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Powell: If economy does as expected with think carefully cutting rates to begin this year - ForexLive + MORE Mar 7th
Powell: If economy does as expected with think carefully cutting rates to begin this year ForexLiveAt the open: North American stock markets start higher ahead of Powell's testimony The Globe and MailWatch Fed Chair Powell testify live before Senate Banking Committee .... More »
Is VFV a good buy? What about other U.S. ETFs with even lower fees? Sep 4th
With an average management expense ratio (MER) of 0.09% and collective assets under management (AUM) approaching $40 billion, exchange-traded funds like the Vanguard S&P 500 Index ETF (VFV), the BMO S&P 500 Index ETF (ZSP) and the iShares Core S&P 500 Index ETF (XUS) are some of the most.... More »
Your home sold—now what? + MORE Nov 12th
If you’ve sold your home or are planning to soon, you may have a large amount of cash that needs a temporary parking spot while you prepare for your next move. A regular savings account pays very little interest—so unless you need the money right away, it makes sense to seek higher returns.
S.... More »
What to do if you went over your RRSP contribution limit Jun 19th
Ask MoneySense
I overcontributed to my RRSP by accident, and I am looking for some advice on how to deal with it. I contributed $3,550 to my 2022 RRSP in October 2022. I then forgot I made this contribution and again in February 2023 I made a $3,550 contribution.
What options to I have to address.... More »
Women and money: Taking control of your personal finances May 11th
They’re “Mom” to their kids and “boss” to everyone else. Across Canada, women continue to break the glass ceiling in their careers and in business. We’re occupying more board seats at public companies—more than a quarter in 2022, compared to just over 20% in 2020, according to the most.... More »
What happens when you need additional contents insurance?
– moneysense.ca
When Anita Clarke bought her first townhome in Toronto’s west end last year, she started researching insurance policies. The 47-year-old senior managing editor at Shopify previously had tenant insurance with a contents limit of $90,000. But, as she moved into her new home, she wanted to make sure her luxury clothing collection—composed of dresses by designers like Comme des Garçons, Maison Margiela and Greta Constantine—was adequately insured in case something ever happened to it.
“I [didn’t] need some actuary looking at a $2,500 Comme des Garçons dress and saying, ‘This is only worth $50,’” Clarke says. She was searching for a policy that would not account for depreciation in the value of her dresses—this was not an ordinary wardrobe, after all.
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Actual cash value vs replacement cost
After speaking with an insurance broker, Clarke was presented with various insurance policies whose contents coverage offered actual cash value…
