Making sense of the markets this week: December 15, 2024 Dec 13th

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Wall Street declines after Trump's fresh tariffs on Canada - Reuters + MORE Mar 11th

Wall Street declines after Trump's fresh tariffs on Canada ReutersMarkets today: Wall Street’s sell-off worsens after Trump ups the ante in his trade war CTV NewsDow tumbles as stock market rout continues CNNThe Daily Chase: Escalator up, elevator down B.... More »

Online “finfluencers” grow up + MORE Jul 3rd

If you’re someone near or at retirement, has a column like the one you’re now reading ever “finfluenced” any of your financial decisions? Increasingly, many Canadian investors are turning to a new generation of voices online, a trend that regulators are starting to watch more closely. .... More »

The best GIC rates in Canada for 2026 Feb 3rd

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »

Ontario lifts tuition freeze, unveils OSAP reforms as it boosts university and college funding. Here's what it will mean for schools and students Feb 12th

Ontario is overhauling OSAP, so that financial aid will be mainly loans with far fewer non-repayable grants..... More »

Should I draw down my RRIF to avoid estate taxes? + MORE Apr 22nd

Ask MoneySense Is it a good idea to withdraw more money monthly than one needs from one’s RRIF? What about beginning a regularly automated transfer of this extra money to one’s non-registered investments so that there is less money in the RRIF account upon death? As a result, the estate will be .... More »

Making sense of the markets this week: December 15, 2024

– moneysense.ca

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.

Enjoy the jumbo rate cut—it’s likely the last one

The Bank of Canada (BoC) cut its key interest rate by 0.50% on Wednesday. It’s now 3.25%.

This second consecutive jumbo cut (as opposed to the standard 0.25%) was widely anticipated after November’s soft labour market report and Canada’s continued anemic gross domestic product (GDP) growth. What’s more noteworthy was the fact BoC Governor Tiff Macklem said a more gradual approach to cuts would be taken going forward.

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