Stock news for investors: Groupe Dynamite and Empire Co. release earnings + MORE Jun 20th
“We’re well off in retirement. How can we pay less tax?” + MORE Aug 29th
Stock market news for investors: Shopify’s new exchange, Google’s acquisition, Nvidia’s launches and OTPP’s performance Mar 21st
Stock news for investors: Rogers posts loss, Teck profit surges Jul 25th
25 personal finance highlights from the last 25 years
– moneysense.ca
Over the last 25 years, personal finance in Canada has transformed enormously. Major economic shifts, new technology and evolving consumer behaviour have led to new policies and events. Here are some of the most interesting personal finance developments in the last two and a half decades:
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1. 1999: No longer did Canadians have to wait until they retired to access their registered retirement savings plans (RRSPs). The government introduced the Home Buyers’ Plan, whereby first-time home buyers can make a tax-free withdrawal from their retirement savings to fund a down payment on a home…
What does high inflation mean for your retirement savings?
– moneysense.ca
After decades of steady inflation that more or less stayed within the Bank of Canada’s target range of 1% to 3%, inflation soared to a decades-high rate of 8.1% in June 2022. The central bank cranked up interest rates to squash inflation, but the rate of price growth stayed stubbornly above the 2% target for another two years.
Thankfully, this past August’s inflation print hit the bull’s-eye of 2%, and September’s CPI was even lower, at 1.6%. With the inflation beast finally tamed, the Bank of Canada and its American counterpart, the U.S. Federal Reserve, have started lowering interest rates in hopes of avoiding a recession and nailing a so-called “soft landing.”
With that ugly period of high inflation now in the rearview mirror, what’s an investor to do with their portfolio?
How inflation can affect an investment portfolio
Historically, stock and bond returns have beat inflation over long periods of time, but both assets tend to perform poorly during periods of high inflation…
