Financial sector weighs on Toronto stock market, U.S. markets in the red + MORE May 29th

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What are call options? Why should retirees care about them? + MORE Feb 10th

Amid the tumult of sharply rising interest rates, stubbornly high inflation and geopolitical risks, stocks have continued to slide. The market rout that began in early 2022 has hit retirees and those saving for retirement particularly hard. Even bonds, usually thought of as a safe haven for .... More »

Statement from the Board of Directors, Canada Pension Plan Investment Board - Canada NewsWire Feb 26th

Statement from the Board of Directors, Canada Pension Plan Investment Board  Canada NewsWireCPP Investments CEO Mark Machin resigns after travelling to UAE for COVID-19 vaccine  Yahoo Canada FinanceCPPIB chief Mark Machin resigns after it was revealed he got COVID shot in United .... More »

What ETFs should a millennial couch potato invest in? May 30th

Ask MoneySense I’m 30 years old and have 30 years to go until retirement. I already have a good pension with my employer so I’d like to try a 100% equity portfolio. Is there a Couch Potato portfolio that would suit my needs? Any ideas on which ETFs to hold? –Jonathan Couch potato ETFs .... More »

Canadians fear a tougher road to retirement—and plan to help their kids along the way Feb 10th

Canadians are going into this year’s RRSP season in a somewhat pessimistic mood. Two-thirds say it will be more difficult for them to save and invest for their retirement than it was for their parents, according to BMO’s latest Retirement Survey. Canadians expect a tougher retirement than the.... More »

How Workplaces Can Combat ‘White Advantage’ to Better Support Black Employees + MORE Feb 9th

After the murder of George Floyd in Minneapolis in 2020, and the global movement against anti-Black racism that followed, marketing strategist, podcaster and writer Stephen Dorsey found himself in what has become a common situation for many racialized people: His white friends and colleagues were re.... More »
Scotiabank reported a nearly four cent jump in profit in the latest quarter, beating market expectations with a boost from its international operations in Latin America.

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Canada’s main stock index closed in the red, hurt by losses in the financial sector as political turmoil in Italy was felt across global markets.

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How Personal Debt Can Be Good or Bad

– investitwisely.com

How Personal Debt Can Be Good or BadDebt is a term that’s often referred to in the negative, even though in some cases it can help you reach your goals. Sometimes it’s the key to reducing high interest rates or getting something you need before you can afford it. So it doesn’t necessarily have to evoke fear or stress. Here’s a look at the two sides of debt and how the positive aspect can outweigh the negative.
Why Debt is Perceived as Negative
The word “debt” is probably more commonly associated with financial failure rather than financial success, even though debt can be a powerful vehicle toward success. While taking on debt to start a new business can eventually convert to wealth, running up credit cards for the sake of enjoying spending sprees can lead to years of headaches and heartaches.
Overuse of unsecured debt, which doesn’t require collateral, is sometimes a path toward bankruptcy, but it doesn’t have to be. The key to the difference between good and bad debt has to do with whether or not there’s a goal involved…

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