How to stake Cardano (ADA) in Canada + MORE Nov 14th

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From RRSP to RRIF—managing your investments in retirement + MORE Nov 19th

Retirement brings many changes in a person’s life and your investment portfolio is one of them. Tracy Andrade, a wealth adviser and certified financial planner at Marnoa Private Wealth Counsel, says it’s challenging for people to see their savings start to decline as they begin spending .... More »

Stock news: Barrick’s gold-fuelled profit boom leads a busy week of earnings + MORE May 20th

Here’s a round-up of news for Canadian investors this week. Barrick Cineplex Manulife Brookfield Canada Goose Canadian Tire Featured RRSP Accounts featured EQ Bank Bui.... More »

How to hang out with friends when you can’t afford to go out + MORE Oct 8th

Hayley Reid-Ginis knew her life was in for a shakeup when she decided to go back to college last September. She took on a student loan and had to cut some discretionary spending from her tightened budget—and even though she decided to continue working while going to school, it ultimately meant few.... More »

Can you file multiple years of income taxes together in Canada? + MORE Dec 26th

Tax season is approaching. Soon, more than 30 million Canadians will be filing their tax returns. Most Canadians file their taxes every year but according to a paper from Carleton University, as many as 12% of Canadians don’t, and aside from missing out on tax refunds, this is costing many low inc.... More »

Should I use retirement savings to pay off credit card debt? + MORE Jun 11th

Ask MoneySense Should you cash out some of your RRIF monies to pay down credit card debt or take out a loan at a bank or private lending? Thank you. —Marcia E. Does it make sense to pay off debt with savings or take out a loan? Thank you for your question, Marcia. You’ve worked hard to.... More »

Canada’s best credit cards 2022

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Canada’s best credit cards 2022

By Barry Choi, Julie Cazzin and Keph Senett on November 10, 2022

Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balance monthly and find the right rewards program for you, and you are sure to come out ahead. There’s a slew of credit card options out there, and it can be challenging to find the best deal—but this list of best credit cards in Canada is here to help…

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How to stake Cardano (ADA) in Canada

– moneysense.ca

Like other cryptocurrencies, ADA, the native coin of the Cardano blockchain, has been in a bear market since October 2021—meaning a recent pattern of price declines. Despite this downturn in crypto prices, Cardano seems to be a strong player among the public blockchains that offer smart contract functionality. (Smart contracts are automated digital agreements, written in code, for transactions between different parties.)

Because of a dedicated community of developers and supporters, ADA is regularly among the top 10 cryptocurrencies by market capitalization; as of November 2022, it’s the eighth-largest, with a market cap of nearly USD$12.8 billion.

Investors who hold this crypto coin have another route to potential gains: staking their ADA, which earns an estimated 4% to 6% annual percentage yield (APY) as a reward. It’s like putting money in a high-interest savings account and earning interest—except that staking rewards are not guaranteed, not paid in dollars and not protected by the Canada Deposit Insurance Corporation (CDIC)…

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Not sure what the best Savings strategies in Canada are? Be sure to get the best advice possible – Visit our Savings page for details.

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