A money market refers to the trading of very short-term investments, such as government bonds, short-term mortgages, and other securities. They provide investors both small and large with a highly liquid option for transferring money or earning small returns on idle cash. Read on to see if the money markets are a good fit for your investment strategy.
PC Financial introduces a 2.6% high interest savings account as lenders compete for consumer deposit business. It’s a great opportunity for consumers to focus on their savings – but what are the economic forces behind the interest rate hike?
A survey by ING Direct finds more than half of Canadians are confused about their tax free savings account options. The survey also found that the main reason investors are avoiding these accounts is due to lack of surplus monthly income from living paycheque to paycheque.
Royal Bank of Canada announced today that it is further expanding into the auto financing sector through the acquisition of Ally Bank’s car financing business division.