Applying for your first credit card? Here’s what you should know before getting one + MORE Feb 3rd

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The best student credit cards in Canada for 2024 + MORE Aug 30th

When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »

Debt collection in Canada: What collectors can and can’t do Dec 15th

When bills go unpaid, that’s when the calls from creditors can start. At home, at work, by phone or mail—they’ll reach out in every way they can to get you to pay. Debt collectors are obligated to follow specific rules about how they make contact and what information they can request; h.... More »

Can challengers like EQ Bank and Wealthsimple take on the big banks? Sep 26th

It’s not easy going up against Canada’s banking oligopoly, but some are trying. Challengers like EQ Bank and Wealthsimple are rolling out new and cheaper offerings, growing their base and gaining brand recognition. But experts say that rather than creating a disruptive threat to the big banks.... More »

The best Visa credit cards in Canada for 2024 Nov 7th

Credit card comparison tool Compare your Visa options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more. powered by Why trust us MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999.... More »

The best high-interest savings accounts in Canada for 2026 + MORE Mar 16th

Savings comparison tool Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance. Advertisement Why trust us MoneySense is an.... More »

Applying for your first credit card? Here’s what you should know before getting one

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The convenience of making purchases with your credit card comes with many advantages, like rewards, perks and a solid credit history. However, if used irresponsibly, this financial tool can lead to unmanageable debt and a low credit score. So, how can you be a responsible credit card owner? I will explain how credit cards work, what to look for in a credit card, and the proper way to handle one.

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Are ETFs a good investment for an all-weather portfolio?

– moneysense.ca

For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investments—suffered losses in 2022, as central banks hiked interest rates. Meanwhile, stocks look determined to retreat from the all-time highs they reached in the year following the short-lived initial COVID bear market.

It’s true short-term bank savings accounts and guaranteed investment certificates (GICs) seem relatively safe from both stock meltdowns and precipitous rises in interest rates, but now there’s the added scourge of rising inflation. Even if you can earn 5% annually on a GIC, if inflation is running at 6%, you’re actually losing 1% a year.

Are ETFs a good investment for an all-weather portfolio?

It’s tempting to throw your hands up and retreat to those much-praised asset allocation exchange traded funds (ETFs). You can use these types of investments to simulate the classic pension mix of 60% stocks to 40% bonds through Vanguard Canada’s VBAL or similar ETFs from rivals, including iShares’ XBAL and BMO’s ZBAL…

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