How to go about securing the best rate and plan for your credit card in Canada.
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The best GIC rates in Canada for 2024 + MORE Aug 26th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
US mission in Cuba, focal point for tensions and quiet diplomacy, to become embassy amid thaw Dec 28th
HAVANA – A half-century after Washington severed relations with Cuba, the United States’ seven-story mission looms over Havana’s seaside Malecon boulevard as the largest diplomatic outpost in the country.
Cuban guards stand at close intervals on the street outside, and islanders li.... More »
Mar 24 Update: Canada's Top Travel Credit Cards for 2015, last day to enter our Aeroplan Contest, AAdvantage & Dividend Miles to merge on March 28 + MORE Mar 25th
The biggest news day of the year for Rewards Canada is here! News, Tips & TricksThe big news today is the release of our Top Travel Rewards Credit Cards for 2015! This is the seventh year we have released these rankings! I never imagined how big these would get when our first rankings came out .... More »
New welcome bonus of up to 60,000 TD Rewards Points with the TD First Class Visa Infinite Card + MORE Sep 10th
A new offer came out today for TD's premier proprietary rewards cards, the TD First Class Travel Visa Infinite Card. The new offer is for up to 60,000 TD Rewards Points along with first year no annual fee for the primary card and first additional card. This is a limited time offer that ends on Novem.... More »
Secret Service probes link between border arrests, Target data breach + MORE Jan 22nd
The U.S. Secret Service said on Tuesday it was checking for links between the recent hacking of consumer data from Target Corp and the weekend arrest of two Mexicans who tried to enter the United States at a Texas border crossing with a cache of fraudulent credit cards..... More »
How mutual funds and ETFs really get results
– moneysense.ca
Pick up almost any financial magazine or newspaper and you’ll find full-page ads touting the recent performance of mutual funds and ETFs. What’s the reason for their outperformance? The fund companies will give the credit to the genius of the manager, but there’s a way you can tease out a more complete explanation: it’s called factor analysis.Don’t worry, I’m not going to get all mathy on you—well, maybe a little bit. Performing this kind of analysis is complicated, but understanding the basic ideas doesn’t require a a Ph.D. in statistics. We know investment returns come from exposure to known risk factors (or premiums), and every equity portfolio is exposed to these in varying degrees. What we want to learn is how much each factor contributed to the fund’s returns. If the fund outperformed or under-performed its benchmark, factor analysis can tell you why.
Just the factors, ma’am
What are the risk factors? The first is the market premium (or equity premium), which is simply the expected excess return from stocks compared with risk-free investments like T-bills…
Why You Should Care About Retirement In Your 20s
– ratesupermarket.ca
If you’re a millennial today, you have a lot on your mind. Between your career, buying a house, and starting a family, it can be tough to fit savings into the mix. A common dilemma faced by today’s youth is whether to focus on saving for retirement or paying down student debt. Contrary to popular belief, neither are mutually exclusive; with discipline and the right financial road map, your financial dreams can become reality.
The New Retirement Reality
When it comes to retirement savings, the onus has shifted from employers to employees. Today fewer than 60 per cent of workers are covered by a workplace pension plan and that’s only expected to get worse. In a consumerist society of cheap credit, where savings have gone by the wayside, you could be in for a rude awakening come retirement. You should be prepared for a 30 per cent on drop in your standard of living on average in your golden years. Rather than accept this bleak retirement reality, millennials can take some important steps today that will pay big dividends in the future…
