How to go about securing the best savings strategy in Canada.
Latest News
Planning a Trip or Cruise? Best Travel Tips for More Money May 24th
Want to save money on your cruise? Want to know how to save big on your next vacation? If you’re spending cash-only for your cruise, hotel and rental car, you might be missing out. There are lots of travel tips and cash reward perks you can take advantage of to stretch your dollars fur.... More »
Student Money Guide: How to pay for school and have a life—for both students and parents + MORE Jun 12th
There’s more to college and university than the classes. Navigating the costs that come with a post-secondary program is just as much a learning experience as Psych 101—for both students and their parent(s) and/or guardian(s). And with that in mind, this comprehensive guide includes articles for.... More »
Need your money in five years or less? Park it in a savings account with tax benefits + MORE Oct 11th
TFSAs containing high-interest savings accounts only pay about 2%, but putting short-term money at risk in the stock market is foolish.... More »
Wells Fargo names company veteran Tim Sloan president and chief operating officer + MORE Nov 17th
SAN FRANCISCO – Wells Fargo & Co. is naming a long-time company veteran its president and chief operating officer, a new position.
The San Francisco-based bank said Tuesday that Tim Sloan will take on the role effective immediately. The executive will retain his current role as head of who.... More »
Making sense of the markets this week: September 6, 2021 + MORE Sep 5th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The rich get richer as rates go lower
We know that lower rates set by central banks help to stimulate economic growth by providing cheap money. On the flipsi.... More »
TORONTO – Export Development Canada will be providing financial assistance to European telecom giant Vodafone, which the Canadian government agency notes is an important customer of BlackBerry (TSX:BB).The EDC said it has reached a US$850 million commercial financing deal with Vodafone, but provided few specific details.Instead, EDC says Vodafone — which operates in several countries, primarily in Europe — will generate important connections and new business for many Canadian companies and suggested BlackBerry would be among them.The Globe and Mail reports that $750 million of the total will be allocated for purchases of BlackBerry offerings.EDC assists foreign companies in purchasing goods and services from Canadian businesses, including repayable loans.The announcement from Ottawa comes at a busy time for BlackBerry, w hich is scheduled to bring a new smartphone to market on Wednesday and release its latest quarterly financial report on Friday.Analysts are estimating BlackBerry generated about US$925 million of revenue in its fiscal third quarter, which would be down about 22 per cent from the comparable period last year…
Household debt climbs to 167% of disposable income
– moneysense.ca
(JGI/Jamie Grill)TORONTO – Canadian household debt hit a record high during the third quarter, as it grew at a faster pace than disposable income, according to the latest figures from Statistics Canada.
The total amount of credit market debt — which includes mortgages, non-mortgage loans and consumer credit — held by Canadian households increased to 162.6 per cent of disposable income during the quarter, from a revised 161.5 per cent in the previous quarter.
That means Canadians owed about $1.63 for every dollar of disposable income in the third quarter.
The previous record of 161.7 per cent was set in the third quarter of 2013.
RBC economist Laura Cooper said the high ratio of debt relative to net worth will reinforce the Bank of Canada’s cautious approach to raising its benchmark interest rate.
“Consumers have amassed record levels of outstanding debt as a protracted period of depressed borrowing rates has sustained buoyant housing market activity,” Cooper said in a note…
Export Development Canada reaches US$850-million financing deal with Vodafone
– canadianbusiness.com
TORONTO – Export Development Canada will be providing financial assistance to European telecom giant Vodafone, which the Canadian government agency notes is an important customer of BlackBerry (TSX:BB).
The EDC said it has reached a US$850 million commercial financing deal with Vodafone, but provided few specific details.
Instead, EDC says Vodafone — which operates in several countries, primarily in Europe — will generate important connections and new business for many Canadian companies and suggested BlackBerry would be among them.
The Globe and Mail reports that $750 million of the total will be allocated for purchases of BlackBerry offerings.
EDC assists foreign companies in purchasing goods and services from Canadian businesses, including repayable loans.
The announcement from Ottawa comes at a busy time for BlackBerry, w hich is scheduled to bring a new smartphone to market on Wednesday and release its latest quarterly financial report on Friday.
Analysts are estimating BlackBerry generated about US$925 million of revenue in its fiscal third quarter, which would be down about 22 per cent from the comparable period last year…
The EDC said it has reached a US$850 million commercial financing deal with Vodafone, but provided few specific details.
Instead, EDC says Vodafone — which operates in several countries, primarily in Europe — will generate important connections and new business for many Canadian companies and suggested BlackBerry would be among them.
The Globe and Mail reports that $750 million of the total will be allocated for purchases of BlackBerry offerings.
EDC assists foreign companies in purchasing goods and services from Canadian businesses, including repayable loans.
The announcement from Ottawa comes at a busy time for BlackBerry, w hich is scheduled to bring a new smartphone to market on Wednesday and release its latest quarterly financial report on Friday.
Analysts are estimating BlackBerry generated about US$925 million of revenue in its fiscal third quarter, which would be down about 22 per cent from the comparable period last year…
