Making sense of the markets this week: January 1, 2023 + MORE Dec 30th

TSX getting you down? There are always sound investment alternatives.
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Retiring without a pension? How to generate retirement income in Canada + MORE Jun 1st

There once was a time when retirement planning was relatively straightforward for most Canadians. You put in the years at work and then, somewhere around your 65th birthday, your employer and co-workers sent you off into retirement with a small celebration, maybe a gift or two, and a reasonable, pre.... More »

Investing in the health care sector—better returns than tech? + MORE Apr 19th

The tech sector has been a favourite of Canadian investors in recent years, thanks to growing global adoption of technology, innovative product offerings, a revenue boom and stock price appreciation—all of which have created a fear of missing out among investors. However, tech stocks have been qui.... More »

Husband of ex-Scottish leader arrested: report - CTV News Apr 5th

Husband of ex-Scottish leader arrested: report  CTV NewsSturgeon's husband arrested in SNP finance probe  BBCHusband of SNP’s Sturgeon arrested in financial probe: UK media  Al Jazeera EnglishLive news: Zelenskyy arrives in Poland on state visit  Financial T.... More »
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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 »

What is a cashable GIC? Dec 21st

Canadian investors have been struggling with high inflation for a couple of years now. In an attempt to cool inflation down, the Bank of Canada (BoC) continues to keep interest rates high. As a result, the interest rates available for guaranteed investment certificates (GICs) look to be pretty attra.... More »
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.

Before looking ahead to 2023, I just want to give a big “Thank you” to writer Dale Roberts and our editorial team, including Jon Chevreau, Lisa Hannam and Jaclyn Law, for filling in while I was on vacation. Dale wrote an excellent recap of 2022 last week, so I thought the natural follow-up would be to look ahead at the big picture for 2023.

First off, making predictions about investment outcomes and macroeconomic events is notoriously difficult. If you want to feel less badly about your job performance, look back at the predictions for 2022 most folks made this time a year ago. A general summary of “expert opinions” at the end of 2021 would likely go something along the lines of: 

“Coming out of COVID, the economy is ready to run wild. Never have consumers had more money in their pockets and the country with more jobs than people to fill them…

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S&P 500 falls 19.4% in 2022, worst year since 2008 financial crisis  Yahoo Canada FinanceStocks fall as S&P ends worst year since 2008  CTV NewsU.S. stocks slide in an all-too-familiar 2022 playbook  BNN BloombergUS Stocks Suffer Worst Year Since Financial Crisis: Markets Wrap  Yahoo Canada FinanceWall St ends 2022 with biggest annual drop since 2008  Financial PostView Full Coverage on Google News

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