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Climate Change Is Influencing How Young People Invest Their Money Jul 11th
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 .... More »
How to find affordable home insurance Jul 11th
Affordable home insurance: Does it even exist? According to Ratehub.ca, an aggregator website, the average Canadian household pays $960 per year, or $80 per month, for home insurance. That’s a lot of money when you consider all the other costs that come with owning and maintaining a home.
.... More »
How to qualify for EI benefits in retirement in Canada Feb 21st
Ask MoneySense
I’m a 75-year-old male, working part-time and contributing to EI every two weeks; and have for 10 years.
I do have CPP and OAS income.
Do I qualify to collect EI benefits for a period of time if I retire this year? I’ve paid contributions for 10 years and now plan to ret.... More »
Feds post deficit of $8.4B through first 10 months of ’17 18: estimate + MORE Apr 1st
OTTAWA _ A preliminary analysis of the federal books says the government ran a budgetary deficit of $8.4 billion through the first 10 months of the fiscal year, compared with a shortfall of $12.8 billion for the same period last year.
The Finance Department’s latest monthly fiscal monitor show.... More »
Should I invest my money or buy a life insurance policy instead? + MORE Feb 8th
Q: My wife and I are both 40 and have two kids—ages 5 and 7. We are considering buying a joint last-to-die life insurance policy that would cost a fixed $7,105 per year for ten years. That’s a total of $71,050 and the policy would pay $500,000 when the last of us dies. This is a proposition.... More »
Should I add new ETFs and REITs to my portfolio?
– moneysense.ca
Q I have opened accounts with a discount brokerage and built a portfolio with the following ETFs:
Vanguard FTSE Canada All Cap Index (VCN)
Vanguard U.S. Total Market Index ETF (VUN)
iShares Core MSCI EAFE IMI Index ETF (XEF)
iShares Core MSCI Emerging Markets IMI Index ETF (XEC)
BMO Aggregate Bond Index ETF (ZAG)
Are these ETFs enough for my RRSP and TFSA, or should I add others, like a dividend-producing funds and real estate investment trusts (REITs)?
– Natalie
A Carl Richards, a financial planner and author of The Behavior Gap, has observed an odd human tendency. “People say they want things to be simpler—investing, life insurance, retirement planning, etc.,” he writes. “But when a simpler (and effective) option is proposed, they reject it as too simple.”
The Couch Potato portfolio is a shining example. The appearance of ETFs has made building a diversified portfolio easy and shockingly cheap, yet many investors seem bent on making it more complicated and more expensive…
Trump Bids Paris Adieu
– online.wsj.com
Growth and innovation are better forms of climate insurance.Federal government set to help softwood industry with $1 billion aid package
– canadianbusiness.com
Natural Resources Minister Jim Carr is set to unveil about $1 billion in financial supports for softwood lumber producers and their employees.
Cabinet discussed the options for a package May 9 but the federal government wanted more input from the provinces via the special working group Carr established in February.
A government source confirms Carr will unveil the details Thursday in Ottawa along with Foreign Affairs Minister Chrystia Freeland.
It will include employment insurance enhancements for laid-off workers, loan guarantees in some form and funds to assist companies with exploring new markets and innovations.
The source _ not authorized to discuss the matter in advance of the announcement and so speaking on condition of anonymity _ characterized the money as a support package, not a bailout.
Were the United States to view the package as as bailout or subsidy, it could make the situation worse.
On April 28, the U.S. Department of Commerce slapped countervailing import duties as high as 24 per cent on Canadian softwood, arguing Canada unfairly subsidizes its industry by keeping the price of logging artificially low…
Cabinet discussed the options for a package May 9 but the federal government wanted more input from the provinces via the special working group Carr established in February.
A government source confirms Carr will unveil the details Thursday in Ottawa along with Foreign Affairs Minister Chrystia Freeland.
It will include employment insurance enhancements for laid-off workers, loan guarantees in some form and funds to assist companies with exploring new markets and innovations.
The source _ not authorized to discuss the matter in advance of the announcement and so speaking on condition of anonymity _ characterized the money as a support package, not a bailout.
Were the United States to view the package as as bailout or subsidy, it could make the situation worse.
On April 28, the U.S. Department of Commerce slapped countervailing import duties as high as 24 per cent on Canadian softwood, arguing Canada unfairly subsidizes its industry by keeping the price of logging artificially low…
Egan: Bank tells senior who got stuck in Antarctica he's too old for credit card's travel insurance
– canada.com
Robin Farquhar has one of those wonderful-sounding travel credit cards, ScotiaGold Passport Visa, that comes with six types of insurance coverage — everything from burglary to lost luggage to cancelled flights. As a longtime Bank of Nova Scotia customer, imagine his reaction, a year ago, when he tried to claim for missed flights after being trapped […]
