earnings | FTX collapse: OTPP writes down investment to zero - CTV News + MORE Nov 18th

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Capital gains tax in Canada, explained + MORE Jun 16th

Capital gains tax highlights Only 50% of a capital gain is taxable in Canada, and the taxable portion is added to your income for the year. With Canada’s current income tax rates, no one pays more than 27% in capital gains tax. You can reduce the amount of capital gains tax you owe by holding.... More »

Take control of your finances with these budgeting tips for young adults + MORE Nov 28th

As you start your career and earn a living, you’ll have to figure out how to manage your money on your own. It’s not uncommon to look at your bank balance and wonder where all your money went, even though you just got paid. That’s why you’ll want to create a budget. According to an RBC p.... More »

What’s the RRSP deadline for 2022? Feb 10th

RRSP contribution deadline highlights The RRSP contribution deadline for 2022 is March 1, 2023. Contributions made before the deadline must be reported on your 2022 tax return, but you can choose to carry the deductions forward into 2023 or beyond. Every year, Canadians are asked to prepare.... More »

Making sense of the markets this week: April 2, 2023 Mar 31st

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. Freeland fires again at Canadian Banks There are several big-picture looks at the important aspects of the Canadian federal budget .... More »

Making sense of the markets this week: September 17, 2023 + MORE Sep 15th

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. U.S. inflation battle: Mission not accomplished Despite increasing interest rates and hawkish talk from the U.S. F.... More »

FTX collapse: OTPP writes down investment to zero – CTV News

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FTX collapse: OTPP writes down investment to zero CTV NewsView Full Coverage on Google News

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Making sense of the markets this week: November 20, 2022

– moneysense.ca

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.

Inflation glass remains half full—and 6.9% more expensive

While many economists predicted a rise in the overall inflation rate, Statistics Canada revealed on Wednesday that consumer prices were going up at the exact same pace as they were last month. So, things might not be getting worse—but they’re not exactly getting any better.

Source: CBC News

With more than half of the subcategories that the consumer price index (CPI) tracks up over 5% on a year-over-year basis, many experts remain worried about widespread inflationary pressures.

Overall, the market seemed to take the news in stride, as the Canadian stock market’s TSX 60 index was essentially flat last Wednesday. Relative to the big gains we saw upon last week’s American inflation data, it appears that Canada remains in a holding pattern. Betting markets now believe the chances of a 0…

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