How to deal with your finances when the economy is stressing you out Mar 5th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Who would have thought that just a few month ago, all we had to “worry” about was the ongoing pandemic, high interest and inflation rates, and high grocery and housing costs. We’re three months into 2025 and so far we’ve had tariffs on Canadian goods threatened in February, then actual tariffs go into effect March 4—which may or may not be rolled back. We’ve had a month-long (so far) boycott of anything American and Canadians educating ourselves on the difference between “made in Canada” and “produced in Canada.” Interest rates and inflation rates dropped, but now we’re facing a possible increase in inflation and a recession.

To no one’s surprise, money remains a primary concern for many Canadians. As of last year, it was the top stressor for 44% of Canadians, up from 40% the year before, according to FP Canada’s annual Financial Stress Index. With everything that’s going on, budgeting and planning for retirement feels pointless. Why is it so hard to make financial planning and investing decisions when you’re overwhelmed? Glad you asked…

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