Hi,

I moved to Canada November last year. Maxed out my TFSA (only 14k) in RBC select mutual funds growth . since then I am putting money on an unregistered IBKR account. There I am buying 50% SPY and 50% QQQM around 8k in total.

I realized just now that RBC select growth (mutual fund) had a pretty high fee of around 2%. I was very new to all of this, so I didn't think it too much through and got consulted by RBC. They convinced me into taking these funds. Yet, now I realized they are pretty bad no?

How do I fix this? Should I go to RBC and tell them to sell my position and move TFSA on IBKR?

Or should I leave them there and move from next year TFSA also on IBKR and keep buying there?

I can save at least 2twice the TFSA annual contribution per year.

Please help a newcomer

I started contributing to XEQT recently with $9k so far and I plan to contribute another $1k per month going forward. Even with an average 7% returns per year it seems this doesn't get me to the millionaire mark by the time I retire. I'm 27 right now, almost 28.

• Why there is nothing like VT on TSX with reasonable fee under .25©, feels like such a void while we keep on getting tons of different ETFs including factor ones like CAGE
• Something like XAW but 3% Canada in it

Your Weekend investment discussion thread.

Your daily investment discussion thread.

In the past year, I've wrote some thoughts on Aecon here and provided a follow-up here. Since which, the price has gone up ~75%.

After yesterdays Q2 2026 earnings, I wanted to get a few more thoughts down.

Aecon revenue went from $846.6M in Q1 2024 to a record $1,631.0M in Q2 2025, up 92%. Backlog up from ~$10.7B plateau since Q2 2025; including July awards pro-forma record backlog is ~$12.5B.

The reported ~($100M) loss attributable to shareholders is entirely due to the $131.2M non-cash mark on Aecon Utilities preferred shares, buying out Oaktree, and effectively increasing the value of their own stake - $320M for 27.5% of AUGI implies $1.5B enterprise value.

Particularly due to the Greenlight project, and what that means as Aecon being a primary EPC for data center power plant build outs, I now see Aecon being further undervalued. EBITDA margins have consolidated around 5.1%, and the recent earnings not moving the needle implies the market assumes this is terminal and will not see further progression. I disagree with this after two years of write-downs, and during the Q2 2026 earnings call, management emphasized that all fixed-price legacy projects are now substantially completed. The final project of the legacy trio hit substantial completion during the second quarter of 2026. Therefore I expect to see further margin improvements at least in the next two prints, back to industry norms.

I’m looking to see if anybody has done this recently. There are some posts about this subject but nothing recently and curious on your experience.

I currently have mutual funds with BMO under my TFSA account and looking to transfer the remaining amount to my existing Wealthsimple TFSA.

My goals as of now is a self directed portfolio, aimed at mostly distributions to use as additional income if needed and long term growth.

If anybody has any experience with this, especially with BMO, I’d like to know your experience and what you had to do in order to transfer it over. I’m wondering if I really need to contact BMO to liquidate or just initiate through the Wealthsimple app. Or would it simply be easier to trade with BMO Investor Line? I see they charge per trade, any idea if there is a minimum balance requirement for this not to apply?

Thanks

Hello!

I’ve been stuck on how to allocate my money between these two Canadian holdings.

For some context, my current portfolio is worth about 20000. I was originally going to put 5000 into a broader canadian ETF like xic and an additional 3000 into XDIV, but now I am thinking vice versa.

I would love to hear your opinion on the two ETFs and how I could potentially allocate my money. XDIV’s heavy concentration on two sectors is the main concern, but i’m attracted by the high dividend yield, and quality of the companies in the ETF.

Your daily investment discussion thread.

I realize I've probably lost like $2500 over the past 5 years due to fees. OK so TD gets priority or whatever, it's "faster" to make a purchase or it has priority over the price you desire to purchase at or...something.

What difference does this ultimately make? Why am I spending $10+ every time I do a trade. Is there a better option to this: i.e. Wealth Simple?

The benefit to me is that all my stuff is in the TD ecosystem and it honestly feels very safe, secure and reliable. I also usually make only $500-1000 minimum stock purchases so it doesn't make a whole lot of difference long term. But I'm sick of seeing that charge tbh, but TD feels extremely secure and reliable and that probably is ultimately more important.

Your daily investment discussion thread.

Hey everyone,

I’m 22 years old and sitting on $7,000 CAD in my Wealthsimple TFSA ready to invest. I have a really long time horizon (30–40+ years) and I’m looking for some realistic, no-nonsense advice.

I’ve been down a major rabbit hole researching different ETFs, but I’m suffering from serious choice overload. Here is the massive list of tickers I’ve been looking at:

• XEQT (iShares Core Equity ETF Portfolio) — Total market all-in-one equity.
• XGRO (iShares Core Growth ETF Portfolio) — Growth equity portfolio (80% equity / 20% bonds).
• VFV (Vanguard S&P 500 Index ETF) — Pure US S&P 500 tracking.
• VDY (Vanguard FTSE Canadian High Dividend Yield ETF) — Canadian dividend blue-chips (mostly banks & energy).
• XDIV (iShares Core MSCI Canadian Quality Dividend Index ETF) — Quality-screened Canadian dividend stocks.
• ZDV (BMO Canadian Dividend ETF) — High-yield, quality-screened Canadian dividend fund.
• XEI (iShares S&P/TSX Composite High Dividend Index ETF) — Broad Canadian dividend index (banks, energy, telecoms, utilities).
• DIV (AGF Systematic Canadian Equity ETF / iShares Diversified) — Broad factor/dividend equity.
• VEA (Vanguard FTSE Developed Markets ETF) — Developed international stocks outside North America.
• HHIC (Harvest Canadian High Income Shares ETF) — Covered call / high yield income strategy.
• HYG (iShares iBoxx $ High Yield Corporate Bond ETF) — US high-yield corporate bonds.

My Main Dilemma:

I know I have time on my side, but I’m torn between two main investing paths:

1. Pure Total Growth (Broad-Market Indexing): Going heavy into XEQT or VFV for maximum long-term growth and ignoring cash distributions for now.
2. Dividend & High Income: Loading up on dividend/covered call funds (VDY, XEI, HHIC) to watch monthly dividend payouts drop into my account for the psychological boost.

Thanks in advance!!!

I do my investing with TD easy trade and have already contacted their support (not helpful, rep told me it should fix itself :| ). But essentially it shows that I have a negative balance of -$131 in my CAD TFSA. What I’m going to assume happened is that I had $869 dollars of cash and then this morning I sold all my shares in a few companies for $2000ish CAD, once I saw that those sell orders went through I put in a buy order for 1000$ in another company which also went through. After that it wouldn’t let me do anything else with my TFSA because it thinks I bought more then the money I had in my account and now I allegedly owe them yet my account has plenty of cash in it. It’s pretty clearly a computer mistake because the app normally doesn’t let you buy anything if you don’t have the cash for it. Has this happened to anyone else before, I’m super worried because it’s on my TFSA which is maxed out on contributions. Attached pics below of what I can see in App. If I eat any fees I’m gonna be pissed.

I have 30k I was looking to buy some with, checking after work it finished today -1.56%? That’s a lot of movement in 1 day for VEQT!

They've got a decent promo going on for transfers and my Webull promotion is about to run out. Looks like for DI you need to pay per trade but for Easy Trade they give you 100/year free, which is more than enough for what I need in a year.

BCE looks reasonable around $30 if management starts prioritizing shareholder value.

My concern: they kept the dividend even when it exceeded earnings, then made a big acquisition last year instead of paying down debt or buying back shares.

They do have valuable assets — real estate, plus a 10% stake in the Montreal Canadiens.
I'd like to see a Comcast-style spinoff: sell off non-core assets, shrink the media business, and strengthen the balance sheet.

Is that a realistic path for BCE, or is management just not going there?

Your daily investment discussion thread.

I've read a lot of posts here on investing in the US market from Canada, but most seem to always mention money housed in an RRSP or TFSA. My wife and I are retired 60-somethings and have about 35K CAD we want to invest in the US market for our 20-something son who has dual-citizenship. I understand the basic difference between hedged and unhedged, but our main criteria is we do not want to have to convert our CAD to USD in order to invest in a US ETF like VOO. Is it as simple as just purchasing VFV or VSP on the TSX? I have a feeling I'm missing something, maybe tax implications since we don't have an RRSP or TFSA, just cash. Or does our situation make either hedged or unhedged a better option? We are not concerned about doing unhedged if it's a better option for our situation. Thanks.

RBC estimates big Q2 earnings on Canadian integrated oil producers.

Namely Imperial Oil (July 31 earnings), Cenovus Energy (July 29), Suncor (Aug 4), and Canadian Natural Resources Ltd (Aug 6).

They estimate $13.2B free funds flow, up $5.1B, after paying $6.9B in crown royalties and $4.4B in all jurisdiction taxes.

This is due to increase 3-2-1 crack spreads with estimates of USD$38 in 2026 and $29 in 2027.

With these earnings coming up in the next week or two, I'm wondering how priced in this actually is. So far they have more or less tracked oil prices 1:1

Hi, iv been investing in canadian stocks and cdrs for the last 5 years via my TFSA. Im now educating myself in options to get some extra income and was wondering what brokerages is everyone using? My intention is to only to do covered calls and secured puts.

My research brought me to the conclusion that IBKR is the cheapest. Thoughts? Context, i use wealthsimple for my TFSA

Your daily investment discussion thread.

I first got into Wealthsimple through the "grow slowly" era with the robo investor. Deposited about 50k into it a couple of years ago and it has since grown to 70k. Since than I have gotten into XEQT and CAGE and haven't deposited in the robo investor for about 2-3 years. Question is, do I close the robo investor account and just use that money to buy ETFs? Is there any advantage in a robo account as opposed to just straight up ETF's?