How to go about securing the best return for your investment in Canada.
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U.S., Israel launch ‘massive and ongoing’ attack on Iran - The Globe and Mail Feb 28th
U.S., Israel launch ‘massive and ongoing’ attack on Iran The Globe and MailMultiple Gulf Arab states that host US assets targeted in Iran retaliation Al JazeeraExplosions Heard In Abu Dhabi, Qatar Intercepts Iranian Missile NDTVIran targets US bases amid joint US.... More »
Calgary Is Converting Abandoned Offices Into Housing Oct 16th
When Maxim Olshevsky stepped inside 909 5th Ave. SW, a 10-storey building in downtown Calgary, he could have sworn he was looking at the aftermath of a zombie apocalypse. Frayed cubicle walls loomed over piles of expired contracts; name tags lay abandoned on dust-blanketed desks. To most, this would.... More »
How much to take out of your RRSP in your 60s + MORE Nov 3rd
Many retirees have the bulk of their retirement savings in registered retirement savings plans (RRSPs) or similar tax-deferred registered accounts. RRSPs need to be used to buy an annuity or more commonly converted to a registered retirement income fund (RRIF) by Dec. 31 of the year someone turns 71.... More »
Rental income and taxes: What’s new for Canadian property owners in 2025 + MORE Apr 14th
Canadians love their real estate and they love renting their properties to make some extra money. However, that comes with some tax audit risk and the need to stay in the know of current tax law. Here’s what you should be thinking about for your 2024 and 2025 income taxes, as well as the forms you.... More »
How to stop procrastinating and cross two major money moves off your list + MORE Feb 11th
Dying intestate is a term that means someone has died without a will. Dying without a will means that the government gets to use provincial laws to decide how to distribute your estate and appoint your executor.—Willful.co, “Dying Without A Will In Canada.”
In 2013, my father took his own.... More »
What Is Going On With the Stock Market—and What You Should Do With Your Money
– canadianbusiness.com
There are signs everywhere that we are headed towards an economic downturn. In May, the S&P/TSX composite index dropped below 20,000 for the first time since June 2021. On June 13, the S&P 500 fell into a bear market—a 20 per cent decline from January. Inflation is at a 31-year-high of 6.8 per cent, and on June 1, the Bank of Canada hiked interest rates 50 points. In the United States, the yield curve inverted in March—an indicator a recession may be coming.
It would be easy to look at these facts and freak out a little. The world is still facing an ongoing war in Ukraine, tech stocks aren’t as strong as they were during the height of the pandemic and governments worldwide are fighting inflation. Combined, this can be a challenging market for investors.
But as the Hitchhiker’s Guide to the Galaxy says: don’t panic. You can still hang on to your investments, and, with a little patience, maybe even make some money in the stock market.
What should I do with my investments right now?
While it can be tempting to make a rash decision based on dropping share prices, think before you act…
