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The best Visa credit cards in Canada for 2025 Apr 4th
Visa credit cards are some of the most widely accepted credit cards in Canada and abroad. And given Visa’s vast selection of cards, it’s easy to find one that suits your needs. So, which should you choose? MoneySense’s guide to the best Visa credit cards in Canada will help you decide.
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Responsible investing is growing in Canada. Which ESG factors matter most? + MORE Nov 9th
Responsible investing—that is, investing that takes into account environmental, social and governance (ESG) factors—has received a lot of attention in recent years, but is that reflected in how Canadians choose to invest?
According to the 2023 Canadian Responsible Investment Trends .... More »
How to Improve Your Employees’ Financial Wellness Apr 3rd
In today’s challenging economy, Canadians seek ways to stretch their hard-earned dollars and minimize financial strain. But learning how to make the most of every paycheque isn’t always clear or easy, which can cause added stress. Employers can help empower their employees to achieve financial w.... More »
Banking regulator takes permanent control of Silicon Valley Bank's Canadian assets - CBC.ca Mar 15th
Banking regulator takes permanent control of Silicon Valley Bank's Canadian assets CBC.caSVB collapse: Could bank failures happen in Canada? CTV NewsOur bank deposits are safe, that is really important: Allianz's Mohamed El-Erian CNBC TelevisionOpinion | In the Silic.... More »
Why Vanguard’s ETF aimed at retirees is currently cautious in its asset allocation Feb 27th
As a semi-retired investor who recently started a registered retirement income fund (RRIF), I regard exchange-traded funds (ETFs) from Vanguard Group as a major part of my core portfolio, along with low-volatility ETFs from BMO ETFs, and income-oriented ETFs from various other vendors.
After the .... More »
GICs and Savings Accounts – Which Best Combat Inflation?
– http://canadianfinancialdiy.blogspot.ca
Guaranteed Investment Certificates (GICs) and Savings accounts at banks offer a person in Canada the safest possible place to invest money. Both are backed 100% against any loss up to $100,000 by the Canada Deposit Insurance Corporation, an arm of the federal government. That’s as safe as it gets.Safety against outright loss isn’t enough for the investor. There is inflation to consider. Annual inflation – targeted by official Bank of Canada policy at 2% – eats away the purchasing power of our cash unless the interest rate on the GICs and savings accounts exceed inflation. If inflation is 2% and your interest received is 0.5%, you’ve lost 1.5% in real purchasing power.Unfortunately, the tale told by the numbers is discouraging. The chart below traces the deteriorating trend over time. Data is from the Bank of Canada. Inflation is the CPI (Consumer Price Index) All Items, shown by the red line. Back in 1981, all was wonderful. Savings accounts, 5-year and 1-year GICs issued by the major Canadian banks all paid interest rates comfortably in excess of inflation…
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