How much do children cost? The 'mommy tax' for women lasts at least 5 years, Royal Bank says + MORE Apr 1st

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The best banks in Canada + MORE Oct 16th

Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of per.... More »

Here's why Robinhood is restricting users from buying surging stocks like GameStop - Yahoo Canada Finance Jan 28th

Here's why Robinhood is restricting users from buying surging stocks like GameStop  Yahoo Canada FinanceWhy a Reddit group pumped GameStop shares up 1,000% on a lark to make short sellers lose their shirts  CBC.ca'This is a drastic shift' — Reddit co-founder Alexis Ohanian on W.... More »

Alphabet stock jumps 9% on back of blowout earnings - CNBC Feb 2nd

Alphabet stock jumps 9% on back of blowout earnings  CNBCGoogle posts strong holiday sales, Alphabet shares surge  The Globe and MailGoogle parent Alphabet beats earnings expectations  Al Jazeera EnglishAlphabet reports US$20.64-billion fourth-quarter profit - Sault Ste.... More »
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This 29-year-old was laid off early in the pandemic. She recently found a job, but now her investment property sits vacant. How can she achieve her saving goals? Jan 4th

Sarah has always seen herself as regimented and in control of her money, but this pandemic year has taken her for quite a spin..... More »

Making sense of the markets this week: May 29 + MORE May 27th

Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors. Banking on boring profits Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t .... More »
Having children comes at a “significant” cost for a woman’s career, according to a recent report from the Royal Bank of Canada, which says women lose earnings for up to five years after giving birth.

Continue Reading On cbc.ca »

Like many investors, Norman Levine was sure that interest rates were going to rise. He was so sure that he bought a number of rate-reset preferred shares, which are shares that reset their dividend every five years. If rates rise, those payouts climb. If not, they fall. Unfortunately, for Levine – and the many other investors who adjusted their portfolios thinking that rates were on a steady climb higher – long-term interest rates have fallen, while short-term rates may not be moving much this year either. “Our preferreds got clobbered,” says Levine, a managing director at Toronto’s Portfolio Management Corporation. 
Over the last year or so, portfolio managers, economists and journalists like me, have been talking about how interest rates are going to rise and the destruction that would cause in rate sensitive sectors, such as utilities, real estate investment trusts and telecoms. While we were right at first – between January 2 and October 1, 2018, the 10-year U.S. Treasury yield climbed by 33%, while the S&P/TSX Capped Utilities Index fell by 11…

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