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Beyond bullion: Smarter ways for Canadians to invest in gold Oct 20th
Gold prices are flying. As of October 17, the spot price of gold is trading at $5,928 per ounce in Canadian dollars, or roughly $4,227 in U.S. dollars. The surge comes on the back of what Wall Street has dubbed “the debasement trade.” In simple terms, this refers to investors reacting to long-t.... More »
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 »
Does buying GICs still make sense after the recent rate cuts? + MORE Oct 2nd
The Bank of Canada (BoC) recently lowered its policy interest rate by another 25 basis points, from 4.50% to 4.25%. It was the central bank’s third consecutive cut, and economists widely expect more cuts before the end of the year.
What does it mean for Canadians as borrowers and savers when in.... More »
‘People Work for Money’: Pay Transparency Is More Important Now Than Ever + MORE Jun 30th
After endless hours of swaddling/feeding/rocking my baby daughter into submission, I spent the precious little downtime I had during maternity leave in 2021 and 2022 applying for a new communications job.
Before my mat leave, I was stagnating in my old role. Bored and undervalued, I needed a.... More »
The best TFSAs in Canada for 2022 + MORE Nov 17th
As the name suggests, tax-free savings accounts (TFSAs) offer a tax break on contribution income—meaning that, unlike with a regular savings account or non-registered investment account, what you earn inside your TFSA isn’t taxed, even when you make a withdrawal. TFSAs are flexible, too, allowin.... More »
Making sense of the markets this week: August 3
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.Gold outshines itself
Gold stole the headlines this week. That can happen when an infamous asset takes out its previous all-time highs.
Last Sunday, gold made another push and hit its all-time high above $1,920. By Friday, July 31, the price had moved above $1,990. (Gold is priced in USD.)
Gold is gaining based on general uncertainties in these, well, uncertain times. There is also the fear of inflation. Many investors also point to the prolific money printing from central banks and the ballooning deficits and deficits. In this MoneySense post, I touched on Canada’s pending $1-trillion debt, and the similarly large number representing proposed stimulus in the U.S.
MoneySense contributor Bryan Borzykowski recently pondered whether it’s time to buy gold again:
“A lot of people are excited about gold today because of how much debt countries around the world are accumulating…
