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$70B Anglo-Teck merger faces Ottawa review, shareholders react positively + MORE Sep 10th
In what’s shaping up to be the world’s biggest mining deal of the past decade, Teck Resources Ltd. has agreed to a tie-up with London-headquartered Anglo American PLC to create a copper-focused giant worth about $70 billion.
The companies have proposed the deal as a “merger of equal.... More »
The first $100,000 is the hardest to save for newcomers Nov 26th
Immigration has become a contentious political issue in both the United States and Canada in recent years. A big reason is the perception that newcomers to these countries are competing for jobs and driving up the cost of housing. The re-election of Donald J. Trump is almost certain to make this an .... More »
The best 5-year fixed mortgage rates in Canada May 22nd
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
How to invest in Canadian bank ETFs + MORE May 22nd
Though they’re well represented in Canadian stock indices, you can see why some investors would want even more exposure to Canadian banks. They have enviable dividend growth histories and ample current yields. They offer relatively stable earnings that are not vulnerable to global tariffs or suppl.... More »
Do you need a planner if you’re a DIY investor? May 21st
In today’s digital age, there’s an increasing number of Canadians who choose do-it-yourself investing. Online brokerages and low-cost trading platforms allowed for a new style of investing to emerge: a new generation of DIYers. We’ve seen a shift in the financial planning industry. Well, self-.... More »
10 simple ways to save money
– moneysense.ca
As the cost of living increases for Canadians, having a savings strategy has never been more important to ensure you can live comfortably in the future. But many are unsure where to start. Not having a thought-through plan or having one that is too rigid and demanding can easily push you off track. That’s why it is essential to find strategies that work for you.
“The most important thing is to develop the habit of saving,” says Ayana Forward, a fee-only Certified Financial Planner (CFP) in Ottawa. So what are some easy ways to start saving without sacrificing too much from day to day?
1. Set mini goals as part of your long-term plan
“Saving money really comes down to self-discipline and goal setting,” says Brent Vandekerckhove, a financial advisor with RGF Integrated Wealth Management in Vancouver, B.C. To start, decide what you’re saving for and calculate how much money you need to meet your goal. Whether it’s saving for a car, a house, retirement or anything in between, your goal should be specific and measurable, as this will help you stay on track, says Vandekerckhove…
