Making sense of the markets this week: January 21, 2024 Jan 19th

All about Canadian investments. Learn the ins and outs and get the latest news.

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Nvidia’s earnings: Blackwell AI chips play into (another) stock price rise + MORE Nov 21st

Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. For the three months that ended Oct. 27, the tech giant based in Santa Clara, California, posted revenue of $35.08 billion, u.... More »

Canada’s economy news: Are we growing enough? + MORE Oct 31st

The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of 1% in the third quarter. Statistics Canada’s gross domestic product report Thursday says growth in services-producin.... More »

A parents’ guide to home down payment gifts and loans + MORE Aug 20th

It used to be that parents budgeted for post-secondary education or contributing to the costs of a child’s wedding. But now, I am increasingly finding parents planning for home down payment gifts. The statistics support this and show an increase in down payment help in recent years. A CIBC stud.... More »

The best student credit cards in Canada for 2024 + MORE Oct 7th

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 »

10 common crypto scams and how to avoid them + MORE Sep 16th

Cryptocurrency investing offers new and exciting opportunities, but it’s also rife with scams and tech-savvy con artists. And since the crypto space remains largely unregulated, it’s often difficult to distinguish between genuine investment opportunities and scams. In just the first half of 2.... More »

Making sense of the markets this week: January 21, 2024

– moneysense.ca

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

Bitcoin goes mainstream—the exact stream that was supposed to run dry

I remember a few short years ago, bitcoin truthers were all about sticking it to the big financial companies and proving that they didn’t need traditional platforms.

“Keep your fiat currencies and your archaic trading systems!”

“Bitcoiners can buy and sell whenever they want, in whatever way the ‘revolutionary blockchain’ would allow.”

“All hail technological progress!”

That’s why I found it surprising how much hype there was last week for the big “Cointucky Derby” that saw 11 new bitcoin exchange-traded funds (ETFs) hit U.S. stock markets at the same time.

Suddenly, traditional financial stalwarts, like Fidelity and Blackrock, were not to be replaced and looked down upon as “yesterday’s money…

Continue Reading On moneysense.ca »

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