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Webull Canada Review 2024 + MORE Jan 19th
Webull has arrived in Canada. The buzzy stock trading platform, which has 11 million customers around the world, announced on January 2 that it was accepting applications for Canadian accounts.
Is Webull available in Canada?
Yes. Webull Corporation, a popular Cayman Islands-owned a.... More »
Rogers doubles financial award for Writers’ Trust Fiction prize + MORE Sep 26th
(iStock)
This morning the Writers’ Trust of Canada and Rogers Communications announced that the telecommunications and media giant was doubling its annual financial commitment to the Rogers Writers’ Trust Fiction Prize, one of the country’s three major national literary awards. This year’s w.... More »
At 26, this millennial in finance is making $375,000 a year working in the U.S. Now, she wants to focus on writing a book + MORE Aug 23rd
“I entered finance in hopes of saving enough to take a shot at freelance writing for a few years, unconstrained by financial concerns,” Jen said..... More »
MoneySense Toolkit: The mortgage refinance calculator Mar 31st
Depending on your circumstances, refinancing your mortgage can be a smart financial choice. However, while refinancing can lead to substantial savings, it can also come with steep costs. That’s when a mortgage refinance calculator can come in. It gives you a quick breakdown of the financial pr.... More »
Taylor Swift Invests in Discounted Closed End Funds. Should You? May 18th
Taylor Swift is often called one of the savviest businesspeople in the music industry. And, in another demonstration of her money smarts, it was recently revealed that the 33-year-old pop superstar invests in a niche, elite investor-approved type of mutual fund.
Last weekend, Boaz Weinstein.... More »
At midday: TSX boosted by miners, banks; oil stocks weigh
– theglobeandmail.com
Wall Street rises as hawkish Fed boosts financial stocks
Liz Weston: 5 money myths you probably believe
– canadianbusiness.com
Managing money can be complicated, and myths are often born from people’s struggles to make it simpler. But simplistic solutions can cost you instead of saving you money.
If you believe any of these five money myths, it’s time to take a closer look at the financial realities.
MYTH: EVERYONE NEEDS A FAT EMERGENCY FUND
Certified financial planners typically recommend clients have enough savings to cover expenses for three to six months. If you’re living paycheque to paycheque, though, it can take you years to amass that much.
Say you spend $5,000 each month and somehow manage to trim your expenses by 10 per cent. To accumulate three months’ expenses ($4,500 times three, or $13,500), you would have to put aside every dime of that $500 savings for 27 months. Accumulating a six-month stash could take nearly five years. Either way, it’s too long to put off other important goals, such as saving for retirement and paying off high-interest-rate debt.
A better course: Shoot for a starter emergency fund of $500, which would cover small car repairs or an insurance deductible…
If you believe any of these five money myths, it’s time to take a closer look at the financial realities.
MYTH: EVERYONE NEEDS A FAT EMERGENCY FUND
Certified financial planners typically recommend clients have enough savings to cover expenses for three to six months. If you’re living paycheque to paycheque, though, it can take you years to amass that much.
Say you spend $5,000 each month and somehow manage to trim your expenses by 10 per cent. To accumulate three months’ expenses ($4,500 times three, or $13,500), you would have to put aside every dime of that $500 savings for 27 months. Accumulating a six-month stash could take nearly five years. Either way, it’s too long to put off other important goals, such as saving for retirement and paying off high-interest-rate debt.
A better course: Shoot for a starter emergency fund of $500, which would cover small car repairs or an insurance deductible…
North American stock markets kick off week registering modest gains
– canadianbusiness.com
TORONTO – Stock markets in North America kicked off the week registering moderate gains.
In Toronto, the S&P/TSX composite index was up 38.30 points to 14,678.18.
The Dow Jones industrial average added 105.98 points at 18,501.38, the broader S&P 500 composite index rose 50.53 points to 2,178.85 and the Nasdaq composite gained 10.30 points to 5,229.22.
The Canadian dollar was at 76.77 cents US, down 0.15 of a cent from Friday’s close.
The October crude contract was down 84 cents at US$46.80 per barrel and October natural gas was little changed at US$2.91 per mmBTU.
The December gold contract fell 60 cents to US$1,325.30 an ounce and September copper contracts rose 1.5 cents to US$2.08 a pound.
The post North American stock markets kick off week registering modest gains appeared first on Canadian Business – Your Source For Business News.
In Toronto, the S&P/TSX composite index was up 38.30 points to 14,678.18.
The Dow Jones industrial average added 105.98 points at 18,501.38, the broader S&P 500 composite index rose 50.53 points to 2,178.85 and the Nasdaq composite gained 10.30 points to 5,229.22.
The Canadian dollar was at 76.77 cents US, down 0.15 of a cent from Friday’s close.
The October crude contract was down 84 cents at US$46.80 per barrel and October natural gas was little changed at US$2.91 per mmBTU.
The December gold contract fell 60 cents to US$1,325.30 an ounce and September copper contracts rose 1.5 cents to US$2.08 a pound.
The post North American stock markets kick off week registering modest gains appeared first on Canadian Business – Your Source For Business News.
Best real estate apps and tools when buying a home
– moneysense.ca
(Getty Images/Fanatic Studio)Buying a home can be a daunting task. Yes, it’s exciting to become a homeowner but the decision to take this step in life often comes with some heavy price tags. Thank goodness technology is here to help! To make it easier here’s a snapshot of the free mobile apps and free online calculators that can help you achieve your goal of homeownership.
This is not a comprehensive list. I’d run out of time if I were to list all the available options currently in the market. Instead, this is a compilation of those online calculators and universal smartphone apps that I believe are most useful—and the majority are 100% free to use.
Should I rent or buy?
Name: New York Times’ Rent vs. Buy Calculator
Type: Online tool
Cost: Free
Claim: The calculator keeps a running tally of the most common expenses of owning and renting. It also takes into account something known as opportunity cost — for example, the return you could have earned by investing your money instead of spending it on a down payment…
From left: Stanley Druckenmiller, Jeremy Grantham and A. Gary Shilling. (Neilson Barnard/Getty; Steve Mack/Getty; Scott Eells/Bloomberg/Getty)The outcome of the Brexit referendum clearly demonstrated the inherent volatility and fragility of global markets. What many people are missing, however, is that the financial impact of this largely political event comes nowhere close to the financial magnitude of events that led up to January 2016, a month we may look back on as a canary in a global economic coal mine.
U.S. equity markets lost over $1 trillion of value in January. In dollar terms it was the worst January in history. In percentage terms it was the eighth worst. What precipitated this violent and historic decline, and does it signal a future event of much greater magnitude?
How to position your portfolio for the rest of 2016
Recent concerns over global economic growth and credit quality in China certainly played a role in January’s decline. As the second-largest economy in the world, and the fastest growing of the major economies, China has tremendous influence on global economic growth, not to mention the companies whose share values rely on such growth…
