The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Tesla to significantly raise prices of all cars in Canada, website shows - Reuters Jan 23rd
Tesla to significantly raise prices of all cars in Canada, website shows ReutersTesla Just Raised Prices in One Key Market. What It Means for the Stock. Barron'sTesla Raises Prices Again, Steeper Hikes to Follow on Feb. 1 The Car GuideTesla EVs Are About To Get A Lot.... More »
MoneySense at the MoneyShow: Investing in Real Estate in 2023 May 9th
Join MoneySense for the MoneyShow Canada Virtual Expo.
The last year has tested Canadian real estate investors with high-interest rates and inventory issues. To give you some insight into the markets—Canada-wide!—MoneySense teamed up with Zoocasa. They analyzed real estate data to reveal the.... More »
How to become a digital nomad—and not go broke Jun 28th
A silver lining of the pandemic is that work has become more flexible than ever—leading more Canadians to take “workations” or relocate to other countries for weeks or months at a time. It’s more than just a change of scenery. Planned carefully, working abroad can mean seeing the world affor.... More »
The smart seller’s secret to reducing capital gains tax in Canada + MORE Jul 18th
For many Canadians, selling a property can come with a surprise: the capital gains tax. Whether it’s a cottage, rental property, or former principal residence, understanding how capital gains are calculated and how a professional appraisal can significantly reduce your tax burden is crucial. .... More »
Making sense of the markets this week: January 8, 2023 + MORE Jan 6th
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.
Putting 2022 into context (it was pretty bad)
What caught my eye this week? This chart from Ben Carlson:
Source: A W.... More »
Investors started 2022 celebrating the record highs of 2021. The S&P 500, Dow Jones and NASDAQ were all up double digits. The S&P 500 achieved the greatest gains in 2021, ending the year up nearly 27%. The feeling was “onward and upward”—then macro issues took over and that changed everything. Inflation, interest rates and economic policy are the big-ticket items of 2022—a year that took investors on yet another wild ride, catching new investors, in particular, off guard. Before we look forward to 2023, let’s look back at this year.
What happened in 2022 to affect our finances
Let’s break down the highs and lows of 2022.
1. War
In late February, when Russia invaded Ukraine, inflation—which had been almost non-existent for decades—was already on the rise, thanks to COVID. Disrupted supply chains and nearly full employment were pushing up food prices and wages. Russia’s invasion of Ukraine led to a spike in oil prices, taking inflation to levels higher than it likely would have hit, if there were no war…
