Young Canadians sue CPP Investments over climate risks + MORE Oct 30th
Having a financial plan more than doubles your retirement confidence—here’s why so many Canadians are skipping it + MORE Oct 9th
Tesla Stock Rises After Analyst Price Target Increase. So Much for the Bear Market. - Barron's Jan 3rd
How financial journalists plan their own retirement + MORE Aug 13th
Is VFV a good buy? What about other U.S. ETFs with even lower fees? Sep 4th
Making sense of the markets this week: May 26, 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.
Canadian inflation is down—mostly thanks to lower grocery prices
Believe it or not, the prices of the groceries in your shopping cart haven’t gone up much since last year.
Prices went up a lot in the preceding three years, and although they’re not coming back down, at least they’re not rising as quickly.
Statistics Canada released the latest Consumer Price Index (CPI) numbers on Tuesday. April’s year-over-year increase of 2.7% is the lowest inflation reading since March 2021. Lower price increases for meat products were the main contributor to the mild 1.4% food price increase. Other grocery items with relatively low price increases were non-alcoholic beverages, bakery products and cereals. Fruits, nuts and seafood actually came down in price in April.
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The best credit cards in Canada for 2024
– moneysense.ca
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The best credit cards in Canada for 2024
Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport lounge access, we can help.
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The best rewards credit cards in Canada for 2024
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Why trust us
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 experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers…
The best GIC rates in Canada for 2024
– moneysense.ca
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The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Why trust us
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 experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
By Keph Senett and Justin Dallaire on May 24, 2024Estimated reading time: 22 minutes
Currently, Canadians can find many GICs with rates in the 4% to 5% range—that’s good compared to a few years ago, but not quite the 6% you could get last fall…
