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Latest News
Does buying GICs still make sense after the recent rate cuts? + MORE Oct 2nd
The Bank of Canada (BoC) recently lowered its policy interest rate by another 25 basis points, from 4.50% to 4.25%. It was the central bank’s third consecutive cut, and economists widely expect more cuts before the end of the year.
What does it mean for Canadians as borrowers and savers when in.... More »
Capital gains on subdivided land Jan 19th
Q. Our primary residence of three years is built on a double lot. We received a partial discharge of our double lot and built our house on it for cash. Do we have to pay any capital gains? We did not plan on doing this when we first purchased.
–Devon
A. In order for a property to qualify for the p.... More »
TDSB announces new CEO and new chief financial officer under new governance structure + MORE May 22nd
Camillo Cipriano, the director at the Niagara Catholic board for six years, will take the reins of the country's largest school board on June 8..... More »
Questrade Review 2023: What matters to Canadian investors + MORE Jun 27th
For over 20 years, Questrade has provided Canadian investors with its attractive fees on a full range of assets—including stocks, mutual funds, ETFs, initial public offerings (IPOs), bonds, and even gold and silver. If you’re shopping around for a discount brokerage, you’ve likely c.... More »
The best credit cards in Canada for 2023 Oct 25th
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The best credit cards in Canada for 2023
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The Bank of Nova Scotia hiked its dividend as it reported its first-quarter profit slipped to $2.25 billion from $2.34 billion a year earlier.
The financial services regulator in Canada’s biggest province failed to make planned checks on mortgage brokers it had identified as risky because its resources were stretched, according to documents obtained by Reuters under freedom of information laws and information provided by the regulator.
Fiat plans US$4.5B investment in Jeep and Ram’s US plants BNNBloomberg.caGrand Wagoneer to launch in 2021 as FCA sinks US$4.5 billion in Jeep, Ram DrivingFCA to invest $4.5B in Detroit with new assembly plant and expanded production CBC NewsNew Jeep plant won’t be another Poletown: 4 ways it could impact Detroit Detroit Free Press$4.5B Fiat Chrysler plan to add 6,500 jobs in Detroit area Windsor StarView full coverage on Google News
Small Business Ideas for Children Who Want to Be Life-time Savers
– investitwisely.com
Teaching your child how to handle money is a basic part of being a parent in today’s society. There are many ways you can approach introducing your child to financial responsibility. One way, is to show them how to set up their own business!A child can learn how to work hard, make money, and save that money for long term goals at any age. Though your child won’t be trading their business on the NYSE anytime soon, small, self-run “businesses” are a great way for children to learn about being a life-time saver. Here are a few small business ideas for children who want to be financially independent!
Hand Them Lemons
One of the most classic small businesses your child can use to learn about finances is a lemonade stand. Now, they won’t be following the normal rules for acquiring funds for their small business, as they’ll just be asking mom and dad, but they can still run this business from start to finish.
Your child can purchase lemons, make the lemonade, set up a stand in their neighborhood, and sell the lemonade themselves…
Federal Reserve Chairman Jerome Powell says the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warns of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy.
