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The best RBC credit cards in Canada for 2024 + MORE Feb 1st
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The best RBC credit cards in Canada for 2024
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Did you manage to resist selling your stocks during the crash? Good. But now might be the time to do it Jun 23rd
The uncertainty over how the pandemic will play out and what the path to economic recovery will look like begs the question: What should you do with your investment portfolio now?.... More »
Are you revenge spending? Don’t make matters worse Aug 2nd
Post-pandemic revenge spending could make your financial health worse. Instead of buying things you don’t really need, taking control of your finances will be an even sweeter revenge, Lesley-Anne Scorgie writes..... More »
Altcoins vs. bitcoin: What to consider while building your crypto portfolio + MORE Sep 14th
Cryptocurrencies have skyrocketed in popularity over the last couple of years. While bitcoin remains the “king of the hill” of virtual coins, some other altcoins (smaller cryptos) are gaining traction and market value, driven by broader acceptance among retail and institutional investors.
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Fewer banking fees, help for mortgage holders—here’s what new rules could mean for Canadians Oct 27th
On October 17, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced new affordability measures related to mortgages and banking, prepared in consultation with the Financial Consumer Agency of Canada (FCAC), a consumer watchdog organization that focuses on financial services..... More »
Ottawa gets it right on funding for disaster mitigation
– theglobeandmail.com
The $2-billion investment is designed to reduce the almost $9-billion spent by the federal government in unbudgeted disaster relief expenditures from 2005 projected through 2020.
Financial decisions can be challenging. Many of us make bad decisions about when to save and when to spend. And if we’re being honest, most of us would admit to having a limited capacity to properly evaluate different mortgage, savings and investment options. To help us, governments, schools, employers and other organizations have introduced a range of financial literacy initiatives. Based on recommendations from the Toronto Youth Cabinet, for example, the Ontario government will make financial literacy part of the grade 10 curriculum starting in 2018. The aim seems reasonable. Who could disagree with the idea of students knowing more rather than less about making sound financial decisions? On closer inspection, there are reasons to be skeptical of the effectiveness and ethical defensibility of financial literacy programs.
One problem with financial literacy programs is that many of them just don’t seem to work. A 2014 meta-analysis of over 200 studies of financial literacy programs found that the programs explained almost none of the differences in participants’ financial behaviour and that even marginal literacy gains disappeared less than two years later…
Future of Home Capital uncertain as bankers explore options
– theglobeandmail.com
BMO, Royal Bank of Canada contact mid-sized financial institutions to gauge interest
