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Making sense of the markets this week: July 7, 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.
Checking in on our 2024 market predictions
As we celebrated Canada Day this past week, the first half of 2024 is officially in the books.
Being that it was a bit of a slow week in the markets due to Canada Day here and Independence Day in the U.S., we decided that this would be our opportunity to check in with some of our 2024 predictions we made six months ago.
Asset performance highlights for 2024
Here’s how some major assets have performed so far this year (all in Canadian dollars).
Canadian stocks up 6.4%
U.S. stocks up 20%
International stocks up 9.1%
Canadian bonds (as measured by the ZAG ETF) down 1.78%
Gold up 24.7%
What are the best ETFs for Canadian investors?
Read article
Prediction: Canada’s TSX 60 will gain 15%, outperforming the 8% gain for the S&P 500
So far, this forecast isn’t going so great…
How to find a budgeting app that works for you
– moneysense.ca
“It was interesting to track my spending over time,” Prince said.
For her, it wasn’t just about tracking her monthly expenses, it was also seeing how her spending patterns changed over the years.
“I started out as an intern, then started making more money and travelling, and my habits changed,” she said. Prince was mostly aware of her habits but the budgeting app helped her put numbers into perspective and track every dollar spent on commutes, ride-share trips and personal care.
The best financial apps in Canada
Read now
Do budgeting apps work?
Sandra Fry, a credit counsellor with Credit Counselling Society, said people often find it challenging to record expenses on a day-to-day basis but an app can do that heavy lifting for them.
A budgeting app can put bank accounts, credit cards, loans and investments in one place to help provide a broader financial picture…
The best GIC rates in Canada for 2024
– moneysense.ca
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Compare highest rates
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.
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