All about Canadian Savings. Learn the ins and outs and get the latest news.
Latest News
Why too much cash hurts investors + MORE Nov 2nd
You spent decades scrimping and saving to build up your retirement nest egg. And yet a lot of Canadians let inflation eat into their precious portfolio by leaving too much of it exposed, in cash.
Sure, there is a role for some cash. You’ll want to keep some accessible for household emergencies. A.... More »
Mortgage or retirement savings? Where to get the most bang for your extra bucks + MORE May 8th
Not sure how to make a savings plan? Read on...
This Toronto millennial makes $60,000. He wants to organize his finances and build his savings. How can he start? - thestar.com“Personal finance can be complicated even though my life seems rather uncomplicated,” Michael said.Continue Readin.... More »
BREAKING: The Bank of Canada Cuts Interest Rate to 0.75% + MORE Jan 27th
The Bank of Canada is officially worried about the drop in oil prices – so much so that they have cut central interest rates for the first time since September 2010. The BoC announced this morning in their January rate announcement that the overnight lending rate, which sets the Prime rate (t.... More »
Two-Thirds of Canadians Saving for Retirement: Census 2016 Sep 28th
According to census data recently released by Statistics Canada, almost two-thirds (65.2 per cent) of Canadian households are reportedly saving for retirement.
Of the 14 million households that made a contribution, 30.1 per cent used a registered pension plan, 35 per cent used a registered retireme.... More »
Can my ETF pay me $3,000 a month in retirement? + MORE Feb 1st
Different investment products need to be tapped in different ways to generate income in retirement. (Flickr)
Q. I have $500,000 that I would like to invest in the Horizons S&P/TSX 60 Index ETF (HXT). I like the fact that this ETF does not make distributions, so there is no income tax to be paid .... More »
Your Cyber Monday and Black Friday Guide in Canada 2013
– ratesupermarket.ca
Cyber Monday and Black Friday have long been American shopping traditions, and the unofficial kick off for the holiday spending season. Over the past few years, these massive savings have been making their way north of the border, with Canadian retailers offering their own Black Friday Cyber Monday sales (after all, we Canucks love to save too!). Starting November 29, 2013. and often lasting into the first week of December, be prepared to cash in on rock bottom discounts from your favourite retailers.
And this year, more than 50 per cent of Canadian shoppers plan to take part in the spending frenzy – a whopping 15 per cent more than in 2012. With so many vying for the best deals, it’s important to be on top of your shopping game.
Here’s everything Canadians need to know about Black Friday and Cyber Monday Canada this year. Ready, set, SHOP!
Deal Special: Get a FREE $100 Gift card!
Upon approval of one of our site’s most popular credit cards.
Score the Best Deals At RateSupermarket…
6 money-saving tips for a happy New Year
– canadianliving.com
Try these six money-saving tips over the holidays, to get a head start on your savings for the new year.
Black Friday / Cyber Monday Special Edition
– ratesupermarket.ca
Greetings, Money Wise readers – and welcome to your BlackFriday Roundup Special Edition! This week, we’re on the subject of all things Black Friday and Cyber Monday – two of the biggest shopping events in North America – so big, in fact, that they rival Boxing Day.
Black Friday falls on the first Friday following American Thanksgiving – and symbolizes the day retailers see their profits go from red to black (hence the name). However, Canadians are getting in on the savings action – 50% more plan to hit up the malls this year. Here’s what you need to know for some serious savings.
Black Friday Deals Canada: Are The Door Crashers Worth It?
Admit it – you NEED that new big screen 3D tv – and you’re dead set on scoring one for next to nothing at your local Black Friday blowout. Rock bottom prices are certainly a big draw for savvy deal hunters – but are you falling for some marketing mumbo jumbo?
Great deals abound on this great day of shopping – but not all sales are created equal…
Ignoring the Bull: Why GICs Are Still Worth Your Attention
– ratesupermarket.ca
In today’s low interest environment, pickings are slim for savers and risk averse investors. The historically low mortgage rates we’ve seen over the past year? Fantastic for home buyers – not so much for savings account or bond customers.
And, with the recent uptick enjoyed by market indexes (the Dow Jones and S&P 500 both hit all time highs this week), it can be a tough argument indeed for taking a conservative investing approach.
Stick To The Investing Basics
While your current stocks or mutual fund investments may be on fire, it’s still important to spread out risk exposure on your assets. After all, should there be another market crash – barring a nation-wide bank meltdown – those parts of your portfolio will be less affected.
When it comes to low risk investing, Guaranteed Investment Certificates lead the pack. They’re stable (you’ll always receive your principal amount back as a minimum), they’re flexible, and comparatively speaking, they boast higher interest returns than their savings counterparts…
