Making sense of the markets this week: January 16 + MORE Jan 14th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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How to protect your crypto from hacks + MORE Oct 28th

2022 has been a tumultuous year for cryptocurrency markets. Significant and sustained price declines have shrunk the overall crypto market value below $1 trillion—a significant retreat from its all-time high of $3 trillion in November 2021. (All values in U.S. dollars.) What has intensified inv.... More »
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The best low-interest credit cards in Canada for 2023 Sep 9th

Spend The best low-interest credit cards in Canada for 2023 Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required. Find my perfect card* .... More »

Should you hold on to unused RRSP contributions? + MORE Dec 4th

Ask MoneySense I have $66,000 unused RRSP contributions for the 2023 tax year (unused deductions, not unused contributions). My plan is to start my RRSP withdrawals in January 2025, and to start claiming the unused deductions on my 2025 taxes, when most likely it will be over $70,000. In 2025, I .... More »
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SVB collapse: Could bank failures happen in Canada? - CTV News + MORE Mar 15th

SVB collapse: Could bank failures happen in Canada?  CTV NewsThe world struggles to predict financial fallout from California bank collapse  CBC.caUS Regulators Start Soliciting Interest for Signature Bank Bids  BNN BloombergOpinion: Silicon Valley Bank collapse shows C.... More »
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Canada’s best instant approval credit cards for 2023 + MORE Jun 2nd

Credit Cards The 20 best credit cards in Canada for 2023 Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required. Find my perfect card* .... More »
Unlike at-home haircuts and hoarding toilet paper, do-it-yourself investing is a trend from the pandemic that’s here to stay. In 2020 alone, more than two million Canadians opened new self-directed investment accounts to buy and sell stocks and other securities—that’s more than twice the people who did the year before.

Regulators worry that without professional advice, investors with limited knowledge and information may lose money. You don’t need a degree in finance to be a successful investor, but it helps to have a carefully considered strategy. The key is common sense: Know your investing goals, be realistic about your risk tolerance, consider your time horizon and base your decisions on thorough research.

Let’s take a closer look at these four factors.

1. Set your investment goals

What are you saving up for—a short-term goal like home renovations or a wedding? Or a long-term goal like retirement or funding your child’s education? Your financial goals can help determine what investments you choose and which account types to use…

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Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors

Growth vs the Fed: the battle of 2022

This year’s battle for the markets is shaping up. In one corner we have ongoing economic growth. In the other corner we have the Fed. 

Let’s get ready to ruuuuuuummmmbbbbllllle!!!

When I made sense of 2021, we looked at commentary from LPL research that framed the growth prospects for 2022. 

“An expanding economy is a great start, but stocks fundamentally derive their value from earnings. On the top line, the environment for companies to grow revenue next year should be excellent, with potential for above-average economic growth and some pricing power from elevated inflation. Revenue growth has historically been well correlated to nominal GDP growth, which is simply real GDP growth (the inflation-adjusted number that’s normally reported) plus inflation. Our 4% to 4.5% real GDP growth forecast for next year plus perhaps 3% inflation (about the consensus forecast for the increase in the Consumer Price Index) puts a 7% revenue increase in play…

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If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2021 and may even be looking forward to a hefty tax refund. (The deadline for filing this year is April 30, 2022, which is on a Saturday, by the way. So you actually have until May 2, 2022 to file.) You can help ensure that happens by knowing the details of your registered retirement savings plan (RRSP), what sets them apart, your contribution limit and a whole slew of other things. Here are the basics:
What’s an RRSP?
A registered retirement savings plan, or an RRSP, is a savings account that you open at a bank or other financial institution. It is registered by the federal government of Canada for tax savings, and you can contribute to the account up to an annual maximum amount. 
What’s special about RRSPs?
Contributions to RRSPs are deductible, meaning they can be used to reduce your taxes. Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you withdraw money from the account…

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