Cinthia recently got as a Software professional job in one of the IT company in Toronto, with
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- Cinthia recently got as a Software professional job in one of the IT company in Toronto, with a annual package of $ 89,000 and her husband, Roberto, is into trucking business, having his own truck and makes around $ 8000 per month. She wants to go for Mortgage loan to buy a house in Brampton and the purchase price is $950,000. Cinthia has visited your bank and you are working in RBC as a Financial Advisor. As an advisor, how do you guide them in understanding how the Mortgage works in Canada including an example with calculation. (15 Marks)
- Assume you are working as “Investment Advisor” in bank and I have come to you to take an advice on how to invest $40,000 in various Financial instruments in Canada (Stocks, Mutual funds and Bonds). Make a Portfolio of investments, if I am a medium risk-taking person. Give your justification why have you made the investment in those portfolios. (15 Marks)
- Do you think the knowledge of “Personal Finance” is crucial for all the managers irrespective of departments and the role what they are doing. If so, justify your reasons with examples. (10 Marks)
- You are working with TD bank and you have come to take session on how important is Credit scores in Canada with Canadore students, who just have come to Canada a week before. How do you explain that to them? (10 Marks)
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