 Min What’s the Management Expense Ratio?   The management expense ratio (MER) is a fee that investors are required to pay to their investment providers for overseeing their investments on an annual basis. In simpler terms, it’s the annual cost of investing in a mutual fund. For example, a MER is 2% which means that if… Continue reading Management Expense Ratio(MER)

Reading Time: 6 Min When people first start thinking about real estate investment, their focus is on buying a home that will hopefully increase in value as time passes. However, the real estate market actually offers a lot of investment opportunities far past the value of your personal home. These opportunities are available for all budgets as well, so… Continue reading How to Invest in Real Estate in Canada

Reading Time: 4 Min  BMO, or the Bank of Montreal, is one of Canada’s Big Five heavy-hitting banks. Its online investing platform BMO InvestorLine Self-Directed is designed for people who understand investing and want a customized user experience. They are a trusted platform thanks to their overall reputation offering over 200 years of financial expertise. Here we look at… Continue reading BMO InvestorLine Review

Reading Time: 4 Min Scotiabank is one of Canada’s “Big Five” offering a wide variety of financial services including an online investment platform. Scotiabank iTrade provides an interesting platform for those interested in pursuing self-directed investing with the option to “practice” a few investments before committing. Here we review what they offer, the pros and cons and who might… Continue reading Scotia iTrade Review

Reading Time: 6 Min Gold has been a valued asset for a millennium. It is rare and malleable and was often used in merchant and empire trading. While in the modern day it may seem like a treasure of fairy tales and pirate stories, gold is still a trading staple. To this day, the phrase “gold standard” is used… Continue reading How to Invest in Gold in Canada

Reading Time: 4 Min CIBC, or the Canadian Imperial Bank of Commerce, is one of Canada’s Big Five banks. CIBC Investor Edge is the brokerage division and platform for the bank. Formed in 1961 through the largest merger of two chartered banks in Canadian history, CIBC began their operations as both the Canadian Bank of Commerce, founded in 1867,… Continue reading CIBC Investor’s Edge review

Reading Time: 4 Min RBC, or the Royal Bank of Canada, is one of Canada’s big five banks. RBC Direct Investing is the brokerage division and platform for the bank. Founded in 1864 in Halifax, RBC has a history as a dependable and trustworthy financial institution. This extends to the RBC Direct Investing platform, which is a very safe… Continue reading RBC Direct Investing Review

Reading Time: 4 Min Questrade Review Questrade is an online brokerage and wealth management firm that opened its doors in 1999. To this day, the organization continues to be Canada’s largest discount broker and fastest growing virtual brokerage firm. They manage $20 billion in assets and, in 2019, they had applied for federal banking licensing. While they do not… Continue reading Questrade Review: What you need to know

Reading Time: 4 Min TD, or Toronto-Dominion Bank, is one of Canada’s big five banks. TD Direct Investing is the brokerage division and platform for the bank. Formed in 1955 through the merger of the Bank of Toronto, founded in 1855, and The Dominion Bank, founded in 1869. Today, TD remains a strong and reliable banking institution in the… Continue reading TD Direct Investing Review: What you need to know

Reading Time: 4 Min   VGRO is an exchange-traded fund (ETF) offered by the investment company Vanguard. This unique company created a mutual structure for their funds and ETFs in which the funds are owned by their investors. VGRO is still quite new, having only been established since 2018. Here we review the VGRO offering to help you decide… Continue reading VGRO ETF REVIEW 2023: Vanguard Growth ETF(VGRO)

Reading Time: 8 Min  Best GIC Rates in Canada – 2023   GICs, otherwise known as Guaranteed Investment Certificates, are known to be one of the safest ways to invest your money for the long term. If you have some idle cash and you’re wondering what to do with it, investing in a GIC might be the right option… Continue reading Best GIC Rates in Canada 2023