Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best GIC rates in Canada for August 2023 Aug 29th
Investing
The best GIC rates in Canada for August 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The First Home Savings Account is finally here. Here’s how it can save you thousands in taxes Apr 11th
The new federal plan has some hiccups — it’s still not available at the Big Six banks — but once it’s up and running, it will allow potential buyers to save for their first home tax-free..... More »
Making sense of the markets this week: October 23 Oct 21st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bank on higher interest rates leading to increased profits
U.S. earnings season is in full swing, and the banks were some of the fi.... More »
The best Visa credit cards in Canada for August 2023 Sep 1st
Spend
The best Visa credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Applying for your first credit card? Here’s what you should know before getting one + MORE Feb 3rd
The convenience of making purchases with your credit card comes with many advantages, like rewards, perks and a solid credit history. However, if used irresponsibly, this financial tool can lead to unmanageable debt and a low credit score. So, how can you be a responsible credit card owner? I will e.... More »
What is cryptocurrency? And how do you invest in it?
– moneysense.ca
You can’t read a news site, watch a YouTube video or scroll any social media platform without coming across a reference to bitcoin, ethereum or other cryptocurrencies. Maybe your own friends and family members are nattering non-stop about their crypto investments.
Time will tell if crypto is the way of the future, but as more investors, companies and countries start taking it seriously, now is a good time to learn about this new asset class—and the investing opportunities it represents.
Here’s your essential guide to cryptocurrency, and what to look for if you’re thinking about investing.
What is cryptocurrency?
Cryptocurrency is a form of currency that exists digitally, or virtually. Individual units of cryptocurrency are referred to as coins or tokens.
The world’s first cryptocurrency, bitcoin, was created to facilitate peer-to-peer digital payments—meaning money transfers without the involvement of a central authority or other intermediaries, such as banks or credit unions…