Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Head of China’s 4th largest state-owned bank resigns, citing personal reasons Dec 5th
BEIJING, China – The head of China’s fourth-largest state bank has resigned citing personal reasons.
No other details have been given about the departure of Agricultural Bank of China president Zhang Yun. The resignation of the 56-year-old executive comes amid an ongoing campaign against.... More »
9 Best Chequing Accounts in Canada: No-Fee Banking, Welcome Offers, And More + MORE Jul 31st
With so many banking options available in Canada, choosing the best chequing account for your day-to-day banking needs can be challenging. In recent years, online banks have introduced no-fee chequing accounts with other convenient features, making the decision that much tougher.
To help you in your.... More »
At midday: TSX lower as Home Capital, big banks weigh + MORE May 12th
Wall Street slips as retailer woes continue
.... More »
Allowance apps are the modern piggy banks and they could really help your kids Nov 29th
Canadian youth get top marks for financial literacy but more than one in ten 15-year-olds struggle with basic financial skills. But new allowance apps can help them manage their chores and allowance..... More »
Making sense of the markets this week: January 22, 2023 Jan 20th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.
Are central banks smarter than we thought—or are they just lucky?
The world’s central banks faced plenty of critici.... More »
If you’re trying to get a loan or a mortgage right now, a good credit score is essential. But in the near future, banks may look to your phone records or social media history to decide whether you’re a credit risk.
How Can Students Build Credit?
– ratesupermarket.ca
Frosh kicked off in early September and for many new college and university students, this was an exciting time. New school, new friends, and new debt are just some of the things to look forward to! Okay, so debt isn’t something anyone should look forward to, but it’s definitely on the minds of many students.
According to a new poll by CIBC, 48 per cent of students are worried about covering their tuition, living expenses, and paying down their debts. With 36 per cent saying they expect to graduate with more than $25,000 in debt, developing good money management skills early should be made a priority.
Also read: Beware Frosh Week Marketing Mania>
How Can Students Build Credit?
Building a good credit history early is always a good idea and the easiest way to do that is by signing up for a credit card. According to Cairine Wilson, vice-president of corporate citizenship at CPA Canada, it’s the small things like Netflix that can help students start building their credit history.
“It requires small recurring monthly payments and can be set it up to come out of your card account automatically” says Wilson…
Deep-value stocks on the verge of a turnaround?
– moneysense.ca
Many investors are getting reacquainted with that panicky feeling they felt back in 2008. One type of investor, though, may be welcoming the correction. Deep-value buyers—people who look for stocks that are trading at a large discount to what they appear to be really worth—have had a rough go over the past few years. The TWM Deep Value Index, which includes 20 undervalued dividend stocks, such as Xerox Corp. (NYSE: XRX) and Halliburton Co. (NYSE: HAL), has fallen 11.3% since September 2014. Many other stocks considered deep value, such as Staples Inc. (Nasdaq: SPLS) or Reitmans (Canada) Ltd. (TSX: RET), have dropped dramatically as well.
The underperformance is widely attributed to the efforts of central banks to inject liquidity into the markets since the recession. When markets rise across the board, value stocks tend to suffer, says Timothy Rankin, a portfolio manager with Franklin Templeton Investments. People look for companies that are keeping pace, not ones that are trying to turn themselves around…
The underperformance is widely attributed to the efforts of central banks to inject liquidity into the markets since the recession. When markets rise across the board, value stocks tend to suffer, says Timothy Rankin, a portfolio manager with Franklin Templeton Investments. People look for companies that are keeping pace, not ones that are trying to turn themselves around…
