Page 39 - Fool Canada News Today

Image source: Getty Images The Canadian currency keeps powering higher in recent days. On May 6, 2021, the loonie sparkled the brightest with its 0.95% gain — the highest one-day gain since September 2017. A significant factor for the increase was the oil price rally. As one of the world’s major copper producers, the country also benefits from copper prices surging to record peak. Despite the 207,000 lost jobs in April 2021, the Canadian dollar held near its strongest le...

Crypto FOMO: Are You Afraid of Missing Out? More on: Image source: Getty Images Cryptocurrency’s rise has brought many benefits to its owners. Between massive gains, new business opportunities and a new community to participate in, it has rewarded its users handsomely. But for another class of investor, crypto has brought a less desirable outcome: Fear of Missing Out (FOMO) Thanks to the enormous gains crypto has made, many now feel like they need to buy it or else miss o...

Image source: Getty Images The Big Five banks in Canada form the nucleus of the world’s most robust banking system. The 2020 health crisis was a headstrong wave, but it did not destabilize the sector as people thought it would. Like in the 2008-2009 financial crisis, the banking giants proved their resiliency and stability during economic downturns. From the largest, the  Royal Bank of Canada, to the fifth-largest bank, the Canadian Imperial Bank of Commerce, any of them...

TD Bank and Bank of Montreal(TSX:BMO)(NYSE:BMO) have been roaring back in a big way over the past year. Through the worst of last year’s lockdowns, many investors felt jittery over the thought that banks would have to grapple with negative interest rates, soaring provisions for credit losses (PCLs), and meagre loan growth, potentially for years to come. The headwinds faced by Canada’s top banks couldn’t have been stronger. There wasn’t much of anything to be optimistic about. If you si...

CRA $500 Digital News Tax Credit: Did You Claim it? More on: Image source: Getty Images The season to file your income taxes for fiscal 2020 has come and gone. Did you take advantage of all the tax credits available to you? Many taxpayers often miss out on the Digital News Subscription Tax Credit (DNSTC). The Canada Revenue Agency (CRA) introduced this temporary and non-refundable 15% tax credit to support the digital news industry in Canada by incentivizing taxpayers. Taxp...

Forget Meme Stocks: Buy This Top TSX Retail Stock Instead More on: Image source: Getty Images The meme stock surge we’ve seen play out this year is unlike anything anyone expected. Indeed, seeing parabolic spikes across certain beaten-up sectors has made a select few investors very rich. Retail stocks have been among the most sought-after investments of late. This makes sense, sort of. As the pandemic winds down and vaccinations wind up, it’s easy to make the case that ...

Got $3,000? Top 2 Stocks to Buy on the TSX This Year More on: Image source: Getty Images The TSX is enjoying an excellent run right now, with several stock indices at or near all-time highs. Multiple stocks are trading for record prices right now. Value investors revel in a volatile market in which high-quality equity securities are trading for discounted prices. However, you can still find some tremendous long-term investments today, even if the stocks are not trading at a...

Image source: Getty Images In recent years, there has been a stark shift in how investors select their portfolio picks. Today, multiple criteria are used to select stocks. Yes, capital appreciation and dividends are great. Indeed, total returns are still the primary focus of investors. However, the social impact of the stocks one owns is growing increasingly important today. Various institutional investors have implemented ESG-related mandates to their portfolios. And retail...

Housing Market 2021: Is it Too Late to Buy a House? More on: Image source: Getty Images Canada’s housing market was gravity-defying during the pandemic. The Canada Real Estate Association (CREA) data shows that over the last 12 months, the rise of home prices was more than in the previous four years. Moreover, the rise in prices in more than half-dozen Canadian housing markets was more than in the preceding decade. According to a May 7, 2021, report by the Canada Mortgage...

Canadian passive-income investors still have a lot of options out there on the TSX Index. Despite the vaccine rollout and likely return to normalcy by year’s end, many high-yield securities have still yet to recover from the coronavirus crash, leaving their yields still on the swollen side. While the opportunity to scoop up 8-10% yields alongside a shot at timely double-digit percentage gains have come and gone, I still think there’s incredible value to be had with some of the more beaten-...