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Should you update your financial plan given recent volatility? May 22nd
The COVID-19 pandemic is causing wide-ranging impacts on people’s investments, jobs and businesses. There are events that may trigger significant personal changes for someone’s financial planning, but COVID-19 has caused sudden changes for many people all at the same time.
Investments
For those .... More »
What happens when a buyer backs out of a real estate deal? Aug 31st
When it comes to backing out of a real estate deal, the law doesn’t tend to side with the dealbreaker, says Ron Butler, a veteran mortgage broker and one of the founders of Butler Mortgage in Toronto. If you’re the buyer, “You should find a way to complete the sale—beg, borrow, do whatever y.... More »
Canada’s economy news: Are we growing enough? + MORE Oct 31st
The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of 1% in the third quarter. Statistics Canada’s gross domestic product report Thursday says growth in services-producin.... More »
Could bitcoin reach $200,000 by the end of 2025? + MORE Jul 30th
Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.
In case you missed it, bitcoin (BTC) is now the seventh-largest asset in the world by market capitaliza.... More »
Why Gen Z Is choosing career vibes over big paycheques, especially early on + MORE Feb 5th
For decades, the standard career advice for young Canadians was as linear as an airport security line: shoes off, laptop out, no detours. Except in career land it was: get the degree, find the best-paying gig, climb the corporate ladder, and don’t look back until retirement.
But according.... More »
Should you delay your retirement because of COVID-19?
– moneysense.ca
Is the coronavirus-induced bear market reason to delay retirement? Some financial experts and commentators suggest Baby Boomers may be forced to set back their retirement by up to five years because of the effect lower stock prices have on retirement nest eggs.
But it really depends on personal circumstances and aspirations.
The good news is those with Defined Benefit (DB) pensions may not have to delay Retirement at all: “So long as the pension plan is healthy and well-funded, their retirement plan should remain intact,” says Aaron Hector, vice-president of Calgary-based Doherty & Bryant Financial Strategists.
However, those counting on their own nest eggs to fund retirement “have more reason to be concerned,” Hector cautions. “Valuations have fallen and some companies will be forced to reduce or cut their dividends, which will put a damper on income sources. For them, it would come down to whether or not they had previously built up an adequate cushion to allow for this market correction…
But it really depends on personal circumstances and aspirations.
The good news is those with Defined Benefit (DB) pensions may not have to delay Retirement at all: “So long as the pension plan is healthy and well-funded, their retirement plan should remain intact,” says Aaron Hector, vice-president of Calgary-based Doherty & Bryant Financial Strategists.
However, those counting on their own nest eggs to fund retirement “have more reason to be concerned,” Hector cautions. “Valuations have fallen and some companies will be forced to reduce or cut their dividends, which will put a damper on income sources. For them, it would come down to whether or not they had previously built up an adequate cushion to allow for this market correction…
Why COVID-19 shutdowns may be bad for your car
– moneysense.ca
When was the last time you paid any serious attention to the traffic report?
For most of us, it’s been weeks, as we have shifted to working from home, or dealing with job layoffs related to the COVID-19 shutdown. And if you haven’t been commuting to work, chances are good that your vehicle hasn’t been getting much, or any, use during this time.
Not driving has its financial advantages, since you aren’t gassing or charging the car up as often, and may even save money on auto insurance premiums.
On the flipside, a vehicle that sits idle for too long could end up racking up hefty repair bills.
Think about it this way: Vehicles are a lot like the muscles in our body, in that if we don’t use them, they’ll begin to atrophy. So just as we take steps while sheltering in place to maintain our physical well-being—daily walks, at-home yoga, getting up to stretch throughout the day—we should be doing things to ensure our vehicle stays in good working order as well.
“Sitting is one of the worst things that can happen to a car,” advises mechanic Brian Early of Auto Experts in Oshawa, Ont…
For most of us, it’s been weeks, as we have shifted to working from home, or dealing with job layoffs related to the COVID-19 shutdown. And if you haven’t been commuting to work, chances are good that your vehicle hasn’t been getting much, or any, use during this time.
Not driving has its financial advantages, since you aren’t gassing or charging the car up as often, and may even save money on auto insurance premiums.
On the flipside, a vehicle that sits idle for too long could end up racking up hefty repair bills.
Think about it this way: Vehicles are a lot like the muscles in our body, in that if we don’t use them, they’ll begin to atrophy. So just as we take steps while sheltering in place to maintain our physical well-being—daily walks, at-home yoga, getting up to stretch throughout the day—we should be doing things to ensure our vehicle stays in good working order as well.
“Sitting is one of the worst things that can happen to a car,” advises mechanic Brian Early of Auto Experts in Oshawa, Ont…
Tesla loses $13B in market value after CEO Elon Musk tweets 'stock price is too high' – CBC.ca
– news.google.ca
Tesla loses $13B in market value after CEO Elon Musk tweets ‘stock price is too high’ CBC.caElon Musk tweet wipes $14bn off Tesla’s value BBC NewsTesla shares drop after CEO Elon Musk tweets ‘stock price is too high’ CNBC TelevisionElon Musk Is Right About Tesla’s Stock BloombergWhy Tesla Stock Will Roll to New All-Time Highs Investorplace.comView Full coverage on Google News
