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Oliver says no major shift in mortgage policy for now Sep 22nd
Finance Minister says government as no immediate plans amid speculation policymakers want banks to take more of the risk in mortgage lending
.... More »
The Best Credit Cards for Dining Out Jan 2nd
The year 2020 may bring new resolutions, promises to hit the gym, and positive aspirations for the start of the decade. It also comes with rising housing expenses, gas costs, and food prices. But don’t let that bring you down. With a rewards credit card, you can earn points or money back just by .... More »
Business Highlights Feb 9th
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Is your doctor’s office the most dangerous place for data?
INDIANAPOLIS (AP) — Everyone worries about stolen credit cards or hacked bank accounts, but just visiting the doctor may put you at greater risk for identity fraud.
Those medical forms you give the receptionist and send to your h.... More »
Sault Chamber reacts to provincial budget - SooToday.com + MORE Mar 29th
Sault Chamber reacts to provincial budget SooToday.comMayors from Waterloo region share their wins and disappointments from Ontario's 2026 budget cbc.caOntario’s budget banks on a housing resale rebound in 2026 — but real estate players aren’t so sure thestar.c.... More »
Read the deal Greece reached with eurozone leaders + MORE Jul 14th
LOUISA GOULIAMAKI/AFP/Getty Images
BRUSSELS — After months of acrimony, Greece finally clinched a bailout agreement with its European creditors on Monday that will, if implemented, secure the country’s place in the euro and avoid financial collapse.
The terms of the deal, however, will be p.... More »
Poor financial advice is everywhere
– moneysense.ca
“That’s one of the worst pieces of advice I’ve ever heard in my life,” MoneySense contributor, financial analyst and former adviser Preet Banerjee told CBC Marketplace co-host Erica Johnson after viewing hidden camera footage of a big bank financial adviser telling an undercover customer that her $50,000 initial investment could grow $10,000, even $20,000, a year if conservatively invested.
In its recent investigative report, entitled “Show Me The Money,” CBC Marketplace found a wide range in the quality of advisers working at major banks and financial institutions. Some proved to be knowledgeable and prudent while others were unable to explain fees on popular products such as mutual funds. Some did not perform basic risk-assessments or ask the “client” about their debt levels.
A good financial adviser can help get, and keep, you on the right track but a bad one can steer you wrong completely. The reality is “financial adviser” is not a protected term and professionals are not required to be licensed to dole out advice so it’s up to you, the consumer, to understand the certifications out there and how fees are structured…
In its recent investigative report, entitled “Show Me The Money,” CBC Marketplace found a wide range in the quality of advisers working at major banks and financial institutions. Some proved to be knowledgeable and prudent while others were unable to explain fees on popular products such as mutual funds. Some did not perform basic risk-assessments or ask the “client” about their debt levels.
A good financial adviser can help get, and keep, you on the right track but a bad one can steer you wrong completely. The reality is “financial adviser” is not a protected term and professionals are not required to be licensed to dole out advice so it’s up to you, the consumer, to understand the certifications out there and how fees are structured…
