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What does a weak Canadian dollar mean for your savings? + MORE Feb 25th
It’s the financial news story that everyone is talking about: The Canadian-to-U.S.-dollar exchange rate has been very unfavourable for the loonie lately.
How unfavourable? Since the beginning of the year, the Canadian dollar’s trading value has fluctuated between roughly USD$0.69 and $0.70—.... More »
The 16 best credit cards in Canada for August 2023 + MORE Aug 15th
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The 16 best credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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The MoneySense Find a Qualified Advisor Tool + MORE Mar 21st
Welcome to the MoneySense Find a Qualified Advisor tool. We’ve partnered with the Financial Planning Association of Canada (FPAC) to create a directory of credentialled advisors providing financial planning and investing services across Canada. All of the advisors in our Find a Qualified Advisor t.... More »
The best charities to donate to for impact in Canada for 2023 Nov 8th
“Return on investment.” It’s a phrase many Canadians are familiar with in terms of business decisions and investment portfolios. But it’s not necessarily top of mind when people choose a charity to donate to. And that’s understandable. Canadians support charities for a lot of different rea.... More »
Stock news for investors: Cenovus boosts MEG Energy stake to 9.8% + MORE Oct 17th
Here’s a round-up of news for Canadian investors this week.
Cenovus-MEG Energy
Parkland-Sunoco
Cineplex
Featured RRSP Accounts
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EQ Bank
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Understanding Hack Attacks on Cryptocurrency
– investitwisely.com
You’ve probably heard many good things about cryptocurrency; how people reaped good returns after Bitcoin’s unit price skyrocketed. You want in on the virtual currency gravy train and have some extra cash to spare for this venture. But maybe you’re a bit hesitant.Unlike traditional investment instruments backed by tangible commodities and regulated by the government, crypto seems a bit up in the air. These currencies are tokens or bits of data stored on different computer systems. What if cybercriminals attack those systems? Viruses, malware, ransomware, and other kinds of common threats can affect systems hosting cryptocurrency.
Phishing and Malware
We all know what a phishing attack looks like, an unsolicited email from a legit-looking source asking for your personal information. Innocuous as it seems, this is how one of the biggest cryptocurrency hacks began. Such emails are not entirely random shots in the dark. Attackers do plenty of digging around to see what things pique their targets’ interests to increase the chances of them clicking the email open…
