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Why emotional biases may be riskier than market swings + MORE Apr 17th
Investing your money in the stock market can be more emotional than analytical, especially when the markets are volatile. And at times, it can be hard to keep those emotions in check. That’s when behavioural biases start driving investment decisions—moves that are purely based on how youR.... More »
Mark Carney tells U.S. investors Canada 'can help make America great again' May 28th
The prime minister urged New York investors and the American administration to see Canada as a trusted ally and safe haven for investment..... More »
What to expect from Mark Carney’s fiscal update amid high deficits and rising risks - Toronto Star Apr 26th
What to expect from Mark Carney’s fiscal update amid high deficits and rising risks Toronto StarCarney faces pressure to show results in spring fiscal update: former PBO Global NewsLiberals must show results in spring economic update: former PBO Winnipeg SunCarney .... More »
Warning to caregivers: Expect a scavenger hunt Feb 24th
This story is part 3 in a series on financial caregiving for seniors. Read others in this series:
3 signs you need to take control of your parents’ finances
Caring for a parent? Get a power of attorney
Before my father was diagnosed with dementia, I had a 30,000-foot awareness of my f.... More »
The best GIC rates in Canada for 2026 Jul 21st
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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.
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Old-school financial advice that no longer applies
– moneysense.ca
Buying a starter home, living on one income and staying in the same job for 40 years—life was very different for older generations and many young people have realized what worked for their parents doesn’t necessarily work in today’s modern world.
As younger Canadians continue to face high housing costs, slowing wage growth and other challenges, age-old financial adages have become outdated, forcing a rethink of what smart money management looks like today. Here are some common rules of thumb for money management that financial advisers say need re-examining.
Housing should only take up a third of your budget
“If you’re trying to stick to this rule, you can only afford to buy a home that’s $500,000, which is well below the average across the country, and it doesn’t go very far in most major cities,” said Jason Nicola, certified financial planner at Vancouver-based Nicola Wealth. He cites research that shows just how much things have changed from previous generations…
