All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Aimee Schalles on confronting your marriage’s hard questions early Jul 10th
Aimee Schalles is a lawyer in Revelstoke, B.C., and co-founder of Jointly, a legal platform designed to help Canadian couples obtain affordable, legally valid prenuptial, postnuptial, and cohabitation agreements as part of their financial planning. She’s seen friends and relatives go through chall.... More »
Ontario appoints supervisor to run Conestoga College after audit exposing ‘serious mismanagement’ - Toronto Star May 7th
Ontario appoints supervisor to run Conestoga College after audit exposing ‘serious mismanagement’ Toronto StarOntario appoints administrator to run Conestoga College, citing financial mismanagement The Globe and MailLILLEY: Conestoga board approved John Tibbits’ $3M payou.... More »
Stock market news for Canadian investors: Eli Lilly, BCE and more + MORE Feb 7th
Companies that reported earnings this week
Canada Goose
BCE
Bombardier
Suncor
Thomson Reuters
Eli Lilly
Lightspeed
Canada Goose (TSE: GOOS)
Q3 profit: $139.7 million or $1.42 per diluted share, up from $130.6 million or $1.29 per diluted share a year earlier
Q3 .... More »
How AI is changing online fraud May 13th
Just as we learned to ignore random dubious email requests from a self-described “Prince in a faraway land” seeking help recovering their lost fortune, those scams began to disappear. The same might soon happen to the latest generation of emails and text ruses, with its tell-tale conspicuous mis.... More »
What is Sun Life’s new decumulation product? + MORE Oct 30th
Late in September, Sun Life joined a small group of Canadian financial firms offering would-be retirees a decumulation product designed to help pensioners make the often-tricky transition from saving and accumulating wealth to drawing it down. It’s called MyRetirementIncome.
In doing so, it joi.... More »
How much income do I need to qualify for a mortgage in Canada?
– moneysense.ca
Buying a home in Canada isn’t for the faint of heart—or light of wallet. Home prices have steadily trended higher over the past decade, coming to a national average of $698,520 in March 2024. That’s a 75% increase compared to January 2014, and it marks a whopping dollar difference of $398,119, according to the Canadian Real Estate Association (CREA). How much money do Canadians need to earn, on average, to afford a house?
Affordability conditions aren’t likely to improve anytime soon, despite the optimism that mortgage rates will stabilize; a monthly study conducted by Ratehub.ca reveals it has become increasingly tougher to afford a home since the start of the year. (Ratehub and MoneySense are both owned by Ratehub Inc.) The study gauges affordability by calculating the minimum annual income required to purchase the average-priced home in 13 of Canada’s major housing markets, based on real estate data, as well as average mortgage and stress test rates. It measures the trends in affordability on a month-to-month basis, as rates and home prices fluctuate…
