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American Express Cobalt review + MORE Dec 15th
If you know you want an American Express credit card, you’ve probably been referred to the Cobalt credit card. The Cobalt combines high earn rates for everyday purchases with a great insurance package and the ability to put points towards travel for high value. In this American Express Cobalt revi.... More »
How does a reverse mortgage work in Canada? Sep 1st
More than ever, Canadians are relying on reverse mortgages—a “don’t-pay-till-you-die” option to borrow up to 55% of the appraised value of your home—and the trend is turning conventional wisdom about debt and retirement on its head. While past generations fought hard to avoid debt in their.... More »
The best travel insurance credit cards in Canada for 2024 Nov 16th
If you’re one of the nearly 80% of Canadians planning a trip outside your province or territory this year, you’re going to want to use a travel credit card with solid insurance.
Top 3 cards for travel insurance
featured .... More »
How to deal with the rising costs of auto insurance due to car theft Apr 17th
Looking for a break on car insurance premiums is often top of mind for drivers. And finding ways to reduce that figure is especially important now, when rampant thefts have led to higher insurance costs.
How to lower the cost of auto insurance and prevent car theft
Experts say installing .... More »
The best credit cards for seniors in Canada in 2024 Aug 28th
What are the best credit cards for seniors in Canada? That was a question we recently received from a reader, and while credit cards are more about an individual’s unique spending habits and the benefits they find most useful in a credit card than age, we still thought we could help. With this in .... More »
Climate Change Is Influencing How Young People Invest Their Money
– canadianbusiness.com
The climate crisis and its effects are front of mind for many Canadians. A recent Ipsos study found that 73 per cent of Canadians believe the world is headed towards environmental disaster, unless there’s an effective transition away from fossil fuels and a significant reduction in greenhouse gas emissions by 2030. Young Canadians in particular are worried about how global warming will impact the future: A 2023 study from Lakehead University found that eight in 10 respondents aged 16 to 25 say their mental health is negatively affected by fears and anxiety related to climate change.
For many Gen Z-ers and younger Millennials, who are now in their early 20s to mid-30s, climate change is also transforming the way that they think about their financial futures. For example, a recent survey by BNN Bloomberg and financial-product comparison site RATESDOTCA found that 60 per cent of homeowners under the age of 34 are reconsidering where they want to live because of climate change. These buyers are avoiding places that have experienced recent extreme weather events, like flooding and forest fires, which not only cause stress for homeowners, but can increase insurance rates…
