Find the best mortgage rates in Canada Feb 4th
New to Canada? Here’s how the Scotiabank newcomer offer can help Dec 17th
BoC held its rate on June 4—here’s why Jun 4th
Carney government to reveal economic statement on April 28 Apr 15th
Donald Trump’s economic delusions are already hurting America - The Economist Mar 6th
Common risks to retirement, investing and financial freedom
– moneysense.ca
No matter what stage of financial planning you are in, it is important to be aware of and understand the common risks to your retirement plan and financial stability. The Toronto Star published the following chart showing reasons why Canadians delay their retirement:
While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.
—Benjamin Graham
Inflation delays retirement for half of older Canadians
Results of a survey of Canadians older than 55 conducted in June 2022.
I have delayed (or plan to delay) my retirement because…I don’t have enough savings/investments62%Rising inflation/cost of living this year54%I have too much debt 40%My children still require financial support26%I love my job too much to quit 23%The COVID-19 pandemic 21%I am taking care of my partner/spouse13%I am taking care of my partner or other family member10%
The goal of this chapter is education, which, in my mind, is key to eliminating fear of the future…
Gemini is exiting the Canadian market, plus more crypto news
– moneysense.ca
Welcome to the Canadian Crypto Observer. In this new monthly column, financial journalist and author Aditya Nain will offer perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.
Regulators sound a wake-up call to crypto exchanges
Gone are the days of unregulated crypto investments in Canada—at least, that’s what investment regulators would like. On Aug. 6, 2024, the Canadian Securities Administrators (CSA)—the umbrella organization of securities regulators in Canada—issued its strongest guidance on crypto trading platform (CTP) registration to date. In this notice, the CSA reminded CTPs of their obligation to prioritize their applications for registration as investment dealers and membership with the Canadian Investment Regulatory Organization (CIRO).
How did we get here?
In March 2021, the CSA and the Investment Industry Regulatory Organization of Canada (now CIRO) spelled out the requirements for crypto trading platforms—commonly known as crypto exchanges—to become fully recognized, legitimate securities dealers in Canada…
