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60 days - 2.00% + MORE Nov 11th
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online..... More »
Can you lose all your money in a TFSA? + MORE Feb 3rd
Q: I never thought of the TFSA as an investment, because I use my RRSP to invest. I use my TFSA as a savings account but does that mean the money isn’t protected? Could I lose all that money?
—Maria Vasilescu, Kitchener, Ont.
A: If you hold cash or GICs in your Tax-Free Savings Account (TFSA),.... More »
90 days - 1.75% + MORE Jun 29th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
How to talk to your parents about crypto Mar 14th
After hearing countless success stories from crypto investors on social media, Martin Dasko, a 36-year-old money blogger in Toronto, could no longer ignore the hype. His father happened to be an early adopter of the cryptocurrency ether (the native coin of the Ethereum platform). But when .... More »
The best banks in Canada + MORE Jun 23rd
Banking
The best banks in Canada for 2023
With so many options, finding the right bank can be a daunting task. We outline the best banks in Canada for different banking needs.
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Fannie's Fake Victory Lap
– online.wsj.com
The mortgage giant’s profits don’t offset the cost of the financial crisis.
Asia stocks drop after rise in China property prices loses some momentum
– canadianbusiness.com
MANILA, Philippines – Asian stock markets mostly fell Monday after a slower increase in Chinese property prices added to jitters about the strength of the world’s No. 2 economy.
China’s Shanghai Composite Index slid 2 per cent to 2,070.70 and Hong Kong’s Hang Seng shed 1.3 per cent to 22,278.95. Japan’s Nikkei 225 stock average was down 0.7 per cent at 14,770.17.
In China’s 70 biggest cities, average price increases in January for new housing were down 0.7 percentage points from December’s rise, while that for secondhand homes declined by 0.4 percentage points. Year-on-year price increases remain substantial, however, at over 20 per cent for the eight cities with fastest growth in prices.
Still, the figures sparked a sell-off in mainland developer shares and come on top of a HSBC survey last week that showed a second straight month of contraction in China’s manufacturing. An official manufacturing survey is due later this week.
“There will be plenty of nerves that this release could also disappoint,” said Stan Shamu, strategist at IG Markets in Melbourne, Australia…
China’s Shanghai Composite Index slid 2 per cent to 2,070.70 and Hong Kong’s Hang Seng shed 1.3 per cent to 22,278.95. Japan’s Nikkei 225 stock average was down 0.7 per cent at 14,770.17.
In China’s 70 biggest cities, average price increases in January for new housing were down 0.7 percentage points from December’s rise, while that for secondhand homes declined by 0.4 percentage points. Year-on-year price increases remain substantial, however, at over 20 per cent for the eight cities with fastest growth in prices.
Still, the figures sparked a sell-off in mainland developer shares and come on top of a HSBC survey last week that showed a second straight month of contraction in China’s manufacturing. An official manufacturing survey is due later this week.
“There will be plenty of nerves that this release could also disappoint,” said Stan Shamu, strategist at IG Markets in Melbourne, Australia…
The best mutual funds for growth
– theglobeandmail.com
Investing professionals give their top picks for those looking for quality long-term bets
Commentary text of internal gov’t report on Cda’s struggling middle class
– canadianbusiness.com
OTTAWA – An internal federal government report from last fall chronicles the economic struggles of Canada’s middle class. Here is the text of the running commentary that accompanies the tables and graphs in the document, entitled “What we know about the middle class in Canada”:
There is a slight hollowing out of the middle class in Canada.
The ’2 parents-2 kids’ stereotype is not representative of the middle class anymore.
The majority of middle-income Canadians live in Ontario or Quebec.
Most middle and higher-income families are headed by a man but decreasingly so.
Heads of middle-income families are getting older … and more educated.
The market does not reward middle-income families so well … as a result they get an increasingly smaller share of the earnings pie.
The wages of middle-income workers have stagnated … and they get lesser government support for work transitions.
Middle-income Canadians are no more likely to move up than down the income ladder…
There is a slight hollowing out of the middle class in Canada.
The ’2 parents-2 kids’ stereotype is not representative of the middle class anymore.
The majority of middle-income Canadians live in Ontario or Quebec.
Most middle and higher-income families are headed by a man but decreasingly so.
Heads of middle-income families are getting older … and more educated.
The market does not reward middle-income families so well … as a result they get an increasingly smaller share of the earnings pie.
The wages of middle-income workers have stagnated … and they get lesser government support for work transitions.
Middle-income Canadians are no more likely to move up than down the income ladder…
