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Brexit fallout: Worst yet to come for central banks + MORE Jun 24th
Bank leaders should be prepared to be quick with liquidity if needed, slow to change interest rates
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Not all rate hikes are created equal + MORE Nov 19th
(Getty Images / Nigel Carse)
Shopping for a mortgage, these days, is a lot like shooting those tin ducks at the carnival.
The game looks easy enough. Just aim, focus on the duck you want, then squeeze the trigger and…miss. Getting a locked-in, guaranteed, pre-approval rate also looks easy; tur.... More »
At the open: TSX ticks higher as resource stocks gain, banks weigh + MORE Aug 18th
Wall Street flat as Fed divided on rates
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The best GIC rates in Canada for 2024 Jun 14th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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MoneySense is an award-winning magazine,.... More »
CitiBank Cuts Travel Insurance On Credit Cards Jul 4th
Canadians with Citibank cards may enjoy the benefits that come with it, including travel and insurance perks. But as of September 22, 2019, Citibank has announced it is slashing those benefits – particularly the ones associated with travel.
The benefits that will no longer be honored are worldwid.... More »
How to Actually Stick to Your Financial Resolutions
– ratesupermarket.ca
By: Barry Choi
I love the New Year; it’s a fresh start for all of us and the perfect time to set up our goals for the year. Many people are looking to make a positive change in their lives and have set up New Year’s resolutions. For most people, unfortunately, they’ll break them by the time Valentine’s Day rolls around.
As you can imagine, financial resolutions are very popular. Everyone wants to spend less, save more, and pay down debt, but that’s easier said than done. When our credit card bills arrive in January, many of us are left scrambling to pay off our holiday spending, while trying to meet our new saving goals – a recipe for disaster. Here are some tips to help make sure we stay on track.
Set Specific Goals
The biggest problem with any New Year’s resolution is that they usually aren’t specific enough. Let’s take a look at what spending resolution Canadians made in a recent survey from CPA Canada.
Pay down debt – 61%
Follow a budget for spending – 61%
Save more retirement – 52%
Save for the 2016 holiday season – 29%
Save for their children’s education – 25%
For these types of surveys they have to generalize, but as individuals we need to establish specific and realistic goals…
A majority of Canadians remain confident about their finances heading into 2016, but the percentage holding a positive view is down from a year ago, according to a new poll from one of the country’s big banks.
