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Canada’s Artisan Candy Companies Will Satisfy Your Sweet Tooth Nov 3rd
Candy is big business. Confectionery companies with operations in Canada are projected to earn nearly US$16 billion in revenue by the end of 2022, and the market is expected to grow by more than 30 per cent in the next five years. Big Sugar dominates (Nestlé, PepsiCo and Mondelez are among the top .... More »
Are Canadian pension buybacks worth it? Jul 20th
Ask MoneySense
I am currently transferring my pension from a provincial to a federal government pension plan. I’m trying to determine if it is worth purchasing the balance of service and, if so, should I use my RRSP or TFSA funds. Here’s some relevant info:
Service Credited: 7 years, 140 days.... More »
Caring for aging parents in Canada: Financial challenges and strategies for relief Apr 12th
Did you know that 1.8 million Canadians are “sandwiched” between multiple care responsibilities, including looking after their children and aging parents? This shift in caregiving responsibilities from parent to child (especially while having kids of your own) can have significant financial.... More »
Making sense of the markets this week: April 7, 2024 Apr 5th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Are we in the middle of another Roaring ’20s?
For those who aren’t into history, the Roaring ’20s has been referre.... More »
What ETFs should a millennial couch potato invest in? May 30th
Ask MoneySense
I’m 30 years old and have 30 years to go until retirement. I already have a good pension with my employer so I’d like to try a 100% equity portfolio. Is there a Couch Potato portfolio that would suit my needs? Any ideas on which ETFs to hold?
–Jonathan
Couch potato ETFs
.... More »
Trading resumes for the TSX, TSXV and Alpha markets after technical issue – BNN Bloomberg
– news.google.ca
Trading resumes for the TSX, TSXV and Alpha markets after technical issue BNN BloombergToronto Stock Exchange resumes trading after morning halt Yahoo Canada FinanceBREAKING: Trading halted at Toronto stock exchange CP24Toronto Stock Exchange to resume trading after morning halt CP24Toronto Stock Exchange climbs after tech issue halts trading – Business News Castanet.netView Full coverage on Google News
Does TINA still apply for the stock market? Are GICs and bonds a new option for Canadian investors?
– moneysense.ca
Like many investors, I’ve seen the media and RBC report that some $10 billion moved out of chequing, savings and mutual funds into guaranteed investment certificates (GICs) in the third fiscal quarter. I’m also well aware of the increases in bond yields. Even so, unlike some of my advisor peers, I still believe the popular investing acronym TINA: “There is no alternative” to investing in the markets. However, I will add on to TINA: “There is no alternative to investing in the stock market if you want to grow your wealth.”
It’s an important distinction, and one that advisors and investors should consider before opting out of the markets in favour of so-called safer investments—in this case, GICs and bonds. Here’s why:
Will the real rates of return for GICs grow wealth?
While the lure of a guaranteed return is particularly strong in volatile markets, it’s important to consider what you’re actually walking away with and at what cost.
Since 2000, GICs have only made money for investors in four years (2001, 2006, 2009, 2020), once tax and inflation have been factored in, according to a report from Mackenzie Investments…
