Insurance for self-employed Canadians: What coverage do you need? + MORE Sep 4th
Trump administration sets meetings with oil companies over Venezuela, source says - Reuters + MORE Jan 5th
The Magnificent 7 versus the other 493 S&P 500 companies: What’s the better investment? + MORE Oct 1st
Is AI coming for my job? + MORE May 8th
US stocks and dollar slide after Trump attacks Fed chair Powell - BBC + MORE Apr 22nd
Making sense of the markets this week: July 2, 2023
– moneysense.ca
This week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
What’s up with inflation?
It’s no secret—with respect to stock markets, bond yields and the economy—inflation is still driving the bus. And the joke is that the central bankers are looking in the rearview mirror as they drive. They’re looking at data from the past, as the inflation bus hurtles forward.
Of course, the bankers want to see lower inflation in the target range of 2%.
Canada had a meaningful inflation report this past week. And perhaps we’ll give the inflation fight a grade of C-minus. Not great, but we’re moving in the right direction.
Today’s data: inflation! https://t.co/6GZB1qIFQlThe headline rate dropped to 3.4% in May (a large but expected decline). Big drops in Atlantic Canada. All now below 3%! #cdnecon pic.twitter.com/w5cVSgbNmO— Trevor Tombe (@trevortombe) June 27, 2023
Canada’s CPI was in line, at 3…
How to build credit history in Canada
– moneysense.ca
If you’re a newcomer to Canada, a recent graduate, a student or a young adult, your credit score—a number calculated based on your credit history—is likely low or non-existent, meaning that you don’t have enough credit activity to determine a score. One of the most beneficial things you can do for your financial health is to learn how to build your credit history in Canada.
What is a credit history?
Since Canada is a credit-based economy, creditors (banks, financial institutions, credit card issuers and other lenders) need a way to gauge how likely you would be to pay back what you owe or borrowed in a reliable and timely manner…
