Best in show: How to find and invest in market leaders Apr 5th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
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Inflation a scourge for retirees? Ottawa’s silver lining(s) + MORE Dec 20th

While inflation and taxes are both major scourges for retirees, there’s a silver lining in how the two interact. That’s because the federal government builds in a degree of inflation-indexing to tax brackets, retirement vehicle contribution room and major retirement programs like the Canada Pens.... More »

5 things to know before the stock market opens Thursday - CNBC Oct 19th

5 things to know before the stock market opens Thursday  CNBCThe close: Stocks sharply lower as bond yields rise again, investors assess earnings  The Globe and MailStocks Close Lower on Heightened Geopolitical Risks and Soaring Bond Yields  BarchartWhy Are Stocks Down .... More »

The best RBC credit cards in Canada for 2024 + MORE Feb 1st

Credit Cards The best RBC credit cards in Canada for 2024 Discover the best RBC credit cards, whether you’re looking for cash back, travel points or low interest. Compare now Why trust us MoneySense i.... More »

The best banks in Canada + MORE Jun 23rd

Banking The best banks in Canada for 2023 With so many options, finding the right bank can be a daunting task. We outline the best banks in Canada for different banking needs. Compare now Tap "Return to top" to.... More »
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Making sense of the markets this week: May 7, 2023 May 5th

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. A big thanks to Diamond Hands Dale Roberts for so ably stepping in to cover the big market news over the last couple of weeks! Powe.... More »
Canadians approach retirement planning in many different ways, but there’s one thing we can all benefit from: a strategy to save enough to retire comfortably and even generate income after we stop working.

But many of us don’t feel financially ready to stop working. According to a 2022 survey by the National Institute on Ageing (NIA) at Toronto Metropolitan University, only one-third of Canadians aged 50-plus say they have the financial capacity to retire when they hope to do so. A survey by investment firm Edward Jones, also published in 2022, found that Canadians preparing for retirement have significant worries about future expenses, including health-care costs (59%), unexpected expenses (58%), economic downturns (42%) and inflation (41%).

These findings may sound grim, but there is also good news in the data points: Many people are enjoying retirement with a reasonable sense of personal and financial well-being. Regardless of where individuals fall on the retirement-savings spectrum, all share the need for a solid strategy to ensure they don’t outlast their money…

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