Kathleen Flear

1 month ago | moneygenius.ca | Melanie Pitman |Kathleen Flear

An exchange-traded fund – commonly known as an ETF – is an investment fund that can be bought and sold on an exchange, similar to a stock. They allow Canadian investors to buy a collection of individual stocks and/or bonds at once, similar to mutual funds. Most ETFs follow the performance of an index, a specific economic sector (such as healthcare, industrial, or energy), or even global markets.

2 months ago | moneygenius.ca | Melanie Pitman |Kathleen Flear

EQ Bank and Wealthsimple are online-only banks in Canada, but EQ Bank specializes in everyday banking and Wealthsimple specializes in investing. Canadian banking has tended to look a certain way and offer certain products. However, these institutions break the mould – neither offers a typical credit card or mortgage product, and they don't offer personal loans at all. Still, the products they do offer are quite valuable and very, very convenient.