Making sense of the markets this week: July 16, 2023 + MORE Jul 14th

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Justin Dallaire on making the right money decisions for you (not your bank) + MORE Nov 29th

Justin Dallaire joined the MoneySense team three years ago, bringing with him a wealth of business reporting knowledge. He oversees some of our most popular features, including the annual Where to Buy Real Estate list, first-time home buyer guide, credit card rankings and a wide range of mortgage an.... More »

AUGMENTED WORLD EXPO ANNOUNCES 2026 AUGGIE AWARD WINNERS, BEST IN SHOW AND XR HALL OF FAME LEGENDS - PR Newswire Jun 18th

AUGMENTED WORLD EXPO ANNOUNCES 2026 AUGGIE AWARD WINNERS, BEST IN SHOW AND XR HALL OF FAME LEGENDS  PR NewswireSnap unveils $2,195 AR glasses as CEO Evan Spiegel bets on post-smartphone future  CNBCIntroducing SPECS Augmented Reality Glasses  Snap NewsroomSnap Inc. Debu.... More »

Divorce and life insurance: How to make sure your family stays protected + MORE Feb 7th

Jay and Susan (not their real names) spent 15 years building a life together. They bought a house, adopted a dog and started a family—their two kids are the light of their lives. But due to a variety of reasons, they decided that they’d be better people, and better parents, separately rather tha.... More »

Kruger says $32M investment at Kamloops mill will boost tech, preserve jobs - Castanet Kamloops Sep 12th

Kruger says $32M investment at Kamloops mill will boost tech, preserve jobs  Castanet KamloopsView Full Coverage on Google News.... More »

Aritzia’s profit soars in Q3 Jan 11th

Aritzia Inc.’s net income jumped by almost 72% over the last year as the company’s e-commerce and U.S. revenues soared, but some of its financial figures also showed softness in the Canadian market. The Vancouver-based apparel retailer announced Wednesday that its third-quarter net income tot.... More »
The best instant approval credit cards in Canada for July 2023

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The best instant approval credit cards in Canada for July 2023
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CardDetailsBest for instant useCanadian Tire Triangle Mastercard*• Annual fee: $0• After being approved, start shopping instantly online• Use with Apple Pay or Google Pay apps to make purchases before you receive your physical card in the mailBest for overall rewardsAmerican Express Cobalt*• Annual fee: $156• 5 points per $1 on groceries & dining• 3 points per $1 on streaming services• 2 points per $1 on travel, gas & transit• 1 point per $1 on everything elseBest for no-fee rewardsPC Financial Mastercard*• Annual fee: $0• 25 points per $1 at Shoppers Drug Mart• 30 points per $1 at Esso/Mobil• 10 points per $1 on everything elseBest for cash backSimplyCash Preferred Card from American Express*• Annual fee: $120• 2% unlimited cash back on all purchases • 4% back on gas and groceries up to $1,200 in cash back annuallyBest secured cardHome Trust Secured Visa*• Annual fee: $0• Standard interest rate of 19…

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Making sense of the markets this week: July 16, 2023Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.

Hello again, MSOTM readers. I’m back from an all-too-brief summer vacation, and I’m ready to zero in on where the markets are headed. A big thanks, as always, to Dale Roberts for pinch-hitting while I was away.

Canadian mortgage holders suffer another rate hike

The Bank of Canada (BoC) delivered another widely expected 0.25% interest rate hike on Wednesday. The last time interest rates were this high was April 2001. Beyoncé was still fronting Destiny’s Child and this year’s recent college graduates weren’t even born yet. 

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